Thursday, November 30, 2017

Adventure Crossing project seeks to bring more sports to NJ

Cardinale Enterprises&#8217 multiphase plan to build two hotels, an indoor recreational facility and outdoor dome recreational facility on a 75-acre site in Jackson was approved by the town&#8217s planning commission on Nov. 29.

Diggerland breaks ground on first expansion since 2014 opening

Diggerland is always breaking ground. After all, the construction-themed amusement park &#8212 the only of its kind in North America &#8212 lets adults and children operate tractors, trucks and excavators on 14 acres in West Berlin.

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Diggerland breaks ground on first expansion since 2014 opening

Diggerland is always breaking ground. After all, the construction-themed amusement park &#8212 the only of its kind in North America &#8212 lets adults and children operate tractors, trucks and excavators on 14 acres in West Berlin.

Gebroe-Hammer announce transactions in East, West Essex

Brokerage firm Gebroe-Hammer Associates recently announced four transactions totaling 18. 35 million throughout East and West Essex.

Vanguard Medical Group expands to serve Montclair area

Vanguard Medical Group, a multisite primary care practice focused on serving northern and central New Jersey, announced it has opened its eighth location in Glen Ridge.

Audible celebrates anniversaries in Newark with city students, teachers

Amazon subsidiary Audible Inc. celebrated its 20th anniversary of service and its 10th anniversary in Newark with free memberships and Amazon Fire tables for all Newark high school students and teachers.

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Russo hosts ribbon cutting for luxury development in Waldwick

A joint venture between developers Dinallo Construction Corp. and Russo Development recently held a ribbon cutting ceremony at DR Waldwick, a 110-unit luxury development in Waldwick proximal to the town&#8217s NJ Transit train station.

Audible celebrates anniversaries in Newark with city students, teachers

Amazon subsidiary Audible Inc. celebrated its 20th anniversary of service and its 10th anniversary in Newark with free memberships and Amazon Fire tables for all Newark high school students and teachers.

Wednesday, November 29, 2017

Here are the most tax-friendly places for retirees in NJ, according to SmartAsset

SmartAsset, a financial technology company, released its third annual study on the most tax friendly places for retirees. A more focused look at residents in the Garden State. . .

Cardinale Enterprises seeks zoning variance for Jackson athletic complex, hotel

Jackson-based developer Cardinale Enterprises will seek to obtain a zoning variance to move forward with plans for a sports complex and hotel near Six Flags on Wednesday.

Exclusive LM Development announce coworking tenant at Hahne Co.

New Orleans-based coworking business Launch Pad has become the latest tenant at the Hanhe building, NJBIZ has learned from developer LM Development Partners.

Tuesday, November 28, 2017

The ties that bind Brothers build bow tie business with grandfather's legacy in mind

What's old is new again. At least, that's what three brothers from Vernon have been counting on ever since they resurrected their late grandfather's handmade bow tie business.

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Local fulfillment company clicks with record-breaking Black Friday, Cyber Monday

As consumers spent the weekend clicking &#8220confirm&#8221 in their online shopping carts, the floor at Dotcom Distribution was abuzz with round-the-clock order fulfillment.

Purveyor of Italian foods Buon'Italia expands to Jersey City with help of EDA

Lower Manhattan staple Buon&#8217Italia has found a second home in Jersey City, thanks to funding from New Jersey Economic Development Authority&#8217s EDA Premier Lender Program.

Arby's purchases Buffalo Wild Wings for 2.9B

Arby&#8217s has acquired Buffalo Wild Wings for 2. 9 billion, the two companies jointly announced Tuesday.

Arby's purchases Buffalo Wild Wings for 2.9B

Arby&#8217s has acquired Buffalo Wild Wings for 2. 9 billion, the two companies jointly announced Tuesday.

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Embracing urbanization With 52 Extra Space Storage projects completed, Hampshire continues to embrace investment in self-storage

While The Hampshire Companies has dabbled with self-storage for over two decades, and it&#8217s the new emphasis on that industry what makes the Hampshire&#8217s strategy noteworthy.

16 years later Tristate Ventures moves forward with 55 community at Garden State Park Racetrack site

Even though it has been 16 and a half years since the Garden State Park in Cherry Hill hosted its last horse race, the land it has not sat dormant for even a second.

Somerset Development names director of operations

Developer Somerset Development recently announced it has named Robert Feinberg its new director of operations.

Monday, November 27, 2017

Goldfish Swim School opens at Livingston Circle

Developer Eastman Companies recently announced the opening of water safety and swim lesson school Goldfish Swim School at The Shoppers at the Livingston Circle. The 8,100-square-foot facility joins

iCIMS cuts ribbon at Bell Works location

Holmdel Township Mayor Gregory Bountempo joined executives from Somerset Development and iCIMS at the ceremonial opening of talent acquisition firm iCIMS new location at Bell Works.

Wednesday, November 22, 2017

Small business Saturday to benefit NJ consumers and businesses

Mom and pop shops around New Jersey are gearing up for Small Business Saturday, a shopping holiday created to encourage consumers to spend their money on Main Street.

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Tuesday, November 21, 2017

Industrial continues to tighten in Q3, NAI Hanson, CBRE report

The northern and central New Jersey industrial submarkets continued to see an increase in leasing velocity and sales volume in Q3, commercial real estate firm NAI James E. Hanson reported in its Q3 northern and central New Jersey Industrial Market Report.

Retail outlook to remain positive during the holidays, multiple firms report

Commercial real estate firms CBRE and Levin Management Corp. both announced they expect brick-and-mortar to see a boost from holiday shopping in the coming weeks.

East Orange Property Owners Association names new board members

Managing member of Equis Realty Partners Phillip Evanski and Marc Watkins, CEO of Rockledge Ventures, have been appointed to the East Orange Property Owners Association, the association recently announced.

Vantage Real Estate announces new VP

Marlton-based real estate firm Vantage Real Estate Services recently announced it welcomed Peter Abdallah who will serve as one of the firm&#8217s vice presidents.

Monday, November 20, 2017

Awesome Zone inks lease in Piscataway

Commercial real estate firm Denholtz Associates recently announced it inked a 13,085-square-foot lease with children&#8217s play center Awesome Zone to expand into the Piscataway Corporate Center in Piscataway.

Apartment complex sells in Point Pleasant

Village Apartments in Point Pleasant recently sold as part of a 1031 exchange, brokerage firm The Kislak Company recently announced.

Friday, November 17, 2017

Weekly wrap up NAI Hanson

Brokerage firm NAI James E. Hanson announced several leases this week.

Lincoln Property Co. announces activity in Parsippany

At 800-900 Lanidex Plaza, real estate firm Lincoln Property Co. announced a total of 45,000 square feet across two, three-story office buildings totaling 114,000 square feet. Lincoln worked on behalf of 8H9H Lanidex and Milelli Real Estate Partners.

Weekly wrap up Advance Realty

Developer Advance Realty recently announced that as part of a joint-partnership with Camber Real Estate Partners, it has completed the purchase of a four-building, 529,110-square-foot industrial facility in Pine Brook.

Thursday, November 16, 2017

NAI Hanson arranges industrial lease to help toy manufacturer expand in East Rutherford

NAI James E. Hanson, a commercial real estate firm, announced it has negotiated an industrial lease for Goffa International Corp. , a toy manufacturer, in East Rutherford.

Wednesday, November 15, 2017

Plans for Sayreville mixed-use project, including marina, move forward

In what Atlanta-based developer North American Properties is calling the largest mixed-use project in New Jersey history, venture partners North American Properties and Prudential Global Investment Management have presented to the Sayreville Economic Development Agency plans to build a 2. 5 billion mixed-use project named &#8220Riverton&#8221 on. . .

Broadridge Financial Solutions opens Newark office

Newark Mayor Ras Baraka and Tim Gokey, president and chief operating officer of Broadridge Financial, hosted local officials at the opening of Broadridge Financial&#8217s new office for its Global Technology Operations division this week.

Dave Buster's opens first NJ location

Franchise Dave Buster&#8217s celebrated the opening of its first location in the Garden State Tuesday at the Woodbridge Center Mall in Woodbridge.

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Prologis to build 540K sq. ft. distribution center in Elizabeth

Allied Beverage Group and Prologis recently announced they have entered a long-term lease agreement that will result in the construction of a 540,000-square-foot distribution center in Elizabeth.

Dave Buster's opens first NJ location

Franchise Dave Buster&#8217s celebrated the opening of its first location in the Garden State Tuesday at the Woodbridge Center Mall in Woodbridge.

Tuesday, November 14, 2017

Ralph Lauren, Quest Diagnostics receive EDA awards to move to former Hoffmann-LaRoche site

Ralph Lauren and Quest Diagnostics have been approved for an incentive from the New Jersey Economic Development Authority to make a new home at Prism Capital&#8217s ON3 campus &#8211 the former Hoffman-LaRochen site &#8211 in Nutley and Clifton, NJBIZ has learned.

NAIOP NJ honors industry leaders at President's Award and Hall of Fame Dinner

The New Jersey chapter of the National Association of Industrial and Office Properties honored industry leaders at the Annual President&#8217s Awards and Hall of Fame Dinner held last week.

NAP, PGIM announce plans for National Lead Paint site in Sayreville

In what Atlanta-based developer North American Properties is calling the largest mixed-use project in New Jersey History, venture partners NAP and Prudential Global Investment Management have presented plans to build a 2. 5 billion mixed-use project named &#8216Riverton&#8217 on a brownfield site along the Raritan River in Sayreville.

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NAP, PGIM announce plans for National Lead Paint site in Sayreville

In what Atlanta-based developer North American Properties is calling the largest mixed-use project in New Jersey History, venture partners NAP and Prudential Global Investment Management have presented plans to build a 2. 5 billion mixed-use project named &#8216Riverton&#8217 on a brownfield site along the Raritan River in Sayreville.

Case hires financial and investment analyst

Real estate investment firm Case Real Estate Capital recently announced it welcomed Aysha Cox who will serve as a financial investment analyst.

Ralph Lauren, Quest Diagnostics receive EDA awards to move to former Hoffmann-LaRoche site

Ralph Lauren and Quest Diagnostics have been approved for an incentive from the New Jersey Economic Development Authority to make a new home at Prism Capital&#8217s ON3 campus &#8211 the former Hoffman-LaRochen site &#8211 in Nutley and Clifton, NJBIZ has learned.

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Monday, November 13, 2017

A.C. Moore acquires Blitsy

Berlin-based A. C. Moore Arts and Crafts, a specialty retailer which operates 135 brick and mortar stores across the East Coast, announced two major investments in the coming year.

A.C. Moore acquires Blitsy

Berlin-based A. C. Moore Arts and Crafts, a specialty retailer which operates 135 brick and mortar stores across the East Coast, announced two major investments in the coming year.

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Cushman Wakefield announces sales in Summit

Cushman Wakefield&#8217s chairmen Douglas Harmon and Adam Spies, and executive managing director Kevin Donner worked alongside vice chairman David Bernhaut and executive managing director Gary Gabriel in the sale of two office buildings in Summit.

Zimmel announces activity in northern, central NJ

Edison-based brokerage firm Zimmel Associates recently announced it completed five leases in northern and central New Jersey.

NJIT opens 110M Wellness Events center

New Jersey Institute of Technology held an official ribbon cutting for its 110 million Wellness Events center, the centerpiece of a 400 million campus transformation.

Sunday, November 12, 2017

#8220ReThinking#8221 the Gateway Program

Designer Jim Venturi, founder and principal of ReThinkStudio, sees the Gateway Program as crucial to maintaining the essential connection between New Jersey and New York. However, in the way it is currently designed, he believes it could be improved upon to expand into areas that are not currently being considered.

Friday, November 10, 2017

Flame Kabob House leases at Rutgers Plaza

Brokerage firm Levin Management Corp. recently announced it has arranged a 1,500-square-foot lease at Rutgers Plaza in Franklin with Flame Kabob House, an Afghan restaurant chain.

Billtrust relocates from Hamilton to 90K sq. ft. office at Princeton Pike Corp Center

At 1009 Lenox Drive in Lawrenceville, Vision Real Estate Partners recently announced it has inked a 90,000-square-foot lease with Billtrust.

Thursday, November 9, 2017

LG Electronics cuts ribbon on new distribution facility in East Windsor to create 50 local jobs

LG Electronics USA has opened a new, state-of-the-art Class A distribution center in East Windsor Township in a ribbon-cutting ceremony on Thursday.

LG Electronics cuts ribbon on new distribution facility in East Windsor to create 50 local jobs

LG Electronics USA has opened a new, state-of-the-art Class A distribution center in East Windsor Township in a ribbon-cutting ceremony on Thursday.

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Jersey Mike's announces leases in 2017

Brokerage firm Pierson Commercial Real Estate recently announced it negotiated several leases to bring Jersey Mike&#8217s to different locations throughout northern New Jersey.

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The Kamson Corp. opens Woodcliff Lake Commons

Developer The Kamson Corp. recently held a ceremonial ribbon cutting ceremony for its latest mixed-use development, Woodcliff Lake Commons, in Woodcliff Lake.

Jersey Mike's announces leases in 2017

Brokerage firm Pierson Commercial Real Estate recently announced it negotiated several leases to bring Jersey Mike&#8217s to different locations throughout northern New Jersey.

Jersey City Urby reaches 95 leased

Mack-Cali Realty Corp. subsidiary Roseland Residential Trust and Ironstate Development recently announced the first of three towers of the Jersey City Urby complex in downtown Jersey City reached 95 percent leased.

Cushman Wakefield helps generic drug maker move to new HQ in Saddle Brook

Generic drug maker Rising Pharmaceuticals, a unit of ACETO Corp. , has moved its headquarters from Allendale to Saddle Brook.

Wednesday, November 8, 2017

FS Produce Co. completes purchase in Vineland

Brokerage firm Cushman Wakefield recently announced it arranges the sale of a 580,000-square-foot manufacturing facility on 65 acres in Vineland.

Acupuncture Chain seeks to open 21 clinics in state by 2020

Modern Acupuncture, a two-year-old franchiser of acupuncture services in the US, is seeking to open 21 clinics across New Jersey by 2020, with the first three being in Morris County, two in Morris PlainsMorris Township and three in Florham Park.

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CBRE arranges sale in Bellmawr, lease in Saddle Brook

Royal Farms convenience store and gas station in Bellmawr recently traded for 6. 48 million as part of a 1031 exchange, brokerage CBRE announced.

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CBRE arranges sale in Bellmawr, lease in Saddle Brook

Royal Farms convenience store and gas station in Bellmawr recently traded for 6. 48 million as part of a 1031 exchange, brokerage CBRE announced.

Avalon Communities sells community in Lawrenceville

A joint venture between Rockpoint Group and The Brooksville Company recently purchased AvalonBay Communities, Avalon Run East in Lawrenceville, brokerage firm HFF recently announced.

Tuesday, November 7, 2017

Study Hunterdon County residents get most bang for property tax buck

Despite having some of the highest property taxes in the country, there are places in New Jersey where they are a bargain, according to a study by New York City-based financial technology company SmartAsset.

Retro Fitness hires new CBO

Colts Neck-based Retro Fitness announced Monday that Scott Breault will take on the newly-created role of chief brand officer.

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Goldstein Group announces VP appointment at newly-formed TGG Urban division

President of The Goldstein Group Chuck Lanyard recently announced it has appointed Ralph Hanan as a lead executive of The Goldstein Group&#8217s Urban division.

Cushman Wakefield names senior director of retail brokerage

Brokerage firm Cushman Wakefield recently announced it has named David Townes as the senior director of retail brokerage in New Jersey.

Bridge announces 4.2M sq. ft. sale to Duke Realty

Chicago-based Bridge Development Partners recently announced the 515 million sale of a 10-building portfolio to Duke Realty that spans northern New Jersey, southern California and southern Florida, and totals 3. 4 million square feet.

Making a Main Street With the Holmdel library moving into Bell Works, Somerset Development continues to make itself a regional town center

For Ralph Zucker of Somerset Development, the ceremonial ribbon cutting of the Holmdel Library held last week marks an important milestone in the redevelopment of Bell Works.

Monday, November 6, 2017

CBRE announces office leases in East Brunswick

At the Two Tower Center in East Brunswick, brokerage firm CBRE announced it has completed 164,000 square feet of leasing activity.

Vision, JV partner acquire former Honeywell HQ Campus

Developer Vision Real Estate Partners recently announced that as part of a joint venture, it has acquired the 64-acre former Honeywell headquarters campus in Morris Township.

CBRE announces office leases in East Brunswick

At the Two Tower Center in East Brunswick, brokerage firm CBRE announced it has completed 164,000 square feet of leasing activity.

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CentraState opens new family pavilion in Marlboro

Freehold-based CentraState Healthcare System has cut the ribbon on its new Health Pavilion Marlboro.

Rising Tide Capital hosts Peter Buffett at RISE To Expand Opportunity

Emmy-award winner and co-president of the NoVo Foundation Peter Buffet joined Jersey City-based philanthropy Rising Tide Capital at its annual &#8216RISE To Expand Opportunity&#8217 event on Thursday.

Sunday, November 5, 2017

Food desert relief Camden local wins award for building an urban farm in the city

One in five American children suffer from &#8220food insecurity,&#8221 meaning an individual does not have reliable access to food. Cities across the country are known as &#8220food deserts,&#8221 when nutritious food is produced far outside the reach of inner city inhabitants. Residents of food deserts tend to rely on processed foods like. . .

Friday, November 3, 2017

Meridian Capital Group arranges financing for mixed-use project in Iselin

Brokerage firm Meridian Capital Group recently announced it has arranged 50 million in construction financing on behalf of SAMTD Woodbridge LLC for the developer of a mixed-used property in Iselin.

Kislak sells multifamily property in Linden for 8.2M

The Kislak Company Inc. recently announced the 8. 2 million sale of Gold Leaf Manor, a 48-unit luxury multifamily property in Linden.

NAI Hanson negotiates lease to bring aircraft upholstery business to Saddle Brook

NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced it has negotiated a lease for a 3,200-square-foot flex office building in Saddle Brook.

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NAI Hanson negotiates lease to bring aircraft upholstery business to Saddle Brook

NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced it has negotiated a lease for a 3,200-square-foot flex office building in Saddle Brook.

Thursday, November 2, 2017

Manhattan Building Company opens SoHo West on Hoboken, Jersey City border

Jersey City Mayor Steven Fulop joined Manhattan Building Company at the official opening at the launch of leasing for the next phase of SoHo West South of Hoboken, West of New York City community on the border of Hoboken and Jersey City.

The Hampshire Cos. sells QuickChek-leased store in Emerson

Real estate investment firm The Hampshire Companies announced the sale of a 4,700-square-foot free-standing convenience store in Emerson to a private buyer.

Specialists Marketing Services extends lease at Sanzari-owned office property

Specialists Marketing Services announced recently it has extended its lease at Heights Plaza, the Class A office building owned and managed by Alfred Sanzari Enterprises.

Wednesday, November 1, 2017

NJBIA backs bond sale to renovate state libraries

The New Jersey Business and Industry Association is supporting the state&#8217s proposal to sell 100 million in general obligation bonds, which will be in the form of Public Question No. 1 on the ballot Tuesday, November 7.

ITC Crossing North in Mount Olive sells for 5.8 million

Marcus Millichap announced the 5. 8 million sale of a ITC Crossing North, a retail property in Mount Olive, according to Brian C. Hosey, regional manager of the firm's New Jersey office.

NAI James E. Hanson arranges sale of catering facility in Hackensack

NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced it has negotiated the sale of a 5,800-square-foot industrial building in Hackensack.

Duff Phelps renews lease in Morristown

Commercial brokerage Colliers International recently announced it has negotiated the renewal of Duff Phelps at Headquarters Plaza in Morristown.

Apartment community trades in Edison

Washington Park Apartments, a 52-unit garden-style apartment complex in Edison, recently sold for 6. 2 million, commercial brokerage CBRE recently announced.

Experts talk growth, opportunity in multifamily at Jersey City Summit

The third annual Jersey City Summit for real estate investment was held Tuesday at 70 Hudson St. in Jersey City.