Summer 2017: Empower-Up! Building Opportunities In Your Community & Yourself

Table of Contents

• President's Note: Empower Yourself for Success 
• Advocacy: A Conversation with the Commercial Legislation & Regulatory Advisory Board Chair 
• Research: Inside the Numbers: Economic Output & Small Business Creation 
• ... Read More
  
  from RSS feed for Items tagged 'Commercial' http://ift.tt/2vJ8QGY
  via IFTTT

T-Mobile signs six new leases with Levin

Commercial real estate firm Levin Management Corp. recently announced it has signed six leases with wireless operator T-Mobile across its management portfolio in New Jersey and Pennsylvania.

from NJBIZ - Retail http://ift.tt/2wlvDeN
via IFTTT

Trenton's Roebling Lofts open welcome first residents

Commercial real estate management firm Pennrose announced the first residents have finally moved into the site of the Roebling Wire Works factory redevelopment by HHG Development.

JMF Properties breaks ground on luxury residential community in Plainfield

Plainfield Mayor Adrian Mapp and members of commercial developer JMF Properties recently held a groundbreaking ceremony for the Quin Sleepy Hollow in Plainfield.

Demand for multifamily in North Jersey remains strong in Q3, Marcus Millichap reports

With construction continuing to grow in northern New Jersey, commercial brokerage Marcus Millichap recently reported strong demand for multifamily real estate from both investors and tenants.

Neither rain, nor snow #8230 nor e-commerce With all pieces in place for megamall, developer Triple Five is ready to move full steam ahead on American Dream

For Don Ghermezian, president of Triple Five, the American Dream, and building the third-largest mall in North America, is far less about creating a product for today than one that meets the needs of tomorrow's shopping experience.

Carcich O'Shea opens Hackensack office

Commercial real estate firm Alfred Sanzari Enterprises recently announced it has inked a 2,325-square-foot lease with law firm Carcich O&#8217Shea at Court Plaza South in Hackensack.

TD Bank building is sold in Ramsey

Commercial real estate firm Cushman Wakefield recently announced it has brokered the sale of a 19,707-square-foot office building in Ramsey to a private investor.

Hackensack awards PAC naming rights to Hackensack Meridian Health

The city of Hackensack recently announced it has awarded the naming rights to the city&#8217s new Performing Arts Center to Hackensack Meridian Health.

Pantheon Properties sells industrial property in Northvale

Commercial real estate firm Cushman Wakefield recently announced it organized the sale of a 207,193-square-foot industrial property in Northvale for 12. 1 million.

KC Warehousing inks lease in Secaucus

Commercial real estate firm NAI James E. Hanson recently announced it has brokered a 17,900-square-foot lease at 300 Castle Road in Secaucus to KC Warehousing.

Modern Meadow agrees to move HQ to former Roche campus

Biofabrication firm Modern Meadow recently announced that, after receiving a Grow NJ tax incentive from the New Jersey Economic Development Authority, it has decided to relocate to ON3, the former Hoffmann-La Roche campus in Nutley and Clifton.

Virginia company buying E. Rutherford building products firm for more than 2.6B

East Rutherford-based building products distributor Allied Building Products Corp. will be sold to a Virginia roofing products firm for 2. 625 billion in cash, according to a news release issued Thursday.

Kimmerle Group names second-generation CFO

Harding Township-based architectural firm Kimmerle Group recently announced it has named the son of founder and President George Kimmerle, Robert Kimmerle, as the chief financial officer of the firm.

CBRE refinances assisted living community in Hammonton

Commercial real estate firm CBRE recently announced that, through its FHA lending platform, it has successfully negotiated refinancing for Heritage Assisted Living in Hammonton.

CW secures financing for Paterson distribution center

Commercial real estate firm Cushman Wakefield recently announced it secured 15. 34 million in financing for a joint partnership between Camber Real Estate Partners and Advance Realty for an Interstate 80 distribution center in Paterson.

HFF secures refinancing for industrial building in Clifton

Commercial real estate firm Holliday Fenoglio Fowler recently announced it represented a partnership between Tulfra Real Estate and The Hampshire Cos. in securing refinancing for a 204,000-square-foot industrial building in Clifton.

Nexus Properties, Rowan University open largest phase of Rowan Boulevard development

Glassboro Mayor Leo McCabe was joined Wednesday by state Senate President Steve Sweeney D-West Deptford, Rowan University President Ali Houshmand and Nexus Properties Chief Operating Officer Dante Germano in the opening of the second-to-last phase of the Rowan Boulevard redevelopment in downtown Glassboro.

NAI Hanson brokers four leases in Englewood

Commercial real estate firm NAI James E. Hanson recently announce it brokered several leases of industrial-flex space at the Van Brunt Business Center in Englewood.

Wyndham Worldwide announces spin-off hotel company, leadership changes

Parsippany-based Wyndham Worldwide announced Monday leadership appointments for its new pure-play hotel company.

N.J. city ranked one of the most expensive places to rent an apartment

Personal finance website GOBankingRates recently published a study that ranked a New Jersey city as one of the Top 5 most expensive cities to rent a one-bedroom apartment in the country.

Technology, Inventory and Competition Among Firms’ Top Challenges: Realtors® Survey

WASHINGTON (August 22, 2017) – Keeping up with technology, maintaining sufficient inventory, competition from nontraditional participants and profitability are among the biggest challenges for real estate firms,  according to the National Association of Realtors® 2017 Profile of Real Estate Firms.

Conversely, for a third year in a row, the survey found the vast majority of firms have an optimistic outlook for the future of the industry’s growth. Although expectations have slightly... Read More

from RSS feed for Items tagged 'Commercial' http://ift.tt/2x95zSB
via IFTTT

Hanover Crossroads reaches full occupancy

After having completed three leases at Hanover Crossroads, commercial real estate firm Key Properties announced its 107,000-square-foot retail center in Cedar Knolls has reached full occupancy. The firm added Old Navy, IHOP and an Italian restaurant to the center.

Levin to construct, manage, lease retail center in Union

Levin Management Corp. recently announced it has been retained to construct, manage and lease a new 19,500-square-foot retail center located Union.

Hudson Lights reaches 75 percent leased

Developers Tucker Development Corp. and Kushner Real Estate recently announce their joint-venture Hudson Lights in Fort Lee has reached 75 percent occupancy after 10 months since the company began leasing.

Mediterranean restaurant CAVA to open in Bridgwater

CAVA, a Mediterranean culinary brand, announced Monday it will open its first fast-casual restaurant in Bridgewater, adding to its existing spot in Jersey City.

Hibiscus Express Island Grill to open in East Hanover

Commercial real estate firm Ripco Real Estate recently announced Morristown&#8217s Hibiscus Express is set to expand its footprint with a new location on Route 10 in East Hanover.

Eastman Companies reports strong leasing

Livingston-based commercial real estate firm Eastman Companies recently announced it saw over 30 transactions totaling 120,000 square feet of new leases and renewals during the first half of 2017.

The Bloom Organization sells office in Mount Laurel

Commercial real estate firm Colliers International recently announced it brokered the sale of a 106,000-square-foot industrial building in Mount Laurel.

West Orange apartment complex sells for 40.5M

Commercial real estate firm Gebroe-Hammer Associates recently announced it completed the sale of a 178-unit apartment complex in West Orange.

Blau Berg completes two industrial sales in Newark

Commercial real estate brokerage the Blau Berg Co. recently announced it brokered the sale of two industrial properties in Newark to Terreno Realty Corp.

Beavex inks lease in East Rutherford

Commercial real estate firm NAI James E. Hanson announced it has brokered the leasing of 24,488 square feet at 343 Murray Hill Parkway in East Rutherford.

Bussel, CBRE broker industrial sale in Middlesex

Commercial real estate firm Bussel Realty Corp. recently announced it has arranged the sale of an industrial asset located at 930 Lincoln Blvd. , Middlesex.

Weichert Commercial Brokerage announces new VP

Commercial real estate brokerage firm Weichert Commercial Brokerage recently announced Faith Miller has joined the firm&#8217s Edison office to serve as vice president.

Century 21 Real Estate names new CEO, president

Madison-based Century 21 Real Estate LLC announced Wednesday that Nick Bailey has been named CEO and president.

Bob's Discount Furniture to open first store at Greenleaf in Union

Commercial real estate firm CBRE recently announced Bob&#8217s Discount Furniture, the co-anchor of the Greenleaf at Union shopping center, is set to open Aug. 31.

from NJBIZ - Retail http://ift.tt/2fKzUTn
via IFTTT

Bob's Discount Furniture to open first store at Greenleaf in Union

Commercial real estate firm CBRE recently announced Bob&#8217s Discount Furniture, the co-anchor of the Greenleaf at Union shopping center, is set to open Aug. 31.

House of Wine Liquor adds location in Woodbridge

Commercial real estate firm Levin Management Corp. recently announced it has brokered a 5,500-square-foot lease for House of Wine amp Liquor at St. Georges Crossing in Woodbridge.

House of Wine Liquor adds location in Woodbridge

Commercial real estate firm Levin Management Corp. recently announced it has brokered a 5,500-square-foot lease for House of Wine amp Liquor at St. Georges Crossing in Woodbridge.

from NJBIZ - Retail http://ift.tt/2wQdWSV
via IFTTT

Camber, Advance acquire distribution center in Paterson

A joint venture between real estate firms Camber Real Estate Partners and Advance Realty recently announced it has acquired a 254,000-square-foot industrial facility in Paterson immediately off of I-80.

Accenture opens innovation center in Florham Park, responding to client demand

It's safe to say that any company willing to invest 1. 4 billion and hire 15,000 employees in innovation centers over the next three years holds business evolution in high regard.

Hartz Mountain, Cummins complete industrial facility at former Harrison Avenue Landfill

Commercial real estate firm Hartz Mountain Industries and engine and power product manufacturer Cummins Inc. recently announced the completion of a 57,000-square-foot training, sales and repair facility at the former Harrison Avenue Landfill in Kearny.

SKIDATA relocates U.S. HQ to New Brunswick

In an effort to remain close to its clients and better understand their needs, access solution and visitor management software firm SKIDATA recently announced it has relocated its U. S. headquarters from Hillsborough to 120 Albany St. , New Brunswick.

Law firm announces new head of real estate practice

Law firm Porzio, Bromberg Newman PC recently announced it has hired Joseph Paparo as a principal to lead its real estate practice group.

Cervelli sells 3 mixed-use properties in Union City for 2.9M

Commercial real estate firm Cervelli Real Estate Property Management recently announced the sale of three mixed-use properties along Summit Avenue in Union City.

Marcus Millichap complete 2.1M sale in Pleasantville

Commercial real estate firm Marcus Millichap recently announced it has completed the sale of an 8,060-square-foot Family Dollar in Pleasantville for 2. 1 million.

Larken Associates acquires office in Branchburg

Commercial real estate firm Larken Associates recently announced it completed the purchase of a two-story, 90,000-square-foot Class B office building in Branchburg.

Spirit Halloween to hire 30,000 employees this season

Egg Harbor Township-based seasonal retailer Spirit Halloween announced Monday that it plans to hire 30,000 employees for its retail and online operations this upcoming season.

from NJBIZ - Retail http://ift.tt/2wXkMVK
via IFTTT

Levin adds pet supply retailer to Warren Plaza

At the 61,000-square-foot Warren Plaza in Washington, commercial real estate firm Levin Management Corp. recently announced it brokered a 4,400-square-foot lease for Cherrybrook Premium Pet Supplies.

Serena Lily to open design shop in Summit

Lifestyle and home decor brand Serena Lily recently announced it has plans to open its sixth retail location in the state, in Summit.

Levin adds pet supply retailer to Warren Plaza

At the 61,000-square-foot Warren Plaza in Washington, commercial real estate firm Levin Management Corp. recently announced it brokered a 4,400-square-foot lease for Cherrybrook Premium Pet Supplies.

from NJBIZ - Retail http://ift.tt/2hRNkNY
via IFTTT

Serena Lily to open design shop in Summit

Lifestyle and home decor brand Serena Lily recently announced it has plans to open its sixth retail location in the state, in Summit.

from NJBIZ - Retail http://ift.tt/2fyGoVa
via IFTTT

SIOR awards largest office sale to NAI Hanson exec

Commercial real estate firm NAI James E. Hanson recently announced that Scott Perkins, the firm&#8217s managing director, was awarded the 2016 Largest Office Sale Award by the New Jersey Chapter of the Society of Industrial and Office Realtors.

Specialty food e-tailer adds CTO

Yummy Bazaar, a Cinnaminson-based e-commerce company, has named a former Quidsi executive as its new chief technology officer, it announced.

from NJBIZ - Retail http://ift.tt/2wAZMoy
via IFTTT

Kidz Village inks lease in Jersey City

Commercial real estate firm Levin Management Corp. recently announced it has arranged a 14,000-square-foot lease with Kidz Village at Twin City Shopping Center in Jersey City.

Gebroe-Hammer sells retail centers in Wayne, Waldwick

Commercial real estate firm Gebroe-Hammer Associates recently announced it brokered the sale of two retail centers totaling 116,500 square feet in Wayne and Waldwick.

from NJBIZ - Retail http://ift.tt/2utL3Kx
via IFTTT

Kislak brokers sale of 119 units in East Orange

Commercial real estate firm The Kislak Co. recently announced the sale of Gaia Grand and Gaia Renaissance in East Orange.

Gebroe-Hammer sells retail centers in Wayne, Waldwick

Commercial real estate firm Gebroe-Hammer Associates recently announced it brokered the sale of two retail centers totaling 116,500 square feet in Wayne and Waldwick.

Alma Realty buys two office assets in Secaucus for 21M

Commercial real estate firm CBRE recently announced it worked alongside Rialto Capital in the sale of two office buildings totaling 212,666 square feet in Secaucus for 21 million.

Toys R Us names EVP, U.S. marketplace operations

Toys R Us Inc. , the Wayne-based toy retailer, announced Wednesday that Mark Johnson has been named executive vice president, U. S. marketplace operations, effective immediately.

from NJBIZ - Retail http://ift.tt/2wLkBNo
via IFTTT

Meadowlands YMCA proof that Super Bowl will benefit region for decades

The NYC Metro Region may have hosted Super Bowl XLVIII three years ago, but the new Meadowlands Area YMCA is proof that its legacy will benefit the region for generations to come.

Hurricane BTW restaurant announces first N.J. location

Commercial real estate firm Ripco Real Estate recently announced that it brokered a lease for Hurricane BTW to open its first location in the state, in Woodland Park.

The Goldstein Group launches urban market service arm

Commercial real estate firm The Goldstein Group recently announced it has selected Scott Edlitz to lead a new division of the firm specializing in urban retail and advisory services, TGG Urban.

Wyndham Worldwide brand RCI to acquire DAE

Parsippany-based RCI, part of the Wyndham Worldwide brands, announced it has acquire DAE Global Pty Ltd. , operator of Dial An Exchange, an Australia-based timeshare exchange company, and Work International, a software company also in Australia.

MonGroup willing to pay the price to make its new project 'green'

For MonGroup CEO and President Dean Mon, creating a name in sustainable urban development is not only a way for his firm to stand out, but a way to give back to both its clients and the communities he and his firm have been welcomed to.

Advance Realty, DeBartolo to redevelop Ledgewood Mall

A partnership between Advance Realty and DeBartolo Development was recently approved to develop The Shops at Ledgewood Commons along Route 10 in Roxbury, replacing the struggling Ledgewood Mall with a diversified retail and dining complex.

Advance Realty, DeBartolo to redevelop Ledgewood Mall

A partnership between Advance Realty and DeBartolo Development was recently approved to develop The Shops at Ledgewood Commons along Route 10 in Roxbury, replacing the struggling Ledgewood Mall with a diversified retail and dining complex.

from NJBIZ - Retail http://ift.tt/2fpKfUn
via IFTTT

Huron Valley Financial inks lase in Parsippany

Commercial real estate firm NAI Hanson recently announced it brokered a lease for 3,337 square feet of Class A office space between Micro Strategies, Genelle II LLC and Huron Valley Financial at Boulevard Commons Office Center.

Bergman Group inks 13 leases, 17 renewals in Lyndhurst

Commercial real estate firm Bergman Real Estate Group recently announced that since acquiring 1099 Wall St. West in Lyndhurst, the firm has completed 13 new leases and 17 renewals, raising the occupancy from 50 percent to 75 percent in 15 months.

Wawa sells former store in Ocean View

Commercial real estate firm The Goldstein Group recently announced it has brokered the sale of a 4,000-square-foot retail property in Ocean View.

Wawa sells former store in Ocean View

Commercial real estate firm The Goldstein Group recently announced it has brokered the sale of a 4,000-square-foot retail property in Ocean View.

from NJBIZ - Retail http://ift.tt/2uhjwfl
via IFTTT

Commercial Real Estate Alert: Visual Story

The data in this visual presentation comes from the 2017 Commercial Real Estate Alert report. 

More Information

• Watch this visual story in full screen.

• Read the report.

from RSS feed for Items tagged 'Commercial' http://ift.tt/2uhCQcz
via IFTTT

Urstadt Biddle trades mixed-use property in Bergen County

Commercial real estate firm Cushman Wakefield recently announced it has arranged the sale of a controlling equity interest of a grocery-anchored mixed-use property, Washington Commons, in Dumont.

Transwestern to manage 4.5M sq. ft. for Griffin Capital

Commercial real estate Transwestern recently announced Griffin Capital has chosen to expand the firm&#8217s management service assignment to encompass more than 4. 5 million square feet of office and industrial space.

Weiss Realty completes officeflex building sale in Pine Brook

Matthew Weiss of Moonachie-based Weiss Realty recently announced he and his firm brokered the sale of a 130,180-square-foot officeflex building in Pine Brook.

Urstadt Biddle trades mixed-use property in Bergen County

Commercial real estate firm Cushman Wakefield recently announced it has arranged the sale of a controlling equity interest of a grocery-anchored mixed-use property, Washington Commons, in Dumont.

from NJBIZ - Retail http://ift.tt/2ffBLz0
via IFTTT

Instant Reaction: July Jobs Report

Employment gains in restaurants, professional services, and health care translates into continued demand for commercial office space. 

from RSS feed for Items tagged 'Commercial' http://ift.tt/2ffw2JJ
via IFTTT

Monmouth Real Estate acquires industrial building for 40.6M

Freehold-based real estate investment trust Monmouth Real Estate Investment Corp. announced Thursday it has acquired an industrial building in Concord, North Carolina, for 40. 6 million.

Bed Bath Beyond announces restructuring to eliminate 880 jobs nationwide

Union-based Bed Bath Beyond Inc. announced Thursday it plans to realign its store management structure by eliminating approximately 880 jobs.

from NJBIZ - Retail http://ift.tt/2hu22KS
via IFTTT

CPC closes 4.5 million in loans for Hoboken multifamily buildings

The Community Preservation Corp. recently announced it closed two permanent loans under the Freddie Mac Small Loan program. The firm said the loans were used to acquire two multifamily buildings on Madison Street, Hoboken.

CBRE announces project management team promotion

Commercial real estate firm CBRE recently announced it has promoted Eric Wagner to leader of the New Jersey Project management team for the firm.

Saxum acquires two buildings in downtown Summit

Commercial real estate firm Saxum Real Estate recently announced it has acquired two adjoining properties in downtown Summit, located at 367 Springfield Ave. and 40 Beechwood Ave.

N.Y. REIT acquires first South Jersey property

West Hempstead, New York-based real estate investment trust GTJ recently announced it has acquired a 109,700-square-foot property in Cherry Hill currently serving as Avalon Flooring&#8217s training and distribution facility for New Jersey, Pennsylvania and Delaware.

Wyndham splitting into hotel, timeshare companies hotel business staying in Parsippany

The Parsippany-based hospitality company Wyndham Worldwide is splitting itself into two publicly traded businesses, spinning off its hotel unit into a new pure-play firm, it announced.

ascena retail group consolidates leadership team

Mahwah-based ascena retail group inc. announced it has consolidated its leadership team as part of its effort to grow the company by enhance company culture and creating more shareholder value.

from NJBIZ - Retail http://ift.tt/2uZvBH8
via IFTTT

Damascus Bakeries leases 204K sq.ft. in Clifton

Commercial real estate firms Tulfra Real Estate and The Hampshire Cos. recently announced they have fully leased a 204,000-square-foot property in Clifton to Brooklyn-based Damascus Bakeries.

Mountain Development to renovate Woodland Park office building

Commercial real estate firm Mountain Development Corp. recently announced extensive renovation plans for its 101,880-square-foot office property located at 5 Garret Mountain Plaza.

The Biber Partnership to relocate in Summit

Commercial real estate firm NAI James E. Hanson recently announced it represented landlord Lindabury, McCormick, Estabrook Cooper P. C. , in the Biber Partnership&#8217s leasing of 2,375 square feet at 480 Morris Ave. , Summit.

Lowenstein Sandler opens new office in Roseland

Shortly after upgrading and expanding its Midtown Manhattan office, the law firm Lowenstein Sandler LLP announced it has officially opened its New Jersey office and become the anchor tenant at One Lowenstein Drive, Roseland.

2017 NAR Commercial Member Profile

Download (PNG 3.12MB)

This infographic highlights findings from the 2017 NAR Commercial Member Profile. 

More Information:

• See the report

• ... Read More
  
  from RSS feed for Items tagged 'Commercial' http://ift.tt/2w6clYC
  via IFTTT

Realtors® Report Finds 11 Percent Increase in Commercial Member Income, 19 Percent Increase in Sales Transaction Volume

WASHINGTON (August 2, 2017) – Commercial real estate markets continue to improve, with Realtors® specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors® 2017 Commercial Member Profile.

The annual study's results represent Realtors®, members of NAR, who conduct all or part of their business in commercial sales, leasing, brokerage and development for land, office and... Read More

from RSS feed for Items tagged 'Commercial' http://ift.tt/2votwHa
via IFTTT

Real estate experts discuss future of Jersey City at Bisnow panels

Real estate experts addressed the current state of the Jersey City market, and its outlook for potential growth, in a series of panels recently held by Bisnow at Liberty State Park.

Lotus Equity announces Newark Bears Stadium redevelopment architects

Four architectural firms have been chosen by developer Lotus Equity Group to take on its Newark Bears Stadium redevelopment project.

Rutgers' Center for Real Estate announces 2017 advisory board, emerging leaders council

The Center for Real Estate at Rutgers Business School recently announced its 2017 advisory board and emerging leaders council.