A financial services firm has leased nearly 20,000 square feet of office space in Short Hills, becoming the latest tenant at a recently sold and soon-to-be upgraded cluster of buildings.
Citizens Financial Group Inc. has agreed to acquire Investors Bancorp Inc., the Short Hills-based lender and a major player in recent years in New Jersey commercial real estate finance.
The amount of available office space in New Jersey grew further in the second quarter, despite leases by technology and life sciences tenants and signs of improvement on the horizon.
A private equity firm has expanded its reach in the New Jersey commercial real estate sector, announcing a $35 million loan for a two-building office portfolio in Essex County.
The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank.
With nearly a dozen acquisitions and more than $750 million in combined investment — all since spring 2018 — The Birch Group is exceedingly bullish on northern New Jersey’s office market and the expected return to work in top-tier locations.
Mack-Cali Realty Corp. has sold four office buildings in Short Hills for $255 million, in a deal that marks another addition to the buyer’s fast-growing portfolio in New Jersey.
Vacancy in the northern New Jersey office market grew for four straight quarters in 2020, even as a handful of industries showed the ability to withstand the effects of pandemic.
Investors have sold a 100-unit luxury apartment building in New York’s Westchester County for more than $32 million, in a deal by Walker & Dunlop’s New Jersey-based brokerage team.
