Top News
Developers, officials unveil plan for $125 million Lionsgate studio complex in Newark

A sprawling studio complex is coming to the former site of a Newark public housing complex, under a $125 million project unveiled Tuesday by its development team and public officials.

Office
Landlords detail sweeping plan to upgrade 141,000 sq. ft. Giralda Farms building

A joint venture has unveiled its multimillion-dollar plan to renovate a piece of the acclaimed Giralda Farms office campus, while tapping JLL to market the 141,000-square-foot property.

Office
SJP, Scotto eye spring groundbreaking for new 120,000 sq. ft. Valley Bank HQ in Morristown

A development team is planning a spring groundbreaking for the new 120,000-square-foot office building in Morristown that will become the headquarters of Valley National Bancorp.

Industrial
Donnelly eyes start of 25,000 sq. ft. warehouse project in Wayne

A construction firm has announced plans for a new 25,000-square-foot industrial building in Wayne, the first of two slated for a site at the western edge of the township.

Retail
New-look Gateway taking shape in Newark, with commitments from eight new restaurants

Eight new restaurants are coming to Newark’s Gateway Center, marking the latest step in a $40 million overhaul of the four-building office complex and its signature concourse.

Government & Public Policy
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Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities.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.  

Editor’s Note
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.

Events
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.

Office
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.

Office
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.