Schotz joins Newmark Knight Frank to lead agency services in New Jersey

Jeff Schotz, one of the state’s best-known leasing executives, is returning to brokerage as the new head of Newmark Knight Frank’s agency leasing team in New Jersey.

NKF: New Providence office, R&D building trades for $23 million

Mountain Development Corp. has sold a multitenant, 171,216-square-foot office and research building in New Providence, in a deal arranged by Newmark Knight Frank.

NKF: Fund makes first U.S. acquisition with $17 million office deal

An international real estate fund has made its first investment in the U.S., acquiring a Roseland office building from Normandy Real Estate Partners, in a $17.2 million deal arranged by Newmark Knight Frank.

Denholtz, MB1 sell L’Oréal R&D headquarters complex for $16 million

Denholtz Associates has sold the 108,000-square-foot headquarters of L’Oréal’s North American R&D division in Clark, in a nearly $16 million deal arranged by Newmark Knight Frank.

NAIOP honors new hall of fame class, CRE industry leaders

A crowd of nearly 400 turned out Monday night as NAIOP New Jersey inducted three commercial real estate leaders into its hall of fame, while honoring a longtime state government leader and three key industry professionals.

NKF inks sales of Bayonne retail center, Marlton office building

Investors have paid a combined $11 million for a Bayonne shopping center and a Marlton office building, in separate deals announced Friday by Newmark Knight Frank.

Amenities, upgrades yield new leases at Freehold office park, NKF says

A landlord’s overhaul of a Freehold office complex is paying dividends, brokers with Newmark Knight Frank announced, touting nearly 90,000 square feet in recent leasing volume.

Big-box industrial deals pile up in Q3

New Jersey industrial landlords have inked a flurry of big-box leases in recent months, Cushman & Wakefield said, driving nearly 9 million square feet of deal volume during the third quarter.

NKF: New Jersey office leasing hits two-year high for absorption

New Jersey’s office market is riding high from a series of blockbuster leases over the summer, recording its highest quarterly increase in net absorption in two years.

Global pharma firm inks 117,000 sq. ft. lease in Bridgewater

A pharmaceutical company has leased 117,000 square feet at a Bridgewater office building, whose owner is planning a major renovation to transform and modernize the property.