With 2020 underway, owners of New Jersey office buildings are closely watching Trenton to see if the state will pass new tax incentives to attract employers. That’s one of the key issues and trends likely to drive the office market this year, according to interviews with brokers and landlords. In fact, observers say the fate of tax incentives will have more impact on New Jersey’s office market than the presidential election.
CBRE inks $123 million sale of Hackensack office campus, touts year-end flurry
A joint venture has sold a well-known office complex in Hackensack for $123 million, in the largest of four year-end investment sales in New Jersey by CBRE’s institutional properties team.
Garibaldi: Investment, asset manager takes 11,000 sq. ft. for new Chatham headquarters
An investment and asset management firm has moved its headquarters to Chatham, where it leases nearly 11,000 square feet as part of a transaction brokered by The Garibaldi Group.
MDC plans upgrades at 102,000 sq. ft. office building in Woodland Park
Mountain Development Corp. has announced plans to overhaul one of three buildings in a well-known office campus along Interstate 80.
Developers lease up West Windsor office building, market ground-up project next door
A joint venture has leased up the first of two buildings at a ground-up office project in West Windsor, as it now markets a second that will include about 38,000 square feet.
DiLeo-Bram: Chemical maker takes 20,000 sq. ft. at New Providence R&D building
A specialty chemical maker has leased more than 20,000 square feet in New Providence, under a newly announced transaction by NAI DiLeo-Bram & Co.
Ware Malcomb touts completion of high-profile office project in Roseland (SLIDESHOW)
For anyone who hasn’t visited 56 at Roseland, a newly repurposed, amenity-rich office campus in suburban Essex County, its architect is offering a look inside. Design firm Ware Malcomb recently touted the completion of the project at 56 Livingston Ave. in Roseland, where it worked on behalf of Mountain Development Corp.
NKF: New Providence office, R&D building trades for $23 million
Mountain Development Corp. has sold a multitenant, 171,216-square-foot office and research building in New Providence, in a deal arranged by Newmark Knight Frank.
MDC, Bukiet sell Clark office building for $10.5 million
A joint venture has sold an office building in Clark after three years of ownership, fetching more than $10.5 million for the recently upgraded, 76,000-square-foot property.
ULI highlights top New Jersey CRE projects, industry leaders at awards dinner
The Urban Land Institute honored a dozen commercial real estate projects and industry leaders last week as part of an annual awards dinner hosted by its northern New Jersey chapter.
