Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs

Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.  

Outside the box

By and large, it’s been a decade of good news for New Jersey industrial’s sector. I’m certainly thankful for the steady stream of updates on deals and developments up and down the state, especially in a pandemic that has threatened other asset classes. That can also present a challenge as we look to keep our content fresh, nuanced and informative in an area that has been so consistent.

United Way honors Gateway team, JLL’s Greiner at annual fundraiser

The state’s commercial real estate sector renewed its support of the United Way of Northern New Jersey, raising more than $250,000 in a program that showcased plans to transform Newark’s flagship office complex, while recognizing a top broker with JLL.

Investment firm continues push into New Jersey suburbs, eyes return to high-end office buildings

With nearly a dozen acquisitions and more than $750 million in combined investment — all since spring 2018 — The Birch Group is exceedingly bullish on northern New Jersey’s office market and the expected return to work in top-tier locations.

SJP, Scotto top out first of two buildings at M Station project in Morristown

The first phase of a new high-end office and retail development in downtown Morristown is on track to open later this year after recently reaching a construction milestone.

Mack-Cali sells 843,000 sq. ft. Short Hills office portfolio to Birch Group for $255 million

Mack-Cali Realty Corp. has sold four office buildings in Short Hills for $255 million, in a deal that marks another addition to the buyer’s fast-growing portfolio in New Jersey.

Announcing NAIOP New Jersey’s annual gala honorees

It’s always exciting when NAIOP New Jersey unveils the honorees at its annual gala, a must-attend event in the state’s commercial real estate industry. Slated for later in the calendar, on Oct. 7, in hopes that we can all actually gather in person, this year’s program is headlined by Peter D. Sudler of Sudler Cos. and the talented team at Gensler, who will receive the association’s Impact Awards.

Florham Park headquarters, life sciences building sold for $47 million

An investment firm has sold a corporate headquarters and life sciences building in Florham Park for nearly $47 million, under a transaction announced Wednesday by CBRE.

Design, construction technology holds great promise for those who can embrace it

A host of new technologies and other innovations are poised to transform the design and construction industry, experts say, but come with hurdles tied to adoption and integration.

ON3: Prism eyes groundbreaking for preleased, 80,000 sq. ft. medical office building

Prism Capital Partners is preparing to start construction on a new preleased, 80,000-square-foot medical office building in Clifton, the latest addition to its flagship ON3 campus.