NJBIZ

Dec 21, 2011

Jersey City waterfront ends year on high note with 285M commercial sale

A year of major deals along the Jersey City waterfront has ended on a high note, as Cushman & Wakefield on Tuesday announced the $285 million sale of 10 Exchange Place, a fully leased, 30-story office tower, to a Canadian financial company.

Dec 19, 2011

Hudson waterfront gives New York City run for its tenants

By late 2013, One World Trade Center is expected to rise above Lower Manhattan to become the tallest building in the country. But New Jersey real estate experts say the office market across the Hudson River is strong enough to cast a shadow of its own.

Dec 15, 2011

Survey touts cities for office locations

If businesses want to keep recruiting and maintaining top talent in New Jersey, then they will have to move out of suburbs and get back to their urban roots, according to one survey.

Dec 14, 2011

Merck property in Roseland gets new owners

Mountain Development Corp. and Square Mile Capital Management have acquired the former Merck & Co. office building in Roseland — a 433,945-square-foot property that the new owners say is "move-in ready" for one or more large tenants.

Dec 14, 2011

Fort Lee redevelopment moves forward with residential project

The empty parcels of land next to the George Washington Bridge in Fort Lee moved one step closer to being occupied Wednesday.

Dec 12, 2011

N.J. brokers look to industrial market for clues on growth

Growth in New Jersey's industrial real estate market could bode well for the state's office sector in 2012, but gains in office activity may be held back by slow job creation in the coming year, two of the Garden State's top brokers said.

Dec 12, 2011

Taking the long view

When he was working as Stefan Pryor's chief of staff, during the depths of the financial crisis that ravaged real estate, Adam Zipkin got an up-close look at how to break ground on projects in Newark, even when it seemed like the sky was falling.

Dec 7, 2011

Mack-Cali, Ironstate partner on waterfront rentals

Using property the company already owns, Mack-Cali Realty Corp. announced Wednesday it is partnering with Ironstate Development Co. to build two residential towers on the Jersey City waterfront.

Dec 5, 2011

Survey Internal control of data still key to corporations

Protecting data by operating data centers internally and using redundant power sources remain key criteria for corporations when selecting a data center, according to a survey co-authored by Newmark Knight Frank and CoreNet Global.

Dec 2, 2011

N.J. home prices continue decline South Jersey hit hardest

New Jersey home prices still exceed the national average by a wide margin, but according to the Federal Reserve Bank of Philadelphia, South Jersey continues to be hardest hit with declining home prices.