Office
Newmark: Sublet space mounts in North Jersey office market, driving occupancy losses

The northern New Jersey office market continued to weaken in the first quarter, with large availabilities mounting as companies shed excess space and continue to work remotely.

Professional Services
Genova Burns promotes real estate attorney among latest moves

An attorney with Genova Burns LLC’s real estate and land use teams has earned a promotion to counsel, in one of several newly announced moves by the Newark-based law firm.

Industrial
Third-party logistics user leases 6,000 sq. ft. at Ballantine industrial complex in Newark

A logistics firm is taking 6,000 square feet at a sprawling industrial complex in Newark, in a lease arranged by brokers with NAI James E. Hanson.

Roundtable
How has the commercial real estate lending landscape changed from earlier in the pandemic?

How has the commercial real estate lending landscape changed from earlier in the pandemic? We assembled a panel of industry experts to tackle this month’s question.

Residential & Mixed Use
Stakeholders hail start of downtown Newark’s first fully affordable housing development

A development team joined Newark city officials on Wednesday to mark the start of a long-awaited, 66-unit project that will bring affordable housing to the central business district.

Residential & Mixed Use
Kislak touts multifamily asset sales in northern, central New Jersey totaling $49 million

A developer has sold a Somerset County apartment property for $35 million, in the largest of several newly announced deals by The Kislak Co. Inc.

Residential & Mixed Use
Newark: Developer of 270-unit rental tower lands PILOT, plans groundbreaking this year

The developer of a 270-unit apartment tower in Newark is eyeing a groundbreaking later this year after city officials approved a 30-year tax abatement for the project.

Professional Services
MSW announces new hires in litigation, land use groups

Murphy Schiller & Wilkes LLP has expanded its litigation and land use practice groups with its two latest additions.

Technology
Technology can be crucial to health, safety in post-COVID office buildings

With some office workers returning to work in New Jersey, landlords have taken steps to keep them safe and healthy in their buildings. Those steps involve not only physical upgrades and new on-site technology, but the use of apps and digital platforms aimed at keeping employees informed, engaged and connected.

Retail
Newark: Onyx picks Pierson Commercial as retail agent at new-look Gateway

As it continues its overhaul of Newark’s Gateway Center, Onyx Equities has tapped Pierson Commercial as its leasing agent for what will be the complex’s redeveloped retail space.