Office
Accordia Realty Ventures details new office, retail deals in Essex and Bergen counties

Accordia Realty Ventures has announced several new leases and renewals at office buildings in northern New Jersey, part of a flurry of year-end activity for the Fairfield-based firm.

Office
Veris under contract to sell Harborside 5, its final office building, for $85 million

Veris Residential Inc. is on the verge of shedding its one remaining office building, a nearly 1 million-square-foot tower in Jersey City that is under contract to sell for $85 million.

Retail
Three tenants sign leases at new 8,200 sq. ft. retail center in Warren, CBRE says

Signature Acquisitions has leased up nearly 8,200 square feet of new retail space near Interstate 78 in Warren, in a series of transactions arranged by CBRE.

Industrial
Deugen sells new 48,000 sq. ft. warehouse in East Rutherford after successful redevelopment

Deugen Development has sold a nearly 48,000-square-foot industrial building in East Rutherford, in the culmination of a redevelopment plan that began less than three years ago.

Residential & Mixed Use
Buyer wanted for Hoboken development site approved for 60 luxury rentals, CBRE says

A development site in Hoboken is on the market for sale with approvals in place for a seven-story, 60-unit luxury apartment building with street-level retail space.

Events
An uneven recovery? NAIOP panelists see different paths for different asset types in 2024

The state’s industrial and office sectors both faced headwinds in 2023, but the year ahead for each asset class may be decidedly different. That was a key takeaway last week from panelists at NAIOP New Jersey’s Annual Meeting and Commercial Real Estate Outlook, who noted that demand for warehouse and logistics space has normalized after a record-breaking run during the pandemic. Office landlords, meantime, are still grappling with shrinking corporate footprints and remote work policies, further straining submarkets that are both aging and oversupplied.

Professional Services
CBRE adds industrial specialist Shoemaker to focus on multimarket clients

Industrial broker Stephen Shoemaker has joined CBRE as a senior vice president, with a focus on multimarket occupiers in the asset class.

Industrial
Roca Tile moving to Edison under 80,000 sq. ft. lease with Wick Cos., CBRE says

A designer tile company has leased more than 80,000 square feet at an Edison industrial building, in a newly announced transaction by CBRE.

Office
New Jersey office market ‘poised for better times’ after strong Q4, as flight to quality continues, reports say

A recent spike in leasing demand has boosted New Jersey’s office market to start the year, even as large blocks remain available amid corporate downsizing and concerns about the economy.

Community
Iron Hill golf outing raises $382,000 in 2023, its 20th year supporting military veterans, families

Nearly two dozen organizations supporting veterans, military personnel and their families are benefiting this year with the help of a golf outing that recently marked its 20th year, drawing broad support from companies across the state’s commercial real estate sector.