Monday, July 31, 2017

Equity Real Estate wraps up sale in Paramus

Commercial real estate brokerage firm Equity Real Estate recently announced it completed the sale of a 38,500-square foot property in Paramus.

Gebroe-Hammer completes 10M sale in Brick

Commercial real estate firm Gebroe-Hammer Associates recently announced it completed the sale of Olympic Village, in Brick, for 10. 1 million.

Wok to Walk opens second location in New Jersey

Commercial real estate firm Ripco Real Estate recently announced it negotiated a lease in Hoboken for Wok to Walk to open its second location in New Jersey.

Sunday, July 30, 2017

Glory days restored Developers, officials hope to return Bergen County city of Hackensack to past success through mixed-use projects

For Heritage Capital Principal Jeff Greenberg, being a part of revitalization of downtown Hackensack combines the opportunity of a market ready to boom and the history of the city.

Looking long term It may seem trendy to build in Jersey City, but recent development is culmination of years of interest from builders with high hopes

When we hear about Jersey City nowadays, we often hear about it in the form of a groundbreaking or a ribbon-cutting ceremony. The city has seen rapid growth in the last decade and shows no signs of slowing down.

Friday, July 28, 2017

Destination Maternity, French company call off merger plan

Moorestown-based retailer Destination Maternity and the European company Orchestra-Premaman S. A. have called off a merger announced in December, the two said Thursday.

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WinnCompanies announces 18.7M rehab of Bridgeton affordable housing property

After announcing in March its purchase of Bridgeton Villas, a 156-unit affordable housing community in Bridgeton, developer WinnCompanies recently broke ground on an 18. 7 million rehabilitation initiative.

CBRE brokers 16.7M office sale in Roseland

Commercial real estate firm CBRE recently announced it has brokered the sale of a 281,762-square-foot property at the 280 Corporate Center Business Park, just off of Exit 5 of Interstate 280.

Sanzari announces lease renewals in Hackensack, Teaneck

Commercial real estate firm Alfred Sanzari Enterprises announced eight firms have agreed to lease renewals at Court Plaza South in Hackensack and Glenpointe in Teaneck. The firm said it has seen 40,300 and 20,000 square feet worth of renewals, respectively, at its properties.

Marcus Millichap completes sale in Bayonne

Commercial real estate firm Marcus Millichap recently announced it brokered the sale of a 5,600-square-foot retail property in Bayonne for 1. 075 million.

Marcus Millichap completes sale in Bayonne

Commercial real estate firm Marcus Millichap recently announced it brokered the sale of a 5,600-square-foot retail property in Bayonne for 1. 075 million.

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Cheeburger Cheeburger inks lease at retail center in Howell

Commercial real estate firm Levin Management recently announced it brokered the leasing of 3,400 square feet at Aldrich Plaza, allowing Cheeburger Cheeburger to relocate to Howell.

Cheeburger Cheeburger inks lease at retail center in Howell

Commercial real estate firm Levin Management recently announced it brokered the leasing of 3,400 square feet at Aldrich Plaza, allowing Cheeburger Cheeburger to relocate to Howell.

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Wednesday, July 26, 2017

Boston Properties acquires Princeton office building for 15.8M

Commercial real estate firm Cushman Wakefield recently announced it arranged the sale of a 96,000-square-foot Class A office building at 103 Carnegie Center Drive, Princeton.

Camden County Improvement Authority pays 13.9M for 102K sq.ft. building

The Camden County Improvement Authority recently announced it has purchased a 102,000-square-foot building along Camden&#8217s &#8220eds and meds&#8221 corridor.

Sitar announces Q2 transactions

Iselin-based commercial real estate firm Sitar Realty Co. recently announced its second-quarter transactions.

Tuesday, July 25, 2017

CW sees bright future for N.J.'s industrial market, thanks to e-commerce and retail

E-commerce and last-mile delivery were the themes for the New Jersey industrial real estate market at Cushman Wakefield&#8217s midyear overview and outlook event this year.

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CW sees bright future for N.J.'s industrial market, thanks to e-commerce and retail

E-commerce and last-mile delivery were the themes for the New Jersey industrial real estate market at Cushman Wakefield&#8217s midyear overview and outlook event this year.

Malls, office parks are not obsolete if owners are clever, real estate firms say

While the public is sometimes led to believe that malls will soon become obsolete, the repurposing of malls has and continues to show it is a viable option for owners, commercial real estate firm Transwestern said in a recent report.

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Malls, office parks are not obsolete if owners are clever, real estate firms say

While the public is sometimes led to believe that malls will soon become obsolete, the repurposing of malls has and continues to show it is a viable option for owners, commercial real estate firm Transwestern said in a recent report.

Retail availability grows in Q2, Colliers report says

In a recently published second-quarter retail report for northern and central New Jersey, commercial real estate firm Colliers International said the regions saw a combined 543,128 square feet of negative net absorption.

Haz International inks lease in Edison

Commercial real estate firm Bussel Realty Corp. recently announced it has negotiated a 10,608-square-foot lease on behalf of Haz International at 60 Campus Drive, Edison.

HFF brokers sale of The Addison in Newark

Commercial real estate firm Holliday Fenoglio Fowler recently announced it has brokered the sale of a 15-story, 219-unit apartment complex in Newark on behalf of Azure Partners.

Monday, July 24, 2017

WCRE represents CFFS in purchase of new HQ in Voorhees

Wolf Commercial Real Estate announced Friday it has represented Center for Family Services in the purchase of an office property in Voorhees.

Sunday, July 23, 2017

The process of innovation Sixers' Camden incubator opens doors with first four tech startup companies

Perhaps it was only fitting that, when a professional sports team decided to create an incubator and innovator space, it would scan the college circuit for some of the top prospects in the entrepreneurial game.

Friday, July 21, 2017

Developers break ground for Hoboken condo project

A joint venture between Derby Consulting and Crimson Capital recently held a groundbreaking ceremony for a 15-unit condo project at 722 Jefferson St. , Hoboken.

NAI Hanson brokers sale of former Cherokee Trading Post in Budd Lake

Commercial real estate firm NAI James E. Hanson recently announced it has brokered the sale of the former Cherokee Trading Post in Budd Lake.

NAI Hanson brokers sale of former Cherokee Trading Post in Budd Lake

Commercial real estate firm NAI James E. Hanson recently announced it has brokered the sale of the former Cherokee Trading Post in Budd Lake.

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Netta Architects completes sport venue renovation in Roselle

A team of Mar-Bridge Enterprises and architectural firm Netta Architects recently announced the completion of a 7 million renovation and modernization program at the Warinanco Park Skating Rink to create a year-round venue.

Thursday, July 20, 2017

HFF sells waterfront site in Edgewater

Commercial real estate firm Holliday Fenoglio Fowler recently announced it closed the sale of a 1. 73-acre site along the Hudson River in Edgewater.

CBRE completes 115M sale of 500 Plaza Drive tower in Secaucus

CBRE Institutional Properties recently announced it brokered the 115 million sale of 500 Plaza Drive, Secaucus, on behalf of a venture between Marcus Partners and a global institutional partner.

Wednesday, July 19, 2017

Famous Footwear joins Hanover Crossroads

Commercial real estate firm Key Properties recently announced it has negotiated a 7,000-square-foot lease for Famous Footwear to join Hanover Crossroads, its shopping center currently under development in Cedar Knolls.

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Trademark Management inks lease in Wall Township

Commercial real estate firm Sheldon Gross Realty recently announced it brokered a lease for Trademark Management Group.

Famous Footwear joins Hanover Crossroads

Commercial real estate firm Key Properties recently announced it has negotiated a 7,000-square-foot lease for Famous Footwear to join Hanover Crossroads, its shopping center currently under development in Cedar Knolls.

Brooklyn fire, security systems seller moves to Ridgefield Park

A Brooklyn fire and security systems business is moving from Brooklyn to Ridgefield Park, where it purchased a 4,500-square-foot property.

Tuesday, July 18, 2017

NJBIZ announces Forty Under 40 for 2017

NJBIZ has revealed the 2017 winners of one of its most popular awards the Forty Under 40. These up-and-coming stars of the New Jersey business community have achieved professional excellence at a young age, representing the future of their industries and the state as a whole.

Target, Federal Realty break ground for 'new' concept in Parsippany

The official groundbreaking of the small-format Target store in Parsippany's Troy Hills Shopping Center marked a significant step for the retailer and its footprint in New Jersey a move from traditional stores and a relatively new focus on high-density urban centers.

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Simone Development acquires first medical asset in N.J.

Medical developer Simone Development Cos. recently announced it has made its first move into northern New Jersey with the acquisition of a 62,000-square-foot medical office building near Hackensack University Medical Center.

Target, Federal Realty break ground for 'new' concept in Parsippany

The official groundbreaking of the small-format Target store in Parsippany's Troy Hills Shopping Center marked a significant step for the retailer and its footprint in New Jersey a move from traditional stores and a relatively new focus on high-density urban centers.

Monday, July 17, 2017

HFF closes 73M, 439-unit sale in Plainsboro

Commercial real estate firm Holliday Fenoglio Fowler recently announced it represented Harbor Group International in a 73. 25 million sale of The Addison at Princeton Meadows in Plainsboro to a private buyer.

LAN Associates expands Midland Park HQ

Design and engineering services firm LAN Associates recently announced it has expanded its New Jersey office in Midland Park by 3,000 square feet and expanded its staff by adding 10 new members.

Sunday, July 16, 2017

Chinese developers announce first project in Jersey DMG Investments to bring condos to Cliffside Park

For Jacky He, the executive vice president of DMG Investments, developing condominiums in Cliffside Park was largely influenced by the borough&#8217s similarity to his home in China.

The ties that bind At Hopewell's distinctive retailer Twine, owner's sense of community makes perfect business sense in the Amazon era

Amid a most unusual collection of items &#8212 everything from a bowl of Scrabble tiles, crazy socks, hard-to-find books and candy, vintage furniture and every craft item you can imagine &#8212 is a most unusual sign.

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Friday, July 14, 2017

Q2 shows positive signs for S. Jersey office market, WCRE says

In its latest southern New Jersey quarterly market analysis, commercial real estate firm Wolf Commercial Real Estate reported a 24 percent increase in lease executions and a rise in sales volume worth 46. 1 million during the second quarter of 2017.

Marcus Millichap sells retail in West Milford

Commercial real estate firm Marcus Millichap recently announced the sale of a 12,350-square-foot property in West Milford to a private investor in a 1031 exchange.

Construction industry adds 16K jobs in June, builders group says

Overall construction employment expanded 3. 1 percent in June in a year-over-year basis, adding 16,000 jobs nationally in the process, according to an analysis of data from the U. S. Bureau of Labor Statistics by the Associated Builders Contractors.

CW named marketing agent in Wayne, leasing agent in Bridgewater

Commercial real estate firm Cushman amp Wakefield recently announce it has been selected as the exclusive leasing agent for a 198,376-square-foot Class A office property in Bridgewater.

Louis Berger names COO to new role as president of international operations

Morristown-based professional services corporation Louis Berger has named a new president for its international division, it announced recently.

Thursday, July 13, 2017

Hartz Mountain breaks ground for Whole Foods in Weehawken

Weehawken Mayor Richard Turner and Hartz Mountain Industries principals recently held a ceremony commemorating the official start of construction on a 32,949-square-foot Whole Foods on the Weehawken waterfront.

Gebroe-Hammer announces 181.4M in June sales in N.J., Pa.

Commercial real estate firm Gebroe-Hammer Associates recently announced it has brokered 181. 42 million in sales in New Jersey and Pennsylvania for the month of June, in a combined 16 transactions comprising 1,290 units.

Colliers to manage leasing of Stockton Aviation research park

Commercial real estate firm Colliers International recently announced it has been selected as the exclusive leasing agent for the Stockton Aviation Research and Technology Park in Mount Laurel.

Kislak makes biggest apartment sale in Salem County history

Commercial real estate firm Kislak Co. recently announced it has negotiated the sale of three properties totaling 313 residential units and 50,400 square feet of retail space for 23. 05 million.

Wednesday, July 12, 2017

Hampshire, Claremont, Circle Squared Alternative open community in Westfield

A joint venture by The Hampshire Cos. and Claremont Cos. and investment adviser Circle Squared Alternative Investments recently held a ribbon-cutting ceremony at 333 Central Ave. , Westfield.

Industrial real estate market showed no signs of slowing down in Q2, CW says

The second quarter of 2017 was the 18th consecutive quarter of positive net absorption, according to a recent industrial report on the northern and central New Jersey markets by commercial real estate firm Cushman Wakefield.

Tuesday, July 11, 2017

Onyx, Rubenstein, Russo sell assets in Basking Ridge, Woodbridge

As part of a short-term, value-add operation, Onyx Equities and Rubenstein Partners recently announced the sale of a 307,000-square-foot asset in Basking Ridge. Meanwhile, in Woodbridge, Onyx partnered with Russo Development in the sale of a former Hess building.

Demand for Class A office yields positive absorption in North, Central Jersey, JLL says

The northern and central regions of the state saw improvements in their respective office markets in the second quarter, particularly for Class A product, commercial real estate firm JLL reported.

Transwestern and its rec tenants are finding value in industrial spaces

When Lefika Ragontse sought to open its second squash club in the U. S. , and the first one in New Jersey, it worked alongside Transwestern&#8217s managing director, Jeffrey Furey, who has grown to specialize in placing recreational tenants in industrial spaces.

Monday, July 10, 2017

Safilo relocates its North American HQ to Secaucus

Safilo, an Italian eyewear creator, manufacturer and distributor, announced Monday it has relocated its North American headquarters from Parsippany to Secaucus.

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Floor Decor opens in Paramus

Commercial real estate firm The Goldstein Group announced it has negotiated a lease for 62,000 square feet at a former Sports Authority retail facility in Paramus for Floor amp Decor.

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Colliers closes 2.7M sale in Burlington

Commercial real estate firm Colliers International recently announced it has brokered the sale of a 40,500-square-foot industrial building in Burlington for 2. 7 million.

Newmark Associates brokers sales in Dover, Clifton

Commercial real estate firm Newmark Associates recently announced it has completed 9 million in sales of two industrial properties in Morris and Passaic counties.

Floor Decor opens in Paramus

Commercial real estate firm The Goldstein Group announced it has negotiated a lease for 62,000 square feet at a former Sports Authority retail facility in Paramus for Floor amp Decor.

Friday, July 7, 2017

Transwestern names N.J. director of operations

Commercial real estate firm Transwestern has announced Lisa Addeo has joined the firm and will serve as the director of operations for the firm&#8217s New Jersey office.

WCRE completes sale of school building in Westampton

Commercial real estate firm Wolf Commercial Real Estate recently announced it has completed the sale of the former Friends Academy of Westampton to The Benjamin Banneker Preparatory Charter School.

Marcus Millichap completes 2.2M sale in Guttenberg

Commercial real estate brokerage Marcus Millichap recently announced it had completed a 2. 2 million sale of two multifamily buildings, totaling 16 units, in Guttenberg.

Thursday, July 6, 2017

Rockefeller completes 57M deal for 228 acres in Piscataway 2.4M sq.ft. of logistics space planned

Commercial real estate firms Lincoln Equities Group and Real Capital solutions recently announced the sale of a 228-acre site in Piscataway to Rockefeller Group for 57 million.

Bijou, Intercontinental break ground in Hoboken

Development firms Bijou Properties and Intercontinental Real Estate Corp. recently announced they broke ground at the site of their 424-unit and 6,835-square-foot public gymnasium in Hoboken.

Wednesday, July 5, 2017

Marcus Millichap completes sale in Bound Brook

Commercial real estate firm Marcus Millichap recently announced it completed the sale of an 8,400-square-foot retail property in Bound Brook for 3. 15 million.

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NAI Hanson brokers office building sale in Maplewood

Commercial real estate firm NAI James E. Hanson recently announced it has successfully negotiated a sale of an 11,500-square-foot office property at 2115 Millburn Ave. , Maplewood.

Marcus Millichap completes sale in Bound Brook

Commercial real estate firm Marcus Millichap recently announced it completed the sale of an 8,400-square-foot retail property in Bound Brook for 3. 15 million.

Capodagli awarded key to Dover at long-awaited groundbreaking

Dover Mayor James Dodd and members of his administration joined George Capodagli and the Capodagli Property Co. last week to commemorate the start of construction of the Meridia Transit Plaza, a 57 million project in the heart of Dover.

Can small apartments fill big need? Nest Micro Apartments to bring affordable living to costly Jersey City

With thousands of units seemingly going up every quarter, one wouldn't necessarily think booming Jersey City has a housing problem.