Onyx Equities has expanded its portfolio outside New Jersey, acquiring a 1.2 million-square-foot industrial complex about six miles north of Bergen County.
Having started my commercial real estate career in Newark, New Jersey in the late 1980s, I’ve had a front row seat to the evolution of The Brick City, and specifically the strides taken by the community toward enhancing the soul of the downtown area. What was once a city centered largely around Newark Penn station, the region has experienced new growth, particularly northward and westward toward the Broad Street corridor. Additionally, while improvements over the past two decades were slow, but steady, the past five years have seen a more intense ramp up in activity.
In a time when investors have reaped windfalls from upgraded office buildings in New Jersey, CBRE’s capital markets team has been on the front lines — spearheading a host of high-profile deals involving newly stabilized, Class A buildings in the state.
A joint venture has sold a two-building, 304,000-square-foot office complex in Paramus after acquiring it in 2016 and completing more than $3 million worth of upgrades.
Somerset Development has inked more than a dozen new office leases at Bell Works, the massive mixed-use campus at the former site of the Bell Labs complex in Holmdel.
We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say. Edwin H. Cohen, principal partner, Prism Capital Partners (Bloomfield) Without a doubt, life sciences has emerged as a dominant sector fueling New…
Teva Pharmaceuticals isn’t the only life sciences company to impact New Jersey’s office market this year, as several others have inked sizable leases to expand or upgrade their space.
An investor has acquired a 108,000-square-foot office building in Rochelle Park, marking the second sale of the property in less than a year.
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.
Onyx Equities is planning everything from an expansive dining area to a game room to a gym that will rival a high-end fitness club — all part of a project at 340 Mount Kemble Ave. in Morristown. They will be part of a long list of amenities at the 400,000-square-foot complex, which the firm acquired in 2016 and plans to reposition for new tenants.