Insiders see growing (but measured) demand for new, more targeted state incentive program

With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.

Starting anew

The debate over New Jersey’s corporate incentive programs has been well-chronicled in recent years, but regardless of where you fall on the issue, there’s no denying their influence on the state’s commercial real estate market. That influence was all but gone for two years after Grow New Jersey and other subsidy programs were allowed to expire in summer 2019, with no immediate replacements in sight until Gov. Phil Murphy and lawmakers agreed on new incentives late last year. The state is now putting those offerings to work, starting with the jobs-based Emerge program that will fill the void left by Grow New Jersey.

Connell blends co-working, social club in latest addition to flagship Berkeley Heights campus

The Connell Co. has unveiled a new flexible workspace and social club at The Park, its flagship 185-acre business campus in Berkeley Heights, where members have access to everything from fine dining and evening bar service to personal trainers and fitness classes.

Fiserv to open 400,000 sq. ft. fintech hub in Berkeley Heights, with $109 million incentive

Fiserv Inc. has announced plans to lease more than 400,000 square feet for a new financial technology hub in Berkeley Heights, following the state’s approval of a seven-year, $109 million tax credit to encourage it to bring nearly 2,000 jobs to New Jersey.

Connell debuts bike share program at sprawling Berkeley Heights business campus

The Connell Co. has launched a new bike share program at its flagship business campus in Berkeley Heights, the latest piece of its plan to revamp the 185-acre property.

Connell secures rezoning, eyes start of mixed-use project at iconic Berkeley Heights campus

Local officials have approved the rezoning of The Connell Co.’s 185-acre business campus in Berkeley Heights, paving the way for new apartments, retail and entertainment venues alongside the property’s existing office and hospitality buildings.

Connell announces three additions to culinary team at Berkeley Heights campus

The Connell Co. has unveiled three key additions to the culinary team at its sprawling business and hospitality campus along Interstate 78 in Union County.

NAI DiLeo-Bram touts sale of 6,200 sq. ft. office building in Union County

A medical practice has purchased a nearly 6,200-square-foot office building in Berkeley Heights, under a newly completed transaction by NAI DiLeo-Bram & Co.

JLL inks $9 million loan for owners of 78,000 sq. ft. industrial building

An investment group has landed a $9 million loan for a recently acquired industrial building in Berkeley Heights, in a newly completed transaction by JLL.

Connell looks to build community hub, workplace of the future at Berkeley Heights office park

Connell Real Estate & Development Co., the developer and longtime owner of Connell Corporate Park in Berkeley Heights, is in the midst of a sweeping, $400 million improvement and expansion of the 185-acre property, one that will create new apartments, restaurants, entertainment and urban-style park space by 2023.