News
Industry Thought Leaders Discuss the Princeton Commercial Real Estate Market
This morning’s MIDJersey Chamber Breakfast Forum had a great turnout, despite the cold rainy start to the day. Attendees sipped coffee and snacked on pastries as Jerry Fennelly (NAI Fennelly), Sab Russo (Mercer Oak Realty) and David Lodato (Credit Union of New Jersey) took turns speaking about various important aspects of the current Princeton Commercial…
Urban Renewal Without an Urban Center
Urban crawl: After many years, the time is right for towns to create urban pockets where none exists Urban renewal has worked in Montclair. It has worked in Morristown. But what can developers and local officials do when they have no urban center to renew? They can create one. Read the full story on njbiz.com
Breakfast Forum: Commercial Real Estate Trends in Central NJ
What’s your Thursday morning look like? Have time to grab a cup of coffee and danish with us? Our President, Sab Russo will be joining MIDJersey Chamber’s Commercial Real Estate Trends in Central NJ panel this Thursday morning, October 23rd, from 8 am until 10 am at Mountain View Golf Course. Sab will be speaking…
Steps for Scotch Road
The owners of the property in Hopewell formerly owned by Merrill Lynch have decided to abandon the current zoning, which calls for office use. They are seeking new zoning that would allow a proposed development dominated by multi-family with some retail and 94,000 sf of office (down from 1,000,000+ sf of office). Recently, Bristol-Myers Squibb…
Thank YOU!
Despite Saturday morning’s rain, over 100 people still came to the Trenton Y5K as 5K runners or 1 mile walkers. This year’s event raised $60,000 for the Trenton YMCA. Thank you to all sponsors & participants! The Mercer Oak Realty team had a great time and looks forward to next year’s event being bigger and…
Join us Tomorrow: Trenton Y5K
Mercer Oak Realty is proud to be sponsor of the Trenton YMCA’s second annual Y5K this Saturday, October 3rd. This is Mercer Oak’s second year sponsoring and attending the event. So far this year, the Trenton YMCA has raised over $55,000 with the Y5K. Those proceeds fund the programs the organization puts in place for…
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…
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
Princeton Pike Corporate Center Sells
Mercer Oak Realty was recently involved as the seller’s representatives during the sale of Princeton Pike Corporate Center. Please read this article on NJBIZ for full details on the recent 800,000 sf sale.
2016 Princeton Office Market Report
Mercer Oak Realty, Princeton Property Partners & Princeton Property Management are proud to present our 2016 Market Report (click to download). This year’s report highlights trends from 2015, what 2016 could hold, how New Jersey’s economy is doing at the moment and a look back on our 2015 predictions. Hot topics include: “Densification” Building Upgrades…
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.
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.