Top News

Office
Inside Mack-Cali’s suburban overhaul: REIT unveils office upgrades (SLIDESHOW)

Mack-Cali Realty Corp. has completed a sweeping overhaul of its key suburban office portfolio, following more than $50 million in redesigns and renovations at buildings in the Parsippany, Short Hills, Metropark and Red Bank submarkets.

Residential & Mixed Use
Russo, Dinallo debut loft-style rentals at historic Verona flag factory

Russo Development and Dinallo Construction Corp. have completed their rehabilitation of a onetime flag factory in Verona, delivering 52 new loft-style apartments alongside a newly built, 60-unit sister building next door.

Policy Page
Capital, rising rents and motivated investors lead to favorable CRE outlook

Recent surveys show support for the notion that the fundamentals underpinning commercial real estate will be stronger in 12 months than they are today. This is thanks in part to the belief that rents will rise and the idea that the benefits of the new federal tax law, including the Opportunity Zone program, will bring capital off of the sidelines.

Office
NKF: Office upgrades yielding quantifiable benefits in occupancy, rent growth in New Jersey

Landlords that have renovated and refreshed New Jersey’s aging office stock can now point to the benefits, with a new report showing significantly stronger absorption and rent growth at upgraded buildings.

Office
Quest details plans for 250,000 sq. ft. ‘flagship’ lab project in Clifton

Quest Diagnostics has taken the wraps off its plans at the ON3 campus in Nutley and Clifton, where it will build a 250,000-square-foot flagship laboratory facility that will become the largest in its portfolio.

Industrial
Hampshire sells revamped Totowa industrial building for $51 million, HFF says

The Hampshire Cos. has sold a newly delivered industrial complex in Totowa for $51 million, brokers with HFF announced Tuesday, following a project that called for retrofitting and expanding a former life sciences building off Route 46.

Professional Services
NAI Hanson treasurer marks 50 years with real estate services firm

The longtime treasurer at NAI James E. Hanson is marking her golden anniversary at the company, where she has served under three generations of family ownership.

Residential & Mixed Use
Maplewood rental community achieves WELL certification

JMF Properties has achieved a coveted certification focused on health and wellness for its new mixed-use residential and retail building in downtown Maplewood.

Residential & Mixed Use
Developers, property managers hail successes at recent NJAA awards

The state’s booming multifamily sector has been on display in recent weeks as developers and property managers celebrate their newest awards from the New Jersey Apartment Association.

Residential & Mixed Use
Elizabeth site slated for new residential development

A developer has closed on a former brownfield site in Elizabeth, paving the way for a mixed-use project that will include nearly 50 new homes.