Professional Services
Colliers touts five promotions in New Jersey

Colliers International has made five promotions within its New Jersey brokerage team.

Editor’s Note
Breaking through

As you’ll read in this month’s cover story, Stanbery Development Co. has spent more than four years navigating local politics and state regulations in its quest to redevelop a vacant office complex in Parsippany. But the firm is now on a path toward fulfilling its vision, which calls for a mixed-use, downtown-style development anchored by high-end restaurants and retail.

Office
NKF: Life sciences deals in Florham Park, Bridgewater lead Q1 office leasing

Two life sciences companies have taken a combined 215,000 square feet in Morris and Somerset counties, accounting for New Jersey’s largest new office leases during a positive first quarter.

Events
NAIOP reveals deal of the year finalists for upcoming gala

NAIOP New Jersey has announced the finalists for its coveted Deal of the Year awards, highlighting six of the state’s most impactful projects and transactions of 2018.

Office
Repositioned Parsippany office building fetches $66 million

A buyer has paid $66 million to acquire a 400,127-square-foot office building in Parsippany, the site of a well-known effort to renovate and transition the property to a multitenant asset.

Office
C&W: Ricoh takes 56,000 sq. ft. at upgraded Parsippany office building

Electronics and printer products maker Ricoh USA is moving to a revamped office building in Parsippany, under a nearly 56,000-square-foot lease announced by Cushman & Wakefield.

Office
Bergman has spent three decades creating value, opportunity in New Jersey’s office market

Bergman Real Estate Group has stayed true to its core objective of creating value in New Jersey’s office market — but the firm has also evolved in how it reaches that goal, in a state whose buildings are now showing their age.

Retail
Urgent care set to join Parsippany retail development, takes 4,300 sq. ft.

An urgent care chain is slated to make its debut in New Jersey after signing a nearly 4,300-square-foot lease at a new 150,150-square-foot shopping center in Parsippany.

Office
NKF: Joint venture sells 197,000 sq. ft. office building in Parsippany

A nearly 200,000-square-foot office building in Parsippany has changed hands among well-known landlords, following a sale arranged by Newmark Knight Frank.

Industrial
Colliers: Interest remains high, but options still scarce in New Jersey industrial market

A lack of new supply in New Jersey’s industrial market led to a year-end slowdown in leasing — despite high demand — setting up another year of robust activity for newly built warehouse and logistics space.