Current Issue
Finding new life: Young pharma, biotech firms offer second chance for New Jersey’s legacy R&D space

A growing pipeline of young life sciences firms has offered a second chance for New Jersey’s stock of legacy laboratory space. In the process, the ventures have served as anchors for developers seeking to repopulate large, vacant pharmaceutical campuses with turnkey laboratories.

Office
N.J. office market shows upside, reports say, despite tepid leasing

Leasing volume in New Jersey’s office market has trended downward since last year, but observers are finding reasons to be optimistic heading into the spring.

Office
Two-building Morristown campus sells for $35 million, CBRE says

A joint venture has sold a two-building, 230,000-square-foot office campus in Morristown for $35 million, in a transaction arranged by brokers with CBRE.

Office
Repositioned office campus in Bridgewater sells for $46 million

An investment firm has sold a Bridgewater office campus for $46 million, nearly double the amount it paid for the property in 2015 before launching a series of upgrades.

Office
Saxum names new director of leasing

Saxum Real Estate has hired a new director of leasing for its growing roster of downtown commercial buildings.

Retail
Bergen County retail building trades for $1.75 million, CBRE says

CBRE has arranged the $1.75 million sale of a single-story, 3,700-square-foot retail property in downtown Wyckoff.

Industrial
CBRE industrial broker earns top national honors for 2017

A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.

Retail
CBRE brokers sale of Chase portfolio in Montclair

JPMorgan Chase & Co. has sold three properties in Montclair for a combined $4 million, in a recent transaction arranged by brokers with CBRE.

Industrial
Advance, Greek buy 350-acre industrial tract in Linden

Advance Realty and Greek Development have partnered once again, acquiring a 350-acre site in Linden that they say is now primed to become a large industrial park.

Industrial
Growing online grocery sales will boost N.J. cold storage market, report says

As one of the nation’s top 10 markets for cold storage space, New Jersey is poised to benefit from what experts say will be the continued growth of online grocery sales.