Office

In general office development is shifting to the suburbs across the nation as space tightens in urban and CBD areas, according to Yardi Systems.

Delma Properties and Banyan Street Capital made the office asset exchange.

“When a decision-making team polls its workforce to understand what is most important to them, I think amenities are going to be the number one item on the list.”

The main reason is yield, since investors are accustomed to a certain pricing level and yield expectations, and markets like Arizona, Texas and Colorado can offer it, M&M's Nick Totah tells GlobeSt.com.

The assets are located at 365 and 395 West Passaic Street in Rochelle Park, and 15 East Midland Ave. and 461 From Road in Paramus.

According to office preleasing numbers in a new JLL report, Hollywood's new office developments are in higher demand that the Westside.

As the needs of the multigenerational workforce continue to evolve and be influenced by technology, law firms are placing greater emphasis on flexible work environments and enhanced collaborative design, JLL's Ryan Hawkins tells GlobeSt.com.

As traditional banks adjust to the new federal HVCRE banking regulations, construction financing from life insurers, pension funds and other non-banking institutional sources is on the rise, GlobeSt.com learns in this <b>EXCLUSIVE</b>.