Tuesday, January 31, 2017

Amerco purchases trio of buildings in Swedesboro

Colliers International recently announced it orchestrated the sale of three buildings between Amerco Real Estate Co. , a U-Haul affiliate, from Starwood Property Trust Inc.

For Heller, half a decade of full occupancy in New Jersey shows longtime strategy is still working

Heller Industrial Parks Inc. has a strategy, sticks to it &#8212 and has seen it pay off.

Monday, January 30, 2017

Merola Tile Group acquires building in Willingboro

Sheldon Gross Realty recently announced the acquisition of an 82,000-square-foot industrial asset in Willingboro.

Supply chain company finalizes long-term lease in Carteret

Commercial real estate firm Bussel Realty Corp, announced Monday the signing of a lease for a 300,000-square-foot industrial space at 800 Federal Blvd. , Carteret.

Legislation to fast track green buildings doesn't go gar enough

All too often, sound environmental goals conflict with development goals and the results can be problematic for economic development, particularly here in New Jersey where red tape can wrap even the best developer into knots. Fortunately, a bill now moving through the state legislature is both environmentally smart and developer friendly and. . .

Little Rockers opens new HQ in N.J.

Little Rockers, a kids music class and party company, announced it has opened its new headquarters, AppleJams Music Arts Playcenter, in Shrewsbury.

Vision Real Estate Partners acquires Roseland office complex from Mack-Cali

Commercial real estate firm Vision Real Estate Partners announced it has acquired a three-building office space on Eisenhower Parkway in Roseland.

HFF to market office for Mack-Cali in Bergen County

Holliday Fenoglio Fowler L. P. , recently announced it has been named to market a 2. 2 million-square-foot office property in Bergen County.

Sunday, January 29, 2017

Restoring Hahne with a nod to history

Ronald Andrews, a 50-something Newarker, flashed back to the 1960s when he set foot in the new Hahne Building during its official opening last week.

Restoring Hahne with a nod to history

Ronald Andrews, a 50-something Newarker, flashed back to the 1960s when he set foot in the new Hahne Building during its official opening last week.

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A fresh approach to that morning blast of caffeine

When James Caverly first started mapping out the business model in 2010 for what would become Booskerdoo Coffee, he had one condition that could not be compromised the coffee beans had to be as fresh as possible.

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Friday, January 27, 2017

Rumson-based accessories manufacturer names COO

Pulleez International Inc. announced that Laura Duprey has been named its chief operating officer.

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Thursday, January 26, 2017

642-unit Lodi apartment complex sells for 100M

Residential brokerage Gebroe-Hammer Associates announced it had brokered the sale of a 642-unit apartment complex in Lodi earlier this week. Cedar Gardens LP sold the property to Cedar Wright Apartments LLC.

Hackensack selects site redeveloper for 86M project

Hackensack Mayor John Labrosse and the city council voted Wednesday to select Hornrock Properties and Russo Development to redevelop the property known as &#8220Lot C. &#8221

Wednesday, January 25, 2017

Colliers brokers sale of manufacturing complex

Colliers International announced Monday it has brokered the sale of a manufacturing complex in Salem.

Levin management awarded 2 N.J. shopping center assignments

Commercial real estate services firm Levin Management Corp. announced Wednesday it has been named the exclusive managing agent for two New Jersey shopping centers.

Tuesday, January 24, 2017

Novel Property Ventures buys Roseland apartment complex

Residential real estate company Novel Property Ventures announced Tuesday the 130 million purchase of Nob Hill in Roseland.

Toys R Us names global chief marketing officer

Toys R Us Inc. announced that PepsiCo veteran Carla Hassan will join the company as its global chief marketing officer and executive vice president, effective Feb. 20.

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Report delivered at NAIOP meeting expects decelerated economic growth for 2017

A recent report presented at the NAIOP New Jersey Annual Meeting CRE Outlook found markers are showing an overall deceleration of the national economy, though its continued strength could affect President Donald Trump's stimulus efforts.

City of Newark officially opens renovated Hahne Building

Newark Mayor Ras Baraka led the official opening of the Hahne Building on Monday. Prudential Financial, LM Development and Goldman Sachs Group partnered with Citi Community Capital to make the restoration happen.

Monday, January 23, 2017

PlanSmart NJ executive director announces retirement

Ann Brady, executive director of PlanSmart NJ, has announced her retirement.

Multitenant shopping center in Northfield sells for 5.95M

Marcus Millichap, a commercial real estate investment services firm, announced Monday the sale of a multitenant shopping center in Northfield for 5. 95 million.

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The 4 largest industrial properties in N.J. #8212 and the company overseeing them

Do you know what the four largest industrial properties in New Jersey have in common?

Multitenant shopping center in Northfield sells for 5.95M

Marcus Millichap, a commercial real estate investment services firm, announced Monday the sale of a multitenant shopping center in Northfield for 5. 95 million.

Blink Fitness leases space in South Orange

Blink Fitness, a budget friendly gym, has leased space in South Orange, according to Chuck Lanyard, president of The Goldstein Group.

Blink Fitness leases space in South Orange

Blink Fitness, a budget friendly gym, has leased space in South Orange, according to Chuck Lanyard, president of The Goldstein Group.

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Sunday, January 22, 2017

Amazon Prime Air facing many obstacles in Jersey

Imagine an item that is shipped into Port Newark, then picked up by a drone and shipped to a local customer in Morris County.

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Business is clicking

&#8220Minus the markup. &#8221 It's a common slogan among those heralding a cutting-out of the retail middlemen to bring products directly to customers.

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Food for thought Groceries growing online

In an era in which few traces remain of what business was like prior to e-commerce, the food industry straggled in getting online &#8212 with sales on the web accounting for as little as 1 percent of total food and beverage purchases in years past by some estimates.

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For carriers, it's been a bumpy road

Despite being the anchor of the flourishing e-commerce sector, the freight carrier industry is no stranger to bad news.

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Could COAH ruling aid distressed properties?

When the New Jersey Supreme Court ruled towns must factor in the so-called &#8220gap years&#8221 from 1999 through 2015 when calculating their affordable housing obligations, some saw it as a major hindrance to communities and developers, many of whom will have to redo existing projects to meet the court mandate.

Friday, January 20, 2017

HFF arranges refinancing of Union building

Holliday Fenoglio Fowler L. P. announced it has arranged the refinancing of an office building in Union. Liberty Hall II, a Class A office building, was refinanced for 11 million.

Developer announces partnership with Uber at apartment complexes

Multifamily housing developer CPCMeridia recently announced it will partner with ride-hailing service Uber to create pick-up zones throughout all of its locations.

Could COAH ruling aid distressed properties?

When the New Jersey Supreme Court ruled towns must factor in the so-called &#8220gap years&#8221 from 1999 through 2015 when calculating their affordable housing obligations, some saw it as a major hindrance to communities and developers, many of whom will have to redo existing projects to meet the court mandate.

Thursday, January 19, 2017

ShopRite Supermarkets appoints new president

ShopRite Supermarkets Inc. , which owns and operates 34 ShopRite stores in New Jersey and New York, announced Thursday it has named a new president.

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Industry, political figures react to COAH ruling

Representatives from both the public and private sectors appear to be divided on the consequences of the affordable housing ruling made by the New Jersey Supreme Court on Wednesday.

Newark mayor unveils plans for 'Mulberry Commons,' the former Triangle Park

Newark Mayor Ras Baraka revealed a plan Wednesday to redevelop the downtown Newark area at the foot of the Prudential Center.

Wednesday, January 18, 2017

N.J. Supreme Court rules 'gap years' in affordable housing obligations count

The New Jersey Supreme Court ruled Wednesday that towns must factor in the so-called &#8220gap years&#8221 from 1999 through 2015 when calculating their affordable housing obligations.

Denholtz Associates reports significant lease activity in 2016

Denholtz Associates recently announced it had finalized over 1 million square feet of leasing transactions in 2016.

Tough holiday season for Toys R Us, which took sales hit

It wasn't too jolly this holiday season for Wayne-based retailer Toys R Us Inc. , which said Tuesday that same-store sales fell for the nine weeks ended Dec. 31, 2016.

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HFF closes 30 million hotel sale in Basking Ridge

Holliday Fenoglio Fowler L. P. announced the 30 million sale of Dolce Basking Ridge Hotel on Tuesday.

Tuesday, January 17, 2017

2016 was banner year for N.J. industrial market, reports show

Multiple independent research groups found 2016 to be the best all-around year for the New Jersey industrial market in over a decade.

Christie's International to expand to New Jersey

Christie's International Real Estate has announced it plans to expand to New Jersey through Special Properties Real Estate Services.

Marcus Millichap announce 5.95M sale of shopping center in Northfield

Marcus Millichap announced Tuesday the 5. 95 million sale of a multitenant shopping center in Northfield.

United Supply purchases industrial asset in Perth Amboy

United Supply recently announced it has purchased an industrial asset in Perth Amboy from West Marine.

Monday, January 16, 2017

YMCA leases property in downtown Camden business district

WCRE announced that the YMCA of Burlington and Camden Counties has leased space in the heart of the downtown Camden business district.

Friday, January 13, 2017

Gramercy Property acquires building in Swedesboro

Colliers International announced Friday that it brokered the sale of a 197,500-square-foot property in Swedesboro. Colliers International represented the private, undisclosed owner in the deal.

F. Greek to develop industrial park with Advance at Logan Twp. site

F. Greek Development has purchased a 415-acre site in Logan Township from Bridgeport Disposal LLC, Cushman Wakefield announced Thursday.

Elberon Development and Avidan Groups acquire warehouse

Venture partners Elberon Development and The Avidan Group recently announced the purchase of a 50,000-square-foot distribution facility in Branchburg.

Ribbon cutting held for R-Health in Ewing Will provide primary care at no additional cost to employees

Around this time last year, Mason Reiner said R-Health was &#8220bullish&#8221 on the growth of direct contract primary care in New Jersey.

Thursday, January 12, 2017

Downtown Newark office tower sold

Holliday Fenoglio Fowler L. P. announced Thursday the sale of the 33 Washington St. tower in downtown Newark.

Gebroe-Hammer announces 19.2M sale of luxury rental community in Monroe Twp.

Gebroe-Hammer Associates, a multifamily investment sales brokerage, announced Thursday the 19. 2 million sale of a luxury senior rental community in Monroe Township.

Nail salon joins tenant mix at Hamilton Plaza in Hamilton

Queen Bee Nail Spa is joining the tenant mix at the Hamilton Plaza in Hamilton, according to Levin Management Corp. , the property&#8217s managing and leasing agent.

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Nail salon joins tenant mix at Hamilton Plaza in Hamilton

Queen Bee Nail Spa is joining the tenant mix at the Hamilton Plaza in Hamilton, according to Levin Management Corp. , the property&#8217s managing and leasing agent.

Cushman Wakefield arranges sale of industrial asset in Linden

Cushman Wakefield announced earlier this week that it has found a buyer for an industrial asset at 340 Stiles St. in Linden.

Amazon intends to bring another 2,500 full-time jobs to N.J.

Amazon, which already employs more than 11,000 people at its seven New Jersey sites, is planning to bring another 2,500 full-time jobs to the Garden State as part of a nationwide hiring blitz, it announced Thursday.

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Wednesday, January 11, 2017

HFF closes sale of Class A office in Somerset

Holliday Fenoglio Fowler L. P. announced it has finalized the sale of a Class A office building in Somerset, Franklin Township, on Monday.

Tuesday, January 10, 2017

Weichert launches residential, commercial development and investment company

The Weichert Family of Cos. , based in Morris Plains, has created the Weichert Development Co. to focus on development, as well as commercial and residential real estate investment, it announced Tuesday.

Marcus Millichap closes three fast food restaurant deals

Commercial real estate firm Marcus Millichap has handled the sale of three fast food locations, including two in the Garden State, it announced Tuesday.

S. Jersey commercial real estate market continues to be promising, report finds

In the wake of the U. S. presidential election and the United Kingdom's vote to leave the European Union, the southern New Jersey commercial real estate market continues to shows strength, a report by Wolf Commercial Real Estate found.

Demand for office space in Central, North Jersey fell in Q4, two reports agree

Demand for office space in central and northern New Jersey saw an overall decrease in the fourth quarter of 2016, according to reports published by the Newmark Grubb Knight Frank and Jones Lang LaSalle research groups.

Cushman Wakefield sees U.S. economy performing well in 2017, including in N.J.

Commercial real estate services firm Cushman Wakefield predicts that, despite a turbulent 2016, the American economy will perform well under the new Donald Trump administration in 2017.

PSEG to lease 7K sq.ft. office in Clifton

Public Service Electric Gas recently agreed to lease a 7,000-square-foot office building from Sheldon Gross Realty.

Monday, January 9, 2017

Quiz: 2016 Commercial Members

The information from this quiz was taken from the 2016 Commercial Member Profile.



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Jared Kushner to become senior adviser to President Trump

Jared Kushner will serve as a senior adviser to his father-in-law, President-elect Donald Trump, in Washington, D. C. , potentially meaning major changes for his real estate company, the Kushner Cos.

Normandy sells Parisppany office building for 44M

Normandy Real Estate Partners has sold a 125,000-square-foot office property in Parsiappny, Holiday Fenoglio Fowler L. P. announced Monday.

Pera Design Furniture opens in Paramus

The Goldstein Group, a provider of retail real estate services, announced Monday it has placed Pera Design Furniture in Paramus, according to Chuck Lanyard, president of the firm.

Pera Design Furniture opens in Paramus

The Goldstein Group, a provider of retail real estate services, announced Monday it has placed Pera Design Furniture in Paramus, according to Chuck Lanyard, president of the firm.

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ASAP International arranges acquisition of hotel in Iselin

ASAP International Holdings announced Monday it has acquired a hotel in Iselin.

Sunday, January 8, 2017

Sounds of success Bands on a Budget finds niche

Bret Morgan was just 24 when he bought the music venue. But, eventually, the cutthroat atmosphere of the touring side of the music industry left him wanting to work in a more artist-friendly field.

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TASTE OF SUCCESS How three women entrepreneurs are thriving in vibrant Jersey City food scene

There are more than a quarter-million multicultural residents living in Jersey City. Thousands more visit the metropolitan area's bustling restaurant scene each year. Everyone wants to feed them &#8212 and three diverse women entrepreneurs are helping to make that happen.

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Friday, January 6, 2017

WCRE leases flex space in Delran

WCRE announced Friday that it has represented IDEX MPT Inc. , dba Matcon, in leasing flex space at The Millside Business Park in Delran.

Kislak completes seven sales worth 41M total

The Kislak Co. Inc. announced Thursday it has completed the sale of seven commercial properties totaling over 41 million.

24 Hour Fitness opens new club in Ramsey

24 Hour Fitness announced Friday it is opening a new club in the Triangle 17 Plaza shopping mall in Ramsey.

Rugby Realty finalizes 20M corporate center sale

Rugby Realty Co. has sold the CityView Corporate Center in Lyndhurst to Alexander Property Holdings, according to real estate services firm Cushman Wakefield.

Thursday, January 5, 2017

Former Hill-Rom building in Pennsauken sells for 4.2M

Edison Lithograph and Printing has purchased the former Hill-Rom facility in Pennsauken, Colliers International announced Tuesday.

Bridgewater Center of Excellence tenant expanding its laboratory space

Advance Realty and partner CrossHarbor Capital Partners LLC announced Tuesday that Clinical Genomics has leased additional laboratory space at the Bridgewater Center of Excellence.

ERI launches N.J. consolidation facility

ERI, a recycler of electronic waste, announced Wednesday it has launched a new consolidation facility in New Jersey.

Macy's, Kmart announce locations of store closings in state as part of nationwide reduction

Retail in New Jersey got off to a tough start this year with the announced closing of seven stores.

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Macy's, Kmart announce locations of store closings in state as part of nationwide reduction

Retail in New Jersey got off to a tough start this year with the announced closing of seven stores.

Wednesday, January 4, 2017

Coldwell Banker Garden State expands reach with acquisition

Coldwell Banker Garden State, which serves Bergen County, announced its acquisition of Century Homes Realty. This acquisition expands the company's practices into Fair Lawn.

Bridge Development sells Union industrial building for 46.5M

Bridge Development Partners announced Tuesday that it has sold Bridge Point Port West, located at 750 Union Ave. in Union, to a fund managed by J. P. Morgan.

Alexander Anderson starts Capital Group to redevelop downtown properties

Alexander Anderson Real Estate Group announced recently the launching of Alexander Anderson Capital Group, a syndication arm aimed to sponsor, acquire and redevelop downtown areas alongside small and individual real estate investors.

CBRE announces 4.1M building sale in Newark

Real estate investment firm CBRE Group Inc. announced it had completed the sale of a 4. 1 million property in downtown Newark on Tuesday.

Tuesday, January 3, 2017

American Institute of Architects' N.J. chapter elects new president

The New Jersey chapter of the American institute of Architects announced recently that Ben Lee will lead the organization for the 2017 calendar year.

REAL ESTATE PREDICTIONS 2017

Has multifamily housing finally hit its peak? That's the opinion of at least one of our circle of experts for our highly anticipated real estate predictions for 2017.

REAL ESTATE PREDICTIONS 2017

Has multifamily housing finally hit its peak? That's the opinion of at least one of our circle of experts for our highly anticipated real estate predictions for 2017.

Pet product company Hartz names new CEO

The Hartz Mountain Corp. , a leading maker of pet products based in Secaucus, has named a new CEO and president, it announced Monday.

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Meet our new real estate reporter Mario Marroquin

NJBIZ is thrilled to announce that Mario Marroquin has joined the staff as our real estate reporter.