JLL: Life sciences still strong in New Jersey amid new office, manufacturing needs

Life sciences companies remain a leading driver of commercial real estate in New Jersey, accounting for more than a third of all office leases during the first half of 2023 and fueling a pipeline of deals for lab and manufacturing space.

New amenities, programming fuel leasing interest at Onyx-owned campus in Parsippany

Onyx Equities is touting more than 190,000 square feet of recent leasing activity in Parsippany, following a $15 million renovation of a five-building office campus.

NAIDB: Middlesex, Union counties stand out as rising rates weigh on N.J. investment sales

Middlesex and Union counties emerged as key focal points for commercial real estate investors in the first half of 2023, accounting for some $700 million in sales through midyear.

Proposed office-to-warehouse site in Parsippany on the market as owner seeks project approval

The site of a vacant office building in Parsippany — one that could be redeveloped as more than 100,000 square feet of new warehouse space — is on the market for sale.

NJ Transit, Onyx detail 407,000 sq. ft. lease for agency’s new headquarters in Newark

NJ Transit and Onyx Equities have revealed new details about their 25-year lease in downtown Newark, where the agency will occupy some 407,000 square feet for its new headquarters.

Onyx, NJ Transit ink 407,000 sq. ft. lease at Newark’s Gateway, boosting Q2 office market

Onyx Equities has completed a deal to bring NJ Transit to Newark’s Gateway complex, where the agency has committed to more than 400,000 square feet under a high-profile office lease.

VIDEO: The Newark Redevelopment Update

Watch the full presentation from our June 7 seminar, where the developers and insiders behind Newark’s most important commercial real estate projects debated the long-held opportunities and challenges in New Jersey’s largest city.

New amenities, programming fuel leasing interest at Onyx-owned campus in Parsippany

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Panel: Newark remains a land of opportunity for housing, business — despite long-term hurdles

Optimism is nothing new in Newark, with its rich transportation network, cultural institutions and key anchors in business, health care and academia. But the city still struggles with poverty, education challenges and other barriers that have kept it from blossoming alongside places such as Jersey City, Hoboken and other urban markets, despite billions of dollars in new investment. Panelists said as much last week during Real Estate NJ’s Newark Redevelopment Update, as they debated those challenges and how to unlock the city’s long-held potential.

Onyx rebrands Merck campus in Kenilworth, plans full marketing push at BIO conference

Onyx Equities has revealed new details of its plan for the 2 million-square-foot former Merck & Co. campus in Kenilworth, as it prepares a broad campaign to attract life sciences and biotechnology firms seeking both turnkey space and new ground-up facilities.