Bussel Realty completes sale of over 570,000 sq.ft. in April

Edison-based commercial real estate firm Bussel Realty Corp. recently announced it completed transactions totaling 570,000 square feet of industrial space in April.

Nest Seekers acquires Chelsea Realty

Commercial real estate service firm Nest Seekers recently announced it has chosen to expand its footprint in New Jersey through the acquisition of Hoboken-based Chelsea Realty. The acquisition will mark the 21st office for Nest Seekers and the second one for the firm in the state.

Developer tops off Weehawken condo, retail project

California-based developer Landsea recently announced it has &#8220topped off&#8221 its latest project in Weehawken, known as Avora. Landsea was joined by Weehawken Mayor Richard Turner at the ceremony for its 11-story, 184-condo project.

Marcus Millichap completes sale in Paterson

Commercial real estate firm Marcus Millichap recently announced the sale of a newly built 42-unit college residential hall in Paterson. The property, 165 Barclay St. , Paterson, was sold from a local developer to a private investment firm.

The Children's Place appoints chief transformation officer

The Children&#8217s Place Inc. , a children&#8217s specialty apparel retailer based in Secaucus, announced Tuesday it has appointed John J. Sullivan to the newly-created position of chief transformation office, effective June 12.

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Commercial ALERT Report

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The National Association of REALTORS® retained Swanepoel T3 Group to research and analyze the latest emerging risks and trends within the commercial real estate industry, resulting in the Commercial Real Estate ALERT. This 128-page report is not only for commercial real estate brokers and agents but also for residential brokers and agents who want to gain a better understanding of this important segment of the real estate market.

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Fragrance firm moving U.S. HQ to Parsippany

Commercial real estate firm Prism Capital Partners announced it has sold 339 Jefferson Road, Parsippany, allowing fragrance firm Mane USA to relocate its national headquarters to the property.

Gebroe-Hammer completes sales in the Rosevilles

Commercial real estate firm Gebroe-Hammer Associates recently announced it has completed the sale of 85 units across three buildings in Newark&#8217s Upper and Lower Roseville neighborhoods.

Newark Museum reopening Washington Street doors as part of 5.5M project

After two decades closed, the Washington Street doors at the Newark Museum are once again open, part of a project designed to address the flurry of recent development in the downtown area.

Hackensack auto repair renews, expands

Commercial real estate firm NAI James E. Hanson recently announced it has negotiated a lease renewal and expansion of Pro Auto Repair in Hackensack.

Sheldon Gross completes transactions in West Orange

Commercial real estate firm Sheldon Gross Realty recently announced it has completed two transactions that involved bringing a new business to West Orange and upgrading the existing space of another tenant.

RJ Brunelli Co. announce leases throughout the state

Old Bridge-based commercial brokerage RJ Brunelli Co. recently announced it brokered leases with a number of retailers around New Jersey, including Dollar Tree, Max Challenge and more.

RJ Brunelli Co. announce leases throughout the state

Old Bridge-based commercial brokerage RJ Brunelli Co. recently announced it brokered leases with a number of retailers around New Jersey, including Dollar Tree, Max Challenge and more.

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Hampton Inn Suites opens in Bridgewater

RD Management LLC, in partnership with XSS Hotels, recently announced the opening of the Hampton Inn Suites Bridgewater, a 133-room hotel managed by Colwen Hotels.

Team Resources announces sales in Dover, Totowa

Commercial real estate firm Team Resources recently announced the sale of two properties, in Dover and Totowa.

Inspira breaks ground on Mullica Hill facility, hopes to open facility by end of 2019

Inspira Health Network broke ground on its new Mullica Hill facility Wednesday, the next step in what CEO John DiAngelo said has been a five-year process to upgrade the system.

CBRE to market Cranford and Clark portfolio

Commercial real estate firm CBRE recently announced it has been selected as the exclusive leasing agent for eight different office properties in Cranford and Clark.

Colliers to market tower in Somerset

Richard Mirliss, Michael Tesser, Alexander Vitro and Ryan Haggerty of Colliers International have been selected as the exclusive marketing team for a 229,000-square-foot property in Somerset, the firm announced recently.

Big #8230 and boutique Ironstate feels 69-story Jersey City Urby is best of both worlds Slideshow

Ironstate Development President David Barry said his company&#8217s latest project, Jersey City Urby, is a culmination of his previous work in boutique hotels in both New Jersey and in Europe.

Former Flyer Kerr's real estate firm joins Sotheby's network

Sotheby&#8217s International Realty Affiliates LLC, a unit of Madison-based Realogy Holdings Corp. , has teamed up with former Philadelphia Flyers star Tim Kerr and his Tim Kerr&#8217s Powerplay Realty in Avalon, the company announced Tuesday.

Candy company Ferrero U.S.A. expands in Somerset

NAI James E. Hanson said Tuesday it has negotiated a long-term lease for chocolate and confectionery company Ferrero U. S. A. Inc. in Somerset.

Woodbridge building sells for 5.85M

A Woodbridge retail property has sold for 5. 85 million, according to brokerage Marcus Millichap.

WinnCompanies hosts ribbon-cutting for 40M affordable housing rehab in Jersey City

Jersey City Mayor Steven Fulop and development firm WinnCompanies hosted a ribbon-cutting ceremony to celebrate the completion of an affordable housing rehabilitation project at the former Brunswick Estates site. WinnCompanies said the 40. 2 million project will preserve affordable housing for over 400 residents for the next 30 years.

NGKF expands capital markets division

Rutherford-based Newmark Grubb Knight Frank recently announced it has added five new hires in its effort to expand its Capital Markets platform.

Real Estate Report It takes a village to revitalize a city

This edition of Real Estate Report is as much about passion as about projects Developers and organizations in Trenton and Elizabeth are doing plenty to reinvigorate two of the state's most important cities.

In the middle MAS Development Group and Faros Properties are rebuilding midtown Elizabeth

When Sal Garcia, principal at MAS Development Group, began working in the city of Elizabeth in 1999, he was following in the footsteps of his father.

United Way awards Allergan Building Impact Award

United Way of Northern New Jersey recently commemorated Allergan&#8217s office building in Madison with the Impact Award at the 18th annual United Way Commercial Real Estate Network Legacy Luncheon. United Way said Allergan&#8217s building was recognized for its positive impact on the region in the last year.

Kushner Cos., Rouse Properties announce latest Monmouth Mall plan

After negotiations for the improvement initiative of the Monmouth Mall stalled almost one year ago, Kushner Cos. and Rouse Properties have announced site plans for The Heights at Monmouth, a mixed-use shopping center, are in the works, with construction scheduled to start in 2018.

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Kushner Cos., Rouse Properties announce latest Monmouth Mall plan

After negotiations for the improvement initiative of the Monmouth Mall stalled almost one year ago, Kushner Cos. and Rouse Properties have announced site plans for The Heights at Monmouth, a mixed-use shopping center, are in the works, with construction scheduled to start in 2018.

Building block New Jersey Realtors thrilled by move to capital city

When New Jersey Realtors decided to move out of Edison, it sought to make a statement.

Lofty ambitions Roebling Lofts will bring 190 luxury units to historic Wire Works building

HHG Development Associates, which has been working in Trenton since the mid-'90s, is close to launching Roebling Lofts, the first phase of the larger redevelopment of the Roebling Wire Works complex.

American Dream closes 1.67B construction financing

Triple Five Group of Cos. recently announced it has closed on the 1. 67 billion private construction financing needed for construction of the American Dream project in the Meadowlands to continue.

Emulating success How George Sowa and Greater Trenton are following a proven model

Let's be honest Politicians and developers alike would love nothing more than to get shovels in the ground in the next New Brunswick, Hoboken, Jersey City and now Camden and Atlantic City.

American Dream closes 1.67B construction financing

Triple Five Group of Cos. recently announced it has closed on the 1. 67 billion private construction financing needed for construction of the American Dream project in the Meadowlands to continue.

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May 2017 Economic and Commercial Real Estate Outlook: George Raitu

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These slides are from the Economic and Commercial Real Estate Outlook presentation given by George Raitu during the Commercial Economic Issues & Trends Forum at the REALTORS® Conference & Expo in Washington, DC, on May 18, 2017.

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May 2017 Economic and Commercial Real Estate Outlook

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These slides are from the Economic and Commercial Real Estate Outlook presentation given by Lawrence Yun during the Commercial Economic Issues & Trends Forum at the REALTORS® Conference & Expo in Washington, DC, on May 18, 2017.

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Savills Studley names supply chain specialist

Hackensack-based commercial brokerage Savills Studley recently announced it has hired Aron Gunkelman for its Industrial Services Group. He will serve as assistant director within the supply chain practice.

Realtors® Have a Positive Outlook for Commercial Markets in 2017

WASHINGTON (May 19, 2017) – While challenges face commercial real estate markets, Realtors® specializing in the sector should have confidence that growth will continue. That’s according to speakers at a commercial economic issues and trends forum at the REALTORS® Legislative Meetings & Trade Expo.

NAR Chief Economist Lawrence Yun led a panel discussion about the economic forces shaping commercial real estate markets; the panelists agreed that the market has improved and that continued growth in the economy... Read More

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TD Bank, Ameritrade complete lease in Princeton

ROI Renovations and Development President Linda Fahmie represented Carnevale Plaza in the completion of a lease for 4,500 square feet of space at 255 Nassau St. , Princeton, the firm said.

NAI Hanson negotiates lease to bring cabinet manufacturer to Carlstadt

NAI James E. Hanson, a commercial real estate firm, announced it has negotiated a 13,000-square-foot industrial lease in Carlstadt to Cavalli Cabinets.

The Children's Place appoints president global product

The Children&#8217s Place Inc. , a Secaucus-based children&#8217s specialty apparel retailer, announced it has appointed Pamela B. Wallack to the newly created position of President Global Product, effective immediately.

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2017 Q1 Commercial Real Estate Market Survey

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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 leasing transactions, along with information on current economic challenges and future expectations.

... Read More

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NAIOP NJ CEO to receive industry award

The Kislak Real Estate Institute at Monmouth University has announced it will present NAIOP New Jersey CEO Michael McGuinness with the Service to the Industry Award at its Leadership Excellence Awards Dinner on June 1.

NAI Hanson adds event management firm to Lackawanna Center Complex

Commercial brokerage NAI James E. Hanson recently announced it has completed the leasing of 130,963 square feet to add This Is It! Productions to Jersey City&#8217s Lackawanna Center.

Lawmakers sue to stop Christie's 300M Statehouse renovation

Gov. Chris Christie&#8217s 300 million Statehouse renovation plan has received much criticism, including from his Lt. Gov. and Republican gubernatorial candidate Kim Guadagno.

J.F. Kiely Construction opens N.J. water resources division

J. F. Kiely Construction Co. , part of the Kiely Family of Cos. , recently announced it opened a new water resources division in Wall Township.

CitiBay begins construction of Ironbound mixed-use project

After more than two years awaiting final approvals, CitiBay has begun construction of a mixed-use building on Newark&#8217s New York Avenue. The design by Martin Architectural Group utilized the space where an abandoned warehouse once stood, at 360 New York Ave. , and will house 100 units and a day care center.

Commercial Real Estate ALERT

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The Strategic Thinking Advisory Committee of the National Association of REALTORS® (NAR) was tasked with the responsibility to produce a report detailing the risks and opportunities in the commercial real estate industry. NAR retained the services of one of the leading research and information companies in the real estate industry, T3 Sixty, Inc. Their findings are published in this study.

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New price-per-unit benchmark reached in East Orange

Commercial real estate firm Gebroe-Hammer Associates said it has set a new per-unit-price benchmark with the sale of a luxury high-rise at 75 Prospect St. , known as the Castle on Prospect, in East Orange.

SOSH Architects names new managing director

As part of its plan to open a Philadelphia office, Atlantic City-based SOSH Architects announced it has named Douglas Steele as managing director. His knowledge of the area and connections to clients in the area are ideal to expansion of the firm into Southeastern Pennsylvania and beyond, said the firm.

Accenture buys Asbury Park e-commerce solutions firm

Asbury Park-based e-commerce solutions company Media Hive has been purchased by Accenture, the professional services company announced Monday.

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Grapevine Bad optics for Kushners

&#8220The first thing you have to understand is that the Kushners did nothing wrong,&#8221 a source started, reacting to the recent flap when Nicole Meyer held an event in China where she appeared to be using her brother, Jared Kushner, and his father-in-law, President Donald Trump, in an effort to promise EB-5 visas to the U. S. for financial. . .

CycleBar joins The Shoppes at the Livingston Circle

Eastman Cos. , which manages The Shoppes at the Livingston Circle in Livingstonm recently announced it has signed CycleBar to its shopping center at 277 Eisenhower Parkway.

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Retail TouchPoints names industry innovation award winners

Hasbrouck Heights-based consumer engagement strategy firm Retail TouchPoints announced its 2017 Retail Innovator Award winners Friday.

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CycleBar joins The Shoppes at the Livingston Circle

Eastman Cos. , which manages The Shoppes at the Livingston Circle in Livingstonm recently announced it has signed CycleBar to its shopping center at 277 Eisenhower Parkway.

Kislak completes multiple transactions in Essex County totaling 11.4M

Woodbridge-based real estate firm, Kislak Co. recently announced it has closed three multifamily transactions with 178 residential units and four retails spaces for 11. 4 million.

NAIOP honors industry leaders at annual gala

The Palace at Somerset Park fell silent Thursday night as the families of the late Arthur Greenbaum and Caren Franzini spoke at the NAIOP New Jersey 30th Annual Gala. Both were held in high regard by the organization, and were acknowledged to have changed the real estate industry.

Lawrence Shopping Center under new management, ownership

A partnership between JJ Operating Inc. and Houlihan-Parnes Realtors recently announced the acquisition of the Lawrence Shopping Center and a scheduled 5 million capital improvement plan.

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Prime withdraws deal to buy Memorial Hospital of Salem County

A deal for the sale of The Memorial Hospital of Salem County to California-based for-profit health systems operator Prime Healthcare, which currently operates a Newark facility, fell through Monday.

Terreno Realty makes 6 purchases in Carlstadt

Industrial real estate firm Terreno Realty Corp. recently announce it has completed the purchase of six adjacent properties in Carlstadt totaling 8. 1 acres.

WCRE joins CORFAC International office network

Marlton-based Wolf Commercial Real Estate recently announced it has become part of the worldwide office network CORFAC International.

Lawrence Shopping Center under new management, ownership

A partnership between JJ Operating Inc. and Houlihan-Parnes Realtors recently announced the acquisition of the Lawrence Shopping Center and a scheduled 5 million capital improvement plan.

Gebroe-Hammer closes 308 units worth of sales in east Essex

Commercial real estate firm Gebroe-Hammer Associates recently announced that its David Oropeza has closed two separate portfolio sales totaling 29. 3 million and 308 units in Orange and East Orange.

Edison Properties unveils downtown Newark warehouse redevelopment

Edison Properties and members of its Gottesman family were joined by Newark Mayor Ras Baraka at the unveiling of its redevelopment plan for the former Central Railroad of New Jersey warehouse at 110 Edison Place in the city.

Lupin opens manufacturing facility in Somerset 80 hired with 50 more to come

Mumbai-based pharmaceutical manufacturer Lupin recently hosted U. S. Rep. Bonnie Watson Coleman and Indian Consul General to the United States Riva Ganguly Das at the ribbon-cutting ceremony of its first U. S. manufacturing facility, in Somerset.

Hard Rock paid 50M for Trump Taj, report says

Hard Rock International announced plans to sink 375 million into the former Trump Taj Mahal hotel casino it purchased earlier this year, and no wonder it had the money Hard Rock bought the Atlantic City icon for a mere 50 million, according to a published report.

N.J. Future says suburban demographics don't match popular opinion slideshow

New Jersey Future&#8217s director of research, Tim Evans, recently presented a demographic analysis of the state&#8217s suburban population at the Kislak Real Estate Institute at Monmouth University.

Mandelbaum Salsburg announces Washington Town Center deal

Roseland-based law firm Mandelbaum Salsburg recently announced it has brokered a deal between Atkins Cos. and Woodmont Properties to develop Washington Square Town Center, a mixed-use redevelopment project in Washington Township, Gloucester County.

CBRE expands retail team

Saddle Brook-based real estate firm CBRE recently announced it has expanded its retail advisory and transaction group divisions with the addition of Nicole Jadoo and Nicole Nannola.

CNA moves office from Cranbury to Princeton, relocating 140 jobs

CNA, a commercial insurance writer, has relocated its Cranbury office to a new space in Princeton, it announced recently.

WithumSmithBrown completes move to Whippany

Public accounting and consulting firm WithumSmithBrown P. C. nbsprecently announced the completion of its relation from its Morristown office to 200 Jefferson Park, Whippany.

Advance Realty, Invesco RE to develop Paramus Crossroads

Commercial real estate partners Advance Realty and Invesco Real Estate have announced they received approval from the borough of Paramus to develop a 40,000-square-foot retail facility along Route 17, Paramus Crossroads.

Goldstein brings Playa Bowls to Montclair, Brick and Millburn

Goldstein Group President Chuck Lanyard recently announced his firm has completed three leases with Playa Bowls, in Montclair, Brick and Millburn. The Belmar chain specializes in smoothies and acai bowls.

The cleanup crew WCD Group handles all aspects of environmental-related issues

The failure to properly identify environmental issues and control costs on the 785-acre EnCap site in the Meadowlands led to the end of a redevelopment plan that was to include luxury homes and a golf course, the bankruptcy of the developer that was planning to do the work, and losses so high to the insurance company that underwrote the project. . .

Spring 2017: Investment Springs Eternal

Table of Contents

• Commercial Advocacy on Capitol Hill - A Note from the President, Bill Brown. 
• One-on-One With NAR's Deputy Chief Lobbyist 
• Three More Key Issues for 2017 
• ... Read More
  
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JLL to market One Newark Center

A joint venture between an affiliate of the Praedium Group and Mack-Cali Realty Corp. has announced it selected JLL to market One Newark Center in the heart of Newark.

Prism taps CW to start marketing at former Roche campus

Prism Capital Partners has announced Cushman Wakefield&#8217s Robert Rudin, Bill Brown and Josh Cohen will market the 116-acre former Hoffmann-La Roche North American headquarters campus in Nutley and Clifton.

Ripco RE to handle leasing at Shops at Edison Village

Bloomfield-based Prism Partners has recently announced it selected Ripco Real Estate to handle retail leasing for the Shops at Edison Village, a mixed-use development under construction in West Orange.

Hampshire Cos. sells flex building in Northvale

Commercial real estate firm The Hampshire Cos. recently announced it completed the sale of an 82,524-square-foot property in Northvale to Trasco Realty.

JJ earns Top 5 rank for diversity

Johnson Johnson led six New Jersey-based companies that earned a spot on the DiversityInc Top 50.

Wound care product company sells N. Bergen property, leases it back

DermaRite, a maker of wound care and nutritional products, has sold its North Bergen property in a sale-leaseback deal, according to broker NAI James E. Hanson.

Accordia Realty Ventures hires three, promotes one

Commercial real estate firm Accordia Realty Ventures recently announced that, as its asset management division grows, it has made the move to hire three new employees, while promoting one to handle the growth of the business.

NAI Global recognizes Scott Mertz

Scott Mertz, the president of Mount Laurel-based NAI Mertz, was recently recognized by NAI Global as the top producer in the firm&#8217s network. Mertz was recognized after having inked over 3. 5 million square feet of space available for sale and lease.

CBRE to market four properties throughout N.J.

Saddle Brook-based commercial real estate firm CBRE recently announced it has been named the exclusive leasing agent for four different properties totaling over 535,000 square feet.

Roseland Residential announces Q1 activity

Mack-Cali Realty Corp. 's multifamily subsidiary, Roseland Residential Trust, recently released its first-quarter activity report, announcing it experienced a pleasant beginning to 2017, and an increase in its leased portfolio.

New law gives Paterson 105M more in tax credits for economic development

The efforts to boost economic development in Paterson got a boost Monday, when a bill dedicating an additional 105 million in tax credits was signed into law.

Alexander Anderson sees opportunity in incubator space

For Eric Anderson, the CEO of Alexander Anderson Real Estate Group, there is an unmet demand for affordable space for entrepreneurs.

Devco donates Scarlet Knight statue to The Yard

The New Brunswick Development Corp. recently held a ceremony at which it donated a Scarlet Knight statue to The Yard College Avenue, a mixed-use development at the foot of the Rutgers University campus.

LeFrak begins leasing at Jersey City's Ellipse

New York City-based LeFrak recently announced it has begun leasing at its latest project in Jersey City, Ellipse. The 41-story luxury rental tower is located in the Newport neighborhood of the city, and is set to include 381 units and over 24,000 square feet of amenity space.

HFF closes office building sale in Somerset County

Florham Park-based Holliday Fenoglio Fowler announced the sale of 1125 U. S. Route 22 on behalf of KBS Realty Advisors to a partnership of Atkins Cos. and Capital Solutions.

Commercial Best Practices at Associations

Share your best practices for serving and engaging the commercial member at your association. Help us create a resource that all associations may use to serve and elevate their commercial membership by completing the form below: 

Browse through the archive list below to see the best practices associations across the country have created to better serve their commercial... Read More

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The music man Grammys' Santelli, born in Newark, hopes bringing museum to city will be boon for entire region

Bob Santelli was born fewer than 10 miles from the Prudential Center in Newark.

NAI Hanson closes sale in Randolph

Commercial real estate firm NAI James E. Hanson recently announced it brokered the sale of a 27,000-square-foot flex building in Randolph.

CW to handle leasing for 535K sq.ft. former Chubb HQ in Warren

Commercial real estate firm Cushman Wakefield recently announced it has been named the exclusive marketing agent for the former Chubb Insurance headquarters in Warren Township.

WCRE inks gym lease in Mount Laurel

Marlton-based Wolf Commercial Real Estate recently announced it represented South Jersey Racquet Center LLC in the leasing and marketing of a 26,000-square-foot flex space in Mount Laurel.

RCM Technologies adds N.Y.-based engineering firm

RCM Technologies Inc. , a Pennsauken-based provider of business and technology solutions, has acquired a Long Island-based engineering firm, it announced recently.