Office

New Jersey’s office market is evolving by the day, but this fact remains: The state’s location and educated workforce make it a highly desirable place for tenants of all shapes and sizes.

Finance & Capital Markets
Spencer closes loans for Bridgewater medical office building, Newark housing project

The owner of a medical office building in Bridgewater has secured nearly $8 million in permanent financing, in one of two recent closings by Spencer Savings Bank.

Community
Health care, social causes among latest recipients of Sanzari Family Foundation grants

The Alfred N. Sanzari Family Foundation has awarded more than $50,000 to nine local nonprofits as part of its spring 2024 grant program.

Finance & Capital Markets
Hotel developer inks construction loan for 128-key Marriott property in Lyndhurst

A developer has secured a $14.6 million construction loan to build a 128-key extended-stay hotel in the Meadowlands, in a transaction arranged by Cronheim Mortgage.

Office
Bridgewater medical office building trades for $2.5 million, Marcus says

An investor has purchased a 16,000-square-foot medical office building in Bridgewater for nearly $2.5 million, brokers with Marcus & Millichap announced Thursday.

Professional Services
CBRE adds Parrillo, LiVecchi and Barnes to greater Philadelphia brokerage team

CBRE has bolstered its team in the greater Philadelphia region with the addition of veteran brokers Ashley Parrillo, Anthony LiVecchi and Peter Barnes.

Industrial
Denville flex industrial building trades for $2.5 million, C&W says

The longtime owner of a roughly 14,000-square-foot flex industrial building in Denville has sold the property, in a newly announced deal by Cushman & Wakefield.

Office
Sanzari signs 5,300 sq. ft. renewal in Teaneck with Maschler family office

A family office has signed a nearly 5,300-square-foot lease renewal at Alfred Sanzari Enterprises’ Glenpointe campus in Teaneck, the landlord announced Wednesday.

Office
Newmark: MELD Law moving, expanding in 9,200 sq. ft. lease in West Orange

Law firm Manzi Epstein Lomurro & DeCataldo LLC has leased more than 9,000 square feet at a well-known office building in West Orange, in a deal arranged by Newmark.

Office
Sanofi looks to sublease part of new flagship office at 260,000 sq. ft. Morristown building

Pharmaceutical giant Sanofi is looking to sublease part of its new U.S. headquarters in Morristown, where it’s slated to occupy the new 260,000-square-foot M Station West building currently under construction.

Top News
Panepinto, Incheon City sign MOU to execute $5.1 billion development in South Korea

Panepinto Properties is embarking on another major project in South Korea, having agreed to spearhead a $5.1 billion mixed-use development near Seoul-Incheon International Airport.