structure tone – Real Estate NJ

NJPAC breaks ground on $336 million campus expansion with 350 rentals, arts education hub

Construction is set to begin on a long-awaited expansion of the New Jersey Performing Arts Center’s campus in Newark, part of a $336 million project that will bring 350 new apartments, office and retail space and a 58,000-square-foot arts education and community center.

Professional Services

Construction veteran Cortese joins Structure Tone as senior project manager

Structure Tone has hired Michael Cortese as a senior project manager with its New Jersey team.

Office

Japanese pharma firm opens new 80,000 sq. ft. North American headquarters near Princeton

A global pharmaceutical maker has unveiled its new North American headquarters outside Princeton, where it leases nearly 80,000 square feet that will house some 300 employees.

Events

United Way honors Fiserv, Samsung deals, while highlighting CREW NJ’s own philanthropy

United Way of Northern New Jersey awarded its 2023 Industrial Impact Award to Samsung at Linden Logistics Center. From left: United Way of Northern New Jersey CEO Kiran Handa Gaudioso, Greek Development Managing Partner David Greek, Greek Development Director of…

Residential & Mixed Use

Partnerships, collaboration in focus as NAIOP gala honors CRE leaders and deals of the year

Commercial real estate leaders turned out Thursday for NAIOP New Jersey’s annual gala, where the chapter honored five key figures and unveiled its coveted Deal of the Year winners.

Mondelēz unveils new $50 million R&D center at 150,000 sq. ft. Whippany building

Mondelēz International Inc. has opened a new $50 million research and development facility in Morris County, where it will look to enhance production, processing and packaging for popular snacks such as Oreos and Ritz crackers.

Real Estate NJ’s 2022 Market Forecast

Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.

Finance & Capital Markets

C&W: Owner of 730,000 sq. ft. Novo Nordisk campus in Plainsboro refis for $211 million

An asset manager has secured more than $210 million to refinance a nine-building, 58-acre campus in Plainsboro that serves as Novo Nordisk’s North American headquarters.

Professional Spotlight

RC Andersen to join STO Building Group, as firms eye growth in industrial sector

RC Andersen Construction, a Fairfield-based contractor, is joining the STO Building Group in a merger aimed at helping both firms expand their foothold in the industrial market.

Event Coverage

United Way event features media icon Forbes, honors high-profile Warren office deal

The United Way of Northern New Jersey hosted its annual fundraiser with the commercial real estate industry, which featured an interview with media icon Steve Forbes and the presentation of its Impact Award to one of the state’s most high-profile office deals of 2019.