Top News

Biotech startup commits to former Roche campus in Nutley, reports say

A biotech firm has reportedly opted to move its headquarters from Brooklyn to a piece of the former Hoffmann-LaRoche campus in Nutley, following the approval of a $32.3 million state tax credit aimed at luring the company to New Jersey.

Professional Services

Architecture firm completes redesign of county college media center

A library at the Essex County College campus in Newark is reopening this month as a modern media center and student lounge, following a project designed by an area architecture firm.

Industrial

Saddleback moving headquarters to Fairfield

A developer is doubling down on the Fairfield industrial market, announcing plans to move its headquarters there amid a growing effort to build its portfolio in the area.

Industrial

Exit 8A: The top 10 industrial leases during Q2, according to JLL

The Exit 8A submarket continues to thrive in the state’s industrial sector, according to JLL, accounting for more than half of the leasing activity in northern and central New Jersey during the second quarter.

Government & Public Policy

Growing life sciences firms, Big Pharma giant offered EDA incentives

State officials have approved tax credits meant to help three pharmaceutical firms grow the industry’s footprint in New Jersey, while also dangling a nearly $40 million incentive to keep a global life sciences giant from pulling its U.S. headquarters out of the state.

Retail

Advance, DeBartolo set to begin Ledgewood Mall redevelopment

Developers have secured the local approvals needed to begin “de-malling” a mall in western Morris County, paving the way for them to reposition it as a new open-air shopping center.

Professional Services

The Goldstein Group forms unit focused on mixed-use, urban retail

The Goldstein Group has launched a new division to offer retail leasing and advisory services to urban mixed-use property owners, developers and managers in the region.

Residential & Mixed Use

Bridgeton rental community slated for $18.7 million rehab

A multifamily developer has kicked off an $18.7 million rehab of a 156-unit property in Bridgeton, where it aims to modernize the community and expand services for residents.

Industrial

Garden State drawing more industrial tenants from NYC boroughs

Companies from Brooklyn and New York City’s other outer boroughs are increasingly taking industrial space in New Jersey, brokers say, whether they are expanding beyond their original business locations or looking for a new home altogether. The trend is adding to the already surging demand in the market for warehouse and distribution space in the Garden State.

Office

New ownership, renovations drive leasing at Meadowlands office building

Bergman Real Estate Group has inked more than 30 leases at a Lyndhurst office building since acquiring it last year, driving up occupancy at the 120,000-square-foot property.