Live Webinar: Changes to the Foreign Investment in Real Property Tax Act (FIRPTA)

Register to learn about the changes to the Foreign Investment in Real Property Tax Act (FIRPTA), the tax implications for residential and commercial buyers and sellers, and how to comply.

from RSS feed for Items tagged 'Commercial' http://ift.tt/1VWjseH
via IFTTT

Slow start to 2016 for office real estate market, Cushman Wakefield finds

After a year of robust leasing activity, New Jersey's office market experienced a lull at the start of 2016 as demand for new space slowed in many of the state's top submarkets.

Movado Group's chief operating officer is retiring

Paramus-based watch company Movado Group Inc. is eliminating its chief operating officer role upon the retirement of the current COO this summer, it announced Thursday.

from NJBIZ - Retail http://ift.tt/1MDR3Id
via IFTTT

CBRE arranges 16.7M sale of 8-building portfolio in Newark

CBRE's Investment Properties team announced Wednesday the 16. 7 million sale of a multifamily and retail portfolio in Newark.

Benjamin Ross Group closes sale of Executive Suite Catering Service

Benjamin Ross Group, a mergers and acquisitions brokerage firm with offices in Princeton, announce the acquisition of Executive Suite Catering Service in Essex County to a private investor.

Chatham apartment building fetches 7.2M

A Chatham apartment building sold for 7. 2 million, Redwood Realty Advisors said Wednesday.

Marcus Millichap complete sale of retail center for 1.13M

Marcus Millichap announced the sale of Grove Street Strip Center, a retail property in Bloomfield, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

Christie, UPS celebrate groundbreaking for Parsippany facility

Some 900 developers, designers and other technology professionals from UPS will occupy the company's new 200,000-square-foot complex in Parsippany, where executives and public officials gathered Tuesday to mark the start of construction.

Marcus Millichap complete sale of retail center for 1.13M

Marcus Millichap announced the sale of Grove Street Strip Center, a retail property in Bloomfield, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

from NJBIZ - Retail http://ift.tt/1RO5dsh
via IFTTT

Warren Corporate Center sold to joint venture for 136M

A joint venture of Vision Real Estate Partners and Rubenstein Partners has purchased the Warren Corporate Center office complex for 136 million, according to real estate services firm CBRE Group Inc.

Destination Maternity's CFO leaving for another company

Moorestown-based maternity fashion retailer Destination Maternity Corporation is searching for a new chief financial officer, it announced Tuesday.

from NJBIZ - Retail http://ift.tt/1StNdQT
via IFTTT

Terreno acquires property near Newark airport for 9.3M

Terreno Realty Corporation, which owns and operates industrial properties, has acquired a land parcel in Elizabeth for about 9. 3 million, it said Monday.

Tim Hortons opens in Hazlet and Howell

The Goldstein Group, a retail real estate services provider, has placed a Tim Hortons restaurant in Hazlet and Howell, according to Chuck Lanyard, president of The Goldstein Group.

Tim Hortons opens in Hazlet and Howell

The Goldstein Group, a retail real estate services provider, has placed a Tim Hortons restaurant in Hazlet and Howell, according to Chuck Lanyard, president of The Goldstein Group.

from NJBIZ - Retail http://ift.tt/1Tei5qQ
via IFTTT

Prestige vehicle dealership pays 16M for Ramsey building

Prestige Management Services Inc. , a tri-state region vehicle dealer network, has purchased a 175,438-square-foot industrial building in Ramsey for approximately 16 million, according to commercial real estate services firm Savills Studley.

CVS Pharmacy in Vernon sells for 9.75M

Marcus Millichap announced the sale of a CVS Pharmacy in Vernon for 9. 75 million, according to Brian C. Hosey, regional manager of the firm's New Jersey office.

Coca-Cola Refreshments involved in series of leases, sales in New Jersey

Commercial real estate services firm Savills Studley has worked with Coca-Cola Refreshments on a series of leases and sales, it announced Thursday.

Colliers to market 35K sq.ft. office in Paramus

Colliers International is now the exclusive marketing agent for a 35,000-square-foot office space in Paramus, the firm announced Wednesday.

Zeikos Electronics leases industrial property in Edison

Bussel Realty Corp. , a corporate and industrial real estate services firm, announced Wednesday that Zeikos Electronics Corp. has leased an industrial property in Edison.

Castle Lanterra Properties completes 56M Central Jersey acquisition

Castle Lanterra Properties announced Wednesday that it has acquired River Park, a 224-unit apartment community in Raritan, for 56 million.

Polimeni International sells retail center in Cape May Court House for 32.1M

Polimeni International LLC announced Wednesday the 32. 1 million sale of The Plaza at Cape May Court House, a retail center in Cape May Court House.

Cushman Wakefield hires Scherzer as associate

Mark Scherzer has joined commercial real estate services firm Cushman Wakefield as an associate, the company announced recently.

Vision Properties bolsters acquisitions and asset management team

Ian Schneiderman has joined Vision Properties' acquisitions and asset management team, the Mountain Lakes-based real estate firm announced.

Two named to architects group's College of Fellows

The New Jersey chapter of the American Institute of Architects announced that Michael R. Schnoering and Dean Marchetto have been elevated to the American Institute of Architects' prestigious College of Fellows.

Avison Young to serve as leasing agent for Bedminster office complex

The owner of two Bedminster office buildings has called on Avison Young to serve as exclusive leasing agent for the complex, the real estate services firm announced.

Spectra Labs' Bergen County home has a new owner

The office and life sciences building that houses Spectra Laboratories in Bergen County has new ownership, following a sale of the property brokered by CBRE Group Inc.

Jersey City residential tower experiencing a leasing rush

In a market that has become flush with high-end luxury apartments, a new residential tower in Jersey City is raising the bar for leasing velocity on the Gold Coast.

Logistics facilities firm buys Newark maintenance and repair property

An owner and manager of transportation logistics facilities has acquired a Class A maintenance and repair facility in Newark, according to real estate firm JLL.

Stro Companies buys Fairfield building for 3M

The Stro Companies, a real estate firm based in Ridgewood, has acquired a Fairfield industrial building for 3 million, it announced Tuesday.

KRE Group, Oxford Realty and Verde Capital acquire rental property in Plainsboro

Bridgewater-based real estate investment firm The KRE Group and Highland Park-based Oxford Realty Group, a real estate management company, announced that they have jointly acquired Deer Creek, a 288-unit rental community in Plainsboro, in partnership with Verde Capital.

Cresa assists Sall Myers Medical Associates with recent growth opportunities

Real estate advisory firm Cresa announced recently that its medical practice group has represented Sall Myers Medical Associates in three transactions.

South Shore Properties leases, markets retail space in East Greenwich

WCRE announced Friday that it has represented South Shore Properties LLC in exclusively leasing and marketing a retail space in East Greenwich.

from NJBIZ - Retail http://ift.tt/1XHwBXn
via IFTTT

South Shore Properties leases, markets retail space in East Greenwich

WCRE announced Friday that it has represented South Shore Properties LLC in exclusively leasing and marketing a retail space in East Greenwich.

Matchmaker found her calling ... after getting dumped

Michele Litzky remembers the time she realized she loved doing public relations.

from NJBIZ - Retail http://ift.tt/1Vt835O
via IFTTT

Christie calls for 2-year freeze on hospital property taxes, committee to study issue

Gov. Chris Christie held a news conference at Trinitas Regional Medical Center in Elizabeth on Friday to announce his support for a two-year moratorium on property taxes for previously exempt nonprofit hospitals while an appointed commission studies the issue further.

Starbucks, Zinburger coming to Edison shopping center

The Edison Towne Square retail and dining complex is getting two new tenants, according to developer Hartz Mountain Industries.

Health care tech firm moves HQ, staying in Moorestown

A Moorestown-based health care technology firm has relocated within the township, according to Keystone Property Group, owner of its new location.

West New York property fetches 2.15M

A mixed-use development site in West New York featuring a two-story building and parking area was sold recently for 2. 15 million, according to Cushman Wakefield.

Bridge Development project in South Brunswick slated for Q3 completion

Bridge Development Partners LLC has unveiled details of one of its newest industrial projects in New Jersey, a nearly 500,000-square-foot distribution facility in South Brunswick.

Jet.com doubling footprint at Hoboken office tower

E-commerce startup Jet. com will double its headquarters space inside Waterfront Corporate Center III, SJP Properties' recently completed office building in downtown Hoboken.

Rockefeller, Korman detail plans for new corporate housing community in Florham Park

Construction is underway on a new flexible-stay community that will be among the latest additions to The Green at Florham Park, the Rockefeller Group's sprawling master-planned development site in Morris County.

Affordable housing Baby steps toward a fix, but many questions remain for towns and developers

It was only weeks ago when stakeholders touted a breakthrough in the state's 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.

Cushman Wakefield to handle leasing for Rutherford office complex

American Landmark Properties has named Cushman Wakefield as exclusive leasing agent for Meadows Office Complex in Rutherford, the commercial real estate services firm announced.

Multifamily sales agent Gambuzza and his team of brokers joins CBRE Group Inc.

CBRE Group Inc. announced that multifamily sales agent Nat Gambuzza and his team of brokers have joined its Investment Properties group in New Jersey.

Rutgers real estate center hosting career seminar with industry veterans

Rutgers Business School students who are weighing an MBA in real estate will have a chance to hear directly from industry leaders next week, as the Rutgers Center for Real Estate hosts its first-ever career seminar since the program was launched roughly two years ago.

Liberty Science Center to convert IMAX theater into nation's largest planetarium

The Liberty Science Center received a 5 million donation &#8212 it&#8217s largest from a single donor &#8212 to convert its IMAX theater into the largest planetarium in the western hemisphere.

Developer unveils new senior housing community in Bloomfield

Community Investment Strategies Inc. has opened the doors to its newest affordable housing project &#8212 an 82-unit age-restricted community in Bloomfield.

Mack-Cali to sell 365.5M in property dispositions during Q1

Edison-based Mack-Cali Realty Corp. announced Tuesday that it has reached agreements to sell assets in Manhattan in Washington, D. C. , for approximately 365. 5 million in the first quarter.

Levin expands real estate portfolio in Essex County

Retail real estate services firm Levin Management announced Monday it has been named the property management firm for a shopping center in West Orange.

Levin expands real estate portfolio in Essex County

Retail real estate services firm Levin Management announced Monday it has been named the property management firm for a shopping center in West Orange.

from NJBIZ - Retail http://ift.tt/1TLck51
via IFTTT

Letter from the editor A different take

We know our cover story will catch your eye, and we don't blame you.

Moving into modern Rockefeller Group's new location in Morristown is built for the future

As one of the state's top developers &#8212 and one of the few that has continued to build new Class A office space in recent years &#8212 the Rockefeller Group is now practicing what it preaches.

No heading

No heading

No heading

The workplace strategist

In January, employees at the East Brunswick location of CBRE, a global real estate services company, moved into a new office that was radically different from its former, more conventional workspace.

Triangle Park gives Newark a path to future

Newark Mayor Ras Baraka says it was roughly a year ago when he and his aides, at the invitation of Jerry Gottesman, ventured to Manhattan's West Side to see the 1. 45-mile-long, elevated public park known as the High Line.

COOLEST OFFICES Kaufman Zita Group

The Kaufman Zita Group is one of the top government lobbying firms in the state.

COOLEST OFFICES Grey Sky Films

Grey Sky Films works with businesses, individuals and brands to create video content for Web, broadcast, corporate, sales, training and more.

COOLEST OFFICES Coyne PR

Coyne PR, founded in 1991 by Tom Coyne, is full-service, integrated communications agency.

COOLEST OFFICES Sionas Architecture

Sionas Architecture designs for residential and commercial properties and has extensive experience working on adaptive reuse and green and environmentally conscious real estate projects.

COOLEST OFFICES Jet.com

Jet. com is an online retailer that charges bulk-size prices for individual-size purchases by allowing customers to group related items. Instead of buying five pounds of peanut butter, shoppers can buy a 16-ounce jar of peanut butter, then receive reduced prices on a 16-ounce jar of jelly. When someone buys sponges, it lowers the price of dish. . .

A fresh look Value Cos. maintains solid spot in multifamily sector by updating its older properties with modern amenities

For decades, the Value Cos. has been taking what's old and making it new again.

Monmouth REIT pays 20M for Pittsburgh-area building

Freehold-based Monmouth Real Estate Investment Corporation has acquired a suburban Pittsburgh industrial building for just over 20 million, it announced this week.

Hackensack apartment building sold for 9.35M

A midrise luxury apartment building in Hackensack has been sold off-market for 9. 35 million, according to real estate brokerage The Kislak Company Inc.

Colliers to serve as leasing agent for Fairfield office property

Colliers International Group has been hired as the exclusive leasing agent for a Class A office property in Fairfield, it announced.

Unity Bancorp takes ownership of its HQ building for 4.12M

Unity Bancorp has purchased the building that serves as its Clinton headquarters for 4. 12 million, it announced Friday.

Construction starts on Jersey City apartment project that includes affordable units

Vertical construction is underway for a 35-story tower that will be downtown Jersey City's first residential building in more than three decades to have a so-called 8020 mix of market-rate and affordable units, city officials announced.

Cushman Wakefield to handle leasing at Class A property in Ridgefield Park

Cushman Wakefield has been named the leasing agent for a Ridgefield Park office building, the real estate services firm announced Wednesday.

Fairfield office building sells for 3.3M

A Class B office building in Fairfield has been sold for nearly 3. 3 million, according to brokerage Lee Associates N. J.

Health agency moves to new Hackensack location

A behavioral health and housing agency for special needs children and families has signed a lease for a larger space in Hackensack, according to real estate firm NAI James E. Hanson.

OSHA cites pair of contractors fines could total nearly 250K

The U. S. Department of Labor's Occupational Safety and Health Administration has cited a pair of contractors for allegedly exposing workers to safety hazards, threatening the companies with nearly 250,000 in combined fines.

Freshpet announces CEO succession plan

Freshpet Inc. announced Thursday that Richard Thompson will retire as CEO and director, effective July 1.

from NJBIZ - Retail http://ift.tt/222JeCO
via IFTTT

Toys R Us says earnings grew in Q4, full-year 2015

Toys R Us' earnings rose in its fiscal fourth quarter of 2015, despite some mixed sales results, the Wayne-based toy retailer said Wednesday.

from NJBIZ - Retail http://ift.tt/1QGEo5D
via IFTTT

Vision Properties restacks, extends leases at Metropolitan Center in East Rutherford

Vision Properties announced Wednesday that it has restacked and extended several leases at the Metropolitan Center in East Rutherford.

Newark, property owners reach agreement on Triangle Park redevelopment by Prudential Center

The long-awaited plans to transform the surface parking lots around Newark's Prudential Center are moving forward under an agreement announced Wednesday between the city and the longtime owners of the property, paving the way for the creation of a vibrant, mixed-use plaza that will connect the downtown and the popular Ironbound district.

Deerwood Real Estate Capital appoints new president

Deerwood Real Estate Capital, a commercial mortgage brokerage and advisory firm located in Englewood Cliffs, announced Wednesday it has named Jeffrey Lavine as its president.

Colliers named exclusive leasing agent for Newark's One Gateway Center

Commercial real estate services firm Colliers International Group Inc. announced Wednesday that it has been named the exclusive leasing agent for One Gateway Center, a Class A office tower in downtown Newark.

Guess where N.J. ranks in the U.S. in property taxes

It comes as no surprise that property taxes in New Jersey are high. But just where does New Jersey rank when compared with the rest of the nation?

Panel New projects breathing new life into downtown Newark

The completion of major redevelopment projects has helped increase pedestrian traffic in downtown Newark, bringing new glimpses of vitality to a city that hopes to reinvent itself in the coming years.

Which N.J. town cracked the nation's Top 25 most expensive ZIP codes?

Among the 25 most expensive ZIP codes in the United States, according to a recent report, there are 17 in California and seven in New York. And one in New Jersey.

Monmouth County sells nursing homes for 32.4M

Monmouth County has sold a pair of skilled nursing facilities to a pair of private companies, according to real estate services firm Institutional Property Advisors, a division of Marcus Millichap.

Sunglasses company leaves Metuchen, while e-commerce firm moves in

A sunglasses and eyewear company has sold its Metuchen location for 4. 4 million, according to Bussel Realty Corp. , the real estate services firm that arranged the deal.

350K sq.ft. West Orange shopping center sold

Clarion Partners, a New York-based investment manager, has purchased a West Orange shopping center, real estate services firm Holliday Fenoglio Fowler L. P. said Monday.

350K sq.ft. West Orange shopping center sold

Clarion Partners, a New York-based investment manager, has purchased a West Orange shopping center, real estate services firm Holliday Fenoglio Fowler L. P. said Monday.

from NJBIZ - Retail http://ift.tt/21jfGLz
via IFTTT

App solutions startup opens HQ in Newark

A company that provides mobile solutions for the education industry has leased headquarters space at a Newark building, according to owner The Berger Organization.

Hasbrouck Heights property fetches 5.4M

A mixed-use property in Hasbrouck Heights has sold for 5. 4 million, according to Redwood Realty Advisors.

Avison Young to exclusively lease Parsippany property for new owner

Real estate services firm Avison Young will take on an expanded role at a Parsippany office building after a recent change in ownership at the three-story property, the company said.

Toys R Us appoints EVP, global communications and PR

Wayne-based Toys R Us announced Monday that Amy von Walter will join the company as executive vice president, global communications and public relations, effective March 14.

from NJBIZ - Retail http://ift.tt/1R0CFoT
via IFTTT

Braun Research leases space in Mount Laurel

WCRE announced Friday that it had represented Fellowship Development Associates L. P. , an affiliated entity of Pennmark Management Company, in the exclusive leasing and marketing of an office suite located in Mount Laurel to Braun Research Inc.

BioReference Labs renews industrial lease in Elmwood Park

BioReference Laboratories has renewed its 160,000-square-foot laboratory and warehouse lease in Elmwood Park, the clinical diagnostic laboratory said in a news release.

Current Topics in Real Estate Taxation Webinar

A look at recently enacted tax changes and the outlook for tax reform

Please join us for an interactive webinar designed to provide you with current information on recently-enacted tax provisions affecting real estate as well as the outlook for changes in the near future.

The webinar will cover:

• The December 2015 PATH Act and its treatment of:
  • 15-year depreciation period for leasehold improvements;
  • Real estate and other business assets that can be written off immediately
  • Other tax changes for... Read More
    
    from RSS feed for Items tagged 'Commercial' http://ift.tt/1QG31x9
    via IFTTT

Empowering environment Woman-owned Bayshore Recycling celebrates success by starring in its own old-school marketing calendar

Let's get a few things straight at the beginning, because honesty is everything. The, shall we say, &#8220calendar girls&#8221 featured in the annual Bayshore Recycling calendar are actual employees of the company. And they don't feel exploited.

ACME Market opens in Barnegat

ACME Market announced Thursday it has opened its newest Ocean County store in Barnegat.

from NJBIZ - Retail http://ift.tt/1VVBLyh
via IFTTT

ACME Market opens in Barnegat

ACME Market announced Thursday it has opened its newest Ocean County store in Barnegat.

NAI Hanson signs lease expansion in Branchburg

Real estate firm NAI James E. Hanson announced Thursday that it has brokered a 9,650-square-foot lease expansion for Cimquest Inc. in Branchburg.

Commercial Price Growth Expected to Slow in 2016

U.S. macroeconomic momentum dropped during the fourth quarter of 2015, buffeted by global economic slowdown and financial volatility. Payroll employment offered a bright spot, closing the year with a total of 2.7 million net new jobs, boosted by private service industries. Rising employment drove demand for commercial space across the property spectrum. Vacancies continued declining in the fourth quarter of 2015, as rising rents improved cash flows.

from RSS feed for Items tagged 'Commercial' http://ift.tt/21IhIHg
via IFTTT

New retailers commit to Tucker Development's Hudson Lights project in Fort Lee

The major mixed-use redevelopment project in Fort Lee known as Hudson Lights has added an indoor cycling studio, a liquor store and high-end fashion retailer to its tenant roster, its developer announced.

New retailers commit to Tucker Development's Hudson Lights project in Fort Lee

The major mixed-use redevelopment project in Fort Lee known as Hudson Lights has added an indoor cycling studio, a liquor store and high-end fashion retailer to its tenant roster, its developer announced.

from NJBIZ - Retail http://ift.tt/1Y25bMy
via IFTTT

Century 21 Department Store latest to sign on at American Dream

Century 21 Department Store is the latest major retailer to sign on at the American Dream project in the Meadowlands, it said Wednesday.

Company buys building as part of move from Brooklyn to Rahway

A Brooklyn company is moving to Rahway, having purchased an industrial building in the city, according to NAI James E. Hanson.

Former Merck building in Union could find new life as multitenant space

For all the talk in the office market about being near mass transit and higher education hubs, brokers with Colliers International feel there's a story in central New Jersey that hasn't been told.

Passaic property with apartments, stores sells for 2.3M

A mixed-use property in Passaic has sold for 2. 3 million, according to Redwood Realty Advisors.

Two-building Trenton property sold for 2.77M

Real estate services firm Marcus Millichap said Monday that it has brokered the sale of a Trenton retail property for 2. 772 million.

Levin says it was strong year for retail lease activity

Retail real estate services firm Levin Management touted the strength of its leasing activity Monday, reporting more than 539,000 square feet of transactions over the past 12 months.

Head of Toys R Us' Asia Pacific region to retire

Toys R Us said Tuesday that the president of its Asia Pacific region is retiring, effective May 31.

from NJBIZ - Retail http://ift.tt/1T6m8Gd
via IFTTT

Two-building Trenton property sold for 2.77M

Real estate services firm Marcus Millichap said Monday that it has brokered the sale of a Trenton retail property for 2. 772 million.

from NJBIZ - Retail http://ift.tt/1Qpv1oD
via IFTTT