Office
Nokia Bell Labs tower set to rise in downtown New Brunswick as executives, officials break ground on new 370,000 sq. ft. facility

The steel frame of a new landmark tower for Nokia Bell Labs will be visible in downtown New Brunswick as soon as next spring, with construction well underway on a facility that will be the technology giant’s home for decades to come.

Office
Plymouth Rock takes 11,000 sq. ft. at Mount Laurel office building, NAI Mertz says

Plymouth Rock Assurance has taken more than 11,000 square feet at a Mount Laurel office building, brokers with NAI Mertz announced Thursday.

Residential & Mixed Use
JLL tapped to arrange sale of 126-bed Rutgers student housing portfolio in New Brunswick

The owner of a two-building, 126-bed student housing portfolio near Rutgers University in New Brunswick has hired JLL to market the properties for sale.

Industrial
Crow Holdings eyes third Philly project after acquiring site for 104,000 sq. ft. warehouse

Crow Holdings Development has acquired a parcel in Philadelphia with full approvals in place for nearly 104,000 square feet of new high-end logistics space.

Technology
JLL: Banking, AI fueling continued growth of New Jersey data center market, despite hurdles

Despite rising energy costs and major capacity shortfalls, New Jersey continues to draw interest as a destination for new data center development.

Industrial
Reports: Hampshire, Invesco sell Teterboro warehouse for $75 million in deal with Principal

Principal Real Estate Investors has acquired a more than 221,000-square-foot warehouse in Teterboro for nearly $75 million, according to published reports this week.

Office
JLL tapped to sell 47,000 sq. ft. creative office building in downtown Jersey City

A loft-style, boutique office building in Jersey City is on the market for sale, providing what brokers say is a stable rent roll with coveted space for small and midsized users.

Residential & Mixed Use
JLL: Denholtz seeking buyer for fully approved high-end condo parcel in Sea Bright

Denholtz is looking to sell a shovel-ready development site in Sea Bright that would allow for 15 luxury condominiums along the Shrewsbury River, according to a listing team with JLL.

Featured
Going global: Inside the growth of Asian logistics firms in New Jersey’s industrial market

Asia-based third-party logistics firms have played an increasingly important role in New Jersey’s industrial sector, creating new demand and helping to fill excess inventory after a recent surge in speculative construction. How those firms will be impacted by outsized tariffs and the U.S. trade war with China remains to seen, but developers are optimistic about what is now an established class of tenants.

Finance & Capital Markets
Kaplan refis 200-unit Helmetta property with $38 million Nuveen loan, JLL says

Kaplan Cos. has closed on more than $38 million in financing for a 200-unit apartment and townhome property in Helmetta, according to a debt placement team with JLL.