Friday, September 28, 2018

Transwestern relocating to Florham Park

Transwestern is expanding and moving its New Jersey operations to Florham Park.

HUD grants NJ 12.6M to help with homelessness, affordable housing

Bergen County will receive a grant of over 12. 6 million from the federal government to help fight the state&#8217s housing crisis, U. S. Reps. Bill Pascrell and Josh Gottheimer, both Democrats, announced Friday morning.

Pentax Medical's Montvale building sells for 14M

Northeast Capital Group has purchased 3 Paragon Drive in Montvale for 14 million, JLL announced Friday.

NJBIZ reveals 2018 Fast 50 list

Twenty-two never-before-ranked companies appear on this year's list of NJBIZ Fast 50 honorees.

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NJBIZ reveals 2018 Fast 50 list

Twenty-two never-before-ranked companies appear on this year's list of NJBIZ Fast 50 honorees.

Thursday, September 27, 2018

Woodmont Square in Bridgewater sells for 32.55M

Bridgewater&#8217s Woodmont Square Apartments has sold for 32. 55 million, commercial real estate firm Gebroe-Hammer Associates said Thursday.

Wednesday, September 26, 2018

Glendale Business Park nets 9M

Glendale Business Park in Edison has been sold to an undisclosed buyer for 9 million, industrial real estate services firm Bussel Realty Corp. announced Wednesday.

Sussex mixed-use The Creamery nabs 2.25M

The Creamery at 16 Walling Ave. in Sussex has sold for 2. 25 million, The Kislak Co. Inc. has announced.

CAPC receives 12M to purchase, rehab homes

Community Asset Preservation Corp. has been awarded 12 million in New Markets Tax Credits &#8211 the largest amount allocated in 2018 &#8211 from the Housing Partnership Network, New Jersey Community Capital announced Tuesday.

Tuesday, September 25, 2018

NYC's Mood Fabrics takes runway to Lodi

Mood Fabrics, which gained popularity as the go-to shop for designers on Bravorsquos Project Runway, is moving into Bergen County, having purchased a 73,373-square-foot industrial property in Lodi.

JZAD's Zinder to serve on NJ AIA executive committee

JZAD Founding Principal Joshua Zinder has been elected vice president of the American Institute of Architects&#8217 New Jersey chapter, the Princeton-based architecture and design firm said Tuesday.

Murphy advances rules for SALT work-around despite IRS threats

The Murphy administration plans to push ahead with the implementation of rules that would allow a state to circumvent the federal cap for state and local taxes, despite a push to clamp down on such efforts.

Jet.com expands to over 200,000 square feet in Hoboken

E-commerce purveyor Jet. com is again expanding its Hoboken Waterfront Corporate Center headquarters, SJP Properties said Monday.

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Jet.com expands to over 200,000 square feet in Hoboken

E-commerce purveyor Jet. com is again expanding its Hoboken Waterfront Corporate Center headquarters, SJP Properties said Monday.

Monday, September 24, 2018

Moe's Southwest Grill coming to River Edge

River Edge is getting a Moe&#8217s Southwest Grill. The Tex-Mex chain inked a deal with Cushman Wakefield to enter a 2,680 square-foot space in the New Bridge Landing Shopping Center in the location of the former California Tortilla.

Rutgers announces 2018 Center for Real Estate board members

New Jersey Economic Development Authority CEO Tim Sullivan, New Jersey Redevelopment Authority Executive Director Leslie Anderson, Maser Consulting Chairman and CEO Richard Maser and Cushman Wakefield Managing Principal Andrew Judd are some of the names included in The Center for Real Estate at Rutgers Business School&#8217s announcement of its. . .

Gristedes joins Allegiance supermarket co-op

Iselin-based supermarket co-op Allegiance Retail Services LLC has added New York-based chain Gristedes to its roster of grocery stores.

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Friday, September 21, 2018

NJEDA Brooklyn wholesaler consolidating in Roselle Park

Brooklyn, N. Y. -based electronic accessories wholesaler OEM Source is heading to New Jersey, the New Jersey Economic Development Authority announced Friday.

Jaguar Land Rover North America opens Mahwah headquarters

Jaguar Land Rover North America held its official opening ceremony this week, with a Royal in attendance.

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Mack-Cali sells Horizon Drive buildings

Mack-Cali has sold a two-building portfolio in Hamilton, NKF Capital Markets announced.

MM sells River Vale building for 4.8M

Marcus Millichap has sold The Rudd O&#8217Connor Building in River Vale for 4,838,900.

Kean unveils business school rendering, 2020 completion date

The Kean University Board of Trustees approved a contract with Natoli Construction Corp. for its new College of Business and Public Management building coming to the former Merck-owned site at Morris Avenue in Union.

Special Properties and Christie's expand in Northern NJ with Gavura

Special Properties Real Estate Services LLC, a regional affiliate of Christie&#8217s International Real Estate, on Thursday announced the appointment of Robert Gavura as New Jersey regional vice president for Union, Morris and Somerset counties.

Thursday, September 20, 2018

Panel relates how old malls are becoming mini urban areas

For the first time in the post-Great Recession period, suburban growth in New Jersey surpassed that of the regional core. But after six years of a dramatic shift toward urbanization and New Jersey's downtowns, was 2017 just a blip or is suburban growth here to stay?

12M supportive-housing partnership aims for healthier communities

The New Jersey Housing and Mortgage Finance Agency board on Thursday unanimously approved a 12 million investment in a new partnership with the New Jersey Hospital Association to develop supportive housing as a means to create healthier communities.

Wednesday, September 19, 2018

Two from NJ to lead new Avison Young life sciences group

Commercial real estate services firm Avison Young has formed a life sciences specialty practice group to serve the specific real estate needs of the industry.

NJ Hall of Fame to take up residence at American Dream

The New Jersey Hall of Fame is planting roots after hitherto existing as a mobile museum.

Blazin' Bakery owner Sargente joins NJCBA advisory board

The New Jersey CannaBusiness Association added Blazin&#8217 Bakery owner Tara Sargente to its strategic advisory board, it said Wednesday.

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Tuesday, September 18, 2018

Panel 'Perception' key to success of cannabis business

Perception is one of the biggest hurdles cannabis businesses face when seeking approval from communities and municipalities, and was the view in vogue among the panel members at NJBIZ&#8217s Business of Cannabis event Tuesday at the Imperia in Somerset, moderated by New Jersey CannaBusiness Association President Scott Rudder.

Panel 'Perception' key to success of cannabis business

Perception is one of the biggest hurdles cannabis businesses face when seeking approval from communities and municipalities, and that view was in vogue among the panel members at NJBIZ&#8217s Business of Cannabis event Tuesday at the Imperia in Somerset, moderated by New Jersey CannaBusiness Association President Scott Rudder.

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Senate proposes buyback program for foreclosed homes

Towns and community development organizations would be able to turn foreclosed homes into affordable housing under a measure approved by the Senate Economic Growth Committee.

Prudential Center unveils lofty club concept

The Prudential Center unveiled renderings for The Lofts at the Infiniti Suite Level of the Newark event venue and home to the New Jersey Devils.

Marcus Millichap move mixed-use for 1.15M

Marcus Millichap announced the sale of 6507 Bergenline Ave. in West New York for 1. 15 million.

DSW moving into Parsippany's Waterview Marketplace

Discount shoe retailer DSW has signed a lease at Parsippany&#8217s Waterview Marketplace and is slated to open in early 2019.

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DSW moving into Parsippany's Waterview Marketplace

Discount shoe retailer DSW has signed a lease at Parsippany&#8217s Waterview Marketplace and is slated to open in early 2019.

Monday, September 17, 2018

Cushman clears construction financing for Hackensack multifamily

Work is set to begin on a new, 235-unit multifamily development in Hackensack, Cushman Wakefield said Monday, following its arrangement of approximately 52 million in construction financing.

West Essex Graphics expands in Fairfield

West Essex Graphics has expanded its Fairfield facility, the company said Monday.

Sunday, September 16, 2018

Kimberly Brennan Rising to top in a male-dominated industry

When Kimberly Brennan was honored with NJBIZ&#8217s 40 Under 40 award in 2008, she was working as the New Jersey managing director for Cushman Wakefield and responsible for three offices. But even then she had her eye on the C-suite.

Friday, September 14, 2018

Bergen County mixed medical-retail spot signs three leases

Metro Eye Care, Sport and Spine and Bergen Oral Surgery have all signed leases for the Franklin Lakes Towne Square, Cushman Wakefield Healthcare Practice Group Senior Director Jeffrey Prezant announced Friday.

Henri Bendel closing stores, website in January

The iconic brown-and-white-striped bags are to be no more.

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Former Jets star Tomlinson puts Basking Ridge estate on market

The home former NFL running back and Hall of Famer LaDanian Tomlinson called his during his brief time with the New York Jets will be offered at auction on Sept. 28 in Basking Ridge&#8217s Pheasant Crossing community.

Curaleaf releases first strain-specific vape concentrate in NJ

Curaleaf New Jersey on Friday said it has released the first cannabis strain-specific vape concentrate available in New Jersey.

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Part owner of High Times brands joins NJCBA board

Cannabis industry veteran Nicholas Zitelli has joined the board of the New Jersey CannaBusiness Association, it was announced Friday.

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Lawmakers seek to boost state's failing malls, office parks

State legislators want to tweak one of New Jersey&#8217s oldest redevelopment laws to give a shot in the arm to vacant and underused malls and corporate office parks.

Work begins on Dayton distribution center

Construction began on a 203,488-square-foot distribution and warehouse facility in Dayton, said commercial real estate services firm JLL.

Thursday, September 13, 2018

MM makes 8.5M Millburn sale

A fully occupied office building at 90 Millburn Ave. in Millburn has sold for 8. 5 million, Marcus Millichap New Jersey Office Regional Manager Brian Hosey announced Thursday.

Humanscale headed to Piscataway logistics center

Humanscale has signed on as a tenant for the anticipated 2. 1 million-square-foot Rockefeller Group Logistics Center currently in development in Piscataway, Rockefeller Group and venture partner PCCP LLC said Thursday.

HFF Medical office sale 'largest in NJ'

Holliday Fenoglio Fowler LP is touting &#8220the largest medical office sale in the state of New Jersey&#8221 a three-building, 538,107-square-foot property in Morristown.

Marcus Millichap makes Newark multifamily sale

Marcus Millichap on Wednesday announced the sale of a Newark apartment building for 1,137,500.

Montclair residential nets 17.25M

The Kislak Co. Inc. on Wednesday announced the sale of 70 residential units in Montclair for 17. 25 million.

Vantage RES secures Sewell location for Goodwill

Goodwill Industries of Southern New Jersey and Philadelphia has signed a long-term lease in Sewell, Vantage Real Estate Services announced Wednesday.

Wednesday, September 12, 2018

Former Mack-Cali CEO Rudin to head Savills Studley

Former Mack-Cali Realty Corp. CEO and Vice Chairman Mitchell Rudin is joining Savills Studley as president, Savills Chairman and CEO Mitchell Steir announced Wednesday.

Signature Acquisitions buys former iCims building for 19.75M

Signature Acquisitions has purchased 100 Matawan Road &#8211 the former home of iCims &#8211 for 19. 75 million, CBRE announced Wednesday.

Cushman closes 5 leases in Morristown

Cushman Wakefield has announced five leases for 44 Whippany Road, where the real estate firm serves as exclusive leasing agent.

Newmark nabs 30 leases for Livingston industrial

Newmark Associates has completed leases for 30 industrial units in Livingston, the Cedar Knolls real estate brokerage announced.

Groome relocating HQ to Fairfield

Groome Industrial Service Group and subsidiary Groome Door Mechanical Systems is moving its corporate headquarters to Fairfield, Charity Realty International LLC announced Tuesday.

Marcus Millichap snags 5.9M for Livingston retail spot

Marcus Millichap has sold a Livingston retail property for 5. 9 million, the commercial real estate firm&#8217s Regional Manager Brian Hosey said Tuesday.

Tuesday, September 11, 2018

Bussel secures industrial space for AEXGroup

Baltimore-based AEXGroup has signed a five-year, 35,000-square-foot industrial lease in Linden, Bussel Realty Corp. announced today.

Monday, September 10, 2018

Florida real estate firm to develop Hackensack multifamily

Boca Raton, Fla. -based real estate investment firm Waypoint Residential is embarking on its first residential redevelopment in the Garden State following the purchase of adjoining properties in Hackensack for 7. 45 million.

Levin leases to 100 percent in North Plainfield

CVS Plaza in North Plainfield has reached full occupancy with the signing of a lease for a United States Armed Forces Recruiting Office.

Lands' End opens first standalone NJ store

Outerwear retailer Lands&#8217 End opened its first standalone store in New Jersey on Monday in Bridgewater at Chimney Rock Crossing, a shopping center which opened this spring.

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Friday, September 7, 2018

Lord Taylor closing Monmouth Mall store

After nearly 30 years, the Lord Taylor store at the Monmouth Mall in Eatontown is slated to close in January.

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NAI James E. Hanson brokers Florham Park sale

Real estate brokerage NAI James E. Hanson has negotiated the sale of a 3,950-square-foot building in Florham Park, the company announced.

Thursday, September 6, 2018

Lawmakers want to ease process for buying back foreclosed homes

Two Essex County lawmakers want New Jersey residents to have a better shot at buying back their homes from foreclosures or purchasing a foreclosed home, which they say will stave off outside investors looking to snap up these properties.

Bell Works picks Two Road for hotel ops

Two Road Hospitality has announced it will manage the 186-room rooftop hotel coming to Holmdel&#8217s Bell Works.

Hollister hires Schlesier to oversee estimating

Hollister Construction Services has added Bruce Schlesier as vice president of estimating, the construction management firm announced Thursday.

Wednesday, September 5, 2018

Blau Berg signs 22,000 square feet of leases

Commercial real estate brokerage The Blau Berg Co. has secured over 22,000 square feet of leases at the Short Hills Executive Center.

Tuesday, September 4, 2018

Sabre names Korinis NJ Principal

Sabre Real Estate Group LLC has promoted Justin Korinis to principal for the real estate company&#8217s New Jersey office in Hasbrouck Heights.

CustomSpace moves into North East at North Bergen

CustomSpace, a full-service warehousing, storage and office space provider specializing in space from 250 to 10,000 square feet, has leased 82,200 square feet of space at 7001 Anpesil Drive in North Bergen, Colliers International NJ LLC Inc. has announced.

Federal SALT cap could hurt New Jersey's credit, Moody's says

The Internal Revenue Service&#8217s proposed denial of a workaround for the 10,000 federal cap on state and local taxes is likely to spell bad news for New Jersey&#8217s credit rating, Moody&#8217s Rating Agency said Tuesday.

Sams closing doors after 119 years

After 119 years in business, Sams Fine Men&#8217s Clothing in Livingston is closing its doors for good at the end of October.

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Retail tenants join downtown Newark Courtyard by Marriot

Just Beclaws and the U. S. Army Recruiting Command have each signed on for five-year leases at the base of the Courtyard by Marriot, located at 858 Broad St. in Newark, JLL announced.

Seeing green TD named gold-level leader

Cherry Hill-headquartered TD Bank has announced it has been named a gold-level Green Lease Leader in the tenant category for 2018, making the first bank ever to achieve such status.

Taking sneak peek at the Asbury Ocean Club

New York-based real estate company iStar has released renderings for its upcoming 17-story Asbury Park development the Asbury Ocean Club, Surfside Resort and Residences.

Supermarket chains sanguine about online shopping

If you relish old school brick-and-mortar shopping habits rather than snagging your goods online, you&#8217re not alone &#8212 especially when it comes to grocery shopping.

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