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Archives for: June 2009

Jun 30
Urology Group Leases 14,000 Square Feet at Mt. Pleasant Medical By Betsy Kraat

WEST ORANGE--The New Jersey office of FirstService Williams, the world’s fourth largest commercial real estate services firm, arranged a 12-year, 13,776-sf lease on behalf of the landlord at Mt. Pleasant Medical in West Orange.

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Jun 30
CBRE Capital Markets Group Completes $19 Million Mortgage Loan for Hartz Mountain Associates By Betsy Kraat

SECAUCUS--CB Richard Ellis' Capital Markets Debt & Equity group recently refinanced a $19 million mortgage loan secured by a first lien on a 197,453-sf office/warehouse located at 40 Hartz Way in Secaucus.

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Jun 30
Mc Gowan Builders Raises $100,000 For Down Syndrome By Betsy Kraat

EAST RUTHERFORD--Mc Gowan Builders, Inc. held the Mc Gowan Builders 7th Charitable Golf Classic at Emerson Golf Club in Emerson.

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Jun 29
Beckerman Public Relations Acquires Avalanche Strategic Communications By Betsy Kraat

BEDMINSTER-- Beckerman Public Relations has acquired Avalanche Strategic Communications, a full-service public relations firm based in Hackensack.

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Jun 29
Tekton Development Corp. Awarded Contract for Hampton Public School in Hampton By Betsy Kraat

HAMPTON--Tekton Development Corp has been retained as general contractor by the Hampton Borough School District in Hampton on a $2.3 million capital improvement project for the Hampton Public School at 32-41 South St.

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Jun 29
Weichert Commercial Holds Open House at Medical/Office Buildings in Holmdel By Betsy Kraat

HOLMDEL--Weichert Commercial Brokerage, Inc. unveiled three medical/office buildings, totaling 48,000 sf located at 670 N. Beers Street, Buildings 2, 3 & 4 in Holmdel at an invitation-only open house hosted for medical practitioners on Saturday, June 20th.

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Jun 26
Cushman & Wakefield Finishes Sublet Assignment in Roseland By Betsy Kraat

ROSELAND--Cushman & Wakefield, Inc. has arranged a 6,913-sf sublease at 425 Eagle Rock Ave. in Roseland.

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Jun 26
NAI Hanson Named Exclusive Leasing Agent for 18,100 SF Industrial Facility By Betsy Kraat

HACKENSACK--NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, has been named the exclusive leasing agent for a single-story 18,100-sf industrial warehouse located at 184 Essex Street in Hackensack.

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Jun 26
Levin Orchestrates Subway Lease at Delco Plaza By Betsy Kraat

AVENEL--Subway will open its doors this summer at Delco Plaza, bringing the 77,928-sf neighborhood shopping center in Avenel to 100 percent occupancy.

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Jun 25
CoreNet NJ Appoints New Leadership By Betsy Kraat

LIVINGSTON--CoreNetNJ (Corporate Real Estate Executives Network of New Jersey), the New Jersey chapter of CoreNet Global, has selected new leadership for the organization.

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Jun 25
DMR Architects Recognized for Design of Special Children's Center in Lakewood By Betsy Kraat

HASBROUCK HEIGHTS--DMR Architects was recently honored at a ribbon cutting ceremony at the Special Children's Center in Lakewood. More than 50 people attended the event, including local and state politicians and the many volunteers who helped make the new center a reality.

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Jun 25
J.G. Petrucci Hires Ryan Waggner By Betsy Kraat

ASBURY--J.G. Petrucci Co., Inc., has announced that Ryan R. Waggner has joined the firm’s growing team of professionals as an Assistant Property Manager. He will be based at the company’s headquarters in Asbury.

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Jun 24
DEP Chief: No Job Cuts Bring Sigh of Relief By Eric C. Peterson, Senior Correspondent

EDISON--Budgetary issues are the talk of state agency hallways, and the New Jersey DEP is not exempt. Indeed, while DEP will have less money to work with for fiscal 2010, the state Treasury's windfall from the recent tax amnesty and other factors will apparently keep the agency's current staffers employed.

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Jun 24
NAI Hanson Named Exclusive Sales Agent for 1.3-Acre Vacant Lot in Rochelle Park By Betsy Kraat

ROCHELLE PARK--NAI James E. Hanson has been named the exclusive sales agent for a 1.3 acre vacant lot, which is available for development and is located at 131 Rochelle Avenue in Rochelle Park.

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Jun 24
SJP Properties Markets Availability of Free-Standing Office Building in Somerset County By Betsy Kraat

BERNARDS TOWNSHIP--SJP Properties has announced that 140 Allen Road, a 65,000-sf office building in the heart of Somerset County, is available for lease in its entirety for the first time.

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Jun 23
CB Richard Ellis Announces Sale of the Raia Self Storage Portfolio By Betsy Kraat

MAHWAH--Jeffrey Dunne of CB Richard Ellis' New York Institutional Group collaborated with Steve Hryszko of CBRE's Self Storage Advisory Group to represent Raia Self Storage in the closing of the Raia Self Storage Portfolio.

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Jun 23
NAI Hanson Hired as Exclusive Listing Agent for Three Apartment Units in Chester By Betsy Kraat

CHESTER--NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, has been selected as the exclusive broker of three newly constructed residential apartment units, which total approximately 6,500 sf and are located at 263-265 Main Street in Chester.

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Jun 23
FirstService Williams Arranges 22,500-SF Medical Condo Buy By Betsy Kraat

WEST ORANGE--The New Jersey office of FirstService Williams arranged for the sale and purchase of a 22,524-sf medical office condominium interest at 375 Mt. Pleasant Avenue in West Orange.

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Jun 22
Kislak Completes West New York Sale By Betsy Kraat

WEST NEW YORK--The Kislak Company, Inc.,recently completed the sale of two apartment buildings comprising 49 units in West New York.

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Jun 22
Newark Regional Business Partnership Presents Web Optimization Workshop By Betsy Kraat

NEWARK--Newark Regional Business Partnership and The Star-Ledger present a Business Improvement Workshop, "Web Optimization" on Tuesday, June 23.

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Jun 21
Colliers Inks Lease at Princeton North Plaza By Betsy Kraat

PLAINSBORO--Colliers Houston & Co. has leased over 20,500 sf of space at Princeton North Plaza, which is located at 101 Morgan Lane in Plainsboro.

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Jun 19
Four Leases Signed for New Flex Building By Eric C. Peterson, Senior Correspondent

FREEHOLD--The 70,000-sf industrial/flex building at 6 Paragon Way in this Monmouth County seat is brand new, and now it has its first four tenants. Sperry Van Ness | Richter Grusd has completed those initial signings, which amount to 25,000 sf square feet.

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Jun 19
Cushman & Wakefield Arranges Retail Property Sale By Betsy Kraat

ROCKAWAY--The Marketplace at Rockaway has traded for $29 million, announced Cushman & Wakefield, Inc.’s Metropolitan Area Capital Markets Group.

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Jun 19
The Metropolitan in Red Bank Now More Than 70 Percent Occupied Just Two Months Into Offering Rentals By Betsy Kraat

RED BANK--After two months since launching an offer to rent at The Metropolitan, the community is now more than 70 percent occupied.

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Jun 18
Governor Launches Food Access Initiative By Eric C. Peterson, Senior Correspondent

NEWARK--It's a new public/private initiative, and one of the key goals is getting more supermarkets open and operating in the state's urban centers. And as part of Gov. Jon Corzine's Economic Recovery and Assistance Plan, the Food Access Initiative aims to create jobs and reduce regional health disparities.

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Jun 18
CB Richard Ellis' Private Client Group Completes Sale of $1.75 Million Mixed-Use Property in Paterson By Betsy Kraat

PATERSON--CB Richard Ellis' Private Client Group recently completed a $1.75 million sale of a 25,000-sf mixed-use facility, which includes four retail units and seven residential apartments, located at 33-43 Park Avenue in Paterson.

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Jun 18
Kislak Completes Sale-Leaseback of 640 Wyckoff Ave By Betsy Kraat

WYCKOFF--The Kislak Company, Inc. recently completed the sale-leaseback of 640 Wyckoff Avenue, Wyckoff.

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Jun 17
State Offers New Funding for Clean Energy Investments By Eric C. Peterson, Senior Correspondent

TRENTON, NJ – New Jersey officials are looking for ways to both create jobs and save energy, and this week the state rolled out a new program in support of both goals. Specifically, the Clean Energy Solutions Capital Investment program will offer up loans and grants to advance projects that either combine heat and power production or include efficient electric generation facilities.

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Jun 17
Weichert Commercial Completes Sale of Multi-Family Property in Bayonne By Betsy Kraat

BAYONNE--Senior Vice President Aaron Mittleman of Weichert Commercial Group has recently completed the sale of a 13,300-sf, 4-story, multi-family investment property in Bayonne.

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Jun 17
Onyx Equities, LLC Completes New 12,282 SF Lease at the Meadows Office Complex in Rutherfor By Betsy Kraat

WOODBRIDGE--Onyx Equities, LLC, has executed a new long-term 12,282-sf lease agreement at 301 Route 17 North, within the Meadows Office Complex in Rutherford, with Summit VetPharm, LLC, an animal health company and subsidiary of Sumitomo Corporation that is relocating from Fort Lee.

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Jun 16
Gebroe-Hammer Associates Orchestrates $2.95 Million Trade in Newark By Betsy Kraat

NEWARK--Gebroe-Hammer Associates has announced the $2.95 million trade of Oliver Plaza Apartments, a 58-unit mid-rise complex in the Weequahic Park neighborhood of Newark.

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Jun 16
Renovation Launches at Raritan Retail Property By Betsy Kraat

RARITAN--A modernizing “facelift” is underway at Somerville Circle Shopping Center in Raritan, announced Matthew K. Harding, president and chief operating officer of retail real estate services firm Levin Management Corporation, the property’s exclusive leasing and managing agent.

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Jun 16
CBRE Hosts Open House for 4-Building Industrial/Warehouse/Office/Flex Portfolio in Mount Olive By Betsy Kraat

MOUNT OLIVE--CB Richard Ellis recently hosted an Open House for four availabilities within its eight-building industrial/warehouse/office/flex portfolio in the 684-acre International Trade Center in Mount Olive.

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Jun 15
NJ REALTORS Unveil Database Examining Housing Affordability By Betsy Kraat

EDISON--The New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF) has unveiled an online, interactive database prepared by the nationally recognized Center for Housing Policy that compares wages for selected occupations with the costs of owning and renting a home.

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Jun 15
Hollister Construction Services CEO Honored By Betsy Kraat

MADISON--In ceremonies held on June 5 at Fairleigh Dickinson University’s College at Florham in Madison, construction executive Christopher A. Johnson was inducted into The Pinnacle, the highest award the university bestows upon its alumni.

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Jun 15
Camden International Trade Session Held at NJ EDA By Betsy Kraat

CAMDEN--Foreign consuls and corporate business executives joined officials from the Governor’s Office of Economic Growth and the New Jersey Economic Development Authority (EDA) to learn how public- and private-sector collaboration can enhance international trade opportunities in global markets.

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Jun 12
Two Leases Signed at Picatinny Applied Research Campus in Morris County By Betsy Kraat

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.

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Jun 12
Levin Signs Cricket Communications at Capitol Plaza in Ewing By Betsy Kraat

EWING TWP--Cricket Communications, the wireless service provider, has become the latest retail tenant at Capitol Plaza in Ewing.

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Jun 12
Fox Rehab To Relocate HQ With Help From NJEDA, TD Bank By Betsy Kraat

TRENTON--Fox Rehabilitation Services, P.C., a provider of in-home physical, occupational and speech therapy, expects to maintain 400 jobs and add as many as 240 new positions over the next two years with its relocation to larger facilities in Cherry Hill Township.

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Jun 11
The Sudler Companies Hosts Open House to Unveil Renovations at 45 Park Road in Tinton Fall By Betsy Kraat

CHATHAM--The Sudler Companies will host an open house at its recently renovated 20,000-sf office, light industrial, flex property located at 45 Park Road in Tinton Falls.

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Jun 11
Massey Knakal Sells Multi-Family in East Orange By Betsy Kraat

EAST ORANGE--Massey Knakal’s Special Asset Strategy Group has announced the sale of 96 Eaton Place.

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Jun 11
Christopher H. Mansuy Joins Carroll McNulty & Kull As a Member By Betsy Kraat

BASKING RIDGE--Carroll McNulty & Kull LLC has announced that Christopher H. Mansuy has joined the law firm as a Member.

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Jun 10
Andre Agassi Featured in Celebrity Match at The Kennedy Funding Invitational By Betsy Kraat

HACKENSACK--Tennis legend Andre Agassi will appear at The Kennedy Funding Invitational, a charity tennis tournament to raise awareness and funding to fight breast cancer.

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Jun 10
Sweetwater Construction Corp. Renovates Maternity Unit at Newton Memorial Hospital By Betsy Kraat

NEWTON--Sweetwater Construction Corp. has announced that it recently completed work on the renovation of the Single-Room Maternity Unit for Newton Memorial Hospital at 75 High St. in Newton.

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Jun 10
CoreNet Global To Present Forum on Technical Outsourcing Solutions By Betsy Kraat

NEWARK, NJ--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 Wednesday, September 16, 2009, from 8:30 A.M. to 10:30 A. M.

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Jun 9
American Properties Realty's The Jefferson In Ewing, N.J., To Hold Grand Opening By Betsy Kraat

EWING--The Jefferson, a new condominium community in the Mercer County Township of Ewing, will unveil three new models at the grand opening to be held this weekend, June 13 and 14.

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Jun 9
FirstService Williams Named Exclusive Agent for 99 & 119 Cherry Hill Road, Signs 12,000-SF Tenant By Betsy Kraat

PARSIPPANY--The New Jersey office of FirstService Williams has been named by Normandy Real Estate Partners as the exclusive leasing agent for 99 & 119 Cherry Hill Road, a two-building, 189,000-sf Class A office complex in Parsippany.

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Jun 9
Newark Welcomes Summer Concert Series By Betsy Kraat

NEWARK--Mayor Cory A. Booker and Director of Neighborhood and Recreational Services Melvin Waldrop have announced that the City of Newark will hold a series of free Downtown Lunchtime Concerts and Neighborhood Concerts as part of its Super Summer programs, bringing local and professional musicians to perform in the City’s downtown Military Park and in parks across Newark.

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Jun 8
Colliers Houston Appointed Leasing Agent for Industrial/Flex Buildings in PIne Brook By Betsy Kraat

PARSIPPANY--Colliers Houston & Co. has been appointed the exclusive leasing agent for six industrial/flex/office properties, which total approximately 90,000 sf and are located within the Montville Business Center in Pine Brook.

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Jun 8
Advance Realty Senior Vice President Kevin Tartaglione Appointed to NAIOP New Jersey Board of Trustees By Betsy Kraat

BEDMINSTER--Advance Realty has announced that Senior Vice President Kevin Tartaglione has been appointed to the Board of Trustees of the New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association.

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Jun 8
NJAR Supports Bill Establishing Continuing Education for Real Estate Licensees By Betsy Kraat

EDISON-- The New Jersey Association of REALTORS® (NJAR®) has voiced its support for legislation establishing continuing education requirements for real estate licensees.

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Jun 5
Lautenberg Station in Secaucus Gets New Parking Spaces By Betsy Kraat

SECAUCUS--The Frank R. Lautenberg transit station at Secaucus Junction got a much needed parking upgrade this week. Governor Corzine, Senator Lautenberg, Congressman Rothman and the property developer cut the ribbon on 1,100 new parking spaces at the station on Monday.

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Jun 5
FirstService Williams Arranges 116,246-SF Breeze-Eastern Office/Industrial Lease By Betsy Kraat

WHIPPANY-- FirstService Williams recently represented Breeze-Eastern Corporation in its 10-year, 116,246-sf office and industrial lease at 35 Melanie Lane in Whippany. Breeze-Eastern is a publicly traded company and the world’s leading supplier of electric and hydraulic rescue hoist systems for helicopters.

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Jun 5
Onyx Equities, LLC Completes Sale of 10,374 SF Office Building in Freehold By Betsy Kraat

FREEHOLD--Onyx Equities, LLC, has completed the sale of a 10,374-sf stand-alone office building located at 65 Gibson Place in Freehold to the Chinese American Bible Church.

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Jun 4
Kenneth Lundberg of NAI Hanson Tapped to Market 14,540 SF Retail Facility By Betsy Kraat

HACKENSACK---NAI James E. Hanson has been appointed the exclusive leasing/sales agent of a 14,540-sf retail facility, which is located at 51 South Route 9W in West Haverstraw, New York.

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Jun 4
IOREBA Accepts Nine New Members By Betsy Kraat

SOMERSET--The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) continues to grow, with nine new brokers accepted for active membership this spring.

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Jun 3
Cushman & Wakefield Closes Office Sale in Ridgefield Park By Betsy Kraat

RIDGEFIELD PARK--With the REO sale of 85 Challenger Road in Ridgefield Park this week, Cushman & Wakefield’s Metropolitan Area Capital Markets Group has closed the tri-state area’s first post-Lehman large Class A office building investor sale. KABR Real Estate Investment Partners, LLC purchased the 235,000-sf, Class A asset from AIG.

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Jun 3
25 Condominiums to be Auctioned at The Beacon at Jersey City By Betsy Kraat

JERSEY CITY--Metrovest Equities has announced that Sheldon Good & Co. Auctions N.E., LLC will auction off 25 one- and two-bedroom luxury condominiums at the landmark Beacon residential development in Jersey City as part of a proactive approach to closing out the community’s first phase of 315 homes which is approximately 80% sold and occupied.

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Jun 3
Jones Lang LaSalle Represents MediaBank, LLC in Leasing Office in Hasbrouck Heights By Betsy Kraat

HASBROUCK HEIGHTS--Jones Lang LaSalle Incorporated recently completed an office lease at 777 Terrace Avenue, a 200,000-sf, Class A office building in Hasbrouck Heights.

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Jun 2
State Rolls Out Clean Energy Manufacturing Money By Eric C. Peterson, Senior Correspondent

TRENTON – The State of New Jersey is looking for more than a few good clean-energy manufacturing operations, and there's money in it for the right companies. State officials yesterday launched a new round of financing for companies that make energy-efficient products and equipment.

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Jun 2
Newark Kicks Off Lead Poisoning and Prevention Week By Betsy Kraat

NEWARK--Acting Business Administrator Michelle Thomas, State Public Advocate Ronald K. Chen, members of the Newark Lead Poisoning Prevention Task Force and Maple Avenue School Principal Deneen Washington were joined by Maple Avenue students and parents to kick off the City of Newark's “Lead Poisoning Awareness and Prevention Week” during a ceremony at Maple Avenue School today. Newark officials also launched a city-wide tri-lingual multi-media campaign designed to promote awareness about lead poisoning and what parents can do to protect their family. Children who are 6 years of age and younger are at greater risk for lead poisoning.

The first week of June has traditionally been National Childhood Lead Poisoning Prevention Week, a nationwide effort to raise awareness of lead dangers in homes and workplaces, and to encourage removal of such hazards from homes and testing of children for signs of lead poisoning. Newark, through its Department of Child and Family Well-Being, maintains an active anti-lead program. Since 2007, the number of Newark children with elevated blood Lead levels dropped from 992 in 2007, to 687 so far last year.

In October 2008, the City of Newark launched the “Model Lead Safe City Initiative,” which partners the City with the Office of the New Jersey Public Advocate to better protect Newark children under the age of six from lead hazards. Under this initiative, Newark has committed itself to achieving goals and objectives defined by the Public Advocate, to reduce lead dangers in homes and incidents of lead poisoning among Newark families, working in partnership with federal, state, county, and non-profit agencies.

Although the sale of lead based paint was banned in 1978, 81 percent of Newark’s housing was built prior to this date. Hence many children in Newark are still exposed to paint with high lead levels. Lead poisoning can cause irreversible, life-long, serious harm including neurological problems, behavioral problems, developmental disabilities, decreased I.Q., growth problems, hearing loss, coma, and sometimes death. Ingestion of lead-based paint by children is the main cause of lead poisoning in the City of Newark.

“Last year the City of Newark received $4 million from the federal Department of Housing and Urban Development to abate 250 homes by 2010, and we expect to meet that deadline. We also received funding from the state Department of Health and Senior Services for $743,143. Of that, $229,101 is a Community Development Block Grant for Childhood Lead Poisoning Control programs, while another $173,084 CDBG grant supports Lead-Safe Houses. We are also getting $100,000 from the state Department of Community Affairs for Lead Education and Outreach and in February were awarded a $1.5 Million grant from the Kresge Foundation to be used towards the expansion of our lead-safe housing, education and outreach,” Director Vizcarrondo said in a statement.

Beverly Wilson found out both of her grandchildren had lead poisoning after she brought them to the Department of Child and Family Well-being for a test in 2006. During the ceremony she praised the city for abating the lead from their home and said, “I applaud the Newark Childhood Lead Prevention Team for their efforts to ensure that my 7-year old granddaughter Dymin and my 6-year old grandson Nyjae both received the treatment they needed so they could grow up to be healthy adults. We now live in a lead safe home thanks to their dedication and determination to keep our children safe from lead.”

City of Newark
www.ci.newark.nj.us

Jun 2
The Goldstein Group Completes 10 Lease Transactiions Throughout New Jersey By Betsy Kraat

PARAMUS-- Chuck Lanyard, president of The Goldstein Group, announced the completion of ten lease transactions for seven retailers throughout New Jersey:

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Jun 1
Synchronoss Technologies, J.G. Petrucci Celebrate Grand Opening of Research & Development Center By Betsy Kraat

ASBURY/BETHLEHEM, PA--Synchronoss Technologies is relocating and expanding its facilities by opening a new 62,000-sf Global Research and Development Center at 1555 Spillman Drive within Lehigh Valley Industrial Park VII (LVIP VII) at Bethlehem Commerce Center in Bethlehem, PA.

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Jun 1
Jarmel Kizel Architects and Engineers Inc. Completing Work on New T.G. I. Friday's By Betsy Kraat

LIVINGSTON--Jarmel Kizel Architects and Engineers Inc. is completing architecture, design and structural engineering services for a new 7,300-sf T.G.I. Friday's restaurant at 1780 Gun Hill Rd. in the Bronx, NY, on behalf of the Briad Group of Livingston.

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Jun 1
Mechanical Solutions Inc. of Whippany Hires Two New Engineers By Betsy Kraat

WHIPPANY, NJ--Mechanical Solutions, Inc. (MSI) of Whippany has added two engineers to the staff of its new Albany, NY office. Thomas J. Walter and Charles J. Prisco are MSI’s newest Principal Engineers.

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