Tuesday, July 31, 2018
Advance Realty completes first phase of renovations at Hoboken residential
Advance Realty said it has competed the first phase of renovations at The Bexley, a 128-unit residential building in Hoboken.
Monday, July 30, 2018
Komen North Jersey bound for Parsippany
Susan G. Komen North Jersey has announced it will move its offices to Parsippany this September
Colliers hires 2, including market leader for NJ
Global commercial real estate services firm Colliers International Group Inc. has hired veteran New York commercial real estate executive David Amsterdam as president of investments and leasing in the Eastern Region of the U. S. and Dennis Waggner as executive managing director and market leader of the New Jersey region.
NJBIZ Lists Commercial Real Estate Brokerages Developers
We're featuring two lists in thenbspJuly 30 issue of NJBIZ New Jersey Commercial Real Estate Brokerages amp Developers.
State loses big bucks as tens of thousands draw unreported pay
It's a problem for the state that a task force will probe Of 120,000 Garden State construction workers, an estimated 35,000 are misclassified as independent contractors or working off the books.
More portable sanitation flush real estate biz
Portable sanitation companies can be considered harbingers of a healthy real estate and construction industry.
Bouncing back Office market stages notable rebound
After getting bruised and battered for a few quarters, the office market has rocketed back of late.
Site remediation pros cleaning up from higher prices, low inventory
New Jersey’s history as an industrial center has left a legacy of liabilities for real estate owners and developers, with property buyers and sellers often encountering serious environmental concerns when trying to develop a site.
Friday, July 27, 2018
Prism Capital gains approval in Morristown
With approvals now in place, Prism Capital Partners is gearing up to launch the expansion and modernization of 21 South St. in downtown Morristown.
Cleanup proposed for Gibbstown superfund site
The U. S. Environmental Protection Agency on Friday proposed a cleanup plan for the Hercules Inc. superfund site in Gibbstown.
Life-sciences tech firm opens Whippany facility
New York-based ComboCap, a life-sciences technology company owned by Binutra Holdings, has signed a lease for a 50,000-square-foot manufacturing facility in Whippany.
Peck Brothers joins Elmwood Park Plaza tenant roster
Roofing company Peck Brothers has signed a 5,000-square-foot lease at Elmwood Park Plaza in Elmwood Park.
NJBIZ names 40 Under 40 Awards winners for 2018
The NJBIZ 40 Under 40 awards honor young professionals, as you may have guessed, under the age of 40 making moves in the Garden State. Some names you may know, others you may be seeing for the first time – but we're betting it won't be the last.
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NJBIZ names 40 Under 40 Awards winners for 2018
The NJBIZ 40 Under 40 awards honor young professionals, as you may have guessed, under the age of 40 making moves in the Garden State. Some names you may know, others you may be seeing for the first time – but we're betting it won't be the last.
Gebroe-Hammer arranges sale of Plainfield multifamily portfolio
Gebroe-Hammer Associates has arranged the sale of a four-building multifamily portfolio in Plainfield.
Thursday, July 26, 2018
HFF, Transwestern complete 5M sale of Morristown office property
HFF and Transwestern have wrapped the 5 million sale of a 20,000-gross-square-foot office building in downtown Morristown.
Study NJ top state for air quality, among worst for affordable housing
New Jersey ranks well in some social determinants and other health care factors but lags in other categories, according to the Health Opportunity and Equity Initiative.
PSS makes trio of women firm principals
PSS, a Warren-based architecture, engineering and environmental consulting firm, has named Kris McCool, Jarka Vonder and Marge DellaVecchia as principals and vice presidents.
HFF completes sale of Hoboken apartment property
Holliday Fenoglio Fowler announced the 17. 65 million sale of Columbus Park Apartments, a six-story, 37-unit apartment property in Hoboken.
Wednesday, July 25, 2018
Macromedia waits for museum to vacate Hackensack River site
Macromedia Inc. filed eviction papers in Bergen County Superior Court last month to get the museum's trailers and storage containers off of the its riverside property.
Newark breaks ground on housing project
Newark Mayor Ras Baraka joined New Jersey Housing and Mortgage Finance Agency Executive Director Charles Richman and Regan Development Corp. representatives at a groundbreaking ceremony for the 23. 1 million Carrino Plaza Apartments project Wednesday.
Vitamin Shoppe taps Godiva exec as CEO
Retailing vet Sharon Leite has been named CEO of Secaucus-based nutritional retailer The Vitamin Shoppe, effective Aug. 27.
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Marcus Millichap completes mixed-use sales in Bayonne
Marcus Millichap has wrapped the sale of two mixed-use buildings on Broadway Street in Bayonne.
WCRE completes Marlton lease
WCRE recently represented RXSense tech firm in the leasing of 15,362 square feet of office space owned and managed by Accordia LLC.
PREIT, 1776 to create incubator in Cherry Hill Mall
PREIT has announced a new partnership with 1776 at Cherry Hill Mall, with a planned retail incubator to occupy more than 11,000 square feet of space.
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PREIT, 1776 to create incubator in Cherry Hill Mall
PREIT has announced a new partnership with 1776 at Cherry Hill Mall, with a planned retail incubator to occupy more than 11,000 square feet of space.
Teva Pharmaceuticals inks Parsippany lease
Teva Pharmaceuticals USA Inc. has inked a long-term lease for 345,000 square feet at P3 Properties at MCBLUE in Parsippany.
Punching above their weight Small businesses, big wins
Like a judo pro who uses an opponent's mass against them, some small business owners say their relative small size often can give them an advantage against larger competitors.
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Tuesday, July 24, 2018
Kooi appointed VP-GM integrated interiors at dancker
Somerville-based interior solutions firm dancker has named Nathan Kooi vice president and general manager of integrated interior solutions, following the company’s expansion into the Baltimore-Washington market with the acquisition of U. S. Business Interiors.
Stores in Montclair, Hoboken among first in UK-concept's tristate rollout
Cushman Wakefield has inked two New Jersey retail leases for maternity and children’s clothing boutique JoJo Maman Bb.
Macromedia waits for museum to vacate Hackensack River site
The U. S. S. Ling, a 312-foot submarine docked at the edge of the Hackensack River for almost five decades, is at the center of an ongoing dispute.
Cushman Wakefield negotiates sale of Arbor Glen
Cushman Wakefield, along with RBC Capital Markets, has negotiated the sale on undisclosed terms of Arbor Glen, a 274-unit, 25- acre senior living community in Bridgewater.
Monday, July 23, 2018
Real estate projects plug into electric car trend
Frank Romeo Jr. is getting a charge out of electric cars these days.
Sayres named associate principal at GZA
Environmental and geotechnical consulting firm GZA Environmental has promoted licensed site remediation professional Mindy Sayres to associate principal at the company’s Fairfield-based North Jersey office.
7-Eleven inks lease at Newark mixed-use undergoing redevelopment
A 7-Eleven recently inked a long-term lease at Newark’s William Flats mixed-use property, which is currently undergoing an adaptive-reuse by Paramount Assets.
Louis Berger adds three to board as chairman retires
Morristown-based global professional services corporation Louis Berger named as board members Thomas Lewis, president of the company’s U. S. division James Bach, president of its international division and Nick Ivanoff, executive vice president of the company’s U. S. transportation segment.
Cushman Wakefield brokers Newark parking garage trade
Cushman Wakefield has completed the 7. 25 million sale of a downtown Newark structured parking facility.
West Side's story illustrates Asbury Park's tale of two sides
West Side of Asbury Park and remembers a time when it was the lifeblood of the famed city by the sea.
Friday, July 20, 2018
Coldwell Banker opens new office in Madison
The Madison office of Coldwell Banker Residential Brokerage has relocated to a new space located at 49 Main St.
Progress Capital arranges refinancing for Newark multifamily
Progress Capital Partner Brad Domenico has arranged a million non-recourse permanent mortgage of more than 4. 8 million for a client to refinance their multifamily property in Newark’s Weequahic neighborhood.
Gebroe-Hammer completes sale of Atlantic Highlands multifamily
Gebroe-Hammer Associates has finalized the 56 million sale of Thousand Oaks Village, a 304-unit apartment complex in Atlantic Highlands.
Thursday, July 19, 2018
Toys R Us reaches settlement with group of creditors
Toys R Us has reached a settlement with some of its creditors, including vendors, according to court documents filed in bankruptcy court for the Eastern District of Virginia.
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Lofts at Lincoln Park officially opens in Newark
Newark Mayor Ras Baraka joined Mid Atlantic Alliance LLC executives Thursday to cut the ribbon on the Lofts at Lincoln Park in the city’s East Ward.
HFF completes 9.1M financing for Swedesboro industrial
Holliday Fenoglio Fowler announced the 9. 1 million financing for a 254,250-square-foot, Class B industrial building on 25. 38 acres in Swedesboro.
Increases in NJ prime logistics rents accelerate
New Jersey saw prime logistics rents – the highest achievable lease rates for top-quality warehouse and distribution center space – increase by 9. 5 percent, according to a new report from CBRE.
Roseland launches leasing for RiverHouse in Weehawken
Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corp. , has launched the leasing of RiverHouse 11 at Port Imperial in Weehawken.
Walters Homes office under construction in Ship Bottom
Walters Homes home builders will be consolidating four of its divisions with the construction of an office building in Ship Bottom.
Wednesday, July 18, 2018
Quantum Real Estate announces rebranding
Quantum Real Estate Group has changed its name to Forte Real Estate Development.
Marcus Millichap completes sale of Union City multifamily
Marcus Millichap has completed sale of a recently constructed, 12-unit elevator apartment building in Union City for more than 3 million.
Mainfreight to lease Kearny industrial
Global logistics provider Mainfreight has signed a long-term, 110,147-square-foot industrial lease at RTC Properties’ 50 Cable Drive in Kearny.
Kislak sells Teaneck multifamily
Kislak Co. Inc. has completed the sale of Alma Terrace, a 25-unit multifamily property in Teaneck, for almost 3. 7 million.
NAI Hanson completes Elmwood Park office lease
NAI James E. Hanson has brokered a lease for 4,970 square feet of office space for Peck Brothers LLC at 475 Market St. , a four-story, 68, 532-square-foot property in Elmwood Park.
Tuesday, July 17, 2018
McCarter English creates pro bono fellowship to aid Newark residents
Newark law firm McCarter English plans to create a pro bono fellowship to help Newark tenants facing eviction.
Colliers' Di Meglio accepted into Forbes Real Estate Council
Vinny Di Meglio, a senior managing director with the Princeton office of global real estate company Colliers International, has been accepted into the Forbes Real Estate Council, an invitation-only community for executives in the real estate industry.
Progress Capital helps secure Millburn medical acquisition
Progress Capital’s Brad Domenico has negotiated a 6. 8 million permanent mortgage for a client to purchase a medical office property in Millburn in a recent 8. 5 million transaction.
Tenants set for Market Street in downtown Camden
Several new small businesses soon will open on downtown Camden’s Market Street.
Monday, July 16, 2018
NAI Hanson negotiates Carlstadt industrial lease
NAI James E. Hanson has negotiated a lease for a 40,000-square-foot industrial building with e-commerce company NIS CP Corp. in the Meadowlands industrial submarket of Carlstadt.
Report Large transactions drive office market rebound
The New Jersey commercial real estate market rebounded in the second quarter after a lackluster period in the preceding first three months.
Newark building restored with refinancing
A Newark mixed-use building severely damaged in a 2017 fire just got a new lease on life.
Property owners give new life to outmoded suburban offices
In 2014, Christopher Jerjian took what he calls a “plain vanilla suburban office park” and turned it into a success story.
Kislak named sales agent for Newark multifamily portfolio
The Kislak Co. Inc. has been named the sales agent for an 81-unit multifamily portfolio in Newark.
Friday, July 13, 2018
Data breach affects online customers of Macy's, Bloomingdale's
Some customers of macys. com and bloomingdales. com have been subject to a data breach, according to the retailers’ parent company.
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Gebroe-Hammer completes Central Jersey multifamily sales
Gebroe-Hammer Associates recently completed the sale of 118 units in Perth Amboy, Bradley Beach, Eatontown and Neptune at prices totaling more than 20. 3 million.
Hudson County sets housing assistance for vets, low-income residents
The Hudson County Economic Development Corp. and New Jersey Community Capital has a new down payment assistance program for Hudson County veterans and low-income homebuyers.
NAIOP NJ event spotlights policy, environmental issues
Industry insiders discussed policy and environmental issues at Thursday’s NAIOP NJ’s Building a Better New Jersey event.
Progress Capital arranges financing for Passaic multifamily
Progress Capital Managing Partner Kathy Anderson recently secured 4. 3 million for a client to finance the land acquisition and subsequent construction of a four-story multifamily building on adjacent lots in Passaic.
Thursday, July 12, 2018
Jersey City mixed-use launches construction
LMC, a home development and management company, announced Thursday the launch of construction of The Lively, a mixed-use project in the Powerhouse Arts District of Jersey City.
Colony Industrial acquires North Jersey portfolio
Dallas-based Colony Industrial has acquired a North Jersey Last Mile Logistics portfolio, consisting of 10 light industrial buildings totaling 639,681 square feet.
Bussel leases South Plainfield industrial
Bussel Realty Corp. has completed the lease of 55,000 square feet of industrial space in South Plainfield to special events constructiontent rental company Main Attractions.
Old Dutch International inks lease in Hasbrouck Heights
Housewares wholesaler Old Dutch International has leased 3,300 square feet of office space at Heights Plaza in Hasbrouck Heights.
KRE Group launches Bridgewater office renovations
The Kushner Real Estate Group is renovating an office property in Bridgewater and reconfiguring its seating areas in a three-story atrium lobby.
Kislak sells Lindenwold multifamily
Kislak Co. wrapped up the sale for almost 27. 4 million of Stonington Court Apartments, a 456-unit apartment complex in Lindenwold.
Goodwill to move to Audubon retail center
A Goodwill retail store has leased a 15,000-square-foot space at Audubon Crossings shopping center in Audubon.
Wednesday, July 11, 2018
TD Bank's Princeton branch given LEED certification
TD Bank’s branch in Princeton has been given a Leadership in Energy and Environmental Design designation by the U. S. Green Building Council, marking TD Bank’s 200th branch in the U. S. to receive the status.
Dancker acquires US Business Interiors
Somerville-based interior solutions firm Dancker has acquired the assets of U. S. Business Interiors, a Steelcase furniture dealer headquartered in Capitol Heights, Md.
Hampshire Cos. breaks ground on medical offices project
The Hampshire Cos. broke ground Tuesday on a three-story, 45,735-square-foot medical office building on a site near the border of Glen Ridge and Montclair.
Comcast to open Xfinity store in Woodbridge
Comcast has leased 4,000 square feet and will open an Xfinity retail store at St. Georges Crossing in Woodbridge.
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Comcast to open Xfinity store in Woodbridge
Comcast has leased 4,000 square feet and will open an Xfinity retail store at St. Georges Crossing in Woodbridge.
Tuesday, July 10, 2018
Ralph Lauren to move NJ operations to Nutley
Ralph Lauren is moving its Lyndhurst operations to ON3 in Nutley.
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Ralph Lauren to move NJ operations to Nutley
Ralph Lauren is moving its Lyndhurst operations to ON3 in Nutley.
HFF sells Red Bank mixed-use property
HFF announced Tuesday the sale of a 27,033-square-foot mixed-use property in Red Bank to Saxum Real Estate.
JLL completes leases for Beijing Ideal at One Newark Center
JLL has completed transactions totaling 67,612 square feet at One Newark Center in Newark for building owner Beijing Ideal Group.
Multifamily construction underway in Lakewood
East Windsor-based TFE Properties is developing Hampshire Crossing, a two-building apartment complex situated on 3 acres in Lakewood.
Camp Salute housing opens in Clayton
A low-income apartment complex in Clayton welcomed its first tenants after more than seven years in the making.
Monday, July 9, 2018
Cox named senior VP of Weichert Commercial
Onetime chief financial officer Jack Cox has been named senior vice president of Weichert Commercial Brokerage.
Morris County tops state for mortgage approvals
Morris County is at the head of the class for mortgage approvals in New Jersey, followed by Somerset, Cape May, Hunterdon, Monmouth, Ocean and Bergen counties, according to a SmartAsset report.
NJ housing inventory at record low, agents say
A cutthroat seller’s market, record-low inventory and tiny green spaces are housing trends to look out for, according to Michael Gonnelli, a Realtor with ReMax Infinity in Secaucus.
Paramount Assets acquires Newark property
Paramount Assets has added 560 Broad St. to its Newark property portfolio.
WCRE completes Haddonfield commercial lease
Wolf Commercial Real Estate represented the Healey Education Foundation in the leasing of 2,450 square feet of office space in Haddonfield.
As Bayfront master developer, Jersey City can call shots
Jersey City's proposed 180 million, 100-acre Bayfront redevelopment plan has gotten a thumbs up from City Council.
Public-private partnerships Redevelopment's not-so-secret weapon
Redevelopment officials tout public-private partnerships as a means of helping cities such as New Brunswick and Atlantic City battle urban blight.
Friday, July 6, 2018
Report NJ industrial market sets record lows, highs
The North Jersey and Central Jersey industrial market remains strong, despite a scarcity of modern warehouse space, according to a recent Cushman Wakefield report.
Integra LifeSciences sets plans for bigger HQ
Integra LifeSciences, a medical device-maker based in Plainsboro, has announced plans to move into a bigger headquarters, also in Plainsboro.
Capitol Seniors to build community in Cinnaminson
Washington, D. C. -based Capitol Seniors Housing, an investment and development firm, has acquired Siena, a 15-acre active living community in Cinnaminson.
Thursday, July 5, 2018
Macy's outlet heads to Willowbrook Mall
Macy’s Backstage is coming to Willowbrook Mall in Wayne in August.
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Vantage to market Clementon commercial site
Vantage Real Estate has been named marketing adviser for the sale of a commercial property at 250 Gibbsboro Road in Clementon.
Cushman Wakefield inks sale Ramsey office park
Cushman Wakefield recently completed the 10. 8 million sale of The Office Court of Ramsey to BHN Associates.
Vantage wraps Cherry Hill lease
Vantage Real Estate Services Executive Vice President Monica Walsh recently completed a Cherry Hill lease for DUCTZ of South Jersey.
Tuesday, July 3, 2018
Comodo CA global HQ coming to Roseland
Cybersecurity company Comodo CA announced Tuesday that it will be establishing its new global headquarters in Roseland.
Essex center reopens after upgrades
The Wally Choice Community Center in Essex County Glenfield Park in Montclair was officially reopened Thursday after the county’s completion of major upgrades to the facility.
Is NJ real estate still worth its SALT?
Ever since tax reform legislation was enacted in Washington, D. C. , Camille Renshaw says her phone has been ringing off the hook.
Six years after shock of Sandy, Keyport undergoing renaissance
It was 1994 when Ken Schwartz fell in love with the Bayshore hamlet of Keyport.
NJ retailers hope for boost from online tax ruling
Small-business owner Lisa Johnson hopes the U. S. Supreme Court decision allowing states to compel online retailers to charge sales tax, even when sellers have no physical presence in the state, will motivate shoppers to return to locations like hers.
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East Orange commercial group appoints Klein board VP
Emanuel Klein, co-founder of Teaneck-based The Fountain Group, has been appointed board vice president of the East Orange Property Owners Association, a commercial real estate group.
Lakeland Bank announces grant programs
Lakeland Bank has launched Housing Impact and Community Impact grant programs created to assist local nonprofit organizations with community-focused initiatives throughout New Jersey.
Monday, July 2, 2018
Mountainside Medical Center to open multispecialty office
Mountainside Medical Center, a community hospital in Glen Ridge that’s part of Hackensack Meridian Health, has taken 44,000 square feet of commercial space in Glen Ridge and Montclair for outpatient medical offices.
Study Glen Rock is NJ's healthiest housing market
A recent SmartAsset study ranks the healthiest housing markets in the state, with Glen Rock topping the list.
HFF sells Perth Amboy cold storage facility
Holliday Fenoglio Fowler announced on Monday the sale of a 260,046-square-foot industrial cold storage facility in Perth Amboy to Broadstone Net Lease.
Cushman Wakefield inks retail leases in Nutley
Cushman Wakefield recently completed the leasing of two retail leases in downtown Nutley.
Progress Capital funds 2.3M acquisition of vacant Jersey City site
Commercial mortgage banking firm Progress Capital recently approved a 2. 3 million bridge loan for 350 Pavonia Group to acquire a vacant gas station site in Jersey City.
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