Top News

Health Care & Education
CBRE: Growth of pharma, biotech firms offers bright future for R&D space in N.J.

Despite years of consolidation by Big Pharma, New Jersey is one of a handful of markets that stand to gain from a promising growth trajectory for the U.S. life sciences sector.

Professional Services
Kipcon inks new affiliation with fellow engineering firm

Kipcon Inc. has entered into a new affiliation with a longtime peer in the civil and structural engineering field, the North Brunswick-based firm said last week.

Industrial
Heller touts 4 million sq. ft. in 2017 activity

A distributor of industrial products has leased 90,000 square feet in Edison, in one of nearly three dozen transactions that helped Heller Industrial Parks maintain full occupancy in 2017.

Residential & Mixed Use
Investor pays $150 million for 896-unit Plainsboro apartment complex (UPDATED)

Another real estate investment firm has made its first foray into New Jersey, acquiring a nearly 900-unit garden apartment complex in Plainsboro.

Office
Mack-Cali to subsidize Uber rides at Metropark buildings

Mack-Cali Realty Corp. will subsidize Uber rides to and from its suburban Metropark office buildings, under a newly announced partnership with the ridesharing company aimed at creating additional convenience at the properties.

Finance & Capital Markets
Northern New Jersey’s top 10 industrial sales of 2017, according to RCA

At least for 2017, industrial became the new darling of institutional investors. Here are the top 10 industrial sales in New Jersey of 2017, according to Real Capital Analytics.

People
Hanson to be honored as part of 2017 New Jersey Hall of Fame class

Commercial real estate magnate Jon F. Hanson will be among more than a dozen new inductees this year for the New Jersey Hall of Fame.

Office
NKF picked to market upgraded office building in Bridgewater

The owner of a Bridgewater office building has hired Newmark Knight Frank as its leasing agent, as it continues a series of upgrades at the nearly 200,000-square-foot property.

Retail
Onyx touts upgrades, leasing at 285,000 sq. ft. Woodbridge complex

Onyx Equities LLC has launched a multimillion-dollar renovation at a 285,000-square-foot shopping center in Woodbridge, where it has inked more than 100,000 square feet in new leases and renewals over the past year.

Retail
New indoor skydiving center nearing completion in Paramus

This spring, an indoor skydiving company is set to complete construction of its first New Jersey location, offering customers timed packages of flight time that mimics the feeling of free-fall skydiving, but safely indoors in an air-conditioned environment. The new location at 211 Route 4 will be among more than 60 in 14 countries for the operator, iFLY Indoor Skydiving.