Seven N.J. apartment complexes are part of 165M deal

AIG Global Real Estate Investment Corp. has sold seven properties in New Jersey as part of a 12-property, 165. 4 million deal, according to real estate services firm Holliday Fenoglio Fowler L. P.

Massive Ironbound site drawing plenty of interest from developers

From the vantage point of Newark's Ironbound section, Tom Walsh only has to look across the Passaic River to nearby Harrison to see the demand for mixed-use, transit-centric neighborhood development.

Colliers International arranges sale of Lawrence building to David Lerner Associates

Colliers International announced Monday that it has arranged the sale of a building in Lawrence to brokerdealer firm David Lerner Associates.

Boonton mobile accessories company appoints chairman, CEO

LuMee LLC, a Boonton-based mobile accessories company, announced Monday that it has appointed Robert G. Pedersen II as its chairman and CEO.

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FULFILLING HIS DUTY Janus Holder, the man whose family turned a gift store in Elizabeth into a billion-dollar business in Newark Airport

'Tis the season for frequent travel and last-minute gift buying &#8212 two of Janus Holder's favorite things.

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APPETITE FOR SUCCESS Rod Silva, the founder of Muscle Maker Grill, wants to help people get healthy and be the next president of the United States

Rod Silva believes America is ready to stick to its resolutions this year.

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NEWARK'S OWN Marc Berson works as a developer, board chair and philanthropist, all while being one of the Brick City's biggest supporters

It was October 1997, and dignitaries were gathered outside the New Jersey Performing Arts Center to celebrate the opening of what they hoped would be a catalyst for Newarkrsquos economic resurgence.

THE DEAL-MAKER Robert Donnelly Sr., a legend in the state's commercial real estate sector, isn't done doing deals just yet

An office deal for nearly 900,000 square feet &#8212 like the lease extension inked by ATT in Bedminster this past summer &#8212 would be a feather in the cap of any commercial real estate broker.

HFF closes 30.5M of retail center Linden

Holliday Fenoglio Fowler L. P. announced Thursday that it has closed on a retail center in Linden for 30. 5 million.

Renovations to former Glaxo plant are complete, developers say

Developers have completed renovations to a former GlaxoSmithKline manufacturing plant in Clifton, with plans to now market the 200,000-square-foot building to industrial users.

CBRE Group arranges lease with dermatologic company in Mount Arlington

Commercial real estate brokerage firm CBRE Group Inc. announced Thursday that it has arranged a lease with Affiliated Dermatologists Dermatologic Surgeons P. A. at a Class A building in Mount Arlington.

Vornado completes 375M refinancing of Manhattan office building

Paramus-based real estate investment trust Vornado Realty Trust announced Thursday that it has completed a 375 million refinancing of an 882,000-square-foot Manhattan office building.

City National Bank moving HQ to revitalized Hahne's building in Newark

City National Bank will relocate its headquarters in Newark to the former Hahne Co. building, where developers are at work on a plan to transform the iconic former department store.

Toys R Us sees improved financial performance in Q3

Toys R Us Inc. enjoyed a stronger third quarter in 2015, it announced Tuesday, as its adjusted earnings grew and it narrowed its operating and net losses compared with the year-ago period.

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Chambers Street shareholders approve merger with Gramercy Property Trust

Princeton-based real estate investment trust Chambers Street Properties announced Wednesday that its shareholders have approved its merger with Gramercy Property Trust Inc.

Winter 2015: Strengthening Your Community & Your Professionalism

Table of Contents

Commercial Market Making a Comeback: A Note from the President

Advocacy: Commercial Lending Spotlight: Updates on SBA Loans and Reg. A+

Networking: Commercial Takes the Spotlight and Shines

Member Perspective: Goal Setting for... Read More

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Shaq back in Newark to announce new jobs initiative

Former professional basketball player and Newark native Shaquille O'Neal was back in town Tuesday to announce the creation of IMPACT Newark, a program designed to help minorities, women and veterans secure union construction jobs for projects in the city.

Sales and marketing management firm moves to Morris Plains

A sales outsourcing and training company has moved from Montville to Morris Plains, it announced Monday.

Revitalization continues in Harrison as retail, apartment complex opens

Another mixed-use redevelopment project has reached completion in Harrison, marking the latest step in the longtime plan to transform the town's formerly industrial waterfront.

CBRE brokers sale of Class A office building in Cherry Hill

Commercial real estate services firm CBRE Group Inc. announced Monday that it has brokered the sale of Woodcrest Pavilion, a 49,569-square-foot Class A office building in Cherry Hill.

Goldstein Group to serve as leasing agent for Old Bridge center

Retail real estate brokerage The Goldstein Group announced Monday that it has been named the exclusive leasing agent for a major mixed-used space slated to open in Old Bridge in the summer of 2017.

The NJBIZ millennial holiday gift guide

&#8220It's the most wonderful time of the year,&#8221 they say. It's also stressful as anything. Travelling on some of the busiest travel days, getting that extra work in so that &#8220days off&#8221 really are days off and, of course, shopping for those millennials in your office or at home who, let's' face it, you might just not get.

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Davis has one goal for real estate school Be No. 1

Morris Davis is no stranger to New Jersey, having grown up in Philadelphia and spent summers at the Jersey Shore. But that couldn't have prepared him for what he learned about the state last year, once he showed up to help build a new real estate program at Rutgers University.

Pricing, variety help Unique Photo stay competitive

In September, Alexander Sweetwood became the third generation to take the reins of the family business, Unique Photo.

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HR Block takes space in Marlton

HR Block has leased retail space at a Marlton shopping center, Wolf Commercial Real Estate said Friday.

Alkova's Poskanzer Skott-designed tower takes shape in Hackensack

Construction has begun on Alkova Companies 382-unit multifamily tower in downtown Hackensack, designer Poskanzer Skott Architects of Ridgewood announced Friday.

LAN Associates, the leader in education building, celebrates its 50th anniversary

A lot can change over the course of 50 years &#8212 just ask executives with LAN Associates. But here&#8217s something that has stayed the same for the North Jersey-based engineering and architectural firm In a sector that always has been competitive, the key to success is fairly simple.

How Fields is hitting it big Brothers in business of development and construction

Whenever James and Robert Caulfield have wanted something done right, they've done it themselves. Especially when it came to managing construction for the development firm they were looking to grow a little more than 10 years ago.

Marcus Millichap arranges 6.5M sale of two properties

Marcus Millichap, a commercial real estate investment services firm, announced Thursday the sale of two properties, combined totaling more than 6. 5 million.

Jerseyans pick their top coffee chain, and it's a home-state favorite

New Jersey's coffee drinkers have named their supplier of choice, and it's a popular area name &#8212 again.

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Subaru groundbreaking offers officials chance to celebrate Camden, incentives

It's a story Lt. Gov. Kim Guadagno has told before to illustrate the state's willingness to work with the business community, but this time it packed a little extra punch.

Developers break ground on Westfield luxury apartments

Construction is underway on a project to create a 70-unit, transit-oriented luxury apartment complex in downtown Westfield, its developers announced.

Somerville building fetches 3.2M

A commercial building located in downtown Somerville has sold for 3. 2 million, according to Cushman Wakefield.

Zimmel arranges pair of leases in Middlesex County

Two companies have signed long-term leases in Central Jersey, according to corporate real estate services firm Zimmel Associates.

JLL adds SVP to New Jersey office

JLL has hired James Schroeder as a senior vice president in its New Jersey office, the firm announced.

Colliers hires pair of managing directors

Colliers International has hired Sam Horowitz and Chris Hovanec as managing directors in New Jersey, the commercial real estate services firm announced.

Sudler happy to build off the beaten path in Lakewood

As old sayings go, Peter Sudler recalls this favorite of his father's &#8220You can't sell from an empty wagon. &#8221

East Brunswick's Two Tower Center sold for 60M-plus

One of two towers in a well-known East Brunswick office complex has been sold for more than 60 million, according to commercial real estate services firm Cushman Wakefield.

Sitex buys warehouse property, plans to add 200K sq. ft. logistics center

Sitex Group has acquired a 20-acre site in Woodbridge that includes a 175,000-square-foot warehouse and the space to develop a new distribution center nearby, the firm announced.

Mission accomplished WebiMax, the first company to commit to Camden with EO13, glad it made the move

As he sits in a conference room that overlooks the Delaware River and the Philadelphia skyline, WebiMax founder and CEO Ken Wisnefski is also enjoying his view of Camden.

Bender Group finds flexibility is big key to success

Stacey Bender &#8212 a devoted executive in public relations for over 14 years &#8212 had just given birth to her fourth child in 1995. It wasn't in her nature to take time off &#8212 and the idea of work-life balance wasn't in the American workforce. But she knew things would need to change.

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Amtrak official praises Gateway partnership at NAIOP conference

Amtrak is pushing ahead with planning for a new trans-Hudson rail tunnel, an agency official said Friday, buoyed by the recent &#8220extraordinary announcement&#8221 of a new partnership involving New Jersey, New York and the federal government that will oversee the massive project.

Professional & Business Services Employment Drives Demand for Office Space in Q3.2015

Commercial fundamentals in REALTORS® markets continued improving during the third quarter 2015, as noted in the Commercial Real Estate Outlook: 2015.Q4. 

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Kislak completes 27.3M sale of apartments in Westville

Woodbridge-based The Kislak Company announced Friday the recent 27. 3 million off-market sale of Inverness Apartments in Westville.

Sanzari breaks ground on dual-brand hotel in Teaneck, expects to bring 85 jobs to area

Alfred Sanzari Enterprises announced Thursday it officially broke ground on a new hotel at its mixed-use Glenpointe complex in Teaneck.

New York Life, Avison Young find success with suburban N.J. office buildings

At Saddle River Executive Center on Route 17, a deal that seemed like a modest expansion by a tenant was in fact a much bigger commitment to the 106,000-square-foot office building.

Amazon.com responds to threats of lawsuit over Robbinsville-area traffic

Amazon. com appears to be trying to make amends with Robbinsville, home of one of the e-commerce titan's 1 million-square-foot distribution centers.

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Factory Conversions Spark Tech Office Interest

Learn what’s driving technology, media, and other information-related firms to look at repurposed industrial buildings for their workforce.

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Bussel Realty closes multiple deals in Middlesex

Real estate services firm Bussel Realty Corp. announced Wednesday it has closed multiple commercial real estate transactions in Middlesex.

Blu Alehouse opens 2nd N.J. location

American restaurant and sports bar Blu Alehouse will open its second New Jersey location in Woodbridge.

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Monmouth Real Estate Investment Corp. buys Louisiana building for 18.4M

Monmouth Real Estate Investment Corporation, a real estate investment trust based in Freehold, has purchased a Louisiana industrial building for 18. 41 million, it announced Wednesday.

Profeta Associates sells garden apartment complex in Ohio for 6M

Paul V. Profeta Associates Inc. has sold a 109-unit garden apartment complex in Vandalia, Ohio, for 6 million, the West Orange-based company announced.

Did you move your Elf on the Shelf? The holiday tradition that is a blessing and a curse for parents everywhere

The Elf on a Shelf.

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Louis Berger announces changes in Europe, appoints two execs

Louis Berger, the Morristown-based professional services firm, has announced changes to its global operations, including a reorganization of its European division and the appointment of a pair of executives.

Supermarket project could transform Elizabeth neighborhood

It's one thing for a neighborhood to be a food desert, but George Jacobs sees something perhaps more alarming in the area that sits east of Route 1 9 in Elizabeth.

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Supermarket project could transform Elizabeth neighborhood

It's one thing for a neighborhood to be a food desert, but George Jacobs sees something perhaps more alarming in the area that sits east of Route 1 9 in Elizabeth.

Piscataway apartment complex sold for 107M-plus

Another New Jersey apartment complex has changed hands for more than 100 million.

Cushman Wakefield team handles two leases, sale

Cushman Wakefield has completed a trio of transactions affecting 672,000 square feet in central New Jersey, it announced Tuesday.

Comcast bolstering presence in Voorhees, adding 42K sq. ft.

Comcast Corporation is expanding its already large presence at the Voorhees Technology Center, Colliers International announced Monday.

Marcus Millichap involved with pair of deals

Real estate firm Marcus Millichap has arranged the sale of a pair of retail properties, it announced Monday.

Route 1 retail property changes hands

A former furniture store along Route 1 in Rahway has been sold, according to The Goldstein Group.

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Route 1 retail property changes hands

A former furniture store along Route 1 in Rahway has been sold, according to The Goldstein Group.

Doctors sign leases at Williamstown complex

Two doctors have signed leases at a medical office complex in Williamstown, Wolf Commercial Real Estate announced.

Space age Is co-working a model for the future or just latest real estate play?

Noelle Stary's idea was simple Conduct business in a shared work environment to gain clients &#8212 while also running the co-working space.

How tweet it is Developers discovering social media marketing is great way to get tenants

The amenity-rich, 36-story apartment tower known as The One had been open in Jersey City for barely a month when Kristin Francis, or SouvenirFinder, chimed in on the building's Twitter account.

Englewood apartment complex sold for reported 112M

A new fund managed by CBRE Global Investors has made its first foray into New Jersey, acquiring a 350-unit apartment complex in Englewood for price that reportedly tops 100 million.

Kislak completes 10.8M multifamily sales in Monmouth County

Woodbridge-based The Kislak Company, Inc. announced Wednesday the sale of two multifamily properties in Monmouth County for 10. 8 million.

KBS announces completion of office park in Florham Park

California-based KBS Real Estate Investment Trust II announced Tuesday the completion of Park Avenue at Morris County, a 1. 2 million-square-foot office park in Florham Park.

Developer building affordable housing complex in Jersey City

A New York-based developer will build a 64-unit apartment complex in Jersey City that will be entirely reserved for low- and moderate-income housing, city officials said Tuesday.

Toys R Us CEO makes a strong case for being open on Thanksgiving Day 'It's what you do'

We've all seen those GEICO ads as part of the company's It's what you do campaign. And I'll take The Final Countdown over Peter Pan as the best if I get to pick.

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Moderate Expansion, Easing Prices Expected for Commercial Real Estate Markets

WASHINGTON (November 24, 2015) — Sustained job growth throughout the country and improving credit conditions are forecast to help keep commercial real estate activity expanding into next year, but property prices are likely to slightly cool off after reaching their peak in some major markets, according to the National Association of Realtors® quarterly commercial real estate forecast.

National office vacancy rates are forecast by Realtors® to decrease 0.8 percent to 14.8 percent over... Read More

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How a mayor paved the way for a major headquarters move

Morris Plains Mayor Frank Druetzler still remembers the first time he showed Honeywell officials the never-occupied, 475,000-square-foot building on a 43-acre site on Route 53 that he wanted to Fortune 100 company to call home.

Profeta sells Hillside property to crane operator as part of 1031 exchange

A major crane operator will occupy a 200,000-square-foot industrial building in Hillside after acquiring the property from Paul V. Profeta Associates Inc. for 15 million, according to the seller.

Mack-Cali continues strategic transition with pair of promotions

Mack-Cali Realty Corporation announced the promotion of a pair of executives Monday, as it shifts its overall strategy to focus on high-end waterfront and transit-based properties.

A hotel revolution

APA Hotel Group, a Japanese company that runs the most successful hotel chain most people in the United States have never heard of, is making plans to change that.

The town of the future A look at how Fujisawa SST is organized

Located roughly 30 miles from Tokyo 50 minutes by train and on a 47-acre property that once had factories that produced consumer products such as TVs and refrigerators, Fujisawa Sustainable Smart Town is straight out of a World's Fair exhibit during the space age.

F U T U R E PLANS

It's not a dream, an idea, a concept or even a well-researched business proposal.

Jersey's own toy story

Dave Brandon was named CEO of Toys R Us in June. Brandon, the former head of Domino's Pizza, sat down with NJBIZ to talk about his new role in New Jersey as the company prepares for its most important time of the year

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New markets mean facing new challenges

Harris Soejima, general manager of the global communication group for Panasonic, described a complicated issue in the simplest of phrases. &#8220We need to be above the noise,&#8221 he said.

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F U T U R E PLANS

It's not a dream, an idea, a concept or even a well-researched business proposal.

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Food funders

When he founded the Rutgers Food Innovation Center in 2001, Lou Cooperhouse was hoping to incubate young, startup food companies and foster innovation in the industry.

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Somerville architects picked to design new Rowan College building

A Somerville-based architecture firm has been chosen to design a new facility at Rowan College at Burlington County, the college announced Friday.

Redwood Realty completes dual-apartment sale in Hackensack for 16.4M

Hasbrouck Heights-based Redwood Realty Advisors, a brokerage and advisory firm, announced Wednesday that it has completed the sale of two apartment properties in Hackensack for 16. 4 million.

Two more companies sign leases at Bell Works complex in Holmdel

Two international firms are coming to the former Bell Labs building in Holmdel, as Somerset Development continues its sweeping transformation of the property into a dynamic mixed-use complex known as Bell Works.

Developer shows off expanded, renovated Newark office building

In downtown Newark, the quest to revitalize northern Broad Street has taken another step forward.

Louis Berger names longtime engineering exec its new CFO

Louis Berger has named a veteran executive its new chief financial officer, the billion-dollar professional services firm announced Wednesday.

2015 Q2 Commercial Real Estate Market Survey

The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.

2015.Q2 Survey Highlights

• Sixty percent of commercial REALTORS® closed a sale.
• Sales volume rose 9 percent from a year ago.
• Sales prices increased 7 percent year-over-year.
• Cap rates... Read More
  
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2015 Q2 Commercial Real Estate Market Survey

The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.

2015.Q2 Survey Highlights

• Sixty percent of commercial REALTORS® closed a sale.
• Sales volume rose 9 percent from a year ago.
• Sales prices increased 7 percent year-over-year.
• Cap rates... Read More
  
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After 25 years, Rockefeller Group's N.J. office is on the move

After more than 25 years in Mount Olive, the Rockefeller Group has moved its New Jersey office to downtown Morristown as part of its strategy to grow the development firm and recruit new talent.

NJBIZ unveils Real Estate Power 50

From Newark to Camden and everywhere in between, New Jersey's real estate industry is a powerful part of the state's economy. And in this prominent industry, there are some names that rise to the top when it comes to power. Here they are NJBIZ's Power 50 most influential people in the real estate industry.

Sitex makes third warehouse acquisition in a month

Sitex Group has acquired a 60,000-square-foot warehouse and distribution building in Carlstadt, the firm said, marking the latest addition to its quickly growing portfolio in North Jersey.

Real Estate Construction Report Creating a Gateway hub

It was late morning on a recent weekday when Kevin Collins stood inside the concourse that runs through 2 Gateway Center in Newark. All was quiet for now, but it wouldn't be long until hundreds of workers poured into the pedestrian plaza on their way to lunch, much as they would during the morning and evening rush hours.

Letter from the editor Next stop #8212 Newark?

The commercial real estate industry was thrilled by the various incentive programs rolled out by the state in recent years &#8212 before and after the monumental Economic Opportunity Act of 2013.

Packaging company, tech incubator sign leases at KABR buildings

A retail packaging firm and a technology incubator have signed long-term leases totaling more than 21,000 square feet at two Ridgefield Park office buildings owned by KABR Group.

Mack-Cali buys Metropark building for 53.1M, creating office campus

Mack-Cali Realty Corp. has acquired a nearly 200,000-square-foot office building in Edison for 53. 1 million, with plans to reposition the property as a complement to a neighboring building.

Goldstein Group brokers series of leases

The Goldstein Group, a Paramus-based real estate services firm, announced it has brokered several recent lease transactions around the state.

Goldstein Group brokers series of leases

The Goldstein Group, a Paramus-based real estate services firm, announced it has brokered several recent lease transactions around the state.

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APA Group, a Japanese hotel giant, begins massive expansion into U.S. with opening at Metropark

APA Group, a Japanese company that runs the most successful hotel chain most people in the United States have never heard of, is making plans to change that.

Redi-Direct's mantra Do more, know more, sell more

Redi-Direct Marketing started in 1989 as a plan drawn up by three guys on the back of a scorecard after a round of golf.

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Back on the block

National retailers have come and gone in downtown Morristown &#8212 from Macy's to Barnes Noble to Pier 1 Imports &#8212 but it's the recent arrival of one operator in particular that has Matt Dolly and Rick Rizzuto taking notice.

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Power 50 Engineering access

Sidney Blanchard had spent more than a decade in social service by the late 1980s, first as a state employee and then as the head of a nonprofit known as Community Access Unlimited.

Power 50 Others receiving votes

As regular readers know, NJBIZ puts this list together after meeting with key players in the industry. Not everyone mentioned can make the Top 50, so we thought we'd give you a few notes and quotes about people in the industry that some felt were worthy of recognition.

Power 50 Grapevine More scoops we dug up

There were plenty of good news, notes and tidbits when we met with insiders to compile our Power 50 Real Estate list. And not just on individuals. Here are some Grapevine items we heard about the industry

Mack-Cali remaking its footprint

For Mack-Cali Realty Corp. , the road to reinvention starts with &#8220living above the store. &#8221

Back on the block

National retailers have come and gone in downtown Morristown &#8212 from Macy's to Barnes Noble to Pier 1 Imports &#8212 but it's the recent arrival of one operator in particular that has Matt Dolly and Rick Rizzuto taking notice.

Economic and Commercial Real Estate Outlook

These slides were presented by NAR Chief Economist Lawrence Yun at the Commercial Economic Issues & Trends Forum at the REALTORS® Conference & Expo in San Diego, CA, on November 13, 2015.

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Commercial Real Estate May Peak in Expensive Markets, says Realtors® Chief Economist

WASHINGTON (November 13, 2015) — While commercial real estate has been steadily recovering in recent years, industry experts expressed concern that prices may have reached a peak during the Commercial Economic Issues and Trends Forum at the 2015 REALTORS® Conference & Expo.

Lawrence Yun, NAR chief economist, said the fundamentals of the commercial real estate market have been gradually improving and this has led to prices rising to new peaks.

"... Read More

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Chambers Street sells two Jersey City buildings for 299M

Chambers Street Properties has agreed to sell 70 and 90 Hudson Street in Jersey City for 299 million, doing so four years after acquiring the twin office buildings from Hartz Mountain Industries.

Vacant data center to become day school, CBRE says

A former data center in Teaneck that has stood empty for eight years has been sold and will be converted into a day school, according to real estate brokerage CBRE Group Inc.

Louis Berger wins 600M government contract

Professional services company Louis Berger has won a five-year, 600 million government contract, it announced Thursday.

Cushman Wakefield to be leasing agent for former Bayer campus in Montville

Cushman Wakefield has been named the exclusive leasing agent for the former Bayer Pharmaceuticals office property now known as Mountain Ridge at Montville.

Cushman Wakefield arranges financing for multifamily development in Roselle

Cushman Wakefield announced Wednesday that it has arranged construction financing for a multifamily community located in Roselle.

WCRE to market three shopping centers

Wolf Commercial Real Estate has been named the exclusive marketing agent for three South Jersey shopping centers, it announced Wednesday.

WCRE to market three shopping centers

Wolf Commercial Real Estate has been named the exclusive marketing agent for three South Jersey shopping centers, it announced Wednesday.

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Beauty salon is latest addition to Levin-managed center in Watchung

A beauty salon has leased a 1,100-square-foot space at the 419,000-square-foot Blue Star Shopping Center in Watchung. The center is exclusively leased and managed by North Plainfield-based Levin Management.

Amazon helping to address veteran unemployment rate in N.J.

According to the U. S. Department of Labor's Bureau of Labor Statistics, veterans living in New Jersey faced an unemployment rate of 7. 9 percent in 2014, the second-highest in the country.

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Software firm moves HQ to Hoboken office tower

SJP Properties has added a global enterprise software firm to the tenant roster at Waterfront Corporate Center III, its 500,000-square-foot office tower in downtown Hoboken.

Carl Goldberg At the intersection of development and politics

For Carl Goldberg, joining the New Jersey Builders Association some 30 years ago was an opportunity to not only network with fellow development professionals, but with regulators in state government.

Commercial Meetings, Education Sessions, and Networking Events at the 2015 REALTORS® Conference & Expo

Visit http://ift.tt/1ltdeOX for all location details

Wednesday November 11th, 2015

CIPS – Asia/Pacific & International Real Estate (registration required) 8:00-5:00pm
Discovering Commercial Real Estate (registration required) 8:30-11:00am

Thursday November 12th, 2015

Smart Growth for the 21st Century (registration required) 8:00-12:30pm
Commercial Legislation & Regulatory Advisory Board 12:30-2:00pm
Commercial Real Estate Research Advisory Board 2:00-4:00pm

... Read More

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P.J.W. Restaurant Group on ambitious growth plan

Having worked in the restaurant business since age 14, Bob Platzer remembers when South Jersey was known as a &#8220dining mecca&#8221 due to the popularity of casinos.

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P.J.W. Restaurant Group on ambitious growth plan

Having worked in the restaurant business since age 14, Bob Platzer remembers when South Jersey was known as a &#8220dining mecca&#8221 due to the popularity of casinos.

Sitex Group adds to its Garden State holdings

Sitex Group LLC has acquired another New Jersey property, according to Bussel Realty Corp. , which brokered the sale.

HFF closes sale of apartment community in Princeton submarket

Holliday Fenoglio Fowler L. P. announced Thursday that it has closed the sale of The Crest at Princeton Meadows, an apartment community in the Princeton submarket of Middlesex County.

Newton Medical Center holds opening ceremony for its new breast health center

Newton Medical Center held an opening ceremony for its Center for Breast Health, Sussex County&#8217s first comprehensive breast center.

Cushman Wakefield completes two new office leases in Princeton market

Commercial real estate services firm Cushman Wakefield has inked two new long-term leases at a Class A office building in Princeton.

BG Foods acquires vegetable brands from General Mills

Parsippany-based BG Foods announced that it has completed the acquisition of the iconic Green Giant and Le Sueur frozen and canned vegetables brands from General Mills.

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Carrier Clinic holds ribbon cutting for 21M building renovation

Carrier Clinic held a ribbon cutting for the completion of a 21 million building renovation project which began in May 2014.

HFF arranges financing for lifestyle retail center in Central Jersey

Holliday Fenoglio Fowler L. P. announced Tuesday that it has arranged 14 million in refinancing for a lifestyle retail shopping center in Chester Township.

HFF arranges financing for lifestyle retail center in Central Jersey

Holliday Fenoglio Fowler L. P. announced Tuesday that it has arranged 14 million in refinancing for a lifestyle retail shopping center in Chester Township.

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2015 Q3 Commercial Real Estate Market Survey

The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.

2015.Q3 Survey Highlights

• Sixty-three percent of commercial REALTORS® closed a sale.
• Sales volume rose 7.2 percent from a year ago.
• Sales prices increased 3.8 percent year-over-year.
• ... Read More
  
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Law firm to anchor Roseland building repositioned by Mountain Development, Square Mile Capital

Lowenstein Sandler LLP will move its New Jersey offices to another site in Roseland, serving as the new anchor tenant in a repositioned office building that once housed a global pharmaceutical company.

Vornado declares quarterly dividend

Vornado Realty Trust announced Monday that its board of trustees has declared a quarterly dividend.

Five Star Warehousing leases industrial property in South Brunswick, BRC says

Bussel Realty Corp. announced Monday that Five Stars Warehousing has leased a 211,540-square-foot industrial property in South Brunswick.

PBF Energy acquires Chalmette Refinery

Parsippany-based PBF Energy announced Monday that its subsidiary has acquired Chalmette Refining LLC for 322 million.

The Goldstein Group brokers Sherwin Williams deal in Union City

The Goldstein Group announced Monday that it has brokered a deal for Sherwin Williams to lease space in Union City.

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The Goldstein Group brokers Sherwin Williams deal in Union City

The Goldstein Group announced Monday that it has brokered a deal for Sherwin Williams to lease space in Union City.

Double play How fields is hitting it big

Whenever James and Robert Caulfield have wanted something done right, they've done it themselves.

Time tested

A lot can change over the course of 50 years &#8212 just ask executives with LAN Associates.

Double play How fields is hitting it big

Whenever James and Robert Caulfield have wanted something done right, they've done it themselves.

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Deli to open in Marlton shopping center, WCRE says

A family-owned deli chain has leased retail space at a Marlton shopping center, according to Wolf Commercial Real Estate.

NAI Hanson brings produce and fish market to larger space in Ramsey

Commercial real estate firm NAI James E. Hanson announced Friday that it has brokered a long-term lease deal with Ramsey Fine Food Inc. for 11,100 square feet of retail space in Ramsey.

NAI Hanson brings produce and fish market to larger space in Ramsey

Commercial real estate firm NAI James E. Hanson announced Friday that it has brokered a long-term lease deal with Ramsey Fine Food Inc. for 11,100 square feet of retail space in Ramsey.

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Developers see 'opportunity' in 930K sq. ft. spec industrial building

The Rockefeller Group and Alfieri are going big &#8212 even for New Jersey's industrial real estate market.

REIT sells Voorhees mall that is home to municipal offices

A Philadelphia-based real estate investment trust has sold the Voorhees Town Center, it announced earlier this week.

Lee Associates completes lease expansion, extension for Basking Ridge-based law firm

Commercial real estate firm Lee Associates announced Thursday that it has completed a long-term lease expansion and extension in Basking Ridge for the law firm of Carroll McNulty Kull LLC.

After years of working in Jersey, Mass. firm opts to open office here

For an out-of-state construction firm, Tocci Building Cos. has had its fair share of work in the Garden State &#8212 from a mixed-use project in South Orange to a waterfront hotel in Jersey City.

Deal Making in the Commercial Marketplace

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Wyndham earnings rise past Wall Street's expectations

Hospitality company Wyndham Worldwide Corporation said its adjusted earnings rose 7 percent in the third quarter of 2015, topping Wall Street estimates.

Bayonne apartment complex sold for 147.5M

A New York-based real estate company has acquired a Bayonne apartment community for 147. 5 million, it said Monday.

Kislak completes 10M in Union County investment sales

The Kislak Co. Inc. announced Monday the recently sale of four multifamily properties and one retail center in Union County.

The Relationship Between the Small Business Administration and Commercial Real Estate

This infographic contains information from NAR's survey of REALTORS®' use of Small Business Administration loans, education, and training.

More Information

• Read the Commercial Lending Trends Survey.
• Read the Profile of Real Estate Firms.
• Learn more about commercial real estate.
• Read the news release about the... Read More
  
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Commercial Market Opportunities: Medical Office Buildings with Mark Alexander, CCIM

Mark Alexander, CCIM, specializes in helping medical practices do sale/leaseback transactions on their office buildings. He joined this segment of the Commercial Podcast to talk about this potentially lucrative corner of the market, his experience working with clients across the country, and his time as past Commissioner of the Fort Myers Housing Authority.

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Commercial Real Estate Research 2015

This infographic contains a list of the commercial reports NAR's research department has created or contributed to in 2015.

More Information

• See the commercial research reports.
• Learn more about commercial real estate.

 

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Fall 2015: A Market for Optimism & Opportunity

Table of Contents

A Market for Optimism: A Note from the President
Advocacy: Preparing for the Fall Congressional Session
Member Perspective: Accounting Changes
Community Development: Associations in Action
... Read More

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Cybersecurity firm opens U.S. HQ in Hackensack

An Israeli cybersecurity solutions company has opened a U. S. headquarters in Hackensack, it announced Wednesday.

Naked Chicken

New Jersey wasn't necessarily Gary Occhiogrosso's focus as an executive with a New York City-based food franchisor, even as a Bergen County resident of more than a decade.

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Naked Chicken

New Jersey wasn't necessarily Gary Occhiogrosso's focus as an executive with a New York City-based food franchisor, even as a Bergen County resident of more than a decade.

Hampshire Cos. buys, leases back shopping center

The Hampshire Companies has purchased a Wallington retail center in a saleleaseback deal involving the anchor store, ShopRite.

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Hampshire Cos. buys, leases back shopping center

The Hampshire Companies has purchased a Wallington retail center in a saleleaseback deal involving the anchor store, ShopRite.

Joint venture buys 10-building portfolio in Clark

A joint venture between two New Jersey real estate firms has purchased a 10-building mixed-use portfolio in Clark, one of the partners announced Friday.

HFF closes 12M sale of retail strip center in Bergen County

Holliday Fenoglio Fowler L. P. announced Friday that it has closed on the 12 million sale of Essex Square, a retail strip center in Lodi.

Muscle Maker Grill names new CEO

Muscle Maker Grill has promoted one of its executives to CEO, tasking him with leading the restaurant chain's expansion into new and existing markets.

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CBRE Group represents Prologis in acquisition of northern N.J. industrial, retail portfolio

Commercial real estate brokerage CBRE Group Inc. announced Thursday that it has represented Prologis in the acquisition of an industrial and retail portfolio in northern New Jersey from Morris Realty Associates LLC.

Kislak completes 33.1M sale of multifamily portfolio in Chatham

Woodbridge-based The Kislak Company Inc. announced Thursday the sale of a three-building multifamily portfolio in Chatham.

Insurer expands Morristown HQ by 38K sq. ft.

ProSight Specialty Insurance has expanded its headquarters in Morristown, according to the building's owner, Keystone Property Group.

Appeals court sends LG headquarters project back to Englewood Cliffs

A state appeals court Wednesday pumped the brakes on LG Electronics USA's proposed headquarters in the Palisades &#8212 initially planned to be 143 feet tall &#8212 on the grounds that an Englewood Cliffs zoning board decision that would have moved the 300 million project forward failed to consider the impact it would have on the surrounding. . .

Rutgers establishes chair in genomic science named for developer Boraie

Genomic science is a growing weapon in the fight against cancers, especially rare ones, and Rutgers University is establishing a chair to recognize achievements in the field.

Kushner Cos. buys Chatham apartment complex

Kushner Cos. has acquired a 308-unit rental apartment complex in Chatham, the firm announced.

Sitex continues North Jersey push, adding two warehouses

Sitex Group has acquired two more industrial properties in northern New Jersey, adding to a quickly growing portfolio in the region for the New York-based private equity firm.

City life Pierson a leader in commercial real estate

For Jason Pierson, it wasn't enough to take on a new industry altogether, as he did in 2005 when he left a corporate sales job to become a commercial real estate broker.

Bridge Development to build 1.3M sq. ft. logistics center in Perth Amboy

Bridge Development Partners has acquired a remediated 103-acre site in Perth Amboy, where it plans to develop a 1. 3 million-square-foot warehouse and distribution complex.

Cushman Wakefield arranges 22.15M sale of mixed-use portfolio in Clark

Cushman Wakefield&#8217s Metropolitan Area Capital Markets Group announced Monday it has completed the sale of a mixed-use portfolio in Clark for 22. 15 million.

Rock materials distributor expands in Bridgewater

A distributor of granite and marble has leased space in Bridgewater, according to Bussel Realty Corp.

Princeton-based architecture firm receives national recognition

Princeton-based architecture firm ikon. 5 has been awarded the 2015 American Architecture Award for two of its projects located in New Jersey.

Keeping their cool

If you ask Gerard von Dohlen, the freight already is here. And the freezers already are full.

13M project bringing ShopRite to South Plainfield

A new ShopRite is coming to South Plainfield as part of a project worth about 13 million, according to local officials and executives from ownerdeveloper Polimeni International.

Patience, savvy key to finding funding

Anatalie David moved from Texas to Jersey City three years ago to pursue a career as a hair stylist in Manhattan. While in pursuit of success in the Big Apple, David fell in love with the Jersey City community and decided to open her own salon, The Hair Room, on the west side of the Hudson.

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Keeping their cool

If you ask Gerard von Dohlen, the freight already is here. And the freezers already are full.

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13M project bringing ShopRite to South Plainfield

A new ShopRite is coming to South Plainfield as part of a project worth about 13 million, according to local officials and executives from ownerdeveloper Polimeni International.

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CBRE brokers sale of neighborhood center in Mullica Hill

CBRE Inc. announced Friday that it has brokered the sale of Mullica Hill Plaza, an 85,842-square-foot neighborhood center in Mullica Hill.

Terreno Realty acquires building in East Rutherford for 9.3M

Terreno Realty Corp. announced Friday that it has acquired an industrial property in East Rutherford for approximately 9. 3 million.

Power technology company moving HQ to East Rutherford

A green power technology company is moving its headquarters from Carlstadt to East Rutherford, investing 8 million in a new building, it announced recently.

NGKF brokers full-building deal with Atlantic Health in Rockaway

Atlantic Health System has expanded its footprint and is now the sole tenant at a Rockaway office building owned by Lexington Realty Trust, in a deal brokered by Newmark Grubb Knight Frank.

Bussel brokers sale of distribution facility in Maplewood

Bussel Realty Corp. announced Thursday that it has brokered the sale of an 89,503-square-foot distribution facility in Maplewood.

Cherry Hill vending and coffee company moving to Woodbury

A Cherry Hill vending and coffee company is moving to the former South Jersey Times building in Woodbury after purchasing the site, according to a published report.

HouseMaster LLC to acquire HouseMaster Canada

Ewing-based HouseMaster LLC, a home inspection company, announced Thursday that it has acquired Greensaver Energy Services Inc. , the HouseMaster Canada master franchisee.

The Relationship Between the Small Business Administration and Commercial Real Estate

This infographic contains information from NAR's survey of REALTORS®' use of Small Business Administration loans, education, and training.

More Information

• Read the Commercial Lending Trends Survey.
• Read the Profile of Real Estate Firms.
• Learn more about commercial real estate.

 

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Celgene completes deal for Merck campus in Summit

Celgene Corp. has completed its purchase of the former Merck Co. research and development complex in Summit, giving a new lease on life to the 1. 3 million-square-foot campus as the biotech giant continues its expansion in the city.

Industrial real estate market stays strong as vacancy keeps shrinking

The Garden State's industrial real estate market continued to shine in the third quarter, bringing vacancy down to levels not seen since before the recession.

Commercial Market Opportunities: Medical Office Buildings with Mark Alexander, CCIM

Mark Alexander, CCIM, specializes in helping medical practices do sale/leaseback transactions on their office buildings. He joined this segment of the Commercial Podcast to talk about this potentially lucrative corner of the market, his experience working with clients across the country, and his time as past Commissioner of the Fort Myers Housing Authority.

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Denver firm buys Chester shopping center for 53.8M

A Denver-based real estate investment trust has made its first purchase in North Jersey, buying a shopping center for 53. 8 million.

Denver firm buys Chester shopping center for 53.8M

A Denver-based real estate investment trust has made its first purchase in North Jersey, buying a shopping center for 53. 8 million.

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Seven food retailers sign on for College Avenue project in New Brunswick

An assortment of eateries is coming to the New Brunswick development project known as The Yard College Avenue, according to commercial real estate provider Pierson Commercial and the New Brunswick Development Corporation.

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Seven food retailers sign on for College Avenue project in New Brunswick

An assortment of eateries is coming to the New Brunswick development project known as The Yard College Avenue, according to commercial real estate provider Pierson Commercial and the New Brunswick Development Corporation.

Mack-Cali announces lease at Harborside on the Jersey City waterfront

Mack-Cali Realty Corp. announced Monday that SunGard Financial Systems LLC, a financial software company, has leased 41,061 square feet on the Jersey City waterfront.

Commercial Market Opportunities: Medical Office Buildings with Mark Alexander, CCIM

Mark Alexander, CCIM, specializes in helping medical practices do sale/leaseback transactions on their office buildings. He joined this segment of the Commercial Podcast to talk about this potentially lucrative corner of the market, his experience working with clients across the country, and his time as past Commissioner of the Fort Myers Housing Authority.

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Covanta starts operation of metals processing facility in Pa.

Morristown-based Covanta, a sustainable waste and energy solutions provider, announced Monday the startup of a new metal recycling facility in Fairless Hills, Pennsylvania.

Joyce Leslie appoints new CEO

Moonachie-based Joyce Leslie Inc. announced Monday that it has appointed Celia Clancy as its new CEO, effective Oct. 6.

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Distinctive pairing

If you want to distinguish yourself from all the other better burger restaurants that are popping up around New Jersey, you need to do something, well, distinctive.

Distinctive pairing

If you want to distinguish yourself from all the other better burger restaurants that are popping up around New Jersey, you need to do something, well, distinctive.

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Behind the scenes

Odds are good that the company manufactured the television in your living room and the electric razor in your bathroom. If you&#8217re lucky, it may have even created the lithium-ion batteries powering your car.

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Guadagno Nestle deal a 'door opener' for life science sector

When it comes to telling New Jersey's economic development success stories, having names like Panasonic, Bayer and Subaru can go a long way in convincing other companies to stay and grow here.

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Alfred Sanzari Enterprises announces two leases at Court Plaza South

Real estate developer and owner Alfred Sanzari Enterprises announced Friday it has completed two lease transactions at the Court Plaza South in Hackensack.

Guadagno Nestle coming to N.J. is economic success story for the state

When it comes to telling New Jersey&#8217s economic development success stories, having names like Panasonic, Bayer and Subaru can go a long way in convincing other companies to stay and grow here.

Sitar Realty announces flurry of real estate transactions

Iselin-based Sitar Realty Company announced Thursday multiple real estate transactions.

Chambers Street Properties executes four major leases

Chambers Street Properties, a Princeton-based real estate investment trust, announced Friday that it has executed four major lease transactions, totaling 516,000 square feet.

CW brokers 120M trade of office complex in Rutherford

Cushman Wakefield Metropolitan Area Capital Markets Group announced Thursday that it has brokered the 120 million sale of The Meadows Office Complex in Rutherford.

HFF arranges 23.8M in construction financing for facility in Elizabeth

Holliday Fenoglio Fowler L. P. announced Thursday that it has arranged 23. 8 million in construction financing for a freezer warehouse in Elizabeth.

Devils, Pru Center set to unveil new amenities for fans, businesses

It may be less than a decade since the Prudential Center opened in Newark, but Hugh Weber knows that fans and businesses always have other options when it comes to spending their entertainment dollar.

Devils, Pru Center set to unveil new amenities for fans, businesses

It may be less than a decade since the Prudential Center opened in Newark, but Hugh Weber knows that fans and businesses always have other options when it comes to spending their entertainment dollar.

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Nestle to open new health science RD facility in Bridgewater

Nestle Health Science will open a 180,000-square-foot research and development facility at Advance Realty&#8217s Center of Excellence campus in Bridgewater, becoming the latest tenant at the 110-acre site once occupied by Sanofi U. S.

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Nestle to open new health science RD facility in Bridgewater

Nestle Health Science will open a 180,000-square-foot research and development facility at Advance Realty&#8217s Center of Excellence campus in Bridgewater, becoming the latest tenant at the 110-acre site once occupied by Sanofi U. S.

Real Estate Strategies Corp. leadership joins JLL

JLL announced that Andrew Zezas, CEO of New Jersey-based Real Estate Strategies Corp. , has joined the firm's New Jersey operation as a managing director.

Hand Stone coming to Watchung shopping center

A national massage chain has leased space in Watchung, according to Levin Management.

Marcus Millichap arrange sale of 48-unit 'pre-war' apartment building

Commercial real estate firm Marcus Millichap announced Thursday it has arranged the sale of a &#8220pre-war&#8221 apartment property in Elizabeth, according to Brian C. Hosey, regional manager of the firm's New Jersey office.

Hoboken product company announces new CEO

Hoboken-based BEABA, a juvenile product company, announced that Lisa Speransky has been appointed CEO of its North American subsidiary.

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Onyx closed 500K sq. ft. of leases in first half of 2015

Onyx Equities said Tuesday that it closed 73 leases totaling nearly half a million square feet during the first half of the year.

Hamilton shopping center fetches 6.4M

Holliday Fenoglio Fowler L. P. has closed on the 6. 4 million sale of a Hamilton shopping center, it announced Tuesday.

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Hamilton shopping center fetches 6.4M

Holliday Fenoglio Fowler L. P. has closed on the 6. 4 million sale of a Hamilton shopping center, it announced Tuesday.

Construction company buys Clifton office building

A heavy construction company has bolstered its real estate holdings with the purchase of an office building in Clifton, according to real estate advisory firm Cresa NJ &#8211 NorthCentral.

Toys R Us is the latest to sign on for American Dream

Wayne-based Toys R Us is the latest major retailer to take space at the American Dream project in the Meadowlands, it said Tuesday.

Toys R Us is the latest to sign on for American Dream

Wayne-based Toys R Us is the latest major retailer to take space at the American Dream project in the Meadowlands, it said Tuesday.

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Sign supply company leases 15K sq. ft. in Edison

Sign and graphics supply company N. Glantz Son LLC has leased space in Edison, according to real estate services firm Bussel Realty Corp.

The wait is over Groundbreaking takes place for major Metuchen project

After years of planning and pondering by local officials, construction is underway on a planned residential and retail complex a block away from Metuchen's busy train station.

Developers cut ribbon on luxury apartment complex in Harrison

The long-running effort to transform Harrison's waterfront has taken another step forward with the opening of 221 Bergen, a new 104-unit residential complex at the site of a former cookie factory.

Affordable extravagance Zinburger wine and burger bar bills itself as 'the new American steakhouse'

If you want to distinguish yourself from all the other better burger restaurants that are popping up around New Jersey, you need to do something, well, distinctive.

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Ribbon-cutting marks next step for Tucker's New Jersey efforts

Richard Tucker knows a good development site when he sees it &#8212 like the heavily trafficked, 11-acre parcel along Springfield Avenue in Newark that his firm began to covet more than seven years ago.

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At Rutgers, new buildings are community effort

For a campus that has looked essentially the same for 50 years, a few new buildings will be a welcome sight.

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'It's a terrific catalyst for the community'

With the view from his 24th-floor office and a pair of binoculars given to him by his wife, John Strangfeld watched step by step over two years as Prudential Financial's new 20-story, glass skyscraper was being erected just north of the company's global headquarters in Newark.

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Ribbon-cutting marks next step for Tucker's New Jersey efforts

Richard Tucker knows a good development site when he sees it &#8212 like the heavily trafficked, 11-acre parcel along Springfield Avenue in Newark that his firm began to covet more than seven years ago.

At Rutgers, new buildings are community effort

For a campus that has looked essentially the same for 50 years, a few new buildings will be a welcome sight.

Good neighbors

Executives from Bijou Properties had gathered in uptown Hoboken in early 2009, excited to cut the ribbon on the firm's new 30-unit, high-end condo building known as Garden Street Lofts.

'It's a terrific catalyst for the community'

With the view from his 24th-floor office and a pair of binoculars given to him by his wife, John Strangfeld watched step by step over two years as Prudential Financial's new 20-story, glass skyscraper was being erected just north of the company's global headquarters in Newark.

Big deals inject some life into N.J. office market

New Jersey's office market took another positive step in the third quarter, commercial real estate brokers say, thanks to a healthy stretch of leasing activity and deals by several large tenants.

Office solutions company opens South Jersey office

Office technology provider TG Industries Inc. has opened a southern New Jersey office in Cherry Hill, according to real estate firm Wolf Commercial Real Estate.

Bookseller, law firm expand space in Basking Ridge

Two tenants at a Basking Ridge building have expanded their leases, according to property owner and operator Vision Properties.

Pru Center, N.J. Devils partner with Goya

The Prudential Center and the New Jersey Devils have teamed with Goya Foods in a broad partnership deal that will include prominent branding, new food concepts at the Newark arena and charitable efforts around the state, the organizations announced Thursday.

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Redwood Realty completes 3 apartment sales, totals 6.5M

Redwood Realty Advisors announced Wednesday that it has brokered the sale of three apartment properties in New Jersey.

Physician network to open 'Virtua Express Urgent Care Center' at Levin-managed shopping center

Virtual Medical Group announced Wednesday that it has leased 5,800 square feet at the Fairground Plaza in Mount Holly.

Zimmel Brokers 140,000 sq. ft. lease at the Heller Industrial Park

Edison-based corporate real estate services firm Zimmel Associates announced Wednesday that it has represented Packaging and Distribution Resources Inc. in a new long-term lease within the Heller Industrial Park in Edison.

Wyndham Hotel Group adds development exec

Wyndham Hotel Group, a unit of Parsippany-based Wyndham Worldwide, has named a new chief development officer for North American operations, it announced Wednesday.

Past meets present as Prudential opens new 444M Newark tower

If you're the head of a 140-year-old company, it can't hurt to have a sense of history. That&#8217s exactly what John Strangfeld had Tuesday as he formally opened Prudential Financial&#8217s gleaming new 20-story office tower in downtown Newark.

Global accounting firm KPMG leases space in Short Hills

Mack-Cali Realty Corp. announced Tuesday that global accounting firm KPMG has signed a 54,000-square-foot lease at a recently renovated building in Short Hills.

Family law firm to occupy 5,000 sq. ft. at Sanzari-owned office property

Family law and divorce attorneys Moskowitz Law Group LLC announced Tuesday that it has relocated within Hackensack to approximately 5,000 square feet of space at the Court Plaza North.

Commercial Real Estate Research 2015

This infographic contains a list of the commercial reports NAR's research department has created or contributed to in 2015.

More Information

• See the commercial research reports.
• Learn more about commercial real estate.

 

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Ribbon-cutting marks next step for Tucker's New Jersey efforts

Richard Tucker knows a good development site when he sees it &#8212 like the heavily trafficked, 11-acre parcel along Springfield Avenue in Newark that his firm began to covet more than seven years ago.

Home furnishings retailer moves into Livingston location

A home furnishings retailer has signed a lease at a space along Livingston Circle Route 10, according to manager and developer Eastman Companies.

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Home furnishings retailer moves into Livingston location

A home furnishings retailer has signed a lease at a space along Livingston Circle Route 10, according to manager and developer Eastman Companies.

Hollister to build 200M Staten Island project

Hollister Construction Services has been chosen to build a 200 million mixed-use project in Staten Island, it announced recently.

Amfine, ADEKA lease space at Heights Plaza

Amfine Chemical Corporation and ADEKA USA Corporation have leased space at Heights Plaza, moving their headquarters from Upper Saddle River and Hackensack to the Hasbrouck Heights office building.

Sussex County Walgreens sells for 9.14M

A new Walgreens in Franklin has a new owner, according to real estate services firm Marcus Millichap.

In commercial real estate, bigger isn't better #8212 and it isn't what's moving

It wasn't long ago that bigger was seen as better by many industrial developers in New Jersey.

Supply chain management company moving N.J. operations to Little Falls

Supply chain management solutions company SPS Commerce has signed a long-term lease at Overlook Corporate Center in Little Falls.

Bed Bath Beyond earnings meet expectations, but comparable sales fall short

Bed Bath Beyond Inc. said net earnings rose in the second quarter of fiscal 2015 from the year-earlier period, matching the consensus Wall Street estimate.

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'Iconic' 700M project coming to Camden waterfront

Liberty Property Trust, a major development firm headquartered outside of Philadelphia, announced its plans Thursday to build a mixed-use development on the Camden waterfront that officials say will be &#8220transformative&#8221 and will create an &#8220iconic&#8221 skyline for the city.

Syska Hennessy Group's N.J. office moves to Hamilton

Syska Hennessy Group Inc. , a consulting, engineering and commissioning firm, announced Thursday that its New Jersey regional office has relocated to Hamilton.

330M Jersey City apartment tower hits 713-foot mark

A structure that will become the tallest residential building in New Jersey has reached its full height of 713 feet, as the developers of the Jersey City skyscraper now look ahead to a late 2016 opening.

HFF closes 7.8M sale of southern N.J. retail center

Holliday Fenoglio Fowler L. P. announced Thursday that it has closed the 7. 8 million sale of the Willingboro Town Center South, a 29,246-square-foot shopping center in southern New Jersey.

Denholtz Associates completes 5.5M refinancing of Lehigh Valley properties

Matawan-based real estate company Denholtz Associates announced Thursday it has completed a 5. 5 million refinancing with TD Bank of two of its flex-industrial buildings in the heart of the Lehigh Valley industrial market.

National children's clothing retailer to open at shopping center in Raritan

Chidren&#8217s apparel and accessories brand Carter's announced Wednesday that it has signed a lease for 4,300 square feet at the Somerville Circle Shopping Center in Raritan.

NAI Hanson inks lease deal for industrial building in Westwood

Commercial real estate firm NAI James E. Hanson announced Tuesday that it has facilitated a lease agreement with L2 LLC for an 11,360-square-foot industrial building in Westwood.

Engineering firm Langan opens office in London

One of New Jersey's largest engineering firms is expanding its global footprint.

Marcus Millichap arrange 1.25M sale of mixed-use property in Succasunna

Commercial real estate investment firm Marcus Millichap announced Monday the sale of a mixed-use property located in Succasunna, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

Fall 2015: A Market for Optimism & Opportunity

Table of Contents

A Market for Optimism: A Note from the President
Advocacy: Preparing for the Fall Congressional Session
Member Perspective: Accounting Changes
Community Development: Associations in Action
... Read More

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Street smart

More than 20,000 Hoboken residents were stranded for days without power or water and surrounded by massive flooding caused by Hurricane Sandy three years ago. That's what happens when your city sits five feet below sea level.

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A new course

When it comes to country clubs, Eric Witmondt and Bruce Schonbraun know the stereotype &#8212 a focus on golf and not much else, an exclusive feel that&#8217s not so welcoming to their members&#8217 families. They also know that&#8217s not always what members are looking for these days.

Street smart

More than 20,000 Hoboken residents were stranded for days without power or water and surrounded by massive flooding caused by Hurricane Sandy three years ago. That's what happens when your city sits five feet below sea level.

Stockton Blatstein buying Showboat casino for 22 million

Stockton University has agreed to sell the former Showboat Casino Hotel in Atlantic City to developer Bart Blatstein&#8217s firm for 22 million, the school announced Friday.

Tour offers look at Newark's past and future development

The tour was supposed to be by trolley but, at the zero hour, the transport was nowhere to be found. At the last minute, members of the Newark Community Economic Development Corporation, Choose NJ and the NJEDA arranged a shuttle from nearby Hotel Indigo to charter community leaders and investors around the city of Newark to get a firsthand view. . .

Inspira plans to build new hospital in South Jersey

Inspira Health Network announced it intends to build a new medical center, expanding its presence in Gloucester County and moving some services from its Woodbury location.

Stockton board OKs sale of Showboat

Stockton University&#8217s board of trustees voted Wednesday to sell the former Showboat Hotel Casino property in Atlantic City, though school officials declined to disclose the buyer and sale price until the end of a due diligence period.

Speakers tout thriving industrial markets at commercial real estate conference

When Tom Monahan describes how consumer habits have changed, he only needs to point to New York City &#8212 namely, to the package rooms that come as part of any new luxury residential tower.

Toys R Us posts operating profit in second quarter

Toys R Us reversed an operating loss in its second quarter of 2015, it said Tuesday.

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Retailer Ascena posts operating loss for Q4

Ascena Retail Group Inc. suffered an operating loss for its fiscal fourth quarter, but adjusted earnings did top analyst expectations, the company reported Wednesday.

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Real Estate Ready for Safe, Responsible Commercial Drones

Published in The Hill

The Federal Aviation Administration recently crossed a major milestone. 

Over 1,300 Section 333 waivers have now been issued for the commercial use of small, unmanned aerial systems – also known as UASs or drones – that weigh less than 55 pounds. That’s big news in the real estate industry, as a significant percentage of those waivers have gone to users in the business of real estate.   

Although wide-scale commercial use for drones is currently prohibited, the FAA’s work to streamline the waiver process... Read More

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Report blames Saatkamp, Caesars in Showboat deal

A new report lays blame largely on Stockton University's former president in the school's ill-fated purchase of Showboat Casino Hotel in Atlantic City last year, citing his &#8220haste to obtain approval of the deal&#8221 and failure to tell the board of trustees about legal hurdles that ultimately derailed plans to convert the gaming hall to a. . .

Developer Blatstein agrees to buy Showboat from Stockton, source says

Developer Bart Blatstein is in line to buy the shuttered Showboat Casino Hotel from Stockton University, a purchase that could close the door on the school's ill-fated plans to convert the property to a satellite campus, NJBIZ has learned.

Ibis Plaza converting Mount Laurel building to office rentals

Ibis Plaza Office Suites has acquired a 23,000-square-foot building in Mount Laurel and plans to convert it to its &#8220Express Offices&#8221 format, it announced Tuesday.

Avison Young to serve as leasing agent for Hackensack office building

Commercial real estate services firm Avison Young said recently it has been named the exclusive office leasing agent for a Hackensack building.

HFF arranges 23.7M refinancing for New Jersey office complex

Holliday Fenoglio Fowler L. P. announced Monday that it has arranged 23. 6 million in financing for an officeflex complex in Wall Township.

Former Schindler, L'Oreal exec to lead Toys R Us' human resources

Toys R Us Inc. has named a new head of human resources, it announced Monday.

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Major Camden project gets 253M incentive from EDA

The Economic Development Authority voted last week to approve the second-largest incentive package ever slated for Camden under the Economic Opportunity Act, highlighting a day that saw the approval of well over 300 million in tax credits for Grow New Jersey and Economic Redevelopment and Growth projects statewide.

Cashing in on colleges

Theresa LaMonaca could feel the downtown of Pitman shifting and was self-consciously aware her shop, Treasures on Broadway, would not fit the new landscape.

Cashing in on colleges

Theresa LaMonaca could feel the downtown of Pitman shifting and was self-consciously aware her shop, Treasures on Broadway, would not fit the new landscape.

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How the ultimate sports fan can 'wear the game'

It started as one of those silly things OK, dumb a college guy would do.

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All the buzz The desire to be dapper, or, dare we say, be Don Draper spurs growth in grooming

In June 2013, Khalil Malamug knew it was go big or go homeHaving cut hair since age 14, the 30-year-old Malamug said he was ready to pour his life savings into his own barbershop.

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NAR President Testifies Before House Judiciary Subcommittee in Support of Responsible Commercial Drone Use

NAR President Chris Polychron testifying before the U.S. House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet

WASHINGTON (September 10, 2015) – Today, National Association of Realtors® President Chris Polychron testified before the U.S. House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet at a hearing entitled “... Read More

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Ibis Plaza Office Suites adds Mount Laurel office space to its portfolio

Hamilton-based Ibis Plaza Office Suites announced Thursday that it has acquired a 23,000-square-foot office building in Mount Laurel.

Saks, Lord Taylor, OFF 5TH coming to American Dream

The developer of the American Dream New Jersey project in the Meadowlands said Friday that three popular retail brands will have a presence when the complex opens in late summer 2017.

Saks, Lord Taylor, OFF 5TH coming to American Dream

The developer of the American Dream New Jersey project in the Meadowlands said Friday that three popular retail brands will have a presence when the complex opens in late summer 2017.

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HFF arranges 83M refinancing for 14-property portfolio in N.J., Mass.

Holliday Fenoglio Fowler L. P. announced Friday that it has arranged 83. 45 million refinancing for a 14-building portfolio consisting of 946,374 square feet in New Jersey and Massachusetts.

Mack-Cali shifting focus to Gold Coast, multifamily properties

For Mack-Cali Realty Corp. , new leadership means a new direction.

EDA approves three public-private projects on NJCU campus

The state Economic Development Authority has cleared the way for developers to bring more than 600 housing units and a major retail project to the west side of Jersey City over the next several years.

Cushman Wakefield brokers HQ lease for logistics firm in Jersey City

Cushman Wakefield announced Thursday that it has brokered a headquarters lease with Standard Logistics in Jersey City.

Fine Italian Foods leases space in Avenel

Bussel Realty Corp. announced Thursday that Fine Italian Foods Inc. has leased 17,360 square feet of space at a 32,000-quare-foot industrial property in Avenel.

Fine Italian Foods leases space in Avenel

Bussel Realty Corp. announced Thursday that Fine Italian Foods Inc. has leased 17,360 square feet of space at a 32,000-quare-foot industrial property in Avenel.

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Conn.-based engineering firm leases space at Berger's Military Park in Newark

GeoDesign Inc. has leased office space at The Berger Organization&#8217s 250,000-square-foot Military Park building in Newark.

Webinar Playback: The Internet of Things

Learn how big data is expected to affect infrastructure and the real estate industry. Chad Curry, managing director for NAR's Center for REALTOR® Technology, gives a high level overview of the "internet of things" as it relates to real estate and the potential impact to business.

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Kering Eyewear establishes N.J. headquarters in Somerset

Kering Eyewear has officially establish its first New Jersey-based headquarters in Somerset, according to SJP Properties.

Commercial Sales Expectations for First Quarter 2015

This infographic looks at commercial sales data from the first quarter of 2015, including both large and small commercial markets.

See more data.

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Law firm relocates to Glenpointe in Teaneck

The law firm Okin Hollander LLC has relocated from Fort Lee to Alfred Sanzari Enterprises&#8217 mixed-use GlenPointe complex in Teaneck.

NAI Mertz exclusively leases Class A office building in Cherry Hill

NAI Mertz announced Wednesday that it has been appointed the exclusive leasing agent for a Class A office building in Cherry Hill.

With students moved in, retail now taking shape at TCNJ's Campus Town

As the name might suggest, Campus Town is meant to serve both The College of New Jersey and Ewing Township.

R.J. Brunelli names new CEO, president among leadership changes

Old Bridge-based R. J. Brunelli Co. has made some changes at the top, as founder Richard Brunelli steps away from the real estate brokerage's day-to-day operations.

How FotoBridge is transforming the photo business

If you&#8217re over 40, you know the deal Half of your photos are traditional hard copy prints while the other half are digital. How can you keep them all together?

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First Field Jersey-sourced ketchup is catching on

It all started in 2009 as a way to unwind from their full-time obligations Theresa Viggiano was studying medical sociology and Patrick Leger was working for Giverny Capital Advisors, when he suggested tinkering with his mother's ketchup recipe.

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Whitaker, Profeta key Newark job initiative

If you ask the Rev. Gerald Whitaker &#8212 not to mention many other stakeholders around Newark &#8212 the city&#8217s two biggest challenges are jobs and public safety. And he feels one has plenty to do with the other.

At HighRoad, being a printer is just the start

&#8220Print is not dead. &#8221That&#8217s according to Hallie Satz, founder and CEO of HighRoad Press. &#8220Now, it&#8217s called integrated marketing,&#8221 she said. &#8220Digital and print work together as part of a total campaign. &#8221

Building block?

Greg Lentine calls Campus Town a win-win, and it's not hard to see why.

Staying power Pope Francis is big business for renters

The accommodations are what you&#8217d hope to find a row home with three bedrooms and two and a half baths, located less than five miles away from where Pope Francis will give his Mass in Philadelphia and, best of all, it&#8217s just a short walk to public transportation.

148-unit Medford apartment complex sold

A Medford apartment complex has been sold off market, according to Woodbridge-based real estate brokerage The Kislak Company Inc.

Primo Hoagies leases space in Cherry Hill

WCRE announced Friday that it has represented RHM Cherry Hill dba Primo Hoagies in leasing approximately 1,820 square feet of retail space at the 926 Plaza in Cherry Hill.

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Commercial Lending with David Manshoory

The commercial lending space is undergoing a sea change due to changes in technology and regulation with peer-to-peer lending and crowdfunding companies leading the way. Tune in to learn about the evolving commercial lending landscape with David Manshoory, CEO and Co-Founder of AssetAvenue, part of the 2015 class of REach® accelerator companies.

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BiologicTx expands national footprint with acquisition of Sunshine Infusion Services

Totowa-based BiologicTx announced Wednesday that it has expanded its national footprint in by acquiring Chicago-based Sunshine Infusion Services Inc.

NAI DiLeo-Bram Co. relocates Barker Lounge to Cranford

NAI DiLeo-Bram Co. announced Wednesday that it has relocated the Barker Lounge from Roselle to Cranford.

Bayonne says Barnabas' emergency center will 'mark major redevelopment' on Broadway

A developer will build a new emergency medical center for Barnabas Health in Bayonne, in what city officials hope will be a catalyst for redevelopment in the downtown.

Nippon Paint renews lease at Sanzari-owned Hackensack plaza

Nippon Paint USA Inc. , a subsidiary of Nippon Paint Holdings Co. Ltd. , announced Tuesday that it has renewed 3,400 square feet of space at Glenpointe Centre East in Teaneck.

Babe Ruth League expands HQ in Hamilton

The Babe Ruth League Inc. youth sports league has purchased an office and warehouse property in Hamilton for 712,500, Colliers International announced Tuesday.

State senator joins Avison Young to bolster its health care practice

A high-ranking New Jersey lawmaker has joined Avison Young as a consultant focused on growing its expertise in health care, the real estate services firm announced.

The Berger Organization announces new tenant at 570 Broad

The Berger Organization announced Tuesday that The International Organization of Masters, Mates and Pilots has leased 4,000 square feet of office space at 570 Broad in Newark.

Vision Real Estate, Mill Creek Residential pair up to revamp Bayer campus in Montville

Vision Real Estate Partners has teamed with a well-known multifamily builder to redevelop a former Bayer HealthCare office park in Montville, where it plans to renovate one building while seeking new zoning for a residential component on the remainder of the site.

Big pharma still a force in Jersey's office market

For a company that knows how to grab headlines, last week was no different for Valeant Pharmaceuticals International Inc.

Goldstein Group brokers leases for 7-Elevens

The Goldstein Group has negotiated leases for four new 7-Eleven stores around New Jersey, it said Monday.

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Goldstein Group brokers leases for 7-Elevens

The Goldstein Group has negotiated leases for four new 7-Eleven stores around New Jersey, it said Monday.

Generic topical maker buys Vineland building

IGI Laboratories Inc. is expanding its headquarters with the acquisition of a building in Vineland, according to real estate firm Wolf Commercial Real Estate.

Employment and Low Interest Rates Drive Commercial Real Estate Gains

With improving economic fundamentals, demand for commercial space continued improving across all property types, according to The National Association of REALTORS® Commercial Real Estate Outlook: 2015.Q3 report. 

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iCIMS signs lease at Metropark South in Matawan

Denholtz Associates, a real estate investment, development and management company, announced Thursday it has executed a 47,750-square-foot long-term lease with iCIMS at Metropark South in Matawan.

Oakland industrial building to become temple, community center

An industrial building in Oakland has been sold and will be converted into a religious community center and temple, according to real estate firm The Garibaldi Group.

Flash Sale: 50% Off: Discovering Commercial Real Estate Online Course

This course offers a broad overview of the basics of commercial real estate and how it differs from residential real estate. Students will be able to compare (distinguish or understand) the broker’s role and discover the different types of commercial properties, terms, valuation methods, marketing and resources for further education. While it will not equip an agent with the needed tools to practice commercial real estate, it will explain the business and introduce many of the resources needed to pursue a commercial transaction or a career in commercial real estate.

This is an... Read More

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DTZ completes sales totaling 35M in N.J. and Pa.

Chatham-based DTZ, a commercial real estate services firm, announced Wednesday that it has completed three recently sales totaling more than 35 million.

Children's Place loss shrinks in Q2

Children's specialty retailer The Children's Place Inc. reported a loss in its fiscal second quarter, matching the figure expected by Wall Street.

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Brick real estate group acquires Camden housing community

A private equity real estate group has acquired an affordable housing community in Camden, with plans for a 1. 5 million capital improvement program.

Commercial Expectations for Third Quarter 2015

The information in this infographic is from NAR's third quarter commercial forecast report.

See more data.

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Avison Young adds industry veteran as a principal

J. C. Giordano has joined commercial real estate services firm Avison Young as a principal, the firm said.

Three sign leases at Hackensack center

Summit Plaza in Hackensack, a shopping center owned by Alfred Sanzari Enterprises, has three new tenants, the property owner and manager announced Monday.

Three sign leases at Hackensack center

Summit Plaza in Hackensack, a shopping center owned by Alfred Sanzari Enterprises, has three new tenants, the property owner and manager announced Monday.

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Valeant doubles office space in Bridgewater, to 620K sq. ft.

Valeant Pharmaceuticals International Inc. has leased another 310,000 square feet at Somerset Corporate Center in Bridgewater, doubling its footprint at the SJP Properties-owned complex less than two years after establishing its U. S. headquarters there.

Real estate firm expands location to Vorhees

PCF Management LLC has exclusively leased and marketed a new location to a real estate firm in the Sturbridge Office Park in Voorhees, according to WCRE.

Ascena Retail Group acquires ANN Inc.

Ascena Retail Group Inc. announced Friday that it has acquired Ann Inc.

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UMH Properties announces closing of three manufactured home communities

UMH Properties Inc. announced Friday that it has closed on its agreement to purchase three manufactured home communities.

NAI Hanson brokers sale-leaseback for exhibit builder

The Mahwah building that houses exhibit builder Dimensional Communications Inc. has been sold as part of a sale-leaseback deal, according to real estate firm NAI James E. Hanson.

NAI Hanson brokers sale of retail center in Haskell

Commercial real estate firm NAI James E. Hanson announced Thursday that it has brokered the sale of a retail center in Haskell.

Walgreens to open in Teaneck by next year

Win Development LLC announced Thursday it has submitted construction and engineering plans to the City of Teaneck and Bergen County to build a Walgreens.

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Walgreens to open in Teaneck by next year

Win Development LLC announced Thursday it has submitted construction and engineering plans to the City of Teaneck and Bergen County to build a Walgreens.

Vacancies Decline in REALTORS® Commercial Markets in Q2.2015

Vacancy rates mirrored regional and product variations, as most properties posted availability declines. Apartments experienced availability increases due to rising supply. Industrial availability posted the largest year-over-year decline, followed by retail and office vacancies

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Demand in REALTORS® Commercial Markets Outpaces Construction in Q2.2015

Leasing volume during the second quarter rose 4.7 percent over the previous quarter, and leasing rates rose 2.7 percent in the second quarter, compared with the 2.8 percent advance in the previous quarter, according to the Commercial Real Estate Market Trends report. 

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Samsung unit expands, moves to Ridgefield Park

Samsung's information and communications technology wing, Samsung SDS, is expanding its New Jersey presence, signing a lease at the Overpeck Corporate Centre in Ridgefield Park.

Riker Danzig affirms commitment to Morristown with new lease

Riker Danzig Scherer Hyland Perretti LLP is the largest single office tenant in downtown Morristown. So when its lease at Headquarters Plaza came up, there was significant interest to keeping the law firm in town.

R.J. Brunelli announces lease for Dollar Tree, Ulta, Massage Envy and others in N.J.

Old Bridge-based R. J. Brunelli Co. LLC announced Tuesday that it has completed a series of leases bringing major retailers and professional services to sites in New Jersey.

Trenton Times building sold to become charter school

The former Trenton Times building in Trenton will become a school after its purchase by a Utah company, according to real estate firm Segal LaBate Commercial Real Estate.

Irvington industrial building fetches 3.1M

An industrial facility in Irvington has sold for 3. 1 million, according to real estate services firm Bussel Realty Corp.

Two North Jersey shopping centers sell for 29M-plus

Two North Jersey shopping centers sold earlier this summer for more than 29 million combined, according to real estate services firm Marcus Millichap.

HFF arranges sale, financing of independent living facility in Teaneck

A Teaneck independent living facility has been sold and financed, according to real estate services firm Holliday Fenoglio Fowler L. P.

Two North Jersey shopping centers sell for 29M-plus

Two North Jersey shopping centers sold earlier this summer for more than 29 million combined, according to real estate services firm Marcus Millichap.

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Zoetis signs 12-year lease for Parsippany office building owned by Normandy

Zoetis, the animal health company spun off from Pfizer in 2013, will relocate its global headquarters to Parsippany from Florham Park in a deal with Normandy Real Estate Partners.

HFF closes, secures 33.23M financing for living facility in Teaneck

Holliday Fenoglio Fowler L. P. announced Monday that it has closed on the sale of and secured financing for Heritage Pointe of Teaneck, a 142-unit independent living facility in Bergen County.

AutoZone opens store in Old Bridge

AutoZone has leased 7,500 square feet at an Old Bridge shopping center, according to real estate services firm Levin Management.

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AutoZone opens store in Old Bridge

AutoZone has leased 7,500 square feet at an Old Bridge shopping center, according to real estate services firm Levin Management.

Marcus Millichap secure exclusive listing of industrial property in Little Ferry

Marcus Millichap announced Monday that it has secured the exclusive listing for a multitenant industrial and office complex in Little Ferry.

Monmouth Real Estate acquires industrial building in Texas airport

Monmouth Real Estate Investment Corporation announced Monday that it has acquired an industrial building in Fort Worth, Texas, for approximately 35. 3 million.

Hekemian feels ES4 project will fill a need in Bergen County

Peter Hekemian sees a hole in the office market when he looks around Bergen County &#8212 one that his development firm is trying to fill with its newest project at the site known as Englewood South.

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Hekemian feels ES4 project will fill a need in Bergen County

Peter Hekemian sees a hole in the office market when he looks around Bergen County &#8212 one that his development firm is trying to fill with its newest project at the site known as Englewood South.

Build-to-suit needs fuel new office construction

If you can't find the space you need, you may as well have someone build it for you.

St. Michael's move to bring more scrutiny to sale

The decision by Saint Michael&#8217s Medical Center in Newark to file for Chapter 11 bankruptcy protection last week may have been intended to force the state&#8217s hand in terms of approving for-profit Prime Healthcare&#8217s purchase of the hospital.

Design details

When Kraig Kalashian got the call to design the renovations for the QC Hotel in New Orleans, he knew it was a budgetary decision on the client&#8217s part. He also knew his budding, Chester-based architecture and design group wouldn&#8217t make much money on the project.

Yield Premium Favors REALTORS® Commercial Markets in Q2.2015

Based on the latest NAR report on REALTORS® CRE markets, capitalization rates declined to an average of 7.5 percent across all property types, an 85 basis point decline on a yearly basis. Apartments posted the lowest cap rate, while retail transactions reported the highest comparative cap rates.

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Jean Maday Named 2015 Woman of Influence

Real Estate Forum magazine's 2015 list features 350 nominees based on their achievements in, contributions to, and reputation in the business of commercial real estate. Jean Maday, Director of Commercial Real Estate, is listed on page 52.

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Register for the 8/27 Webinar on the Internet of Things & Real Estate

Join Chad Curry, Managing Director of NAR’s Center for REALTOR® Technology, who will provide a definition of the “internet of things.” Learn more about how increases in connected devices and data are producing a confluence of new insights that will have far reaching impact on the industry, buildings and our environments.

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2015 Profile of Real Estate Firms

This infographic uses data from the 2015 Profile of Real Estate Firms.

More Information

• Read the Profile of Real Estate Firms report
• Read the news release about the report

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Real Estate Firms Remain Confident About Future Profitability, NAR Study Shows

WASHINGTON (August 6, 2015) – Real estate firms are confident in the industry’s future growth and their increasing profitability, according to the 2015 National Association of Realtors® Profile of Real Estate Firms.

“A majority of firms have a positive view of the future, with 95 percent of all firms expecting their net income to either increase or stay the same in the next year,” said NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs,... Read More

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Landing the Big Deal with Dean Saunders, ALC, CCIM

Dean Saunders, ALC, CCIM shares his expertise working with land transactions, conservation and experience working with state and federal government.

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2015 Q2 Commercial Real Estate Market Survey

The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.

2015.Q2 Survey Highlights

• Sixty percent of commercial REALTORS® closed a sale.
• Sales volume rose 9 percent from a year ago.
• Sales prices increased 7 percent year-over-year.
• Cap rates... Read More
  
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REALTOR® Safety Matters for Commercial Professionals

By: Philip McGinnis, ACoM, ALC, CCIM

While the most publicized physical attacks on real estate agents have involved residential agents, commercial agents are equally at risk. Additionally, it’s important to remember that not all safety and security risks are external.

Currently, many markets are faced with a high office and industrial vacancy rate. These properties present huge risks to REALTORS® because they are typically isolated from populated areas, and are often difficult to access. Many of the same safety tips employed by residential agents are relevant for... Read More

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NAR Survey finds Like-Kind Exchanges Promote Job, Economic Growth

WASHINGTON (July 9, 2015) — Real estate like-kind exchanges are an important vehicle for disposing of and acquiring properties and support the nation's financial growth, job creation and economy, according to a new report from the National Association of Realtors®.

The Like-Kind Exchanges: Real Estate Market Perspectives 2015 survey of NAR's commercial and residential members found that real estate investors and commercial property owners place a very high priority on current like-kind exchange tax rules; 40 percent indicated that transactions would not... Read More

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Like-Kind Exchange Survey

Highlights:

• For a significant proportion of real estate market participants, like-kind exchanges (LKE) provide an important vehicle to dispose and acquire property.
• Like-kind exchanges are available to individuals, partnerships, corporations, limited liability companies, as well as trusts.
• The main requirement of a like-kind exchange is that the disposition of one property and acquisition of another property must be part of an integrated transaction, rather than two individual transactions.
• REALTORS® are active participants in... Read More
  
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Investment Properties, Exchanges and Equity Marketing

... Read More

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NAR to Partner with Hogan Lovells on UAV Webinar

The Hogan Lovells Unmanned Aircraft Systems (UAS) Group has partnered with the National Association of REALTORS® to host a webinar on the regulatory and business hurdles to operating unmanned aircraft systems (drones). Learn how to integrate UAV technology into your business and how to obtain a Section 333 waiver from the FAA.

Please join us on Thursday, July 9, 2015 at 2:00 P.M. EDT to learn more about how to get approved to fly drones.

• Register for the webinar
• ... Read More
  
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Summer 2015: Your Voice, Your Business, Your Community

Table of Contents:

The Commercial Narrative: A Note From the President
Advocacy: REALTORS® Legislative Meetings & Trade Expo 2015 Recap
Advocacy: 5 Things to Know About 1031 Like-Kind Exchanges
Leadership: Profiles in Leadership
... Read More

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Commercial Real Estate Show - Associations that Matter

Jean Maday, NAR's Director of Commercial Services, talked about the benefits of association membership with leaders from SIOR, NAIOP, BOMA, and others during the “Associations for Success” segment of the Commercial Real Estate Show.

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2015 Commercial Member Profile

This infographic uses data from the 2015 Commercial Member Profile.

The Commercial Member Profile describes the business activities, demographics and information needs of NAR members who are commercial real estate professionals.

Download Infographic

More Information

• Read the 2015 Commercial Member Profile report. Member login required.
• ... Read More
  
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Realtors® Report Increase in Commercial Transactions, Income and Sales Volume

WASHINGTON (June 15, 2015) – Commercial real estate markets are improving with Realtors® specializing in commercial real estate reporting an increase in annual gross income, the number of sales transactions and sales volume, according to the 2015 National Association of Realtors® Commercial Member Profile.

The annual study's results represent Realtors®, members of NAR, who conduct all or part of their business in commercial sales, leasing, brokerage and development for land, office and industrial space, multifamily and retail buildings, as well as property... Read More

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2015 Commercial Member Profile Highlights

In this video, Jessica Lautz, NAR's Director of Member and Consumer Survey Research, talks about highlights of the 2015 Commercial Member Profile. The Commercial Member Profile describes the business activities, demographics and information needs of NAR members who are commercial real estate professionals.

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• Read the 2015 Commercial Member Profile report. Member login required.
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Cash Accounts for 28 Percent of Commercial Transactions in REALTOR® Markets

Commercial real estate investment trends were positive in 2014, following on last year’s tail winds. The investment trends continued in the first quarter of 2015, up 45 percent from the same period in 2014.

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The Ins and Outs of Tenant Representation

NAR member Deena Zimmerman joined the show to talk about the ins and outs of tenant representation. At the time of taping, Deena was a Senior Associate at Jameson Commercial, where she specialized in finding high quality sites throughout Chicagoland and surrounding areas for national operators, franchisees, and first-time entrepreneurs. She recently joined Sperry Van Ness Chicago Commercial as Vice President.

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