Middlesex Residential Urban Renewal receives 9.2M from The 100 Mile Fund

Procida Funding LLC announced Friday The 100 Mile Fund, which the company manages exclusively, provided a 9,200,000 pre-developmentearly stage construction loan to Middlesex Residential Urban Renewal LLC.

Two Men and a Truck eyes expansion in 12 NJ markets

Moving house and need some help? Michigan-based moving company Two Men and a Truck is expanding its New Jersey footprint with a location in Clifton, and looking for locations in 11 additional markets.

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Avison Young inks 5 new leases in Ramsey

Avison Young has closed five separate office leases, representing more than 11,600 square feet total, in Ramsey.

Team Resources closes leases for Henkels McCoy, LW Supply Corp.

Engineering and construction firm Henkels McCoy has leased approximately 42,500 square feet in Newark, Team Resources announced Thursday.

Union mixed-use building sets record 540 per square foot, MM says

4900 Bergenline Ave. in Union has sold for 5,050,000.

Nutley mixed-use building sells for 1.89M

A mixed-use building featuring seven residential and five retail units in Nutley has sold for 1,885,000.

Dollar Tree, Goodwill expand NJ footprint

Two new Dollar Tree locations are coming to New Jersey through its exclusive statewide real estate representative R. J. Brunelli Co. , based in Old Bridge.

Dollar Tree, Goodwill expand NJ footprint

Two new Dollar Tree locations are coming to New Jersey through its exclusive statewide real estate representative R. J. Brunelli Co. , based in Old Bridge.

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Newell Brands taps new CFO

Hoboken-based Newell Brands named Chris Peterson executive vice president and chief financial officer, effective Dec. 3.

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Russo to recreate Kearny industrial site as multifamily, Cushman says

Russo Development will redevelop Kearny&#8217s &#8220Bat Factory&#8221 property, following its purchase of the six-acre site, as the second phase of its Vermella West Project.

Quest Diagnostics to build 250,000-square-foot lab in Clifton

Quest Diagnostics announced Wednesday that it will build a flagship laboratory in Clifton.

Bloom and Piechowski bolster McLaren leadership

Dawson Bloom and Michelle Piechowski have been added to Woodcliff Lake-based McLaren Engineering Group&#8217s growing leadership team.

ElectroCore ups manufacturing in Rockaway

Basking Ridge-based bioelectronics medicine company ElectroCore Inc. has announced its expansion to Rockaway in support of increasing patient demand for its gammaCore product.

New North Jersey industrial building sells for 51M

The Hampshire Cos. has sold an industrial building at 700 Union Blvd. in Totowa, completed this year, for 51 million.

Frog Hollow development seeks to revitalize neighborhood

Elizabethrsquos Frog Hollow neighborhood will leap into 2019 with a new multi-million dollar redevelopment, through an effort between GonSosa Development, the city and the Elizabeth Development Corp.

Kislak closes 6.5M sale in Elizabeth

Two multifamily properties in Elizabeth, totaling 62 units, have sold for 6. 5 million, Woodbridge-based The Kislak Co. announced.

Bussel signs 76,556 square feet in industrial leases

Philadelphia Truck Lines and Blossom Kitchen Bath Supply have inked leases in Linden and Kearny, respectively, totaling more than 76,000 square feet, Edison-based industrial real estate services firm Bussel Realty Corp. has announced.

Campbell, Third Point reach agreement

An agreement between Campbell Soup Co. and investor Third Point LLC has finally been reached after a months long battle over the fate of Campbell&#8217s board of directors.

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Roseland property fetches 17.2M

3 Becker Farm Road in Roseland has sold for 17. 2 million&#8212that&#8217s a record-making 150 per square foot for the Essex County city, according to Newmark Knight Frank.

GS1 US arrives in Ewing

Ewing Mayor Bert Steinmann and more than 100 employees gathered Monday in Ewing to celebrate GS1 US&#8217s move to the Princeton South Corporate Center.

Vanguard Series Leaders in commercial real estate

As part of NJBIZ&#8217s winter Real Estate Report, we are including a special Vanguard Series section looking at people connected to the commercial real estate sector who were nominated by their respective companies for significant contributions made over the past year.

Looking for trouble High-yield lenders willing to take on the projects others steer clear of

When real estate developers approach a bank for financing, they will usually tidy up the company&#8217s financial statements and other documents and put the finishing touches on a presentation highlighting the expected return on the project.

A multimillion-dollar balancing act Builders must weigh short- and long-term concerns when assuming risk

When New York City-based Hugo Neu Corp. began the 1 billion, multiyear Kearny Point project in 2014 &#8212 redeveloping the 130-acre former Kearny shipyard as a center for office, co-working and retail space &#8212 &#8220the common wisdom was that there was already too much office space in New Jersey and no need for office space in. . .

Finding that first home Millennials, others may be surprised to learn they can qualify for mortgage

Being a millennial can be tough. The generation generally defined as 25-34 years old encompasses a lot of people who are staggering under huge student-loan debt and many also came of age during the Great Recession, when good-paying jobs were disappearing like melting icicles.

Jersey to Germany How Pratos took Joe Tea global

A cafe in Copenhagen, Denmark. An airport in Frankfurt, Germany. Joe Tea is a small New Jersey company with a big international reach. When husband-and-wife team Steven and Ann Prato started the company out of the backseat of a Dodge Intrepid in 1998, they had trouble tapping into the local market. But by making some creative inroads they have. . .

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VA home-purchase loans up 80 in NJ, lender says

The nation&#8217s largest Veterans Administration lender said Wednesday home-purchase loans surged in New Jersey in fiscal year 2018.

Paterson mixed-use property sells for 6.7M

Commercial real estate investment company Marcus Millichap announced the sale of Park Ave Apartments, a mixed-use property in Paterson, for 6. 7 million, said Brian Hosey, regional manager of the firm's New Jersey office, in a release.

Edelstein joins Scarinci Hollenbeck's CRE group

Stephanie Edelstein joined law firm Scarinci Hollenbeck&#8217s commercial real estate group as counsel on Tuesday.

Nextage M3 Realty joins Better Homes and Garden

Residential real estate brokerage Nextage M3 Realty, with offices in Edison and South Brunswick, is the newest member of the Better Homes and Gardens Real Estate LLC franchise network.

Linde's gifts lift to Macy's parade

The Macy&#8217s Thanksgiving Day Parade is a tradition for millions across the U. S. , but, New Jerseyans can take special pride in knowing that Linde North America continues to give rise to the occasion by supplying helium for its famous balloons.

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Levin names Harris to new vp leasing position

Stephanie Harris is joining North Plainfield-based Levin Management Corp. in the newly created role of vice president of leasing.

David's Bridal files Chapter 11

David&#8217s Bridal is restructuring, but this won&#8217t stop brides from getting their dresses, the company announced Monday after filing Chapter 11 bankruptcy in Delaware that morning.

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Lidl to acquire Best Market stores in NJ, NY

German grocer Lidl will acquire 27 New York and New Jersey locations of the Long Island-based grocery chain Best Market.

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Equis, Fountain Group partner for Opportunity Zone fund

Equis Realty Partners LLC and The Fountain Group LLC are partnering to create Peek Development, a joint venture focused on Opportunity Zone projects in New Jersey, which already boasts more than 85 million in projects and 300 mark-rate units under contract.

NAI James E. Hanson negotiates Bloomingdale sale

The former Walker's Deli building and a two-family home situated next door in Bloomingdale have been sold.

Coming 2020 4.1M-square-foot Linden Logistics Center

Advance Realty and Greek Development announced plans for a 4. 1 million-square-foot Linden Logistics Center, which would be the largest active industrial development in the Port of New York-New Jersey region, according to the partnership.

REI names Newark top city in which to 'opt outside'

Newark's 82 public parks afford 93 percent of residents an opportunity that many elsewhere do not have a less-than-10 minute walk to get there. Nationally, only 55 percent of residents of large cities live that close to park land.

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Country Club Plaza sold to Premium Capital Resources

Premium Capital Resources has purchased Paramus&#8217 Country Club Plaza from Garrison Investment Group and Onyx Equities.

Mirante added to Avison Young board

Arthur Mirante, principal and president of the tristate region for Avison Young, has been appointed to the commercial real estate services firmrsquos board of directors.

Team Resources announces two lease deals

Commercial and industrial real estate agency Team Resources has completed two lease deals.

Panel Construction companies challenged to find workers

Construction in New Jersey is booming to the degree that there is a shortage of qualified labor to perform the volume of jobs, according to three panelists who took part in an industry panel Wednesday in Whippany.

Amazon HQ2 in NYC called 'win-win' for metro area

Despite Amazon's bypassing of Newark for the location of its second North America headquarters, New Jersey businesses and public officials alike are saying the state has not quite been left in the dust.

Eastman Cos. announces leases for The Shoppes at Livingston Circle

Aldi, Fitness 1440, Moxie Salon Beauty Bar and Cookie Cutters for Kids have all signed on for The Shoppes at the Livingston Circle, commercial real estate company Eastman Cos. has announced.

Colliers inks 304,000 square feet in distribution deals

In the past month and a half commercial real estate service firm Colliers International NJ LLC said it completed four long-term warehousedistribution lease transactions totaling more than 300,000 square feet.

It's official Amazon's HQ2 headed to New York, Virginia

Amazon made official Tuesday its selection of New York City and Arlington, Va. , as the locations for its new North American headquarters.

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SOMA of Somerville planning for 2018 launch

SOMA in Somerville on schedule for completion with a launch anticipated before 2019, developer Sterling Properties announced.

New ShopRite coming to Wayne

Crossroads Companies LLC will construct a new 79,540-square-foot Inserra ShopRite at the Wayne Hills Mall after signing a long-term ground lease with mall owner Levco Associates.

Amazon chooses Virginia, NY for HQ2, reports say

Amazon has chosen locations in Northern Virginia&#8217s Crystal City and New York City for its much-ballyhooed second North American headquarters, splitting up to 50,000 jobs between the two sites, according to various published reports including one from the Washington Post, which is owned by Amazon Founder and Chairman Jeff Bezos.

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Wainscot Media relocating to Park Ridge

Montvale publisher Wainscot Media is moving to Park Ridge.

Alfred Sanzari chooses RJ for PR, marketing

Alfred Sanzari Enterprises has named RJ Strategic Communications as its agency of record, RJ announced Monday.

L'Oreal's Clark RD facility sells for 15.8M

ANG Management has purchased 175-195 Terminal Ave. at the Clark Commercial Center, the home of L&#8217Oreal&#8217s North American RD division, from Denholtz Associates for 15. 84 million.

JLL to lease Hoboken office building

Ivy Realty LLC has chosen JLL as exclusive leasing agent for its downtown Hoboken office building.

Clark office building goes for 10.525 million

Joint-venture partners Mountain Development Corp. and Bukiet Building and Management Co. have traded 67 Walnut Ave. in Clark for 10. 525 million.

Joshua Motor Cars buys Pennsauken plot

Haddonfield Properties, doing business as Joshua Motor Cars, has purchased a 3,500-square-foot Pennsauken property from Auto Depot of Williamstown LLC.

HFF secures 9.94M in financing for Bergen County space

Holliday Fenoglio Fowler LP has secured 9. 94 million in acquisition financing on behalf of Northeast Capital Group of Ramapo, N. Y.

100 Mile Fund to provide 38.5M to Nyack College

Procida Funding has provided Nyack N. Y. College with a 38. 5 million debt consolidation and working capital loan on behalf of The 100 Mile Fund, which Procida manages exclusively.

Transformation begins at former Wonder Bread factory in Hoboken

Construction has begun on the 120 million project to transform Hoboken&#8217s former Wonder Bread factory into the Wonder Lofts, a residential property featuring 89 units.

Ironside Newark nabs 2 new tenants

Real estate company Edison Properties said it is relocating its headquarters to Ironside Newark early next year.

EDA approves 39M tax credit to software company GoBrands

The New Jersey Economic Development Authority approved a tax credit award of 39. 1 million to delivery software company GoBrands Inc. to construct new facilities in Gloucester County.

Design 'smart cities' around people, Tech Day panelists suggest

In New Jersey&#8217s cities of tomorrow, kitchen appliances could alert homeowners they need to be replaced. Smart meters could tell them how to lower their electric bill. Commuters would be able to use ride-sharing apps to connect them from home or work to the nearest train station &#8212 via bicycles or electric scooters rather than cars.

OwnBackup signs on for Sylvan Corporate Center

OwnBackup Ltd. has signed an 11-year lease for 30,000 square feet of space at the Sylvan Corporate Center in Englewood Cliffs.

Hand Stone coming to Somerset Shopping Center

Hand Stone Massage and Facial Spa has leased 2,990 square feet at Bridgewater&#8217s Somerset Shopping Center, Levin Management Corp. announced Thursday.

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Hand Stone coming to Somerset Shopping Center

Hand Stone Massage and Facial Spa has leased 2,990 square feet at Bridgewater&#8217s Somerset Shopping Center, Levin Management Corp. announced Thursday.

MRC closes 67.5M loan for Harrison multifamily projects

Madison Realty Capital announced Thursday it has closed a 67. 5 million loan for the acquisition and construction of two multifamily development sites in Harrison.

Bergen County apartment complex sells for 43M

Bergen County&#8217s The Fairview has sold for 43 million, Holliday Fenoglio Fowler LP said.

Red Bank planning board approves The Rail

Updated plans for The Rail Red Bank Station have been unanimously approved by the Red Bank Borough Planning Board.

Newell Brands selling off two businesses for 2.5B

Consumer goods manufacturer Newell Brands signed definitive agreements to sell two businesses, Pure Fishing and Jostens, it announced Wednesday.

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Hospitals asked to participate in 12M housing partnership

The New Jersey Housing and Mortgage Finance Agency has asked hospitals in the state to participate in a 12 million partnership program designed to promote investment in affordable and supportive housing in their communities.

TD to fund 6M for veterans housing

TD Bank has provided the Affordable Housing and Services Collaborative Inc. and Peabody Properties Inc. a 6 million construction loan for the expansion of a Basking Ridge Veterans Affairs Supportive Housing community for homeless and at-risk veterans.

Destination Maternity to close 117 stores

Destination Maternity announced it plans to close 117 stores by the end of fiscal year 2018 as part of a multiyear strategic plan.

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Murphy, Baraka decry Amazon reports as 'speculation'

Gov. Phil Murphy and Newark Mayor Ras Baraka cast as &#8220speculation&#8221 published reports that Amazon has chosen sites in New York and Virginia for its second North American headquarters, bypassing New Jersey&#8217s largest city.

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Fujitsu General signs on for Rockefeller Group Logistics Center

In a move to consolidate and expand its New Jersey distribution operations, Fujitsu General America Inc. has leased 155,000 square feet at the Rockefeller Group Logistics Center in Piscataway.

G.S. Wilcox secures financing for 17.6M warehouse

G. S. Wilcox Co. has completed 17. 6 million in financing for a Middlesex County warehouse.

WCRE announces sale, leases

Wolf Commercial Real Estate announced it had represented BBT Bank in the sale of 3104 Bridgeboro Road to AdvoCare LLC.

Unity Bank funds 3.6M Union City expansion

Hudson Gas Auto Service Inc. has received a 3. 6 million Small Business Administration loan for a renovation and expansion.

E-commerce drives NJ industrial market to record 2018

The New Jersey Industrial market is going strong &#8212 and breaking records &#8212 heading into the fourth quarter of 2018.

NJHMFA awarded HUD grant for expanded counseling

The New Jersey Housing and Mortgage Finance Agency has received a grant of approximately 250,000 from the U. S. Department of Housing and Urban Development to support housing counseling in the state.

CW adds 2.2M square feet in property management

Cushman Wakefield said it has upped its property management assignments by 2. 2 million square feet in the Garden State.

Oppel to lead NJ property management for JLL

Mary Oppel has been promoted to the role of regional operations manager for JLL&#8217s property management business in New Jersey, the real estate company announced Tuesday.

New leases, improvements announced for Plaza 35

Jacobs Enterprise Inc. and Pierson Commercial announced a number of new leases for Plaza 35 Shopping Center in Wall.

Teterboro Walmart fetches 37.5M

A single-tenant Walmart ground lease at Teterboro Landing has sold for 37,481,551.

Avison Young arranges 21.1M loan for Allendale industrial

The New Jersey office of Avison Young said it arranged a 21. 1 million loan to refinance a multitenant industrial property in Allendale.

Retailers expecting fruitful holiday season, survey says

More than 87 percent of store managers polled by North Plainfield-based Levin Management Corp. said they expect their holiday sales to meet or exceed last season.

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Retailers expecting fruitful holiday season, survey says

More than 87 percent of store managers polled by North Plainfield-based Levin Management Corp. said they expect their holiday sales to meet or exceed last season.

HFF announces Ocean County retail sale

Forked River&#8217s Sunrise Plaza has sold, Holliday Fenoglio Fowler LP announced Monday.

Newark 'moving forward' despite reports Amazon eyeing HQ2 in Virginia

Despite indications Amazon plans to open its second North America headquarters in northern Virginia instead of Newark, the city&#8217s mayor said it is &#8220moving forward. &#8221

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Making something old new again Specter of historic tax credit presents 'huge' opportunity for cities, developers

Since the middle of the 19th century, the John A. Roebling&#8217s Sons Co. factory stood as one of the centerpieces of Chambersburg. At its peak, it employed 15,000 workers in a sprawling complex, famed for the Roebling wire rope &#8212 metal cables and wires used in the George Washington and Golden Gate bridges, as well as electrification,. . .

Come for the experience, leave with the goods

Traditional brick-and-mortar retailers are moving more toward experiential shopping to get people in the door. At Canada Goose in The Mall at Short Hills, customers can try on the brand&#8217s parkas in what&#8217s called The Cold Room, which can get down to as low as -13 degrees.

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Campbell to shareholders Third Point's plan looks like ours

The soup is heating up between Campbell Soup Co. and New York-based hedge fund Third Point LLC in the battle to win over Campbell&#8217s shareholders ahead of a Nov. 29 annual meeting that could oust the company&#8217s current board of directors.

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Toys R Us' Geoffrey the Giraffe rises from the ashes

Toys R Us may no longer be around, but Geoffrey the Giraffe remains.

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MM announces 1.1M Sayreville sale

A nine-unit Sayreville apartment building has sold for 1,165,000.

Realogy CFO Hull to retire

Anthony Hull, executive vice president, chief financial officer and treasurer for Madison-based Realogy Holdings Corp. , will retire from his position effective Nov. 5, the company announced Friday.

JLL to lease The Mark in Rockaway

Northbridge Investment Management Inc. has chosen JLL as exclusive leasing agent for the recently rebranded The Mark in Rockaway.

Pharmaceutical company inks Parsippany lease

Edenbridge Pharmaceuticals has leased 18,500 square feet in The Offices at Fox Hill in Parsippany.

Overhyped or sound investment Experts debate Opportunity Zones at Sax event

A panel of three real estate development professionals shared mixed perspectives on the federal Opportunity Zone program as a key to spurring development at a real estate industry event Thursday sponsored by accounting, tax and advisory company Sax at the ON3 building in Nutley.

MM announces Jersey City sale

Marcus Millichap has announced the sale of a 9,400-square-foot mixed-used property in Jersey City.

Aldi rolls out NJ delivery with Instacart

German grocer Aldi is the newest adopter of grocery delivery in New Jersey.

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