Office
Large blocks hit New Jersey office market in Q1, outpacing leasing volume as availability grows

The rate of available office space in New Jersey ticked upward in the first quarter, thanks to several large blocks hitting the market and what brokerage firms say was modest leasing activity.

Office
Birch Group, Jefferies ink 60,000 sq. ft. renewal at 101 Hudson in Jersey City, CBRE says

Financial services firm Jefferies has renewed its 60,000-square-foot lease at a well-known Jersey City office tower, in the largest of several newly announced deals by CBRE.

Finance & Capital Markets
Birch Group partnership inks $328 million debt, equity package for 101 Hudson purchase

The buyers of 101 Hudson St. in Jersey City have secured $328 million in debt and equity financing for the 42-story, 1.35 million-square-foot office tower.

Office
Fast-growing Jersey City tech firm shows need, potential for post-pandemic office space

The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.

Editor’s Note
On the money

I’ve spent a decade watching Devco tackle some of the state’s largest, most ambitious redevelopment projects with complex capital stacks and broad coalitions of stakeholders. It’s a topic that we feature in this month’s cover story, which follows a year in which the organization broke ground on more than $1.5 billion worth of development. That makes it all the more timely for us to highlight an operation that is seemingly unlike any other developer in New Jersey.

Office
Mack-Cali selling Jersey City office tower to Birch Group for $380 million

Mack-Cali Realty Corp. has agreed to sell a 42-story, 1.2 million-square-foot office tower in Jersey City to The Birch Group, reportedly for $380 million.

Office
Newmark: Availability grows in North Jersey office market, despite improved outlook

The amount of available office space in New Jersey grew further in the second quarter, despite leases by technology and life sciences tenants and signs of improvement on the horizon.

Office
C&W: Life sciences tech firm inks 32,000 sq. ft. headquarters lease in Jersey City

A technology firm serving the life sciences sector has leased 32,000 square feet of office space in Jersey City, under a newly announced transaction by Cushman & Wakefield.

Office
NKF: New Jersey office market bounces back, gains new ground in 2018

A stronger 2018 helped New Jersey’s office market reverse the losses of the prior two years, Newmark Knight Frank found, thanks in part to healthier demand and leasing in some of the state’s key submarkets.

Office
NKF: Large deals fuel Q2 surge for New Jersey office market

Despite new blocks of space hitting the market, New Jersey saw a long-overdue surge of large office leases in the second quarter — with signs that more are on the way.