CHATHAM, NJ–Rents increased in Northern New Jersey in 2014, but availability also rose, according to DTZ's Fourth Quarter 2014 Office Market Snapshot for Northern and Central New Jersey. In Central New Jersey, rents eased slightly, but availability also declined.

A number of sales transactions have taken place in recent weeks including a 76-unit multifamily property in Fort Lee, a foreclosed six-story building in Union City, and the arrival of French skin care company Caudalie in a Carlstadt industrial.

MADISON and CHATHAM, NJ – HFF has closed the largest land sale in New Jersey, a 205.6-acre parcel that is part of the larger Giralda Farms complex located in Madison and Chatham, NJ.

LANCASTER, PA—LMS Commercial Real Estate, a private family-owned, full service commercial real estate company based in Lancaster, PA, has merged with Paramount Realty Services, Inc. of Lakewood, NJ, bringing Paramount to the Central Pennsylvania region. LMS Commercial Real Estate arranged the sale of more than 30 assets, encompassing 2 million square feet, to affiliates of Paramount Realty.

ROCHELLE PARK, NJ—Sonny Jumani has been named full partner and president of Tulfra Realty Co., where he will oversee a portfolio of two million square feet, valued at more than $200 million, with 100 tenants.

FLORHAM PARK, NJ–HFF arranged $65.5 million in financing for Park Place, a four-building, class A office park totaling 351,684 square feet in Florham Park, NJ. Loan proceeds will be used to retire existing debt, upgrade amenities to meet “Best in Class” standards and fund leasing costs for new tenants.

LONG BRANCH, NJ–Kushner Companies and its partner Extell Development Company have closed on two phases of financing in conjunction with their $180 million purchase of Pier Village in Long Branch, NJ.

PHILADELPHIA, PA–Thomas J. Sklow, a 20-year veteran of real estate development, leasing, and management, has left Liberty Property Trust to join Keystone Property Group, where he will be vice president of development and leasing, responsible for overseeing Keystone's New York, New Jersey, and Connecticut office properties.