Health beverage company moving to South Hackensack

A maker and distributor of health beverages has a new home in South Hackensack, according to real estate services firm NAI James E. Hanson.

Lakewood medical supply e-store makes a purchase

AvaCare Medical, an online medical supply store based in Lakewood, has acquired Medical Scrubs Collection, an online supplier of clothing for the health care industry, it announced Wednesday.

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CW arranges recapitalization of Livingston office complex

Cushman Wakefield announced Wednesday that its Metropolitan Area Capital Markets Group has arranged the recapitalization of the Eisenhower Corporate Campus in Livingston.

Hackensack apartment complex fetches 6.1M

A Hackensack apartment complex has been sold for 6. 1 million, according to real estate brokerage The Kislak Co. Inc.

Bobbi Brown to step down from company after 25 years

It's been a quarter century of success, but Bobbi Brown has announced she is leaving the brand that bears her own name.

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NAI Hanson negotiates industrial lease in Englewood

NAI James E. Hanson, a New Jersey-based commercial real estate firm, has negotiated an industrialflex space lease in Englewood.

KDA arranges N.J. building lease for Manhattan Range Rover facility

Kalmon Dolgin Affiliates announced Wednesday that Manhattan Ranger Rover has leased space in Secacus.

CBRE arranges sale of two buildings in N.J. for 25.5M

Two buildings in New Jersey &#8212 a Lowe's in Voorhees and a Walgreens in Matawan &#8212 have been sold by CBRE for a combined total of 25. 48 million, the commercial real estate services company announced Thursday.

CBRE arranges sale of two buildings in N.J. for 25.5M

Two buildings in New Jersey &#8212 a Lowe's in Voorhees and a Walgreens in Matawan &#8212 have been sold by CBRE for a combined total of 25. 48 million, the commercial real estate services company announced Thursday.

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Rutgers Center for Real Estate taps industry vet as new executive director

The Center for Real Estate at Rutgers University announced it has appointed Kevin Riordan as its new executive director.

Bridge Development sells industrial building in Union

Bridge Development Partners LLC announced it has sold a Class A industrial building in Union for 46. 5 million.

Developer Waseem Boraie debunks 5 myths about doing business in A.C. after breaking ground on 81M project

Boraie Development broke ground this month on The Beach at South Inlet in Atlantic City, an 81 million residential complex that is the first market-rate apartment project to go up in the city in decades.

UMH Properties completes acquisition of Ohio community

Freehold-based real estate investment trust UMH Properties Inc. announced Monday that it has closed on a 4. 33 million acquisition of a community in Ohio.

Ultimate golf center opening its doors Friday in Edison

Topgolf International, a global golf entertainment leader, announced Tuesday that it will open its Edison location this Friday.

AHS, Kindred plan to build inpatient rehab hospital in North Jersey

Atlantic Health System announced a definitive agreement with national post-acute care organization Kindred Healthcare, Inc. , to build a 38-bed inpatient rehabilitation hospital in North Jersey.

WCRE represents buyer of flex property in Delran

WCRE announced Monday it has represented 1835 Underwood LLC in its acquisition of a flex building in Delran.

Leasing to begin at Journal Squared next month

With the first of three residential towers situated next to the Journal Square PATH station in Jersey City now complete, the mixed-use Journal Squared project will begin leasing rental space next month.

December Business Creation Index

Download (JPG, 441KB)

The information in this infographic comes from the December 2016 Business Creation Index, which monitors local economic conditions from the perspective of NAR’s commercial members. 

More Information

• Read the December Business Creation Index report.

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December 2016 Business Creation Index

Download (PDF 1.26MB)

The new Business Creation Index (BCI) was created to monitor local economic conditions from the perspective of NAR’s commercial members. The quarterly report offers insight from commercial real estate professionals into whether businesses are opening or closing by industry, population density, and subregion. On a monthly basis, it tracks three key questions related to local market conditions: 

1. An increase of businesses opening in local... Read More
   
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CBRE facilitates 867K sq.ft. of industrial leasing activity for Prologis

CBRE Group Inc. announced Thursday it has facilitated approximately 867,500 square feet of industrial leases on behalf of Prologis in two separate transactions in New Jersey.

Retail property in North Plainfield sells for 5.1 million

Marcus Millichap announced the sale of a retail property in North Plainfield for 5. 1 million, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

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Marcus Millichap arrange 1.6M sale of office building in Elizabeth

Marcus Millichap arranged an office building sale located in Elizabeth, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

Retail property in North Plainfield sells for 5.1 million

Marcus Millichap announced the sale of a retail property in North Plainfield for 5. 1 million, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

JAG Physical Therapy lease brings Chatham shopping center to full occupancy

JAG Physical Therapy&#8217s new lease at a Chatham shopping center will bring the center to fully occupancy, Levin Management Corp. , the center&#8217s exclusive leasing and managing agent, announced Thursday.

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JAG Physical Therapy lease brings Chatham shopping center to full occupancy

JAG Physical Therapy&#8217s new lease at a Chatham shopping center will bring the center to fully occupancy, Levin Management Corp. , the center&#8217s exclusive leasing and managing agent, announced Thursday.

QuickChek honored as Foodservice Innovator of the Year

QuickChek announced Wednesday it has been named Convenience Store News' 2016 Foodservice Innovator of the Year.

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Burn-care product manufacturer renews HQ, production facility lease in Carlstadt

WATER-JEL Technologies has renewed its lease in Carlstadt, according to Colliers International Group Inc.

Media panel discusses how to successfully land business news coverage

Bell Works hosted a panel discussion Wednesday aimed at helping businesses understand what it means to prepare for an interview with a media outlet.

Century Marketing leases industrial property in South Plainfield

Century Marketing, an electronics and marketing communications company, has leased an industrial property in South Plainfield, according to Bussel Realty Corp.

Weichert names president of its franchise division

Weichert Real Estate Affiliates Inc. has named a new president and chief operating officer, it announced Wednesday.

Ribbon-cutting held for opening of child care center in East Windsor

Lightbridge Academy owners and operators, East Windsor Township Mayor Janice S. Mironov and council members John Zoller and Alan Rosenberg, held a ribbon-cutting ceremony to celebrate the grand opening of a child care center in East Windsor.

Toys R Us losses narrow in Q3, despite lower sales

Toys R Us said Tuesday that it narrowed net and operating losses in 2016's third quarter, despite consolidated net sales slipping.

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Avison Young arranges sale of land site in Perth Amboy

Avison Young, a commercial real estate services firm, has arranged the sale of an undeveloped 26-acre land site in Perth Amboy, it announced Tuesday.

Transwestern says N.J.'s industrial market is stable despite external factors

A report released by the real estate firm Transwestern states that the industrial market in New Jersey has remained stable during the third quarter of 2016, despite the change in the political landscape due to the results of the general election.

Pure Barre continues to expand in N.J.

Pure Barre, a specialty fitness franchise, is expanding once again in New Jersey, according to Ripco Real Estate.

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Pure Barre continues to expand in N.J.

Pure Barre, a specialty fitness franchise, is expanding once again in New Jersey, according to Ripco Real Estate.

Woodmont, Roseland begin construction on final piece in Morristown project

Construction has begun on the Metropolitan Lofts luxury apartment building in Morristown, according to developers Woodmont Properties and Roseland Residential Trust.

Mixed-use property in Orange fetches nearly 1.6M

Marcus Millichap announced the sale of a 13,500-square-foot mixed-use property located in Orange for 1. 575 million, according to Brian C. Hosey, regional manager of the firm's New Jersey office.

Gebroe-Hammer finding success in North Jersey multifamily market, it says

The North Jersey multifamily market is heating up, according to Gebroe-Hammer Associates, and the Livingston-based real estate firm is taking advantage.

North Jersey apartment market thriving, Marcus Millichap report says

Go West, young apartment renter That's the message from Marcus Millichap's most recent Multifamily Research Market Report for northern New Jersey.

NAI Mertz to handle leasing of Berlin offices

NAI Mertz has been awarded the exclusive leasing assignment for an office complex in Berlin, it announced recently.

Developer Waseem Boraie debunks 5 myths about doing business in A.C. after breaking ground on 81M project

Boraie Development broke ground this month on The Beach at South Inlet in Atlantic City, an 81 million residential complex that is the first market-rate apartment project to go up in the city in decades.

Winter 2016: Networthing: Understanding Trends, Connecting With Success

Table of Contents

• Thank You & Farewell: A Final Note From 2016 NAR President Tom 
• Research: U.S. Commercial Real Estate Markets Offer Solid Returns
• Member Perspective: Never Eat Alone - Your Network is Your Networth
• ... Read More
  
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Colliers to market auto dealership in Atlantic County

Colliers International announced Monday it has been selected to market an auto dealership in Pleasantville.

Toys R Us changes its treasury department

Toys R Us Inc. announced Friday some changes to its treasury department.

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Allstate leases 63K sq.ft. Bridgewater office building

Allstate Insurance Co. has leased a 63,000-square-foot office building in Bridgewater, according to real estate services firm JLL.

Two Riverfront in Newark, home of Panasonic, sold for reported 165M

Newark's Two Riverfront Plaza, home of Panasonic Corp. of North America, has been sold, the developers announced Wednesday.

VNA Health Group moving HQ to Vonage's Holmdel campus

VNA Health Group is moving from Red Bank to Vonage's Technology Center of Excellence in Holmdel, the two companies announced Wednesday.

Logistics firm signs lease for 343K sq.ft. off of Interchange 8A

Short Hills-based commercial real estate brokerage The Blau Berg Co. negotiated a lease for a global logistics firm in the Interchange 8A submarket, it announced Wednesday.

NGKF absorbs Basking Ridge-based project management team

The real estate advisory firm Newmark Grubb Knight Frank has added a New Jersey-based project management team to its roster of employees, it announced Wednesday.

Liberty Property Trust to begin construction on Camden Waterfront project

Liberty Property Trust announced late Monday that it plans to immediately begin construction on the first phase of its 1 billion, mixed-use complex on the Camden Waterfront after completing the necessary assemblage of land and development rights.

Kislak brokers 8.7M worth of deals in Hudson County

The Kislak Co. Inc. has brokered the sale of six investment properties in Hudson County for a combined 8. 7 million, it announced Monday.

Rutgers announces certificate program in real estate development, redevelopment

Rutgers University, through its Rutgers Business School Center for Real Estate and Edward J. Bloustein School of Planning and Public Policy, is offering a new graduate certificate in real estate development and redevelopment, it announced recently.

Location, location, location JMF keeps transit options in mind as it builds

A focus on transit-oriented development is paying off in a big way for Whippany-based JMF Properties, which is working on four new projects and on the verge of both a fifth development and a major lease-up, it said recently.

Triple Five unveils new design for American Dream VIDEO

It appears to be time to say goodbye to the multicolored monstrosity in the Meadowlands.

Triple Five unveils new design for American Dream VIDEO

It appears to be time to say goodbye to the multicolored monstrosity in the Meadowlands.

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WCRE represents First Montgomery Group in office building sale

WCRE announced Friday it has represented First Montgomery Group in the sale of an office building in Marlton.

First Montgomery Group relocates HQ sells office in Marlton

WCRE announced Friday it has represented First Montgomery Group in the sale of an office building in Marlton.

Alfred Sanzari Enterprises buys Metuchen apartment complex

Alfred Sanzari Enterprises has acquired a new apartment complex in Metuchen, it announced last week.

Going Global Trade deal debate runs deep

Leo Cervantes knows about struggles, personally and professionally.

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Gebroe-Hammer arranges string of Monmouth County multifamily sales

Gebroe-Hammer Associates has completed a series of real estate sales in Monmouth County, it announced Friday.

Hampshire Cos. acquires Mass. retail property

The Hampshire Cos. , a full-service, private real estate investment firm based in Morristown, announced its acquisition of an 84,360-square-foot BJ's Wholesale Club in Quincy, Massachusetts.

Hampshire Cos. acquires Mass. retail property

The Hampshire Cos. , a full-service, private real estate investment firm based in Morristown, announced its acquisition of an 84,360-square-foot BJ's Wholesale Club in Quincy, Massachusetts.

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R.J. Brunelli announces leases for Dollar Tree, Verizon, Massage Envy and more

R. J. Brunelli Co. LLC announced Thursday that it has completed a series of leases that will introduce a number of national retailers, restaurants, automotive and personal service companies to areas around the Garden State.

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R.J. Brunelli announces leases for Dollar Tree, Verizon, Massage Envy and more

R. J. Brunelli Co. LLC announced Thursday that it has completed a series of leases that will introduce a number of national retailers, restaurants, automotive and personal service companies to areas around the Garden State.

Voice for Real Estate: Retirement, Lame-Duck, Commercial

Don't expect Congress to do much as it finalizes its session before the end of 2016. Next year, though, is shaping up to be huge for real estate as lawmakers gear up to tackle tax reform, reform of Fannie Mae and Freddie Mac, and flood insurance. On tax reform, key commercial real estate incentives could face major revamping, These include property depreciation, 1031 exchanges, and carried interest. What's more, overall tax rates could be lowered, business interest expensing reduced, and infrastructure spending beefed up. The video also looks at what NAR is doing to help its... Read More

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Retail development coming to Bridgewater to be anchored by Whole Foods

A new development is coming to Bridgewater, and it&#8217ll be anchored by a Whole Foods, the developer of the project said on Thursday.

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Retail development coming to Bridgewater to be anchored by Whole Foods

A new development is coming to Bridgewater, and it&#8217ll be anchored by a Whole Foods, the developer of the project said on Thursday.

Ribbon-cutting held for grand opening of luxury apartment building in Hoboken

Advance Realty representatives and officials from Hudson County and Hoboken held a ribbon-cutting ceremony to celebrate the grand opening of a luxury apartment building in Hoboken.

Floor Decor plans store in Woodbridge

Floor Decor, which just announced a Paramus location, is also coming to a planned Woodbridge shopping center, according to real estate services firm R. J. Brunelli Co. LLC.

Floor Decor plans store in Woodbridge

Floor Decor, which just announced a Paramus location, is also coming to a planned Woodbridge shopping center, according to real estate services firm R. J. Brunelli Co. LLC.

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Christie announces major 300M State House renovation

Gov. Chris Christie announced Tuesday that his administration plans to begin work on a 300 million renovation project for the State House in Trenton.

Sports Clips expands presence in N.J.

Sports Clips Haircuts is expanding its presence in New Jersey, according to Lyndhurst-based Ripco Real Estate.

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Sports Clips expands presence in N.J.

Sports Clips Haircuts is expanding its presence in New Jersey, according to Lyndhurst-based Ripco Real Estate.

Elizabeth nonprofit cuts ribbon on new HQ

Community Access Unlimited, an Elizabeth-based nonprofit providing services to adults with disabilities and children served by the Department of Children and Families, on Tuesday cut the ribbon for its new headquarters building.

Homebuilding numbers tumble in October, report finds

Homebuilding permits declined statewide in October, with multifamily construction particularly feeling the pinch, according to a new report from CohnReznick.

Flooring retailer takes over former Sports Authority building in Paramus

Flooring and tile business Floor Dcor has signed a lease for a former Sports Authority building in Paramus, according to real estate services firm The Goldstein Group.

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Flooring retailer takes over former Sports Authority building in Paramus

Flooring and tile business Floor Dcor has signed a lease for a former Sports Authority building in Paramus, according to real estate services firm The Goldstein Group.

Ogilvy CommonHealth renews lease at Parsippany complex

Health care marketing firm Ogilvy CommonHealth Worldwide has renewed its lease at the Morris Corporate Center III, moving to a new space at the Parsippany property, according to real estate services firm JLL.

Terreno Realty announces lease in East Rutherford

Terreno Realty Corp. , an industrial real estate company, announced Monday it has executed a building lease in East Rutherford.

The state of retail in New Jersey Still betting on bricks

Anyone that's had to pay a cable bill or pick up a new piece of equipment from their provider knows this room particularly well small, gray spaces with the workers doling out receipts and cable boxes, often from behind Plexiglas.

Law firm Connell Foley joining Lowenstein Sandler at Roseland office building in 2017

Connell Foley, one of New Jersey's largest law firms, is moving its headquarters to a new location in Roseland, it announced Monday.

The state of retail in New Jersey The big sales push

John Holub, president of the New Jersey Retail Merchants Association, has been studying and advocating for the retail industry in the state for over a decade.

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The state of retail in New Jersey Schooled on service #8212 Walmart is making it a priority

Jacqueline Williams has been working at Walmart for 19 years, learning lessons from management and co-workers where she could find them.

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The state of retail in New Jersey Still betting on bricks

Anyone that's had to pay a cable bill or pick up a new piece of equipment from their provider knows this room particularly well small, gray spaces with the workers doling out receipts and cable boxes, often from behind Plexiglas.

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The state of retail in New Jersey Changing the game

Today's consumers could order their breakfast from Starbucks via their smart phone, use a kiosk before enjoying table service over a business lunch at Panera Bread and pay for their family's dinner at Chili's without ever having to wait for a check.

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Two sign leases at Glenpointe, while two others renew

Alfred Sanzari Enterprises said recently that it has completed four lease transactions at its Glenpointe complex in Teaneck.

Bed Bath Beyond buys PersonalizationMall.com for 190M

Union-based Bed Bath Beyond announced Wednesday it has acquired PersonalizationMall. com, a online retailer of personalized products, for approximately 190 million.

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Developer secures financing, construction starts on mixed-use project to include affordable housing in Vineland

A developer announced Wednesday has secured financing to construct a mixed-use project in Vineland.

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Developer secures financing, construction starts on mixed-use project to include affordable housing in Vineland

A developer announced Wednesday has secured financing to construct a mixed-use project in Vineland.

Ripco inks 3 new leases at retail plaza in Secaucus

Ripco Real Estate, a Lyndhurst-based real estate brokerage, announced Wednesday three new leases at 101 Plaza Center in Secaucus.

Colliers appointed leasing agent for Fairfield office property

Belus Associates has named Colliers International Group Inc. as the exclusive leasing agent for an office property in Fairfield.

NAI Hanson brokers sale of two properties in Westwood

NAI James E. Hanson announced Tuesday it has brokered the sale of two properties in Westwood.

Levin says 2016 has been strong year for leasing

Commercial real estate services firm Levin Management Corporation said recently that it has experienced strong leasing volume in several Northeast and mid-Atlantic markets in 2016.

Del-Sano Contracting cuts ribbon on 86M River Vale senior housing project

Del-Sano Contracting Corp. announced Tuesday it has cut the ribbon on an affordable senior housing project in River Dale.

Real Estate Power 75 Changing times

The times are changing in New Jersey real estate. This means big changes in the NJBIZ Real Estate Power List, too, including an increase in the number of honorees from 50 to 75. To see who made it, read on.

Clifton office buildings sell for 13M-plus

A pair of Clifton office buildings has sold for 13. 35 million, according to real estate services firm Avison Young's New Jersey office.

DEVCO picks consultant to help with downtown park project

The New Brunswick Development Corporation has retained urban planning and redevelopment consultant Biederman Redevelopment Ventures to work on a planned Neilson Street park, Biederman said in a news release Monday.

Colliers tabbed as leasing agent for Fair Lawn offices

Colliers International Group Inc. has been chosen as the leasing agent for an office building in Fair Lawn, it announced recently.

NATC leases Class A office space in Mount Laurel

Wolf Commercial Real Estate announced Friday it has represented North American Title Co. in leasing a Class A office space in Mount Laurel.

FMERA purchases remaining Fort Monmouth properties

The Fort Monmouth Economic Revitalization Authority announced Thursday that it has purchased the remaining balance of Fort Monmouth from the U. S. Army.

NAR at ICSC RECon 2017

Each year NAR hosts a booth space at ICSC RECon along with partner Xceligent. Doing so is part of NAR’s strategy to provide our commercial real estate constituency with services and savings. NAR members are welcome to utilize the NAR booth as a “home base” during the event, book individual table space for deal-making meetings with clients, get personalized demos of Xceligent data... Read More

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NAI Hanson arranges sale of Whole Foods in Morristown

NAI Hanson announced Wednesday it has brokered the sale of a Whole Foods in Morristown.

New co-working space, caf opens at Kearny Point

A co-working facility and caf has opened in Kearny, Hugo Neu, a recycler, and owner and redeveloper, announced Thursday.

Avison Young says it was busy with leases in Q3

Commercial real estate services firm Avison Young announced Wednesday that it arranged nearly 380,000 square feet worth of leases in New Jersey during the third quarter.

Liberty Science Center names three top execs to board

Three prominent New Jersey executives have joined the board of trustees of the Liberty Science Center, the organization announced recently.

HL Onlineparts leases industrial property in Linden

Bussel Realty Corp. announced Tuesday that HL Onlineparts Inc. has signed a lease at a 150,000-square-foot industrial property in Linden.

CBRE involved in series of real estate sales totaling more than 4.75M

CBRE Group Inc. announced Tuesday that it has completed four property sales throughout New Jersey and New York.

East Orange apartments fetch 27M

A trio of East Orange multifamily apartment buildings was sold for 27. 15 million, according to real estate brokerage Gebroe-Hammer Associates.

2016 shaping up as banner year for industrial development, CBRE says in report

The future looks bright for industrial development in New Jersey, particularly in the central part of the state, according to a recent report from CBRE Group Inc.

Japanese firm's U.S. unit buys majority stake in Hoboken's Waterfront Corporate Center III

Developer SJP Properties has sold a majority interest in its Waterfront Corporate Center III in Hoboken to the U. S. arm of a Japanese real estate firm, according to an announcement Tuesday.

Groundbreaking gives backers chance to tout perseverance behind One Theater Square project

Newark's first luxury residential high-rise in more than 50 years has begun construction and is anticipating significant interest from a priced-out New York City and Hudson County resident market.

Dumont laundromat extends lease, gets new owners

Dumont Laundry has new owners and extended its lease at 40 West Madison Ave. in Dumont, it announced Monday.

NAIOP New Jersey honors some of real estate industry's finest at awards dinner

NAIOP New Jersey, the state chapter of the national developers' trade association, honored a number of big names in New Jersey real estate community at its annual President's Awards and Hall of Fame Dinner, held last week at the Short Hills Hilton.

C-Town Supermarket opens in Newark

The Goldstein Group has placed A C-Town Supermarket in Newark, according to Chuck C. Lanyard, president of the retail real estate services company.

C-Town Supermarket opens in Newark

The Goldstein Group has placed A C-Town Supermarket in Newark, according to Chuck C. Lanyard, president of the retail real estate services company.

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WCRE represents Giralda Properties in leasing, marketing office space in Turnersville

WCRE announced it has represented Giralda Properties LLC, an affiliated entity of Starkman Properties, in leasing and marketing an office suite in Turnersville.

Lincoln Equities Group explains how it lured Allergan to 5 Giralda

For Lincoln Equities Group, attracting pharmaceutical company Allergan's U. S. headquarters to 5 Giralda Place in Madison was an effort worth making.

Drink it up A Keurig for cocktails? Clinton's Walker feels BIBO Barmaid offers easy way to make mixed drinks at home

Debra Walker said she understands the guilt one might feel paying 10 for an appletini with a half-filled bottle of vodka left over from a party at home.

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Building the future Industry icon Sanzari constructing new headquarters in Hackensack

Sitting at the head of the table and flanked by his son and daughter &#8212 both senior leaders in the construction company that bears his name &#8212 Joseph Sanzari proudly talked about the new headquarters he is building on a lot in Hackensack his company has owned for nearly four decades.

Working in harmony At Restaurant Serenade, Chef James Laird handles cooking while wife Nancy Sheridan Laird takes care of business

James Laird and Nancy Sheridan Laird are celebrating their 20th anniversary this year &#8212 in both marriage and business.

Retail center in Manchester sells for 1.575M

The two-building retail center known as GreenTree at Manchester, in the Ocean County township of that name, has been sold for 1. 575 million, according to real estate services firm Marcus Millichap.

Retail center in Manchester sells for 1.575M

The two-building retail center known as GreenTree at Manchester, in the Ocean County township of that name, has been sold for 1. 575 million, according to real estate services firm Marcus Millichap.

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Logistics firm opens Sewell warehouse

A Philadelphia-based third-party logistics firm has opened a warehouse fulfillment center in South Jersey, it announced recently.

NAI Hanson brokers sale of lot in Randolph to house future landscape architecture company

NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced it has brokered the sale of a lot in Randolph.

N.Y. developer closes on deal for Newark stadium

Lotus Equity Group has closed on its acquisition of the former Bears Eagles Riverfront Stadium in Newark, a major step toward a planned 2. 3 million-square-foot multipurpose development along Broad and Orange streets downtown.

Spiezle Architectural Group appoints CEO, president

Spiezle Architectural Group Inc. , an architectural, interior design and planning firm with offices in Trenton and Media, Pennsylvania, announced Thursday it has appointed a new CEO and president.

Two sign leases at Jersey City property

Two tenants have signed leases at the Element Flats building in Jersey City, according to real estate brokerage Joseph A. Del Forno Real Estate.

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Two sign leases at Jersey City property

Two tenants have signed leases at the Element Flats building in Jersey City, according to real estate brokerage Joseph A. Del Forno Real Estate.

Outdoor lighting business is sold

An outdoor lighting business has been sold to a private investor, according to Princeton-based business brokerage Benjamin Ross Group.

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Two sign leases at Cherry Hill office property, including publisher

Two tenants have signed leases for offices at a property in Cherry Hill, according to real estate firm NAI Mertz.

E-discovery firm accepts Grow NJ award, plans move to Jersey City

RVM Enterprises Inc. , an e-discovery technical solutions firm, has accepted a 10-year, 8. 1 million Grow New Jersey tax incentive from the state Economic Development Authority to move its headquarters from New York City to Jersey City, it announced Tuesday.

Marcus Millichap team has closed 30M in deals this fall

It has been a busy fall for a pair of vice presidents with Marcus Millichap, the real estate firm said, as they have closed 30 million in transactions since Labor Day.

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Marcus Millichap team has closed 30M in deals this fall

It has been a busy fall for a pair of vice presidents with Marcus Millichap, the real estate firm said, as they have closed 30 million in transactions since Labor Day.

Fried chicken restaurant returns to New Brunswick

A Korean fried chicken restaurant is reopening in downtown New Brunswick, signing a lease for 2,900 square feet on George Street, according to Ripco Real Estate.

ES4 in Englewood has been fully leased, developer says

The 46,000-square-foot mixed-use office and retail property in Englewood known as ES4 is completely leased, according to developer The S. Hekemian Group.

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ES4 in Englewood has been fully leased, developer says

The 46,000-square-foot mixed-use office and retail property in Englewood known as ES4 is completely leased, according to developer The S. Hekemian Group.

Marcus Millichap complete 1.6M sale of retail property

Marcus Millichap announced the sale of a retail property in Marlton for 1. 56 million, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

NAI Hanson brokers retail lease in Bergenfield

NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced Tuesday it has brokered a retail lease in Bergenfield.

80K sq.ft. ShopRite brings 300 jobs to South Plainfield

ShopRite has cut the ribbon on its new, 80,000-square-foot store in South Plainfield, it announced, bringing some 300 jobs to the borough.

Toys R Us names Priceline vet to head digital engineering team

Toys R Us Inc. , a Wayne-based toy retailer, announced it has appointed Priceline veteran Amit Poddar to head its digital engineering team.

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Staffing, technical services company leases space in Haddon Heights

WCRE announced Friday it has represented 515 Grove Street Associates LLC in leasing and marketing The Grove Office Plaza in Haddon Heights.

Building the future Industry icon Sanzari constructing new headquarters in Hackensack

Sitting at the head of the table and flanked by his son and daughter &#8212 both senior leaders in the construction company that bears his name &#8212 Joseph Sanzari proudly talked about the new headquarters he is building on a lot in Hackensack his company has owned for nearly four decades.

On her own terms Flagg took over construction company after death of her husband

Zakiyyah Sheila Flagg had been a widow for fewer than 72 hours before she began receiving condolence phone calls from both clients and contractors &#8212 who were also requesting work and payment.

Dealing with diversity Princeton-based JZAD saw its business boom once it proved it could handle variety of projects

Any actor who gets typecast in a particular role runs the risk of growing stale if he can&#8217t break out into new horizons. Joshua Zinder, founder of JZ Architecture and Design, says the same thing is true in his industry architecture. He found that out firsthand.

Building connections Marlboro-based Surepath helps companies navigate complicated steps in development process

Here&#8217s the first thing you need to know about Surepath Construction, a small, family-run business in Marlboro approaching its 10th anniversary It doesn&#8217t actually do any construction.

Major global exporter opens in Lyndhurst

Y International, one of the biggest food and household importers of U. S. goods to the Persian Gulf region, celebrated the opening of its first U. S. warehouse last Thursday in Lyndhurst.

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Commercial Real Estate Forecast in 2017 Is Strong

ORLANDO, Fla. (November 4, 2016) — Sustained by improving job growth and strong demand for multifamily housing, commercial real estate has been steadily recovering in recent years. Looking ahead to 2017, growth is expected to flow into the smaller markets, according to a commercial real estate forecast session today at the 2016 REALTORS® Conference & Expo.

Lawrence Yun, NAR chief economist, and K.C. Conway, senior vice president of credit risk management at SunTrust Bank, expressed... Read More

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November 2016 Economic and Commercial Real Estate Outlook

Download (PPT 5.75MB)

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® Conference & Expo in Orlando, FL, on November 4, 2016. 

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Kislak completes 12.25M worth of multifamily sales in Elizabeth

The Kislak Co. Inc. announced the recent sale of five multifamily properties in Elizabeth totaling approximately 12. 25 million.

REMAX buying its New Jersey franchise, reportedly for 45M

Real estate franchisor REMAX LLC is purchasing the master franchise for the Garden State from REMAX of New Jersey Inc. , it announced Thursday.

Recycler of electronic waste leases space in Lincoln Park

The Stro Cos. announced Thursday it has leased an industrial space to ERI, a recycler of electronic waste.

Sitar Realty involved in series of real estate sales

Iselin-based Sitar Realty Co. was involved in a series of recent real estate transactions, it announced.

From office space to logistics Sudler tears down Cranbury building to make room for warehouses

The shift in development from office space to logistics has come to Cranbury, as the Sudler Companies announced Thursday it is demolishing a former insurance headquarters to build a pair of speculative warehouse properties.

WorkSocial creates co-working space in Jersey City, leasing 6,000 sq.ft. in office tower

A co-working space company, WorkSocial, has signed a lease at an office tower in Jersey City's downtown to use as shared space, according to real estate services firm CBRE Group Inc.

NAI Hanson brokers industrial building sale in Moonachie

NAI James E. Hanson announced Thursday it has brokered the sale of an industrial building in Moonachie.

Newark launches fiber-optic internet connection at 2 Gateway Center

The internet just got a whole lot faster in Newark, as the city announced the official launch Wednesday of Newark Fiber, a high-speed, commercially available fiber-optic connection at 2 Gateway Center.

SJP Properties signs new office lease at Morris Corporate Center in Parsippany

SJP Properties announced Wednesday that CRC Insurance Services has signed a new office lease at the Morris Corporate Center IV in Parsippany.

Hartz Mountain, Tocci team up again in Secaucus

Tocci Building Companies, a Boston-area construction firm with an office in Iselin, announced the completion of a Secaucus apartment project it worked on for Hartz Mountain Industries.

HFF closes sale on apartment property in Riverdale

Holliday Fenoglio Fowler L. P. announced Wednesday it has closed on the sale of a mid-rise apartment property in Morris County.

Colliers named leasing agent for office tower in Newark

Colliers International has been named by Heritage Capital Group as the exclusive leasing agent for an office tower in Newark.

Sanzari renews 2 leases at Heights Plaza in Hasbrouck Heights

Two companies at the Heights Plaza in Hasbrouck Heights have renewed their leases, Alfred Sanzari Enterprises announced Wednesday.

Iselin mortgage lender buying California firm

HomeBridge Financial Services Inc. , an Iselin-based independent mortgage lender, has signed a definitive agreement to buy the operating assets of Prospect Mortgage LLC, it announced recently.

Terreno Realty acquires building in North Jersey

Terreno Realty Corp. , an industrial real estate company, announced Wednesday it has acquired an industrial property in northern New Jersey.

Medical communications company moves to new HQ space in North Jersey

Global medical communications company Health Wellness Partners announced it has moved to a new headquarters space in northern New Jersey.

Final building at Jersey City apartment complex is leased up

Real estate company Building and Land Technology announced Tuesday that The Hague, the sixth and final apartment building in The Beacon complex in Jersey City, has fully leased up six months after it entered the market.

Novitium Pharmaceuticals relocates to East Windsor adds jobs

Novitium Pharmaceuticals has relocated to East Windsor from a small facility in South Plainfield, according to East Windsor Mayor Janice S. Mironov.

Colliers completes sale of industrial building in West Deptford

Colliers International announced Tuesday it has completed the sale of an industrial building in West Deptford.

Eastern Union brings app technology to its commercial real estate clients

Technological disruption and commercial real estate may seem, at least instinctively, mutually exclusive.

Bussel Realty completes more than 25K sq.ft. of transactions

Bussel Realty Corp. , a corporate and industrial real estate services firm, announced that it has completed more than 25,223 square feet of industrial transactions.

October 2016 Business Creation Index

Download (PDF 1.56MB)

The new Business Creation Index (BCI) was created to monitor local economic conditions from the perspective of NAR’s commercial members. The quarterly report offers insight from commercial real estate professionals into whether businesses are opening or closing by industry, population density, and subregion. On a monthly basis, it tracks three key questions related to local market conditions: 

1. An increase of businesses opening in local... Read More
   
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Kislak sells multifamily portfolio for 19.5M

Woodbridge-based The Kislak Co. Inc. , a real estate brokerage, announced Friday the recent sale of a portfolio of five multifamily properties in East Orange for 19. 6 million.

95M sale of MetLife HQ caps redevelopment of Alcatel-Lucent campus

With the creation of an office property on the former Alcatel-Lucent campus in Hanover complete, the developers have sold the building for 95 million, they announced recently.

WCRE arranges office suite lease in Cherry Hill

WCRE announced Friday it has represented 950 NKH LLC in leasing and marketing an office suite in Cherry Hill.

The transformer Slowly but surely, Curtis Bashaw has helped change Cape May

Developer Curtis Bashaw has spent more than 20 years helping to transform Cape May.

SMG feels cancer center is model for future

Summit Medical Group's new MD Anderson Cancer Center site in Florham Park aims to be the model for the future of treating cancer the best care at the lowest cost.

CASINOS Tropicana's big-money bet

This summer, the Tropicana in Atlantic City completed a 40 million renovation project that included updated hotel rooms, another property entrance, a high-limit slots area and a number of added new features, from a luxury hair salon to a premier nightclub.

The transformer Slowly but surely, Curtis Bashaw has helped change Cape May

Developer Curtis Bashaw has spent more than 20 years helping to transform Cape May.

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The perfect and safe way to baby your children

When Ariana Horry gave birth to her now 8-year-old daughter, she found it difficult to shop for what she needed all in one place.

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E-commerce furniture company relocates N.J.-based distribution center to Elizabeth

Colliers International Group Inc. announced Friday it has brokered an industrial lease in Elizabeth for Article, an e-commerce furniture company headquartered in Vancouver, British Columbia.

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E-commerce furniture company relocated N.J.-based distribution center to Elizabeth

Colliers International Group Inc. announced Friday it has brokered an industrial lease in Elizabeth for Article, an e-commerce furniture company headquartered in Vancouver, British Columbia.

Luxury condo development breaks ground in Jersey City

Strategic Capital announced Thursday it has broken ground on a new luxury condominium development, Park and Shore, in Jersey City.

Blink Fitness opens its newest N.J. location in South Orange

Blink Fitness, a fitness club, has opened its newest New Jersey location in South Orange.

JCPL moving Central Jersey HQ to Bell Works

Bell Works has its latest tenant Jersey Central Power Light, which is moving its central New Jersey regional headquarters to the Holmdel office complex next year.

Pinnacle Foods appoints corporate development executive

Pinnacle Foods Inc. announced Thursday it has appointed Michael S. Levitt to senior vice president corporate development, effective Oct. 31.

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Colliers inks five deals at Crossroads Corporate Center in Lawrenceville

Colliers International announced Monday it has secured five tenants at the Crossroads Corporate Center in Lawrenceville, a 100,000-square-foot office property.

Horiba purchases facility from ATT

NAI DiLeo-Bram announced Thursday that Horiba Instruments Inc. has purchased an office building in Piscataway from ATT Corp.

Denholtz Associates inks lease renewals at Clark Commercial Center

Denholtz Associates, a real estate development, investment and management company, announced Tuesday that Retro Fitness and KinderCare Learning Centers LLC have both signed lease renewals at the Clark Commercial Center in Clark.

Sheldon Gross Realty sells large undeveloped Monmouth County site

Sheldon Gross Realty announced recently it has sold 47 acres of undeveloped land in Monmouth County&#8217s Wall Township.

Groundbreaking held for Gateway Twin Rivers project in East Windsor

The groundbreaking for the Gateway Twin Rivers project was held on Tuesday by East Windsor Mayor Janice S. Mironov, joined by council members Denise Daniels and John Zoller, along with representatives from Trammell Crow and CBRE.

At groundbreaking, officials say cancer center will impact care, costs

The groundbreaking for Summit Medical Group's new MD Anderson Cancer Center site in Florham Park on Tuesday attracted a who's who in the state, including Gov. Chris Christie, Department of Health Commissioner Cathleen Bennett, state Senate Minority Leader Tom Kean and Cooper Health System Chairman George Norcross.

Denholtz sells two flex properties in East Brunswick

Denholtz Associates, a real estate development, investment and management company, announced Monday the sale of two flex properties in East Brunswick.

Colliers facilitates sale of industrial building in South Jersey

Colliers International announced Tuesday it has facilitated the sale of an industrial building in Camden County.

Mack-Cali announces plans for Harborside 4 project in Jersey City, partnering with SJP

Mack-Cali Realty Corporation is bolstering its Hudson Waterfront holdings in Jersey City, it said Monday, announcing plans to build Harborside 4, a 1. 2 million-square-foot office tower, as part of a joint venture.

Leasing begins at Hudson Lights development in Fort Lee

Leasing has begun for 276 luxury apartments at the Hudson Lights complex in Fort Lee, according to the developer.

South Plainfield supermarket on verge of opening

The new ShopRite in South Plainfield is opening in November, the supermarket chain announced Monday.

Officials open new affordable-apartment building in Newark

Officials in Newark cut the ribbon on a new building downtown that features nearly 50 affordable housing units, they announced Monday.

JLL expands retail brokerage services adds SVP

JLL is expanding its retail brokerage services in New Jersey, it said recently, bringing on board veteran retail real estate executive Marta Person Villa as a senior vice president.

South Beach at Long Branch development hires contractor for preconstruction services

B. Harvey Construction has been hired for preconstruction services at the South Beach at Long Branch residential complex, developer FEM South Beach Urban Renewal LLC announced recently.

The wine sellers Opici, a fourth-generation wholesaler and distributor, always has been ahead of its time on gender equity

Dina Opici said her grandparents' story is inspirational &#8212 just not one she is looking to emulate exactly.

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Cushman Wakefield picked as agent for Old Bridge office building

Cushman Wakefield has been named the exclusive leasing agent for an Old Bridge office property, the commercial real estate services firm announced recently.

QuickChek named Convenience Store Chain of the Year at national event

QuickChek, the Whitehouse Station-based convenience store chain, picked up an armful of awards at a recent industry trade show, it announced Thursday.

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Industrial property sold will become self-storage facility

Metro Self-Storage has purchased an industrial building in Carlstadt with the intention of demolishing it for a self-storage facility, according to real estate services firm Marcus Millichap.

Cherry Hill building sold to be converted into medical offices

A building adjacent to Kennedy Hospital's Cherry Hill campus has been sold for 1. 6 million, according to Colliers International.

Harmon Meadows office building fetches 62M, CBRE says

A Secaucus office building has been sold for 62 million as part of a 1031 property exchange, according to real estate services firm CBRE Group Inc.

Normandy sells portion of Englewood Cliffs property to redevelop remainder

Normandy Real Estate Partners announced Thursday its latest plans to redevelop an Englewood Cliffs property.

Colliers arranges 2.5M sale of Pine Brook building

Colliers International Group Inc. 's Parsippany-based investment sales team recently arranged a 2. 5 million sale of a Pine Brook property, it announced recently.

Glomb named broker for Verona property

Ronnie Glomb of Your Town Realty has been chosen as the exclusive broker for a property in Verona that has been approved for a mixed-use building, he said recently.

Trentonian newspaper's office to be purchased by Dunkin' Donuts supplier more than 170 jobs coming

For Trenton, it looks like it's in with the new and out with the . . . news.

Making fun of Jersey City costs real estate exec his job, report says

Want to know what's not cool? Making fun of Jersey City.

NAI Hanson to list potential zip line park property in Morris County

NAI James E. Hanson has been named the exclusive listing agent for two properties, in Roxbury and Ledgewood, it announced Tuesday.

New York firm buys Mount Laurel office building

A New York-based real estate private equity firm has acquired an office building in Mount Laurel, it announced Tuesday.

Monmouth REIT acquires FedEx distribution center for 35.1M

Monmouth Real Estate Investment Corporation has acquired a new industrial building in New York state for more than 35 million, it announced Monday.

Big-box closures push retail vacancy rate higher in North, Central Jersey, survey finds

The retail vacancy rate in North and Central Jersey has risen since 2015, according to a new survey from real estate services firm The Goldstein Group &#8212 albeit only one percentage point.

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Big-box closures push retail vacancy rate higher in North, Central Jersey, survey finds

The retail vacancy rate in North and Central Jersey has risen since 2015, according to a new survey from real estate services firm The Goldstein Group &#8212 albeit only one percentage point.

DiPinto International Logistics leases industrial property in Dayton

Bussel Realty Corp. , a real estate services firm, announced DiPinto International Logistics has leased an industrial property in Dayton.

Sports performance center leases space in Marlton

WCRE has represented SPK Performance LLC in the leasing of an office space at the Marlton Plaza in Cherry Hill.

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Sports performance center leases space in Marlton

WCRE has represented SPK Performance LLC in the leasing of an office space at the Marlton Plaza in Cherry Hill.

Cutting edge Bangz Salon and Spa, with its unusual biz plan, proved bigger can be better

Walking up the front stairs of Bangz Salon and Spa in Montclair, there's an easy detail to miss The ironwork on the railing slowly transitions from a classic design into more ornate ivy. With cast-iron shears caught up in the vines.

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Signature success Pais, 36, already is at the top of residential real estate, and she's just getting started

Michelle Pais opened her real estate firm two years into the recession &#8212 just as homes had reached their lowest prices in decades &#8212 without hesitation. And full of confidence.

Great expectations Inspira Health System has an aggressive growth plan, which includes building a new hospital

It&#8217s just 4 years old, but Inspira Health System is undergoing a growth spurt.

Cutting edge Bangz Salon and Spa, with its unusual biz plan, proved bigger can be better

Walking up the front stairs of Bangz Salon and Spa in Montclair, there's an easy detail to miss The ironwork on the railing slowly transitions from a classic design into more ornate ivy. With cast-iron shears caught up in the vines.

NAI DiLeo Bram completes 2 major industrial building sales totaling over 14M

NAI DiLeo-Bram Co. , a commercial real estate firm, announced it has represented the owners in two major industrial building sales in New Jersey totaling more than 14 million.

Langan Engineering adds environmental health practice, Phoenix office

Parsippany-based Langan Engineering Environmental Services has launched a new service and opened a Phoenix office as a result.

Groundbreaking ceremony held for strip mall in Union

Sun Equity Partners and REDCOM Design Construction LLC celebrated a groundbreaking ceremony of Greenleaf at Union, a strip mall located in Union that will house multiple retail outlets once completed in 2017.

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Groundbreaking ceremony held for strip mall in Union

Sun Equity Partners and REDCOM Design Construction LLC celebrated a groundbreaking ceremony of Greenleaf at Union, a strip mall located in Union that will house multiple retail outlets once completed in 2017.

Construction underway on second phase of residentialretail project in Jersey City

Fields Construction Co. , a construction management company, announced Thursday that construction is underway on the second phase of a residential and retail project in the heart of Jersey City&#8217s downtown.

Ridgewood Orthopedics expands in Poskanzer Skott-designed space

Ridgewood Orthopedic Group LLC announced it has completed renovating its offices in Ridgewood.

Amazon to hire thousands of seasonal workers in N.J. for holiday blitz

Amazon said Thursday it plans to hire more than 120,000 seasonal workers nationwide for the holiday season, including thousands in New Jersey.

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Matrix breaks ground on Staten Island logistics park

Cranbury-based Matrix Development Group has broken ground on the first two buildings in its Matrix Global Logistics Park in Staten Island, it announced Thursday.

Developers begin work on Cherry Hill rentals

Developers Sterling Properties and Bob Dale have broken ground on a luxury rental home project in Cherry Hill, they announced Thursday.

Cider rules Rosen using a pair of companies to bring jobs to the hardest-to-hire urban residents

Charles Rosen, founder and CEO of New Ark Farms in Newark, wanted to do more to create jobs and opportunities for local residents.

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One Theater Square could be bigger than a high rise

While skyscrapers continue to rise in Jersey City and across the Hudson River, Newark is gearing up for its own transformation.

CW says industrial real estate market continued strong pace in Q3

It was another good quarter for the industrial real estate market in northern and central New Jersey, according to Cushman Wakefield, but with one caveat.

221 Bergen apartment building in Harrison is sold

A boutique apartment building in Harrison has been sold, according to real estate services firm Holliday Fenoglio Fowler L. P.

Retail center sells for nearly 3.5M, Marcus Millichap says

Marcus Millichap has brokered the nearly 3. 5 million sale of a retail center located in Martinsville, it announced Monday.

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Retail center sells for nearly 3.5M, Marcus Millichap says

Marcus Millichap has brokered the nearly 3. 5 million sale of a retail center located in Martinsville, it announced Monday.

Two-building property in Wayne sold

A property in Wayne housing a pair of furniture retailers has been sold, according to real estate firm The Goldstein Group.

Two-building property in Wayne sold

A property in Wayne housing a pair of furniture retailers has been sold, according to real estate firm The Goldstein Group.

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Shake Shack to open first South Jersey location

Shake Shack is planning to open its first location in South Jersey and its fourth in the state, according to a report by CourierPost. com.

Shake Shack to open first South Jersey location

Shake Shack is planning to open its first location in South Jersey and its fourth in the state, according to a report by CourierPost. com.

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Maker of fireplace products moves from Lyndhurst to Hasbrouck Heights

A fireplace products company has signed a lease at Heights Plaza in Hasbrouck Heights, according to property owner and manager Alfred Sanzari Enterprises.

WCRE announces sale of warehouse property in Riverton

WCRE announced the sale of a 4,000-square-foot industrial building in Riverton.

Trump Taj Mahal closes in Atlantic City

Once billed as the &#8220eighth wonder of the world&#8221 by former owner Donald Trump, the Trump Taj Mahal formally closed Monday morning at 559 a. m. after 26 years in Atlantic City.

Mack-Cali sells two office buildings for 9.6M

Mack-Cali has sold a pair of office buildings in Basking Ridge to a private capital investment firm for 9. 6 million, according to real estate firm CBRE Group Inc.

Piscataway's One Centennial Plaza sells for 11M

A Piscataway office complex has sold for 11 million, according to real estate firm Colliers International.

Sanzari CEO says it's about time TTF deal is passed

A solution to Transportation Trust Fund problem was cheered by a longtime leader in the construction and infrastructure industry earlier this week.

Judge says S. Brunswick must include gap numbers in affordable housing calculations

A New Jersey Superior Court judge has ruled that South Brunswick, and by extension, other municipalities, must include so-called &#8220gap period&#8221 requirements when providing affordable housing.

Cushman Wakefield arranges 3 sales in Bayonne totaling over 4M

Cushman Wakefield announced Thursday it has closed on three sales in Bayonne totaling more than 4 million.

Accordia Realty named receiver of five-building portfolio in Evesham

Accordia Realty Ventures, a real estate firm, announced Thursday it has been appointed receiver of a five-building office portfolio in Evesham.

South Jersey office market on the rebound in Q3, WCRE says

The office leasing market in southern New Jersey is bouncing back from an early-year slowdown, according to the latest quarterly report from Wolf Commercial Real Estate.

NAI Hanson relocates Ramsey medical company to Upper Saddle River

NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced Thursday the sale of an office building in Upper Saddle River.

Multifamily housing investment remains strong in North Jersey, Marcus Millichap says

The Gold Coast continues to shine as a location for multifamily housing investment, according to real estate firm Marcus Millichap's third quarter 2016 research report.

Partnership expands mixed-use portfolio in Jersey City with purchase of 26 Journal Square

A partnership between Kushner Companies and The KABR Group announced Thursday that it has purchased a commercial tower in the heart of Jersey City&#8217s Journal Square neighborhood.

N.J. law firm expands lease in Livingston

Cushman Wakefield announced Wednesday it has completed a lease expansion for a law firm in Livingston.

Newark begins expansion of Riverfront Park

Newark aims to continue revitalizing the area near downtown along the Passaic River, as the city broke ground Wednesday on a planned four-acre expansion of its Riverfront Park.

Qualcomm renews lease in Bridgewater

Qualcomm Inc. has renews its 125,472-square-foot lease at the Somerset Corporate Center in Bridgewater, according to SJP Properties.

HFF closes 54M sale of high-rise apartment near Rutgers

Holliday Fenoglio Fowler L. P. announced Tuesday that it has closed on the 54 million sale of an apartment property in Franklin Township.

Toys R Us sells FAO Schwarz brand to Calif. firm

Toys R Us Inc. has sold its famed FAO Schwarz toy retail unit to the California-based ThreeSixty Group Inc. , a maker of consumer products for major retailers.

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OSHA cites two contractors, alleging fall hazards they face more than 200K in penalties apiece

The U. S. Department of Labor's Occupational Safety and Health Administration has cited a pair of New Jersey contractors, alleging they failed to provide workers with adequate fall protection at job sites in the region.

Woodmont says Metuchen apartments now open for leasing

Woodmont Properties announced Monday that its rental apartment community in Metuchen is now open for leasing.

SuperFresh replaces Pathmark in Irvington center

A new SuperFresh supermarket has opened at Lyons Plaza in Irvington, according to real estate developer Eastman Companies.

Four renew leases at Hackensack shopping center

Four retailers have renewed their leases at Summit Plaza in Hackensack, according to property owner and manager Alfred Sanzari Enterprises.

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Four renew leases at Hackensack shopping center

Four retailers have renewed their leases at Summit Plaza in Hackensack, according to property owner and manager Alfred Sanzari Enterprises.

Sitex continues to snap up properties in Meadowlands region

Developer Sitex Group has added to its New Jersey portfolio yet again, acquiring a 55,000-square-foot warehouse in Moonachie, it announced.

Goldstein Group places Sherwin Williams in Lacey Township

A Sherwin Williams paint store has sprouted up in Lacey Township, according to Chuck Lanyard, president of retail real estate services firm The Goldstein Group.

Garibaldi Group to handle subleasing of Somerset Corporate Center building

The Garibaldi Group has been chosen to sublease a 310,000-square-foot office building in the Somerset Corporate Center Campus, it announced Monday.

PSEG's Newark headquarters building sold for 174.5M

Public Service Enterprise Group's headquarters in downtown Newark has sold for 174. 5 million, according to the now-former owner.

Developer closes on former Roche campus, future home of new medical school

Prism Capital Partners has closed on its purchase of the former Hoffmann-La Roche Inc. campus that will house the planned Hackensack Meridian Health and Seton Hall University medical school, it announced Friday.

At NAIOP event, young entrepreneurs describe how they grew their footprint

Flexibility in office spaces is something that new companies seeking to plant themselves in New Jersey are looking for.

Leasing activity at 15-year high in North, Central Jersey, according to CW

The North and Central Jersey office markets saw some of the strongest leasing activity in more than a decade during a third quarter filled with large corporate relocations, Cushman Wakefield said Friday.

Office building in Saddle River sells for 19.7M

CBRE Group Inc. announced Thursday it has represented Mack-Cali Realty Corp. in the 19. 7 million sale of an office building in Saddle River.

Sotheby's expands luxury brand presence in Southeast Asia

Sotheby&#8217s International Realty Affiliates LLC announced Thursday that it will expand its brand presence in Thailand and the Philippines.

Bussel brokers sale of industrial property in New Brunswick

Bussel Realty Corp. announced Wednesday it has arranged the 4. 8 million sale of a 138,000-square-foot industrial property in New Brunswick.

G3 Communications inks lease at Sanzari-owned complex in Hasbrouck Heights

G3 Communications, a digital media company, announced Monday it has leased office space at the Heights Plaza in Hasbrouck Heights.

Royal Farms signs space at Sunbird Plaza in Marlton

RD Management LLC, a real estate development and management company, announced Tuesday Royal Farms has signed space at the Sunbird Plaza in Marlton.

Royal Farms signs space at Sunbird Plaza in Marlton

RD Management LLC, a real estate development and management company, announced Tuesday Royal Farms has signed space at the Sunbird Plaza in Marlton.

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Carnegie Center's developer acquires Hyatt located there

Real estate developer and manager The Landis Group has acquired the Hyatt Place hotel located within the Carnegie Center complex in Princeton, it announced recently.

Trenton architecture firm expands in Pennsylvania

Trenton-based architecture firm Spiezle Architectural Group has acquired a Pennsylvania-based firm in order to extend its reach and services, it announced Tuesday.

South Jersey logistics complex getting another tenant

A Nevada developer is building a South Jersey facility for a global produce company, it announced Tuesday.

Weichert New Homes hires new SVP

Weichert New Homes, based in Morris Plains, has named Cheri Bungard senior vice president, it announced Monday.

West Caldwell property sold for 3.5M

The home of a Kiddie Academy in West Caldwell has been sold for 3. 5 million, according to real estate firm Marcus Millichap.

Major N.Y. accounting firm growing its N.J. presence, Colliers says

Marks Paneth LLP, a New York-based accounting and advisory firm, is expanding in New Jersey with a new office in Parsippany, according to real estate services firm Colliers International Group Inc.

Wall Twp. Class A office building welcomes three new tenants

The Tomaro Professional Center has three new tenants joining its ranks, according to Vicky Tomaro, owner of TPC and president of Tomaro Financial Group.

Marcus Millichap completes South Orange site sale

Marcus Millichap announced Monday the sale of a development site located in South Orange, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

Crunch Fitness signs lease in Franklin Twp.

Health club chain Crunch Fitness has signed a long-term lease for Rutgers Plaza in Franklin Township, according to real estate services firm The Goldstein Group.

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Realogy names new president

Realogy Holdings Corp. , a residential real estate services company, announced Monday it has appointed John Peyton to the newly-created role of president and chief operating officer for its subsidiary, Realogy Franchise Group.

Crunch Fitness signs lease in Franklin Twp.

Health club chain Crunch Fitness has signed a long-term lease for Rutgers Plaza in Franklin Township, according to real estate services firm The Goldstein Group.

Philadelphia 76ers cut ribbon on new Camden practice facility

The Philadelphia 76ers officially opened the door Friday to their new state-of-the-art practice facility in Camden, cutting the ribbon on the 125,000-square-foot complex that is now the largest of its kind in the NBA.

Conair sells 27 acres of land in East Windsor

Conair Corp. has sold 27 acres of land in East Windsor, according to Bussel Realty Corp.

Panasonic extends Newark lease, NGKF says

Panasonic Corporation of North America has signed a lease extension for its headquarters in Newark, according to real estate advisory firm Newmark Grubb Knight Frank.

Gebroe-Hammer arranges 7 sales totaling 51.35M

Gebroe-Hammer Associates announced it has recently arranged seven sales totaling approximately 51. 35 million and 315 units.

New apartment building opens in downtown Bloomfield

BNE Real Estate Group announced Tuesday it has opened The Green at Bloomfield, a new apartment community in downtown Bloomfield.

Polygon Plaza traded in 22M deal

Polygon Plaza, a 90,000-square-foot office building located in Fort Lee&#8217s redevelopment district, has been traded for 22 million, Cushman Wakefield announced recently.

NAI Hanson arranges sale of medical office building in Elmwood Park

NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced Monday it had arranged the sale of a medical office building in Elmwood Park.

Developer cuts ribbon on South Orange apartment and retail property

A South Orange mixed-use property held its ribbon-cutting Monday, and announced it has signed leases for 30 percent of its apartments since the process began in July, according to the developer and property manager.

Jaguar gets approval to customize, expand new Mahwah HQ signs long-term lease

Jaguar Land Rover North America LLC has signed a long-term lease to move to the Sharp Electronics Corp. building in Mahwah and received approval from the township planning board to begin customization and expansion of the property.

Redwood Realty closes sale of two N.J. complexes

Redwood Reality Advisors announced Sunday it has closed on two properties totaling a combined 4 million.

Former Winick Realty exec opens own firm

A former executive with Winick Realty Group has opened his own boutique firm in Holmdel, he announced recently.

N.J. Realtors cuts ribbon on new Trenton headquarters

New Jersey Realtors, the nonprofit organization comprised of members from the state&#8217s real estate community, formally cut the ribbon last week on its new 8 million headquarters in Trenton.

Life of pie

The best pizza in New Jersey &#8230 can be found at the end of an alley on Broad Street in Elizabeth.

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GOING YARD At Rutgers, the transformation of the College Avenue Campus is coming into focus

When Rutgers opened its football season on the road against the University of Washington earlier this month, it marked the start of a new era at the College Avenue Campus. An era that has nothing to do with the university's football team or its new head coach.

Life of pie

The best pizza in New Jersey &#8230 can be found at the end of an alley on Broad Street in Elizabeth.

KABR breaks ground on apartments in Jersey City's McGinley Square area

The KABR Group broke ground Thursday on a new apartment building in Jersey City's McGinley Square neighborhood, it announced.

Colliers named leasing agent for Russel Hall in Oceanport

Colliers International Group Inc. announced Thursday it has been named the exclusive marketing agent for Russel Hall in Oceanport.

Express Laundry World sold in Maplewood

A card system laundromat was recently sold in Maplewood, according to Larry Bodner, president of Executive Business Brokers in Union.

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Alexander Anderson negotiates two leases in Hackensack

Alexander Anderson Real Estate Group announced recently it has negotiated two leases totaling 13,400 square feet in Hackensack&#8217s downtown area.

Construction underway on Newark high rise, NJPAC and developer say

The New Jersey Performing Arts Center and Philadelphia developer Dranoff Properties Inc. have begun construction on Newark's first new, upscale residential high rise in more than 50 years, they announced Friday.

Unilever sells Englewood Cliffs HQ to OVG, Normandy will lease it back

Unilever NA has sold its U. S. headquarters building in Englewood Cliffs to a joint venture of OVG Real Estate and Normandy Real Estate Partners in a sale-leaseback deal, according to an announcement Wednesday.

Two law firms ink leases at Sanzari-owned complex in Hackensack

Alfred Sanzari Enterprises, a real estate developer and owner, announced Wednesday that two law firms have leased space at the 335,000-square-foot Court Plaza in Hackensack.

Silk Mill Lofts artist complex is acquired

The historic Silk Mill Lofts commercial complex in Union City has been acquired by a New York-based real estate developer, it announced Wednesday.

MetLife Investments cuts ribbon on new global headquarters in Whippany

With the help of Lt. Gov. Kim Guadagno and a company-branded blimp flying overhead, MetLife Investments formally cut the ribbon Wednesday on its new 184,500-square-foot global headquarters in the Whippany section of Hanover Township.

Nickelodeon Universe theme park coming to American Dream, developer says

American Dream developer Triple Five has another tenant for the megamall, on Tuesday announcing the Meadowlands project would house what it called the largest indoor theme park in the Western Hemisphere.

Nickelodeon Universe theme park coming to American Dream, developer says

American Dream developer Triple Five has another tenant for the megamall, on Tuesday announcing the Meadowlands project would house what it called the largest indoor theme park in the Western Hemisphere.

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Toys R Us continues to narrow its net losses in Q2

Wayne-based toy retailer Toys R Us Inc. reported solid results for the fiscal second quarter of 2016, as same-store sales and operating earnings both improved, while its net loss narrowed, it said Tuesday.

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KPMG announces purchase of Montvale property

Audit, tax and advisory firm KPMG LLP confirmed it was the buyer of a 60,000-square-foot property in Montvale, expanding its presence in the area.

JLL to manage pair of Linden warehouse and distribution buildings

Real estate services firm JLL said Monday it has been chosen to provide property management services to a pair of warehouse and distribution facilities in Linden.

Developers celebrate major NJCU project groundbreaking

Alongside joint venture partner Claremont Companies and project investment advisor Circle Squared Alternative Investments, the Hampshire Companies kicked off a groundbreaking celebration Monday in Jersey City for the start of a major redevelopment project on the campus of New Jersey City University.

Verizon renews, expands at Class A corporate campus in Livingston

Verizon Communications announced Monday it has renewed and expanded its office lease at the Eisenhower Corporate Campus in Livingston.

Goldstein places Fresh Market in Passaic

A Fresh Market has moved into Passaic, according to Chuck Lanyard, president of The Goldstein Group.

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Goldstein places Fresh Market in Passaic

A Fresh Market has moved into Passaic, according to Chuck Lanyard, president of The Goldstein Group.

Inspira leases space for seventh urgent care facility

Inspira Health Network has leased its seventh urgent care facility in South Jersey, WCRE announced Friday.

Veteran brewer

Torie Fisher spent her 19th birthday in Iraq, during the first of her two deployments with the U. S. military. The service was all she had ever known, starting with her station in Germany after high school.

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Christie takes action, calls UEZ a 'failed experiment'

Calling them a &#8220failed 30-year experiment,&#8221 Gov. Chris Christie recently conditionally vetoed a measure that would have extended the lifespan of the state's 32 Urban Enterprise Zones by another 10 years.

Title Resource Group acquires TitleOne in Idaho

Title Resource Group LLC, a Mount Laurel-based title and settlement service provider, announced Friday it has acquired TitleOne Corp. based in Boise, Idaho.

Marcus Millichap sell South Jersey Wawa for 7.02M

Marcus Millipchap announced that a Wawa in South Jersey has been sold for 7. 02 million, according to Bryn D. Merrey, regional manager of the firm&#8217s Washington, D. C. office.

Developers bring Summit office building to full occupancy with series of leases

A 128,000-square-foot office building in Summit has been brought to full occupancy by its developers, the pair announced Thursday.

Cush Wake inks 5.7M trade of former Winebow HQ in Montvale

Commercial real estate services firm Cushman Wakefield has orchestrated the trade of the former Winebow headquarters building in Bergen County for 5. 7 million.

Hackensack office complex sold for 63M

Continental Plaza in Hackensack has sold for 63 million in what real estate services firm Colliers International Group Inc. called the largest office trade in Bergen County this year.

Data solutions firm moves to Somerset Corporate Center

A data infrastructure and messaging solutions company is moving from Piscataway to Bridgewater, according to real estate developer and property manager SJP Properties.

Christie announces razing of state buildings to make way for Trenton development

Gov. Chris Christie was in Trenton on Wednesday to announce plans to demolish three state office buildings in the city and relocate those offices to two new, more efficient structures.

Brooklyn data center expands footprint into North Jersey

ColoGuard Enterprise Solutions LLC, Brooklyn&#8217s only data center, announced it has acquired data center space in Jersey City.

Somerset industrial building sold for 9.1M

Terreno Realty Corporation, which owns and operates industrial real estate in six markets nationwide, has paid 9. 1 million for a Somerset industrial property, it announced Tuesday.

Why unions are fighting for undocumented workers

Immigration, a huge part of the political rhetoric this election cycle, has ties to labor unions, too. And not necessarily how you would think.

Beer music Sounds like a biz plan to us

As Labor Day weekend comes and goes, most Shore business owners are getting ready to enjoy a quiet off-season until next summer rolls around.

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South Jersey BJ's sold for 15.6M

A BJ's Wholesale Club in South Jersey has sold for 15. 6 million, according to real estate firm CBRE Group Inc.

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South Jersey BJ's sold for 15.6M

A BJ's Wholesale Club in South Jersey has sold for 15. 6 million, according to real estate firm CBRE Group Inc.

Green Brook mall sells for 11M-plus

A Green Brook shopping center sold for 11. 25 million, according to real estate brokerage The Kislak Company Inc.

Green Brook mall sells for 11M-plus

A Green Brook shopping center sold for 11. 25 million, according to real estate brokerage The Kislak Company Inc.

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UMH Properties acquires two Ohio communities

UMH Properties Inc. , a Freehold-based real estate investment trust, announced Thursday it has acquired two communities located in Ohio for approximately 2. 95 million.

The Bridge leases space at medical campus hub in Irvington

The Bridge Inc. , a nonprofit organization and provider of substance abuse, family crises and mental health counseling services, announced Thursday it has signed a long-term lease at a medicalprofessional campus in Irvington.

Commercial Real Estate Market Trends Update: August 2016

George Ratiu, Director of Quantitative and Commercial Research, and Stephanie Spear, Commercial Regulatory Policy Representative, provide an update on the commercial real estate market trends for the 2nd Quarter.

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In demand Companies need to be creative while searching for space in Morristown

It was 2013 when Fox Rothschild ramped up its search for new office space in northern New Jersey, with an eye toward the future and its ability to compete for talented young attorneys. Leaders of the firm set their sights on Morristown, a place its real estate team knew all too well.

RCI grows network with addition of 70 affiliated resorts

RCI, a vacation exchange company and part of the Parsippany-based Wyndham Worldwide family of brands, announced Tuesday 70 new properties have joined its affiliate exchange network during the first half of 2016.

Toys R Us names head of Canada region

Wayne-based Toys R Us announced Monday it has appointed Melanie Teed-Murch as president of Toys R Us, Canada, effective Sept. 1.

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Five Below opens at Stafford Park in Ocean County

Philadelphia-based Five Below, a retail store chain, is the newest business to open at the Stafford Park Shopping Center in Ocean County.

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Five Below opens at Stafford Park in Ocean County

Philadelphia-based Five Below, a retail store chain, is the newest business to open at the Stafford Park Shopping Center in Ocean County.

CBRE arranges 3M sale of retail site in Toms River to QuickChek

CBRE Group Inc. announced Friday that it has arranged the 3 million sale of a retail development site in Toms River to QuickChek.

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CBRE arranges 3M sale of retail site in Toms River to QuickChek

CBRE Group Inc. announced Friday that it has arranged the 3 million sale of a retail development site in Toms River to QuickChek.

Monmouth REI Corp. acquires industrial building for 31.74M

Monmouth Real Estate Investment Corp. announced Monday it has acquired a new industrial building in Kansas for 31. 74 million.

R.J. Brunelli named broker for 4 Central Jersey retail sites

R. J. Brunelli Co. LLC announced Monday that it has been selected to exclusively broker for four new and existing retail sites in Central Jersey.

Commercial Real Estate Expansion Foreseen

WASHINGTON (August 29, 2016) — Buoyed by a steadily improving labor market and strong demand for multifamily housing, commercial real estate activity should remain on an upward trajectory, with a growing share of it is expected to be in smaller markets, according to the National Association of Realtors® quarterly commercial real estate forecast.

National office vacancy rates are forecast by Realtors® to fall 1.5 percent to 10.4 percent over the coming year as employment gains boost demand for office space. The... Read More

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Mergers and competition How merger transactions impact consumers

With some calling 2015 &#8220the Year of the Merger,&#8221 we saw a whopping 4. 7 trillion in mergers last year, the largest volume in history. Shell and BG Group, Time Warner and Charter Communications, Dell and EMC, Heinz and Kraft, all began consolidating. Despite this ever-growing trend, little attention has been paid to how these. . .

Sharp moving to Montvale, Jaguar taking over HQ site in Mahwah

A pair of North Jersey companies are shuffling their U. S. headquarters, with Sharp Electronics moving from Mahwah to Montvale and Jaguar Land Rover North America taking its place.

JLL appoints SVP to oversee its N.J.-based project and development services team

JLL announced Friday that it has appointed Christopher Perruna as senior vice president to oversee its project and development services team in New Jersey.

Two sign leases at North Brunswick retail center

Two new tenants have signed leases at a North Brunswick shopping center, according to real estate services firm Levin Management.

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Two sign leases at North Brunswick retail center

Two new tenants have signed leases at a North Brunswick shopping center, according to real estate services firm Levin Management.

JLL picked to lease remainder of Hahne's building in Newark

Real estate services firm JLL has been chosen to lease the remaining space at the former Hahne Co. flagship store in Newark, it announced Thursday.

Ultimate golf center reveals site of second N.J. location slideshow

Topgolf International, a global entertainment leader, announced Thursday it has chosen its second location in New Jersey.

Commercial Campaign

The leg of the Consumer Advertising Campaign focusing on commercial real estate showcases to consumers the benefits of working with a REALTOR® when looking for a commercial space. The ads explain that the right commercial space is a competitive advantage and that having a REALTOR® by their side is the ultimate secret weapon when searching for that competitive advantage.

Media Partnerships

Money and Fortune

The advertising campaign has partnered with Money and Fortune to create a 10-part series of articles designed to showcase unique, out-of-the... Read More

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NAR Meets With MBA on Capital Standards

Stephanie Spear of NAR Government Affairs meets with a representative of the Mortgage Bankers Association to discuss capital standards and how regulatory issues could impact the availability of mortgage financing for commercial real estate.

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Levin selected to lease vacant Sports Authority space in Paramus

Retail space in Paramus that was once occupied by national sporting goods chain Sports Authority is available for lease, according to Levin Management.

Levin selected to lease vacant Sports Authority space in Paramus

Retail space in Paramus that was once occupied by national sporting goods chain Sports Authority is available for lease, according to Levin Management.

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Dovetail opens expanded HQ in N.J.

Dovetail announced Tuesday that it has opened and expanded headquarters in New Jersey.

Big HQ moves bolstered suburban lease activity in Q2, CBRE says

Some major headquarters leases helped boost the suburban office market in the second quarter of 2016, according to the latest report from CBRE Group Inc.

Developers tout Jersey City residential building's co-working space

When it opened last summer at the corner of Grove and Montgomery streets, Charles Co. was among the latest high-end residential, amenity-rich buildings to come to downtown Jersey City.

Upgraded industrial property in South Brunswick is sold

An industrial property in South Brunswick has been sold after a 1 million-plus upgrade project, according to real estate firm Cushman Wakefield.

West New York building sells for 9M

Augustus Companies, a commercial real estate firm, said recently it has arranged the 9. 2 million sale of a West New York multifamily property.

Report Revel owner planning October soft reopening

Developer Glenn Straub plans to hold a soft opening for his shuttered Revel property in Atlantic City on Oct. 1 and will be fully up and running by the end of the year, according to a report over the weekend by The Press of Atlantic City.

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IN DEMAND Companies need to be creative while searching for space in Morristown

It was 2013 when Fox Rothschild ramped up its search for new office space in northern New Jersey, with an eye toward the future and its ability to compete for talented young attorneys.

URBAN EFFORT As more towns embrace need for development, builders see opportunity for new hot spots on rail lines

Jonathan Schwartz thinks back to roughly four years ago, when BNE Real Estate Group took the lead in a mixed-use redevelopment project in downtown Bloomfield.

COMING OF AGE Slowly but surely, The Rockefeller Group's vision for Florham Park comes to life in The Green

Visions for The Green at Florham Park date back more than a decade, when its developers began to mull the potential of the sprawling former ExxonMobil research campus off Park Avenue.

Home cooking Returning to the Ryland Inn in Whitehouse Station has proven to be beneficial to both Chef Craig Polignano and one of the state's premier restaurants

Craig Polignano knew he wanted to be a top chef. He knew the Ryland Inn in Whitehouse Station was a &#8220culinary mecca. &#8221He also knew he had a lot to learn.

Toys R Us' top marketer leaves for Macy's

A Toys R Us executive has joined Macy's Inc. as its new chief marketing officer, the department store chain said Thursday.

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Princeton-based AMREP names new CFO

AMREP Corporation, based in Princeton, has named a new chief financial officer, it said Thursday.

Medical equipment supply companies sold

Priority Medical and Short Hills Cranial Center, two sister medical equipment supply companies, have been acquired by a private investor, according to brokerage Benjamin Ross Group.

Raymour Flanigan leases space for first N.J. outlet

A furniture retailer has leased more than 41,000 square feet in Paramus for its first New Jersey outlet store, according to real estate company Levin Management.

Raymour Flanigan leases space for first N.J. outlet

A furniture retailer has leased more than 41,000 square feet in Paramus for its first New Jersey outlet store, according to real estate company Levin Management.

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Ohio company unveils 400K sq.ft. South Jersey facility

An Ohio fencing and railing company has opened its new manufacturing and distribution center in Galloway near Egg Harbor City, it said Thursday.

Commercial Regulatory Update: NAR Meets with ICSC

Abby Jagoda, Director, Federal Government Relations for the International Council of Shopping Centers (ICSC) talks with Stephanie Spear, NAR Commercial Regulatory Policy Rep, about what issues ICSC members are facing and how NAR and ICSC can work together to address them.

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J.G. Petrucci completes sale of Class A industrial facility in South Brunswick

J. G. Petrucci Co. Inc. announced Wednesday that it has completed the sale of a Class A industrial building in South Brunswick.

Gebroe-Hammer arranges 18.5M sale of 3-property portfolio in East Orange

Gebroe-Hammer Associates, a multifamily sales brokerage firm, recently announced it had arranged the 18. 5 million sale of a three-property apartment community portfolio in East Orange.

Commercial Regulatory Update: NAR Meets With Banking Group

Rod J. Alba, Sr. Vice President, Mortgage Finance & Senior Regulatory Counsel of the American Bankers Association, sits down with Stephanie Spear, NAR Commercial Regulatory Policy Representative, to talk about common issues facing ABA and NAR members. Hear about what regulatory efforts ABA has been up to in 2016 and how NAR members can work more with ABA members.

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Sudler begins work on latest building in Lakewood complex

The Sudler Cos. has started construction on another building within its Lakewood industrial complex, following the lease-up of its last remaining space at a new 140,000-square-foot building nearby.

Developers break ground on South Beach-inspired condo complex in Long Branch

Developers have broken ground on an upscale, 47-unit condominium complex in Long Branch, part of an ongoing effort to revitalize the beachside city in Monmouth County.

East Rutherford apartment complex sells for 91M

A private group has paid 91 million to acquire a high-end apartment complex near MetLife Stadium in East Rutherford, broker HFF announced, coming on the heels of the firm's involvement in a 305 million sale of the Novo Nordisk headquarters campus in Plainsboro.

Metrofuser leases space in Elizabeth

Bussel Realty Corp. announced Tuesday that Metrofuser LLC, a manufacturer of printer parts, has leased space in a 175,000-square-foot industrial property in Elizabeth.

HFF closes 305M sale of Novo Nordisk's HQ in Princeton

Holliday Fenoglio Fowler L. P. announced Monday that it has closed on the sale of Novo Nordisk&#8217s North American headquarters in Princeton.

Onyx Equities grows portfolio with office campus purchase

Onyx Equities LLC, in partnership with Garrison Investment Group, announced that they have purchased an office campus in Paramus.

Colliers negotiates industrial lease in Monroe Twp.

Colliers International Group Inc. announced Friday it has negotiated an industrialwarehouse lease at the 218,100-square-foot Prologis Monroe in Monroe Township.

WCRE represents law firm in Class A office space lease

Wolf Commercial Real Estate announced Monday that it has represented a law firm in its lease of a Class A office space in Marlton.

Ready for takeoff But can Jet.com remain an anchor in the N.J. tech sector after being acquired by Walmart?

By most accounts, the rise of Jet. com has been meteoric. The online marketplace officially launched in July 2015 and was selling close to 2 million in merchandise daily by the end of the year, while fulfilling orders for 3 million customers during those first six months.

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South Orange apartment sale sets per-unit price mark, Kislak says

A private investor has paid nearly 33 million to acquire a 2-year-old, 57-unit luxury apartment community in downtown South Orange, in a deal brokered by The Kislak Co. Inc.

Research: Diverging Trends in Market Performance

With a slowdown in global economic activity, financial market volatility and a contentious presidential campaign, commercial real estate investors have taken a step back in the early months of 2016. The U.S. economy sputtered during the first quarter of 2016, with gross domestic product advancing at a weak 1.0 percent... Read More

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Lumber Liquidators renews at Sanzari industrial building

Lumber Liquidators, the specialty hardwood flooring retailer, has renewed its lease for 11,000 square feet of industrialwarehouse space in South Hackensack, according to property owner and manager Alfred Sanzari Enterprises.

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Lumber Liquidators renews at Sanzari industrial building

Lumber Liquidators, the specialty hardwood flooring retailer, has renewed its lease for 11,000 square feet of industrialwarehouse space in South Hackensack, according to property owner and manager Alfred Sanzari Enterprises.

Developers break ground on Aberdeen apartment, retail complex

Developers in Monmouth County have broken ground on a mixed-use project with more than 200 apartments, capitalizing on a site that sits just steps from Aberdeen-Matawan train station.

Former ATT facility in Morris Twp. has new owners

Onyx Equities LLC and PCCP LLC are the new owners of a nearly 400,000-square-foot office building in Morris Township that once served as a former regional headquarters for ATT.

Novo Nordisk HQ sells for 305M to Korean investment firm top single-asset sale of 2016

The developers of Novo Nordisk's 3-year-old, 762,000-square-foot North American headquarters in Plainsboro have sold the property for 305 million, brokerage firm Cushman Wakefield said Wednesday.

Marsh McLennan renews lease in Hoboken for 15 years

Global professional services firm Marsh McLennan will be a tenant in Hoboken for at least 15 more years, following the renewal of its long-term lease with landlord SJP Properties.

Summer 2016: Building Opportunities, Community & Our Future

Table of Contents

• REALTORS® Advocate in Washington for Communities Back Home: A Note From the President
• Advocacy: Crowdfunding: Rules, Regulations, and Real Estate
• Professional Advice: Three Ways to Torpedo a Transaction
• Feature: Industrial... Read More
  
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J.G. Petrucci buys Belleville apartment building

J. G. Petrucci Company Inc. has acquired a multifamily property in Belleville, it announced Monday.

Networking: 9 Tips for Naturally Navigating Business Networking

1. "When in groups of movers and shakers, listen and then pass your card. When one-on-one pay close attention and speak when asked a question." John Walters
2. "Smile, don't hang with people you already know, and try to introduce someone you don't know to someone else you don't know!" Raphael Barta, SFR
3. "Research the attendees list for people you want to meet and be ready to bring value to the conversation." Chad Gleason, CCIM
4. "Participate in charities: give your money and your time to something you... Read More
   
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Lincoln Equities marketing 70K sq.ft. in Princeton Forrestal Village

Lincoln Equities Group is marketing 70,000 square feet of creative loft-style space in a decidedly suburban area, Princeton Forrestal Village, along Route 1 in central New Jersey.

Hugo Neu picks brokers, architects for industrial park redevelopment project

Commercial real estate services firm Hugo Neu has named both a brokerage team and architect for its 130-acre redevelopment project known as Kearny Point Industrial Park, the company said.

HFF secures 155M loan for Jersey City tower

HFF has secured more than 150 million in financing for the development of a 539-unit, 50-story apartment tower in downtown Jersey City, the firm announced.

Hackensack planners OK downtown apartment building

A real estate firm is one step closer to building a new six-story apartment building in downtown Hackensack, following a recent approval by the city's planning board.

2016 Q2 Commercial Real Estate Market Survey

The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing transactions, along with information on current economic challenges and future expectations.

Highlights

• 66 percent of REALTORS® closed a commercial sale.
• Sales volume rose 8.4 percent from a year ago.
• ... Read More
  
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Tokio Marine insurance firm signs leases in Jersey City, Manhattan

An insurance company has leased more than 45,000 square feet in Jersey City as part of a reshuffling of its real estate footprint in the region, brokerage firm JLL announced.

Food Emporium signs lease at Onyx Equities property in Plainsboro

The Food Emporium has signed a lease for 43,000 square feet at Plainsboro Plaza in Plainsboro, according to owner Onyx Equities LLC.

Finding the finances Who is helping entrepreneurs and small-business owners in diverse communities?

If train A is traveling east at 60 mph and train B is headed south at 30 mph, when will they meet? Plot twist the tracks are nowhere near each other and never intersect. This is the scenario minority entrepreneurs often feel they face when trying to find loans and angel investors.

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The long road to success How Oak Tree Road in Woodbridge became an example of cultural-based commerce

With dozens of businesses owned and operated almost exclusively by immigrants from India and Pakistan, it would be easy to say Oak Tree Road in the Iselin section of Woodbridge is perhaps the greatest example of diversity-driven commerce in the state. Here&#8217s another way to describe it.

The long road to success How Oak Tree Road in Woodbridge became an example of cultural-based commerce

With dozens of businesses owned and operated almost exclusively by immigrants from India and Pakistan, it would be easy to say Oak Tree Road in the Iselin section of Woodbridge is perhaps the greatest example of diversity-driven commerce in the state. Here&#8217s another way to describe it.

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Cranbury's World and Main names new CEO

A Cranbury-based provider of product development solutions named a new CEO, it announced recently.

Walmart buying Hoboken-based e-commerce firm Jet.com for more than 3B

Nearly 3 billion in cash to grow one&#8217s brand? Jet. com will take it. Wal-Mart Stores has agreed to acquire the Hoboken-based online retailer in order to expand the e-commerce growth and customer reach of its Walmart brand, Doug McMillion, CEO and president of Wal-Mart Stores, said in a statement.

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Mack-Cali starting to make its moves

To Morris Plains Mayor Frank Druetzler, the mix of high-end and affordable housing that will make up a new 197-unit apartment community is no doubt a positive for the borough.

Forward thinking At NAI James E. Hanson, preparing next generation of brokers is top of mind

As Bill Hanson recalls, the training program for a young, aspiring commercial real estate broker was rather simple in past decades &#8220Here's a desk. Here's a phone. Go get 'em, kid. &#8221

Electronic efforts Tofel feels FootprintID is telemedicine tool needed to fill gaps of electronic health portals

Beth Tofel knows firsthand how frazzled mothers and working women can get. Sometimes the mere hassle of going to the doctor keeps them from seeking the care they need before taking care of others, she said.

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Dancker Moving quickly ... for more than 200 years

Dancker Sellew Douglas has been supplying office furniture for nearly 200 years, but CEO and President Steven Lang says he's more impressed by his company's ability to change quickly rather than survive for the long haul.

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NFI breaks ground on QPSI HQ in Florence

NFI, a supply chain solutions provider, broke ground Thursday on a facility for Quality Packaging Specialists International LLC, a packaging provider, at NFI Park in Florence.

Developer breaks ground on Morris Plains apartments, on site of former office building

Roseland Residential Trust has started construction on a new 197-unit apartment community in Morris Plains, giving new life to the site of a former Mack-Cali Realty Corp. office building off Route 10.

The long road to success

With dozens of businesses owned and operated almost exclusively by immigrants from India and Pakistan, it would be easy to say Oak Tree Road in the Iselin section of Woodbridge is perhaps the greatest example of diversity-driven commerce in the state.

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The long road to success

With dozens of businesses owned and operated almost exclusively by immigrants from India and Pakistan, it would be easy to say Oak Tree Road in the Iselin section of Woodbridge is perhaps the greatest example of diversity-driven commerce in the state.

Sitar Realty involved in several real estate sales

Iselin-based Sitar Realty Co. announced Wednesday it has been involved in a number of recent real estate transactions, it announced.

EY signs lease at Hoboken's Waterfront Corporate Center

Global accounting firm EY has leased 168,000 square feet at SJP Properties' Waterfront Corporate Center in Hoboken, cementing its closely watched plans to move more than a thousand employees across the Hudson River from its Times Square office.

Ex-government official takes on new role in South Jersey with architecture, engineering firm

After more than 20 years in state and municipal government, Marge DellaVecchia turned to the county level in 2010, when she was hired as the deputy administrator in Camden County.

Rockefeller Group secures 70M financing for corporate housing project

The Rockefeller Group has secured 70 million in financing for the construction of a flexible-stay community in its master-planned development known as The Green at Florham Park.

Sock maker moves to Pennsauken

A sock manufacturer whose former Camden location was sold to make way for the new Subaru of America headquarters has found a new home in Pennsauken, according to Colliers International.

Sherwin Williams opens two new locations in N.J.

The Goldstein Group has placed Sherwin Williams in Butler and Shrewsbury, according to Chuck Lanyard, president of the Paramus-based real estate services firm.

Sherwin Williams opens two new locations in N.J.

The Goldstein Group has placed Sherwin Williams in Butler and Shrewsbury, according to Chuck Lanyard, president of the Paramus-based real estate services firm.

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Two sign leases at Saddle Brook center

Two retailers have signed leases at Saddle Brook Square Shopping Center in Saddle Brook, bringing the center to 100 percent occupancy, according to real estate brokerage Ripco Real Estate.

Drugmaker Aurobindo breaks ground on East Windsor facility

Aurobindo USA has broken ground on the 567,000-square-foot facility it is building as a new U. S. headquarters in East Windsor Township, the municipality announced Monday.

Better Homes and Gardens Real Estate names chief operating officer

Better Homes and Gardens Real Estate announced Monday it has named Daniel Dannenmann its new chief operating officer, effective immediately.

Moorestown apparel retailer names chief financial officer

Destination Maternity Corp. , a Moorestown-based maternity apparel retailer, announced Monday it has appointed David Stern executive vice president and chief financial officer.

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Earn With MVP and Commercial

Subscribe to NAR’s Commercial Digest e-newsletter by Aug. 15 through the MVP Program for a chance to win a course from CCIM.

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Longtime Nets complex in Meadowlands to become YMCA facility

The former New Jersey Nets headquarters in East Rutherford has been given a second life as the future home of the Meadowlands Area YMCA, a project that&#8217s now underway after local leaders gathered Thursday for a ceremonial groundbreaking.

Mack-Cali inks deal with Omnicom, touts Q2 leasing

After being offered a nearly 40 million tax credit as an incentive, a global advertising and marketing firm has inked a lease in Jersey City that will bring hundreds of jobs from Manhattan.

Hampshire sells industrialoffice complex in Hackensack

The Hampshire Companies announced Friday the sale of an industrial and office complex in Hackensack.

Cushman Wakefield broker sale of Hamilton property

Cushman Wakefield announced Thursday its Metropolitan Area Capital Markets Group has brokered the sale of a property in Hamilton.

JLL Bright horizon for office markets in Newark, Hudson waterfront

For all the talk about the Hudson waterfront locales of Jersey City and Hoboken, the office market in New Jersey&#8217s largest city also looks to be trending in the right direction.

Commercial Member Profile

Highlights:

The NATIONAL ASSOCIATION OF REALTORS® Commercial Member Profile details the business and demographic characteristics of NAR commercial members. Commercial members have expertise in the field of commercial real estate and have experience working in many property types.

• Forty-seven percent of NAR’s commercial members are brokers (down from 59 percent in 2015), and licensed sales agents make up 31 percent (up from 24 percent last year).
• Sixty percent (up from 55 percent in 2015) respondents have commercial designations.
• ... Read More
  
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2016 NAR Commercial Member Profile

This infographic highlights findings from the 2016 NAR Commercial Member Profile.

Download Infographic (519KB)

More Information

• See the report.
• Read the news release about the Commercial Member Profile.
• ... Read More
  
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Highlights: 2016 NAR Commercial Member Profile

This video highlights key points from the 2016 Commercial Member Profile.

More Information

• Read the news release about the 2016 Commercial Member Profile.
• See more data on commercial real estate.

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NAR Reports Significant Increase in Commercial Membership

WASHINGTON (July 28, 2016) – The median annual income and number of sales transactions of National Association of Realtors® commercial members decreased slightly as the number of new commercial members significantly increased in 2015, according to the 2016 NAR Commercial Member Profile.

The number of commercial members with less than two years of experience nearly doubled to 9 percent in 2016, from 5 percent in 2015. The annual study's results represent Realtors®, members of NAR, who conduct all or part of... Read More

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Bussel brokers 9.1M sale of industrial property in Linden

Bussel Realty Corp. announced Wednesday that it has arranged the sale of an industrial property in Linden for 9. 1 million.

Marcus Millichap complete 3.2M sale of mixed-use building in Bayonne

Marcus Millichap announced the sale of a mixed-use property in Bayonne for 3. 2 million, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

CBRE arranges sale of 3 N.J. retail properties

CBRE Group Inc. announced Tuesday that it has completed three separate retail property sales totaling more than 7 million in New Jersey.

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CBRE arranges sale of 3 N.J. retail properties

CBRE Group Inc. announced Tuesday that it has completed three separate retail property sales totaling more than 7 million in New Jersey.

Parking becoming key part of deals Office space shrinking, but not need for spots

When it came time to market 10 Sylvan Way to tenants last year, Normandy Real Estate Partners made sure to leave no stone unturned.

Nobile Nails leases space at Summit Plaza in Hackensack

Nail salon Nobile Nails has leased space at the Summit Plaza in Hackensack, Alfred Sanzari Enterprises announced Monday.

My Imports USA acquires Proctor Gamble's TAG brand

Secaucus-based My Imports USA announced Tuesday it has acquired Proctor Gamble's TAG brand.

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Mango Capital sells 26 properties in Texas-based community

Far Hills-based Mango Capital Inc. announced Tuesday the sale of 26 properties in a community near Austin, Texas.

Which N.J. towns have the highest property taxes in relation to income?

It may seem as though one can't go to a dinner party in New Jersey without the conversation of property taxes arising. The Garden State has developed a reputation among its citizens for having an exceptionally high cost of living in regard to this particular tax.

Marcus Millichap announce sale of Morristown Medical Arts Center

Marcus Millichap announced Monday the sale of the Morristown Medical Arts Center, a Class B medical office building in Morristown.

HFF closes sale of Parsippany office building

HFF announced Monday that it has closed on the sale of a 100,000-square-foot office building in Parsippany.

From one company could come many more

It&#8217s the win-win scenario the state of New Jersey dreams about. With a ribbon-cutting ceremony atop the 33rd floor of 101 Hudson St. near Exchange Place last Wednesday night, World Business Lenders made its move from Manhattan to Jersey City official.

Planting a flag in a crowded market

Just about any successful real estate firm knows its reputation can make or break a deal. For Sitex Group, reputation is what helps it find the deal in the first place &#8212 and what has helped it create a niche in New Jersey's white hot industrial market.

Another big step For fast-growing iCIMS, move to Bell Works in Holmdel shows its commitment to making New Jersey a tech hub

Colin Day doesn't mince words when he describes iCIMS' recent relocation to Bell Works in Holmdel as a milestone for the software company.

Called on the carpet Grossman, spurred on by sexist comment, proves a point as The Carpet Girl

Dianne Grossman says she always knew she wanted to run her own business. She just didn't know a joking insult from her husband would provide the impetus to get started.

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Piano men Lindeblad Piano Restoration learned lesson in how to turn internet growth into profit

In many ways, you can call it an internet get-rich-quick scenario that any small business would love to have.

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Cleaning up Cohron is realizing big profits by changing how cleaning industry treats its clients and its employees

Ines Cohron already knew what success looked like. Her career had consisted of building a marketing and consulting practice in the financial services industry for clients such as Dun Bradstreet and Morgan Stanley, as well as serving as a director for American Express. But it wasn't quite what Cohron was looking for.

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Three Parsippany office buildings sell for 15M

A partnership of Bergman Real Estate Group and Time Equities Inc. has paid 15 million for three buildings in Mack-Cali Realty Corp. Parsippany office park, HFF announced Thursday.

FMP Haddon acquires Class A office building in Westmont

WCRE announced Thursday that it has represented FMP Haddon LLC in its acquisition of a Class A office building in Westmont.

Lending firm leaves Manhattan, cuts ribbon on new Jersey City headquarters

After securing the approval for a 10-year, 16. 8 million Grow New Jersey award from the Economic Development Authority in February, small business lending firm World Business Lenders has formally left Manhattan for New Jersey, cutting the ribbon Wednesday on its new corporate headquarters in Jersey City.

Amazon leases 619K sq.ft. Teterboro warehouse

A decades-old, nondescript warehouse in Teterboro is the latest industrial building to be gobbled up by Amazon. com as it continues to expand its footprint in northern New Jersey.

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Amazon leases 619K sq.ft. Teterboro warehouse

A decades-old, nondescript warehouse in Teterboro is the latest industrial building to be gobbled up by Amazon. com as it continues to expand its footprint in northern New Jersey.

iCIMS signs lease for new home at Bell Works

Bell Works hosted a public lease signing with its newest tenant, software solutions company iCIMS, on Wednesday.

Cushman Wakefield completes sale of warehouse property in West Deptford

Cushman Wakefield announced Wednesday that it has represented SK Realty Management in the sale a warehousedistribution property in West Deptford.

COFFEE TALK Gillman's latest venture, an upscale coffee bar, already is connecting with customer base

Scott Gillman, CEO of Mascott Corp. in Hillside, has operated more than 50 restaurants under a dozen different brands since 1989. Last year, he wanted to do something different.

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Bread winner Danko's Choc O Pain brings taste of Paris, and lots of baguettes, to Hoboken, Jersey City

Clemence Danko said she cannot go a single day without bread. But she won't eat just any carbs Bread must be healthy, it must be fresh and it must be French.

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Secret sauce For Hoboken Farms, success has come by building loyalty one customer and one sale at a time

Local business owner Brad Finkel is proud to say that his hard-earned success was never dependent on whether he wore a suit.

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Parking becoming key part of deals

When it came time to market 10 Sylvan Way to tenants last year, Normandy Real Estate Partners made sure to leave no stone unturned.

Asian supermarket opening 9th N.J. location

Well-known Asian supermarket H Mart is expanding into Paramus, making it the ninth New Jersey location.

Solar companies come to Middlesex County

Two solar industry companies have new homes in Middlesex County after a set of deals brokered by Colliers International, the real estate services firm announced.

Asking rents rising on Hudson Waterfront, NGKF says

A surging demand and a quickly dwindling supply has caused a notable bump in asking rents for office space along New Jersey's Hudson waterfront, according to Newmark Grubb Knight Frank.

Mobile delivery service leases 144K sq.ft. at Union distribution center

Boxed, a mobile delivery service for wholesale groceries and household goods, has leased 144,000 square feet at Bridge Development Partners' newly built distribution center in Union.

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Mobile delivery service leases 144K sq.ft. at Union distribution center

Boxed, a mobile delivery service for wholesale groceries and household goods, has leased 144,000 square feet at Bridge Development Partners' newly built distribution center in Union.

Hampshire sells two commercial buildings to Madison Realty

Morristown-based real estate firm The Hampshire Companies announced Friday it has sold two commercial buildings in Brooklyn to Madison Realty Capital.

ERA Real Estate promotes Yannaccone to CEO

ERA Real Estate announced Monday that it has promoted Susan Yannaccone to CEO and president of ERA Franchise Systems LLC, effective Sept. 1.

American Water Works moving HQ to Camden Waterfront, not Gateway District

Plans for American Water Works Co. Inc. 's new headquarters in Camden are shifting to the city's waterfront, where a developer has been planning a 1 billion mixed-use complex that would boast a roster of other major South Jersey companies.

QuickChek earns 'Chain of the Year' award from industry magazine

QuickChek, the Whitehouse Station-based fresh convenience market chain, was named the 2016 Convenience Store Chain of the Year by industry trade magazine Convenience Store Decisions on Wednesday.

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Seton Hall-Hackensack med school signs 25-year lease for former pharma campus

The new Seton Hall-Hackensack Meridian School of Medicine officially signed its 25-year lease Wednesday.

Realogy appoints SVP of operations

The Realogy Franchise Group announced Wednesday that it has appointed Carter Murdoch to senior vice president of operations.

Colliers facilitates 2.15M sale of Cinnaminson industrial building

Colliers International announced Wednesday that it has facilitated the 2. 15 million sale of an industrial building in Cinnaminson.

Office leasing is bouncing back in northern, central N.J., CW says

Office leasing has rebounded in northern and central New Jersey halfway through 2016, following a tepid first quarter that saw occupancy losses and an uptick in vacancy.

Prism Capital secures new tenant at office park in Bloomfield

Prism Capital Partners LLC announced Tuesday it has leased space to two new tenants at the BroadAcres Office Park in Bloomfield.