Monday, August 31, 2015

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.

Friday, August 28, 2015

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.

Thursday, August 27, 2015

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.

Wednesday, August 26, 2015

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.

Tuesday, August 25, 2015

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.

Monday, August 24, 2015

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.

Friday, August 21, 2015

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.

Thursday, August 20, 2015

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.

Wednesday, August 19, 2015

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.

Tuesday, August 18, 2015

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.

Monday, August 17, 2015

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.

Sunday, August 16, 2015

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.

Friday, August 14, 2015

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



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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.

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

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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.

More Information

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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2015 Q1 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.Q1 Survey Highlights 

  • 60% of commercial REALTORS® closed a sale. 
  • Sales volume rose 11% from a year ago. 
  • Sales prices increased 4% year-over-year. 
  • Cap... Read More

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New Commercial Lease Accounting Rules: How They May Affect Owners, Landlords, and Lessees

As two of the accounting world's major governing bodies work to converge their standards on the recognition of revenue of contracts with customers, they are changing the rules on how lessees must address leases on their balance sheets and profit and loss statements.  The result may drastically alter how commercial leases are negotiated.

Accounting rules require businesses to keep two basic financial statements which affect a business's tax liability as well as its ability to attract investors and obtain financing:

  • A balance sheet listing assets... Read More

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Regulators Issue Guidance on HVCRE Loans

The Federal Reserve System, Comptroller of the Currency and the Federal Deposit Insurance Corporation have issued guidance on a portion of the Basel III rules that govern High Volatility Commercial Real Estate (HVCRE). The document, an FAQ on the HVCRE provisions, is intended to provide clarity on the Basel III standards.

Read the guidance

 



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Commercial Real Estate Outlook

NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Historic data for metro areas were provided by REIS, Inc., a source of commercial real estate performance information.

List of Markets Covered

The Commercial Real Estate Outlook includes statistics on 54 of the nation's largest markets.

More Information

... Read More

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Modest Growth Expected in Commercial Real Estate Markets

WASHINGTON (May 26, 2015) — A stronger labor market and increasing household formation should keep commercial real estate demand on a gradual incline, according to the National Association of Realtors® quarterly commercial real estate forecast.

National office vacancy rates are forecast to slightly decrease 0.1 percent over the coming year as the demand for office space slowly improves. The vacancy rate for industrial space is expected to decline 0.3 percent and... Read More

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Commercial Real Estate Trends

These slides are from the Economic and Commercial Real Estate Outlook presentation given by Sam Chandan during the Commercial Economic Issues & Trends Forum at the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, on May 14, 2015.

Dr. Chandan is Adjunct Associate Professor of Real Estate at the University of Pennsylvania Wharton.



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Commercial and Economic Real Estate Outlook May 2015

These slides are from the Economic and Commercial Real Estate Outlook presentation given by Lawrence Yun during the Commercial Economic Issues & Trends Forum at the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, on May 14, 2015.



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Commercial Market Continues Recovery, Says NAR Chief Economist

WASHINGTON (May 14, 2015) – While the commercial market still faces its share of challenges, Realtors® specializing in commercial real estate expressed confidence in the marked improvement seen in the market over the last year at a commercial economic issues and trends forum at the REALTORS® Legislative Meetings & Trade Expo.

National Association of Realtors® Chief Economist Lawrence Yun led a panel discussion about the forces shaping commercial real estate markets. The panelists agreed that the market has... Read More

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Some Comparisons: Small and Large Commercial Real Estate Transactions

NAR has estimated that the commercial market for buildings selling for under $2.5 million could be in the neighborhood of $50 billion annually, compared to the market for large buildings—which totaled $430 Billion in 2014.



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Commercial Lending Trends Survey

Highlights

  • Commercial vacancy rates declined for the core property types. Availability is expected to continue contracting for office, industrial and retail properties in 2015 and beyond.
  • Vacancies for apartments are estimated to rise, due to gains in supply.
  • Commercial rents have risen across the board, and are projected to advance this year to the tune of 2.5 percent to 3.7 percent.
  • Lending conditions in REALTOR® markets notched another year of sustainable recovery.


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Broker Liable for Slander of Title

Read the full decision: Anton v. Mr. C’s Lake Orion, L.L.C.

A Michigan court has held that a commercial real estate broker (“Broker”) may be held liable for slander of title for violations of the state’s Commercial Real Estate Broker’s Lien Act (“CREBLA”).

Broker entered into an exclusive listing agreement with the owner (“Owner”) of a commercial property.  Pursuant to the agreement, Broker was to receive a commission... Read More

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Dermody Properties names SVP for East Region

A Nevada-based industrial developer has promoted one of its executives to leader of its eastern region, based in Chatham, it announced Thursday.

Great expectations

It wasn't what one would call a true build-to-suit office project, but the property at 21 Roszel Road in West Windsor essentially became one as soon as Hill Wallack LLP signed on as an anchor tenant.

Law firm moving to Court Plaza in Hackensack

A Hackensack law firm is moving to the Court Plaza complex in the city, according to building owner Alfred Sanzari Enterprises.

Thursday, August 13, 2015

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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Jersey Mike's Subs CEO donates 100K to No Kid Hungry

Peter Cancro, founder and CEO of the nationwide restaurant franchise Jersey Mike's Subs, yesterday fulfilled a pledge he made in March at the Restaurant Leadership Conference in Arizona to donate 100,000 to No Kid Hungry, a Washington D. C. -based organization committed to ending childhood hunger.

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Wednesday, August 12, 2015

Dumont mall sold for 5M-plus

The Presidents' Square Mall in Dumont has been sold for more than 5 million, according to real estate brokerage firm The Kislak Company Inc.

J.G. Petrucci announces new build-to-suite industrial construction in Middlesex Co.

Asbury-based J. G. Petrucci Company Inc. , a development and designbuild organization, announced Wednesday the construction of two new Class A build-to-suit industrial buildings located in Middlesex County.

Sitex Group plans 3M to 4M improvements at Lyndhurst warehouse

Sitex Group has acquired an 184,443-square-foot Lyndhurst warehouse with plans for 3 million to 4 million in improvements, it announced Wednesday.

Jersey Pump appoints chief operating officer

Balanced fitness drink Jersey Pump announced Wednesday that it has hired Theo Sibblies its new chief operating officer.

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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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Tuesday, August 11, 2015

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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390M American Dream tax incentive is reapproved by EDA

Back in May, the Economic Development Authority voted to grant the long-awaited American Dream project in the Meadowlands a brief extension to refile its incentives application, since the project had seen significant modifications since first being approved in November 2013 for a 390 million Economic Redevelopment and Growth grant, the largest. . .

Colliers facilitates multiple lease transactions, renewals in Mount Laurel

Colliers International announced Tuesday that Evan Zweben of its southern New Jersey office has completed two new lease transactions at the Laurel Corporate Center in Mount Laurel.

In Princeton submarket, a new spin on build-to-suit

It wasn't what one would call a true build-to-suit office project, but the property at 21 Roszel Road in West Windsor essentially became one as soon as Hill Wallack LLP signed on as an anchor tenant.

Monday, August 10, 2015

Stockton can find new buyer for Showboat, judge rules

A judge has ruled that Stockton University can find a new buyer for the former Showboat Casino Hotel in Atlantic City, allowing it to move ahead after a deal with developer Glenn Straub stalled earlier this year.

Colliers completes 147K sq. ft. of industrial leases in Somerset

Colliers International announced Monday it has arranged 147,000 square feet of industrial leases at two warehouses owned by Cabot properties in Somerset.

A new course

For Anthony D&#8217Amore and Thomas Mascia, franchising has always been a family affair.

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Friday, August 7, 2015

S. Jersey law firm moves HQ to Cherry Hill

A South Jersey law firm, the Keaveney Legal Group LLC, has relocated from Mount Laurel to Cherry Hill, according to real estate brokerage firm Wolf Commercial Real Estate.

Kushner Cos. now sole owner of Monmouth Mall after 230 million deal with Vornado

The Kushner Cos. has acquired Vornado Realty Trust&#8217s 50 percent interest in the Monmouth Mall in Eatontown, in a 230 million deal that also involves another property.

Kushner Cos. now sole owner of Monmouth Mall after 230 million deal with Vornado

The Kushner Cos. has acquired Vornado Realty Trust&#8217s 50 percent interest in the Monmouth Mall in Eatontown, in a 230 million deal that also involves another property.

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Thursday, August 6, 2015

Medical testing laboratory leases space in Linden

Accu Reference Medical Lab, a medical testing laboratory, has leased industrial space in Linden, according to real estate services firm Bussel Realty Corp.

Despite fire damage, apartment building fetches nearly 4.5M

A Bloomfield apartment property left half-vacant after a fire nevertheless attracted multiple bidders and was sold for 4. 475 million, according to real estate services firm Marcus Millichap.

JP Morgan to accept 187M EDA incentive, relocate 2,150 jobs to Jersey City Report

Nearly a month after being approved by the Economic Development Authority for a 10-year, 187. 7 million Grow New Jersey award to expand its technology and operations hub in Jersey City, JP Morgan Chase has reportedly chosen to take advantage of the incentive offerings.

2015 Profile of Real Estate Firms

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



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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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Wednesday, August 5, 2015

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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Joint venture acquires Ledgewood Mall

Advanced Realty, DeBartolo Development and Invesco announced Wednesday that in a joint venture the trio has acquired the Ledgewood Mall in Roxbury.

Tuesday, August 4, 2015

Halsey Corporate Center in Parsippany has been sold, HFF says

A Parsippany office building has a new owner, according to real estate services firm Holliday Fenoglio Fowler L. P.

Elizabeth hospital site sold to become multifamily complex

The former site of Elizabeth General hospital has been sold after about a decade on the market, according to real estate brokerage firm CBRE Group Inc.

Lincoln doing what it does best Upgrading its acquisitions

Acquiring and sprucing up aging office buildings might be old hat to Lincoln Equities Group, but that time-tested strategy could breathe some new life into a group of Morristown-area properties.

Monday, August 3, 2015

Mack-Cali leases more than 918K sq. ft. at its North, Central Jersey properties

Mack-Cali Realty Corp. announced Monday that it has leased 918,992 square feet at its office and officeflex commercial real estate properties in North and Central Jersey during the second quarter.

HFF closes sale of Class A power center in North Jersey

Holliday Fenoglio Fowler L. P. announced Monday that it has closed on the sale of the Livingston Shopping Center, a 140,000-square-foot power center located in Livingston.

WCRE, Somerset Properties complete 140K sq. ft. of lease transactions

WCRE, a commercial real estate brokerage, and Somerset Properties, a commercial real estate company, jointly announced Monday multiple lease transaction totaling approximately 140,000 square feet in southern New Jersey.

The Goldstein Group appointed exclusive leasing agent for 8 properties in N.Y.

The Goldstein Group has recently been appointed the exclusive leasing agent for eight different properties throughout New York, according to Chuck Lanyard, president of the retail real estate brokerage&#8217s New Jersey office.

Sunday, August 2, 2015

A new way for HMFA to fulfill its mission

Tony Marchetta has been hitting the road and hitting it often &#8212 a groundbreaking here, a ribbon-cutting there &#8212 in a seemingly nonstop tour of development sites around the state.