A new approach to housing policy where everyone wins

As New Jersey’s gubernatorial race heats up, housing remains a critical issue. Everyone agrees that we need more market-rate and affordable housing to meet demand, and there is also a consensus that housing prices in New Jersey are too high. But what can the government do differently to address these issues? Policymakers and our next governor need to acknowledge that current government policies are exacerbating these problems, not solving them.

Pierson Commercial named agent for restaurant, liquor license in downtown South Orange

The owner of a restaurant and liquor license in downtown South Orange has tapped Pierson Commercial to market the property for sale or lease.

Inspired by Somerset Development buys 277,000 sq. ft. Commvault headquarters in Tinton Falls, plans new Bell Works-style facility

Inspired by Somerset Development has acquired the Tinton Falls headquarters of cybersecurity firm Commvault, with plans to repurpose the building as a new phase of its landmark Bell Works campus in nearby Holmdel.

Tantleff sworn in for second term as NJBA chair, joining six fellow board members

The New Jersey Builders Association has installed Debra Tantleff as its chair for a second term, as it prepares for the rollout of the state’s new affordable housing law and other key policies.

Onyx, PCCP sell revitalized 439,000 sq. ft. office building near Morristown, C&W says

Onyx Equities and PCCP have sold a 439,000-square-foot office building outside Morristown — reportedly for $118.5 million — following nearly a decade of ownership and an ambitious plan to rejuvenate the property.

Greek Real Estate Partners’ Schlindwein installed as NAIOP New Jersey president

NAIOP New Jersey has welcomed its new board for the next two years, with Greek Real Estate Partners’ Matt Schlindwein taking the helm as president of the commercial real estate development association.

Newmark team sees strength ahead after closing $1.1 billion in industrial sales in 2024

Newmark is hailing a banner year and strong momentum for its Rutherford-based industrial capital markets team, following several high-profile deals and some $1.1 billion in total transaction volume.

Onyx, Cushman tout lease-up of new-look 350,000 sq. ft. office building in Paramus

Onyx Equities has leased up a 350,000-square-foot office building in Paramus, following a renovation that began in 2020 and a marketing push led by Cushman & Wakefield.

Seagis eyes summer delivery for new 167,000 sq. ft. Teterboro warehouse, CBRE says

Construction is underway on a project that will bring nearly 167,000 square feet of new industrial space to Teterboro, as CBRE markets the property to prospective tenants.

Resource Realty of NNJ inks $155 million in lease, sale activity across 85 deals in 2024

Resource Realty of Northern New Jersey is gearing up for a strong 2025, following a year in which it recorded nearly $155 million in leasing and sales activity in the region.