The state has approved nine locations at which technology or life sciences startups can apply for rent support grants that would help them move into incubators, accelerators or co-working spaces, including some of New Jersey’s largest redevelopment projects.
With newest lease, Bell Works hits 1 million sq. ft. milestone
Somerset Development has reached a new milestone at its landmark Bell Works project in Holmdel, surpassing more than 1 million square feet of leasing activity for office space at the repositioned former Bell Labs campus.
Bell Works set to welcome 15 new office tenants
Somerset Development has inked more than a dozen new office leases at Bell Works, the massive mixed-use campus at the former site of the Bell Labs complex in Holmdel.
Garibaldi plans rebrand, expanded focus as it marks its centennial
As The Garibaldi Group prepares for its 100-year anniversary, the firm is making a push to recast itself and expand the services it provides to the commercial real estate industry — including a major rebrand that it will unveil this fall, new strategic hires and a continued push into the tech sector, one that was largely sparked by its experience at Bell Works.
Metaphorically speaking
As you’ll read in this month’s cover story, Vision Real Estate has thrived with what it describes as “an assembly line mentality” for transforming old corporate campuses, with the right mix of creativity and capital and a full-service, in-house team that has landed some of the state’s most coveted tenants. It’s now building on that track record with other high-profile projects in Morris County and a growing list of value-add investments across northern and central New Jersey.
Matawan office building trades for $19.75 million, CBRE says
A partnership led by Denholtz Associates has sold a nearly 134,000-square-foot office building in Matawan for $19.75 million, according to brokers with CBRE who completed the deal.
Bell Works names operator for rooftop hotel, conference space
Somerset Development has tapped an international hospitality brand as its operator for a planned rooftop hotel at Bell Works, the landmark mixed-use complex in Holmdel.
Sabre announces new principal in New Jersey
A retail broker at Sabre Real Estate Group has earned a promotion to principal in the firm’s New Jersey office.
Incentive program enters final year, drawing concern from CRE sector
With the Grow New Jersey program set to expire in less than a year, the prospect of losing the incentive is already weighing heavily on the state’s commercial real estate market.
National fitness studio chain joins Bell Works retail
A boutique fitness studio has joined the tenant mix at Bell Works in Holmdel, leasing more than 2,000 square feet within the complex’s indoor pedestrian plaza.
