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.

Policy Page
Turning early optimism into action

Gov. Mikie Sherrill took office with a clear mandate from New Jersey voters: make the state more affordable, more efficient and more competitive. For the commercial real estate (CRE) industry, that message matters because growth does not happen in a vacuum. It relies heavily on public policy that allows projects to move forward, capital to be deployed with confidence and employers to expand in places where workers can live, commute and thrive.

Deals
Longtime nonprofit Our House Inc. leases 27,000 sq. ft. in New Providence, Kislak says

A nonprofit has secured a new headquarters with a nearly 27,000-square-foot office lease in New Providence, according to a team with Kislak Commercial Real Estate Services Inc.

Top News
Bergman expands programming with BetterSpaces, seeking to boost tenant engagement

Bergman Real Estate Group is leaning into its partnership with BetterSpaces, the tenant engagement platform, in a push to enhance the experience across its office portfolio.

Top News
Splendor officially rebrands with shortened name, highlighting creative agency’s evolution

Splendor, the creative agency with strong ties to commercial real estate and other industries, has officially shortened its name to reflect its decades-long movement to a full-service platform.

Finance & Capital Markets
Rubenstein, Vision land $80 million refi for 700,000 sq. ft. Latitude campus in Parsippany

A joint venture has refinanced the two-building Latitude campus in Parsippany, securing an $80 million loan that allows it to continue investing in the distinctive office property.

Professional Services
PREMIER Design + Build Group picks Morristown as new eastern region headquarters

PREMIER Design + Build Group has moved its East Coast headquarters to Morristown, a location that it says will help attract talent and position it for future growth in the region.

Events
NAIOP New Jersey unveils three Deal of the Year winners, plus finalists for office category

NAIOP New Jersey has announced three Deal of the Year winners ahead of its popular spring gala, with plans to reveal a fourth to the hundreds who will be on hand for the May 14 event.

Health Care
Kushner, KABR eye new-look health care hub at Journal Square building with Clinical Group as its leasing team

Kushner and KABR Group have picked The Clinical Group as their leasing team for a well-known 111,000-square-foot office building in the heart of Jersey City’s Journal Square district.

Office
New Jersey office market gains traction in Q1 amid Class A leasing, shrinking supply

Demand for high-end office space in New Jersey is going strong, providing added momentum as developers continue to raze obsolete buildings to make way for higher and better uses.

Professional Services
Newmark Associates bolsters brokerage team, adds Papasso as senior vice president

Newmark Associates has welcomed veteran broker Fred Papasso as a senior vice president and member of its leadership team.