New Jersey needs turnkey lab space, faster approvals to compete for life sciences users

Experts say New Jersey faces a growing challenge: While it’s still a major draw for pharmaceutical research and development, speed to market has become increasingly important to life sciences users. That means the state’s lack of move-in-ready lab space — and its lengthy approval process for new construction — puts it at a disadvantage to competing markets.

BRC inks 40,000 sq. ft. industrial lease in New Brunswick

An industrial user has taken 40,000 square feet in New Brunswick, under a newly announced transaction by Bussel Realty Corp.

BRC: Manufacturer takes 23,000 sq. ft. at New Brunswick industrial building

A paper bag manufacturer has leased 23,000 square feet of industrial space in New Brunswick, under a deal arranged by Bussel Realty Corp.

Mack-Cali sells New Brunswick rental property for $47 million

Mack-Cali Realty Corp. has announced the sale of two luxury multifamily properties, including a 200-unit complex in New Brunswick that changed hands for $47 million.

‘The Hub’ in New Brunswick eyes groundbreaking with higher ed, health care partners in tow

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.

Tenant interest in ‘hub-and-spoke’ model brings added focus to state’s new-look office stock

A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.

Pennrose hits 70 percent leased milestone at New Brunswick apartment tower

A new 207-unit luxury apartment tower in downtown New Brunswick is more than two-thirds leased after a recent flurry of activity by renters.

JLL: Development site for sale along New Brunswick business, academic corridor

The owner of a 36-acre development site in New Brunswick is seeking a buyer, with brokers touting its location along Route 1 and its proximity to New Jersey’s three largest employers.

Devco’s Paladino named to energy company board of directors

New Brunswick Development Corp. President Christopher Paladino has landed a seat on the board of a prominent New Jersey-based energy company.

JLL secures $12 million credit facility for apartment owner

The owner of four multifamily properties in the region has landed a $12 million credit facility, under a transaction arranged by JLL’s Morristown-based capital markets team.