Vacancy in the northern New Jersey office market grew for four straight quarters in 2020, even as a handful of industries showed the ability to withstand the effects of pandemic.
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.
The first piece of a long-awaited research, business and retail campus in downtown New Brunswick is slated to break ground next summer after securing commitments from four of the state’s largest institutions in health care and higher education.
Somerset Development has unveiled its plan to reopen its flagship Bell Works complex in Holmdel, providing a roadmap for office and retail tenants that were forced to leave as the COVID-19 crisis escalated in early spring.
After decades of consolidation by Big Pharma, demand for modern lab and diagnostic space in New Jersey is on the rise, fueling rent growth and pushing some developers to consider new laboratory projects.
New Jersey’s office market saw two major leases and a pair of blockbuster sales in the first quarter, headlining an active start to the year before the onset of the coronavirus crisis.
A new medical office building has opened its doors in suburban Essex County, allowing for the expansion of services at the adjacent Mountainside Medical Center and cementing a new investment opportunity for the development team behind the project.
A development team has broken ground on a long-awaited medical office building on the border of Montclair and Glen Ridge, with the goal of expanding the footprint and services of the nearby Mountainside Medical Center.
Prism Capital Partners has launched nearly $10 million in roadway and utility upgrades at the former Hoffmann-LaRoche campus in Nutley and Clifton, as it prepares to welcome new tenants to the 116-acre redevelopment site.
Investors have paid $8.6 million to acquire a nearly 50,000-square-foot office building in Monmouth County, according to executives with CBRE and Weiss Realty Inc.
