Monday, October 31, 2016
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.
Sunday, October 30, 2016
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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Friday, October 28, 2016
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.
Thursday, October 27, 2016
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.
Wednesday, October 26, 2016
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’s 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.
Tuesday, October 25, 2016
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.
Monday, October 24, 2016
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.
Sunday, October 23, 2016
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 — just not one she is looking to emulate exactly.
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Friday, October 21, 2016
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.
Thursday, October 20, 2016
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.
Wednesday, October 19, 2016
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.
Tuesday, October 18, 2016
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 — 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 — albeit only one percentage point.
Monday, October 17, 2016
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.
Sunday, October 16, 2016
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 — just as homes had reached their lowest prices in decades — without hesitation. And full of confidence.
Great expectations Inspira Health System has an aggressive growth plan, which includes building a new hospital
It’s 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.
Friday, October 14, 2016
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’s downtown.
Ridgewood Orthopedics expands in Poskanzer Skott-designed space
Ridgewood Orthopedic Group LLC announced it has completed renovating its offices in Ridgewood.
Thursday, October 13, 2016
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.
Wednesday, October 12, 2016
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.
Tuesday, October 11, 2016
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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Monday, October 10, 2016
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 “eighth wonder of the world” 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.
Friday, October 7, 2016
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 “gap period” 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’s Journal Square neighborhood.
Thursday, October 6, 2016
N.J. law firm expands lease in Livingston
Cushman Wakefield announced Wednesday it has completed a lease expansion for a law firm in Livingston.
Wednesday, October 5, 2016
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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Tuesday, October 4, 2016
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.
Monday, October 3, 2016
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.
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