PARAMUS--Mack-Cali Realty Corporation has announced that in the first quarter of 2009 it has leased over 45,000 sf at Mack-Cali Centre II, located at 650 From Road in Paramus.
Business News
Archives for: March 2009
LYNDHURST-- DMR Architects has been selected by the the Catholic Charities organization of the Archdiocese of Newark for the design and construction of a 50-unit senior housing project in Lyndhurst.
ISELIN--"The Real Estate Developer's Role and Alignment with the Port and Logistics Industries" will be the focus of the April ICREW-NJ luncheon meeting at the Woodbridge Hilton in Iselin.
SADDLE BROOK-- CB Richard Ellis' Private Client Group completed more than $16 million in sale transactions throughout the state.
WOODBRIDGE-- The Schultz Organization has reported another transaction in the first quarter of 2009. Most recently, the investment sales team of Steven M. Schultz, principal, and Tony Georgiev, senior director, represented the building owner in the sale of an 87,701-sf industrial building, located at 239 Old New Brunswick Road in Piscataway.
SHORT HILLS-– Roseland Property Company of Short Hills has launched a new consulting division to offer asset recovery services to financial institutions and other lender/owners.
CRANBURY-- Sweetwater Construction Corp. recently announced the completion of a multiphase expansion and renovation of Saint Peter's Adult Day Center at 200 Overlook Drive, Pondview Plaza, in the Middlesex County community of Monroe Township.
JERSEY CITY--Lauren Marie Thomson, Associate AIA, was installed as regional associate director of the New Jersey chapter of the American Institute of Architects (AIA-NJ) at the annual awards dinner on Jan. 31, 2009, at the Liberty House in Jersey City.
NEWARK--CoreNet Global NJ, the New Jersey State Chapter of CoreNet Global, has scheduled a CoRE Curriculum educational workshop for Wednesday, June 10, 2009, from 8:30 A.M. to 10:30 A. M.
ASBURY--J.G. Petrucci Co., Inc. is making available for lease the entire third floor, 6,000 sf, at 171 State Route 173 in Asbury.
NORTH BRUNSWICK--NAI James E. Hanson has announced the completion of a 11,098-sf office lease at Lakeside East Corporate Center which is located at 3 Silver Line Drive in North Brunswick.
FRANKLIN TOWNSHIP--Levin Management Corporation received an honor recently from the non-profit Hamilton Street Business & Community Corporation (HSBCC) of Franklin Township, for the firm’s contributions to and cooperation with the community, as leasing and managing agent for the Hamilton Street Shopping Center.
PHILADELPHIA -– By later this year, the noted WolfBlock law firm will be no more. The firm's partners voted this week to disband and will wind down operations "over the next several months," according to a spokesman.
NORTH BRUNSWICK-– Chromocell Corporation, a drug discovery company focused on the identification and development of novel therapeutics, has leased 15,000 sf at the New Jersey Economic Development Authority’s (EDA) Biotechnology Development Center in North Brunswick.
MORRISTOWN--The Hampshire Companies, a private real estate investment fund manager, has announced the appointment of Karen Armstrong as Assistant Controller.
NEW BRUNSWICK--The 22nd Annual NAIOP-NJ Commercial Real Estate Awards Gala, will be held Thursday, May 14, 2009 at the New Jersey Performing Arts Center (NJPAC) in Newark.
NEWARK-- Heritage Management has announced that IDT Corporation will relocate its global headquarters to 550 Broad Street this spring, bringing the 300,000-sf, Class A property to 100 percent occupancy.
BEDMINSTER-- Three new tenants have opened their doors at The Hills Village Center (formerly known as The Village at Bedminster).
RUTHERFORD-- The North Shore-LIJ Health System has expanded and extended its lease agreement at 1979 Marcus Avenue in Lake Success, NY, adding 29,613 sf of space to its existing 33,967-sf lease, bringing the total footprint to 63,580 sf.
HACKENSACK---NAI James E. Hanson has announced that it has bolstered its Government Services Group with the addition of Susan G. Trovati as Sales Associate, resident in the firm's Hackensack office.
MANCHESTER--The unveiling of three new home models at River Pointe by Del Webb has resulted in a spike in buyer interest, which has continued to increase with each passing month.
FLORHAM PARK--After its acquisition by Bergman Real Estate Group in August 2007, the Florham Park Corporate Center has shown steady leasing activity.
FAIR LAWN--FirstService Williams, formerly GVA Williams, recently represented Chitta, LLC in the company’s purchase of an 11,623-sf office condo at 15-01 Pollitt Drive, an office/warehouse building in Fair Lawn.
JERSEY CITY--Barlo & Associates Architects was recognized as the "Architectural Firm of the Year" at the annual New Jersey chapter of the American Institute of Architects (AIA-NJ) awards dinner on Jan. 31, 2009, at the Liberty House in Jersey City.
NEW BRUNSWICK--Tekton Development Corp. has announced that they have been retained by the Diocese of Metuchen to convert the former Convent of St. Peter the Apostle at 94 Somerset St. in New Brunswick into a new Catholic Center at Rutgers University.
CARLSTADT-- NAI James E. Hanson recently completed a 12,000-sf lease agreement on behalf of World Paper Trading Company at 120 Kero Road in Carlstadt. NAI Hanson Associate Vice Presidents, Jeffrey W. DeMagistris and Thomas A. Vetter, represented the lessee, World Paper Trading Company, in this transaction.
JERSEY CITY-- Robert F. Barranger, AIA, received the "Distinguished Service Award" from the New Jersey chapter of the American Institute of Architects (AIA-NJ) at the annual awards dinner held on Jan. 31, 2009, at the Liberty House in Jersey City.
ROSELAND -- Sheldon Gross Realty, Inc. has recently completed an 8,500-sf industrial lease transaction at 119 Harrison Avenue in Roseland.
FAIR LAWN--Weichert Commercial Brokerage, Inc. has been appointed as exclusive agent for a unique 10,500-sf special purpose building located at 18-10 Fair Lawn Avenue in Fair Lawn.
NEW BRUNSWICK--“Honey, I Shrunk the Tenant! How To Optimize the Utility of Your Space in Tight times and realize big savings” is the title of a program to be presented by the New Jersey Chapter of NAIOP, the commercial real estate development association, at its Chapter Meeting.
NEWARK-- Matrix Development Group has announced five new leases and expansions totaling 60,000 sf at One Riverfront Center, an 18-story, Class A office and retail tower also known as the Legal Center.
PARSIPPANY--Wockhardt USA LLC, a subsidiary of India-based global pharmaceutical and biotechnology company Wockhardt Limited, has relocated its regional headquarters from Bedminster, NJ to 20 Waterview Boulevard in Parsippany.
PARAMUS--The Goldstein Group has announced that CJ Huter and Matt Flath have joined the Company as Sales Associates.
HARRISON--Kingsland 138 Realty, the real estate investment arm of a New York-based import company, has purchased the 25,000-sf, two-story office/industrial flex building for its import business at 501 Bergen Street in Harrison, according to the firm’s real estate advisor, international commercial real estate services firm Studley.
FLORHAM PARK--Cushman & Wakefield has orchestrated a long-term headquarters lease for Saiber LLC, at 18 Columbia Tpke., in Florham Park.
WEST ORANGE-- Sheldon Gross Realty, Inc. was recently appointed the exclusive sales agent for a 6,000-sf office building located at 19 Hutton Avenue in West Orange.
NEW BRUNSWICK--“New Jersey faces real challenges, and there is a lot of work to be done – but we are laying the framework for recovery,” Governor Jon Corzine told approximately 120 NAIOP-NJ members during the commercial real estate trade organization’s annual Public Policy Symposium on March 6.
SPRINGFIELD-- Levin Management Corporation has been named exclusive leasing agent for the 58,048-sf Echo Plaza shopping center in Springfield.
PRINCETON-- NAI Global honored Peter O. Hanson, Chairman of NAI James E. Hanson, with a Lifetime Achievement Award in recognition of his years of dedication and service to the NAI Global network.
WASHINGTON TWP-- Sheldon Gross Realty, Inc. has announced the closing of a 125,580-sf relocation and expansion lease at 401 Cabot Drive in Washington Township.
ISELIN – ENVIRON, an international consultancy firm that assists companies in resolving their environmental and human health issues, has nearly doubled the size of its Newark office.
EDISON – James F. Parry Sr., President of John D. Lawrence, Inc., of Westville, and Past President of Building Contractors Association of New Jersey (BCANJ), has been named a Director of the Associated General Contractors of America (AGC/A), representing the State of New Jersey for a three-year term.
TURNERSVILLE--Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Cross Keys Place, a 148,173-sf retail center in Turnersville.
ELIZABETH--Weichert Commercial Brokerage, Inc. has been appointed as exclusive agent for the 75,600 sf industrial building located at 502 York Street in Elizabeth.
NEW BRUNSWICK--The New Jersey Chapter of NAIOP, the commercial real estate development association, is pleased to announce that Delia Associates of Whitehouse, New Jersey, is the winner of the association’s first Commercial Real Estate Awards Gala Design Competition.
JERSEY CITY-- Antenna Software, a provider of enterprise mobility solutions, has renewed its worldwide corporate headquarters lease at 111 Town Square Place at Newport in Jersey City.
LIVINGSTON-- Jarmel Kizel Architects and Engineers Inc. is providing architecture, engineering and construction contract administration services for Carmine's Livingston, a new restaurant at 405 Eisenhower Parkway.
CRANBURY--Matrix Development Group has announced the acquisition of Mid-Atlantic Corporate Center. The complex has been renamed Matrix Corporate Campus.
PLAINFIELD--Maplewood Homebuilders, a subsidiary of P&F Management Company, LLC, has announced the opening of the Information and Marketing Center at The Monarch.
ELIZABETH, NJ-- Matrix Development Group has announced a 432,140-sf lease renewal with Cory Furniture at Bayway Industrial Center.
WEST LONG BRANCH--The annual Developer’s Night hosted by the Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) is scheduled for this year on March 30.
SADDLE BROOK--James Gunning and Donna Falzarano of CB Richard Ellis Debt & Equity Finance group recently arranged a $35 million first mortgage refinance on behalf of M. Alfieri Company.
NEWARK--CoreNet Global NJ, (Corporate Real Estate Executives Network of New Jersey) the New Jersey State Chapter of CoreNet Global, has scheduled a CoRE Curriculum educational workshop for Thursday, March 26, 2009, from 8:30 A.M. to 10:30 A. M.
CRANBURY--The Sudler Companies plans to offer prospective tenants Class-A office space at a $4.95 psf leasing offer.
SPRINGFIELD-- Larken Associates recently announced the acquisition of Echo Executive Plaza and Echo Plaza Shopping Center, a 107,448-sf retail and office complex located at 899 and 901 Mountain Avenue in the Union County town of Springfield.
WASHINGTON--Mark Alan Hewitt, FAIA, of Bernardsville, is one of 112 architects who have been elevated to the American Institute of Architects (AIA) prestigious College of Fellows, an honor awarded to members who have made contributions of national significance to the profession.
BARNEGAT--Walters Homes, the single-family custom and planned community homebuilding division of Walters Group, garnered three Fabulous Achievement in Marketing Excellence (FAME) awards from the Shore Builders Association of Central New Jersey (SBACNJ).
LYNDHURST-- DMR Architects has announced that construction and renovation is complete at Jefferson Elementary School annex in Lyndhurst.
HOWELL--Weichert Commercial Brokerage, Inc. has been appointed as exclusive agent for the 84,7680-sf industrial building located at 317 Fairfield Road in Howell.
WOODBRIDGE--Onyx Equities, LLC continues to close significant lease and sales transactions throughout the Tri-State area, announcing the sale of three properties totaling 479,636 square feet and the execution of 355,364 sf of lease agreements in 2008.
NEW YORK, NY—Accomplished real estate publishing industry veteran Eric Peterson is joining ScheinMedia, Jonathan A. Schein, president and CEO of ScheinMedia, has announced.
LIVINGSTON--Gebroe-Hammer Associates has announced six property transactions throughout Essex, Hudson and Sussex counties. The mixed-use and five multi-family housing buildings involved 225 units, which sold for a total of more than $20.7 million.
FAIR LAWN--Baron Financial Group has created a new High Stability Wealth Management (HSWM) investment platform for ultra conservative investors with a high net worth and low tolerance for risk, announced Victor Cannillo, a wealth management principal with the independent Fee-Only advisory firm.
RAHWAY--Denholtz Associates, a New Jersey-based real estate development company, announced the conclusion of another strong year in 2008.
TRENTON--As many as 29 percent of New Jersey homes, an estimated 722,000 residential properties, are over-assessed beyond the state’s 15 percent buffer, according to a study released today by analytics expert Adam Berkson.
DEMAREST-- American Properties Realty announces that Michele Kolsky-Assatly, a top agent with Coldwell Banker Residential Brokerage New Jersey and Rockland County, New York, is representing Bellaire, their ultra-luxurious town home estate community in the Bergen County community of Demarest.


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