MONTVALE--The first model homes at The Enclave at Montvale, a community of estate-style Villa residences designed by the renowned architect Bob Zampolin and developed by leading homebuilder Woodmont Properties, will make their debut this weekend.
SUMMIT--NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, announced today that it has completed a 4,000-sf lease agreement with Peregrine Capital Partners, LLC, an investment banking and financial advisory firm, at 15 Maple Street in the heart of downtown Summit.
HAZLET--Garden Commercial Properties continues to record leasing activity and development progress at its shopping and commercial centers throughout New Jersey.
FREEHOLD--CB Richard Ellis was recently appointed the exclusive leasing agent for a 170,000-sf premier medical office building, which is adjoined to the CentraState Medical Center at 901 West Main Street in Freehold.
CLIFTON--NAI James E. Hanson has been selected as the exclusive listing agent for 56,920 sf of industrial/office flex space within a single-story, 85,390-sf facility located at 211 Mount Prospect Avenue in Clifton.
NEWARK--CoreNetNJ, the New Jersey State Chapter of CoreNet Global, has scheduled an educational and entertaining forum focusing on the new Atlantic Health Jets Training Center.
WOODBRIDGE—-Sign up now! With nearly 200 people registered, the Third Annual Greenbaum Real Estate Conference on May 7th at the Woodbridge Hilton will answer these critical questions and issues:
DEMAREST--American Property Realty has sold three residences in recent weeks at Bellaire, its ultra-luxurious townhome community in the community of Demarest.
PRINCETON--WithumSmith+Brown, PC, a public accounting and consulting firm, announced today that the firm’s co-founder, Ivan Brown, will be transitioning from his current role as managing partner and assuming the role of managing partner emeritus.
NEW YORK, NY-- Jones Lang LaSalle announced that Peter Riguardi, president of its New York region, has been selected by Monmouth University’s Kislak Real Estate Institute to receive its 16th annual Leadership Excellence Award.
HACKENSACK--NAI James E. Hanson has been hired as the exclusive leasing agent for four vacant, commercially zoned 10,000-sf parcels of land, which are located at 508-512 West 45th Street in Union City.
TEANECK--More than 100 volunteers from IBEW Local 164, which includes members in Bergen, Hudson, and Essex counties, recently joined other building and construction trades as well as local corporations, civic groups, schools and congregations for Rebuilding Together Bergen County 2009.
SECAUCUS--Bergman Real Estate Group, a privately owned real estate investment firm that owns and manages office properties throughout New Jersey, announced two new long-term leases at 333 Meadowland Parkway in Secaucus. These new lease agreements bring the building to 93% occupancy.
SECAUCUS-- Two major leases at Hartz Mountain properties in different New Jersey sub-markets point to emerging dynamics resulting from changes in the economy.
NEW BRUNSWICK--At its recent annual meeting, members of NAIOP New Jersey elected Jeffrey Milanaik, president of Heller Industrial Parks, Inc., as NAIOP-NJ president for 2009.
ROSELAND, NJ – The Philadelphia-based WolfBlock law firm may be dissolving after 106 years, as reported by New Jersey & Company, but one of the firm's key offices will stay largely intact as a new firm. In just three-and-a-half weeks, the firm's 62-attorney office here has re-launched itself as Brach Eichler.
PLAINFIELD--P&F Management Company, LLC, based in nearby Hillside, recently collaborated with the City of Plainfield to convert the vacant Front Street land parcel into a 63-unit condominium complex featuring a ground-floor senior center and a separate veterans meeting hall.
PATERSON--NAI James E. Hanson has been named the exclusive leasing agent for 16,000 sf of industrial warehouse/office flex space within an 18,000-sf warehouse facility, which is located at 200-202 River Street in Paterson.
ATLANTIC CITY--Feinberg & Associates and their recently formed Strategic Alliance of real estate-related professional companies will be presenting a two-part seminar at the upcoming Atlantic Builders Convention on April 22 and 23 in Atlantic City. The discussion titled “Boot Camp for Builders in a Troubled Economy” will take place in the Atlantic City Convention Hall’s room 314 from 3 to 4:30 p.m.
SOUTH HACKENSACK--NAI James E. Hanson recently completed a new 4,200-sf industrial lease agreement with Nice System, Inc., a global provider of advanced solutions for monitoring and managing security access across transportation systems, at 600 Huyler Street in South Hackensack.
JERSEY CITY--A host of federal, state and local officials will join developers on Thursday, April 23rd at 11:00 a.m. for ceremonies celebrating the vertical construction progress of 225 Grand, a new 15-story rental building featuring 348 residences, an enclosed parking garage with up to 350 spaces, and 1,700 sf of retail space.
NEPTUNE – The Neptune Twp. planning board has given its okay for a still-to-be-named mixed-use development on nearly 50 acres at the intersection of State Route 66 and Jumping Brook Rd. in this Monmouth County community. Located near Neptune's border with Tinton Falls not far from the recently opened Jersey Shore Premium Outlets, the project traces to a 2001 agreement between the two adjoining townships and two developers that the site should be commercially developed.
SOMERSET-- GalaxE.Solutions, Inc., an IT solutions and consulting firm, has recently signed a 27,000-sf office lease renewal and expansion at 2 Executive Drive in Somerset, according to Denholtz Associates.
OLD BRIDGE--The Lightstone Group has signed 7-Eleven to a 10 year, 2,500-sf lease at the Browntown Shopping Center in Old Bridge.
WOODBRIDGE--Join New Jersey & Company at the Third Annual Greenbaum Real Estate Conference on May 7th at the Woodbridge Hilton.
LAKEWOOD--The Sudler Companies has leased a total of 67,000 sf of space at its Sudler Corporate Park, a 250-acre business park featuring a mix of industrial, distribution and office space, located within two separate buildings at 1000 Towbin Avenue and 1650 Corporate Road West in Lakewood.
PALISADES PARK--Seventy-one residential condominium units representing more than half of the eight-story Trio at 460 Bergen Blvd. have been sold for $18 million, announced Cushman & Wakefield's Metropolitan Area Capital Markets Group, which represented the owner.
HAMMONTON--The Gale Construction Company, LLC, a subsidiary of Mack-Cali Realty Corporation, has commenced construction management services for a new regional operations center in Hammonton, being developed for New Jersey Manufacturers Insurance Company (NJM).
FAIRFIELD--Grubb & Ellis Company has released its First Quarter 2009 Northern and Central New Jersey Office and Industrial Market Trends.
TRENTON--Due to the demand for tickets for We Are BOOST Allies of Humanity Awards 2009, the community organizing group is moving the awards venue to Conduit Music Club, which is located directly across the walkway from the event's original location, Planet Havana.
NEWARK--Mayor Cory A. Booker was joined today by East Ward Council Member Augusto Amador, Deputy Mayor for Economic and Housing Development Stefan Pryor, Director of Housing and Real Estate Michael Meyer, Executive Director of the New Jersey Housing and Mortgage Finance Agency Marge DellaVecchia, representatives of ETC Companies, LLC and the Ironbound Community Corporation (ICC) at a ceremony today to break ground on a new $22 million affordable housing development project in Newark’s East Ward.
BEDMINSTER--FirstService Williams New Jersey recently completed four new leases totaling 24,047 sf at Bedminster One, a 161,632-sf class A office building in Bedminster.
LIVINGSTON-- Jarmel Kizel Architects and Engineers, Inc. has recently completed work on a 20,500-sf addition at the Jersey City Community Charter School at 128 Danforth Ave. in Jersey City.
by Eric Peterson
HARRISON–- The structural steel phase of Red Bull Arena was officially completed on Tuesday when officials of Red Bull New York hosted the topping off ceremony for the new 25,000-seat venue. The Red Bulls, one of 15 teams making up the top-flight professional Major League Soccer, will begin play in 2010 in the new stadium, moving here from Giants Stadium in the Meadowlands.
WARREN-- CB Richard Ellis has been named exclusive leasing agent for 184 Liberty Corner Road, a 365,000-sf office building in Warren.
HASBROUCK HEIGHTS -- DMR Architects has been awarded a $1.5 million contract with the New Jersey Schools Development Authority (NJSDA) to complete various health and safety projects at public school buildings throughout the state.
SADDLE BROOK--Construction is currently well underway at the Claremont Corporate Center, a 46,576-sf office building that is located in Summit. This office project is a two-story, Class-A office building, scheduled for delivery to the market in the third quarter of 2009.
MONROE TOWNSHIP--The Industrial/Commercial Real Estate Women, Inc. (ICREW NJ), the New Jersey Chapter of CREW Network, will host its Eighth Annual Golf Classic, providing golfers the opportunity to enjoy a full day of golf and networking while raising funds for breast cancer research.
NEWARK--CoreNetNJ, the New Jersey State Chapter of CoreNet Global, has scheduled an educational and entertaining forum focusing on the new Atlantic Health Jets Training Center.
TRENTON--The New Jersey Department of Community Affairs’ (DCA) Main Street New Jersey program, in collaboration with the JGSC Group of Merchantville, will present a seminar, “Downtowns In Recession: Strategies to Survive Today and Thrive Tomorrow,” at Thomas Edison College in Trenton on April 29 & 30.
WEST ORANGE-– Kevin Beach, a registered patent attorney, joined Wolff & Samson P.C. as an associate in the Intellectual Property Group.
NEWARK--The New Jersey Devils is headed into the NHL playoffs and the Newark Regional Business Partnership and the Devils will host a Playoff Rally Luncheon for the region's business leaders on April 14, from 12:00 - 2:00 p.m. at the Prudential Center Restaurant.
WEST CALDWELL-- Del-Sano Contracting Corp. has reported that construction on Phases II and III of Crane’s Mill Continuing Care Retirement Community, a continuing care retirement community, is progressing as planned, with construction of Phase II nearly 40% complete.
MONTVALE--NAI James E. Hanson has announced that it has been named the exclusive leasing agent for a 29,898-sf two-story office building, located at 20 Craig Road.
EASTON, PA-- The Lightstone Group has signed Smokin’ Joe’s Tobacco Shop to a 1,200-sf, long-term lease extension at the 25th Street Plaza Shopping Center at 2473 Nazareth Road in Easton.
NEWARK-- Mayor Cory A. Booker, North Ward Council Member Anibal Ramos, Jr., New Jersey Department of Banking & Insurance Director Terry McEwen, Newark Now President and CEO Edgar C. Izurieta, SingleStop USA CEO Elisabeth Mason, representatives from Capital One Bank and other Newark dignitaries will cut the ribbon to open Newark Now’s Financial Empowerment Center, located at 103 Bloomfield Avenue today at 12:30 PM.
SADDLE BROOK-- CB Richard Ellis' Capital Markets Debt & Equity group recently arranged a $12.25 million permanent fixed-rate mortgage for acquisition on behalf of the borrower, Marcon Roseland, LLC.
NEW BRUNSWICK--The finalists for the “Deal of the Year Awards” have been announced by the New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association.
NORTH PLAINFIELD--Stanbery Development has awarded two new property management assignments to Levin Management Corporation.
ALLENTOWN, PA--AMB Property Corporation has announced it has leased 157,000 sf at a development project in eastern Pennsylvania to a leading wholesale distribution company.
CHERRY HILL-- Seasoned corporate attorney Tami Bogutz Steinberg has joined Flaster/Greenberg P.C., as a shareholder.
PARSIPPANY--Although the New Jersey commercial real estate market showed signs in the first quarter of 2009 of being at or near bottom, a large inventory of shadow space has the potential to hit the market later this year, which would further increase availability rates and decrease asking rents, according to data released by FirstService Williams, formerly GVA Williams, in its first quarter 2009 market report.
EATONTOWN--American Properties Realty's condominium community Mill Pond at Eatontown has been nominated for seven New Jersey Builders Association (NJBA) Sales and Marketing (SAM) Awards.
WOODBRIDGE--The Kislak Company, Inc., has announced the promotion of Don Baxter to Vice President.
SOUTH BRUNSWICK-- NAI James E. Hanson has announced the completion of a 208,899-sf industrial sublease at 1203 Cranbury South River Road in South Brunswick.
EAST RUTHERFORD--Robert Stark, a 25-year commercial real estate industry veteran, has joined Cushman & Wakefield’s Global Client Solutions Group in East Rutherford as senior portfolio manager.
BASKING RIDGE--As part of its community outreach initiative, Carroll McNulty & Kull LLC (CMK) of Basking Ridge is providing pro-bono legal services in cooperation with Partners for Women and Justice (PFWJ), a non-profit organization based in Montclair.
CHATHAM-–Russo Development, LLC and Cervalis, LLC have announced a long-term lease for a new, 148,191 sf data center facility in northern New Jersey.
WOODCLIFF LAKE--Eisai Medical Research Inc (EMR), a subsidiary of Eisai Corporation of North America (ECA), has signed two long term leases totaling 160,000 sf in Woodcliff Lake.
SECAUCUS--Continuing to expand its presence throughout the country, Sports Authority will formally open a new store in Secaucus on April 4th, said Greg Waters, chief operating officer of Sports Authority.
ANNANDALE-- CB Richard Ellis recently completed a 14,878-sf lease on behalf of the Arc of Hunterdon County at 1465 State Route 31 S, Annandale.
NEWARK-- The City of Newark will impose mandatory one-day-a-month furloughs for all non-uniformed employees beginning in July, and continuing through December 2010, as well as two-percent pay cuts for all unrepresented managers and directors earning more than $100,000 a year.
PINE BROOK-- GSH Group Inc., an international building, engineering, and energy management provider, has announced it is entering into a staffing contract with the Port Authority of New York and New Jersey for one of their buildings in New Jersey.
ROSELAND--“Where are the Development Opportunities?” “How to Get Financing!” and “The Mayors Speak” are the three panel discussions that will be featured at the Third Annual Greenbaum Real Estate Conference on May 7 at the Woodbridge Hilton.
TEANECK-- Colliers Houston & Co. has been selected to provide management services for over 1.95 million-sf of retail and industrial space contained within Panattoni Development Companies' Tri-State portfolio.
NEWARK--The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) will host its first “Urban Developer’s Night” on Monday, April 27, at the Robert Treat Hotel in Newark.
