Government & Public Policy
Murphy unveils $190 million renovation plan for Newark Penn Station

State officials have unveiled plans for a $190 million overhaul of Newark Penn Station, drawing cheers from the developer that is transforming the landmark Gateway office complex nearby.

Office
Tenant interest in ‘hub-and-spoke’ model brings added focus to state’s new-look office stock

A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.

Office
Onyx-led group seals purchase of 10-building Morris County portfolio from Mack-Cali

A joint venture led by Onyx Equities has closed on its $158 million purchase of a 10-building, 1.5 million-square-foot office portfolio in Parsippany and Madison from Mack-Cali Realty Corp.

Office
Mack-Cali still focused on selling suburban portfolio, leasing waterfront, acting CEO says

Mack-Cali Realty Corp. will largely stay the course for now, its interim CEO said this week, with a continued focus on selling its suburban office buildings and stabilizing its waterfront portfolio as it searches for a permanent chief executive.

Office
Onyx unveils guidelines, protocols for reopening office buildings

Onyx Equities is set to reopen its office buildings this week after developing guidelines in consultation with health care, environmental and design experts.

Residential & Mixed Use
C&W inks sale of Woodbridge redevelopment site to Russo, Onyx

Russo Development and Onyx Equities have closed on a 21-acre parcel in Woodbridge, clearing the way for a project that will add 376 apartments and new retail space to the township.

Government & Public Policy
Murphy taps developers, industry leaders economic recovery council

Gov. Phil Murphy has tapped more than three dozen development executives, labor leaders and other industry professionals as part of a new council to help restart New Jersey’s economy.

Office
McCarter extends 117,000 sq. ft. lease at Newark’s Gateway complex, Onyx says

One of the state’s largest law firms has extended its nearly 120,000-square-foot lease at Newark’s Gateway complex, whose ownership is planning a sweeping upgrade and expansion.

Office
JLL: Law firms extend, lease 34,000 sq. ft. at One Gateway in Newark

Two law firms have extended their lease at Newark’s Gateway complex, thanks in large part to a recently launched, high-profile transformation of the landmark office buildings.

Office
Onyx, DRA tap NKF as leasing agent at 500,000 sq. ft. office campus in Paramus

Onyx Equities and DRA Advisors have picked Newmark Knight Frank as their leasing agent for a newly repositioned, two-building office campus in Paramus.