Office
Parsippany office building trades for $4.9 million, CBRE says

An investor has purchased an 85,000-square-foot office building in Parsippany for $4.9 million, under a deal arranged by CBRE.

Office
Valley Bank, CSG each take nearly 120,000 sq. ft. as office leasing rebounds, Newmark says

Office leasing in northern New Jersey hit a two-year high at the end of 2021, thanks in part to large-scale deals by prominent banking and law firm tenants in the state.

Office
Larken, health care provider complete 12,000 sq. ft. renewal in Parsippany

Larken Associates has negotiated a lease renewal with Saint Clare’s Health for 11,824 square feet of medical office space in Parsippany.

Roundtable
What will be a major environmental or sustainability concern for property owners in 2022?

What will be a major environmental or sustainability concern for property owners in 2022? We assembled a panel of industry experts to tackle this month’s question.

Professional Spotlight
Sax LLP

Sax’s Real Estate Practice works hand-in-hand with owners, developers, operators, property managers, landlords, investors, family-owned companies and privately-held funds to reach their business objectives. Those we serve are industry professionals that are not just looking for an average accountant, but rather a partner in their business lifecycle, strategic decisions and long-term goals.

Finance & Capital Markets
C&W: Birch Group lands $31 million acquisition loan for Parsippany office building

The Birch Group has secured more than $31 million in financing for its purchase of a nearly 266,000-square-foot office building in Parsippany, in a deal arranged by Cushman & Wakefield.

Top News
CBRE: Pipeline for office conversions on the rise in New Jersey, exceeding 8.6 million sq. ft.

Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.

Professional Services
H2M details recent hires, promotions in New Jersey offices

H2M architects + engineers has announced a series of recent hires and promotions across its New Jersey offices.

Roundtable
Amid continued uncertainty in the market, how should office landlords and tenants approach lease renewals in 2022?

Amid continued uncertainty in the market, how should office landlords and tenants approach lease renewals in 2022? We assembled a panel of industry experts to tackle this month’s question.

Office
Overhaul coming to Parsippany office building, with full-building availability on the horizon

The owner of a 175,000-square-foot office building in Parsippany has unveiled plans for a major overhaul of the property, as it looks ahead to the return of tenants after the pandemic.