Office
Merck spinoff taking 110,000 sq. ft. at Goldman Sachs tower in Jersey City

A new Merck & Co. spinoff is moving to the Goldman Sachs tower in Jersey City, where it’s reportedly set to occupy 110,000 square feet for its global headquarters.

Government & Public Policy
Murphy names new EDA board chair amid ongoing calls for reform

Gov. Phil Murphy has named a new board chair of the Economic Development Authority, tapping a fellow former Goldman Sachs executive as part of his plan to overhaul the agency.

Office
NKF: New Jersey office leasing hits two-year high for absorption

New Jersey’s office market is riding high from a series of blockbuster leases over the summer, recording its highest quarterly increase in net absorption in two years.

Top News
Building boom, condo tower put Jersey City on the map in skyscraper study

The development boom along the Hudson waterfront has put Jersey City in rare company, making it one of only 18 U.S. cities with at least five skyscrapers. That’s according to a recent study of high-rise architecture by Yardi Matrix, a commercial real estate research and data platform, which also found that Jersey City currently has the fourth-tallest building under construction in the U.S. That project, 99 Hudson, is a 79-story luxury condominium tower that is slated to rise 889 feet when it opens next year.

Retail
Triple Five completes $1.1 billion bond sale needed to reboot American Dream

The developer of the American Dream project in the Meadowlands has assembled the nearly $3 billion financing package needed to complete the massive retail and entertainment complex, allowing it to resume construction and look ahead to a March 2019 opening.

Retail
Triple Five secures $1.67 billion construction loan for American Dream project

The developer of the American Dream project in the Meadowlands has closed on $1.67 billion in private financing, allowing it to “aggressively move forward” with construction after months of delays at the notoriously stalled retail and entertainment complex.

Professional Services
Former Goldman VP joins REDCOM sales team

REDCOM Design & Construction LLC has bolstered its sales team with the addition of a former Goldman Sachs vice president.

Office
Reinventing J.C. waterfront is key to office leasing, panel says

Demand for Class A office space is surging along the Hudson waterfront. But commercial landlords in Jersey City are anything but satisfied.

Residential & Mixed Use
JLL seeking office tenants for historic Newark building

The development team that is restoring the former Hahne & Co. building in Newark has hired JLL to market the remaining office space in the soon-to-be-transformed landmark.