NEW YORK, NY--Peter Berk and Michael Sonnabend, formerly affiliated with AFC Realty Capital, announce the formation of PM Realty Capital LLC and its subsidiary PM Hotel Finance Group.
EDISON--CresaPartners has announced the completion of a 32,408-sf lease relocation on behalf of Camp, Dresser & McKee Inc.
SHANGHAI--Jones Lang LaSalle has announced that New Jersey-based Preferred Freezer Services (PFS) will break ground in a ceremony today to mark its historic expansion into China.
NEWARK--Newark Mayor Cory A. Booker and Deputy Mayor for Economic and Housing Development Stefan Pryor joined New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia and other Newark dignitaries in the rotunda of City Hall yesterday to announce that Newark is the newest member of the “Live Where You Work Program.”
MONTCLAIR--Gebroe-Hammer Associates has announced the $3 million disposition of 28 Gates Ave. in Montclair, a 29-unit four-story walk-up that last traded 65 years ago.
ISELIN--International commercial real estate services firm Studley has announced that J. Thomas Glerum, a seasoned commercial real estate professional with more than 30 years of experience in the industry, has joined the firm as a senior managing director.
WESTWOOD--The Kislak Company, Inc., the dominant investment real estate sales firm in the tri-state region, recently completed the sale of three apartment buildings comprising 42 residential units and one commercial space in the Borough of Westwood.
TRENTON--Advance Realty announced that Fitz & Floyd, Inc., has signed a lease at 429 Riverview Plaza, its two-story, 30,394-sf Class A office building in Trenton.
SEATTLE--Fenwick & West LLP has announced that its Seattle, WA office is the first law firm in the entire United States to be awarded LEED-CI (Platinum) Designation by the U.S. Green Building Council (USGBC).
EAST RUTHERFORD--Management for Metropolitan Center, owned by the CBRE Strategic Partners U.S. Value 5 fund, has recently completed three significant lease transactions, which total 55,031 sf.
EAST RUTHERFORD-- DMR Architects was among the first riders on the new train line servicing the Meadowlands Rail Station, which is open to the public as of July 26.
BERNARDSVILLE--Denholtz Associates has announced the acquisition of a 56,000-sf, Class A office building at 150 Morristown Road in Bernardsville.
DENVILLE--NAI James E. Hanson has recently completed a long-term retail lease agreement with Martinizing Dry Cleaning, a full service upscale dry cleaning franchise, at 3000 Route 10 in Denville.
EDISON-- Hartz Mountain has broken ground on Edison Towne Square, the 98-acre mixed-use redevelopment of the former Ford Plant on Route 1 that is slated to include retail, restaurants/cafes, hotel, entertainment venues and office space.
HACKENSACK--NAI James E. Hanson has been appointed as the exclusive leasing agent for three buildings, which total 16,837 sf of industrial and office space and are located at 400-450 Swenson Drive in Kenilworth.
NEWARK--To put Newark on an equal footing with the nation's other major cities, AIA-NJ's Newark and Suburban Architects, in conjunction with its Emerging Professionals and Young Architects Forum programs, is sponsoring an international design competition for a Visitor's Center for the city.
FARMINGDALE--Palisades Safety and Insurance Management Corporation has signed a long-term lease for the entire 26,683-sf office building at 5006 Belmar Boulevard in Farmingdale, according to its real estate advisor, international commercial real estate services firm Studley.
RIDGEFIELD PARK--KABR Real Estate Investment Partners, a value fund dedicated to the timely and opportunistic purchase of select real estate assets in the New York metro area, has appointed Cushman & Wakefield, Inc. as the exclusive leasing agent for 85 Challenger Road in Ridgefield Park, a Class A commercial office building.
SPRINGFIELD--No Body Denied Health Club has signed a lease for 21,500 sf and will anchor Echo Plaza, a 66,000-sf shopping center at the intersection of Mountain Avenue and U.S. Route 22.
FAIRFIELD--Grubb & Ellis Company has released its Second Quarter 2009 Northern and Central New Jersey Office and Industrial Market Trends. In addition, the Company released its Mid-Year 2009 Retail Snapshot.
NEWARK--Mayor Cory A. Booker has announced the formation of the Newark Tech Corps, a working group of technology sector founders and executives teaming with Newark Leadership to activate and amplify the social Web to accelerate positive change in Newark and beyond.
TEANECK--April K. Johnson of Montclair has been named executive director of Heritage Pointe of Teaneck a full-service rental retirement community located at 600 Frank W. Burr Blvd. in Teaneck.
SADDLE BROOK--According to CB Richard Ellis' Second Quarter 2009 New Jersey Industrial MarketView report, average asking prices for industrial space in Northern/Central New Jersey has declined at the close of the second quarter, as landlords adjust pricing to be more in line with reduced demand.
HASBROUCK HEIGHTS--The New York City School Construction Authority has awarded a three-year, $8 million contract to DMR Architects to provide design consulting services at various schools throughout the city.
SOMERSET-- The Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA) accepted 21 new associate members this spring.
SADDLE BROOK--Weiss Realty Co., representing Paljer Company LLC, has completed a 10-year lease transaction with Dollar General for 15,593 sf at 419 Market Street, in Saddle Brook.
PARSIPPANY--NAI James E. Hanson has been appointed the exclusive leasing/sales agent for a 1,700-sf converted multifamily building located at 32 Budd Avenue in Chester, New Jersey.
NEWARK--McCarter & English has announced that Susan A. Feeney has been re-appointed by the Supreme Court of New Jersey to the State of New Jersey, Committee on Character, for a three-year term ending on June 30, 2012.
HOLMDEL--A group of about 60 architects attended a tour sponsored by the Emerging Professionals program of the Newark and Suburban section of the New Jersey chapter of the American Institute of Architects (AIA-NJ). The tour included presentations by Saarinen expert Peter C. Papademetriou, and Ralph Zucker, president of Lakewood.-based Somerset Development, the contract purchaser for the building.
EDISON--LogistiCare Solutions, a coordinator of non-emergency transportation services, has leased 13,000 sf at 200 Metroplex in Edison, announced Cushman & Wakefield, Inc.
NEWARK, NJ--The Newark Bears played four games during Habitat for Humanity Week, which ran from July 13 – 16, winning the first two games but dropping the second two.
NEWARK--One Gateway Center, Advance Realty’s office building in downtown Newark, is one of 23 buildings that was recently honored on June 29 amongst Building Owners and Managers Association (BOMA) International’s first class of 360 Performance Buildings.
ASBURY--J.G. Petrucci Co., Inc. has completed construction for a new 108,000-sf corporate headquarters and warehouse/distribution facility for CRP Industries Inc. (CRP) at 35 Commerce Drive in Cranbury.
ROSELAND--Greenbaum, Rowe, Smith & Davis LLP announces the arrival of four law
students to the firm's 2009 Summer Associate Program:
SADDLE BROOK--CB Richard Ellis' Private Client Group, a division of New Jersey's largest commercial real estate brokerage firm, recently completed the $1.215 million sale of two bank facilities in Union County at 2 North Avenue, Cranford, and 460 Park Avenue, Scotch Plains.
CHERRY HILL-- Gebroe-Hammer Associates has orchestrated the $13.5 million sale of Cooper Landing Apartments, a 176-unit mid-rise apartment complex in Cherry Hill.
MORRISTOWN--The Hampshire Companies has announced the appointment of Catherine Krause as a Financial Analyst.
JERSEY CITY--NAI James E. Hanson recently completed a new 1,191-sf long-term retail lease agreement on behalf of Tasti D Lite, a nationally recognized dessert franchise, at 110 Newark Avenue.
LAKEWOOD--Madison Commercial Real Estate Services (MCRES) has announced the launch of Madison Learning Center (MLC), its educational arm offering basic and advanced CPE- and CLE-accredited courses to real estate professionals.
BEDMINSTER TOWNSHIP--Local golf enthusiasts recently hit the links to help raise funds for a worthy cause. On June 1, more than 200 golfers participated in The Higgins Classic, a golf tournament that, over the past 18 years, has raised in excess of $2 million for Special Olympics New Jersey.
EDISON--Cushman & Wakefield’s Edison-based industrial team completed nine lease transactions totaling more than 1.3 million sf during the second quarter of 2009.
EAST RUTHERFORD--East Rutherford, NJ-based The Loretta Mc Gowan Foundation and Mc Gowan Builders, Inc. donated $40,000 to The Candle Lighters.
UNION CITY--Raffi S. Arslanian, a principal with RSA Development Group, LLC, is the recipient of Coldwell Banker’s annual Vision Award for his foresight and leadership in spearheading the rebirth of Union City.
KINGSTON, NY--ScheinMediaConferences announces the Hudson Valley Green Real Estate Development Conference, on Wednesday, October 28th from 7:30am to 1:00pm at TechCity Properties, 300 Enterprise Drive, Kingston, NY.
NEWARK--The Kislak Company, Inc. recently completed the $1,650,000 sale of a 101,000-sf industrial warehouse property located at 194–204 North 12th Street in Newark, New Jersey. Vice President Jonathan Greenberg and sales associate Scott Davidovic represented the seller, the long-time owner of the property.
EDISON--The New Jersey Chapter of NAIOP (NAIOP-NJ), the Commercial Real Estate Development Association, will present a Special Legislative Update Breakfast on July 30 at the New Jersey Carpenter Contractor Trust Conference Center in Edison.
PARSIPPANY-- NAI James E. Hanson has been named the exclusive leasing agent for a 20,000-sf unit of warehouse space by The United Yarn Co. Inc located at 400 Newark Pompton Turnpike in Wayne.
BETHLEHEM, PA--J.G. Petrucci Co., Inc. has completed the sale of 2801 Baglyos Circle, Bethlehem, Pennsylvania to Strahman Valves, Inc.
EDGEWATER-- The Peninsula at City Place is offering condominium residences as rentals.
NEW BRUNSWICK--Tekton Development Corp. has completed a $7.5 million renovation at the Oxford Valley Elementary School at 430 Trenton Road in the Falls Township community of Fairless Hills, PA.
CRANBURY--Sweetwater Construction Corp. has announced that it has broken ground on the New Merwick Care and Rehabilitation Center, a new health care facility in Plainsboro, being developed by Windsor Health Care.
LIVINGSTON-- Jarmel Kizel Architects and Engineers Inc. has provided architecture, engineering and design services for Bocconi Pasta Pronto & More, a new restaurant at 363 Essex St. in Hackensack.
HACKENSACK, NJ--NAI James E. Hanson has been appointed the exclusive sales agent of one-half acre of land, which is located at 1 Orben Drive in Roxbury Township.
ISELIN--Bergman Real Estate Group has announced three new long-term leases and one lease renewal at Woodbridge Towers, located at 555 Route 1 South in Iselin.
NEWARK--Mayor Cory A. Booker has reminded landlords and owners of rental housing units that they are responsible for installing and maintaining window guards on rental apartments and public hallways in which a child between six months and 10 years of age resides.
CRANBURY--Matrix Development Group has announced that the Intent Group, a notebook computer wholesaler based in Cranbury, has made a 10,000-sf condominium purchase of Unit B at the Matrix Corporate Campus, which is also in Cranbury.
LIVINGSTON--Japan Tobacco International (JTI) recently moved into its new U.S. headquarters in Teaneck, which was designed by Jarmel Kizel Architects and Engineers. JTI is part of Tokyo-based Japan Tobacco Inc.
HASBROUCK HEIGHTS--DMR Architects has announced that construction for Montclair Residences, a 165-unit rental residential, transit-oriented development at Bay Street Station in Montclair, is near completion.
SOMERSET--Cushman & Wakefield, Inc.’s Andrew Merin, a company vice chairman and head of its East Rutherford-based Metropolitan Area Capital Markets Group, recently served as a featured speaker at NextBridge Group LLC’s “Real Estate & Alternative Investment Conference.”
GREEN BROOK--John G. Udell, president, is pleased to announce that Weichert Commercial Brokerage, Inc. has been appointed as exclusive agent for 2 free-standing retail buildings located at 361 Route 22 East in Green Brook.
FAIRFIELD--David Yavorsky has been named president of Integrated Business Systems, Inc., (IBS) announced Robert Entin, chairman and founder. Established in 1980, IBS is a pioneer and industry leader in real estate property management systems, providing clients with cutting-edge products and services, including its proprietary software system, IBS 10.0i.
A graduate of Penn State University, Yavorsky will oversee the day-to-day operations of IBS and will spearhead the company's ongoing growth. He joins IBS with vast experience in the financial services industry, specifically in mortgages and residential real estate. Most recently, he served as a division president for First American Corporation and chief information officer for the company's mortgage information division. Prior to that he had held positions with CitiCorp Mortgage and Travelers Mortgage.
IBS currently has a client base of nearly 100 major companies, and its personnel have vast experience in solving problems across the entire range of commercial and residential real estate operations. IBS' software programs have been designed with unprecedented levels of functionality and adaptability to enhance and upgrade the internal business operations of the owners, developers and managers of real estate properties.
The company's software system, IBS 10.0i, fully utilizes the power of the Internet in a browser-based program. Developed in close cooperation with real estate development, management and accounting professionals, IBS 10.0i fully automates property management, accounting and construction management functions in one easy-to-use package. IBS 10.0i provides each operation with a live connection to consolidated information and the ability to generate instant reports and analysis.
TETERBORO--NAI James E. Hanson has just completed a 51,000-sf long-term office lease renewal agreement at 100 Hollister Road in Teterboro.
PARSIPPANY--SJP Properties has announced that approximately 170,000 sf of Class A office space is available for lease at Morris Corporate Center IV.
MANALAPAN--Advance Realty has announced that Hawthorne Capital Corporation has leased approximately 6,200 sf of space at Justin Corporate Center, a two-story office building in Manalapan.
MANALAPAN--Advance Realty has announced that Hawthorne Capital Corporation has leased approximately 6,200 sf of space at Justin Corporate Center, a two-story office building in Manalapan.
NEWARK--Mayor Cory A. Booker and State District Schools Superintendent Clifford B. Janey announced that two Newark students have been awarded full scholarships to a Princeton University summer program designed to engage young people in government and politics.
EWING--Nearly 100 prospective buyers turned out to view the new models at the recent Grand Opening of The Jefferson, American Properties Realty's new condominium community in the Mercer County Township of Ewing.
NORTH PLAINFIELD--Levin Management Corporation’s Dale Mulartrick, CCIM, CPM, has been named a 2008 CoStar Power Broker Award winner by CoStar Group.
