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IN THE MOMENT: Miles Berger honored at Downtown New Jersey conference

Miles Berger, CEO of Berger Organization in Newark, was honored recently as an Individual of Excellence by Downtown New Jersey in recognition of his leadership and dedication to downtown development.

Office
Other N.J. cities forge ahead, file bids for Amazon HQ2

Several other cities in New Jersey have filed their bids to become the home of Amazon’s second headquarters, despite the state throwing its official support behind Newark earlier this week.

Government & Public Policy
Christie: Newark is ‘the only location for Amazon here in the state of New Jersey’ (VIDEO)

As the state prepares to submit its official bid later this week, Gov. Chris Christie has declared Newark “the clear winner” of the competition among several New Jersey municipalities that have expressed hopes of landing the coveted Amazon HQ2 project.

Current Issue
Can tech firms, startups fuel job growth and new office requirements in New Jersey?

In a market that has been hurt by densification and lackluster job growth, many of the state’s largest office leases in recent years have been tied to tenants looking to consolidate and upgrade their space. But technology and information firms have been a rare source of expansion in New Jersey, fueling new space needs that are about more than just a flight to quality.

Making sure the Garden State can grow its technology sector is a matter of creating the right environment and promoting what the state can offer in the way of labor, education and accessibility. Experts say it’s also up to landlords to ensure that they provide the space that tech users are looking for.

Office
At Ironside Newark, Edison Properties seeks to attract modern tenants by tapping into history

Blending the past with the future is one of the main principles behind Edison Properties’ $80 million plan to convert a well-known, 107-year-old warehouse along McCarter Highway in Newark into state-of-the-art, loft-style office space.

Professional Services
Sills Cummis promotes three attorneys

A commercial real estate attorney with Sills Cummis & Gross P.C. is among three practitioners to be promoted recently by the Newark-based firm.

Office
Berger touts full occupancy at three Newark office buildings

Upgrades to Newark’s Military Park and a growing demand for downtown office space have helped push three city office buildings to full occupancy, according to the owner of the properties.

Finance & Capital Markets
Mixed-use portfolio in Newark secures $3.7 million bridge loan, Procida says

Procida Funding has closed a $3.66 million bridge loan secured by a four-building, mixed-use portfolio across the street from Rutgers University in downtown Newark, the firm announced.

Office
Cleaning service hires executive to lead N.J. office

OpenWorks, a nationwide provider of franchise commercial cleaning services, has hired a former pharmaceutical sales executive to lead its new office in New Jersey.

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.