Top News

Office
Mack-Cali details portfolio makeover, with $745M in sales and $500M in acquisitions

With a goal of reshaping its footprint as a “totally class A portfolio,” Mack-Cali Realty Corp. has sold more than 35 of its office buildings since the start of 2016, the company said, reaping more than $700 million from properties that it deemed nonstrategic or underperforming.

Office
C&W: Mack-Cali acquires Red Bank campus for $26M, while selling elsewhere

Mack-Cali Realty Corp. has acquired three office buildings in Red Bank for $26 million while selling a property in Bridgewater, in separate transactions arranged by Cushman & Wakefield.

Office
Massive solar panel skylight coming to Bell Works

Somerset Development has started construction on what will be the latest distinctive piece of its vast Bell Works complex in Holmdel: the largest photovoltaic glass skylight in the United States.

Professional Services
Snow business: When winter strikes, many top N.J. property owners call on this firm

Lawns by Yorkshire is one of the largest businesses in the state when it comes to snow removal, with a book of business that includes more than 250 acres of parking lots across commercial and residential properties.

Office
Saxum grows portfolio with two downtown acquisitions

A development and investment firm has made new acquisitions in Middlesex and Morris counties, its latest under a recently launched fund for repositioning downtown commercial sites.

Retail
Dave & Buster’s coming to Woodbridge, mayor says

Woodbridge Mayor John McCormac announced that Dave & Buster’s will open a location this November at the Woodbridge Center mall. Construction is set to begin this month on the 34,000-square-foot store, which will occupy an upper level formerly used by Sears, now that retailers in the space have been relocated within the mall.

Residential & Mixed Use
A bird’s-eye view of Journal Squared (VIDEO)

Leasing is set to begin at the mixed-use, potentially transformative development known as Journal Squared, but you don’t need a tour to see the Jersey City tower up close.

Finance & Capital Markets
HFF: Revamp coming to Burlington County warehouse

The new owner of a 305,250-square-foot warehouse in Mount Laurel is repositioning the property, with the help of $10 million in financing arranged by brokers with HFF.

Health Care & Education
REIT taps WCRE to market South Jersey medical office space

An owner has tapped Wolf Commercial Real Estate to oversee leasing for more than 400,000 square feet of medical office space in Moorestown and Washington Township, the firm said.

Finance & Capital Markets
CBRE: Mack-Cali sells 820K sq. ft. Parkway office portfolio for $87M

Mack-Cali Realty Corp. has sold an eight-building office portfolio in Cranford and Clark, in an $87 million sale brokered by CBRE Group.