Wednesday, February 28, 2018
CW principal elected to NAIOP NJ board of trustees
Andrew Judd, managing principal and market leader for the New Jersey Region for Cushman Wakefield has been elected to serve on NAIOP New Jersey’s board of trustees.
Blink Fitness opens East Orange location
Paramount Assets and Blink Fitness announced the official opening of a new Blink Fitness location at 600 Central Ave. in East Orange.
Tuesday, February 27, 2018
RBH receives LEED certification at Teachers Village
The U. S. Green Building Council has awarded Teachers Village a LEED Silver neighborhood development certification.
Newark's Vibe building offers sense of place in growing community
For Strategic Development Partners’ chairman and CEO Anthony Bastardi, his firm’s Vibe building, located at the corner of William and Halsey streets, will capitalize on the success of RBH’s Teachers Village while targeting a different demographic.
Monday, February 26, 2018
Goldstein Group's TGG announces leases through NJ
Retail brokerage firm The Goldstein Group’s TGG Urban Division has completed several store leases in Jersey City, Hoboken, Montclair and others areas.
Global Transportation Logistics inks lease in Piscataway
Brokerage firm Colliers says Global Transport Logistics has leased 253,575 square feet in a newly constructed warehouse at 276 Old New Brunswick Road, Piscataway.
Rutgers Center for Urban Entrepreneurship Support for retail store owners
The Center for Urban Entrepreneurship and Economic Development at Rutgers University has launched the Black and Latino Urban Entrepreneurship Retail Acceleration Program.
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Thursday, February 22, 2018
Bill would ban pension funds from investing in gun manufacturers
State Sen. Vin Gopal, D 󈝷th District, plans to introduce a bill barring New Jersey public employee pension funds or annuities from investing in gun manufacturer companies.
Greek Development completes Somerset sale
Cushman amp Wakefield has brokered the 15 million sale of a two-building, 170,500-square-foot industrial asset from High Street Realty.
Marcus Millichap completes industrial, multiuse sales
An 81,870-square-foot industrial property in Ridgefield sold for 9 million according to brokerage firm Marcus Millichap.
Wednesday, February 21, 2018
NAIOP exec Don't hold your breath on Gateway Tunnel funding
Anthony Attanasio, executive director of New Jersey’s Utility Transportation Contractors Assn. , doesn’t expect the proposed Gateway project to be funded this year.
HFF arranges financing of Morristown condo development
Working on behalf of DRA 30 Court LLC -- a joint venture between Diversified Realty Advisors and a private investor -- Holliday Fenoglio Fowler has arranged 24. 8 million for a 58-unit condominium development in Morristown.
Tuesday, February 20, 2018
It's easy going green subscriber content
When the U. S. Green Building Council sought to test out its pilot LEED for Cities certification in 2016, it found that of all cities in the country, Newark was among the first to express interest.
Monday, February 19, 2018
Slow and steady
In 2017, Jonathan Schultz and John Saraceno Jr. opened the new 307,000-square-foot home of Japanese pharmaceutical firm Daiichi Sankyo in Basking Ridge and relocated the New Jersey Turnpike Authority to its new home at the former 200,000-square-foot Hess building in Woodbridge shortly before selling both properties.
Leaving a legacy in a neighborhood
While Hoboken-based developer Manhattan Building Co. is no stranger to Jersey City, the location of its two latest projects within there have brought it into new territory.
It's easy going green
When the U. S. Green Building Council sought to test out its pilot LEED for Cities certification in 2016, it found that of all cities in the country, Newark was among the first to express interest.
Special liquor permits pushed for Hackensack stretch
Several mixed-use developments, with almost 1,000 residential units, are proposed along Hackensack's Main Street, but some redevelopment proponents say city merchants have access to an insufficient number of liquor licenses to attract new businesses to the span.
Thursday, February 15, 2018
Bridge Development completes purchase in Phillipsburg
Brokerage firm CBRE announced Bridge Development Partners, and Opus Investments and KTV Inc. , have traded a 365-acre development along the I-81, I-78 corridor.
JP Ryan's Tavern leases at Isley Building in Newark
Brokerage firm JLL has completed a lease for 6,000 square feet on behalf of LMJ 35 LLC for PJ Ryan’s Tavern, the firm announced Thursday.
Wednesday, February 14, 2018
Urban Air Adventure Park opens Milltown location
Real estate firm Colliers International represented Urban Air at Ryders Crossing Center in Milltown regarding a 24,000-square-foot lease.
AMS Acquisitions pays 32.1 mil for Silk Lofts
AMS Acquisitions, a New York-based real estate investment firm, has acquired an 85-unit apartment complex in Bayonne.
NKF appoints NJ senior managing director
Real estate firm Newmark Knight Frank has tapped industry veteran Leo Paytas to serve as a senior managing director out of the firms New Jersey office in Rutherford.
Tuesday, February 13, 2018
Steel Works reaches leasing milestone
Developers Advance Realty and DeBartolo Development said they have 75 percent occupancy at their Steel Works residential joint venture in Harrison.
Bill to allow ERG bond financing makes its way through second reading
The state assembly is set to vote Thursday on a bill that would allow developers to issue bonds backed by commercial development grants from the Economic Development Authority.
Monday, February 12, 2018
Three restaurants added to Newport menu
Restaurants Ruth’s Chris Steakhouse, Menya Sandaime and Los Cuerno are set to open at Newport, the LeFrak Organization’s mixed-use development project in Jersey City, the developer said.
Good Life Learning completes purchase in Moorestown
Victoria Properties Trust has sold a 6,500-square-foot medical office property in Moorestown to student tutoring service Good Life Learning LCC, brokerage firm WCRE said.
NJAA names LoPresti executive vice president
The New Jersey Apartment Association has promoted Nichole LoPresti to executive vice president. LoPresti, who has been with NJAA for three years, will oversee staff operations focusing on recruitment, retention and educational programming.
Friday, February 9, 2018
HD Supply leases space in Edison
Industrial supply company HD Supply Construction Industrial has inked a lease for 89,000 square feet of industrial space at Heller Industrial Park in Edison, brokerage Cushman Wakefield announced. The location in Edison will serve as a wholesale distribution center for HD Supply, according to a news release.
West of Hudson Realty Group opens Montclair office
Residential real estate firm West of Hudson Realty Group has opened a five-agent office at 210 Bellevue Ave. , Montclair.
Thursday, February 8, 2018
Denholtz secures refinancing for Bridgewater industrial park
As part of an effort to improve 11 buildings at the Bridgewater Business Park, developer Denhotlz Associates has secured 9. 2 million in refinancing from Provident Bank, the firm said Thursday.
Englewood LAB acquires flex center in Totowa
Commercial real estate firm United Realty Advisors said it has brokered the sale of a 125,000-square-foot facility in Totowa on behalf of Englewood LAB.
MM complete sale in Mount Vernon, Daytona Beach
The New Jersey office of brokerage firm Marcus Millichap has completed the sale of a 39,000-square-foot property in Mount Vernon, N. Y. , the firm announced.
Wednesday, February 7, 2018
Toronto-based firm purchases Rockaway office complex
Toronto-based Northbridge Investment Management purchased a 264,000-square-foot office complex in Rockaway, brokerage firm Holliday Fenoglio Fowler said Wednesday.
Somerset to build 200-room hotel atop Bell Works
Developer Somerset Development announced Wednesday it has received approvals to build a 200-room rooftop hotel at Bell Works in Holmdel.
Stock market tumble a natural correction, and further drops likely, KCG cofounder says
For Kenneth Pasternak of real estate company KABR Group, the recent highs and lows in the stock market are nothing more than natural progression of the economic cycle coupled with stock market psychology.
Tuesday, February 6, 2018
Arthur Holding sells apartment complex in Lodi
Brokerage firm Gebroe-Hammer Associates said Tuesday it arranged the sale of 50 units at 82 Contant Ave. in Lodi.
Lotus Equity unveils Riverfront Square anchor building
Developer Lotus Equities announced it is set to build the country’s largest mass timber office building at the site of the former Newark Bears Stadium, now called Riverfront Square. The building, designed by Michael Green Architecture is set to encompass up to 500,000 square feet and will aim to cater to tenant wellness and environmental. . .
Zoning ordinance said big step in future of Newark sustainability
Sustainability as a tool for economic development was the main theme at the annual meeting of the New Jersey chapter of the US Green Building Council on Feb. 1 in Newark. Among the featured guests were Upendra Sapkota, acting director of the Economic and Housing Development office, and Natalie Agosto Filion, the office’s chief sustainability. . .
Friday, February 2, 2018
Carmel Partners acquires garden apartment complex in Plainsboro
Real estate firm Carmel Partners has acquired the 896-unit apartment complex, Hunters Glen, in Plainsboro.
Jon Hanson named to NJ Hall of Fame
Hampshire Companies founder and Chairman Jon Hanson has been named to the New Jersey Hall of Fame.
Thursday, February 1, 2018
Uber, Mack-Cali announce ridership pilot program at Metropark
The Mack-Cali Realty Corp. announced Thursday the start of a three-month ridership program with Uber for four properties at the Metropark train station in Iselin.
Team Resources transactions through Central, No. NJ
Commercial brokerage Team Resources in Lyndhurst has completed three leases in Dayton, Netcong and Secaucus
NAI Hanson completes sales in Flanders, Saddle Brook
Brokerage firm NAI James E. Hanson has sold two office condos in Flanders.
NJIT, CAPC tout planned improvements for Newark's MLK Blvd.
Preservation, repurposing and innovation were the main themes at the Newark Regional Business Partnership’s Development “Plans Taking Shape” confab to discuss improvements planned for MLK Jr. Blvd. in Newark.
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