NJBIZ

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.

Apr 9, 2012

Hollister tapped for overhaul of Dauphin site in Boonton

Dauphin North America, the office seating manufacturer, plans to overhaul its facility in Boonton by converting nearly 100,000 square feet of warehouse space to a production and distribution center, the manager of the project said today.

Apr 9, 2012

Industrial market hits snag, but expert says it’s not raising ‘any huge red flags’

New Jersey's industrial market cooled off slightly in the first quarter, recording negative absorption for the first time in more than a year, according to a new report by Grubb & Ellis.

Apr 3, 2012

Sagging availability of top-flight commercial properties may spur building boom

Though northern New Jersey is home to the third-largest industrial real estate market in the country, with 800 million square feet of industrial inventory, large units of available space have become increasingly scarce, and no investment sales have closed since October 2011, executives with Cushman &...

Mar 30, 2012
Smaller deals having outsized impact on N.J. office market, report finds
Driven by a series of small and midsized transactions, first-quarter leasing velocity in the northern and central New Jersey office market reached its highest mark in five quarters, according to a new report by Colliers International.

Mar 29, 2012
Officials announce expanded program to spur supermarket development
With what will be New Brunswick's newest supermarket as a backdrop, state officials and business leaders today announced an expanded program to spur and finance the development of grocery stores in New Jersey's most underserved regions.

Mar 28, 2012
HFF closes 15M sale of Nutley portfolio
The mortgage banking firm HFF announced today it closed the $15 million sale of, and arranged financing for, a three-property, 126-unit housing portfolio in Nutley.

Mar 28, 2012
NJBIZ Brackets Schofel getting front-row seats to Final Four action
Eastman Cos. President Peter Schofel is about to give his son the college preview of every high school senior’s envy — watching his alma mater, Ohio State University, play Sharlene Hunt’s Kansas University in the Final Four.

Mar 27, 2012
BGC gets approval for Grubb Ellis takeover
Brokerage firm BGC Partners Inc. today announced it has received approval from the U.S. Bankruptcy Court for the Southern District of New York to acquire all assets of Grubb & Ellis Co., which has offices in Marlton, Edison and Fairfield.