Friday, March 30, 2018

River Drive Cos. inks Fair Lawn lease

Newly formed River Drive Cos. has leased 3,770 square feet of space at 23-00 Route 208 in Fair Lawn.

RJ Warehouse leases at Piscataway's Rutgers Industrial Center

New York-based RJ Warehouse is expanding its operations with leased space at Rutgers Industrial Center in Pistcataway.

Thursday, March 29, 2018

Timothy Oulton inks deal in Paramus

British specialty interiors and home goods purveyor Timothy Oulton is coming to Paramus.

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Timothy Oulton inks deal in Paramus

British specialty interiors and home goods purveyor Timothy Oulton is coming to Paramus.

Wednesday, March 28, 2018

Region Carpenters Union to open Edison training facility

The Northeast Regional Council of Carpenters will cut the ribbon on a training facility in Edison on Thursday.

BroadAcres Office Park nears 90 percent occupancy

Prism Capital Partners, exclusive leasing and managing agent for BroadAcres Office Park, is nearing 90 percent occupancy at the Bloomfield campus.

Tuesday, March 27, 2018

E-commerce warehouses set for Military Ocean Terminal parcel

A 90-acre site in Bayonne, part of the former Military Ocean Terminal tract, will be developed into 1. 6 million square feet of industrial-warehouse space.

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E-commerce warehouses set for Military Ocean Terminal parcel

A 90-acre site in Bayonne, part of the former Military Ocean Terminal tract, will be developed into 1. 6 million square feet of industrial-warehouse space.

JJ in talks to build incubator in new innovation hub

Johnson Johnson is negotiating to become the first tenant in a planned new innovation hub recently introduced by Gov. Phil Murphy.

NAI James E. Hanson taps Hecker as VP in Hackensack

Commercial real estate veteran Dick Hecker has joined NAI James E. Hanson&#8217s Hackensack office as vice president.

Industrial property sale looks to reposition pastoral Hunterdon County

55 K Realty has purchased the former headquarters and manufacturing plant of Monteblanc Pens at 55 North St. in Bloomsbury, Hunterdon County.

CBRE arranges Wyckoff retail property sale

CBRE&#8217s Tri-State Investment Properties team negotiated the 1. 75 million sale of 375-381 Franklin Ave. , a multi-tenanted retail property in downtown Wyckoff.

Wakefield promotes Tarnopol to director of business development and real estate

Wakefern Food Corp. has named Dan Tarnopol, previously corporate counsel for the supermarket cooperative, as its director of business development and real estate.

Monday, March 26, 2018

Joint venture to rebrand Morris Corporate I, II as one

Joint-venture partners Vision Real Estate Partners and Rubenstein Partners have acquired Phases I and II of the former Morris Corporate Center IV Parsippany, with plans to rebrand the sections as one.

The 2018 NJBIZ Power 100

Our top pick this year doesn&#8217t reside in New Jersey, but he and his company have a substantial impact on the state &#8212 and it may just be the beginning.

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The 2018 NJBIZ Power 100

Our top pick this year doesn&#8217t reside in New Jersey, but he and his company have a substantial impact on the state &#8212 and it may just be the beginning.

Friday, March 23, 2018

Mack-Cali EVP joins JLL

Christoper DeLorenzo is joining JLL in its Parsippany office as an executive vice president for New Jersey brokerage operations.

Jersey City property sold for future development

A Jersey City property has been sold with plans for redevelopment.

Thursday, March 22, 2018

EXCLUSIVE JJ in talks to build incubator in new innovation hub

Johnson Johnson is negotiating to become the first tenant in a planned new innovation hub recently disclosed by Gov. Phil Murphy.

EXCLUSIVE JJ in talks to build incubator in new innovation hub

Johnson Johnson is negotiating to become the first tenant in a planned new innovation hub recently disclosed by Gov. Phil Murphy.

Gov. Murphy submits recommendations of Opportunity Zones to U.S. Treasury

New Jersey Gov. Phil Murphy submitted recommendations of the Opportunity Zones on Thursday to the United States Department of the Treasury.

Wednesday, March 21, 2018

EXCLUSIVE Murphy soon to tip hand on Opportunity Zones, sources say

Gov. Phil Murphy is expected to make an announcement concerning the federal Opportunity Zone program, perhaps as soon as tomorrow, NJBIZ has learned.

Tuesday, March 20, 2018

NJ's Monahan honored as CBRE's 2017 top Americas industrial producer

In a New Jersey first, Thomas Monahan, executive vice president, has been named CBRE&#8217s top industrial professional in the Americas for 2017.

Monday, March 19, 2018

Murphy pledges 4million-sq.-ft. innovation center in New Brunswick

Gov. Phil Murphy unveiled plans to construct a new, state-of-the-art incubator hub in downtown New Brunswick that will serve as a research and innovation facility.

The Montclarion at Bay Street Station completes leasing

The Montclarion at Bay Street Station in Montclair has completed leasing for its 40 rental homes.

Newark's Stock is Rising Execs on Newark's economy, Amazon chances

Real estate, business professionals and government leaders were roundly upbeat in discussing Newark&#8217s economy during a confab staged by the Newark Regional Business Partnership Monday at the Best Western Robert Treat Hotel.

Friday, March 16, 2018

CBRE Arranges 4M sale in Montclair

CBRE&#8217s Tri-State Investment Properties team has arranged a 4 million sale on behalf of JP Morgan Chase Bank in Montclair.

Developers acquire Linden land

The partnership of Advance Realty and Greek Development are hoping to lure e-commerce and distribution tenants in search of Class A warehouse space to Linden with the acquisition of a 350-acre tract of land.

Pavilion Apartments sold for 70.5M

Regionally-based investor The Pavilion Towers LLC has spent 70. 5 million to buy the Pavilion Apartments, one of Newark and New Jersey's, largest multifamily properties.

Thursday, March 15, 2018

Kislak sells East Orange portfolio

The Kislak Co. Inc. has sold four multifamily properties totaling 200 residential units in East Orange for 19,350,000.

Cushman Wakefield closes Meadowlands' industrial deal

Cushman Wakefield, acting on behalf of Bergen Logistics, has closed a new lease for a fully automated distribution center at 299 Thomas E. Dunn Memorial Highway, in Rutherford.

Amazon to lay off 36 Jersey City employees, transfer 41

Amazon will lay off 36 Jersey City employees and transfer 41 others to its offices in Newark and New York City, effective May 31.

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Sunday, March 11, 2018

Developers eager to engage federal Opportunity Zone program

It&#8217s not yet clear how or when the federal Opportunity Zone program will be handled by the team of Gov. Phil Murphy, but developers and lawyers are eager to begin working towards creating such a zone.

Friday, March 9, 2018

Kislak sells 132 units in East Orange

Brokerage firm The Kislak Company, announced the sale of Harrison Gardens and Elm Gardens in East Orange.

NAI Hanson sells office building in Whippany

Joseph Vindigni, Arthur Hixson, Barry Mayer and Andrew Kirshenbaum of brokerage firm NAI James E Hanson completed the sale of an office building located at 760 Route 10 West in Whippany.

Thursday, March 8, 2018

Judge upholds affordable housing rules affecting West Windsor, Princeton

Mercer County Judge Mary Jacobson has issued a ruling that upholds a previous judicial finding that West Windsor and Princeton must meet certain fair housing obligations.

Marron Gildea joins Special Properties

Christie&#8217s International Real Estate affiliate Special Properties announced it has acquired Marron Gildea Realtors.

Sitex Group sells industrial property in Avenel

Brokerage firm Cushman amp Wakefield announced Sitex Group has sold two industrial properties at 191 Blair Road and 215 Blair Road, Avenel for 65 million.

Cranford multifamily sale sets new benchmark in Union, GHA says

Brokerage firm Gebroe-Hammer Associates completed the sale of 10 townhome-style units in Cranford.

Wednesday, March 7, 2018

Luxury apartment complex to be built in Bayonne

A 97-unit luxury apartment complex will be built in Bayonne at the former Military Ocean Terminal property.

Tuesday, March 6, 2018

KPMG opens tech center in Montvale

Audit, tax and advisory firm KPMG held ceremonies to mark the opening of its 86,000-square-foot technology center in Montvale.

HFF arranges financing for spec industrial project in Newark

Commercial real estate firm Holliday Fenoglio Fowler announced it has arranged 16. 2 million in financing for the development of a 290,063-square-foot industrial building in Newark.

NAIOP announces Deal of the Year finalists

The New Jersey chapter of the National Association of Industrial and Office Properties has named its Deal of the Year finalists. The award finalists are divided into office, industrial and mixed-used deals.

Monday, March 5, 2018

Woodmont Industrial expands to Atlanta

Developer Woodmont Industrial Partners has completed the purchase of a 519,045-square-foot property in Atlanta.

CoolVines wine shop to open at Modera Lofts

Rutherford-based brokerage firm RKF has arranged a lease for 5,000 square feet for wine shop CoolVines at Mill Creek Residential&#8217s Modera Lofts in Jersey City.

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CoolVines wine shop to open at Modera Lofts

Rutherford-based brokerage firm RKF has arranged a lease for 5,000 square feet for wine shop CoolVines at Mill Creek Residential&#8217s Modera Lofts in Jersey City.

CW to market Newark Timber office building

The Cushman Wakefield team of John Picco, Peter Van Duyne, Sean Brady, Christian Politan, Alex Lachmund and Bruce Mosler is set to market Lotus Equities&#8217 Riverfront Square project, the brokerage firm announced.

Bayonne closes deal to bring Costco to city

A Costco warehouse store is scheduled to open in Bayonne at the former Military Ocean Terminal later this year.

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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.

Thursday, March 1, 2018

Developers eager to engage federal Opportunity Zone program

It&#8217s not yet clear how or when the federal Opportunity Zone program will be handled by the team of Gov. Phil Murphy, but developers and lawyers are eager to begin working towards creating such a zone.

NAI Hanson completes transactions in Carlstadt, Mountainside

Brokerage firm NAI James E Hanson has completed the sale of a 20,000-square-foot office building in Mountainside and a lease for Amazing Vitamins in Carlstadt.