Professional Spotlight
Langan announces six promotions in New Jersey offices

Langan has elevated six members of its leadership team in New Jersey as part of a recent slew of promotions across the engineering and environmental services firm.

Office
Mack-Cali sells 155,000 sq. ft. office building in Parsippany

Mack-Cali Realty Corp. has sold another Parsippany office building, this time for nearly $13 million, as it continues its exit from New Jersey’s suburban markets.

Office
Printing equipment maker inks 34,000 sq. ft. lease, moves headquarters to Parsippany

A global printing equipment company has moved its North American headquarters to Parsippany, where it’s leasing nearly 35,000 square feet as part of a newly announced transaction by Avison Young.

Professional Services
Langan adds to consulting team in Parsippany, Westchester offices

Langan has made two additions to its tristate consulting team, including a new hire in its Parsippany office.

Industrial
Turnbridge, Harbor Group sell Parsippany industrial building for $85 million

A joint venture has sold a Parsippany industrial building for more than $85 million, marking the culmination of a two-year investment and turnaround for the 550,000-square-foot property.

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
Bank, co-working firm ink leases as JLL is named agent at Parsippany office buildings

An investment group has picked JLL to market five newly acquired office buildings in Parsippany, where the team has closed two new leases totaling nearly 57,000 square feet.

Office
The best of the best: Report highlights leasing, rental advantage for renovated office buildings

In a region where more than half of the office buildings were built before 1990, so-called Class A space may no longer signify the highest tier of the market.

Finance & Capital Markets
Meridian touts $277 million refi for apartment, retail portfolio in Morris and Camden counties

A multifamily and retail owner has refinanced four New Jersey properties for more than $275 million, in a series of recent transactions by Meridian Capital Group.

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.