Thursday, May 31, 2018

Sale of historic Princeton site finalized

Princeton&#8217s Institute for Advanced Study and the American Battlefield Trust have closed on the Trust&#8217s 4 million purchase of 14. 85 acres associated with the 1777 Battle of Princeton.

Holtec International wins highest LEED honor

The project team of Holtec International has won the LEED Project of the Year-Campus for its Holtec International Krishna P. Singh Technology Campus on Camden&#8217s waterfront.

Residential community opens in Englewood

Downtown Englewood will be getting a major residential upgrade with Wednesday&#8217s launch of One William, a 185-unit luxury rental community developed by BNE Real Estate Group.

Wednesday, May 30, 2018

Jersey lands fourth for residential building code strength

Just in time for hurricane season &#8212 which blows in June 1 &#8212 the Insurance Institute for Business Home Safety ranks New Jersey fourth of 18 states along the Atlantic seaboard and Gulf Coast for the strength of residential codes.

Marcus Millichap completes Union City land sale

Marcus Millichap recently wrapped up the 1. 6 million sale of 17,500 square feet of vacant land in Union City.

Kislak completes 48.2M sale in Hamilton

The Kislak Co. wrapped the sale of Montage at Hamilton, an adult community in Hamilton, for almost 48. 2 million.

Report Borgata top state taxpayer

A Commercial Caf study shows Atlantic City&#8217s Borgata Hotel Casino Spa paid 20. 4 million in property taxes last year, making it the top taxpaying property in New Jersey and the eighth highest-paying U. S. property outside New York.

Atlantic Real Estate completes 3.2M sale of Piscataway industrial property

Bridgewater-based Atlantic Real Estate Services recently wrapped the 3. 2 million sale of a 30,600-square-foot industrial building in Piscataway.

Tuesday, May 29, 2018

Newark parking lot sells for 9M

A 2. 2-acre paved parking lot in Newark recently sold for 9 million, with the lot featuring a billboard subject to an annual lease.

Report E-commerce drives industrial rents

A Transwestern report found New Jersey placed in the top five industrial markets nationally during the first quarter for net absorption.

Phase Two of Atlantic City boardwalk project completed

The reconstruction of the Atlantic City boardwalk continues with the completion of a seawall along the Absecon Inlet and a boardwalk built above it.

Sabre wraps up Wayne commercial lease

Sabre Real Estate Group has lease a 560-square-foot retail space in the West Belt Plaza in Wayne for the Klein Group.

Realty reality Cutting-edge tech meets human skill

Though house hunters still want strong relationships with real estate agents, face-to-face interactions once believed to be crucial are being replaced with a wave of new technologies such as live video chatting and 24-hour open communication.

Friday, May 25, 2018

Mixed-use development underway to Linden

A mixed-use building recently broke ground in Linden.

Marcus Millichap completes 2.18M sale of Bergenfield property

Marcus Millichap has wrapped the sale of a 14-unit apartment building in Bergenfield for almost 2. 2 million.

AC Gateway marks construction of South Jersey Gas HQ

Atlantic City elected officials, community leaders, project partners and employees of South Jersey Gas donned hard hats recently for a tour of the site being developed for the company&#8217s new 75,000-square-foot corporate headquarters.

Thursday, May 24, 2018

Marcus Millichap wraps 22M sale of East Orange high-rise

Marcus Millichap Capital Corp. recently completed the 22 million sale of Robert Towers, an 11-story, 206-unit building in East Orange.

NAI Hanson negotiates sale in River Edge

NAI James E. Hanson recently sold a 3,112-square-foot office condo in River Edge, with the real estate firm&#8217s Darren Lizzack, Randy Horning and Michael Guerra representing the buyer.

Meridian lists Jersey City mixed-use development site for 50M

Meridian Investment Sales recently listed the Avenir mixed-use development site in Jersey City for 50 million.

USGA opens headquarters in Liberty Corner

The United States Golf Association has moved into a 30,000-square-foot headquarters in Liberty Corner.

HFF helps arrange 10.2M for self-storage project

Holliday Fenoglio Fowler helped arrange 10. 2 million in financing for the development of a CubeSmart self-storage facility on 6. 5 acres in Nutley.

Mill Creek opens residential community in Parsippany

Mill Creek Residential multifamily investor has opened Modera Parsippany residential community in Parsippany.

Wednesday, May 23, 2018

Corporate America Realty Advisors leases Little Falls industrial site

Rutherford-based Corporate America Realty Advisors President Howard Applebaum recently represented H. C. International Inc. in an industrial lease agreement in Little Falls.

Irvington development launches first phase

Situated on the long-vacant site of the former Irvington General Hospital, 280 Park Place is the first major development in the Irvington Township in decades.

Tuesday, May 22, 2018

NJBIZ panel Cannibusiness can be complicated

Want to get into the cannabis business? Study up on regulations and start building connections now, experts say, because once it's legal, it'll almost be too late.

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Marcus Millichap completes sale of Union City mixed-use

Marcus Millichap recently wrapped up the sale of a mixed-use building in Union City for almost 1. 8 million.

NAI Hanson negotiates sale of Elmwood Park industrialflex facility

NAI James E. Hanson real estate firm has negotiated the sale of a 45,000-square-foot industrialflex building in Elmwood Park.

Hackensack Performing Arts Center wins Historic Preservation Award

The DMR Architects-designed Hackensack Performing Arts Center recently received the 2018 Bergen County Historic Preservation Award for its adaptive reuse of the former Masonic Temple in downtown Hackensack.

Advance Realty Executive Quarters at Bedminster wins TOBY award

Advance Realty Executive Quarters at Bedminster has been named The Outstanding Building of the Year by the New Jersey chapter of the Building Owners and Managers Association.

Monday, May 21, 2018

Bussel Realty brokers sale of Piscataway industrial facility

Edison-based Bussel Realty Corp. arranged the sale of a 33,000-square-foot industrial building in Piscataway for more than 4. 1 million.

New retail coming to Bell Works

City Barn Country Penthouse, Dimension Dental and OceanFirst Bank have signed first-time leases for retail locations in Bell Works in Holmdel.

United Way CRE event honors Hollister head coach, Ironside Newark

Hollister Construction Services Head Coach Chris Johnson was raised against a backdrop of giving back, with volunteerism and a sense of community instilled in him at an early age.

Retail groups oppose local approach to plastic bag policy

With New Jersey's 4. 5 billion-per-year plastic bag habit leaving a massive amount of unrecycled waste floating in the ocean, a wave of municipalities are banning single-use plastic bags or placing fees on their use.

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Busy port driving demand for industrial real estate

Industrial real estate insiders say the warehouses near the Port of New York and New Jersey are in record-high demand, thanks to e-commerce companies such as Amazon and the need to store an increasing volume of imported goods.

Friday, May 18, 2018

WCRE leases Voorhees building to Kingsway Learning Center

Marlton-based Wolf Commercial Real Estate has completed a lease transaction in which Kingsway Learning Center Services will consolidate its Moorestown and Haddonfield campuses to a single site in Voorhees.

Construction of Normandy Beach community underway

Sharbell Development Corp. has broken ground on the Normandy Beach residential community in the Ocean County neighborhood of Normandy Beach.

Thursday, May 17, 2018

Investors Bank originates more than 300M in CRE loans

Short Hills-based Investors Bank Commercial Real Estate Lending Group recently originated 15 financing transactions valued at 308. 3 million for a range of buildings.

NAI Hanson brokers lease renewals in Englewood

NAI James E. Hanson commercial real estate firm has completed lease renewals at the Van Brunt Business Center in Englewood for Marathon Enterprises, GNS Trading Corp. and ForTec Medical.

Team Resources completes leasing of Garfield facility

Lyndhurst-based Team Resources has leased 79,000 square feet of industrial space in Garfield to Unimac Graphics.

Sheldon Gross Realty brokers Belleville lease

West Orange-based Sheldon Gross Realty has arranged the lease of a 12,000-square-foot industrial space in Belleville to Platinum Maintenance Services Corp.

Wednesday, May 16, 2018

Toys 'R' Us to auction its IP

Toys R Us is selling its intellectual property.

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North Brunswick Walmart Supercenter opens

The newly-expanded North Brunswick Walmart officially opened Wednesday after completing a two-year expansion project and beefing up its employee roster to over 400 associates.

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Housing advocates decry fund diversions

More than 100 nonprofit community developers and housing advocates sent a letter this week to the Murphy administration and members of the New Jersey General Assembly expressing concern about the diversion of Affordable Housing Trust Fund money away from affordable housing.

NIA National Realty announces Paramus mixed-use leases

Paramus-based NIA National Realty has completed five lease transactions totaling 20,000 square feet in a mixed-use building in Paramus.

Kushner Cos. acquires Long Branch hotel

Kushner Cos. has acquired the 24-room Bungalow Hotel in Long Branch&#8217s Pier Village, a mixed-use community of retail shops and apartments located on the city&#8217s shoreline.

Marcus Millichap completes 2M sale of Ridgewood property

Marcus Millichap has closed the 2 million sale of a 6,000-square-foot office property in Ridgewood.

Duke Realty leases Perth Amboy warehouse

East Rutherford-based Duke Realty has leased ePort 1000, a 354,250-square-foot warehouse in Perth Amboy, to 4PX Express USA.

Blau Berg named leasing agent for Millburn retail property

Short Hills-based The Blau Berg Co. has been appointed leasing agent for 344-346 Millburn Ave. , an 11,000-square-foot retail space in Millburn.

Tuesday, May 15, 2018

Funding secured for Jersey City mixed-use building

Funding for a nine-story mixed-use building in Jersey City has been secured by Progress Capital, which negotiated the 26,250,000 construction-to-permanent loan for the project.

NAIOP NJ honors commercial real estate leaders

Cushman Wakefield Vice Chairman Stan Danzig was among those in New Jersey&#8217s commercial real estate industry feted during NAIOP NJ&#8217s recently staged 31st Annual Awards Gala.

NAI Hanson brokers lease for Elizabeth industrial space

NAI James E. Hanson commercial real estate firm recently brokered a lease for 28,900 square feet of industrial space with NJ Rubber LLC at 475 Division St. in Elizabeth.

Kislak wraps 6.5M sale of Hoboken mixed-use

Woodbridge-based The Kislak Co. has wrapped up an almost 6. 6 million sale involving a mixed-use condominium in Hoboken.

Monday, May 14, 2018

Ironside Newark picks Pierson for leasing

Ironside Newark has chosen Pierson Commercial Real Estate as its retail leasing agent.

CBRE wraps up 53M sale of Edison commercial space

Real estate firm CBRE has completed the 53 million sale of Festival Plaza in Edison.

Home's where heart is for Habitat Monmouth volunteers

Nancy Doran has been volunteering at Habitat for Humanity for almost two decades, and she has no intention of stopping anytime soon.

Human touch fuels rise of co-working spaces

Andrew Bondarowicz, a sports attorney, Rutgers law professor and former NFL agent, operates his fan-portal business Fanteractive from Launch Pad, a co-working space in Newark.

WCRE wraps sale of Voorhees office property

Marlton-based Wolf Commercial Real Estate represented 1000 Voorhees Drive LLC in the acquisition of an approximately 73,000-square-foot office property in Voorhees Corporate Center.

Friday, May 11, 2018

Bell Works complex named NJ's most iconic building

The Bell Works complex in Holmdel was named New Jersey&#8217s most iconic building by Architectural Digest magazine.

Meridian Capital Group arranges 15M for Somerville property

New York-based Meridian Capital Group has arranged 15 million in construction financing for The Davenport, a four-story multifamily property in Somerville, for developer Robert Weiss of Weiss Properties.

Newmark completes 4.25M purchase of Rockaway industrial building

Cedar Knolls-based Newmark Associates has brokered the 4,250,000 sale of a 38,700-square-foot industrial building in Rockaway.

Thursday, May 10, 2018

Mixed-use redevelopment project underway in Hackensack

The Hampshire Cos. , Claremont Cos. , and NAI James E. Hanson Inc. , along with construction lender Provident Bank and municipal leaders from the city of Hackensack, came together Thursday to celebrate groundbreaking of a five-story, 119,000-square-foot mixed-use project in Hackensack.

Zimmel arranges 6.8M sale of Somerset office building

Edison-based corporate real estate services firm Zimmel Associates has brokered the 6. 8 million sale of an 83,258-square-foot office building in Somerset to The Torsiello Organization.

Bussel Realty brokers sale of industrial building in South Plainfield

Edison-based Bussel Realty Corp. industrial real estate services has arranged the sale of a 36,000-square-foot industrial building in South Plainfield.

Redwood Realty brokers 3M sale in Chatham

Redwood Realty Advisors has brokered the sale of a mixed-use property in Chatham for almost 3. 1 million.

NJCU conference draws domestic and global influencers

International and local trade and its ties to real estate was front and center at the New Jersey City University School of Business two-day international conference.

Wednesday, May 9, 2018

Developer American Dream Meadowlands 60 percent built

The American Dream Meadowlands project is progressing at about 3 million of construction daily, according to Tony Armlin, vice president for development construction at Triple Five Worldwide.

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Developer American Dream Meadowlands 60 percent built

The American Dream Meadowlands project is progressing at about 3 million of construction daily, according to Tony Armlin, vice president for development construction at Triple Five Worldwide.

Sanzari retains management firm for multifamily portfolio

Hackensack-based Alfred Sanzari Enterprises has retained FirstService Residential property management firm to provide leasing, maintenance and property management for its residential property portfolio.

JLL completes Dayton warehouse transaction

JLL has completed a leasing transaction for owners Accordia Realty Ventures and EverWest Real Estate Investors for the lease of a 369,000-quare-foot warehouse in Dayton

Tuesday, May 8, 2018

Newark's One Gateway sets renovation plans

Woodbridge-based real estate firm Onyx Equities plans some renovations to downtown Newark&#8217s One Gateway.

Bayonne closer to adding ferry terminal

Bayonne has received approximately 650,000 in funding through the federal Passenger Ferry Grant program to help pay for the construction of the proposed commuter ferry terminal at the former Military Ocean Terminal.

Judiciary offices moving to Cherry Hill

Several of the state&#8217s judiciary branch offices will relocate from Camden to a renovated midrise at 4 Executive Campus in Cherry Hill.

Princeton TD Bank is WELL-certified

TD Bank&#8217s Princeton location has been certified by the International WELL Building Institute after meeting standards for architectural design elements, technologies and health-advancement features.

HFF announces 146M sale of Hoboken apartment community

Holliday Fenoglio Fowler L. P. has brokered the 146 million sale of The Rivington, a 240-unit luxury apartment community in Hoboken.

Monday, May 7, 2018

5.2M mortgage arranged for Union City multifamily

Progress Capital has negotiated mortgage valued at almost 5. 27 million an unspecified party acquiring a five-story multifamily building in Union City.

Mixed-use building breaks ground in Jersey City

A 15-story mixed-use building recently broke ground in Jersey City&#8217s Journal Square neighborhood.

Gebroe-Hammer completes 22.6M in apartment sales

Livingston-based Gebroe-Hammer Associates has completed the sale of North Jersey apartment properties totaling 22. 6 million.

Judiciary offices moving to Cherry Hill

The state&#8217s judiciary branch offices are relocating to Cherry Hill.

Bayonne closer to adding ferry terminal

Bayonne has received approximately 650,000 in funding through the federal Passenger Ferry Grant program to help pay for the construction of the proposed commuter ferry terminal at the former Military Ocean Terminal.

Fort Monmouth redevelopment 1 million square feet by year's end

They're still moving dirt in Fort Monmouth &#8212 and will be for some time.

Friday, May 4, 2018

Stro buys industrial facility for 4.1M

Ridgewood-based Stro Cos. has acquired a 45,000-square-foot industrial property in Elmwood Park for 4. 1 million.

Report North Jersey retail among toughest in US

North Jersey is among the top five markets in which investors might consider selling retail properties, according to Ten-X Commercial U. S. Retail Market Outlook.

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Report North Jersey retail among toughest in U.S.

North Jersey is among the top five markets in which investors might consider selling retail properties, according to Ten-X Commercial U. S. Retail Market Outlook.

Low inventory could impact first-time homebuyers

First-time homebuyers could be getting priced out of starter homes in a low-inventory, strong- demand market as median sale prices continue to rise statewide, according to New Jersey Realtors.

Conover, Berkshire Hathaway merge in 125M partnership

The John C. Conover Agency and Berkshire Hathaway HomeServices Signature Properties recently announced a merger to create a more than 125 million Jersey Shore real estate partnership through a combination of their Asbury Park offices.

CBRE completes 1.5M sale of Hackettstown industrial facility

CBRE Investment Properties has completed the 1. 5 million sale of a two-story, 45,000-square- foot industrial building in Hackettstown.

Thursday, May 3, 2018

Newark Muslim center breaks ground

The United Muslim Center broke ground on Thursday in Newark&#8217s South Ward.

Marcus Millichap completes sale of Highland Park portfolio

Marcus Millichap has completed the 2, 625,000 sale of a multi-family portfolio in Highland Park.

HFF secures financing for Secaucus industrial facility

Holliday Fenoglio Fowler has secured 36. 72 million in permanent financing for a more than 240,000-square-foot, two-building industrial facility in Secaucus.

NAI Hanson negotiates sale of Teaneck office building

NAI James E. Hanson commercial real estate firm has negotiated the sale of a two-story, 4,300-square-foot professional office building in Teaneck.

Wednesday, May 2, 2018

Jamesburg apartments sell for 8.5 million

Kislak Co. has completed the 8. 5 million sale of Tall Tree Apartments, a 68-unit multifamily property in Jamesburg.

Mahwah lot gets green light for redevelopment

A 7. 8-acre site in Mahwah has been granted redevelopment site approval.

Colgate-Palmolive campus set for redevelopment

After more than 60 years, the former Morris TownshipMorristown site of the Colgate-Palmolive company will make way for mixed-use redevelopment.

Wyndham hotel marks opening in Newark

TRYP by Wyndham Newark marks its official opening today.

Newark ordinance proposed to help forestall evictions

A proposed ordinance could provide Newark&#8217s lowest-income residents with access to free legal representation in landlord-tenant disputes.

Tuesday, May 1, 2018

Newark signals start of Ironbound cleanup

The city of Newark broke ground Tuesday on a project to clean and restore the fields around Ironbound Stadium.

HFF completes sale of Lanidex Plaza in Parsippany

Holliday Fenoglio Fowler has completed the sale of Lanidex Plaza, a seven-building, 335,060-square-foot office complex in Parsippany.

Newark affordable housing set for renovation

Newark-based Radiant Property Management has acquired 209 affordable housing units in Newark from Virginia-based Realty Management Associates.

NAIOP symposium highlights real estate trends

Everything old is new again, at least according to some of the state&#8217s top real estate movers and shakers.

Meridian Capital Group arranges 13M in financing for Kenilworth portfolio

Meridian Capital Group has arranged 13 million in refinancing for seven commercial properties located in Kenilworth on behalf of Pierre Development Corp.

Marcus Millichap completes 4M sale in Newark

Marcus Millichap has completed the 4 million sale of Newark&#8217s Spring Street Commons condominiums, which is fully approved for 84 residential units and more than 4,630 square feet of retail space.