Cover Story
Redevelopment of ‘white elephant’ in Parsippany is moving ahead, anchored by plans for downtown-style shopping and dining
Four years after acquiring a defunct office complex in Parsippany, Stanbery Development Co. is on a clearer path toward fulfilling its plans for a high-end, downtown-style destination at the 17-acre site, which includes about five acres in neighboring Hanover. Known as The District at 1515, the project calls for 100,000 square feet of retail space, 441 residential units and a hotel.
Insiders: New Jersey has only scratched the surface in co-working, flex office space sector
The country’s largest cluster of co-working and flexible office space is only just across the Hudson River, but the fast-growing industry is still largely absent from New Jersey. Experts say that is due to change — and it’s only a matter of time.
Investor demand still strong in New Jersey as buyers seek safety, certainty in commercial real estate
With 2019 underway, competition among commercial real estate investors has only intensified in New Jersey, largely around properties that offer some level of safety in the later stages of the economic expansion.The Garden State is by no means alone in that regard, but brokers and other experts say they expect demand to stay robust in the near term, citing everything from Wall Street volatility to the continued arrival of buyers from other markets.
Bergman has spent three decades creating value, opportunity in New Jersey’s office market
Bergman Real Estate Group has stayed true to its core objective of creating value in New Jersey’s office market — but the firm has also evolved in how it reaches that goal, in a state whose buildings are now showing their age.
Developers, consultants weigh the future of New Jersey’s landmark site remediation program
A decade after a landmark law that changed the landscape of environmental cleanups in the state, stakeholders are now mulling how to improve New Jersey’s site remediation program while navigating other proposed changes by policymakers.
