ATLANTIC CITY--The Strategic Alliance, a group of eight real-estate related professional service companies, recently exhibited at the 94th Annual New Jersey State League of Municipalities Conference in Atlantic City.
ATLANTIC CITY--REALTORS® are giving back during the Triple Play REALTOR® Convention & Trade Expo, which is scheduled for December 8-10, 2009 at the Atlantic City Convention Center.
EAST RUTHERFORD-- NAI James E. Hanson has recently completed a 5,175-sf office relocation agreement on behalf of Hackensack University Medical Center at 375 Murray Hill Parkway in East Rutherford.
NEW BRUNSWICK--The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, is accepting nominations for the Commercial Real Estate Awards, to be presented at the 23rd Annual Gala on May 13, 2010.
CHATHAM--Pinnacle Solutions, an advisory and workout firm, has announced the hiring of Stuart Green as Principal.
NORTH PLAINFIELD--Express Stores, LLC, a T-Mobile authorized dealer with 17 locations, has leased 3,000 sf at 578 Route 22 East, an 8,400-sf retail building at the intersection of Westervelt Ave. in North Plainfield, announced Levin Management Corporation, exclusive leasing and managing agent for the property.
HACKENSACK -- Beckerman has announced that Amanda Metcalf of New York, NY, has joined the firm in the role of senior account executive.
WEST ORANGE--CB Richard Ellis' Capital Markets Debt & Equity group recently arranged a $3 million two-year, interest only bridge loan for a premier 39,131-sf medical office building, which is located at 475 Prospect Avenue in West Orange.
FAIRFIELD--Denholtz Associates has announced the completion of a 13,289-sf lease renewal at Fairfield Business Center in Fairfield, New Jersey, with American Computer Resources, (AMCOR), a national and international provider of depot repair, parts, inventory, asset and logistics management services.
PARSIPPANY--In order to achieve better operating efficiencies, Applications Consulting Group, which specializes in providing business intelligence and performance management solutions to Fortune 500 companies, has relocated to 4,500-sf office space at 1639 Route 10 in Parsippany.
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.
NEWARK--Mayor Cory A. Booker, Members of the Municipal Council, Deputy Mayor of Economic and Housing Development Stefan Pryor, Ironbound Community Corporation Executive Director Joseph Della Fave, and other dignitaries will dedicate the “Brief History of the Ironbound” public art mural in the parking lot at 413 Market Street, today, November 23, at 2 p.m.
FLORHAM PARK--Cushman & Wakefield, Inc. has orchestrated a new lease and an expansion/renewal at Westminster Corporate Center in Florham Park, reflecting steady demand at the Kushner Companies-owned, Class A office complex.
NEWARK-–The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, will present a Port Area Infrastructure & Logistics Update at the NJ Transportation Planning Authority, One Newark Center in Newark, on December 4 from 8 a.m. to 10:30 a.m.
HACKENSACK--NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, has been named as the exclusive sales agent for a .42-acre parcel of land that includes a free-standing 585-sf retail facility at 30 Mount Vernon Street on the corner of Lincoln Avenue in Ridgefield Park.
FLORHAM PARK--"I can't think of a subject creating more turmoil in the financial markets," said Michael A. Guariglia, managing partner in the Newark office of McCarter & English. It was his intro to a program, sponsored by the law firm yesterday, titled "Business, Banking and the Economy: What Happened and What's the Outlook."
EDISON-—Mack-Cali Realty Corporation has announced that A&E Distribution, Inc. has signed a five-year lease renewal for 63,400 sf at Mack-Cali Airport, 200 Riser Road in Little Ferry.
HILLSBOROUGH--Levin Management Corporation has been named leasing agent for Hillsborough Plaza, a 52,326-sf shopping center on Route 206 at Andria Avenue. Route 206 is a major conduit to I-287 and U.S. Route 22.
HACKENSACK--NAI James E. Hanson has been selected as the exclusive sales agent for two free-standing, single story retail facilities in Northern New Jersey, located at 200 Main Street in Ridgefield and 183 Eagle Rock Road in Roseland, which total approximately 6,123-sf.
RAHWAY--Denholtz Associates recently signed a 19,442-sf lease renewal and expansion at 2400 Lake Park in Smyrna, Georgia with United Acceptance, Inc.
LAWRENCEVILLE--The New Jersey Business & Industry Association (NJBIA) is partnering with Junior Achievement of NJ (JA) to raise at least $15,000 to bring K-12 financial literacy programs to more than 500 students in Central Jersey.
MOUNT OLIVE--CB Richard Ellis, Inc. is offering for sale the 1,000,855-sf former BASF headquarters for $47.5 million (or $47±/SF), which equates to less than 20% of replacement cost.
MADISON--The Hampshire Companies has announced that it has begun renovations and broken ground for a new addition at The Madison Professional Center located at 345 Main Street in Madison.
NORTH PLAINFIELD--Steven Barthel has joined Levin Management Corporation as Vice President of Construction, announced Matthew Harding, president and chief operating officer. In his new role, Barthel will oversee all construction activities within the firm's retail portfolio of more than 12.5 million sf.
HACKENSACK--Beckerman, one of the largest independent public relations firms in the industry, has announced that Sharla S. Sookdeo of Hoboken has joined the firm in the role of director.
NEWARK--The City of Newark has won the New Jersey Society of Municipal Engineers Honor Place Award in the Municipal Construction Management Projects “F” Category for the first phase of the Ferry Street Streetscaping Project.
PARSIPPANY--BioClinica, Inc. has signed a long term, 36,143-sf lease as the anchor tenant at 800 Adams Avenue, a new, class A office building in the Philadelphia suburb of Valley Forge, PA.
EAST BRUNSWICK, NJ – While much of the talk about New Jersey's Site Remediation Reform Act (SRRA) and specifically the Licensed Site Remediation Professional (LSRP) program has been about the impact on real estate developers and owners, not much has been said about the lending community's stake. That topic was addressed here yesterday at a program co-sponsored by the law firm Riker Danzig Scherer Hyland Perretti and the New Jersey Bankers Association.
SADDLE BROOK--CB Richard Ellis has announced the appointment of Thomas F. Monahan, SIOR, CCIM as senior vice president within the firm's Industrial Services group.
MORRISTOWN--Q10/G.S. Wilcox & Co., a commercial real estate mortgage banking firm, has arranged financing in the amount of $30,000,000.
PRINCETON--The Washington, D.C. and New York offices of HFF have closed the sale of 1100 Campus Road, a 166,991-sf trophy office building in Princeton.
MORRISTOWN-- The Hampshire Companies has announced the appointment of Paul Yarussi as Fund Controller.
EDISON--Grubb & Ellis Company has announced that Thomas P. D'Arcy will join the company as president, chief executive officer and a member of the board of directors.
FORT LEE--Palisades Financial has announced that, through its second fund, Palisades Regional Investment Fund II, LLC, it has partnered with Fort Lee Redevelopment Associates (FLRA) to redevelop the east parcel of a site in Fort Lee, formerly known as the Centuria property.
BRICK--The Sudler Companies has announced the completion of two new office lease transactions at 150 Brick Boulevard in Brick, which total 19,398 sf, bringing the building to full occupancy.
HOLMDEL-- The New Jersey chapter of the American Institute of Architects (AIA-NJ), in concert with Preservation New Jersey, a historic preservation organization, recently presented their vision for the preservation of Bell Labs in Holmdel, NJ, at a community open house attended by approximately 1,500 guests.
SOMERDALE--National Realty & Development Corp. has announced that construction continues at CooperTowne Center, the 385,000-sf Greyfields Redevelopment project that will revitalize the former Lions Head Plaza located in Somerdale.
NEWARK--Cornered by both the economic crisis and the rising cost of healthcare, employers are more tempted than ever to classify some employees as “independent contractors” or “temps.” But the risks of this practice are growing amid a crackdown by federal and state officials, said James P. Anelli, a Newark-based shareholder in LeClairRyan’s Labor & Employment Group.
SOUTH BRUNSWICK--CB Richard Ellis, New Jersey's largest commercial real estate brokerage firm, recently completed a 148,147-sf long-term lease renewal at 210 Docks Corner Road in South Brunswick on behalf of Franco Apparel, a leading manufacturer of children's apparel, and licensed apparel to the NBA, NHL, NCAA, MLB, Starter, Shaq, and Russell Athletic.
ISELIN--ICREW NJ (Industrial/Commercial Real Estate Women of New Jersey) will hold its monthly meeting on November 12, 2009, 11:30 p.m. at the Woodbridge Hilton, 120 Wood Avenue South, Iselin, NJ (Garden State Parkway, Exit 131A).
NEWARK--Mayor Cory A. Booker installed Victoria F. Pratt, Esq. as the 11th Judge of the Newark Municipal Court during a ceremony held last week in the Municipal Council Chamber of City Hall.
LIVINGSTON--Gebroe-Hammer Associates has closed four separate new multi-family property transactions valued at a combined $8.28 million, announced Ken Uranowitz, managing director.
PARSIPPANY-—BioClinica, Inc. has signed a long term, 36,143-sf lease as the anchor tenant at 800 Adams Avenue, a new, class A office building in the Philadelphia suburb of Valley Forge, PA.
PASSAIC--American Properties Realty has partnered with LG Van Houten, LLC for their newest condominium community, Van Houten Manor in Passaic, where they recently celebrated their grand opening with many in attendance.
BRIDGEWATER-- Advance Realty, a leading Northeast U.S. owner and developer of Class A office, mixed-use and flex-space properties, has announced several new lease transactions at MiddleBrook Crossroads, a 19-building industrial development in Bridgewater composed of single-story, flex/warehouse buildings.
LIVINGSTON-–Padosa.com, a website helping companies increase profit through sustainability initiatives, is hosting Energy 101: Greening Your Building for Efficiency and Profitability on November 17 from 2-6 pm at 290 W. Mt. Pleasant Avenue, Eisenhower Corporate Campus, Livingston.
PRINCETON TOWNSHIP-- Del-Sano Contracting Corp. reports that renovation of Princeton Community Village, an affordable housing complex located in Princeton Township, NJ, is nearly 60% complete and ahead of schedule.
EDISON--Cushman & Wakefield, Inc. has been retained as exclusive leasing agent for 2147 Route 27, a 250,000-sf, four-story office building at Towne Corporate Centre in Edison.
CEDAR KNOLLS--Sterling Properties has announced that construction is now underway on Building 8 at Viera at Hanover Township, its community of 40 townhomes for active adults.
SADDLE BROOK--CB Richard Ellis has announced the recent completion of a 4,500-sf lease relocation agreement on behalf of the Morris County Chamber of Commerce. The Chamber will relocate from 25 Lindsley Drive in Morristown, to 325 Columbia Turnpike in Florham Park.
EAST RUTHERFORD--AMB Property Corporation has released a proprietary research report that provides new insight into correlations between production activity and inventory levels as leading indicators of industrial real estate demand,
GDP and economic growth for 2010.
WANTAGE-- The Hampshire Companies has signed two lease deals totaling over 6,700 sf at its 76,252-sf A&P Shopping Center, located at 445 Route 23 in Wantage.
BASKING RIDGE--Glanz Associates has been named General Counsel to Real Estate Advisory and Development Services, Inc. (READS).
WEEHAWKEN--Hartz Mountain Industries has announced that Savvis, Inc., a global leader in outsourced internet infrastructure services, has signed a 20-year lease for a 209,000-sf data center at Hartz’s Lincoln Harbor property in Weehawken.
EDISON--Cushman & Wakefield, Inc. has negotiated a long-term, 16,000-sf lease renewal for Grant Thornton, LLP at 399 Thornall Street, Metropark Corporate Campus in Edison.
HACKENSACK--Beckerman has announced that Rob Manfredo of New York, NY, has joined the firm.
