Tuesday, October 31, 2017
Study NJ city named best small city in the country
A New Jersey city has been named the best small city based on its affordability, economic health, education and personal health, quality of life and safety, according to financial advising website WalletHub. com.
Coming to terms With American Dream, others move development forward, MRC thinks it's time to adopt a new regional plan
For Jim Kirkos, president and CEO of the Meadowlands Regional Chamber, the last decade has not exactly been the best.
Monday, October 30, 2017
Marcus Millichap announce sale of Class B office building in Palisades Park
Marcus Millichap announced the sale of a 20,000-square foot Class B office building in Palisades Park, according to Brian C. Hosey, regional manager of the firm's New Jersey office.
Post Brothers completes 166M purchase in North Bergen
LWH Urban Renewal LLC recently completed the sale of The Dutchess in North Bergen to Philadelphia-firm Post Brothers, brokerage firm Gebroe-Hammer Associates announced Monday.
Hair Club completes signs lease in Marlton
Brokerage firm Wolf Commercial Real Estate recently announced it brokered the renewal and expansion of a 5,150-square-foot lease at Two Greentree Center in Marlton.
Friday, October 27, 2017
Perth Amboy retail property sold for 2.6 million
Marcus Millichap announced recently the sale of a retail property in Perth Amboy for 2. 6 million, according to Brian C. Hosey, regional manager of the firm's New Jersey office.
HFF announces 14.5 million refinancing of Princeton property
Holliday Fenoglio Fowler L. P. announced recently the 14. 5 million refinancing for 1 Independence Way, a 113,998-square-foot office property in Princeton.
Thursday, October 26, 2017
Steinbridge Group announces urban single family investment strategy
New York-based private investment firm Steinbridge Group announced Thursday plans to focus its 425 million fund in acquisitions and refurbishments of single-family and small multifamily residences in urban markets throughout northern New Jersey, New York City's outer boroughs, Baltimore and Chicago, to name a few.
ACME center sells in Manasquan
Levin Management Corp. recently announced it served as the advisor in the sale of a 19,000-square-foot ACME shopping center in Manasquan.
Wednesday, October 25, 2017
Dermody Properties names SVP of capital deployment
Dermody Properties, a real estate investment, development and management company, announced recently it has appointed Robert Borny its new senior vice president of capital deployment, East Region.
Marcus Millichap complete industrial property sale in New York
Marcus Millichap announced the 2. 83 million sale of an industrial property in Mount Vernon, New York, according to Brian C. Hosey, regional manager of the firm's New Jersey office.
Life science firms complete purchases in Piscataway, Somerset
Brokerage firm Cushman Wakefield recently announced it has represented two life science firms in the purchase of two industrial properties along the Interstate 287 corridor in both Piscataway and Somerset.
Tuesday, October 24, 2017
OSHA proposes 180,000 penalty for Moonachie hair company
The U. S. Department of Labor’s Occupational Safety and Health Administration proposed a 181,280 penalty to Mane Concept for a variety of violations.
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Marcus Millichap announce sale of plaza in North Plainfield
Marcus Millichap announced the sale of Grove Plaza, a 19,845-square foot retail property in North Plainfield for 1. 9 million, according to Brian C. Hosey, regional manager of the firm's New Jersey office.
Damon Rich talks MacArthur Fellowship, Newark, future urban planning
When it comes to the future of city design and real estate investment, Damon Rich of Hector Design thinks conversations by all stakeholders need to be facilitated.
Rutgers Center for Real Estate adds executive committee member
The Center for Real Estate at Rutgers University recently announced it has appointed Anne Babineau of Wilentz Goldman Spitzer to the executive committee of its advisory board.
Realogy announces leadership succession strategy
After having served as chairman and CEO of Realogy for 21 years, the firm has announced Richard Smith is set to retire at the end of this year.
Execs talk tech, millennials and collaboration at NRP forum
Creating centers for collaboration and the effect of technology in the workplace were the main themes of the Newark Regional Business Partnership’s 2018 Economic Outlook forum held last week.
Monday, October 23, 2017
Marcus Millichap complete sale of 1.22 apartment building
Marcus Millichap announced recently the sale of a multifamily property in West New York for 1. 22 million, according to Brian C. Hosey, regional manager of the firm's New Jersey office.
Sunday, October 22, 2017
The road to Union It took time for Russo to clear the path for development of the former Merck site in Union Township
When Russo Development first sought to purchase the 55-acre site across the street from Kean University in 2014, the school balked, claiming it had secured right of first refusal on a portion of the land stemming from 1986 when the Kean family trustees passed partial ownership of the site to the pharmaceutical firm Schering-Plough Corp.
Friday, October 20, 2017
Hampshire Cos. opens storage facility in Westwood
The Hampshire Companies and Westwood Realty recently celebrated the ceremonial ribbon cutting of its 37 Extra Space Storage facility in Westwood. The facility, a 100,000-square-foot, 916-unit self storage property located at 15 Madison Ave. , was opened by Westwood Mayor John Birkner Jr. and Council President Chris Montana.
Marcus Millichap completes multifamily property sale in Camden
Commercial brokerage Marcus Millichap recently announced it has completed the sale of a 392-unit multifamily property in Camden.
Maestro Technologies to turn former First Trenton National Bank building into innovation hub
Commercial brokerage firm Segal LaBate Commercial Real Estate recently announced it has completed the sale of a 78,000-square-foot building in downtown Trenton to Maestro Technologies. The buyer said it intends to create an innovation hub at the former First Trenton National Bank Building, located at 1 West State St.
Thursday, October 19, 2017
Skittles tops Halloween candy preference in NJ
Wondering how to please trick-or-treaters this Halloween?
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Study ranks best places to own a home in New Jersey
Research group Smartasset recently published a study for the best counties to own a home in New Jersey.
Bergman Group, Time Equities to upgrade former Mack-Cali complex in Parsippany
Real Estate firms Bergman Real Estate Group and Time Equities announced plans to invest 4. 5 million to upgrade three buildings at the former Mack-Cali corporate campus in Parsippany.
Gebroe-Hammer arranges apartment community sale in Belmar
Commercial real estate brokerage Gebroe-Hammer Associates recently announced it completed the sale of a 30-unit garden-style apartment community in Belmar.
Wednesday, October 18, 2017
G.S. Wilcox announces new hires, record year
Commercial real estate mortgage firm G. S. Wilcox recently announced Rob Logan and Wesley Wilcox have joined the firm as senior associates. In their new role, both Wilcox and Logan will assist in origination and underwriting.
CBRE brokers sale, arranges financing for shopping center in Easton, Pa.
CBRE announced Wednesday it has arranged the sale and financing for a 100,250-square-foot shopping center in Easton, Pennsylvania.
Hampshire completes sale of Hackettstown Commerce Park
Real estate investment firm The Hampshire Cos. recently announced it has completed the sale of a 197,438-square-foot industrial complex to Devli Group in Hackettstown.
Nexus Properties secures financing for last phase of Rowan Boulevard
Less than two months after Nexus Properties and Rowan University opened the largest phase of the Rowan Boulevard development – delivering 557 student beds, 43,000 square feet of retail space, 37 luxury apartments and 30,000 square feet of classroom space – MT Bank has announced it has secured two loans totaling 61. 2 million to. . .
Tuesday, October 17, 2017
Fisher opens Vantage in Jersey City
Across the Morris Canal Basin and Liberty State Park, Brian and Casey Fisher of Fisher Development Associates were recently joined by Jersey City Mayor Steven Fulop and deputy mayor Marcos Vigil at the ceremonial opening of the first phase of Vantage, a 45-story luxury residential waterfront tower in the Liberty Harbor North neighborhood.
Mack-Cali sells 26-building portfolio in Moorestown, Burlington
Real estate brokerage firm Holliday Fenoglio Fowler announced yesterday it has brokered the sale of a 26-building, 1. 2 million-square-foot office flex portfolio in Moorestown and Burlington townships.
Investing in millennials Hugo Neu looks to replicate success stories from Harborside at Kearny Point
As Hugo Neu’s vision of the Kearny Point redevelopment begins to take shape, the developer has noticed a problem far too familiar to people doing business outside Hudson County how do you attract millennials to areas that do not have a history of being millennial friendly?
Friday, October 13, 2017
Sens. Booker, Menendez, Gov. Christie break ground on Portal North Bridge in Kearny
AMTRAK Chairman Tony Coscia was joined by U. S. Sen. Cory Booker, Sen. Robert Menendez and Gov. Chris Christie at the groundbreaking ceremony for the Portal North Bridge in Kearny on Friday.
Building Out Future Bond funded 76M STEM complex opens at TCNJ
The College of New Jersey’s new 76 million STEM complex had an official ribbon cutting for the project that was partially funded by the Building Our Future Bond.
Marcus Millichap complete sale of Dollar General in Clifton
Marcus Millichap announced recently the sale of an 11,500-square-foot building in Clifton for 1. 75 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office.
Hampshire sells industrial portfolio in Connecticut
Commercial real estate firm the Hampshire Cos. recently announced the sale of a four-building, 119,992-square-foot industrial portfolio in Danbury and Berlin, Connecticut, to a private buyer.
Thursday, October 12, 2017
Westfield approves 10-year lease for AvalonBay Communities
Westfield Township’s board of directors have approved a lease deal that will bring AvalonBay Communities’ New Jersey office to its downtown region.
Marcus Millichap complete 3.5M sale of office building in Bloomfield
Marcus Millichap announced recently the sale of an 8,500-square-foot retail property in Bloomfield for 3. 45 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office.
Marcus Millichap complete 3.5M sale of office building in Bloomfield
Marcus Millichap announced recently the sale of an 8,500-square-foot retail property in Bloomfield for 3. 45 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office.
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Updated Edison Properties, Baraka break ground on Mulberry Commons
Michael Sommer of Edison Properties thinks the late Jerry Gottesman, the co-founder of Edison, would have been proud of the milestone both the city of Newark and Edison Properties reached last Monday.
Blau Berg names director of business development
Commercial real estate brokerage firm The Blau Berg Co. recently announced it has named Christian Benedetto as its new director of business development.
Blau Berg names director of business development
Commercial real estate brokerage firm The Blau Berg Co. recently announced it has named Christian Benedetto as its new director of business development.
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Kushner Cos. completes purchase in Long Branch
Commercial real estate firm The Kislak Co. recently announced it brokered the sale of the Ocean Court by the Sea motel in Long Branch to an affiliate of Kushner Cos.
Wednesday, October 11, 2017
Exclusive Russo Development breaks ground at former Merck site in Union
It’s been a busy few months for Russo Development in Union.
Tuesday, October 10, 2017
RBH opens Teacher's Village in downtown Newark
U. S. Senator Cory Booker joined RBH Group’s Ron Beit and Newark Mayor Ras Baraka at the official opening of Teacher’s Village in downtown Newark on Tuesday.
Walmart donates more than 400K to N.J. charities
State-based charities Sage Eldercare and the Food Bank of South Jersey were among the beneficiaries of several charitable donations made by Walmart and the
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Office shows stability in Q3, various firms report
Commercial brokerages Colliers International and Cushman Wakefield both reported the third quarter to have been a robust time for northern New Jersey’s office market.
Sheldon Gross Realty announces sales rep hire
Commercial real estate firm Sheldon Gross Realty recently announced it has hired Richard Frankman of Bayville to serve as a corporate sales representative out of its West Orange office.
N.J. industrial reaches century high in Q3, CW reports
E-commerce and logistics continued to drive the industrial market in New Jersey to century highs during the third quarter, according to Cushman amp Wakefield.
Kearny Bank names VP, commercial loan officer
Kearny Bank recently announced it has named Dana Barlin as vice president and commercial loan officer.
Monday, October 9, 2017
International food vendor ALDI to hire up to 250 new employees in N.J.
ALDI, a national chain of discount supermarkets, is planning to hire 250 part- and full-time employees across its 42 stores in the state.
International food vendor ALDI to hire up to 250 new employees in N.J.
ALDI, a national chain of discount supermarkets, is planning to hire 250 part- and full-time employees across its 42 stores in the state.
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Child care center signs lease in Hamilton
Child care center Kiddie Academy has leased 8,500 square feet in a Hamilton-based plaza, according to Chuck Lanyard, president of The Goldstein Group.
Hackensack Meridiam to launch new research facility on former Roche campus
Hackensack University Medical Center Foundation is teaming up with Summit-based Celgene Corp. to establish the Multiple Myeloma Institute.
Rockefeller breaks ground on Piscataway logistics center
Commercial developer Rockefeller Group recently announced it broke ground on its 2. 2 million-square-foot logistics center in Piscataway.
HHG Development hosts Roebling Lofts grand opening
Developer HHG Development Associates was joined by New Jersey Economic Development Authority CEO Melissa Orsen and Trenton Mayor Eric Jackson on Wednesday at a ribbon cutting celebration that officially opened the first phase of the Roebling Center redevelopment.
Alvin Ailey American Dance Theater signs lease in Secaucus
Commercial real estate firm Avison Young recently announced it brokered the leasing of 17,583 square feet in Secaucus on behalf of Alvin Ailey American Dance Theater.
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Friday, October 6, 2017
HFF announces 9.3M financing for multihousing property in Bridgewater
Holliday Fenoglio Fowler L. P. announces 9. 3 million in financing for Fairway 28, a 51-unit, luxury midrise, multihousing property in Bridgewater.
Mack-Cali sells Totowa Commerce Center for 65.5M
Commercial brokerage firm Cushman amp Wakefield recently announced it served as an advisor to Mack-Cali Realty and Heritage Capital Group in the sale of the Totowa Commerce Center in Passaic County. . .
Jersey City-based Gull's Cove II reaches 60M in pre-construction sales
Following the completion and sale of the first phase of 322 condominiums, developer Liberty Harbor North LLC announced Gull's Cove II in Jersey City is 75 percent under contract and has surpassed 60 million in pre-construction sales.
Advance, DeBartolo open Steel Works, break ground in Harrison Riverbend district
Commercial developers Advance Realty and DeBartolo Development recently announced they celebrated the opening of Steel Works after breaking ground on another phase of development in the Riverbend district in Harrison.
Thursday, October 5, 2017
Cherry Blow Dry Bar opens in Manasquan shopping center
Cherry Blow Dry Bar, a specialty salon, announced it has leased 1,400 square feet at Wall Towne Center in Manasquan, according to Levin Management Corp.
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Cherry Blow Dry Bar opens in Manasquan shopping center
Cherry Blow Dry Bar, a specialty salon, announced it has leased 1,400 square feet at Wall Towne Center in Manasquan, according to Levin Management Corp.
CBRE names first vice president
CBRE announced Wednesday that Tara Hayden Buchakjian has joined the firm’s advisory and transaction services group as its new first vice president.
NAI Hanson arranges sale of office building in River Edge
Commercial real estate firm NAI James E. Hanson announced Tuesday it has arranged the sale of a 16,500-square-foot, two-story office building in River Edge.
Denholtz inks two leases at newly-renovated office building in Ill.
Denholtz Associates, a real estate development, investment and management company based in Matawan, announced the signing of two leases in a newly-renovated office building in Oak Brook, Illinois.
Wednesday, October 4, 2017
Sitex Group acquires warehouse in Carlstadt
Development and acquisitions firm Sitex Group recently announced it has acquired a 40,000-square-foot facility at 223 Veterans Blvd. in Carlstadt from New Space Realty Corp.
NJCU, KKF University Enterprises break ground on University Place redevelopment
New Jersey City University and developer KKF University Enterprises LLC recently held a groundbreaking ceremony at the second of four mixed-use residential buildings at the University Place redevelopment in Jersey City.
dancker acquires Office Furniture Partnership
Somerville-based integrated interior solutions firm dancker announced Monday it is acquiring the assets of Office Furniture Partnership, a furniture dealer in Morristown.
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Gebroe-Hammer arranges sale of 3-building Bergen County portfolio
Gebroe-Hammer Associates announced Monday it has arranged the 6. 6 million sale of a three-building portfolio in Bergenfield.
Tuesday, October 3, 2017
Edison Properties, Newark Mayor Baraka break ground on Mulberry Commons
Newark Mayor Ras Baraka and members of his administration joined Edison Properties and JL Companies at the official groundbreaking of Mulberry Commons in downtown Newark.
Better Homes and Gardens Real Estate appoints new COO
Real estate brand Better Homes and Gardens recently announced it has named Rich DeNicola to serve as chief operating officer for the firm.
Pro Custom Solar expands in Metuchen
Commercial brokerage firm Colliers International recently announced it completed a lease renewal and expansion at 325 High St. , Metuchen, on behalf of Pro Custom Solar.
Execs talk state of Amazon, infrastructure at NAIOP NJ chapter meeting
E-commerce and the role of the next governor in real estate were resounding themes at the New Jersey NAIOP CEO Perspective panel last week. With less than five weeks until the gubernatorial election, the chapter members gathered at Maritime Parc in Jersey City to voice their concerns which included remaining competitive in the region, millennial. . .
Better Homes and Gardens Real Estate appoints new COO
Real estate brand Better Homes and Gardens recently announced it has named Rich DeNicola to serve as chief operating officer for the firm.
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Mack-Cali, NY Waterway announce Harborside ferry
Mike DeMarco has no problem with being known as an agent of change. In less than two and a half years at Mack-Cali Realty Corp. , the CEO has changed the direction of the real estate investment trust away from suburban office parks and emphasizing its growth in urban centers.
Monday, October 2, 2017
William Paterson University unveils Part 1 of 31M renovation project
William Paterson University officially opened its new academic building, Preakness Hall, which was partially funded by New Jersey's “Building Our Future” bond act.
CBRE arranges sale of shopping center in Penn.
CBRE announced recently it has arranged the sale of a 359,673-square-foot shopping center in Exton, Pennsylvania.
HFF announces sale of Long Island grocery-anchored retail center
Holliday Fenoglio Fowler L. P. announced recently the sale of Huntington Square Plaza, a 116,200-square-foot, fully-leased, grocery-anchored center in the Long Island community of Huntington, New York.
Health care provider leases space in Essex County shopping center
Health care provider Adjust Chiropractic Health Center has leased 1,600 square feet at West Orange Plaza in West Orange, Levin Management Corp. , the property’s leasing and management agent, announced recently.
HFF announces sale of Long Island grocery-anchored retail center
Holliday Fenoglio Fowler L. P. announced recently the sale of Huntington Square Plaza, a 116,200-square-foot, fully-leased, grocery-anchored center in the Long Island community of Huntington, New York.
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Health care provider leases space in Essex County shopping center
Health care provider Adjust Chiropractic Health Center has leased 1,600 square feet at West Orange Plaza in West Orange, Levin Management Corp. , the property’s leasing and management agent, announced recently.
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Sunday, October 1, 2017
Kushner invests in Jersey City public plaza, city continues development plans
When Jonathan Kushner of Kushner Real Estate KRE and National Real Estate Advisors decided 10 years ago to build the Journal Squared complex, which is next to the Journal Square PATH station in Jersey City, they planned for more than a new structure in a new neighborhood.
55.8M communications building with 4K technology opens at Montclair State
Montclair State University officially opened its 55. 8 million School of Communication and Media building with a ribbon cutting ceremony where it was hailed as the most advanced in the country.
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