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.

Office
Valley Bank unveils new 120,000 sq. ft. headquarters in downtown Morristown

Valley Bank has taken the wraps off its new 120,000-square-foot headquarters in Morristown, the product of a high-profile redevelopment in the heart of the downtown.

People
Sanzari promotes Schleer to vice president of construction

Alfred Sanzari Enterprises has promoted longtime team member John Schleer to vice president of construction, the Teaneck-based firm announced.

Office
Eastman, RWJBarnabas ink 12,000 sq. ft. office lease in Livingston, CBRE says

Eastman Cos. and RWJBarnabas Health have signed a long-term lease for nearly 12,000 square feet of office space in Livingston, brokers with CBRE announced Monday.

Office
Six office tenants lease 22,000 sq. ft. at 30 Montgomery in Jersey City, C&W says

Six tenants have combined to lease nearly 22,000 square feet at an office building in downtown Jersey City, in a series of recent deals arranged by Cushman & Wakefield.

Photos
Tulfra welcomes hundreds for annual ‘Octulfrafest’ event in Rochelle Park (SLIDESHOW)

A throng of real estate professionals converged on Rochelle Park recently for Octulfrafest, Tulfra Real Estate’s annual mash-up of business networking and German-themed revelry.

Office
Honeywell renews 40,000 sq. ft. office lease in Hamilton, Fennelly says

Honeywell International Inc. has renewed a 40,000-square-foot lease at a Hamilton office campus, in a newly announced deal by Fennelly Associates.

Current Issue
Owners Council Q&A: Sam Morreale

The market is greatly divided today between corporations that are making major investments in new facilities to attract and retain employees in a still-to-be-determined “back to work” versus “hybrid employment” environment. The remaining part of the market is indecision of corporations on utilization of their current office footprints versus the potential of downsizing due to a work at home component. Decisions also need to be made for improvements on an existing facility, whether it be to potentially right-size or relocate to a more modern and amenitized facility consistent with the employer leaders mentioned earlier.

Events
Newark Summit to highlight opportunity, innovation as city’s development boom continues

Dozens of business and civic leaders will take the stage in early December for the inaugural Newark Summit, where they’ll discuss the wave of investment and placemaking initiatives in the state’s largest city, in an event that is slated to draw more than 750 attendees.

Office
A.Y. Strauss takes 11,000 sq. ft. at Eastman-owned campus in Livingston, CBRE says

Boutique law firm A.Y. Strauss has leased nearly 11,000 square feet of office space in Livingston, brokers with CBRE announced Monday.

Office
CBRE: New Jersey office demand slumps in Q3 despite bursts in Hudson waterfront, Princeton

Office leasing in northern and central New Jersey slowed in the third quarter, a report by CBRE found, as tenants grappled with economic headwinds despite some bright spots in the market.