Real Estate

May 14, 2012

Evonik chief says N.J. work force, market opportunities kept it from leaving

When the lease of Evonik Degussa Corp.'s Parsippany office expired a few years ago, President Tom Bates seriously considered a move to the South for cheaper office space and closer proximity to the company's manufacturing plants. But when Bates realized the company would have to trade its work force...

May 8, 2012

Development plan aims to take advantage of Hackensack transit access

In a separate undertaking from Hackensack's recently unveiled Main Street rehabilitation plan, a group of New Jersey Institute of Technology graduate students have mapped out potential growth areas that focus on the city's three downtown...

May 8, 2012

EDA offers 34.6M incentive package to lure online grocer

Online grocery seller Peapod would locate in Jersey City under a $34.6 million incentive approved by the state Economic Development Authority today.

BASF's North American headquarters, in Florham Park. - BASF
May 4, 2012

BASF officially opens ‘showcase building’ in Florham Park

BASF has officially opened its new North American headquarters, in Florham Park, marking the completion of one of the first major headquarters projects to be conceived and built while New Jersey was mired in a real estate downturn.

Apr 30, 2012

LiDestri announces plans to reopen, expand shuttered Pennsauken site

Less than a year after it closed operations in Pennsauken, LiDestri Foods Inc. is reopening and expanding its warehouse.

Apr 27, 2012

Central Jersey industrial market enjoys strong quarter

Industrial tenants continued to flock to large, high-quality buildings in the Exit 8A and Exit 7A submarkets, according a first-quarter market report by Jones Lang LaSalle.

Apr 20, 2012

DEP program focuses on energy efficiency in N.J. hotels

State regulators have launched a program to help New Jersey hotel owners and operators increase energy efficiency and sustainability, allowing the businesses to achieve cost savings and other economic benefits.

Apr 20, 2012

Task force looks for ways to collect from tax-exempt nonprofits

As more municipalities cut services and real estate values plummet, state and local government officials are pushing to form a task force that will examine methods to collect in lieu of tax payments from tax-exempt and tax-abated properties.

Apr 17, 2012

Report Leasing activity at less-desirable buildings driving office rebound

While negative net absorption continued to drive up vacancy in New Jersey's class A office properties in the first quarter of 2012, increased leasing activity in less-desirable buildings may become the foundation for the real estate industry's recovery, according to a new report by Cresa LLC, a tenant representation...

Apr 13, 2012

Space provider aims at Jersey City offices looking to grow

Businesses looking to launch or expand in New Jersey without fully committing to new office locations or obtaining a commercial loan can set up shop remotely through Regus PLC, which will open its newest location in Jersey City on Monday.

Apr 13, 2012

Rising costs, decreased hiring at N.J. construction firms

A spike in the cost of materials in March is expected to result in decreased hiring at construction companies, a New Jersey industry leader said.

Apr 11, 2012

Panelists emphasize importance of targeted employment growth

New Jersey's unemployment rate won't begin to fall until the public sector engages business to target areas for sustainable economic growth, government officials and business leaders said Tuesday at Plan Smart New Jersey's regional planning summit on the draft state strategic plan.