CHATHAM, NJ—Pharmaceutical companies will need to lower their asset price expectations as they bail out of unneeded office and research facilities, Jeffrey Garibaldi, president of the Garibaldi Group, a leading New Jersey developer, tells GlobeSt.com exclusively.

EDISON, NJ–Cassidy Turley represented dietary supplement manufacturer Life Extension in the lease of 68,043 square foot at 150 Fieldcrest Avenue in Edison, NJ.

NEWARK, NJ—In this week's NJ Deal-Tracker, Winick Realty Group has leased 2,200 square feet for Chipotle Mexican Grill at 222 Market Street, part of the RockPlaza Lofts residential and commercial development near the Prudential Center in Newark, NJ. The deal makes Chipotle the first national quick service restaurant to open in Downtown Newark in decades

MARLBORO TOWNSHIP, NJ—Kaplan Companies officials, Marlboro Mayor Jonathan Hornik and community members cut a ceremonial ribbon on “Camelot at Marlboro,” a 250-unit luxury rental community on Route 79 in Marlboro Township.

NEW BRUNSWICK, NJ—Radical changes in how the pharmaceutical industry develops new drugs are having a significant impact on the kind of office space drug companies will use in the next several decades, James W. Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, an expert on demographic changes in the office market, tells GlobeSt.com exclusively.

LIVINGSTON, NJ–Multi-family property owners realize the market may be reaching a peak time for selling, a window of opportunity expected to continue into the second half of the year, Gebroe-Hammer Associates tells GlobeSt.com.

FLORHAM PARK, NJ – HFF has arranged $23.8 million in acquisition financing for a seven-property retail portfolio totaling 99,675 square feet in Maryland, New Jersey and Pennsylvania.

FAIRFIELD, NJ –Woodmont Industrial Partners, an affiliate of Woodmont Properties, has named David Iacobucci managing director in the firm's Fairfield, NJ office. Iacobucci oversees day-to-day operations and seeks new investments to grow WIP's portfolio of seaport and inland port-oriented warehouse distribution facilities.