WEST CALDWELL -- Ricoh Americas Corporation, a leading provider of digital office equipment, has introduced the Aficio MP 2851 and MP 3351 Digital Imaging Systems.
WESTPORT, CT -- Career Solutions, an established Connecticut firm founded by Janice Weinberg, has opened an an office on Long Island at One Barstow Road in Great Neck.
NEWARK--The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) will host its second annual “Urban Developer’s Night” on Monday, Jan. 25, at the Robert Treat Hotel in Newark.
EAST RUTHERFORD--In one of the largest New Jersey industrial investment sales year-to-date in 2009, an 826,000-sf, fully leased portfolio changed hands this fall.
LIVINGSTON--In one of upstate New York’s largest multi-family investment trades this year, Gebroe-Hammer Associates recently orchestrated the $102 million acquisition of 1,187 total units at two luxury garden-apartment complexes in Dutchess County, NY.
NEW YORK--Data through October 2009, released today by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, show that the annual rate of decline of the 10-City and 20-City Composites improved compared to last month's reading.
FRANKLIN LAKES--The Kislak Company recently completed the sale of the Urban Farms Shopping Center in Franklin Lakes.
MAYWOOD--Bergman Real Estate Group, a privately owned real estate investment firm that owns and manages office properties throughout New Jersey, announced today three new long-term leases at 25 East Spring Valley Avenue in Maywood.
CAMP HILL, PA-- The recent Pennsylvania Uniform Construction Code Review and Advisory Council's vote to mandate the placement of sprinklers in all new one- and two-family residences and townhomes built in Pennsylvania will take effect on January 1, 2011, but Camp Hill, PA-based modular home manufacturer Excel Homes isn't waiting that long.
FREEHOLD--Monmouth Real Estate Investment Corporation has announced the acquisition of a 91,295-sf industrial building located in Central Green Business Park at 16211 Air Center Boulevard, Harris County, Houston, Texas, at a purchase price of approximately $8,100,000.
HARRISBURG, PA-- Governor Edward G. Rendell announced a new $1.2 billion statewide mortgage program to help more than 11,000 homebuyers with affordable loans that will also help boost Pennsylvania's economy.
MOOSIC, PA-- David Lichtenstein, founder of the Lightstone Group today announced that Long John Silver's Restaurant has signed a 2,210-sf, 10-year extended term on their lease at the Birney Mall Shopping Center in Moosic, PA.
JERSEY CITY -- The New Jersey District Council of the Urban Land Institute has awarded The Beacon its 2009 “Project of the Year” honor in recognition of the ongoing transformation of the former Jersey City Medical Center into a successful mixed-use development that is currently the largest residential restoration project in the country and the largest in the history of New Jersey.
BURLINGTON--Jerry Nugent, the president and CEO of Lutheran Social Ministries of New Jersey, said the Burlington-based not-for-profit’s development of a Continuing Care Retirement Community (CCRC), The Crossing at Murray Hill in New Providence, is being planned and will be built on “sound financial footing.”
NEW BRUNSWICK-- In an increasingly global and technology-driven economy, marketing professionals are challenged to adapt to the changing marketplace while remaining focused on their traditional tasks of delivering value to the customer and enhancing their organization’s success.
NORTH BRUNSWICK--Kipcon Inc. is proud to introduce Bettie Jones, CPM, PCAM as the Principal of satellite office Kipcon Southwest, LLC in Houston.
HACKENSACK--Hartz Mountain Industries, a New Jersey-based owner of commercial properties, has named Chip Conklin, Dan Foley and Gregg Najarian of international commercial real estate services firm Studley, 2009 Office Brokers of the Year.
NEW BRUNSWICK--The New Jersey Chapter of NAIOP, the commercial real estate development association, will present “Roundtables with Industry Experts” on Wednesday, Jan. 13, at the New Jersey Law Center in New Brunswick.
SADDLE BROOK--CB Richard Ellis (CBRE) has announced that CBRE has taken over as direct manager for 18 of RREEF's industrial and office properties in New Jersey including Country Club Plaza I and II (Paramus) and 1776 on the Green (Morristown).
PARSIPPANY-—FirstService Williams has been recognized by developer Hartz Mountain Industries with 2009 Brokers of the Year awards.
MONTCLAIR--Donna Miller, president of Above & Beyond, an executive office suite and virtual office provider, will assist business owners with a “Work Smarter” workshop series, aimed to provide business planning and financial literacy for companies of all sizes.
NEWARK--The Newark and Suburban Architects section of the New Jersey chapter of the American Institute of Architects (AIA-NJ), in conjunction with its Emerging Professionals and Young Architects Forum programs, has selected 21 finalists in its design competition for a Newark Visitors Center.
HACKENSACK--y NAI James E. Hanson is pleased to announce that the Society of Industrial and Office Realtors (SIOR) Foundation has honored Mildred Hanson, posthumously, with the first ever Millie Award.
MANASQUAN--Great Clips has leased 1,200 sf at Wall Towne Center, announced Levin Management Corporation, exclusive managing and leasing agent for the 91,000-square-foot retail property.
CHERRY HILL--Beneficial Bank, a full-service bank that specializes in serving the financial needs of the Greater Philadelphia Region, recently celebrated the official groundbreaking of two new campuses in Cherry Hill.
NEWARK--Almost 60,000 sf of robust powered shell space for data center or disaster recovery operations is available at 375 McCarter Highway in Newark.
ROCHELLE PARK--NAI James E. Hanson recently completed a 3,110-sf industrial lease agreement with Mystic Auto Detaining LLC at 163 A Central Ave., in Rochelle Park.
FLORHAM PARK--The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) has secured an $18.9 million refinancing for Golden Acres Shopping Center, a 221,737-sf grocery-anchored shopping center in South Plainfield, Middlesex County.
HOLMDEL--Garden State business and academic leaders gathered on Tuesday, Dec., 15, to participate in the 3rd Annual New Jersey Economic Policy Forum, an ambitious initiative focused on bringing together key stakeholders to discuss economic challenges and opportunities facing the state.
ATLANTIC CITY-- The Community Preservation Corporation (CPC), a non-profit affordable housing lender, closed on a $2.627 million Freddie Mac permanent loan to acquire and refinance Magellan Manor Apartments in Atlantic City.
NEWARK--Mayor Cory A. Booker was joined today by Deputy Mayor and Brick City Development Chairman Stefan Pryor, Brick City Development Corporation CEO Lyneir Richardson, Solar Energy, LLC President David Buckner and Solar Energy, LLC COO Christopher Moustakis to commemorate the expansion of a New York based full service integrator of commercial solar power systems into Newark.
EAST RUTHERFORD--NAI James E. Hanson has been recently selected as the exclusive sales agent for an 85,109-sf industrial building, located at 60-80-100 Willow Street, East Rutherford.
TEANECK--Alfred Sanzari Enterprises has announced the completion of $6 million in improvements and renovations at Glenpointe, its flagship mixed-use complex in Teaneck.
PURCHASE, NY-- National Realty & Development Corp. has announced that ten new transactions have been finalized thus far in the Fourth Quarter 2009.
EAST RUTHERFORD--NAI James E. Hanson announced the recent completion of a five-year, 38,317-sf industrial lease transaction at 450 Murray Hill Parkway in East Rutherford.
ABERDEEN--Garden Commercial Properties recently secured a 1,500-sf lease for Edible Arrangements® at Colonial Plaza, a 178,000-sf shopping center located in the Monmouth County Township of Aberdeen.
RIDGEFIELD PARK-- Electronics giant Samsung Electronics America, Inc. today signed a 193,000-sf office lease at 85 Challenger Road in Ridgefield Park, announced Cushman & Wakefield, Inc.
CRANBURY--Cranbury Executive Center has reached full occupancy with the recent signing of four new leases. Located at 1249 South River Rd., the three-story class A asset totals 100,000 sf on three floors.
WOODBRIDGE--Dennis A. Estis, Chair of the Construction Law Practice Group at Greenbaum, Rowe, Smith & Davis LLP in Woodbridge, has been named as the “Best Lawyers Construction Lawyer of the Year” for 2010 by Best Lawyers.
EAST RUTHERFORD--William Clement of Kinnelon, a vice president at The Provident Bank, was recently appointed to the Board of Trustees for the New Jersey Hall of Fame.
CHERRY HILL--Flaster/Greenberg PC managing shareholder Peter R. Spirgel was appointed to the Treasury sub-committee of Governor-elect Chris Christie’s transition team.
PARSIPPANY--NAI James E. Hanson has announced the completion of a 20,000-sf industrial lease at 400 Newark Pompton Turnpike in Wayne.
MONTVALE--NAI James E. Hanson has announced the recent completion of a long-term 60,000-sf industrial/flex lease transaction at Montvale Campus Parkway I, which is located at 15 Mercedes Drive in Montvale.
BEDMINSTER--Jones Lang LaSalle announced it has arranged a 40,793-sf office lease at 500 Hills Drive with Peapack-Gladstone Bank, which is relocating its company headquarters from 158 Route 206 North in Gladstone.
HAMILTON--Colliers Houston & Co. has announced that Congoleum Corporation has renewed its lease at 3500 Quakerbridge Road in Hamilton, New Jersey, which is owned by The Fruscione Co. LLC.
LAKEWOOD--The Lightstone Group has entered into a definitive agreement whereby Prime Outlets Acquisition Company and certain of its affiliated entities ("Prime Outlets") will be acquired by Simon Property Group ("Simon") in a transaction valued at approximately $2.325 billion, including the assumption of Prime Outlets' existing indebtedness and preferred stock.
EAST RUTHERFORD--Four headquarters lease transactions punctuated an active 12 months for one office leasing team at Cushman & Wakefield, Inc. in East Rutherford.
CAMDEN--Citizens Bank and Verizon have partnered with Junior Achievement of New Jersey (JANJ) to provide financial literacy and economic educational programs to students living in Camden.
GLEN ROCK--An affiliate of Mountain Development Corp. recently closed on the purchase of 208 Harristown Road in Glen Rock.
FAIRFIELD--NAI James E. Hanson has completed a 45,779-sf long-term renewal industrial lease transaction on behalf of Drew & Rogers, Inc., a custom design, printing, packaging and promotional services company, at 30 Plymouth Street in Fairfield.
BLOOMFIELD--The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, has announced that ITT Space Systems has leased 24,484-sf of office space at 1515 Broad Street in Bloomfield.
ASBURY--J.G. Petrucci Co., Inc. has announced the completion of two repeat projects for Garden State Tile Co. and ICO Polymers in South Brunswick and Bloomsbury, respectively.
NEW BRUNSWICK--New Jersey Chapter of NAIOP, the commercial real estate development association, will hold its second annual design competition to coincide with the organization’s Annual Commercial Real Estate Awards Gala.
BELLEVILLE-- Multi-family investment sales are gaining momentum in Essex County’s suburban areas as demonstrated by the recent $3.3 million sale of 43 units at 574-582 Washington Ave. in Belleville.
PARSIPPANY--FirstService Williams New Jersey has arranged a five-year, 3,929-sf office lease on behalf of PVM Oil Associates Inc. at 5 Marine View Plaza in Hoboken.
UNION CITY--Dollar General, the Goodlettsville, Tennessee-based discount retailer, has signed a 10-year lease for approximately 9,600 sf at 2010 Kennedy Boulevard in Union City.
HACKENSACK--NAI James E. Hanson has announced the recent completion of a three-year, 1,321-sf office lease transaction at 510 Thornall Street in Edison.
NEWARK--AMB Property Corporation has leased 75,000 sf at AMB Liberty Logistics Center, a recently developed asset in northern New Jersey.
SPRINGFIELD--John G. Udell has announced that Weichert Commercial Brokerage, Inc. has been appointed by Tulfra Real Estate as the exclusive leasing agent at 21 Fadem Road in Springfield.
BEDMINSTER -- Advance Realty has announced the appointment of Jones Lang LaSalle as property manager for select properties within the company’s multi-million square-foot portfolio.
FANWOOD--CB Richard Ellis announced the recent sale of a 2,100-sf retail building, located at 246 South Avenue in Fanwood.
FAIR LAWN--A gas station, complemented by a retail convenience store, at 40-10 Broadway was sold in an all cash transaction valued at $650,000.
EDISON--Amper, Politziner & Mattia has announced that Jim Alajbegu has joined the firm as a Partner in its International Tax Services group.
PISCATAWAY--Lincoln Equities Group, a New Jersey-based owner, investor and developer of commercial real estate, has recently completed a 51,504-sf long-term Class-A office lease agreement with Johnson & Johnson Health Care Systems at One Centennial Plaza in Piscataway.
BRIDGEWATER--Christmas Tree Shops has signed a lease for 28,750 sf at Somerset Shopping Center in Bridgewater, announced Levin Management Corporation, exclusive leasing and managing agent for the property.
EDISON-—Upon appointment to Governor-Elect Chris Christie’s Economic Development and Growth Transition Subcommittee, Mack-Cali Realty Corporation President and Chief Executive Officer Mitchell E. Hersh issued the following comments today:
ATLANTIC CITY--The Strategic Alliance, a group of eight real-estate related professional service companies, recently exhibited at the 94th Annual New Jersey State League of Municipalities Conference in Atlantic City.
ATLANTIC CITY--REALTORS® are giving back during the Triple Play REALTOR® Convention & Trade Expo, which is scheduled for December 8-10, 2009 at the Atlantic City Convention Center.
EAST RUTHERFORD-- NAI James E. Hanson has recently completed a 5,175-sf office relocation agreement on behalf of Hackensack University Medical Center at 375 Murray Hill Parkway in East Rutherford.
NEW BRUNSWICK--The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, is accepting nominations for the Commercial Real Estate Awards, to be presented at the 23rd Annual Gala on May 13, 2010.
CHATHAM--Pinnacle Solutions, an advisory and workout firm, has announced the hiring of Stuart Green as Principal.
NORTH PLAINFIELD--Express Stores, LLC, a T-Mobile authorized dealer with 17 locations, has leased 3,000 sf at 578 Route 22 East, an 8,400-sf retail building at the intersection of Westervelt Ave. in North Plainfield, announced Levin Management Corporation, exclusive leasing and managing agent for the property.
HACKENSACK -- Beckerman has announced that Amanda Metcalf of New York, NY, has joined the firm in the role of senior account executive.
WEST ORANGE--CB Richard Ellis' Capital Markets Debt & Equity group recently arranged a $3 million two-year, interest only bridge loan for a premier 39,131-sf medical office building, which is located at 475 Prospect Avenue in West Orange.
FAIRFIELD--Denholtz Associates has announced the completion of a 13,289-sf lease renewal at Fairfield Business Center in Fairfield, New Jersey, with American Computer Resources, (AMCOR), a national and international provider of depot repair, parts, inventory, asset and logistics management services.
PARSIPPANY--In order to achieve better operating efficiencies, Applications Consulting Group, which specializes in providing business intelligence and performance management solutions to Fortune 500 companies, has relocated to 4,500-sf office space at 1639 Route 10 in Parsippany.
BEDMINSTER--Advance Realty has announced that two new leases have been signed at the company's new flex building at The Picatinny Applied Research Campus (The PARC), a new high-tech office/research park located at Picatinny Arsenal in Morris County.
NEWARK--Mayor Cory A. Booker, Members of the Municipal Council, Deputy Mayor of Economic and Housing Development Stefan Pryor, Ironbound Community Corporation Executive Director Joseph Della Fave, and other dignitaries will dedicate the “Brief History of the Ironbound” public art mural in the parking lot at 413 Market Street, today, November 23, at 2 p.m.
FLORHAM PARK--Cushman & Wakefield, Inc. has orchestrated a new lease and an expansion/renewal at Westminster Corporate Center in Florham Park, reflecting steady demand at the Kushner Companies-owned, Class A office complex.
NEWARK-–The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, will present a Port Area Infrastructure & Logistics Update at the NJ Transportation Planning Authority, One Newark Center in Newark, on December 4 from 8 a.m. to 10:30 a.m.
HACKENSACK--NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, has been named as the exclusive sales agent for a .42-acre parcel of land that includes a free-standing 585-sf retail facility at 30 Mount Vernon Street on the corner of Lincoln Avenue in Ridgefield Park.
FLORHAM PARK--"I can't think of a subject creating more turmoil in the financial markets," said Michael A. Guariglia, managing partner in the Newark office of McCarter & English. It was his intro to a program, sponsored by the law firm yesterday, titled "Business, Banking and the Economy: What Happened and What's the Outlook."
EDISON-—Mack-Cali Realty Corporation has announced that A&E Distribution, Inc. has signed a five-year lease renewal for 63,400 sf at Mack-Cali Airport, 200 Riser Road in Little Ferry.
HILLSBOROUGH--Levin Management Corporation has been named leasing agent for Hillsborough Plaza, a 52,326-sf shopping center on Route 206 at Andria Avenue. Route 206 is a major conduit to I-287 and U.S. Route 22.
HACKENSACK--NAI James E. Hanson has been selected as the exclusive sales agent for two free-standing, single story retail facilities in Northern New Jersey, located at 200 Main Street in Ridgefield and 183 Eagle Rock Road in Roseland, which total approximately 6,123-sf.
RAHWAY--Denholtz Associates recently signed a 19,442-sf lease renewal and expansion at 2400 Lake Park in Smyrna, Georgia with United Acceptance, Inc.
LAWRENCEVILLE--The New Jersey Business & Industry Association (NJBIA) is partnering with Junior Achievement of NJ (JA) to raise at least $15,000 to bring K-12 financial literacy programs to more than 500 students in Central Jersey.
MOUNT OLIVE--CB Richard Ellis, Inc. is offering for sale the 1,000,855-sf former BASF headquarters for $47.5 million (or $47±/SF), which equates to less than 20% of replacement cost.
MADISON--The Hampshire Companies has announced that it has begun renovations and broken ground for a new addition at The Madison Professional Center located at 345 Main Street in Madison.
NORTH PLAINFIELD--Steven Barthel has joined Levin Management Corporation as Vice President of Construction, announced Matthew Harding, president and chief operating officer. In his new role, Barthel will oversee all construction activities within the firm's retail portfolio of more than 12.5 million sf.
HACKENSACK--Beckerman, one of the largest independent public relations firms in the industry, has announced that Sharla S. Sookdeo of Hoboken has joined the firm in the role of director.
NEWARK--The City of Newark has won the New Jersey Society of Municipal Engineers Honor Place Award in the Municipal Construction Management Projects “F” Category for the first phase of the Ferry Street Streetscaping Project.
PARSIPPANY--BioClinica, Inc. has signed a long term, 36,143-sf lease as the anchor tenant at 800 Adams Avenue, a new, class A office building in the Philadelphia suburb of Valley Forge, PA.
EAST BRUNSWICK, NJ – While much of the talk about New Jersey's Site Remediation Reform Act (SRRA) and specifically the Licensed Site Remediation Professional (LSRP) program has been about the impact on real estate developers and owners, not much has been said about the lending community's stake. That topic was addressed here yesterday at a program co-sponsored by the law firm Riker Danzig Scherer Hyland Perretti and the New Jersey Bankers Association.
SADDLE BROOK--CB Richard Ellis has announced the appointment of Thomas F. Monahan, SIOR, CCIM as senior vice president within the firm's Industrial Services group.
MORRISTOWN--Q10/G.S. Wilcox & Co., a commercial real estate mortgage banking firm, has arranged financing in the amount of $30,000,000.
PRINCETON--The Washington, D.C. and New York offices of HFF have closed the sale of 1100 Campus Road, a 166,991-sf trophy office building in Princeton.
MORRISTOWN-- The Hampshire Companies has announced the appointment of Paul Yarussi as Fund Controller.
EDISON--Grubb & Ellis Company has announced that Thomas P. D'Arcy will join the company as president, chief executive officer and a member of the board of directors.
FORT LEE--Palisades Financial has announced that, through its second fund, Palisades Regional Investment Fund II, LLC, it has partnered with Fort Lee Redevelopment Associates (FLRA) to redevelop the east parcel of a site in Fort Lee, formerly known as the Centuria property.
BRICK--The Sudler Companies has announced the completion of two new office lease transactions at 150 Brick Boulevard in Brick, which total 19,398 sf, bringing the building to full occupancy.
HOLMDEL-- The New Jersey chapter of the American Institute of Architects (AIA-NJ), in concert with Preservation New Jersey, a historic preservation organization, recently presented their vision for the preservation of Bell Labs in Holmdel, NJ, at a community open house attended by approximately 1,500 guests.
SOMERDALE--National Realty & Development Corp. has announced that construction continues at CooperTowne Center, the 385,000-sf Greyfields Redevelopment project that will revitalize the former Lions Head Plaza located in Somerdale.
NEWARK--Cornered by both the economic crisis and the rising cost of healthcare, employers are more tempted than ever to classify some employees as “independent contractors” or “temps.” But the risks of this practice are growing amid a crackdown by federal and state officials, said James P. Anelli, a Newark-based shareholder in LeClairRyan’s Labor & Employment Group.
SOUTH BRUNSWICK--CB Richard Ellis, New Jersey's largest commercial real estate brokerage firm, recently completed a 148,147-sf long-term lease renewal at 210 Docks Corner Road in South Brunswick on behalf of Franco Apparel, a leading manufacturer of children's apparel, and licensed apparel to the NBA, NHL, NCAA, MLB, Starter, Shaq, and Russell Athletic.
ISELIN--ICREW NJ (Industrial/Commercial Real Estate Women of New Jersey) will hold its monthly meeting on November 12, 2009, 11:30 p.m. at the Woodbridge Hilton, 120 Wood Avenue South, Iselin, NJ (Garden State Parkway, Exit 131A).
NEWARK--Mayor Cory A. Booker installed Victoria F. Pratt, Esq. as the 11th Judge of the Newark Municipal Court during a ceremony held last week in the Municipal Council Chamber of City Hall.
LIVINGSTON--Gebroe-Hammer Associates has closed four separate new multi-family property transactions valued at a combined $8.28 million, announced Ken Uranowitz, managing director.
PARSIPPANY-—BioClinica, Inc. has signed a long term, 36,143-sf lease as the anchor tenant at 800 Adams Avenue, a new, class A office building in the Philadelphia suburb of Valley Forge, PA.
PASSAIC--American Properties Realty has partnered with LG Van Houten, LLC for their newest condominium community, Van Houten Manor in Passaic, where they recently celebrated their grand opening with many in attendance.
BRIDGEWATER-- Advance Realty, a leading Northeast U.S. owner and developer of Class A office, mixed-use and flex-space properties, has announced several new lease transactions at MiddleBrook Crossroads, a 19-building industrial development in Bridgewater composed of single-story, flex/warehouse buildings.
LIVINGSTON-–Padosa.com, a website helping companies increase profit through sustainability initiatives, is hosting Energy 101: Greening Your Building for Efficiency and Profitability on November 17 from 2-6 pm at 290 W. Mt. Pleasant Avenue, Eisenhower Corporate Campus, Livingston.
PRINCETON TOWNSHIP-- Del-Sano Contracting Corp. reports that renovation of Princeton Community Village, an affordable housing complex located in Princeton Township, NJ, is nearly 60% complete and ahead of schedule.
EDISON--Cushman & Wakefield, Inc. has been retained as exclusive leasing agent for 2147 Route 27, a 250,000-sf, four-story office building at Towne Corporate Centre in Edison.
CEDAR KNOLLS--Sterling Properties has announced that construction is now underway on Building 8 at Viera at Hanover Township, its community of 40 townhomes for active adults.
SADDLE BROOK--CB Richard Ellis has announced the recent completion of a 4,500-sf lease relocation agreement on behalf of the Morris County Chamber of Commerce. The Chamber will relocate from 25 Lindsley Drive in Morristown, to 325 Columbia Turnpike in Florham Park.
EAST RUTHERFORD--AMB Property Corporation has released a proprietary research report that provides new insight into correlations between production activity and inventory levels as leading indicators of industrial real estate demand,
GDP and economic growth for 2010.
WANTAGE-- The Hampshire Companies has signed two lease deals totaling over 6,700 sf at its 76,252-sf A&P Shopping Center, located at 445 Route 23 in Wantage.
BASKING RIDGE--Glanz Associates has been named General Counsel to Real Estate Advisory and Development Services, Inc. (READS).
WEEHAWKEN--Hartz Mountain Industries has announced that Savvis, Inc., a global leader in outsourced internet infrastructure services, has signed a 20-year lease for a 209,000-sf data center at Hartz’s Lincoln Harbor property in Weehawken.
EDISON--Cushman & Wakefield, Inc. has negotiated a long-term, 16,000-sf lease renewal for Grant Thornton, LLP at 399 Thornall Street, Metropark Corporate Campus in Edison.
HACKENSACK--Beckerman has announced that Rob Manfredo of New York, NY, has joined the firm.
MONTVALE--Accordia Realty Ventures has acquired 305 West Grand Avenue in Montvale, and also executed a lease which brings the property to 100% occupancy.
ASBURY, NJ AND BETHLEHEM, PA--J.G. Petrucci Co., Inc. has completed the construction of a new production facility for Myers Power Products, Inc. at 44 South Commerce Way in Hanover Township, Pennsylvania.
MURRAY HILL--Fifty New Jersey high school girls from communities such as Trenton, Rahway and Linden will participate in the Women’s Future Leadership Forum 2009.
JERSEY CITY--In one of the year’s largest office transactions in the Tri-State region, FirstService Williams negotiated a seven-year renewal of Broadridge Financial Solutions, Inc.’s lease for 320,282 sf at 2 Journal Square in Jersey City.
NEWARK--Matrix Development Group has announced that LeClairRyan, a nationally known law firm, has signed a 45,000-sf lease at One Riverfront Center.
NEWARK, NJ-- Mayor Cory A. Booker and other dignitaries broke ground yesterday for M&M Development’s Harmony Square housing development at 98-102 Broad Street in Newark.
FORT LEE--Tucker Development Corporation has named Robert K. Futterman & Associates as the exclusive retail leasing agent for Hudson Lights, Tucker’s proposed mixed-use redevelopment in downtown Fort Lee, that will include 185,000 sf of retail and restaurant space.
PARSIPPANY-- NAI James E. Hanson has recently been selected as the exclusive sale and/or leasing agent for four unique office/flex properties, which are located in Morris County.
The properties available include a 6,183-sf property at 600 Parsippany Road in Parsippany, a 1,440-sf property at 5 Cold Hill Road in Mendham, a 2,254-sf property at 76 Main Street in Chatham and a 2,500-square-foot property at 338 Main Street in Chatham.
More specifically, the properties being marketed by NAI Hanson include the following:
* 600 Parsippany Road, Parsippany - This 6,183-sf space is located within the 96,000-sf office building and is available as a sublet flex space, allowing tenants to sublease anywhere from 300 square feet (two offices and a work station) to the entire available space.
* 5 Cold Hill Road South, Mendham - Situated just of East Main Street, this 1,440-sf office condo is currently available for sale or lease and contains four private offices, a kitchenette and bathroom.
* 76 Main Street, Chatham - Located just off the Morris and Essex Turnpike, within easy access of the Short Hills Mall, this 2,254-sf space is situated within a charming 5,000-sf two-story office building.
* 338 Main Street, Chatham - This 2,500-sf property, which is easily convertible into either a professional or medical office space or a retail space, sits in a highly visible corner location on Main Street, just off the Morris and Essex Turnpike, in affluent downtown Chatham, which is zoned as a Business Service District.
NAI James E. Hanson
www.naihanson.com
HILLSBOROUGH--Larken Associates has recently announced new lease signings at two of its commercial complexes in the Somerset County town of Hillsborough.
NEWARK--Mayor Cory A. Booker and other dignitaries broke ground for the construction of the new Fifth Police Precinct, at 480 Clinton Avenue, in Newark’s South Ward, at a noontime ceremony yesterday.
PARSIPPANY--NAI James E. Hanson has recently completed the sale of a 43,700-sf industrial/flex facility at 1 Labriola Court in Armonk, New York.
FLEMINGTON--J.G. Petrucci Co., Inc. (JGPCO) has announced the completion of a three-phase renovation project on behalf of Hunterdon Otolaryngology Associates.
NEWARK--Mayor Cory A. Booker, the Municipal Council and City Clerk Robert Marasco enstated Michelle L. Thomas to her duties as City Business Administrator, removing the “Acting” term from her title, at a City Hall Municipal Council Chamber ceremony on Friday, October 23, 2009, at Noon.
NEWARK -- Architecture students and intern architects from throughout the State of New Jersey are invited to participate in a seminar on the Intern Development Program (IDP) and the Architectural Registration Exam (ARE) to be held at the New Jersey Institute of Technology (NJIT) School of Architecture in Newark on Nov. 3.
TEANECK--Kohl Asset Management (KAM), a division of Kohl Partners, has been named property manager for Heritage Pointe of Teaneck, a full-service rental retirement community located in Bergen County.
PARSIPPANY--NAI James E. Hanson recently completed a 1,147-sf long-term retail lease agreement on behalf of Dina's Bagels at 154 Washington Ave in Nutley.
HASBROUCK HEIGHTS--The Ryan Wolfe Kossar (RWK) Foundation, a charitable foundation dedicated to preventing unexpected infant and childhood fatalities, announced that its fifth annual “Million Dollar Golf Classic” generated more than $185,000 in support of medical research to prevent Sudden Infant Death Syndrome (SIDS).
KINGSTON, NY--Two prominent key speakers have been announced for the upcoming Hudson Valley Green Real Estate Development Conference, to be held 7:30am-2pm, Wednesday, Oct 28 at Tech City in Kingston NY: Ned Sullivan, the President of Scenic Hudson, Inc. will take the helm as Keynote Speaker; Adolph Everett, a member of the U.S. Environmental Protection Agency's "Green Team", will give a Special Presentation about the innovative group of EPA experts who help developers 'go green' to minimize the environmental impact of their projects and reduce costs.
PARAMUS--GreenbergFarrow recently completed the renovation and expansion of Bergen Town Center -- a 52-acre, regional mall in Paramus-- on behalf of Vornado Realty Trust.
SPRINGFIELD-- Gruskin Group, an integrated design firm that provides architecture, brand development, and web/interactive services, sponsored “Jazz at the Lake – the 2009 Lake George Jazz Weekend,” which was held September 19-20, 2009, in Lake George, NY.
EDISON--Mack-Cali Realty Corporation has announced that Budd Larner, P.C. has signed a lease extension through October of 2024 for 54,931 sf at Mack-Cali Short Hills, 150 John F. Kennedy Parkway in Short Hills.
EDISON--Grubb & Ellis Company has announced that Robert F. Black, CCIM, has joined the company’s Edison office as vice president, Office Group.
MORRISTOWN--The Hampshire Companies has announced the disposition of a 44,271-sf retail building located at 12796 Bailey Cove Road SE, Huntsville, AL. The sale was made to Huntsvillepub, LLC.
LIVINGSTON--Gebroe-Hammer Associates, the region’s leading real estate investment brokerage firm, has closed four separate multi-family property transactions, valued at almost $10 million, in a one-week timeframe within the supply-constrained Northern New Jersey market.
BEDMINSTER-—S/K Bed One Associates signed AMCS Corporation to a long term, 13,171-sf lease at its Bedminster One facility in Bedminster. FirstService Williams New Jersey represented the landlord.
ISELIN--To ensure members are able to take full advantage of everything the organization has to offer, the Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA) has established a flexible fee schedule and lower pricing for chapter events.
LINDEN--Cushman & Wakefield, Inc. has been named exclusive leasing agent for a newly constructed, 385,000-sf warehouse/distribution building at 55 Wildcat Way at Linden Airport in Linden.
PARAMUS--CB Richard Ellis recently completed a 4,610-sf lease relocation agreement within Paramus, New Jersey, on behalf of Samuel Geltman & Co, a residential property management firm.
PARAMUS--Howard Applebaum, President of Corporate America Realty & Advisors has represented Dassault Procurement Services USA, a division of Dassault Aviation, one of France's and the world's largest privately owned companies in a long term lease for approximately 15,000 sf of flex office/warehouse space located at 53 W. Century Road, Paramus.
WOODBRIDGE--The Kislak Company, Inc. recently completed two multifamily investment sales in Hudson County, New Jersey totaling $12,125,000.
NEWARK--Mayor Cory A. Booker and other dignitaries opened the Branch Brook Condominium, which is one of the largest residential condo opening in Newark in the last 30 years.
PARSIPPANY--CherryRoad Technologies Inc., a leading integrator of enterprise software, has leased 18,000 sf of space at Powder Mill Plaza III in Parsippany, announced Cushman & Wakefield, Inc. The firm recently relocated from another local site to the property at 301 Gibraltar Drive.
LAKEWOOD--Diversified Capital, Inc., owners of the 180,000-sf 24 Commerce Building in Newark, has reached an agreement with Lane Capital to provide long-term financing for the asset and to take a minority ownership stake in the property.
WHIPPANY--Sterling Properties is experiencing an extremely rapid sales pace in Phase II of construction at Forest Hill, its community of single-family homes in Hanover Township. Only two homes remain available for sale.
ASBURY, NJ AND BETHLEHEM, PA--J.G. Petrucci Co., Inc. (JGPCO) hosted its 6th Annual Iron Hill Charity Golf Open on October 12th at The Club at Morgan Hill in Easton, Pennsylvania.
EAST RUTHERFORD, NJ-- New Jersey has lost jobs, but at no faster rate than the rest of the country. And while the Garden State's commercial real estate market has taken a hit across the board, the state has generally fared better than most other markets.
FORT LEE--Tucker Development Corporation has announced the opening of a new corporate office at the site of its planned Hudson Lights development in Fort Lee.
NEWARK--Mayor Cory A. Booker was joined today by Deputy Mayor for Economic Development Stefan Pryor, Brick City Development Corporation Executive Vice President Darryl Godfrey, Grow America Fund President Pat Thomson, and Christopher and Dr. Lezli Harvell to commemorate the opening of Dental Kidz, a new pediatric dentistry and orthodontic practice at 24 Commerce Street, in the City of Newark’s downtown district.
CRANBURY-- Matrix Development Group has announced a lease with Princeton Allpoints, LLC, a joint venture between Princeton Fulfillment Solutions and Towne Allpoints Communications Inc., that forms a nationally recognized distributed fulfillment and direct mail services provider.
WEST LONG BRANCH--Weichert Commercial Brokerage, Inc. has been appointed as the exclusive leasing agent at The Factory At Broadway, a historically preserved, 53,000 sf landmark building in West Long Branch.
SOUTH PLAINFIELD--The New Jersey Licensed Site Remediation Professionals Program (LSRP) officially begins on Nov. 3, 2009. Relationships between real estate developers and their consultants and attorneys will change dramatically, and there is much to learn to avoid problems down the road.
PARSIPPANY--—Landlord S/K Bed One Associates signed GAIN Capital Holdings Inc. to a long-term, 45,000-sf lease at its Bedminster One office facility in Bedminster.
EMERSON--NAI James E. Hanson is pleased to announce that it has been selected as the exclusive listing agent for six separate office suites, which total approximately 6,800 sf and are located within two building locations in the heart of Bergen County at 16 Chestnut Street and 70 Kinderkamack Road in Emerson.
PALMYRA--Gebroe-Hammer Associates has announced the $3 million trade of River Villas, a fully leased 44-unit garden-apartment complex in Palmyra. Executive vice presidents Joseph Brecher and Joel Schwartz represented the seller, Harbour View, and procured the buyer, a long-time Gebroe-Hammer client.
PARSIPPANY--Mack-Cali Realty Corporation, on behalf of the partnership that owns 1 Jefferson Road in Parsippany, has announced that Day Pitney LLP has signed a long-term lease for 100,000 sf at the property.
PARSIPPANY--Demonstrating that economics take precedence over location during lean times, Northern and Central New Jersey office users scoured the market for bargain-rate leases during the third quarter, reports FirstService Williams’ New Jersey office.
WEST ORANGE--The New Jersey Chapter of NAIOP (the commercial real estate development association) will honor its volunteers at the Fifth Annual President’s Awards Dinner on Monday, Nov. 9, at Mayfair Farms in West Orange. The event will begin at 4:30 p.m. with a networking cocktail reception, followed by dinner at 5:30 p.m.
“All members of NAIOP and the commercial real estate industry as a whole benefit from the hours and expertise contributed by our volunteers,” said NAIOP New Jersey President Jeff Milanaik, President of Heller Industrial Parks. “2009 marks our fifth year presenting the President’s Awards to those who consistently go the extra mile in service to the association.”
The following members will receive the President’s Award in honor of their exemplary service:
* Jorge Berkowitz, Langan Engineering and Environmental Services (Legislative Committee)
* Philip Cooney, NJ Carpenter Contractor Trust (Public Relations Committee)
* Donald Eisen, Cushman & Wakefield of NJ (Gala Committee)
* Anne Evans Estabrook, Elberon Development Co. (Iron Lady Award)
* Douglas Ewertsen, Wachovia Insurance Services, A Wells Fargo Company (Golf Committee)
* Steven Goldenberg, Fox Rothschild LLP (Energy Master Plan Task Force)
* William Harrison, Genova Burns & Vernoia (Regulatory Affairs Committee)
* James Jones, II, Price Waterhouse Coopers (Membership Committee)
* Jon Kelty, RCDolner (Education Committee)
* Janet Proscia, NorthMarq Capital (Community Action Project Committee)
The New Jersey Business and Industry Association will receive the Public Policy Partner Award for their support of NAIOP’s “Prescription for Prosperity,” a series of economic stimulus initiatives, and their assistance with the association’s grassroots advocacy efforts.
James Bruno, of Bridgewater, will receive the 2009 Frank D. Visceglia Memorial Scholarship for his Eagle Scout Leadership Service Project, a wildlife habitat trail between the Raritan River and the Somerset Patriots Ballpark.
NAIOP New Jersey
www.njnaiop.org
NEWARK--On the eve of an election that will determine who will reside in the Statehouse for the next four years, both public and private sector experts say New Jersey has improved its business competitiveness.
NEWARK--Saiber LLC has leased 4,386 sf for a branch office at One Gateway Center in Newark, announced Cushman & Wakefield, Inc.
PLAINSBORO-- Sweetwater Construction Corp. has completed a corporate fit-out for Siemens Corp. of a fully occupied office and research building located at 755 College Rd. in Plainsboro.
TRENTON--Jones Lang LaSalle represented Brandywine Realty Trust in the sale of two Class A office buildings in Trenton for $85 million.
EAST BRUNSWICK--NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, has been named the exclusive sales agent for a 7,200-sf retail building, which is located at 16 Patrick Street in East Brunswick.
SOUTH PLAINFIELD-- More than 80 business clients, employees, partners and advisors joined to celebrate GENEWIZ, Inc.’s 10th anniversary at a dinner event held Thursday evening.
HACKENSACK-- Beckerman Public Relations will celebrate its 20th anniversary this fall. The firm was founded by Michael Beckerman in 1989 and is experiencing one of its best years ever.
EDISON--John A. Kaye has joined the Edison office of Cushman & Wakefield, Inc. as a director.
NEW BRUNSWICK-- Jerome Leslie Eben, AIA, the past president of the New Jersey chapter of the American Institute of Architects (AIA-NJ), will speak on injured workers’ needs with regard to creating a barrier-free home environment at a seminar sponsored by the New Jersey Institute for Continuing Legal Education (NJICLE) on Oct. 7.
EAST RUTHERFORD--Bucking current real estate investment market trends, Cushman & Wakefield’s Metropolitan Area Capital Markets Group has closed 18 investment deals during the first eight months of 2009. One-third of that activity involved retail product.
HOBOKEN--Successful commercial real estate professionals, brokers, owners and suppliers recently enjoyed an evening of networking aboard “Destiny,” one of the newest private yachts on the Hudson. The joint event between Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA) and Industrial/Commercial Real Estate Women, Inc. (ICREW NJ) attracted nearly 200 individuals.
MATAWAN--The Preserve, American Properties Realty's popular community in Matawan, has seen an increase in deals resulting from the $8,000 federal tax credit deadline of November 30th for first-time buyers, combined with their own $10,000 incentive.
EDISON--New Jersey & Company is a proud sponsor of Northeast Green Building & Design Show - Oct 8 & 9 at the NJ Exposition Center in Edison; 10 am to 5 pm.
HACKENSACK--The environmental cleanup of a former oil storage site on South River Road in Hackensack, NJ, is progressing with construction of a multi-story residential complex slated to begin early next year, according to the owner of the property, P&F Management Company, LLC, a leading distressed real estate owner, developer and lender with holdings throughout New Jersey.
NEWARK-- McCarter & English is pleased to announce that William S. Greenberg, a partner in the firm’s Newark office and a retired brigadier general, has been named Chairman of the Reserve Forces Policy Board. The appointment comes on the recommendation of The White House and with the approval of the Secretary of Defense.
NEW BRUNSWICK--The unemployment crisis is unlikely to be resolved until 2017, according to James W. Hughes and Joseph J. Seneca, dean and professor, respectively, of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. The two, along with Peter Cocoziello, founder and CEO of Advance Realty, presented a new report entitled “America’s New Post-Recession Employment Arithmetic” at Rutgers University yesterday. The presentation was sponsored by Advance Realty.
The report says that during the last nine years, dubbed the “Lost Employment Decade,” the U.S. has lost 1.7 million private sector jobs. Comparatively, from 1980-2000, private sector jobs saw an increase of 35.5 million.
The presentation was followed by a lengthy Q&A session, in which many concerns about the job situation were addressed, however grimly. “2010 looks like it’s going to be an especially difficult year for New Jersey,” said Hughes during the session. “The job outlook is not very positive,” he added.
“The scary part of what’s happening now is that it’s the service sector that’s become much more vulnerable,” said Seneca, adding that about 80 percent of the job loss in New Jersey has been in the service sector while in the past, the construction and manufacturing sectors would have been hit the hardest. “Something is different this time.”
To hear the presentation, visit: http://services.choruscall.com/links/advance090930.html
PRINCETON--KSS Architects recently completed the interior design of a new Princeton office for Dechert LLP. The international law firm relocated from the Princeton Pike Corporate Center to a 30,000-sf space at 902 Carnegie Center.
SADDLE BROOK--As the economic downturn continues to impact real estate, a new paradigm has been established for assessing office leasing markets, particularly in the state of New Jersey, finds a recently released whitepaper that was issued by CB Richard Ellis, New Jersey's largest commercial real estate brokerage firm.
EWING--The Bike Exchange at Capitol Plaza Shopping Center in Ewing announced that it will continue accepting donated bicycles for its program that raises funds for the Boys & Girls Club of Trenton and Mercer County.
EAST RUTHERFORD--The International Brotherhood of Electrical Workers’ (IBEW) Code of Excellence is yielding desirable results at the new Meadowlands Stadium in East Rutherford– which is five months ahead of schedule and significantly under budget.
CLIFTON--Construction is well underway on Sutton Hill II in Middletown, NY, a new collection of 112 homes that marks the first activity in the neighborhood in almost three decades.
PINE BROOK--GSH Group, Inc., an international facilities and energy management provider throughout Europe and the United States, has announced the promotions of Frankie McDonald, Sherry M. Newman and Kevin O'Keeffe to Assistant Vice President. As such, they will be involved in GSH Group's U.S. Management Board and will have active roles in the general management of the U.S. business.
TRENTON, NJ--Several New Jersey environmental organizations have announced their opposition to a series of "smart growth" proposals scheduled to come before the Legislature this fall, including a bill that would restructure New Jersey's Planning Commission.
SOMERVILLE--The Kislak Company, Inc. recently completed the $1,050,000 sale of an approximately 7,000-sf mixed-use property located at 5 -11 West Main Street in Somerville.
WASHINGTON BOROUGH--Weichert Commercial Brokerage, Inc. has been appointed as the exclusive agent for the 10,847-sf retail strip center located at 217 West Washington Avenue in Washington Borough.
GLASSBORO--The New Jersey Chapter of the American Institute of Architects (AIA-NJ) announces that Canstruction, its annual design exhibition and contest to benefit community food programs, will be held at Rowan University in Glassboro on Oct. 27, 2009, at The Atrium in Rowan Hall.
TEANECK--The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $25 million refinancing for Glenpointe Centre West, a 333,650-sf, Class A office building in Teaneck.
LIVINGSTON--Leaders from the Governor’s Real Estate Advisory Board will present an overview of their Board structure and goals at a joint meeting of CoreNet Global New Jersey and the Economic Development Association of New Jersey on Thursday, October 1, 2009 at 2:00 P.M.
RARITAN TOWNSHIP--Garden Commercial Properties recently celebrated the Grand Opening of one of the most notable anchor tenants at its Raritan Town Square retail and office complex in the Hunterdon County, New Jersey Township of Raritan.
WOODBRIDGE-- Onyx Equities, LLC, has fully leased the 224,269-sf Red Lion Plaza, which is located at Red Lion Road and Roosevelt Boulevard in Philadelphia, PA, following the completion of two new lease transactions with Rhino Red Lion, d/b/a Planet Fitness, and RL Cheesesteaks, LLC, d/b/a Wit or Witout Cheesesteaks, which totaled 30,258 sf. Jed Masloff and Jim Creed of Fameco Real Estate represented the landlord in both transactions, while Randy Hope of Metro Commercial represented Rhino Red Lion.
Located on Red Lion Road and Roosevelt Boulevard in Philadelphia, Pennsylvania, with highly visible to road traffic, the 224,269-sf Red Lion Shopping Plaza was built in 1970 and has been recently renovated to include a new façade, landscaping upgrades and parking lot resurfacing.
With over 100,000 cars passing by the Red Lion Plaza daily, the shopping center's key anchor tenants including American Signature Furniture, Best Buy, Staples and Pep Boys.
Onyx Equities, LLC
www.onyxequities.com
PARAMUS--While the restaurant industry struggles during the recession, several restaurant operators are taking this opportunity to secure locations throughout New Jersey as sites have come available due to closings and bankruptcies, according to The Goldstein Group, New Jersey’s leading commercial real estate brokerage firm.
FREEHOLD-- The Hampshire Companies, with joint venture partners Pyramid Property Partners and Triad Development Company, has announced the sale of 44,922 sf of condominium office suites at Pond View Professional Park located at 1101 West Main Street in Freehold.
HOBOKEN--Vesta Hoboken will kick off fall with several important development and sales milestones at its boutique 16-residence building in this historic Hudson County city.
WHIPPANY--Lewis S. Goodfriend & Associates (LSG&A), one of the top acoustical engineering firms in the country, welcomes two new employees to the firm. Ryan L. Skoug and Jack Zybura, staff engineers, were both hired as a direct result of Lewis S. Goodfriend & Associates' recent success and need for growth.
BASKING RIDGE--Sue Keats of Weichert Commercial Brokerage has completed the lease transaction of 11,972 sf of retail/office space located at the 100 Market Place retail center in Basking Ridge.
NEWARK--The City of Newark will reach out to help struggling property owners by offering an Amnesty Program, starting yesterday, Monday, September 21, 2009, and continuing until Friday, October 30, 2009.
PARSIPPANY--FirstService Williams New Jersey has arranged a long-term, 10,894-sf lease on behalf of A.H. Harris & Sons.
