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
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.

Health Care & Education
XBL Realty sells 44,000 sq. ft. life sciences building in Plainsboro, C&W says

Cushman & Wakefield has negotiated the sale of a 44,400-square-foot life sciences building in Plainsboro, the brokerage team announced Thursday.

Office
Eastman, court reporting agency sign 20,000 sq. ft. renewal in Livingston, CBRE says

A court reporting agency has renewed its lease of more than 20,000 square feet at a Livingston office building, in the largest of several newly announced deals by CBRE.

Office
Pharma, life sciences users leading New Jersey office leasing in 2022, JLL finds

From leasing to new construction, pharmaceutical and life sciences firms remained a leading force in New Jersey’s commercial real estate market through the first three quarters of 2022.

Office
Bergman touts TOBY awards for Rochelle Park office building, senior property manager

The Building Owners and Managers Association recently honored Bergman Real Estate Group for its efforts at a recently updated, 65,000-square-foot office building in Rochelle Park.

Technology
Connell, Brightcore debut 9,200 new solar panels at The Park in Berkeley Heights

The Connell Co. has unveiled a collection of more than 9,000 solar panels at its flagship campus in Berkeley Heights, the latest addition to the 185-acre property known as The Park.

Roundtable
What are we still learning about Hurricane Sandy’s impact on commercial real estate?

What are we still learning about Hurricane Sandy’s impact on commercial real estate? We assembled a panel of industry experts to tackle this month’s question.

Office
NAI Fennelly inks 29,000 sq. ft. in third-quarter office deals

Colliers Engineering has renewed its nearly 9,000-square-foot lease in Hamilton, in one of several third-quarter deals brokered by NAI Fennelly.

Office
Colliers: Investor buys 159,000 sq. ft. Florham Park office campus for $13 million

An investment firm has purchased a nearly 160,000-square-foot office campus in Florham Park for $13.26 million, according to a brokerage team with Colliers.

Office
IT consulting firm takes 9,700 sq. ft. at Jersey City office building, C&W says

An IT consulting and talent management firm has leased nearly 9,700 square feet at 10 Exchange Place in Jersey City, brokers with Cushman & Wakefield announced.