SJP launches new division for third-party development, construction services

SJP Properties has announced the creation of a new division within the firm, formalizing its push to expand its third-party development and construction management business.

PHOTOS: USGBC NJ members’ tour of Panasonic’s Newark headquarters

The U.S. Green Building Council of New Jersey recently hosted a members’ tour of Panasonic Corp. of North America’s state-of-the-art, 340,000-square-foot office tower in Newark.

Q&A: Biggins discusses the success of incentives — and their role going forward

Jay Biggins, the executive managing director of Biggins Lacy Shapiro & Co., is a longtime expert in the field of incentives and has seen the evolution of the New Jersey’s programs firsthand.

Global appeal: Foreign investors see new opportunity in New Jersey

As an investment opportunity, 800 Scudders Mill Road checked just about every box. A state-of-the-art, trophy office complex that was only three years old. A prime location just outside Princeton. And, perhaps most important of all, a net lease with a blue-chip, global pharmaceutical giant, Novo Nordisk Inc., with a longstanding presence in the market.

Panasonic tower put Newark ‘on the radar of international investors’

Far Eastern investors have accounted for most of the high-profile deals over the last year or so, but it was a Middle Eastern platform, KFH Capital Investment Co., that made the biggest splash in the fourth quarter of 2016.

NGKF: Northern, central N.J. office market slowed in Q4

The state’s office market took a step back in the fourth quarter of 2016, according to new industry research, as leasing activity slowed and several large blocks of space hit the market.

CBRE arranges $107M loan for buyer of Panasonic tower

A New York-based commercial mortgage lender was the main source of financing for a Kuwait-based firm’s recent $165 million acquisition of the Newark office tower that is home to Panasonic Corp. of North America.