Government & Public Policy
Murphy signs $14 billion incentive package

Gov. Phil Murphy has signed into law a bill that would create a seven-year, $14 billion package of tax incentives for key businesses and development projects in the state.

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
Kitchen, bathroom fixtures company inks 113,500 sq. ft. at Piscataway buildings, JLL says

A maker of kitchen and bathroom fixtures has leased more than 110,000 square feet across two buildings in Piscataway, under a set of newly announced transactions by JLL.

Retail
Pierson Commercial named leasing agent at 204,000 sq. ft. Hazlet retail center

An investment team has tapped Pierson Commercial as its leasing agent at an upgraded shopping center in Hazlet, as it seeks to lure tenants to a newly dedicated restaurant section.

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
NKF tapped to market Giralda Farms office building

An investment group has picked Newmark Knight Frank as its leasing agent at a well-known office building in Madison, where it’s now marketing 115,000 square feet.

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.