Plans unveiled for major redevelopment of Newark's former Westinghouse property

Newark's transformation into a major business hub took a step forward Monday with the unveiling of plans to redevelop the former Westinghouse property.

Camber Real Estate Partners, Advance Realty acquire leases

The joint venture partnership of Camber Real Estate Partners and Advance Realty has entered into lease agreements with two new tenants at its four-building, 529,110-square-foot light industrial complex in Pine Brook.

Peapack-Gladstone farm to explore intersection of food and real estate at ULI NNJ

The historic 90 Acres Farm in Peapack-Gladstone will serve as the setting for an upcoming Urban Land Institute, Northern New Jersey event, &#8220Cultivating Development Sowing the Seeds for Innovation. &#8221

Boraie to open new AC housing development in August

What is being billed as the first new residential offering in Atlantic City since the arrival of casinos there is scheduled to open in August.

Orange Housing Authority cites insufficient funding

Members of the Orange Housing Authority and staff of U. S. Rep. Donald Payne Jr. , D-10th District, and U. S. Sen. Cory Booker, D-N. J. , attended the National Association of Housing and Redevelopment Officials Washington Conference, where they discussed dwindling resources from the Public Housing Capital Fund.

GNC, Subway announce store closures

Vitamin retailer GNC and sandwich chain Subway both announced store closures this week.

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Subaru opens corporate HQ in Camden

The grand opening of Subaru of America&#8217s 118 million corporate headquarters was held Friday in Camden, with the company developing its new campus to bring together much of its local workforce.

Hoboken residential property sells for 3.3 million

Redwood Realty Advisors has brokered the 3. 3 million sale of 844 Park Ave. in Hoboken.

Maplewood WELL-certified mixed-use fully leased

Whippany-based JMF Properties reports that New Jersey&#8217s first WELL-certified residential community is fully leased.

Jersey City, Kushner trade blame over One Journal Square delay

The fate of the much-touted 821 million One Journal Square project is up in the air as negotiations between Jersey City and Kushner Cos. have come to a screeching halt.

Hillsdale retail property sells for 2.9M

Marcus Millichap has completed the 2,925,000 sale of Broadway Plaza, a 13,000-square-foot retail property located in Hillsdale.

JLL to lease corporate center on 'Trillion Dollar Mile'

JLL to lease corporate center on &#8216Trillion Dollar Mile&#8217

Newark Arts Commons breaks ground as part of larger mixed-use project

The Newark Arts Commons broke ground Wednesday at the long-abandoned former site of St. Michael&#8217s Hospital in Newark&#8217s Central Ward, with the ground floor of the eight-story building to be converted into an 18,000-square-foot creative hub.

NAI Hanson negotiates Ramsey lease to laundry products manufacturer

NAI James E. Hanson commercial real estate firm has brokered a lease for 40,000 square feet of industrial space to Handy Laundry in Ramsey.

JLL completes transactions at Parsippany center

JLL has sold two office buildings located at Waterview Corporate Center in Parsippany for Mack-Cali Realty Corp. to two separate buyers as part of the Waterview Marketplace project&#8212a 150,150-square-foot shopping center to be anchored by a 47,558-square-foot Whole Foods.

NAI Hanson negotiates lease for Mahwah warehouse

NAI James E. Hanson commercial real estate firm recently brokered the long-term lease of a 271,176-square-foot industrial building owned by Sitex Group in Mahwah&#8217s Stateline Business Park.

Maywood offices sell for 2.8 million

Edison-based Zimmel Associates corporate real estate firm recently handled the 2. 8 million sale of a 16,000-square-foot, two-story office building in Maywood to New York-based Urban Edge real estate investment trust.

Newark's historic Bell Building set for renovation

The 21-story art deco building located at 540 Broad St. in downtown Newark is considered a gem of the Brick City skyline.

Bussel Realty brokers sale of Somerset office property

Edison-based Bussel Realty Corp. industrial and investment real estate firm has arranged the 1. 16 million sale of a 10,800-square-foot office medical office building on Route 27 in Somerset.

Jersey City charter school breaks ground on 12.5 million facility

BelovED Community Charter School 2, Inc. , Urbahn Architects and Hollister Construction Services recently broke ground for BelovED Charter&#8217s new middle school building in Jersey City.

Toys#8220R#8221Us gets offer for Central European operations

Toys&#8220R&#8221Us has a buyer for some of its European operations as Smyths Toys Superstores has made an offer of 96. 6 million for its stores in Germany, Austria and Switzerland, according to a report filed with the U. S. Securities and Exchange Commission.

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Wakefern's Lane elected to association board

Wakefern Food Corp. Executive Vice President Chris Lane has been elected vice chairman of the National Association of Chain Drug Stores.

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NAI Mertz records 60M-plus in Q1 industrial transactions

Mount Laurel-based NAI Mertz commercial real estate firm recently completed more than 60 million in industrial sale and lease transactions totaling more than 1,325,000 square feet throughout southern and central New Jersey.

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Cherry Hill property to be transformed into medical building

JJN Real Estate Holdings has acquired a 17,500-square-foot property situated on approximately 2. 64 acres on Route 70 in the Cherry Hill business district.

City Hall Annex in Jersey City completed

Jersey City is celebrating the completion of its 24 million City Hall Annex, which will soon house the Department of Health and Human Services and the Department of Housing, Economic Development Commerce.

Joint venture purchases Rochelle Park office building

Clark-based real estate developers TAK Group and Woodbridge-based Bergman Real Estate Group have purchased a five-story, 218,500-square-foot office building in Rochelle Park.

Luxury passive design condos coming to uptown Hoboken

A seven-story, 10-unit condo is coming to uptown Hoboken.

Manhattan-based Fintech firm relocating to Newark's Hahne building

Manhattan-based Credibility Capital will move to Newark&#8217s historic Hahne Co. building later this year in connection with a 6. 5 million award under the Grow New Jersey Assistance Program from the New Jersey Economic Development Authority.

48 million mixed-use building coming to Camden waterfront

Friday will mark the groundbreaking of Camden's 11 Cooper project, a 48 million mixed-use development that will bring 156 market-rate and affordable apartments, along with 5,000 square feet of street-level retail space, to the city waterfront.

Procida funds rebirth of RCA Victor building

An iconic RCA Victor building in Camden soon will be brought back to life with a 5. 5 million acquisition loan provided by Procida Funding&#8217s 100 Mile Fund.

MT awards 985,000 to revitalization projects

MT Bank has awarded 985,000 in tax credit funding to four nonprofit organizations that provide affordable housing resources throughout New Jersey.

NKF Capital Markets completes Hamilton complex trade of Mack-Cali Horizon portfolio

NKF Capital Markets has completed the sale of Mack-Cali Realty Corp. &#8217s Horizon Center, a 236,284-square-foot, six-building portfolio in Hamilton, to Matawan-based Denholtz Associates.

Hard Rock Hotel Casino Atlantic City slated for summer opening

The Hard Rock Hotel Casino Atlantic City is set to open on June 28 on the iconic Atlantic City boardwalk.

North by Northeast Gebroe-Hammer reports 340.5 million in Q1 2018 sales

North Jersey counties continue to dominate the real estate market, according to Livingston-based brokerage firm Gebroe-Hammer Associates, which reports 340. 5 million in sales across 23 deals to close out the first three months of 2018.

Multifamily buildings sold in Bayonne, West New York

Marcus Millichap real estate investment group has arranged the sale of two pre-war multifamily buildings in Bayonne and West New York.

North Jersey real estate investors can use social media

The BuilderPartner real estate management company is using social media technology to offer investors in North Jersey an opportunity to invest in their own neighborhoods.

Toys #8220R#8221 Us rejects 890M bid for US, Canada locations

Bankrupt retailer Toys&#8220R&#8221Us has rejected an 890 million bid for some of its U. S. stores and locations in Canada, Reuters reported Tuesday.

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Mack-Cali, Uber partner for Short Hills ridesharing

Mack-Cali Realty Corp. and Uber have partnered in a commuter ridesharing program at four commercial properties in Short Hills.

Asbury Park mixed-used project receives more than 1 million in AHP funds

The Federal Home Loan Bank of New York recently awarded more than 1 million in Affordable Housing Program Funds to The Renaissance, a mixed-income, mixed-use affordable housing community being developed in Asbury Park.

7.65M in financing acquired for industrial portfolio in Logan Township

Holliday Fenoglio Fowler has acquired almost 7. 65 million in financing for a three-building industrial portfolio totaling 193,379 square feet in Logan Township, Gloucester County.

Affordable housing opens in Woodbridge

The first of a three-phase affordable housing project to replace an aging public housing complex has opened in Woodbridge.

29 million sale of North Bergen's Plaza 53 finalized

Plaza 53, a five-story, 122-unit apartment complex located in North Bergen, has sold for 25. 4 million.

84 million mixed-use project breaks ground in Jersey City

Hoboken-based real estate firm Ironstate Development Co. and joint venture partners Brookfield Property Group and Landmark Developers broke ground recently on 100 Monitor St. , a 309-unit luxury rental building in Jersey City&#8217s burgeoning Lafayette neighborhood.

A cut above

Tucked away in a second-floor studio of a building on River Road in Edgewater, The Pewter Club Barber Spa goes beyond the business of haircuts.

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ShopNewark aiming for 100 businesses by June

New Jersey's largest city has officially introduced a local shopping incentives program, the first big urban area in the U. S. to implement such a concept.

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Toy company CEO makes 890M bid for Toys#8220R#8221Us stores

The CEO of MGA Entertainment, a Los Angeles-based privately held toy and entertainment company responsible for such brands as Little Tikes and L. O. L. Surprise, is bidding to buy the Toys&#8220R&#8221Us stores in the U. S. and Canada, it was disclosed Friday.

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Edison's former Roosevelt Hospital undergoes 25 million historic renovation

A nearly 25 million adaptive reuse and historic renovation project of the former Roosevelt Hospital in Edison will now serve as the newest independent living community for senior citizens.

Mixed-use center in Marlton getting 70 million redevelopment

The Shoppes and Residences at Renaissance Square mixed-use center on Route 70 in Marlton is undergoing a 70 million redevelopment that will encompass 338 residential luxury apartments, as well as retail, restaurants, medical, office and commercial space.

Launch Pad workspace opens in Newark's Hahne Building

Launch Pad soon will open a collaborative workspace in downtown Newark&#8217s Hahne Co. building, a former department store recently transformed into a mixed-use building by LM Development Partners, Prudential Inc. and Goldman Sachs Urban Investment Group.

Luxury residential projects near openings in Jersey City, Weehawken

Three luxury residential projects to open in northeastern New Jersey soon.

First-phase redevelopment of Edison Factory almost done

Prism Capital Partners is putting the finishing touches on the Edison Lofts building at Edison Village, its industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center located in downtown West Orange.

Historic Hackensack property purchased for 3.7 million

Alexander Anderson Capital Group and Minotaur Management announced on Wednesday the 3. 7 million purchase of an historic property in the heart of downtown Hackensack.

Bridgewater's Centerpointe office campus sold for 46 million

A four-building office campus in Bridgewater has been sold for 46 million by Virginia and New York-based investment firm American Real Estate Partners.

Walmart estimates 68 million in NJ upgrades for FY2019

Walmart expects to spend 68 million in New Jersey over the next year, out of a total 10 billion for Fiscal 2019 companywide.

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Walmart to spend 68M in New Jersey on new stores, initiatives

Walmart plans to invest 68 million on the opening, expansion and remodeling of 12 stores in New Jersey.

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Historic homes in West Cape May latest in Cape Resorts' restoration series

Work is underway on three historic cottages located on the 62-acre Beach Plum Farm in West Cape May, owned by Cape Resorts Managing Partner Curtis Bashaw and Partner Will Riccio.

Procida Funding wraps 5.9M in loans

Procida Funding announced this week that its 100 Mile Fund recently closed on three loans totaling almost 5. 9 million for retail centers in Washington, West Orange and Kingwood townships.

Louis Berger awarded contract by Mumbai authority

Louis Berger, the Morristown-based global professional services corporation, has been awarded a project management and construction management services contract as part of a consortium for Mumbai Metro Line 4 by the Mumbai Metropolitan Region Development Authority.

'Shaq tower' to open in downtown Newark

Some are calling Newark's One Rector St. the &#8220Shaq Tower,&#8221 and that's okay with the NBA Hall of Famer, Newark native and business mogul Shaquille O'Neil.

Past and future glory In real estate, older can be bettersubscriber content

When folks move into Annin Lofts, a 52-unit edifice at 163 Bloomfield Ave. in Verona, the apartments will have that just-built scent, but the building &#8211 an Annin Flag factory for 94 years &#8212 is anything but new.

Portfolio of seven Irvington properties sells for 17.8 million

Kislak Co. of Woodbridge has facilitated the sale a portfolio of seven properties in Irvington for 17. 8 million.

Brick-and-mortar retail 2.0

It's not a pretty picture for many outdoor malls.

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NJBIZ Lists New Jersey's Top Construction Management Firms

View the top 25 ranked New Jersey Construction Management Firms in the April 9 issue of NJBIZ.

Brick-and-mortar retail 2.0

It's not a pretty picture for many outdoor malls.

Past and future glory

When folks move into Annin Lofts, a 52-unit edifice at 163 Bloomfield Ave. in Verona, the apartments will have that just-built scent, but the building &#8211 an Annin Flag factory for 94 years &#8212 is anything but new.

A tree and a lot more grows in East Orange

At face value, Lyani Powers and Malene Younglao&#8217s varied resumes don&#8217t immediately scream &#8220farmer. &#8221 Powers spent years in the design field, at one point working as the lead designer on the HGTV show &#8220Man Caves,&#8221 and Younglao was first a touring musician and then a catch-all kitchen expert, cooking at various. . .

Modern multifamily

Millennials have made their preference clear, and builders are listening to them.

Vantage LEEDs in Jersey City

Fisher Development Associates&#8217 Vantage, in Jersey City, has received LEED certification from the U. S. Green Building Council.

The Container Store opens fourth NJ location in Bridgewater

The Container Store will open a store at 335 Chimney Rock Road in Bound Brook, N. J. on April 7.

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CBRE announces 35M Morristown sale

CBRE Institutional Properties, a division of CBRE, represented Artemis Real Estate Partners and Onyx Equities in the 35 million sale of 350 and 360 Mount Kemble Ave.

Kushner Cos. buy Prospect Place

Kushner Cos. has acquired Prospect Place in Hackensack in a cash deal.

William Flats halfway home

Paramount Assets has reached the halfway point in construction at William Flats, a multifamily rental property in Newark.

JLL to lease Little Falls' Overlook Corporate Center

Theta Holding Co. LP has selected JLL as the exclusive leasing agent for Overlook Corporate Center in Little Falls.

Sussex Avenue Urban Renewal breaks ground

Developers in East Orange broke ground Tuesday for the Sussex Avenue Urban Renewal, a redevelopment project that will house construction materials company ABC Supply Co. , an urban farm and education center, workforce housing and a 30,000-square-foot commercial hub.

NAI James E. Hanson arrange Scotch Plains sale

Saurav Cagan Mgt. LLC has purchased a 2,000-square-foot gas and services station on Route 22 in Scotch Plains.

Report New Jersey's manufacturing industry continues to soar

Industrial manufacturers are leasing more space than ever in the state.

Four building NJ portfolio marks for first for Mobius

Holliday Fenoglio Fowler LP has arranged the sale and financing of a 304,732-square-foot, four-property portfolio comprised of Marlton Executive Park I and II, at 701A and 701C Route 73 S. in Marlton, and Mount Laurel&#8217s Horizon Corporate Center at 3000 Atrium Way.

Hyatt gets Unbound access to AC Ocean Walk

Hyatt Hotels Corp. &#8217s The Unbound Collection by Hyatt affiliate has entered into a franchise agreement to bring the AC Ocean Walk hotel in Atlantic City under its umbrella.

Renovations spur occupancy at Hackensack's Continental Plaza

Continental Plaza in Hackensack is seeing a 15 uptick in occupancy over the past 18 months, following 15 million in upgrades.

Meridian Capital arranges 7.6m loan for multi-family building in E. Orange

Meridian Capital Group has arranged an 18-month, 7. 6 million floating-rate construction loan for a five-story, 58-unit multi-family property to be built at 51 N. Walnut St. in East Orange.

Bouncing back

Once an economic powerhouse in New Jersey, Camden was home to phonograph manufacturer RCA Victor, USS Kitty Hawk builder New York Shipbuilding and 125,000 city residents.

Losing Toys#8220R#8221 Us More than letting go of childhood?

If you're of a certain age, like me, the Toys&#8220R&#8221Us bankruptcy and impending liquidation might've hit you harder than you expected. Maybe you grew up wandering those aisles. I did, and still remember the excitement of visiting Geoffrey the Giraffe before Christmas. Maybe you took your children there. I did that, too I cherish a. . .

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