WEST CALDWELL -- Ricoh Americas Corporation, a leading provider of digital office equipment, has introduced the Aficio MP 2851 and MP 3351 Digital Imaging Systems.
WESTPORT, CT -- Career Solutions, an established Connecticut firm founded by Janice Weinberg, has opened an an office on Long Island at One Barstow Road in Great Neck.
NEWARK--The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) will host its second annual “Urban Developer’s Night” on Monday, Jan. 25, at the Robert Treat Hotel in Newark.
EAST RUTHERFORD--In one of the largest New Jersey industrial investment sales year-to-date in 2009, an 826,000-sf, fully leased portfolio changed hands this fall.
LIVINGSTON--In one of upstate New York’s largest multi-family investment trades this year, Gebroe-Hammer Associates recently orchestrated the $102 million acquisition of 1,187 total units at two luxury garden-apartment complexes in Dutchess County, NY.
NEW YORK--Data through October 2009, released today by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, show that the annual rate of decline of the 10-City and 20-City Composites improved compared to last month's reading.
FRANKLIN LAKES--The Kislak Company recently completed the sale of the Urban Farms Shopping Center in Franklin Lakes.
MAYWOOD--Bergman Real Estate Group, a privately owned real estate investment firm that owns and manages office properties throughout New Jersey, announced today three new long-term leases at 25 East Spring Valley Avenue in Maywood.
CAMP HILL, PA-- The recent Pennsylvania Uniform Construction Code Review and Advisory Council's vote to mandate the placement of sprinklers in all new one- and two-family residences and townhomes built in Pennsylvania will take effect on January 1, 2011, but Camp Hill, PA-based modular home manufacturer Excel Homes isn't waiting that long.
FREEHOLD--Monmouth Real Estate Investment Corporation has announced the acquisition of a 91,295-sf industrial building located in Central Green Business Park at 16211 Air Center Boulevard, Harris County, Houston, Texas, at a purchase price of approximately $8,100,000.
HARRISBURG, PA-- Governor Edward G. Rendell announced a new $1.2 billion statewide mortgage program to help more than 11,000 homebuyers with affordable loans that will also help boost Pennsylvania's economy.
MOOSIC, PA-- David Lichtenstein, founder of the Lightstone Group today announced that Long John Silver's Restaurant has signed a 2,210-sf, 10-year extended term on their lease at the Birney Mall Shopping Center in Moosic, PA.
JERSEY CITY -- The New Jersey District Council of the Urban Land Institute has awarded The Beacon its 2009 “Project of the Year” honor in recognition of the ongoing transformation of the former Jersey City Medical Center into a successful mixed-use development that is currently the largest residential restoration project in the country and the largest in the history of New Jersey.
BURLINGTON--Jerry Nugent, the president and CEO of Lutheran Social Ministries of New Jersey, said the Burlington-based not-for-profit’s development of a Continuing Care Retirement Community (CCRC), The Crossing at Murray Hill in New Providence, is being planned and will be built on “sound financial footing.”
NEW BRUNSWICK-- In an increasingly global and technology-driven economy, marketing professionals are challenged to adapt to the changing marketplace while remaining focused on their traditional tasks of delivering value to the customer and enhancing their organization’s success.
NORTH BRUNSWICK--Kipcon Inc. is proud to introduce Bettie Jones, CPM, PCAM as the Principal of satellite office Kipcon Southwest, LLC in Houston.
HACKENSACK--Hartz Mountain Industries, a New Jersey-based owner of commercial properties, has named Chip Conklin, Dan Foley and Gregg Najarian of international commercial real estate services firm Studley, 2009 Office Brokers of the Year.
NEW BRUNSWICK--The New Jersey Chapter of NAIOP, the commercial real estate development association, will present “Roundtables with Industry Experts” on Wednesday, Jan. 13, at the New Jersey Law Center in New Brunswick.
SADDLE BROOK--CB Richard Ellis (CBRE) has announced that CBRE has taken over as direct manager for 18 of RREEF's industrial and office properties in New Jersey including Country Club Plaza I and II (Paramus) and 1776 on the Green (Morristown).
PARSIPPANY-—FirstService Williams has been recognized by developer Hartz Mountain Industries with 2009 Brokers of the Year awards.
MONTCLAIR--Donna Miller, president of Above & Beyond, an executive office suite and virtual office provider, will assist business owners with a “Work Smarter” workshop series, aimed to provide business planning and financial literacy for companies of all sizes.
NEWARK--The Newark and Suburban Architects section of the New Jersey chapter of the American Institute of Architects (AIA-NJ), in conjunction with its Emerging Professionals and Young Architects Forum programs, has selected 21 finalists in its design competition for a Newark Visitors Center.
HACKENSACK--y NAI James E. Hanson is pleased to announce that the Society of Industrial and Office Realtors (SIOR) Foundation has honored Mildred Hanson, posthumously, with the first ever Millie Award.
MANASQUAN--Great Clips has leased 1,200 sf at Wall Towne Center, announced Levin Management Corporation, exclusive managing and leasing agent for the 91,000-square-foot retail property.
CHERRY HILL--Beneficial Bank, a full-service bank that specializes in serving the financial needs of the Greater Philadelphia Region, recently celebrated the official groundbreaking of two new campuses in Cherry Hill.
NEWARK--Almost 60,000 sf of robust powered shell space for data center or disaster recovery operations is available at 375 McCarter Highway in Newark.
ROCHELLE PARK--NAI James E. Hanson recently completed a 3,110-sf industrial lease agreement with Mystic Auto Detaining LLC at 163 A Central Ave., in Rochelle Park.
FLORHAM PARK--The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) has secured an $18.9 million refinancing for Golden Acres Shopping Center, a 221,737-sf grocery-anchored shopping center in South Plainfield, Middlesex County.
HOLMDEL--Garden State business and academic leaders gathered on Tuesday, Dec., 15, to participate in the 3rd Annual New Jersey Economic Policy Forum, an ambitious initiative focused on bringing together key stakeholders to discuss economic challenges and opportunities facing the state.
ATLANTIC CITY-- The Community Preservation Corporation (CPC), a non-profit affordable housing lender, closed on a $2.627 million Freddie Mac permanent loan to acquire and refinance Magellan Manor Apartments in Atlantic City.
NEWARK--Mayor Cory A. Booker was joined today by Deputy Mayor and Brick City Development Chairman Stefan Pryor, Brick City Development Corporation CEO Lyneir Richardson, Solar Energy, LLC President David Buckner and Solar Energy, LLC COO Christopher Moustakis to commemorate the expansion of a New York based full service integrator of commercial solar power systems into Newark.
EAST RUTHERFORD--NAI James E. Hanson has been recently selected as the exclusive sales agent for an 85,109-sf industrial building, located at 60-80-100 Willow Street, East Rutherford.
TEANECK--Alfred Sanzari Enterprises has announced the completion of $6 million in improvements and renovations at Glenpointe, its flagship mixed-use complex in Teaneck.
PURCHASE, NY-- National Realty & Development Corp. has announced that ten new transactions have been finalized thus far in the Fourth Quarter 2009.
EAST RUTHERFORD--NAI James E. Hanson announced the recent completion of a five-year, 38,317-sf industrial lease transaction at 450 Murray Hill Parkway in East Rutherford.
ABERDEEN--Garden Commercial Properties recently secured a 1,500-sf lease for Edible Arrangements® at Colonial Plaza, a 178,000-sf shopping center located in the Monmouth County Township of Aberdeen.
RIDGEFIELD PARK-- Electronics giant Samsung Electronics America, Inc. today signed a 193,000-sf office lease at 85 Challenger Road in Ridgefield Park, announced Cushman & Wakefield, Inc.
CRANBURY--Cranbury Executive Center has reached full occupancy with the recent signing of four new leases. Located at 1249 South River Rd., the three-story class A asset totals 100,000 sf on three floors.
WOODBRIDGE--Dennis A. Estis, Chair of the Construction Law Practice Group at Greenbaum, Rowe, Smith & Davis LLP in Woodbridge, has been named as the “Best Lawyers Construction Lawyer of the Year” for 2010 by Best Lawyers.
EAST RUTHERFORD--William Clement of Kinnelon, a vice president at The Provident Bank, was recently appointed to the Board of Trustees for the New Jersey Hall of Fame.
CHERRY HILL--Flaster/Greenberg PC managing shareholder Peter R. Spirgel was appointed to the Treasury sub-committee of Governor-elect Chris Christie’s transition team.
PARSIPPANY--NAI James E. Hanson has announced the completion of a 20,000-sf industrial lease at 400 Newark Pompton Turnpike in Wayne.
MONTVALE--NAI James E. Hanson has announced the recent completion of a long-term 60,000-sf industrial/flex lease transaction at Montvale Campus Parkway I, which is located at 15 Mercedes Drive in Montvale.
BEDMINSTER--Jones Lang LaSalle announced it has arranged a 40,793-sf office lease at 500 Hills Drive with Peapack-Gladstone Bank, which is relocating its company headquarters from 158 Route 206 North in Gladstone.
HAMILTON--Colliers Houston & Co. has announced that Congoleum Corporation has renewed its lease at 3500 Quakerbridge Road in Hamilton, New Jersey, which is owned by The Fruscione Co. LLC.
LAKEWOOD--The Lightstone Group has entered into a definitive agreement whereby Prime Outlets Acquisition Company and certain of its affiliated entities ("Prime Outlets") will be acquired by Simon Property Group ("Simon") in a transaction valued at approximately $2.325 billion, including the assumption of Prime Outlets' existing indebtedness and preferred stock.
EAST RUTHERFORD--Four headquarters lease transactions punctuated an active 12 months for one office leasing team at Cushman & Wakefield, Inc. in East Rutherford.
CAMDEN--Citizens Bank and Verizon have partnered with Junior Achievement of New Jersey (JANJ) to provide financial literacy and economic educational programs to students living in Camden.
GLEN ROCK--An affiliate of Mountain Development Corp. recently closed on the purchase of 208 Harristown Road in Glen Rock.
FAIRFIELD--NAI James E. Hanson has completed a 45,779-sf long-term renewal industrial lease transaction on behalf of Drew & Rogers, Inc., a custom design, printing, packaging and promotional services company, at 30 Plymouth Street in Fairfield.
BLOOMFIELD--The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, has announced that ITT Space Systems has leased 24,484-sf of office space at 1515 Broad Street in Bloomfield.
ASBURY--J.G. Petrucci Co., Inc. has announced the completion of two repeat projects for Garden State Tile Co. and ICO Polymers in South Brunswick and Bloomsbury, respectively.
NEW BRUNSWICK--New Jersey Chapter of NAIOP, the commercial real estate development association, will hold its second annual design competition to coincide with the organization’s Annual Commercial Real Estate Awards Gala.
BELLEVILLE-- Multi-family investment sales are gaining momentum in Essex County’s suburban areas as demonstrated by the recent $3.3 million sale of 43 units at 574-582 Washington Ave. in Belleville.
PARSIPPANY--FirstService Williams New Jersey has arranged a five-year, 3,929-sf office lease on behalf of PVM Oil Associates Inc. at 5 Marine View Plaza in Hoboken.
UNION CITY--Dollar General, the Goodlettsville, Tennessee-based discount retailer, has signed a 10-year lease for approximately 9,600 sf at 2010 Kennedy Boulevard in Union City.
HACKENSACK--NAI James E. Hanson has announced the recent completion of a three-year, 1,321-sf office lease transaction at 510 Thornall Street in Edison.
NEWARK--AMB Property Corporation has leased 75,000 sf at AMB Liberty Logistics Center, a recently developed asset in northern New Jersey.
SPRINGFIELD--John G. Udell has announced that Weichert Commercial Brokerage, Inc. has been appointed by Tulfra Real Estate as the exclusive leasing agent at 21 Fadem Road in Springfield.
BEDMINSTER -- Advance Realty has announced the appointment of Jones Lang LaSalle as property manager for select properties within the company’s multi-million square-foot portfolio.
FANWOOD--CB Richard Ellis announced the recent sale of a 2,100-sf retail building, located at 246 South Avenue in Fanwood.
FAIR LAWN--A gas station, complemented by a retail convenience store, at 40-10 Broadway was sold in an all cash transaction valued at $650,000.
EDISON--Amper, Politziner & Mattia has announced that Jim Alajbegu has joined the firm as a Partner in its International Tax Services group.
PISCATAWAY--Lincoln Equities Group, a New Jersey-based owner, investor and developer of commercial real estate, has recently completed a 51,504-sf long-term Class-A office lease agreement with Johnson & Johnson Health Care Systems at One Centennial Plaza in Piscataway.
BRIDGEWATER--Christmas Tree Shops has signed a lease for 28,750 sf at Somerset Shopping Center in Bridgewater, announced Levin Management Corporation, exclusive leasing and managing agent for the property.
EDISON-—Upon appointment to Governor-Elect Chris Christie’s Economic Development and Growth Transition Subcommittee, Mack-Cali Realty Corporation President and Chief Executive Officer Mitchell E. Hersh issued the following comments today:
