Untethered work: What’s driving office change

Both employers and employees affirm that remote workers can be successful, but it’s still debatable about what the changes mean for commercial real estate, and the office sector in particular.

Developer of 600-unit PARQ project in Parsippany eyes start of site work, demolition

A developer is set to begin demolition at the longtime site of an office park in Parsippany, paving the way for a plan to bring 600 apartments and townhomes to a swath of the property.

Manulife sells 415-unit New Brunswick rental property for $173 million, CBRE says

A global asset manager has sold 415 luxury apartments in downtown New Brunswick for nearly $175 million, under a newly announced deal by CBRE.

NJBA installs Bovino as president among new slate of board officers

The New Jersey Builders Association has installed a longtime member and 36-year veteran of the homebuilding industry as its 69th board president.

Michael Graves Architecture acquires Maryland-based design firm

Princeton-based Michael Graves Architecture & Design has expanded its service lines and its geographic footprint with the acquisition of a Maryland-based practice.

WCRE named leasing agent at redesigned Cherry Hill retail, professional complex

The new owner of a retail and office complex in Cherry Hill has appointed Wolf Commercial Real Estate as its leasing agent at the site.

JLL: Hartz sells 136,000 sq. ft. Jersey City office building for $48 million, in deal with AEP

Hartz Mountain Industries has sold a 136,000-square-foot office building in Jersey City to American Equity Partners, in a newly announced transaction by JLL.

State issues new call for bids on 300-acre Fort Monmouth site linked to Netflix

A state agency is once again seeking offers for nearly 300 acres at Fort Monmouth, as it looks to bring another high-profile anchor to the historic former Army base.

NJ Transit seeks to ramp up role of real estate, development office, DOT chief says

State officials are seeking to “provide a stronger response” to developers looking to build around NJ Transit’s rail and bus stations, hoping to jumpstart a plan to monetize the agency’s vast but underutilized real estate portfolio.

Scotch Plains issues RFQ for long-awaited, mixed-use downtown redevelopment

Scotch Plains has kicked off its search for a developer that can bring new commercial, residential and civic spaces to its downtown, under a long-discussed plan by the municipality.