Professional Services
New Jersey brokers to co-lead new Avison Young life sciences group

Avison Young has launched a new international practice focused on life sciences, tapping two of its New Jersey-based brokers as co-leaders of the specialty group.

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Transit hub markets speed away from competition

Office buildings within the state’s transit hub market record lower vacancy rates and higher rents compared to suburban spaces, according to JLL’s annual research report. Companies continue to pursue office space in proximity to walkable amenity-rich areas and with access to mass-transit options for their workforces and clients.

Office
JLL: Transit hub office clusters still shine, despite 2017 hiccup

For all of the appeal of having office space near a train station, eight of New Jersey’s best-known “transit hub” submarkets took a collective step back in 2017, although they continue to stand apart from the state’s suburban highway corridors.

Office
Mack-Cali: New deals on the horizon for waterfront, suburbs as building overhauls continue

After a lackluster end to 2017, executives with Mack-Cali Realty Corp. say leasing activity is poised for a rebound in its Hudson waterfront and suburban office buildings.

Professional Services
Engineering firm announces new HQ in Woodbridge

KEA Engineers is moving its headquarters in Woodbridge, with plans to occupy 12,400 square feet in the township’s Metropark section.

Office
Report: Leasing slowdown could yield opportunity, stable rents for N.J. office tenants

Tenant brokers with Savills Studley are touting an opportunity for office users in 2018, amid last year’s slowdown in leasing volume and growing availabilities in the state’s top submarkets.

Office
Mack-Cali to subsidize Uber rides at Metropark buildings

Mack-Cali Realty Corp. will subsidize Uber rides to and from its suburban Metropark office buildings, under a newly announced partnership with the ridesharing company aimed at creating additional convenience at the properties.

Office
Mack-Cali details $50 million upgrades at office buildings in northern, central N.J.

Mack-Cali Realty Corp. has offered a glimpse at $50 million in upgrades it’s planning at a dozen suburban office buildings in the Parsippany, Short Hills, Metropark and Red Bank submarkets.

Office
JLL report shows continued gaps in rents, vacancy between N.J. transit hubs and suburbs

Suburban office landlords who spruce up their buildings have seen tenants come calling, but continue to trail those offering space in urban locations and those served by mass transit.

Professional Services
With growth plans in sight, Colliers opens third N.J. office

Colliers International Group has opened a new location in Middlesex County as part of an expansion in the state that the firm says will only continue.