Transit hub markets speed away from competition

Office buildings within the state’s transit hub market record lower vacancy rates and higher rents compared to suburban spaces, according to JLL’s annual research report. Companies continue to pursue office space in proximity to walkable amenity-rich areas and with access to mass-transit options for their workforces and clients.

JLL: Transit hub office clusters still shine, despite 2017 hiccup

For all of the appeal of having office space near a train station, eight of New Jersey’s best-known “transit hub” submarkets took a collective step back in 2017, although they continue to stand apart from the state’s suburban highway corridors.

Mack-Cali, E-Trade ink 132,000 sq. ft. lease in Jersey City

Mack-Cali Realty Corp. and E-Trade Financial Corp. have completed a lease renewal in Jersey City, where the online brokerage will expand to more than 130,000 square feet.

CBRE: Office sales poised to rebound in New Jersey, despite Q2 slowdown

A flurry of large leases provided a jolt to New Jersey’s office market in the second quarter, but the story was vastly different when it came to investment sales. Fortunately, there are signs of a rebound on the horizon.

SIOR New Jersey honors top office, industrial deals of 2017

Many of the state’s top commercial brokers gathered recently for an annual event hosted by the Society of Industrial and Office Realtors, where the organization recognized some of the Garden State’s top deals of 2017.

Fox Rothschild adds to real estate team in Princeton office

Fox Rothschild LLP has announced a new hire in its New Jersey real estate practice.

Design firm touts new hotel-style amenities at Carnegie Center building (SLIDESHOW)

An architecture firm has channeled the hospitality sector in its redesign of a 140,000-square-foot building within the Carnegie Center office park near Princeton.

Princeton medical building is largest in 1.4 million sq. ft., multistate portfolio sale

A large medical office building near Princeton has changed hands as part of a seven-state, 1.4 million-square-foot portfolio sale announced Tuesday by JLL.

Woodmont, CBRE debut upgrades at Princeton-area office building (SLIDESHOW)

Woodmont Properties has completed an $11 million renovation at a West Windsor office building, where brokers with CBRE are marketing nearly 35,000 square feet.

Marchetta steps down from HMFA, returns to private sector

The longtime head of the New Jersey Housing and Mortgage Finance Agency has stepped down from the post and is preparing to start his own consulting firm.