KABR, Kushner acquiring 100K sq.ft. Jersey City property

The KABR Group and Kushner Cos. are teaming together once again in Jersey City, this time acquiring a 100,000-square-foot commercial complex in the city's Powerhouse Arts District.

Counseling services provider relocates HQ to Marlton

WCRE announced Friday that it has exclusively represented Family Psychological Services Inc. in relocating its headquarters to a new South Jersey location.

What are N.J.'s biggest spec real estate projects?

A white hot leasing market has reignited speculative construction among New Jersey's industrial developers. Here are the state's biggest spec projects, according to research provided by the real estate services firm JLL.

Jet.com acquiring Nebraska-based online marketplace

Jet. com, a Hoboken-based online retailer, has seen rapid growth since it officially launched in July 2015.

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Treetop Development doubles HQ lease at Sanzari-owned complex in Teaneck

Treetop Development LLC announced it has lease an additional 4,300 square feet at the Glenpoint Centre West in Teaneck.

Affordable housing Baby steps toward a fix

It was only two weeks ago when stakeholders touted a breakthrough in the state&#8217s long, tortured battle over affordable housing Advocates and local officials in Piscataway had struck a deal for how many low- and moderate-income units the town must accommodate in the years to come.

Montclair State Sony gear will give facility an edge

When Montclair State University unveils its new building for its School of Communication and Media, it will include four major studios, a nearly 200-seat theater, a newsroom and a talk show set.

The state's Top Five theaters at a glance

Founded 1997

Prologis purchases 5.4 million-square-foot portfolio

CBRE Group Inc. announced Monday that it has represented Prologis in the purchase of a 5. 4 million-square-foot portfolio &#8212 3. 2 million square feet of industrial properties and 2. 2 million square feet of retail properties &#8212 in multiple states.

Denholtz Associates purchases office building in Franklin

Denholtz Associates, a real estate management company, announced Thursday the purchase of a multitenant office building in Franklin Township.

Vonage renews lease in Holmdel through 2023

Cloud communications company Vonage has renewed its lease in Holmdel through 2023, according to building owner Mack-Cali Realty Corporation.

Plumbing supply company pays 7.7M for S. Brunswick building

Plumbing supply company Bruce Supply Corp. has purchased a South Brunswick industrial facility, Bussel Realty Corp. announced Tuesday.

Why invest in real estate as an alternative to stocks? Circle Squared's Sica has an answer

When it comes to making the case for alternative forms of investing, Jeff Sica has his own version of an elevator pitch.

Ophthalmology practice leases two locations

A private specialty ophthalmology practice has leased a new headquarters and a new expansion location, with an assist from real estate advisory firm Cresa's medical practice group.

Company shifts focus to real estate, HQ to New Jersey

A New York-based company is transferring its headquarters to New Jersey, with the leader of another Garden State company taking the helm as it shifts focus to real estate holdings.

Goldstein Group brokers series of medical leases

Commercial real estate firm The Goldstein Group announced Monday that it has brokered a series of leases for medical tenants around the state.

Chia becoming the straw that stirs the healthy drink

Sara Erb's first business involved midnight runs in her father's truck that was loaded up with organic produce. It was 1987 and the supply chain for her new health food store simply wasn't there.

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Judge rules against Ocean County towns in closely watched affordable housing case

A judge in Ocean County has ruled against a group of municipalities seeking to scale down their affordable housing obligations, as other towns and cities across the state work to get a handle on their own requirements under pressure from the state judiciary.

Apartment association names first female president

Property management executive Lynne Aber has been installed as the new president of the New Jersey Apartment Association, making her the first woman to hold the position.

Hampshire sells energy efficient industrial building in Perth Amboy

The Hampshire Companies, a Morristown-based real estate investment firm, announced Wednesday the sale of a 255,000-square-foot energy efficient industrial building in Perth Amboy to a private buyer.

Murray Hill garden apartments sold for 47M

A Murray Hill apartment complex has been sold for 47 million in a transaction between two private investors, according to real estate brokerage Gebroe-Hammer Associates.

Senior-living provider agrees to buy Denville community

Springpoint Senior Living, a not-for-profit provider of senior living communities, has agreed to acquire a continuing care retirement community in Denville, it said Wednesday.

Sitex continues to add to its North Jersey portfolio

Sitex Group has continued its acquisition spree in northern New Jersey, acquiring two small industrial properties from longtime owners in Bergen County.

Cushman Wakefield completes new office lease in Princeton market

Cushman Wakefield announced Wednesday that it has completed a new long-term lease on behalf of American Real Estate Partners in the Princeton market.

Catapult Learning is growing in Camden

An educational services company announced Tuesday that it is expanding its Camden waterfront headquarters.

Distribution company moving from Keasbey to East Brunswick

A warehousing and distribution company has signed a lease to move and expand its headquarters from Keasbey to East Brunswick, according to real estate services firm Bussel Realty Corp.

E-transaction company moving from Linden to Rahway

IMM, which provides e-transaction automation services, is moving its headquarters from Linden to downtown Rahway, it announced Tuesday.

285K sq.ft. deal capped off Heller's 'most active year' in 2015

Heller Industrial Parks announced last week that completed 5. 8 million square feet worth of transaction in 2015, maintaining full occupancy in its 15. 3 million-square-foot portfolio.

Smith Design Something old brings something new

After 37 years of business, it&#8217s hard to imagine getting a fresh start. Especially when you move into a 19th-century building.

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Global impact Jalima Associates provides financial services to small businesses around the world

Marcela Zuchovicki speaks five different languages English, Spanish, French, Portuguese and German. She has lived and worked in five countries and in four different states within the U. S.

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Building better Despite surging demand for industrial space, new development coming at a measured pace

Even for a market that has been burned by overbuilding in the past, it was only a matter of time before New Jersey's industrial developers refocused and returned to what they do best building.

Bridge Development making its mark in N.J. with infill projects

When it comes to the former Tuscan Dairy site in Union &#8212 a well-known complex at the nexus of the Garden State Parkway and Interstate 78 &#8212 Jeff Milanaik is like countless other people.

In a market starving for shovel-ready industrial sites, Viridian finds a niche

For Viridian Partners, a firm that specializes in acquiring, remediating and repositioning contaminated land into new development sites, New Jersey has always checked all of the boxes.

Broadening their horizons Developers find success by stretching the boundaries of traditional submarkets

It was nearly a decade ago when The Hampshire Cos. looked at western Carteret and saw what many other developers had not yet seen the potential to capture a larger share of New Jersey&#8217s busy warehousing and distribution market.

Smith Design Something old brings something new

After 37 years of business, it&#8217s hard to imagine getting a fresh start. Especially when you move into a 19th-century building.

2015 Q4 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 rental transactions, along with information on current economic challenges and future expectations.

2015.Q4 Survey Highlights

• Sixty-six percent of commercial REALTORS® closed a sale.
• Sales volume rose 7.4 percent from a year... Read More
  
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Toys R Us names EVP

Toys R Us announced Thursday it has appointed Joe Venezia its new executive vice president, global store operations, effective Feb. 22.

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Kushner Cos. takes steps to finance two Jersey City projects

Kushner Cos. has moved one step closer on each of two projects planned for Jersey City.

Vision Properties closes 100M renaissance park acquisition

Vision Properties has acquired a 573,053-square-foot five-building, Class A office complex near the Tampa International Airport.

WCRE represents midrise office building lease in Haddon Heights

WCRE announced Thursday that it has represented 515 Grove Street Associates LLC in the exclusive leasing and marketing of an office suite in a Haddon Heights-based midrise office building to Youth Advocate Programs Inc.

Have you got the coolest office in New Jersey? NJBIZ wants to know

NJBIZ is looking for the coolest, edgiest, fanciest places to work in the Garden State. Does your office fit the bill? No cubicle farms allowed! Email Josh Burd and give us the scoop on what makes it great!

Toys R Us promotes store operations executive to global leadership team

Toys R Us has promoted one of its executives to executive vice president, global store operations, it announced Thursday.

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Monmouth Mall to get 500M transformation

Kushner Cos. has unveiled a 500 million redevelopment plan for Monmouth Mall, aiming to transform the Eatontown property into high-end destination with hotel and residential components.

Monmouth Mall to get 500M transformation

Kushner Cos. has unveiled a 500 million redevelopment plan for Monmouth Mall, aiming to transform the Eatontown property into high-end destination with hotel and residential components.

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Top 3 towns in each N.J. county with the highest average tax bill

Ah, property taxes. A sensitive subject for many New Jersey residents grappling with high quarterly bills.

Boston firm spending 40.2M to buy, renovate Jersey City affordable housing community

WinnDevelopment will pay 40. 2 million to acquire and renovate 131 units of affordable housing in Jersey City, the Boston-based firm announced.

Woodmont Properties plans 10M renovation of West Windsor building

With an eye toward creating a sustainable office setting, Woodmont Properties says it will embark on 10 million in renovations for a 71,000-square-foot building in West Windsor.

Serendipity Labs coworking space coming to Ridgewood, Pinnacle Cos. says

New Jersey is getting its first Serendipity Labs coworking space, in Ridgewood, according to real estate developer The Pinnacle Companies.

New leases mark progress at Englewood redevelopment project

As Nat Sherman neared the end of its lease at its Fort Lee headquarters building, the cigar maker opted to take a look around the market last year.

Wyndham Worldwide reports higher earnings, revenue

Hospitality company Wyndham Worldwide said diluted earnings per share rose in the fourth quarter, but the results came up short of analyst expectations.

Travel company moving its HQ from Ramsey to Montvale

The U. S. unit of an Australian travel company has decided to relocate its headquarters from Ramsey to Montvale, according to real estate services firm JLL, which arranged the lease.

HouseMaster announces new N.J. corporate HQ

HouseMaster, a home inspection franchise company, announced it has opened its new corporate headquarters in Somerville.

The money municipalities don't know they have coming How Airbnb could impact the New Jersey economy

Suzanne and Jeffrey Cameron bought their three-story townhouse with a garden apartment in Jersey City back in 1998, when they were looking for a place for them and their two young boys that was near New York City.

Goldstein Group places Kiddie Academy in Hamilton, Northvale

Retail real estate services firm The Goldstein Group announced it has placed Kiddie Academy in Hamilton and Northvale.

New Ad Campaign Urges Consumers to “Get Realtor®”

WASHINGTON (February 8, 2016) — Buying a home isn’t as easy as clicking a few buttons and magically getting the home of your dreams, as the current real estate advertising landscape leads many to believe. The reality is that real estate transactions can be stressful and there are often challenges and obstacles along the way.

To communicate Realtor® value in helping consumers succeed in all things real estate, the National Association of Realtors® has launched a new advertising campaign, “Get Realtor®.” The campaign targets hyper-connected and... Read More

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Jersey state of mind The S3 Agency brings a big-city focus to suburbs

It isn't every company that encourages its employees to ride motorcycles while on the clock. Especially if they've never ridden one before.

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College student cashing in on Asian beauty craze

While most college freshmen are working for the weekend, Elina Hsueh is working on the weekend. Every two weeks, the 18-year-old Babson College student travels from Boston to her hometown of Holmdel to work on her growing e-commerce business, Beauteque.

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Journal Square lot sold, with plans for 12-story residential, retail development

CBRE Group Inc. has brokered the sale of a 12,145-square-foot vacant lot in the Journal Square section of Jersey City, where a developer plans to build a 12-story, mixed-use multifamily and retail complex.

Morris County apartment complex sells for 180M

AIG Global Real Estate Investment Corp. has sold a Morris County apartment complex for more than 180 million, its broker announced, in the company's second nine-figure deal in just over a month.

DFW Capital Partners renews lease at Sanzari-owned mixed-use complex in Teaneck

DFW Capital Partners, a private equity investment firm, announced Thursday it has rewnewed its headquarter lease at the Glenpointe Centre East in Teaneck.

Avison Young wraps up work on Langan Engineering HQ

Avison Young has completed the buildout for Langan Engineering Environmental Services' new corporate headquarters in Parsippany, the commercial real estate services firm announced.

Commercial Real Estate Experts: Moderate Expansion, Easing Prices Expected in 2016

WASHINGTON (February 4, 2016) — Despite various global and domestic hurdles hindering economic growth, steady job gains and stable leasing demand should help keep commercial real estate activity expanding in 2016, according to the authors of an annual report published jointly by Situs Real Estate Research Corporation (RERC), Deloitte and the National Association of Realtors®.

According to the report, Expectations & Market Realities in Real... Read More

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N.Y. firm acquires Parsippany title insurance company

A Parsippany-based title insurance provider has been acquired by a national agency with headquarters in New York.

High-end apartment building opens in Hoboken

Developers have opened the doors to Hoboken's newest high-end apartment building, a 135-unit property sitting at Monroe and 9th streets.

Federally qualified health center opens in Newark

A new federally qualified health center opened in Newark in place of a medical center which was shut down in 2008.

High-end hotel coming to Rockefeller site in Florham Park

The Rockefeller Group has unveiled plans for a new upscale hotel at The Green at Florham Park, the firm&#8217s 268-acre master-planned redevelopment site in the Morris County borough.

Piedmont Office Realty Trust sells two office buildings for 100M-plus

Piedmont Office Realty Trust has sold two Class A North Jersey office buildings for more than 100 million, according to brokerage firm Zimmel Associates.

AvalonBay buys Hoboken apartment complex from investment firm for 130M

Two years after acquiring a 217-unit apartment complex in Hoboken, a private investment firm has sold the property for nearly 130 million.

DMR Architects CEO sees opportunity to grow his firm in China

In mid-November, Lloyd Rosenberg was a long way from his home state of New Jersey.

Food importer buys E. Rutherford industrial building

A food products company known for its tomatoes has purchased an industrial building in East Rutherford in order to bolster its import business, according to commercial real estate firm NAI James E. Hanson.

Specialty drugmaker to become newest tenant at repositioned campus in Bridgewater

A biopharmaceutical firm is the latest addition to a former corporate campus in Bridgewater that is now being redeveloped by Advance Realty and CrossHarbor Capital Partners, the property owners said.

HelloFresh leases 352K distribution center in Newark

Meal kit delivery service HelloFresh will operate from a 352,000-square-foot distribution center in Newark after signing a lease with Prologis Inc. , the global industrial landlord announced Monday.

N.J.-based tissue supplier relocates to Burlington

WCRE announced that it has exclusively represented Trebor Inc. in relocating its 16,000-square-foot southern New Jersey-based manufacturingwarehouse facility to The Haines Center in Burlington.

NAI Mertz completes medical office lease in Mullica Hill

Commercial real estate firm NAI Mertz announced it has recently completed a lease for Pediatric Dentistry of Mullica Hill at the Tomlin Station Commerce Center in Mullica Hill.