Editor’s Note
Healthy competition

It’s hard to believe that more than two years have passed since we launched Real Estate NJ with what I felt was a compelling cover story: Foreign investors were making a splash in New Jersey and paying impressive prices for properties across the state. That trend has seemingly slowed since then, at least when it comes to high-profile deals involving trophy properties. But the good news is that New Jersey is still drawing investors from beyond the state — whether it’s New York, Chicago or the West Coast — who are entering the market for the first time.

Office
Buyer wanted for Newark office tower, NKF says

The owner of a well-known, 18-story office tower in Newark has tapped Newmark Knight Frank to market the property for sale.

Office
C&W: Ricoh takes 56,000 sq. ft. at upgraded Parsippany office building

Electronics and printer products maker Ricoh USA is moving to a revamped office building in Parsippany, under a nearly 56,000-square-foot lease announced by Cushman & Wakefield.

Office
Bergman has spent three decades creating value, opportunity in New Jersey’s office market

Bergman Real Estate Group has stayed true to its core objective of creating value in New Jersey’s office market — but the firm has also evolved in how it reaches that goal, in a state whose buildings are now showing their age.

Office
KBS inks 17,900 sq. ft. in leasing at Woodbridge office complex

Four tenants have signed leases at a six-building office complex in Woodbridge, where KBS is in the midst of a series of upgrades.

Professional Services
NKF announces new hires in New Jersey financial reporting group

Newmark Knight Frank has bolstered its valuation and advisory practice in New Jersey with two of its newest hires.

Office
Law firm takes 34,000 sq. ft. for new HQ in Cranford, NKF says

A global law firm is leasing nearly 35,000 square feet in Cranford as part of a relocation from its longtime headquarters, in a transaction announced Thursday by Newmark Knight Frank.

Office
NKF: Joint venture sells 197,000 sq. ft. office building in Parsippany

A nearly 200,000-square-foot office building in Parsippany has changed hands among well-known landlords, following a sale arranged by Newmark Knight Frank.

Office
NKF: New Jersey office market bounces back, gains new ground in 2018

A stronger 2018 helped New Jersey’s office market reverse the losses of the prior two years, Newmark Knight Frank found, thanks in part to healthier demand and leasing in some of the state’s key submarkets.

Retail
RKF named leasing agent for Maxwell’s in Hoboken

The owner of a landmark music venue and restaurant in Hoboken has hired RKF to market the property to prospective new tenants.