Top News

Office
Teva, P3 Properties complete 345,000 sq. ft. lease in Parsippany, JLL says

New Jersey’s largest office lease of the year to date is official. Brokers with JLL this week announced the completion of Teva Pharmaceuticals USA Inc.’s 345,000-square-foot lease at 400 Interpace Pkwy. in Parsippany, known as MCCBLUE, under a deal with P3 Properties.

Office
SJP launches new division for third-party development, construction services

SJP Properties has announced the creation of a new division within the firm, formalizing its push to expand its third-party development and construction management business.

Residential & Mixed Use
New 185-unit Englewood property hits leasing milestone

Developers are touting the response to a new luxury rental complex in downtown Englewood, where they have leased more than a third of its 185 units in just about six weeks.

Government & Public Policy
A fond farewell: Lizura reflects on 22 years with EDA, prepares for what comes next

Tim Lizura is now considering his next step after 22 years with Economic Development Authority, where he had become a fixture in New Jersey’s commercial real estate sector and a key player in the effort to revive cities such as Newark, Camden and New Brunswick.

Industrial
CBRE: New Jersey logistics space ranks nationally, globally in top-tier rent growth

Owners of high-end industrial space are riding a wave of rent growth — nationally and globally — and landlords in New Jersey are among the biggest winners. That’s according to new research from CBRE, which found that rents for top-tier space in the Garden State grew 9.5 percent, to $8.26 per square foot, in the year ending March 31. That year-over-year growth ranked third among U.S. submarkets, behind only Oakland and Seattle, and seventh worldwide.

Residential & Mixed Use
Condo building opens in Newark’s Lincoln Park section

A developer has completed a new 18-unit condominium project in Newark, joining city officials on Thursday to open the doors to the building.

Government & Public Policy
Rutgers study seeks to unravel debate over rental units and school children

A new study is shedding new light on a widespread, age-old debate between developers and local governments in New Jersey: Do new apartments mean new school-age children? According to the findings, the answer depends on several key factors.

Residential & Mixed Use
Roseland launches leasing at 295-unit project, its latest at Port Imperial

Roseland Residential Trust is set to unveil nearly 300 new upscale apartments in Weehawken, the latest addition to the 200-acre Port Imperial development along the Hudson River.

Residential & Mixed Use
Developer announces rebrand, growing multifamily pipeline

With a growing pipeline, a Central Jersey developer is rebranding. Quantum Real Estate Group announced Wednesday that it will now go by Forte Real Estate Development.

Office
Walters details plans for new office building in Ocean County

Walters Homes is expanding its corporate footprint in Ocean County, with plans to open a new office building in Ship Bottom that will bring four of its divisions under one roof.