News
How to Prepare Your Multifamily Property for Winter
As we’ve all heard countless times before from our favorite sports coaches, the best offense is a good defense, and readying your multifamily property for winter is no different. Read the full article here.
4 Commercial Property Management Trends You Need to Know
As a property manager, it’s wise to regularly evaluate market trends so you and other stakeholders can make the right decisions for your business moving forward. Read the full report here.
Welcome to the Gig Economy
If you haven’t heard of it, you will. Gig workers are playing a growing role in how corporate space users are redefining their staffing. Read the full report here.
5 Areas to Focus on for Better Workplace Productivity
A new study shows just how impactful a poorly planned workplace is on employees, which can negatively impact performance. Read full report here.
New BOMA Standard: What Size Is Your Office Building Really?
Need more proof that the way millennials work is impacting office real estate? Read the full report here.
Why Retail Landlords Are Turning to Apartments to Shore Up Their Properties
Construction has started on a 23-story upscale apartment tower at Westfield UTC, a one-million-sq.-ft. outdoor center in San Diego, but the project is much more than the redevelopment of an upscale retail center owned by the Sydney, Australia-based Westfield. Read the full report here.
Save Big with Three Tips for More Efficient Vendor Management
Managing vendors and processing payables are significant cost drivers for real estate companies. Read the full article on irem.org
Are Low Interest Rates Always Good for the Real Estate Market?
The Federal Reserve raised interest rates in June, signally that government leaders think the economy is gaining strength. The latest hike is being met with mixed responses. Read the full report here.
Company gets $12M in tax credits to move 5 miles away
Billtrust, a provider of outsourced billing services, has announced plans to move its headquarters to Lawrence, just 5 miles from its current home in Hamilton, after receiving more than $12 million in tax credits from the state. Read the full article on nj.com
The Princeton Address: Why Companies Need It
Our CEO, Aubrey Haines, chats with NJBiz about the importance of the Princeton address for Companies in the area. “Most international companies want the Princeton name because they want to be able to say their U.S. headquarters is in a place where other people from around the world will recognize,” said Aubrey Haines, CEO of…
Local LifeScience Aquisition, Redevelopment on Route 1 & BMS Makes 650,000 sf Announcement: News Around Mercer County
Integra LifeSciences to acquire Medtronic’s ENT, laparoscopy equipment lines Integra LifeSciences Holdings Corporation and Medtronic Inc. announced Wednesday an agreement in which Integra will acquire Medtronic’s MicroFrance and Xomed manual ENT and laparoscopy medical equipment lines for approximately $60 million. Read the full story on njbiz.com here. Owners of long-vacant American Cyanamid site in West…
Princeton Forrestal Village Hopes to Add Residential to the Mix
Mixed use without residential doesn’t work. After 28 years, Princeton Forrestal Village is proposing multifamily residential units. “It’s a nice, cute pedestrian village surrounded by a sea of parking that never really succeeded,” Robert Schenkel, senior director of development at Lincoln Equities Group, said. “It was a high-end boutique mall, a discount mall and lots…
RealShare New Jersey Conference: Triumphs & Challenges
Conference sparks talks of triumphs, challenges in New Jersey commercial real estate market It was around 9 a.m. at RealShare New Jersey, one of the year’s biggest commercial real estate conferences, and Joe Taylor had some friendly advice for the audience. “If you’re not having fun in real estate right now,” said Taylor, president of…
Addressing New Jersey's White Elephants
Over the past decade, the campus-style complex model slowly became outdated as technological advances, downsizing and outsourcing negated the need for workers to be in an office setting, Advance Realty president and CEO Peter Cocoziello said. The above is a quote comes from an nj.com article titled: Developer: Plan for Bridgewater’s Sanofi Research Campus will…
Trenton Neighborhoods Get $1.1M Investment
Wells Fargo announced Thursday that it plans to invest more than $1.1 million in grants to provide funding toward various Trenton neighborhood revitalization programs. (read full story on njbiz.com here)
GrowNJ Incentives Program Updates
Recent articles cover some of the success & struggles of the GrowNJ program as New Jersey works to keep companies and jobs within the State. Why it stayed: Panasonic’s decision was about more than tax incentives (read full story on njbiz.com) Even in the case of Panasonic, which received a well-documented $102.4 million tax credit…
Good News for NJ Jobs
U.S. jobs growth stays on a roll; recovery starts to catch on in N.J. “The tone of the economy nationally has become more positive, and there’s every reason to expect we’ll get some spillover effect in New Jersey,” said Patrick O’Keefe, an economist with the accounting firm CohnReznick, which has an office in Roseland. Read…
Commercial Real Estate Notes from Around the State
NJ pharma: Real estate needs to reflect the changing needs of the industry For Pernix Therapeutic Holdings, it was time to find a new home. The Houston-based pharmaceutical company had new executives and a new $65 million war chest from investors, paving the way for a growth plan focused on specialty drugs. But that meant…
Mercer Oak Realty Negotiates 13,450 SF Lease with Essential Property Realty Trust
Mercer Oak Realty announced today that they negotiated a long-term lease for 13,450 SF on behalf of Essential Properties Realty Trust (NYSE: EPRT). EPRT will relocate its Headquarters to 902 Carnegie Center in Princeton. Sab Russo, President of Mercer Oak represented EPRT. Peter Hedley of Hilton Realty represented the owner of 902 Carnegie. This is the…
Mercer Oak Realty Represents Universal Display in 88,000 SF Purchase
Sab Russo, President of Mercer Oak Realty, announced today that Universal Display Corporation (UDC) had acquired two single story office buildings to accommodate its expansion in Ewing, NJ. UDC, the creator of OLEDs (Organic Light Emitting Diodes) used in newer flat screen TVs, cell phones, as well as cutting edge lighting applications, acquired the adjoining…
2018 Market Report
Mercer Oak Realty, Princeton Property Partners & Princeton Property Management are proud to present our 2018 Market Report (click to download). See our take on latest trends in the market.
First Bank Expands in Hamilton New Jersey
First Bank Expands in Hamilton New Jersey Hamilton, NJ – Mercer Oak Realty, a leader in Princeton Area Commercial Real Estate, announces that First Bank has signed a long-term lease at 1395 Yardville Hamilton Square Road. First Bank will use the 11,000 sf as expansion space to house additional executive and administrative staff needs, adjacent…
2018 Central NJ Real Estate Forecast
The 5th annual Central Jersey Real Estate Forecast will be taking place on Friday, January 26th. This year promises to be a thoughtful and interesting event and will feature keynote speaker Jeffrey Otteau of the Otteau Group. Mercer Oak Realty’s CEO Aubrey Haines will join the panel, along with Judson R. Henderson Broker of Record/Managing Member, Callaway Henderson…
Five Ways To Spruce Up Spec Suites
For owners of office buildings, constructing “spec suites” as ready-to-occupy office spaces can be a no-fail way to attract tenants — if these spaces are designed well. Read full article here.
Large buildings may soon get report cards for energy efficiency
Just like restaurants post letter grades in their windows, large buildings may soon have to broadcast their energy efficiency ratings. Read full report here.
Growing tech firms now drive high-end office market from Seattle and SF to Manhattan
When F5 Networks signed a lease last spring for 28 floors in the Mark, a new 48-floor office and hotel edifice in downtown Seattle, the deal capped a hunt for new headquarters that in 2019 will provide the company with room to grow and its employees with nearby transit, restaurants and other amenities. Read the full report here.
Three Keys to a Successful Property Budget Review
A budget is your vision of an asset and a forecast of potential earnings. While creating a portfolio or property budget, our deniable need to put everything under the microscope to review and analyze blurs the view. Read the full report here.