NEWARK--Mayor Cory A. Booker and Tucker Development Corporation in partnership with Marriott International, the New Jersey Devils and Robert Finvarb Companies, has announced plans for a Courtyard by Marriott at the Prudential Center, just a few blocks from Penn Station in downtown Newark.
Business News
HACKENSACK--The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) will host its monthly meeting on Monday, Feb. 22.
BERKELEY HEIGHTS-- The Kislak Company, Inc. recently completed the $1,350,000 sale of 14 affordable housing units in the Villas on the Park condominium complex located at 25 - 51 Springholm Drive, Berkeley Heights.
SHORT HILLS-- The full impact of the economic downturn has likely not been felt yet, although there are signs of that ongoing impact in the form of higher commercial real estate vacancy rates and reduced rents. And when the economy—and real estate—do bounce back, the uptick won't be a quick one. That was the message delivered by a panel of experts at the annual meeting of NAIOP-New Jersey, held at the Hilton Short Hills.
NEWARK--Mayor Cory A. Booker, members of the Newark Municipal Council, Thomas Cetnar and Frank Bolton of Bears Baseball LLC, and American Red Cross of Northern New Jersey Chief Executive Officer Ray Shepherd cut the ribbon to open the American Red Cross of Northern New Jersey’s new service center, located in Bears and Eagles Riverfront Stadium, at 450 Broad Street, in Newark.
MONROE TOWNSHIP--Industrial/Commercial Real Estate Women, Inc. (ICREW NJ) will host its Ninth Annual ICREW NJ Golf Classic and Reception on Thursday, May 6, 2010 at the Forsgate Country Club in Monroe Township.
KINGSTON, NY—ScheinMedia announces the publication of comprehensive maps of green residential development projects in the New York metro region.
BRIDGEWATER--Christmas Tree Shops has opened its latest store, occupying 28,750 sf at Somerset Shopping Center. The 214,000-sf center, leased and managed by Levin Management Corporation, is now at 100% occupancy.
FLORHAM PARK--Bergman Real Estate Group announced three long-term leases at Florham Park Corporate Center, located at 25 A & B Vreeland Road in Florham Park. The privately owned real estate investment firm owns and manages office properties throughout New Jersey.
ANDOVER--NAI James E. Hanson has announced the completion of a 2,150-sf, industrial lease transaction at 134 Route 206, in Andover.
NORTH BRUNSWICK--Kipcon Inc. recently welcomed John G. Waltz, PE as a new project manager.
NEW YORK--Cushman & Wakefield Inc. has announced that Glenn Rufrano has been named President and Chief Executive Officer of the company.
NEWARK--Governor Chris Christie has tapped Lori Grifa to head the Department of Community Affairs.
LITTLE EGG HARBOR-- Marcus & Millichap Real Estate Investment Serviceshas announced the sale of Tuckerton Commons, a 9,168-sf retail property located in Little Egg Harbor, according to Michael J. Fasano, Vice President/Regional Manager of the firm’s New Jersey office.
MORRISTOWN--Office leasing specialist Andrew Parella has joined commercial real estate services firm Cushman & Wakefield, Inc. as a director in the company’s Morristown office, announced Gualberto “Gil” Medina, the firm’s New Jersey executive managing director.
HASBROUCK HEIGHTS--Jones Lang LaSalle announced that it has been appointed the exclusive leasing agent for Turnpike-10 (T-10) Commerce Center, located at 3003 Woodbridge Ave., Edison. This property is strategically located adjacent to Exit 10 of the New Jersey Turnpike at the I-287 interchange.
ASBURY, NJ--J.G. Petrucci Co., Inc. has completed a new $10 million headquarters facility and warehouse/distribution center for Cigars International, a subsidiary of Swedish Match AB.
SPRINGFIELD--Stew Leonard's Wines and Spirits has leased 12,680 sf at Echo Plaza, announced Levin Management Corporation, exclusive leasing agent for the 66,000-sf shopping center.
EATONTOWN--The New Jersey office of FirstService Williams has arranged a long term, 15,500-sf lease for Wentworth Group at 17-21 Christopher Way in Eatontown.
MOONACHIE-- A new marketing team and an ambitious capital improvement campaign are kicking off 2010 at 250 Moonachie Road, an office property here.


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