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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