Office markets around New Jersey’s transit hubs are still outshining their suburban counterparts, with a widening gap in asking rents and continued interest from major tenants.
NJAA adds new VP of government affairs
The New Jersey Apartment Association has made a new addition to its influential government affairs team.
CBRE: Garden, high-rise apartment portfolio fetches $146 million
A longtime New Jersey apartment owner has reaped $146 million from the sale of seven properties in Essex, Monmouth and Mercer counties, brokers with CBRE said Tuesday.
Murphy signs ‘land bank’ bill allowing cities to assemble, reposition blighted property
A newly enacted law allows New Jersey municipalities to assemble blighted properties within their borders, creating land banks that they can use to spur much-needed redevelopment.
Led by Willoughby, Business Action Center lends its support to developers, tenants
The state’s Business Action Center has long billed itself as a one-stop shop for helping companies grow in New Jersey and attracting new ones from out of state. That often means finding solutions for commercial real estate needs, from helping a scientist find lab space to assisting Amazon with its ever-growing network of fulfillment centers. It also means helping developers and their professionals navigate the web of state agencies that are involved in real estate decisions, from NJ Transit to the Department of Environmental Protection.
Liquor license reform bill advances in Assembly
A bill that would create new specialized, lower-cost liquor licenses and likely provide a boost to New Jersey’s commercial real estate sector has cleared another hurdle in the Legislature.
REIT buys FedEx Ground facility in Trenton for $85.3 million
A real estate investment trust has added to its portfolio in central New Jersey, acquiring a 347,145-square-foot industrial property in Trenton for more than $85 million.
Two N.J. law firms detail plans to combine under MS&B banner
Two New Jersey law firms are joining forces to create a team of more than 50 attorneys and what it says will be a wide-ranging legal practice.
Which types of tenants or industries hold the greatest upside for New Jersey’s office market?
We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say. Edwin H. Cohen, principal partner, Prism Capital Partners (Bloomfield) Without a doubt, life sciences has emerged as a dominant sector fueling New…
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.
