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
Glut, defunct & stranded: What do these words describe?
NJBiz uses these words (in the article linked below) to describe suburban corporate campuses in New Jersey- with enough combined square footage to fill five Empire State Buildings. PlanSmart NJ has taken on the task of developing a “toolkit” of sorts for municipalities to begin to deal with the 14.5 million square feet of vacant,…
How are NJ's incentives doing?
We’ve posted a lot about New Jersey’s current incentive packages aimed at both retaining current jobs and businesses within the state’s borders and also attempting to attract new businesses and jobs. There are both fans and critics of these programs, as with most things. In an attempt to get an unbiased answer on whether or…
Two new incentives deals for Mercer County
Quick facts: Who: TRAC Intermodal Currently located at: 211 College Road East, Plainsboro & 2 Independence Way, South Brunswick Will consolidate to: 750 College Road East, Plainsboro Size: 82,000 sf Lease term: 10 years, 9 months Incentive amount: $9.8 million Who: LMT Mercer Group Currently located at: 690 Puritan Ave, Lawrence Will build at new…
Mercer County Leaders Meet for Roundtable Discussion
Leaders from 6 Mercer County towns came together to discuss their individual priorities and the future success of New Jersey as a whole. Popular topics of conversation included the NJ Transportation Trust Fund, walkable communities and NRG Energy’s new building in the breakfast hosted last week by the Princeton Regional Chamber of Commerce. West Windsor…
YMCA of Trenton's 10th Annual Golf Outing Attracts Over 70 Golfers
Monday, May 4th the YMCA of Trenton hosted their 10th Annual Golf Outing. Mercer Oak Realty’s President Sab Russo was in attendance and played in a foursome with Tim Aker, (Treasurer, Hopewell Valley Baseball & Softball Association), Randi Koss (Account Executive, Innovative Commercial Interiors) and Paul March (Managing Director, Newmark Grubb Knight Frank). 72 golfers…
Will more mixed-use projects find homes in central New Jersey?
The phrase “mixed-use” has been around for a long time, but seems to be growing more prominent in conversations, news articles and online discussions each day. We’ve mentioned a few mixed-use projects in this news section in the past and have had many conversations in the office voicing different viewpoints and imagining possibilities for here…
An Interview with NAIOP's New President
Clark Machemer, the Rockefeller Group’s senior vice president and regional development officer, was recently announced as NAIOP New Jersey’s new President. He is a 15 year member and previously served as the chapter’s vice president for public affairs. Check out his interview with NJBIZ here.
Choose New Jersey & the EDA Welcome CEOs
Both Choose New Jersey & the Economic Development Authority recently brought on new CEOs: Michele Brown and Melissa Orsen, respectively. Both groups work towards improving the business and economic climate in the state. Learn more about Choose New Jersey and Michele Brown’s plan for helping the Garden State attract & retain business. Check out the…
30K SF Lease Signed at PSCC: Mercer Oak in the News
Mercer Oak Realty is happy to announce that Philadelphia Insurance Companies has signed a lease for the entire 4th floor at 100 PrincetonSouth Corporate Center. This lease brings 100 & 200 PrincetonSouth to 85% occupancy. Learn more about the deal at nj.com or NJB Magazine. For information on remaining space at PrincetonSouth, please see our…
MOR Braves the Cold for a Good Cause: Cupid's Chase
This past Saturday, Dawn Stillwell and Jacquie Palma of Mercer Oak Realty braved the cold and ran in the Cupid’s Chase 5K in Princeton. The race is held by the national non-profit Community Options, Inc. and raises money to benefit people with disabilities by providing them with housing and employment support. Dawn and Jacquie were…
Congratulations, Hill Wallack!
Hill Wallack, one of the largest and fastest growing law firms in the Princeton area, announced today that they have officially moved into their new headquarters at 21 Roszel Road in West Windsor. The firm now occupies 48,000 sf, the top 2 floors of the recently constructed 62,500 sf building. Mercer Oak Realty’s Sab Russo…
2015 Market Report & Real Estate Forecast
At 7:30 am on Thursday January 29th over 230 Princeton area professionals gathered in the Hyatt Regency Princeton to hear a panel of three local experts present their outlooks for Princeton’s 2015 real estate market. The 2nd annual Real Estate Forecast saw a 50% increase in attendance from last year. Mercer Oak Realty’s Aubrey Haines…
The experiment that is Bell Works
Last Tuesday we had the opportunity to get to know one of the biggest commercial real estate projects going on in New Jersey. CREWNJ hosted an event located at, and all about, the Bell Works building- a 2 million sf structure in Holmdel that was formerly called Bell Labs. Sitting on 472 acres, the massive…
State of Mercer County
County Executive Brian Hughes delivered the State of Mercer County address to 500 local officials & business leaders yesterday at the Hyatt Regency Princeton. What did he have to say about our county? Nj.com covered his speech here.
Join us: 2015 Real Estate Forecast
We are looking forward to the 2nd annual Princeton Real Estate Forecast coming up at the end of this month. On January 29th, our CEO, Aubrey Haines, and a panel of other Princeton area real estate professionals will be discussing their economic predictions for 2015. There was a great turn out for the 2014 Real…
2014 Commercial Real Estate Recap
2014 is drawing to a close. The coming of the New Year is, naturally, a time of reflection. What did your 2014 hold? We hope a lot of success and fond memories. What about in our commercial real estate world? NJBiz took some time to recap their biggest real estate stories of 2014. What made…
Thank you for your donations!
We would like to take a moment to thank everyone for participating in our TASK Donation drive at PrincetonSouth this past month- it was a great success! Bags and bags of holiday gifts and non perishable food items were delivered to the Trenton Area Soup Kitchen last week. It could not have happened without everyone’s…
We are hiring!
We are looking to add a Broker/Salesperson to the current Mercer Oak team- does the below job description sound like you or someone you know? If so, email a cover letter & resume to info@merceroak.com. (PDF version available here: MOR Sales Person Job Description) Sales Person Job Description Mercer Oak Realty is seeking a driven,…