A crowd of more than 300 turned out Monday, Jan. 22, for NAIOP New Jersey’s annual meeting and commercial real estate outlook event.
Mack-Cali Realty Corp. has offered a glimpse at $50 million in upgrades it’s planning at a dozen suburban office buildings in the Parsippany, Short Hills, Metropark and Red Bank submarkets.
The Blau & Berg Co. has promoted one of its longtime members to principal and senior director.
We assembled a panel of industry experts to tackle this month’s question. What are the biggest challenges to construction and redevelopment in New Jersey?
Here’s what they had to say.
RXR Realty has completed the $368 million sale of six office buildings in Short Hills and Madison to Mack-Cali Realty Corp., according to HFF, in a high-profile trade involving one of the state’s most high-end suburban submarkets.
Experts say the struggles of New Jersey’s suburban office market are not as clear-cut as many still believe. Those challenges are in fact real, but there are still plenty of opportunities for owners and developers to make a splash.
With an uptick in demand that started last fall, lenders with Investors Bank have financed more than $100 million in commercial real estate transactions in recent weeks.
Seven tenants have inked new leases at a Short Hills office building, accounting for more than 20,000 square feet of recent activity.
With a goal of reshaping its footprint as a “totally class A portfolio,” Mack-Cali Realty Corp. has sold more than 35 of its office buildings since the start of 2016, the company said, reaping more than $700 million from properties that it deemed nonstrategic or underperforming.