A joint venture has sold a well-known office complex in Hackensack for $123 million, in the largest of four year-end investment sales in New Jersey by CBRE’s institutional properties team.
The owner of a newly renovated, 250,000-square-foot office building in Woodcliff Lake has appointed CBRE as its leasing agent, the real estate services firm announced Monday.
Major tenants and occupiers are now taking a closer look at agile real estate offering nimble, dynamic layouts in which employees can float from one type of a work area to another or move seamlessly between office locations. That means developers and landlords should be following suit if they plan on staying competitive in a quickly changing office sector.
The owners of a well-known office complex in Hackensack have made $15 million in upgrades, driving more than 100,000 square feet in leasing activity over the past 18 months.
A joint venture has sold two Clifton office buildings for more than $13 million after a recent series of interior upgrades, Avison Young announced Monday.