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BUSINESS NEWS

Semi-Annual New Jersey Retail Vacancy Survey Released By The Goldstein Group
PARAMUS--The Goldstein Group, New Jersey’s leading commercial real estate brokerage firm, recently completed its midyear survey of New Jersey’s retail marketplace and concluded that as of July 2010 there was an overall vacancy rate of 8.16% throughout Northern and Central New Jersey, compared to the 8.11% in January and 8.18% of July 2009. ...

NAI Hanson Completes 30,120-SF Industrial Lease Transaction in Linden
LINDEN--NAI James E. Hanson has announced the completion of a 30,120-sf industrial lease transaction at 340 Stiles St. in Linden....

IOREBA Secretary: We're Seeing Some Positives in the Market
PARSIPPANY--Increased activity, the flow of new money, a mark-down of assets, and stabilized vacancies are some of the positive signs that have emerged in the region’s commercial real estate market, according to Robert R. Martie, 2010-2011 Secretary of the Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA)....

Mack-Cali Announces Lease Expansion with Leading Global Bank
EDISON--Mack-Cali Realty Corporation has announced that The Bank of Tokyo-Mitsubishi UFJ, Ltd., a subsidiary of Mitsubishi UFJ Financial Group, has signed a nine-year, 24,607-sf expansion lease at Mack-Cali’s Harborside Financial Center in Jersey City....

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GREEN NEWS

Style Meets Sustainability in New York City's Herald Square
NEW YORK, NY--New York was the site of the launch of the North American Decor(k) Tour in Herald Square yesterday, courtesy of the Portuguese Cork Association (APCOR)....

PlanetReuse Lists Its Lines of Reclaimed Building Materials on GreenWizard
CHARLESTON, SC--GreenWizard®, Inc., the largest collection of green building product data for intelligent material selection, and PlanetReuse, a consulting-and-brokering company focused on reclaimed, FSC, and excess new building materials, have formed a new alliance that makes reclaimed building materials even more accessible to architects, engineers, and contractors (AEC) focused on LEED credits and green-and-sustainable building....

MetLife’s St. Louis Office Earns Energy Star Rating
ST. LOUIS--MetLife, Inc. has announced that its office at 13045 Tesson Ferry Road has earned an ENERGY STAR rating from the United States Environmental Protection Agency (EPA) for its superior energy performance and management....

Growth in Green Building Use Expected to Drive Use of BIM Tools Says New McGraw-Hill Construction Study
NEW YORK, NY--The growth of the green building market will drive adoption of Building Information Modeling (BIM) software, according to a new SmartMarket Report, Green BIM: How Building Information Modeling is Contributing to Green Design and Construction, released today by McGraw-Hill Construction, part of The McGraw-Hill Companies. ...

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PUBLISHER'S WATCH

Jonathan A. Schein

Why Beat Up a Fish Hatchery's Solar Panels?
Last week, Roger Meiners, a senior fellow a the Property and Environmental Center in Bozeman, MT and a professor of economics at the University of Texas, Arlington wrote an op-ed piece in the Wall Street Journal proclaiming the federal stimulus program directed at creating green jobs to be a "turkey." Meiners' reasoning is based on the cost of installing solar panels at the U.S. Fish and Wildlife Service's Ennis National Fish Hatchery at a cost of $179,000--all paid for by stimulus money. ...

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PERSPECTIVES

Cost Segregation is Timely Strategy For Commercial Property Owners Who Filed Tax Extensions This Year

Eli LoebenbergWhile the economy struggles to improve, owners of investment property and property used for business are looking for every tool to improve their bottom line, especially as the deadline on tax returns on extension for this year draw near. Individuals and companies looking at a large tax liability as of September 15 or October 15 are sure to celebrate any business strategy that provides a tax benefit and increases cash flow.

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