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.

Support may not be there for N.J. casino expansion vote, poll finds

Just 35 percent of residents are in favor of an upcoming voter referendum to expand casino gaming in New Jersey beyond Atlantic City and into two counties in the northern half of the state, according to a new Fairleigh Dickinson University PublicMind Poll released Monday.

Kislak completes 7M sales of co-op units in North Jersey

The Kislak Company Inc. announced Tuesday the recent sales of co-op portions at two multifamily properties in Elizabeth and Passaic for approximately 7 million.

South Jersey office market continues to struggle with leasing

A leasing slowdown has gripped much of South Jersey's office market, with some pockets of space showing signs of life, while others continue a malaise that started late last year.

Still a record-setting bull market for industrial rents, report says

Asking rents for industrial space in New Jersey continue to soar, according to real estate services firm Transwestern, thanks to &#8220unabated&#8221 demand for high-end warehouse and distribution facilities around the state.

Summer 2016: Special Edition - Commercial Recap from the REALTORS® Legislative Meetings in D.C.

Welcome to this special edition of Commercial Connections, with highlights from the commercial perspective and activities during the REALTORS® Legislative Meetings & Trade Expo. While it’s a condensed glimpse of what happened during the week, the important conversations had by your commercial real estate colleagues involved at the national level has great importance and long-lasting impact. Thanks to the many members and staff who contributed photos and quotes used in this publication.

We encourage you to dig deeper, attend future meetings and help continue to... Read More

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Different sector at forefront of office-space search in 2016, report finds

Office tenants are hunting for space in New Jersey at a rate that's on pace with last year, but a new sector is leading the pack midway through 2016.

Appeals court overturns affordable housing ruling, meaning 'gap years' won't count in requirements

A group of Jersey Shore municipalities will be able to scale down their affordable housing obligations under a ruling Monday by a state appeals court, reversing the decision of a lower court in February that was expected to have a broad impact across New Jersey.

Gebroe-Hammer arranges 12M sale of 4-building portfolio in East Orange

Livingston-based Gebroe-Hammer Associates announced Monday that it has arranged a 12 million sale of a four-building multifamily portfolio in East Brunswick.

Cushman Wakefield close 2.1M sale of multifamily property

Cushman Wakefield has closed on a multifamily property in Jersey City for approximately 2. 1 million, it announced Thursday.

Rubenstein, Onyx sell office building in Jersey City for 101M

Onyx Equities LLC and Rubenstein Partners L. P. announced the sale of an office building situated in one of Jersey City's thriving waterfront office markets.

Rittenhouse Realty sells apartment complex in Burlington County

Rittenhouse Realty Advisors announced Thursday that it has sold 21 units at the Hampton Manor Apartments in Mount Holly.

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Showboat Hotel to reopen today, developer says

The Showboat Hotel in Atlantic City is reopening Friday afternoon, according to developer Bart Blatstein, who said Thursday that the former casino will now be the largest noncasino hotel in the city.

Rittenhouse Realty sells apartment complex in Burlington County

Rittenhouse Realty Advisors announced Thursday that it has sold 21 units at the Hampton Manor Apartments in Mount Holly.

Woodmont acquires warehouse in Moonachie

Woodmont Industrial Partners, a real estate development firm, announced Thursday it has acquired an industrial building in Moonachie.

American Realty acquires Class A office property in Jersey City for 101M

American Realty Advisors announced Thursday it has acquired a Class A office asset in Jersey City for 101 million.

Real estate firm acquires Bergen County medical office building

Charter Realty Group secured a 28 million loan to acquire a 68,000-square-foot office building in Rockleigh.

Kislak sells multifamily portfolio in Paterson

Woodbridge-based The Kislak Company Inc. recently announced the sale of a three property portfolio in Paterson.

Bell Works lands N.Y. communications firm, two other tenants

Three more companies have signed leases to move to the former Bell Labs complex in Holmdel, owner Somerset Development announced Tuesday.

Bayada accepts EDA award, will consolidate offices in Pennsauken rather than Philly

Bayada Home Health Care has accepted a New Jersey Economic Development Authority award and will be consolidating its support offices in a Pennsauken office location, it confirmed recently.

WCRE announces store expansion in Marlton

Davis Enterprises and Float of New Jersey expanded their existing store in Marlton by 1,800 square feet, WCRE announced Friday.

The eyes have it N.J. franchise owners think Amazing Lash has a product perfect for 'Jersey girl' style

Everyone loves a Jersey girl. Lisa Patton and Reed Patton particularly love their eyes &#8212 and their willingness to spend to style them.

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Cash Accounts for 26 Percent of Commercial Transactions in REALTOR® Markets

Commercial real estate investment trends were positive in 2015, with sales of large cap CRE transactions totaling $543 billion, based on Real Capital Analytics (RCA) data. However, in the first quarter 2016 sales volume dropped 20 percent on a yearly basis, to $111 billion. In contrast to the large cap transactions reported by RCA, commercial REALTORS® managed transactions averaging less than $2.5 million per deal, frequently located in secondary and tertiary markets. The Commercial Real Estate Lending Trends 2016 shines the spotlight on this significant segment of the economy.

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Louis Goetting partners with CW to grow its health care real estate practice

Louis Goetting, principal of NJ Advisors and former deputy chief of staff for Gov. Chris Christie, has teamed up with Cushman Wakefield Executive Vice President Robert Donnelly and his Morristown-based brokerage team to manage its growing health care real estate services practice.

CBRE announces 26.2M sale of Kmart Plaza in Hazlet

Goodrich Hazlet LLC has sold a shopping center in Hazlet for 26. 2 million, CBRE announced Thursday.

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CBRE announces 26.2M sale of Kmart Plaza in Hazlet

Goodrich Hazlet LLC has sold a shopping center in Hazlet for 26. 2 million, CBRE announced Thursday.

N.J. REIT leases industrial space to Snap-on Inc.

Monmouth Real Estate Investment Corp. announced Thursday the acquisition of a new industrial building in Louisville, Kentucky, for 11. 3 million.