Visually-impaired shoppers get an extra set of eyes at Wegmans supermarkets now through Aira, an app that uses wearable technology, artificial intelligence and live human assistance to deliver real-time visual descriptions to shoppers who are blind or have low vision.
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Friday, August 31, 2018
Cushman closes Piscataway industrial deal
Cushman Wakefield has announced the sale of 151 Old New Brunswick Road, in Piscataway.
Thursday, August 30, 2018
Zimmel Associates closes 6.7M in industrial sales
Edison-based commercial real estate firm Zimmel Associates has announced the sale of two industrial properties totaling 6. 7 million.
Wednesday, August 29, 2018
Eviva signs on for Monroe industrial lease
Bussel Realty Corp. has leased almost 50,000 square feet in Monroe to bathroom furniture manufacturer and wholesaler Eviva, the industrial real estate services firm announced.
Bendheim leader honored for lifetime achievement
Robert Jayson, president of Wayne-based architectural glass company Bendheim, has been announced as the 2018 recipient of the American Glass Guild Nicholas Parrendo Lifetime Achievement Award.
Prism to proceed with Woodbridge transit community
Prism Capital Partners is ready to begin work for the adaptive reuse of the property at the corner of Rahway Avenue and Green Street in Woodbridge, the firm announced, following the completion and submission of a formal site plan.
FreezPak expands to Clifton
FreezPak Logistics has opened its fourth New Jersey location, in Clifton, the company announced.
Meadowlands mall 'coming to fruition' as developers eye spring 2019 completion
The sprawling American Dream entertainment and shopping plaza in the Meadowlands is on track for completion in the spring 2019, Gov. Phil Murphy said Tuesday.
Monday, August 27, 2018
USI coming to Florham Park
USI Insurance is relocating to Florham Park, real estate services firm Transwestern has announced following the company’s signing of a 35,415-square-foot lease.
NJ Democrats continue pushback against IRS SALT caps
New Jersey’s Democratic lawmakers have vowed a continued push against the Internal Revenue Service’s efforts to block the state’s workaround for the federal cap state and local taxes.
Website makes charity connections B-Cause it can
As a visually impaired person, Michael Benson can see clearly the benefit of getting help from others.
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Friday, August 24, 2018
Green Leaf Medical sets eyes on NJ
Maryland-based Green Leaf Medical LLC is eyeing New Jersey for expansion of its vertically integrated medical marijuana dispensaries.
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200 Cottontail Lane cushions leases by 20,000 square feet
Cushman Wakefield has announced the completion of two leases for 200 Cottontail Lane in Somerset.
Thursday, August 23, 2018
Sears store in Hamilton Mall to close
Sears Holding Corp. will shutter 46 more Sears and Kmart stores nationwide, including a Sears in Atlantic County’s Hamilton Mall.
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New Jersey's business 'icons' celebrated
The ballroom at The Palace at Somerset Park was packed with over 260 people Thursday morning for NJBIZ's Icon Honors event, celebrating the careers of men and women 60 and over who have made it their business to pioneer change and innovation in their workplaces and communities.
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New Jersey's business 'icons' celebrated
The ballroom at The Palace at Somerset Park was packed with over 260 people Thursday morning for NJBIZ's Icon Honors event, celebrating the careers of men and women 60 and over who have made it their business to pioneer change and innovation in their workplaces and communities.
Aldrich 9 Plaza in Howell fetches 6.42M
Commercial real estate agency Gebroe-Hammer Associates has announced the sale of Aldrich 9 Plaza, a 28,660-square-foot retail center in Howell.
Aldrich 9 Plaza in Howell fetches 6.42M
Commercial real estate agency Gebroe-Hammer Associates has announced the sale of Aldrich 9 Plaza, a 28,660-square-foot retail center in Howell.
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Townecraft acquired by NY holding company
Glen Rock-based wholesale consumer goods company Townecraft Inc. has been acquired by R2 Venture Solutions Inc. , according to the Benjamin Ross Group.
University Place takes shape as Jersey City's RIVET opens doors
Wednesday’s ribbon-cutting at Jersey City’s RIVET celebrated more than just the arrival of the development, it ushered in the beginning of a new era for the surrounding West End neighborhood and its transformation into University Place.
Cole Schotz advises on 17M Jersey City acquisition
400 Claremont Urban Renewal LLC has acquired a 2. 73-acre property in Jersey City, according to law firm Cole Schotz PC, which advised on the deal announced.
Tuesday, August 21, 2018
Chimney Rock Shopping Center adds two tenants
Lands’ End and Club Pilates are joining the Chimney Rock Shopping Center in Bound Brook, CBRE announced Tuesday.
Chimney Rock Shopping Center adds two tenants
Lands’ End and Club Pilates are joining the Chimney Rock Shopping Center in Bound Brook, CBRE announced Tuesday.
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No heading
Los Angeles-based storage and moving services startup Clutter is migrating its East Coast operations to South Brunswick, Cushman Wakefield has announced.
Teaneck hotels target #8220modern traveler#8221
Representatives from Alfred Sanzari Enterprises, White Lodging and MT Bank joined Township of Teaneck Mayor Mohammed Hameeduddin on Aug. 9 at the ribbon cutting for the new Hampton Inn Suites and Homewood Suites at Teaneck.
Revetment House coming to Jersey City's Hamilton Park next month
With its September completion approaching, real estate company LeFrak has unveiled Revetment House, a residential building in Jersey City’s Hamilton Park.
Monday, August 20, 2018
Kislak sells Jamesburg multifamily for 5.2M
The Kislak Co. Inc. announced the 5. 2 million sale of Colletti Terrace Apartments, a 44-unit multifamily property located at 192 Docks Corner Road in Jamesburg, Monroe Township.
Triple Five, Vice bringing food hall concept to American Dream
Vice Media LLC’s food and culture brand Munchies is coming to life for the first time as Munchies Food Hall in East Rutherford’s coming megamall American Dream.
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Friday, August 17, 2018
Report Campbell hires Goldman to scout possible divestitures
Campbell Soup Co. has recruited Goldman Sachs to look into selling some of its businesses to pay off debt, according to a published report.
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Cushman facilitates sale of Meadowlands industrial site
Real estate services firm Cushman Wakefield said Friday it arranged the sale of 698 Route 46, an almost 617,000-square-foot industrial building located in the Meadowlands.
Somerset Plaza Shopping Center sells for 12.78M
Commercial real estate firm Marcus Millichap on Friday announced the sale of Somerset Plaza Shopping Center, a 67,530-square-foot retail shopping center located in Franklin Park, for 12,775,000.
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KRE, National secure 210M in financing for Journal Squared tower
Real estate investment and management company KRE Group and National Real Estate Advisors LLC said they have closed on 210 million in permanent financing for the first completed tower at Journal Squared, the mixed-use development complex in Jersey City’s historic Journal Square neighborhood.
Somerset Plaza Shopping Center sells for 12.78M
Commercial real estate firm Marcus Millichap on Friday announced the sale of Somerset Plaza Shopping Center, a 67,530-square-foot retail shopping center located in Franklin Park, for 12,775,000.
Kushner cushions position in Long Branch
The Kislak Co. Inc. has announced the off-market sales of two Pier Village-adjacent properties to an affiliate of New York City real estate company Kushner Cos. , totaling 4. 5 million.
Thursday, August 16, 2018
Crunch gym to open new Moorestown location
A new 26,000-square-foot Crunch gym will open Nov. 1 in Moorestownrsquos Eastgate Square shopping center, the company announced Thursday.
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Kirker plants roots in Paterson
Nail polish and treatment manufacturer Kirker Enterprises Inc. has purchased its previously rented land, office and manufacturing space in Paterson, which sits on 9. 4 acres.
HFF acquires financing for Burton buy
Holliday Fenoglio Fower LP has acquired financing on behalf of Burton Real Estate for warehouse and distribution center 103 Central in Mount Laurel.
E-retailer CarID.com expands portfolio of websites
Aftermarket auto parts e-retailer CarID. com introduced seven new websites Thursday to connect customers to a greater variety of recreation gear.
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Klear makes SVP at NAI Mertz
Commercial real estate firm NAI Mertz has announced the promotion of Jonathan Klear to senior vice president.
Hollister's head coach steps to the sidelines
Hollister Construction Services Head Coach Christopher Johnson is stepping back from day-to-day management at the firm he and Kiran Flanagan founded in 2004, the company said.
East Brunswick opens bidding for developers to overhaul highway corridor
Local officials from the township of East Brunswick are opening a bidding process for developers who would be tasked with overhauling over 30 acres of mostly vacant space running parallel to Route 18 in the latest in a yearslong effort to overhaul the blighted highway corridor.
Strategic Micro Systems signs lease for 111 Littleton
IT services firm Strategic Micro Systems has signed on for 6,905 square feet of space in Parsippany.
Coming Spring 2020 Pendry Natirar
Pendry Hotels will redevelop Peapack-Gladstone’s Natirar to become Pendry Natirar and Pendry Residences Natirar for spring 2020.
Wednesday, August 15, 2018
Destination Maternity CFO steps down
David Stern, executive vice president and CFO of Destination Maternity Corp. , resigned from the Moorestown-based retailer on Friday, the company announced Tuesday.
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Team Resources makes Carlstadt, Clifton sales
Commercial and industrial real estate company Team Resources Inc. announced the sales of two properties totaling 174,000 square feet.
Cushman delivers Hampton spot for Calif. logistics company
Chino, Ca. -based Kal Freight Inc. has purchased a 30,000-square-foot warehouse in Hampton, marking its first expansion to the East Coast.
PTC Therapeutics extends lease in South Plainfield
Biopharmaceutical company PTC Therapeutics Inc. has extended the lease for its corporate headquarters and research and development facility in South Plainfield, National Realty Development Corp. announced.
Tuesday, August 14, 2018
Partnership secures 244 acres for preservation in Lebanon Township
A private-public partnership has acquired 244 acres in Lebanon Township to preserve the space from future development.
UNLMTD brokers Hoboken sale
Hoboken-based UNLMTD Real Estate Brokerage has announced the sale of a triple net portfolio, also in Hoboken.
MM completes 2.5M Montclair sale
Marcus Millichap has completed the sale of 70 Park Montclair for 2. 5 million.
Kislak multifamily sales snag 3.75M
Woodbridge-based The Kislak Co. Inc. has announced the sale of two multifamily properties in Orange for 3. 75 million 490 Tremont Ave. and 580 Forest St.
Newell Brands sells Goody Products
Hoboken-based consumer goods company Newell Brands signed a definitive agreement to sell its Goody Products brand to private equity investment firm ACON Investments.
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Monday, August 13, 2018
FilStop finds second location in Clifton
FilStop will open its second flagship store at Clifton Plaza in Clifton, commercial real estate services firm Levin Management Corp. said.
NJBIZ Lists Mortgage Bankers and Brokers
View the top ranked New Jersey Accounting Degree Programs in the August 13 issue of NJBIZ.
Base Coat signs on at Short Hills Town Center
Vantage Real Estate Services has secured a lease for Base Coat Nail Lounge at Short Hills Town Center in Cherry Hill, the firm has announced.
Somerville retail spot goes for 2.3M
Marcus Millichap Regional Manager Brian Hosey announced the sale of a retail property in Somerville for 2,320,000.
Pioneering Montclair mortgage company perseveres
Autumn Urling is determined to carry on her mother's legacy.
CANY gives its high-rise inspectors lots of rope
When Rob Lichtenberger is not in the office, he’s busy scaling high-rises.
ALDI expands offerings, NJ footprint
Grocery chain Aldi announced a major product expansion in its stores across the U. S. , which includes more than 40 already in New Jersey and five more to come later this year.
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Friday, August 10, 2018
ISN inks industrial lease in Somerset
Auto tool and equipment company Integrated Supply Network has transitioned from subtenant at its Somerset location to occupancy of the entire 86,000-square-foot property, according to commercial real estate brokerage Cushman Wakefield.
Thursday, August 9, 2018
Marcus Millichap completes 3.2M Flemington sale
Commercial real estate firm Marcus Millichap has completed the sale of a 33,000-square-foot Class B medical office building in Flemington for 3,285,000.
Dr. Praeger's inks Edison lease
Elmwood Park-based Dr. Praeger’s Purely Sensible Foods has signed a long-term, industrial lease in Edison, CBRE said.
Colliers closes Piscataway sale
Colliers International Group Inc. has arranged the sale of a 138,629-square-foot asset in Piscataway to private investor Brandon Rolnick.
Stockton University trustees approve AC purchase
The Stockton University Board of Trustees approved Wednesday a purchase agreement with TJM Properties for Atlantic City’s former Atlantic Club.
Newark finalizes 2 billion in local incentives for Amazon
The Newark City Council approved two ordinances Wednesday that authorize the offering of 2 billion in economic incentives to Amazon aimed at bringing the e-commerce giant’s second North American headquarters to the city.
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Wednesday, August 8, 2018
Kingsway continues relationship with WCRE
Wolf Commercial Real Estate has been retained as exclusive agent by Kingsway Learning Center for the sale and marketing of two properties.
Tuesday, August 7, 2018
Gebroe-Hammer touts banner first half
Livingston investment brokerage Gebroe-Hammer Associates has reported over 775 million in sales – that’s 5,645 units – for the first two quarters of 2018, President Ken Uranowitz announced.
DMR banking on redesigns
DMR Architects has completed plans for the renovation of SB One Bank at The Avenue Collection complex in Weehawkin, the Hasbrouck Heights-based firm announced.
Realogy adds Checkers' Silva to board
Realogy Holdings Corp. has appointed Enrique “Rick” Silva, president and CEO of Checkers Drive-In Restaurants Inc. , to its board of directors to serve on the audit committee.
Turtle Hughes opens distribution center in Piscataway
Linden-based electrical and industrial distribution company Turtle Hughes has opened a 45,760-square-foot regional distribution center at 266 Old New Brunswick Road in Piscataway to support daily delivery to New York City.
Cushman tagged to lease North Bergen industrial
Cushman Wakefield has been named the leasing agent for the 130,000-square-foot Bergen Logistics Building in North Bergen.
Atlantic Real Estate Services to broker North Jersey industrial
Bridgewater-based Atlantic Real Estate Services has announced it will serve as exclusive broker to Goodman North America in marketing its 100,031-square-foot industrial property in East Rutherford.
Sitex acquires Moonachie warehouse
Sitex Group, a real estate and development company specializing in industrial properties, has added 131 W. Commercial Ave. to its portfolio.
Capital Realty arranges 130M Hudson County transaction
Capital Realty Associates has arranged the 130 million sale of 66 multifamily buildings in Bayonne and Union City.
Hanson nabs first NJ CityLife location for Ampersand Health
NAI James E. Hanson said it represented Nashville, Tennessee-based Ampersand Health in procuring a location for its first clinic in New Jersey.
Six weeks later, still not in the bag
Monday marked 45 days since the state Legislature sent Gov. Phil Murphy a bill that would impose a 5-cent fee on plastic bags, but he has yet to take any action or comment on the bill.
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Monday, August 6, 2018
Kearny industrial property sold
Commercial real estate brokerage The Blau Berg Co. has announced the sale of an industrial warehouse distribution facility in Kearny.
Amendment would ease restrictions on tax deductions for seniors, disabled
A GOP lawmaker is eyeing a proposal to ease requirements on who has access to the seniors-and-disabled property tax deductions.
Friday, August 3, 2018
Marchetto Higgins Stieve promotes Buldo to partner
Jersey City-based Marchetto Higgins Stieve Architects has promoted Michael Buldo to partner at the firm.
P3 purchases Somerset Financial Center
In a deal brokered by Cushman Wakefield, P3 Properties has purchased Somerset Financial Center in Bedminster from Related Cos.
LMC to manage Oak Tree Center in Edison
North Plainfield-based commercial real estate services firm Levin Management Corp. will now manage Oak Tree Center in Edison.
Thursday, August 2, 2018
Brookstone files for bankruptcy, closing mall stores
Brookstone Co. , the product developer and retailer of wellness, entertainment and travel products, said Thursday it is seeking a buyer and hopes to facilitate a sale by filing for Chapter 11 bankruptcy and closing its remaining 101 mall stores.
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Mock upped to exec vp at Vitamin Shoppe
After serving as a consultant to The Vitamin Shoppe Inc. since January, David Mock has been elevated to executive vice president, chief merchandising and marketing officer.
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NJ HMFA, NJHA team up for affordable housing pilot
The New Jersey Housing and Mortgage Finance Agency and New Jersey Hospital Association have struck a partnership to bolster hospitals’ investment for supportive housing in local communities.
Siracusa named president of residential brokerage at Weichert
Carlo Siracusa has been named president of residential brokerage for Weichert, Realtors.
Kislak brokers Quail Creek Shopping Center sale
The Kislak Co. Inc. said it brokered the sale of the Quail Creek Shopping Center in Howell for 4. 43 million in an off-market deal.
This was Subaru of America's best July ever
Last month, the Camden-based company sold 59,426 vehicles and reported a 6. 7 percent year-over-year increase from July 2017 to July 2018.
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ADP employment report 219K jobs added in July
American employers added 219,000 jobs in July, Roseland-based payroll processing company ADP said in a report issued Wednesday.
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ADP employment report 219K jobs added in July
American employers added 219,000 jobs in July, Roseland-based payroll processing company ADP said in a report issued Wednesday.
Wednesday, August 1, 2018
Stockton completes sale of Seaview Hotel Golf Club
Stockton University has completed the sale of Stockton Seaview Hotel Golf Club to KDG Capital of Florida for 21,070,000.
Joint venture acquires Allendale portfolio
In a joint venture, Camber Real Estate Partners and Advance Realty have acquired a seven-building portfolio in Allendale with plans for select capital improvements.
CBRE arranges industrial lease for Gordon Logistics
Supply-chain solutions company Gordon Logistics has signed a long-term industrial lease at 180 Raritan Center Parkway in Edison.
Simon joins B6 as partner, NJ executive managing director
David Simon has joined Manhattan-based B6 Real Estate Advisors, launched earlier this summer, as executive managing director of New Jersey operations and partner of the firm.
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