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.