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
Karafiol, longtime Onyx executive, joins JLL agency team in New Jersey

A key executive with Onyx Equities has returned to brokerage, joining JLL as an executive vice president with the firm’s New Jersey team.

Professional Services
Hilton Realty taps Fennelly to market Princeton-area office, retail buildings for lease

Hilton Realty has picked Fennelly Associates as its leasing team for three prominent commercial properties in and around Princeton.

Office
Fidelco adds to tenant roster at 550 Broad in Newark, in lease with historic nonprofit

Fidelco Realty Group has brought another tenant to a well-known office tower in downtown Newark, inking a lease with a nonprofit that has served the city for nearly a century.

Office
Joint venture buys 101,000 sq. ft. Princeton-area office building, JLL says

An investment group has purchased a nearly 101,000-square-foot office building some five miles from downtown Princeton, in a newly announced deal by JLL.

Health Care & Education
Atkins buys Washington Twp. medical office building for $14 million

Atkins Cos. has expanded its medical office portfolio with the addition of more than 70,000 square feet in Gloucester County, brokers with Avison Young announced Tuesday.

Events
IOREBA panel conveys optimism, pragmatism amid market uncertainty (SLIDESHOW)

Speaking at IOREBA’s annual Developers Night, a panel of industry leaders offered both optimism and assuredness, but also frustration about a market that is still fundamentally strong in many respects but grinding along in the face of economic headwinds.

Deals
Self-storage developer buys Totowa office building, plans conversion

A developer has purchased a nearly 96,000-square-foot office building in Totowa that it now plans to convert to self-storage space, in a newly announced deal by The Blau & Berg Co.

Professional Services
Kislak sees opportunity in market uncertainty, backed by deep ties and decades of service

Leaders of The Kislak Co. Inc. see a resilient market and sustained demand from property investors in 2023 — despite a short-term slowdown amid rising borrowing costs — arguing that buyers and sellers will still find value in multifamily and commercial assets.

Professional Services
PS&S opens new office in Cherry Hill, its longtime South Jersey home

PS&S has opened the doors to its new office in Cherry Hill, where it will continue to serve longtime clients in southern New Jersey and the Delaware Valley.

Events
From the publisher: Join us June 7 for The Newark Redevelopment Update

Real Estate NJ is going to have a seminar on June 7 at NJIT regarding Newark and its revitalization. Newark means a lot to me. I grew up in Maplewood and took the bus with my friends to downtown Newark to hang out on Broad Street. We would go into Bamberger’s, Hahne’s, S. Klein on the square, etc. After the riots of 1967 Newark changed dramatically and has still not recovered from the stigma of that event. Over the last 15 years I have spent a lot of time in Newark in philanthropic endeavors and have been disappointed that Newark has not made the progress in revitalization that I had hoped it would.