NEWARK-- Mayor Cory A. Booker and other dignitaries joined with South Ward residents for a noon groundbreaking ceremony last week for the Ridgewood Ave Supportive Housing Development at 180-190 Ridgewood Avenue.
RUTHERFORD--Corporate America Realty & Advisors announced that Mr. Howard Applebaum, president, was one of the two guest American business speakers at the China International Fair for Investment & Trade ("CIFIT") Promotion Banquet that was recently held in Flushing, New York in late July.
BASKING RIDGE==In Kondratowicz v. Newmark, after trial in Kings County Supreme Court, the jury rendered a defense verdict with a finding that the defendants did not violate the New York Labor Law. Michael R. Schneider, Esq., a Member of Carroll McNulty & Kull LLC of New York (CMK), represented the defendants.
JERSEY CITY –- Fisher Development Associates has announced Forrest Solutions and Cushman & Wakefield as the newest members to the service and marketing teams at Crystal Point, the collection of 269 luxury condominium homes on Jersey City’s Hudson River waterfront.
HACKESACK--NAI James E. Hanson announced the recently completed sale of a 3,400-sf office condo space, located at 58-60 Main Street in Hackensack.
NEWARK--James M. Corbett, a practicing attorney and former executive for some of the largest real estate development companies in the country, has joined Habitat for Humanity Newark (HFHN) as Project Manager, officials from the organization announced today.
CRANBURY-- Sweetwater Construction Corp. has announced that it is building the new headquarters for the NJ Sharing Network, an organ procurement organization now located in Springfield.
ISELIN--Gil Medina, executive managing director of Cushman & Wakefield Inc.’s New Jersey operations, will speak as part of Governor Corzine’s Real Estate Advisory Board at a September 9th meeting of ICREW NJ, a Chapter of CREW Network.
NEW BRUNSWICK--Three commercial real estate industry leaders will share their secrets for getting a good night’s sleep in these turbulent times at the next Chapter Meeting presented by NAIOP New Jersey, the Commercial Real Estate Development Association, on September 30 at the Heldrich in New Brunswick.
MENDHAM--Newark Regional Business Partnership's 16th Annual Golf Tournament, benefiting the Renaissance Newark Foundation, will again be held at Roxiticus Golf Club, a challenging course in Mendham.
PISCATAWAY--Denholtz Associates announced a two year, 20,300-sf lease renewal with Advance Telecom Resources, Inc., a telecommunications service and maintenance company, at 141 Ethel Road West in Piscataway.
BASKING RIDGE--Jonathan P. Zayle, Esq., a Senior Associate with the Basking Ridge, N.J.-based law firm Carroll McNulty & Kull LLC (CMK), recently served as a panel speaker at the New Jersey Institute for Continuing Legal Education’s (NJ ICLE) “Tackling Construction Law Issues” Seminar.
PARSIPPANY--NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce that it has recently completed three new long-term retail lease agreements, which total 5,500 sf and are located at 220 Route 59 in the Airmont Village Square shopping center in Suffern, New York.
HASBROUCK HEIGHTS--Jones Lang LaSalle has announced the hiring of Michael Sargis as Vice President of Industrial Brokerage Services in New Jersey.
NEWARK--Mayor Cory A. Booker, Newark Municipal Council Members, and other Newark dignitaries will join with Central Ward residents for a ribbon cutting ceremony to re-open First Street Parks and Thomas Silk Park located at 258-264 First Street, the corner of Second and Third Streets, on Tuesday, August 25, 2009, at noon.
WOODBRIDGE--The Schultz Organization continues to close significant transactions in the northern New Jersey marketplace. Recently, the firm completed five transactions totaling approximately 144,000 sf.
MORRISTOWN-- The 40th Annual Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area, Inc. (IOREBA) Golf and Tennis Outing brought industry leaders together to pay tribute to industry icon Jeffrey J. Siegel. Some 100 participants honored the former executive vice president of Murray Construction Co., Inc., who passed away last fall.
The Morris County Golf Club in Morristown served as host for the annual IOREBA event. During the outing dinner David Simson, Siegel’s personal friend and vice chairman/COO, Newmark Knight Frank, addressed the guests. “Jeffrey J. Siegel had the capability to meet someone and immediately engage them as a friend and create a special bond,” he said. “The individuals who had the opportunity to know him were truly blessed and their lives were more enriched. The only ones luckier than his friends were his family. All of us in the real estate industry understand the loss to the community, but his legacy will live on for many years. Jeff, we all miss you very much.”
And avid golfer, himself, Siegel was highly respected by clients and colleagues during his tenure at Murray Construction. He spent 35 years contributing to his firm’s success as a leading tri-state area developer and general contractor. Additionally, he served on the boards of IOREBA and NAIOP-NJ, and sat on advisory committees for a number of trade publications.
Putting sponsors included Murray Construction (event/cocktail hour), Russo Development Corporation (halfway house), Welsh Chester Galiney Matone, Inc. (longest drive), PSE&G (putting contest sponsor) and Platinum Bank & Trust (closest to the pin). The AZTEC Corporation, Carl Berger Associates and Coldwell Banker Commercial/Feist & Feist Realty Corp contributed to the prize fund.
Corporate hole sponsors included Farer & Fersko, Hartz Mountain Industries, Inc., Seagis Property Group, Zimmel Associates, Jones Lang LaSalle, The Morris Companies, Douglas J. Kelly Associates, J.D. Carton & Son, Inc. and Mack Management & Construction Corp. Custom hole sponsors included CPG Interactive, Matrix Development Group, Ryan Wolfe Kossar Foundation, The Furniture X-Change, Colliers Houston & Co., Jim O’Brien Architects LLC, Newmark Knight Frank and Federal Business Centers.
IOREBA members Jeff Furey; Mike Markey, Colliers Houston & Co.; Mike Messer, Gallo Geffner Fenster, P.C.; Dan Saxon, Kurgan-Bergen Realtors; and Ron Kraft comprised the 2009 golf and tennis outing committee.
TRENTON--Valley National Bank, the largest commercial bank headquartered in New Jersey, has been granted Preferred Lender status by the New Jersey Economic Development Authority (EDA).
TEANECK-- According to results found in Colliers Houston & Company's First and Second Quarter Market Reports for 2009, New Jersey's industrial markets remain steady despite the struggling economy, posting returns that are consistent with national recessionary trends.
NEWARK--Mayor Cory A. Booker, city dignitaries, and representatives from the New Jersey Housing Mortgage Finance Agency joined with South Ward residents today to cut the ribbon to open a new eight-unit affordable housing rental development at 132-136 Hawthorne Avenue, this morning.
WHIPPANY-- Newmark Associates, Inc. has announced the creation of an exclusive Real Estate Legal Division.
SOUTH PLAINFIELD--Fitness 19, the national value gym chain, will establish its third New Jersey location at Oak Park Commons in South Plainfield, announced retail real estate services firm Levin Management Corporation, exclusive leasing and managing agent for the shopping center on Oak Tree and Park avenues in South Plainfield.
BEDMINSTER-- Cushman & Wakefield’s Metropolitan Area Capital Markets Group has arranged the disposition of 150 Morristown Road in Bedminster, which NPV Direct sold to Denholtz Associates.
CALIFON--NAI James E. Hanson has been named the exclusive sales agent for a 1,500-sf building, which is located at 432-434 Route 513 in Califon.
SPRINGFIELD--Multi-family investments for small-to-mid-sized existing properties continue to surge throughout Northern New Jersey as evidenced by the recent $1.7 million trade of 45 – 51 Morris Ave., in Springfield.
PARSIPPANY--NAI James E. Hanson has been appointed as the exclusive sales agent for a large tract of vacant land, which totals 360 acres and is located in Franklin and Hardyston Townships. NAI Hanson's John Schilp, Senior Vice President, will be responsible for marketing this property on behalf of the seller, Imperatore Sussex Partnership, L.P.
ROSELAND--The Gale Construction Company, LLC, a subsidiary of Mack-Cali Realty Corporation, has completed construction management services for Wyndham Worldwide Corporation’s new corporate headquarters at 22 Sylvan Way at the Mack-Cali Business Campus in Parsippany.
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.
TRENTON-- The New Jersey Chapter of the American Institute of Architects (AIA-NJ) has nominated architect Michael Graves, FAIA, of Princeton, to the New Jersey Hall of Fame.
ISELIN--The Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA) has announced its 2009-2010 monthly meeting/event schedule.
TRENTON--The New Jersey Economic Development Authority (EDA) has finalized a line of credit guarantee to assist Vineland-based NDS Technologies under a new program established by Governor Jon S. Corzine and the state Legislature to help New Jersey businesses cope with the effects of a national economic downturn.
NEWARK--Mayor Cory A. Booker, Corporation Counsel Julien X. Neals, and Municipal Court Presiding Judge Richard J. Nunes have announced that 44 students participating in the Third Annual Comprehensive Summer Internship Program held two mock murder trials in the Municipal Court yesterday in Municipal Court Parts 5 and 7.
CHESTERFIELD--Having sold out of its popular townhomes, award-winning homebuilder American Properties Realty has announced that its Single Family Classics are now open for sale at Heritage at Chesterfield in Burlington County.
HILLSBOROUGH--Larken Associates has begun the renovation and repositioning 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.
PARSIPPANY -- NAI James E. Hanson, one of New Jersey's leading commercial real estate firms, has announced the completion of a 13,315-sf lease expansion and extension at the National Newark Building, located at 744 Broad Street in Newark.
TRENTON-- Bruce D. Turner, AIA, of the New Jersey chapter of the American Institute of Architects (AIA-NJ), based in Trenton, was recently appointed to the 2009 Community Committee of the national board of AIA.
WHIPPANY--Newmark Associates, Inc. has received a 2008 Power Broker Award from CoStar Group, Inc. The award recognizes Newmark Associates’ position as one of the top producing leasing firms in Northern New Jersey in 2008.
HOBOKEN--As the first event for the 2009-2010 year, Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA) will host a joint meeting with members of Industrial/Commercial Real Estate Women, Inc. (ICREW NJ) aboard a boat cruise around Manhattan on Tuesday, Sept. 22, 2009.
WOODBRIDGE--Helios Capital, LLC, has completed $30 million in mortgage loan transactions in the Tri-State area and Florida over the last 7 months.
EDISON--"New Jersey is now open for business," declared State Senator Ray Lesniak (D-Union) at the Special Legislative Update sponsored by NAIOP New Jersey and moderated by Joseph Taylor, President and CEO of Matrix Development Group and Chairman of the Governor’s Real Estate Advisory Board.
PLAINSBORO--In New Jersey’s largest multi-family rental property sale to date in 2009, Cushman & Wakefield’s Metropolitan Area Capital Markets Group has orchestrated the trade of Fox Run Apartments in Plainsboro.
MARLTON--Les Altenberg, President of A.L.T. Legal Professionals Marketing Group was selected to teach an on-line course designed to instruct attorneys and legal marketers on the proper writing of press releases, pitch letters, articles, web site copy, brochures, etc.
BEDMINSTER--McGrath's Hardware has signed a lease for 3,147 sf at The Hills Village Center, in Bedminster, announced Levin Management Corporation, exclusive leasing and managing agent for the property.
PARSIPPANY-- NAI James E. Hanson has announced that it has recently completed the sale of a 2,500-sf office space, located at 181 Route 206 South in Roxbury.
PISCATAWAY--Denholtz Associates has completed of a 11,200-sf lease renewal/expansion with Eshopic, Inc., a digital photography and accessory company, at 140 Ethel Road West in Piscataway.
SADDLE BROOK-- The Hampshire Companies has inked two lease deals totaling over 8,300 sf at its office building, Park 80 East, located at 160 Pehle Avenue in Saddle Brook.
WOODBRIDGE--The Kislak Company, Inc. was recently named the exclusive sales agent for 98 Frelinghuysen Avenue in Newark, a 216,334-sf industrial warehouse complex.
NEWARK-–Paramount Bakeries, Inc., a commercial bakery primarily serving supermarket chains, expects to maintain 40 jobs and add 15 new positions over the next two years as the company builds a 12,000-sf addition to its production plant and 2,500 sf of office space in Newark.
MIDDLETOWN--Cushman & Wakefield, Inc. has been named as exclusive leasing agent for 480 Red Hill Road, a 285,000-sf, Class A office building in Middletown.
PARAMUS--CresaPartners recently completed its second quarter analysis of the northern New Jersey tenant office sector.
PARAMUS--The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, has opened registration for the Jeffrey J. Siegel Golf Classic, to be held Sept. 21, 2009 at Ridgewood Country Club in Paramus.
PATERSON--CB Richard Ellis' Private Client Group has recently completed a $2.825 million sale of a 20,000-sf mixed-use facility, which is located at 19-21 Park Avenue in Paterson and includes four retail units and 24 two-bedroom residential apartments.
CLIFTON--A global manufacturer has leased 230,953 sf, representing the entire building at 261 River Road, announced Cushman & Wakefield, Inc.
HACKENSACK--Alfred Sanzari Enterprises has selected Josh Krantz, president of National Property Associates, Inc. as the exclusive leasing agent for Court Plaza, Bergen County’s Class A office complex situated in the heart of downtown Hackensack.
GLASSBORO--State, county and local officials will gather in Glassboro today to break ground on Rowan Boulevard’s Barnes & Noble Collegiate Superstore.
LANDISVILLE–August 4, 2009 – On behalf of its client, Polymer Group Inc., Binswanger is pleased to announce the sale of a 240,000-sf building located at 450 Northeast Boulevard in Landisville.
WEST ORANGE--The Hampshire Companies, together with joint venture partner, Paragon Realty, has announced that The Urology Group of New Jersey has leased 13,776 sf at 375 Mount Pleasant Avenue in West Orange.
RAHWAY--Weichert Commercial Brokerage, Inc. will now be offering 41,000 sf of professional/office space available for sale and for lease at 2 City Hall Plaza in Rahway.
MORRISTOWN--The Hampshire Companies has announced the acquisition of Raia Self Storage portfolio totaling 578,334 sf.
WEEHAWKEN--The Marketing Directors, Inc. has been appointed the Marketing and Exclusive Sales Agent for Henley on Hudson, a collection of European-inspired homes located along the Hudson River in Weehawken facing midtown Manhattan.
SHORT HILLS--RXR Realty LLC has announced that Otsuka America Pharmaceutical, Inc., a global manufacturer, seller, importer/exporter of pharmaceuticals, clinical testing and medical equipment, food products and cosmetics, has signed a 67,531-sf long-term lease at University Square, its newly completed 313,000-sf premier Class-A office building located in the Princeton submarket.
EDISON-- Dr. Leonard’s Healthcare Corp., a leading online catalog retailer, has leased 15,000 sf at Towne Corporate Centre, 2147 Route 27 in Edison, announced Cushman & Wakefield, Inc.
RUTHERFORD--MetLife has expanded and extended its lease agreement at 1979 Marcus Avenue in Lake Success, NY, adding 3,566 sf of space to its existing 6,788-sf lease, bringing the total footprint to 10,354 sf
