Top News
State officials promise a proactive approach to repurpose Bell Labs campus in Murray Hill

The news that Nokia Bell Labs will build a new research and development hub in downtown New Brunswick — ensuring that it remains in New Jersey — was undoubtedly triumphant. But it was not lost on Gov. Phil Murphy that the company would be leaving its home of more than 80 years in the Murray Hill section of Berkeley Heights and New Providence.

Office
C&W: Nashville-based buyer enters New Jersey market, inks $40 million medical office deal

The Silverman Group has shed more than 130,000 square feet of medical office space in New Jersey, selling a portfolio in Essex and Union counties for more than $40 million.

Residential & Mixed Use
Hudson Atlantic closes $10 million sale of 18-unit New Providence rental property

An investor has acquired an 18-unit luxury apartment property in New Providence for $10 million, in a newly announced deal by Hudson Atlantic Realty.

Office
Avison Young: RWJBH takes 26,000 sq. ft. in New Providence, in one of two new leases

RWJBarnabas Health has signed two new leases that will provide it with additional space in Union and Essex counties, brokers with Avison Young announced Tuesday.

Office
Home remodeler takes 1,600 sq. ft. at New Providence office building, NAI Hanson says

A remodeling and custom home building firm has leased more than 1,600 square feet of office space in New Providence, in a newly announced deal by NAI James E. Hanson.

Finance & Capital Markets
Urstadt Biddle lands $21 million loan for New Providence retail center, Cronheim says

The owner of a 108,000-square-foot, grocery-anchored shopping center in New Providence has secured $21 million in financing for the site, in a deal arranged by Cronheim Mortgage.

Finance & Capital Markets
Cronheim inks $6.5 million loan for New Providence industrial flex building

The owner of a nearly 90,000-square-foot industrial flex building in New Providence has secured $6.5 million in financing, according to brokers with Cronheim Mortgage.

Office
Orthodontist takes 3,400 sq. ft. in New Providence, NAI Hanson says

An orthodontist is opening a new location after signing a 3,400-square-foot lease in downtown New Providence, brokers with NAI James E. Hanson announced Tuesday.

Residential & Mixed Use
JLL marketing 22-acre development site at Linde campus in New Providence

Chemical maker Linde is seeking a buyer for the site of a vacant research building in New Providence, where it has secured approvals for up 297 multifamily units.

Finance & Capital Markets
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.