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
Hilton Realty buys two-building, 268,000 sq. ft. portfolio in Princeton South Corporate Center

Hilton Realty has expanded its holdings in the Princeton area after acquiring a nearly 268,000-square-foot office complex in Ewing, brokers with JLL announced Wednesday.

Office
C&W: New leases, renewals fuel 90,000 sq. ft. in activity at revitalized 3 Gateway in Newark

Rugby Realty is reaping the benefits of a plan to modernize Newark’s 3 Gateway office tower, where it has inked some 90,000 square feet in recent leasing volume.

Residential & Mixed Use
Newly approved ‘M Lofts’ to bring 150 rentals to Morristown as key development continues

Officials in Morristown have all but cleared the path for a development that would bring 150 new apartments to a long-underused site near the landmark M Station office campus.

Office
Owner of Madison headquarters campus taps JLL, eyes redesign to attract new tenant

A well-known corporate headquarters in Madison is poised for a major update as its owner seeks a new tenant for the 270,000-square-foot property, where it has named JLL as its leasing agent.

Office
Nessel inks new lease, expansion to nearly fill Mount Laurel office complex, WCRE says

Nessel Development has all but filled a Mount Laurel office portfolio after a new lease and an expansion by an existing tenant, in a set of deals arranged by Wolf Commercial Real Estate.

Office
Owner-occupier buys 16,000 sq. ft. Denville office building, C&W says

A private occupier has purchased a nearly 16,000-square-foot office building in downtown Denville, brokers with Cushman & Wakefield announced Thursday.

Government & Public Policy
EDA approves $359 million Aspire award for new residential, commercial tower at New Brunswick’s HELIX campus

A new project that would bring 265 apartments, office and laboratory space and housing for medical students to the emerging HELIX campus in New Brunswick is moving ahead with a newly approved, $359 million tax credit award under the state’s Aspire program.

Sponsored Content
A landlord perspective on alternative retail leases: Not your average retail lease

To avoid the so-called “tail wagging the dog,” rooftop owners can avail themselves of certain strategies in structuring rooftop lease deals to minimize risk. This article touches upon a few strategies, including reserve areas and relocation and recapture rights.

Current Issue
Owners Council Q&A: Lance Bergstein

The market has really ebbed and flowed over the last 12 months. There were spurts of positive progress coupled with deterrents. I think this recent rate cut will help the macro environment but many of the fundamentals have remained the same. As a whole, the country is in an interesting political environment, which is perhaps more impactful to the economy than raw economic data.

Top News
Hackensack office site sold as part of planned affordable housing project, NAI Hanson says

An affordable housing agency has added to a development site in Hackensack with its purchase of a downtown office property, according to a brokerage team with NAI James E. Hanson.