A joint venture has acquired 1, 2 and 4 Gateway Center in Newark, bringing 1.6 million square feet of office space under a common ownership and paving the way for a sweeping, multimillion-dollar plan to modernize the complex’s concourse and streetscape.
A joint venture announced that it has acquired 1, 2 and 4 Gateway Center, allowing it to consolidate ownership of 1.6 million square feet of office space. Onyx Equities LLC is part of that group and is now spearheading the effort to modernize the network of pathways, part of a high-profile effort to overhaul the complex.
Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no longer considered usable by modern standards.
Onyx Equities LLC will take over management, leasing and construction oversight of One Gateway Center in Newark, with plans to reposition the well-known office tower along McCarter Highway.
A joint venture has sold a two-building, 230,000-square-foot office campus in Morristown for $35 million, in a transaction arranged by brokers with CBRE.
Officers of IOREBA joined panelists at the dais for the organization’s annual Developer Night, which drew hundreds of industry leaders to the Teaneck Marriott at Glenpointe. — Courtesy: William Neumann Photography By Joshua Burd Sellers of high-end office and industrial…
Onyx Equities LLC has launched a multimillion-dollar renovation at a 285,000-square-foot shopping center in Woodbridge, where it has inked more than 100,000 square feet in new leases and renewals over the past year.
Cushman & Wakefield has added more than 9 million square feet in recent months to its property management portfolio in New Jersey, while bolstering the team that oversees the service line.
A joint venture has added to its office portfolio in Bergen County, acquiring four buildings spanning nearly 850,000 square feet from Mack-Cali Realty Corp.
Stephen Sullivan recalls standing across the street from 30 Montgomery around 2014, as he and other Onyx executives looked up at the 15-story building in downtown Jersey City. It was time to make a decision on the future of the 313,000-square-foot tower.