Page 3 - Issue 45 Sept2020

4
10 22
24 27
29
The Briefing
AIG sells 471,000 sq. ft. Metropark office building for
$140 million, plus other top stories in commercial real estate
Deal Sheet
A roundup of CRE leases, sales and financing
Policy Page
Taking the temperature of New Jersey’s economy and commercial real estate sector
People on the Move
New hires and executive moves
Project Updates
Kokes eyes groundbreaking for Riverside rental project, as redevelopment of historic mill site moves ahead
Roundtable
What is a lesser-known need, issue or concern when preparing for a post-COVID workplace?
ON THE COVER: David Sanzari (left), CEO and president of Alfred Sanzari Enterprises, and Ryan Sanzari, chief
operating officer, stand outside the firm’s headquarters at its Court Plaza complex in Hackensack. The father and son represent the second and third generations of leadership at the 75-year-old commercial real estate firm. — Photo by Aaron Houston for Real Estate NJ
REALESTATENJTM 1
CONTENTS
SEPTEMBER 2020
Features
12 On Display
Tenant interest in ‘hub-and-spoke’ model brings
added focus to New Jersey’s new-look office stock
16 The Long View
Banking giant inks 20-year, 150,000 sq. ft. renewal in Jersey City, as landlord launches $10 million building upgrade
18 Family Values
Sanzari drawing on 75 years of stability,
relationships to guide tenants through COVID crisis
20 Staying Connected How CBRE webinar
series became a pandemic staple — and a valuable tool going forward
Departments