Metropark thriving as submarket

From his eighth-floor office in Edison, Michael DeMarco can simply look through his window to see buildings that house the likes of EisnerAmper, Prudential Financial, Microsoft and BASF Corp.

Metropark thriving as submarket

From his eighth-floor office in Edison, Michael DeMarco can simply look through his window to see buildings that house the likes of EisnerAmper, Prudential Financial, Microsoft and BASF Corp.

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New leadership, new menu, new success

Saladworks &#8212 the nation's largest fresh-to-order salad franchise &#8212 opened its first store in 1986 in Cherry Hill. Last February, the company filed for bankruptcy.

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Sitar Realty brokers numerous sales, leases

Iselin-based Sitar Realty Company announced a series of transactions it brokered recently.

Unichem Pharm completes lease at Sanzari-owned plaza

Unichem Pharmaceuticals USA Inc. has leased 5,200 square feet of new headquarters space at the Heights Plaza in Hasbrouck Heights.

NAI Hanson engineers lease deal to keep Weston Solutions in Edison

Commercial real estate firm NAI James E. Hanson engineered a lease agreement for environmental engineering firm, Weston Solutions Inc. , to stay at a Class A flex building in Edison.

Diabetes device company picks Parsippany building for new HQ

A new medical device company has chosen Parsippany for its headquarters.

Groundbreaking takes place for 79-story Jersey City tower

A developer has broken ground in Jersey City on what will be the state's tallest building &#8212 a 79-story residential tower that will be home to nearly 800 condominiums.

Borgata, Tropicana announce major Atlantic City renovation plans

The Borgata and Tropicana casinos have each announced plans to make major investments in the renovation of their Atlantic City properties.

European fashion retailer signs on for American Dream

European fashion retailer Primark will be opening a nearly 100,000-square-foot store at the American Dream shopping center in the Meadowlands, according to developer Triple Five Group of Companies.

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European fashion retailer signs on for American Dream

European fashion retailer Primark will be opening a nearly 100,000-square-foot store at the American Dream shopping center in the Meadowlands, according to developer Triple Five Group of Companies.

NAI Hanson leases industrial building to top rail-car supplier

Commercial real estate firm NAI James E. Hanson has brokered a long-term lease for an industrial building in Piscataway.

CBRE arranges sublease with storage company at Class A distribution center in Carteret

Commercial real estate firm CBRE Group Inc. announced Wednesday that it has arranged a sublease with Garden State Cold Storage at a Class A distribution center in Carteret.

Motorola leases space in Woodcliff Lake

Motorola Solutions Inc. has leased 7,684 square feet at 123 Tice Blvd. in Woodcliff Lake, according to real estate services firm Colliers International.

Philadelphia 76ers provide update on Camden training facility's progress

The Philadelphia 76ers released an update Tuesday on their future 125,000-square-foot training facility currently under construction in Camden.

Secaucus retail center fetches 11.5 million

A retail shopping center in Secaucus has been sold for 11. 5 million, according to commercial real estate firm Cushman Wakefield.

Secaucus retail center fetches 11.5 million

A retail shopping center in Secaucus has been sold for 11. 5 million, according to commercial real estate firm Cushman Wakefield.

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Fairview apartment building sold for 2.9M

An apartment property in Fairview has been sold for 2. 9 million, according to Redwood Realty Advisors.

Sherwin Williams signs lease in Gillette

Paint and coatings company Sherwin Williams has leased space at a Gillette shopping center, commercial real estate brokerage firm The Goldstein Group said Monday.

Sherwin Williams signs lease in Gillette

Paint and coatings company Sherwin Williams has leased space at a Gillette shopping center, commercial real estate brokerage firm The Goldstein Group said Monday.

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Hudson News buys building it had been leasing

Airport newsstand operator Hudson News Distributors, which was renting an industrial facility in Parsippany, has purchased the building, according to commercial real estate services firm Cushman Wakefield.

The future is here William Paterson unveils new facility, thanks to state's higher ed bond act

Classes are well underway at William Paterson University's new academic building, an 80,000-square-foot structure that's aptly named University Hall, with 16 general use classrooms that will serve at least 4,000 students every semester.

Joint venture sells upgraded Lawrenceville office park

Nearly three years after acquiring an eight-building office park in Lawrenceville and launching a series of major upgrades, a joint venture has sold the property.

Two leases fill office portion of Montclair's Valley Bloom

Two recent lease transactions have filled the office space at the Valley Bloom mixed-use property in Montclair, real estate services firm JLL said Friday.

Parking management company leases space in Collingswood

Parking management company Imperial Parking Corporation has leased an office suite in Collingswood, Wolf Commercial Real Estate announced Friday.

Dollar Tree coming to Maywood under lease deal

Dollar Tree has signed a long-term lease for a store in Maywood, according to retail real estate firm CBRE FAMECO.

Dollar Tree coming to Maywood under lease deal

Dollar Tree has signed a long-term lease for a store in Maywood, according to retail real estate firm CBRE FAMECO.

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Arizona Brewing Company receives 18.9M from state to grow Jersey presence

Continuing the state's growing investment in its food and beverage industries, Arizona Brewing Company received an 18. 9 million Grow NJ Award to construct a new 559,915-square-foot manufacturing facility adjacent to its current facility to support its expanding operations.

Cushman Wakefield names N.J. market leader

Cushman Wakefield has named Andrew Judd as its New Jersey market leader, the firm announced, putting him at the helm of its three New Jersey offices and spearheading their growth.

Gebroe-Hammer arranges 175M trade of Village Green in Morris County

Gebroe-Hammer Associates announced Wednesday that it has arranged the 175 million trade of Village Green, a 91,330-square-foot retail center and a 1,172-unit apartment complex located in Morris County.

Real estate investment trust buys Florham Park medical office building

Jones Lang LaSalle Income Property Trust Inc. has acquired a new medical office building in Florham Park, it announced Tuesday.

Crunch Fitness signs lease at Rutgers Plaza

Crunch Fitness, the national gym chain, has signed a lease for 23,000 square feet at a Franklin Township shopping plaza, according to Levin Management.

Student program helps NAIOP build a bridge to real estate industry's future

Joe Zagari wasn&#8217t necessarily looking to network, much less find an internship in commercial real estate.

Pinnacle Foods completes acquisition of Boulder Brands

Parsippany-based Pinnacle Foods Inc. announced Monday that it has completed its acquisition of Boulder Brands Inc. for approximately 975 million, or 11 per share.

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Ascena Retail Group names general counsel

Ascena Retail Group Inc. , parent of retail chains such as Ann Taylor, LOFT and Lane Bryant, announced Monday that it has named a new senior vice president and general counsel.

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All the talk Radio ads on WFAN, Stern help spur Boll Branch sales

Ecofriendly. Fair trade. Social consciousness. These aren&#8217t buzzwords you would expect to hear on WFAN, the No. 1 sports talk radio station in the area.

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Commercial Research Webinar on February 4th

Along with Deloitte Consulting and Situs RERC, NAR will soon release the Expectations & Market Realities in Real Estate 2016 report. Attend the webcast hosted by Deloitte on Feb. 4 at 2 p.m. ET for insights into macroeconomic conditions, capital markets trends, details on the main property types, and the outlook for 2016.

... Read More

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Congoleum site eyed for redevelopment after sale brokered by NAI Mertz

A developer has acquired the sprawling former Congoleum Corp. complex in Hamilton and is looking reinvent it as a mixed-use site, according to brokerage firm NAI Mertz.

Commercial Research Webinar on February 4th

Along with Deloitte Consulting and Situs RERC, NAR will soon release the Expectations & Market Realities in Real Estate 2016 report. Attend the webcast hosted by Deloitte on Feb. 4 at 2 p.m. ET for insights into macroeconomic conditions, capital markets trends, details on the main property types, and the outlook for 2016.

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Pinnacle Foods completes tender offer to acquire Boulder Brands for 975M

Parsippany-based Pinnacle Foods Inc. announced Friday that it has completed its tender offer to buy Boulder, Colorado-based Boulder Brands Inc. for 11 per share, or approximately 975 million.

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Jersey Mike's Subs opens new N.J. location

Jersey Mike&#8217s Subs, a fast-casual sub and sandwich franchise, announced Friday that it will open a new location in New Jersey on Jan. 20.

Jersey Mike's Subs opens new N.J. location

Jersey Mike&#8217s Subs, a fast-casual sub and sandwich franchise, announced Friday that it will open a new location in New Jersey on Jan. 20.

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Cushman Wakefield to sell office and industrial property in Clifton

Cushman Wakefield announced Thursday that it has been retained to exclusively sell an office and industrial property in Clifton. The company&#8217s asking price is 5. 2 million.

William Paterson opens new 30M building

William Paterson University celebrated the opening of its new building, University Hall, on Wednesday.

Preferred Freezer opens 190K sq. ft. distribution center in Woodbridge

Woodbridge is now home to Preferred Freezer's newest refrigerated storage and distribution center, following completion of the building by Advance Realty and F. Greek Development.

350K sq. ft. North Bergen retail and warehouse center is sold

A 350,000-square-foot retail center and warehouse in North Bergen has been sold, real estate services firm Holliday Fenoglio Fowler L. P. said Wednesday.

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350K sq. ft. North Bergen retail and warehouse center is sold

A 350,000-square-foot retail center and warehouse in North Bergen has been sold, real estate services firm Holliday Fenoglio Fowler L. P. said Wednesday.

Women's retailer Joyce Leslie files for bankruptcy protection

Joyce Leslie, the Moonachie-based women's retailer, filed for Chapter 11 bankruptcy court protection Saturday in White Plains, New York.

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Hudson News purchases industrial building in Parsippany

Hudson News, an operator of airport newsstands, recently purchased a 134,790-square-foot industrial building in Parsippany, according to commercial real estate firm NAI James E. Hanson.

Newark hopes property tax changes prompt construction, improvements

Newark city officials have adopted changes to their property tax system aimed at spurring new construction outside the downtown and port districts, while encouraging existing landlords to make improvements to their properties.

Hollister opens Trenton office to support business growth

Hollister Construction Services announced Monday that it has opened a new office in Trenton to support the company&#8217s growth.

The Goldstein Group brokers multiple T-Mobile deals in N.J.

The Goldstein Group has negotiated leases for three new T-Mobile throughout New Jersey, according to Chuck Lanyard, president of the firm.

The Goldstein Group brokers multiple T-Mobile deals in N.J.

The Goldstein Group has negotiated leases for three new T-Mobile throughout New Jersey, according to Chuck Lanyard, president of the firm.

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Rescue effort A look at how Colliers scrambled to relocate Achim Importing Co. Inc. after a devasting fire in North Brunswick

The value of a relationship is no secret for a commercial real estate broker. As it turns out, that even includes a relationship with an insurance adjuster.

Becoming a major power in the charging industry

When Starbucks introduced wireless charging last year at its stores, vendors in the charging solutions industry were worried that the coffee chain might soon use that technology at its own events. Jessica Gonzalez didn&#8217t bat an eye, knowing firsthand that wouldn&#8217t be the case.

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Commercial Innovation Grants

The Commercial Innovation Grant Program assists REALTOR® associations by making funding available to help launch new commercial projects and services, or innovative enhancements to existing programs locally.

2016 Application

Apply using the 2016 Commercial Innovation Grant Application (DOC: 32KB). The application process opens January 11, 2016 and closes February 29, 2016.

Important Notes

... Read More

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Toys R Us sees gains in crucial sales measure during holiday season

The holiday season was pretty kind to Toys R Us, which reported Friday that same-store sales for the five- and nine-week periods ended Jan. 2 rose 3. 7 percent and 2 percent, respectively.

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Sky Zone Trampoline Park opening in South Plainfield

Sky Zone Trampoline Park is holding its grand opening in South Plainfield on Saturday after leasing 40,000 square feet of space in the borough, it said recently.

Applegate Farms changes up leadership

Applegate, a Bridgewater-based natural and organic meat brand, announced Thursday that CEO Kerry Collins will move into the role of CEO emeritus, and Steven J. Lykken, chief operating officer, will become president.

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Tips for MIPIM Attendees

Attending MIPIM?  It will be helpful to get a lay of the land before you go. Following are business strategy tips along with some practical information to make the most of your time in Cannes. Enjoy!

Business Strategy

1. Go online. Soon after completing your registration with the organizing group, you will receive an email with login details (or information on how to change your login). Your email is your user name. Login to the online MIPIM site (http://www.mipim.com/) to complete your profile and... Read More
   
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Industrial vacancies at a 12-year low in northern, central N.J.

The news for industrial landlords in New Jersey only got better as 2015 came to a close.

Honest-1 Auto Care, Dollar Tree lease space at Milltown retail complex

CBRE FAMECO, the retail division of CBRE Group Inc. announced Wednesday that it has secured leases with Honest-1 Auto Care and Dollar Tree at a retail complex in Milltown.

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Honest-1 Auto Care, Dollar Tree lease space at Milltown retail complex

CBRE FAMECO, the retail division of CBRE Group Inc. announced Wednesday that it has secured leases with Honest-1 Auto Care and Dollar Tree at a retail complex in Milltown.

All Season Sports leases industrial space in South Plainfield

Industrial real estate firm Bussel Realty Corp. announced Wednesday that All Season Sports LLC has leased a 36,000-square-foot industrial property in South Plainfield.

Desire for Class A space offset by rise in Class B vacancy, JLL finds

The flight to high-end space dominated leasing activity in New Jersey's office market in 2015, according to new research from the commercial real estate services firm JLL.

Atlantic Club back on the market

Less than two years after it was purchased by Florida-based development group TJM Properties, the shuttered Atlantic Club casino in Atlantic City is now back on the market.

R.J. Brunelli brokers a number of leases

R. J. Brunelli Co. LLC on Tuesday announced a series of lease completions throughout the state.

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R.J. Brunelli brokers a number of leases

R. J. Brunelli Co. LLC on Tuesday announced a series of lease completions throughout the state.

Technology Ease Meets Commercial Real Estate

How one brokerage is using technology to simplify the search for commercial properties.

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First Journal Squared tower should be finished by end of 2016

The first of three residential towers that will rise above Jersey City's historic Journal Square neighborhood is on track to be complete by the end of this year, its developers said.

Real Estate Predictions 2016 Buy, sell, hold

We know that playing in the commercial real estate market isn't for the faint of heart &#8212 especially in New Jersey.

Joint venture to build apartments, condos near Madison train station

A pair of real estate firms have acquired a five-acre property in Madison, intended to build 135 residences two blocks from the borough train station.

Logistics business moving into Heller distribution center in South Brunswick

A logistics firm will occupy a soon-to-completed, 285,000-square-foot distribution center being built in South Brunswick by Heller Industrial Parks, the Edison-based developer announced.

Mack-Cali adds building to its Parsippany business campus

Mack-Cali Realty Corp. is making good on its plans to double down in Parsippany, acquiring a nearly 150,000-square-foot office building that will become part of its sprawling business park there.

Office leasing has strong year in 2015, CW research finds

New Jersey's office market in 2015 notched its highest annual leasing total in a decade, pushing vacancy down to its lowest point since 2011.

Law firm Connell Foley elects new managing partner

Connell Foley announced longtime real estate and commercial transactions partner Philip McGovern has been elected the law firm's managing partner.

Tryko acquires Neptune City-based medical center

Tryko Partners LLC announced Monday it has acquired Neptune City-based Medicenter Rehabilitation Nursing.

Hackensack construction consulting company is acquired

A Long Island construction consulting firm has acquired a Hackensack-based construction and mitigation consulting company, the two announced Monday.