EATONTOWN--The New Jersey office of FirstService Williams has arranged a long term, 15,500-sf lease for Wentworth Group at 17-21 Christopher Way in Eatontown.
Business News
Archives for: January 2010
MOONACHIE-- A new marketing team and an ambitious capital improvement campaign are kicking off 2010 at 250 Moonachie Road, an office property here.
ISELIN--ICREW NJ (Industrial/Commercial Real Estate Women of New Jersey) will hold its monthly meeting on February 11, 2010, 11:30 p.m. at the Woodbridge Hilton, 120 Wood Avenue South, Iselin.
RAMSEY--Nationwide energy consulting firm, Partner Energy has opened a regional headquarters in Ramsey to better serve its growing client base on the East coast and has hired Will Shoard to oversee the operations, announced company President Tony Liou.
NEW BRUNSWICK--Marcus & Millichap Real Estate Investment Services, the nation’s largest Real Estate Investment Services firm, has announced the sale of a 42 unit apartment property located in New Brunswick, according to Michael J. Fasano, Vice President/Regional Manager of the firm’s New Jersey office.
CARLSTADT--Newmark Associates, Inc., has successfully sold two buildings in Carlstadt.
TRENTON--Donald T. Fram, AIA, chief architect, and Robert I. Davidson, FAIA, chief architect retired, both of the Port Authority of New York and New Jersey's engineering department's design division, were recently named as winners in the New Jersey chapter of the American Institute of Architects' (AIA-NJ) 2009 Design Awards.
NEWARK--The Newark Regional Business Partnership's Market Forecast will focus on "Will Smart (or Any) Growth Prevail?" The event is scheduled for March 2 at the Best Western Robert Treat Hotel in Newark.
BEDMINSTER--Verizon FIOS is launching its retail presence in New Jersey, and as part of the communications giant's initial four-store roll-out in the Garden State, has signed a lease for 2,280 sf at The Hills Village Center.
EDISON-- Mack-Cali Realty Corporation has announced that it signed three new leases totaling nearly 20,000 sf at 35 Waterview Boulevard, Waterview Corporate Center, Parsippany.
PRINCETON--The American Institute of Architects appointed KSS Architects founding partner Allan Kehrt, FAIA, LEED AP, as Chair of the 2010 Jury of Fellows.
SADDLE BROOK--CB Richard Ellis has announced that the fourth quarter of 2009 recorded the highest quarterly leasing velocity in New Jersey's office market since 2007, with leasing velocity climbing to 2.1 million sf. CBRE completed 5 of the top 10 transactions signed in the quarter.
LIVINGSTON--As demand for multi-family investments became more heated, property sales ramped up in the last three months of 2009 when more than 2,000 units across New York and New Jersey traded in 15 separate deals orchestrated by Gebroe-Hammer Associates of Livingston. This heightened activity involved a series of prominent mid-to-large-sized property transactions, which exceeded $174.35 million, in southeastern New York State and northern, central and southern New Jersey.
NORTH PLAINFIELD--Jerry Nelson has been promoted to General Counsel of Levin Management Corporation, announced Matthew Harding, president and chief operating officer.
NEWARK--CoreNet Global NJ, the New Jersey State Chapter of CoreNet Global, has scheduled a CoRE Curriculum educational workshop for Tuesday, February 23, 2010, from 8:30 A.M. to 10:00 A. M.
MONTVALE--Jeffrey Dunne, Kevin Welsh and David Gavin of CB Richard Ellis' New York Institutional Group represented One Paragon Associates LP, an entity controlled by Ivy Realty Services, LLC, in the sale of One Paragon Drive in Montvale.
EAST RUTHERFORD--Cushman & Wakefield, Inc. has announced the formal rollout of its New Jersey Consulting Group to service corporate and commercial real estate clients in the New York suburbs including Westchester, Nassau and Suffolk counties, NY, and Fairfield County, CT.
SOMERSET--The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, is accepting submissions for the annual Deal of the Year Awards.
JERSEY CITY--Sales are underway at The Saffron, a new collection of 76 luxury condominium homes located just two blocks from the Grove St. PATH Station in downtown Jersey City.
HILLSBOROUGH--Raider Realty, the exclusive broker for Larken Associates’ commercial properties, ended 2009 with more than 380,000 sf of space leased during the past year at the company’s retail, medical, professional office and industrial space in New Jersey and Pennsylvania.
>CRANBURY--Sweetwater Construction Corp. has announced that Bettyjane Watkins of Tabernacle has joined the company as director of business development.
NEWARK--The City of Newark is one of the winners of the first-ever Cities of Service Leadership Grants.
ELMWOOD PARK--Renowned hockey training center Puckmasters will shortly open its first Northern New Jersey location at 69-71 Midland Ave.
WHIPPANY-- Newmark Associates, Inc., has announced several promotions within its Whippany headquarters, including two individuals promoted to executive vice president.
TEANECK--Colliers Houston & Co. of New Jersey has signed an agreement to merge their company into a new company comprised of seven other large commercial real estate providers.
MORRIS TOWNSHIP-- Advance Realty has announced that Covanta Energy Corporation has leased the entirety of the fourth floor and additional first-floor space in Advance @ Southgate, a 320,000-sf, Class A office building located at 445 South Street in Morris Township that Advance owns in a joint venture with Strategic Capital Partners.
MORRISTOWN--The Hampshire Companies has announced that all of its self storage facilities will operate under the Hampshire Self Storage name.
WARREN--FirstService Williams New Jersey has arranged a 12,000-sf U.S. corporate headquarters lease on behalf of NicOx Inc. at 20 Independence Boulevard.
HACKENSACK--NAI James E. Hanson has announced the completion of two industrial transactions in Bergen County: The sale of a 15,000-sf industrial condo at 10 Malcolm Ave. in Teterboro, and a 39,832-sf lease at 472 Barell Ave. in Carlstadt.
NEWARK-- Mayor Cory A. Booker, Municipal Council President Mildred C. Crump, and Director of Child and Family Well-Being Maria E. Vizcarrondo spoke as the 17 members of the Mayor’s Commission on the Homeless in the Municipal Council Conference Room were sworn in to their duties today at City Hall.
HACKENSACK -- Beckerman, one of the industry’s largest independent public relations firms, has announced the formation of Beckerman Investor Communications and Real Estate Fund Advisory, a new division dedicated to providing a full array of marketing, limited partner communications and fund advisory services to real estate fund operators and investors.
PARSIPPANY--—FirstService Williams New Jersey recently arranged a long-term, 9,971-sf office service center and warehouse lease for Docutrend, Inc. at 29 Commerce Way in Totowa. Mack-Cali Realty Corporation is the landlord.
HACKENSACK-- NAI James E. Hanson has announced the recent launch of New Jersey Commercial Real Estate Alliance, an organization designed to provide collaborative expert advice from all the active professional disciplines involved in commercial real estate transactions in order to provide greater value to a prospective venture.
MORRIS TOWNSHIP--Cushman & Wakefield, Inc. has orchestrated a 32,000-sf lease renewal for a global ocean transportation and logistics company at Southgate Center Four, 465 South Street.
TUCKERTON, NJ--Gebroe-Hammer Associates has completed the $6.83 million sale of Harbor View Plaza Apartments, a 72-unit, three-story complex in Tuckerton.
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.
NEW YORK, NY--ScheinMediaConferences is pleased to announce the launch of the conference series GRID (Green Real Estate Investment & Development), exploring the future of green development in major U.S. cities, beginning with GRID Northern California, to be held at 555 California Street, San Francisco on March 25, 2010.
PARSIPPANY--CB Richard Ellis, New Jersey's largest commercial real estate brokerage firm, recently completed a 33,658-sf long-term lease renewal and expansion transaction on behalf of law firm Fein, Such, Kahn & Shepard, PC within the Mack-Cali Business Campus, at 7 Century Drive in Parsippany.
WOODBRIDGE--The Kislak Company, Inc., the dominant investment real estate sales firm in the tri-state region, recently completed the $4,000,000 sale of the East Brunswick Racquet Club, a private tennis center located at 225 State Route 18 in East Brunswick.
PRINCETON--John G. Udell, president of Weichert Commercial Brokerage, Inc., is pleased to announce that Vice Presidents Mario Chiarella and Mark Fowler recently completed the lease transaction of 26,614 sf of office space located at One University Square in Princeton.
PRINCETON--The American Institute of Architects New Jersey chapter announced KSS Architects won the Architectural Firm of the Year Award at AIA NJ’s 2009 Awards Dinner on Saturday, Jan. 9.
SHORT HILLS--Is the worst behind us? What real estate trends will we see in 2010? How do we get the markets back? Where are the opportunities? Participants will learn the answers to these questions and more on January 27 when the New Jersey Chapter of NAIOP, the commercial real estate development association, holds its Annual Meeting and Real Estate Forecast at the Hilton at Short Hills.
MADISON-- The Hampshire Companies held a groundbreaking ceremony on January 6 at The Madison Professional Center located at 345 Main Street in Madison.
PARSIPPANY-—FirstService Williams New Jersey arranged a long-term, 26,600-sf office lease on behalf of the landlord, RXR Realty, at One University Square, Princeton’s newest premier office building.
HILLSBOROUGH--Larken Associates, a developer, owner and manager of retail shopping and office centers in New Jersey and Pennsylvania, has recently announced the acquisition of Tilghman Square, a 230,284-sf neighborhood-style shopping complex located at 4680 Broadway Road in Allentown, Pennsylvania.
PARSIPPANY--Colliers International and FirstService Real Estate Advisors (“FirstService REA”) has announced that they will combine their operations and global real estate services platforms.
ISELIN--Bergman Real Estate Group announced an additional newly executed lease at Woodbridge Towers, located at 555 Route 1 South in Iselin.
SHORT HILLS--RXR Realty LLC hosted its annual year-end gala and broker awards event on December 2, 2009 at its premier One Giralda Farms office property, located in Madison.
PARSIPPANY--Mack-Cali Realty Corporation has announced that three Interpublic Group subsidiary companies have signed lease renewals at Mack-Cali’s properties in Parsippany.
HACKENSACK--NAI James E. Hanson has announced the completion of a 3,050-sf, five-year industrial lease agreement at 73 Trinity Place in Hackensack.
EAST RUTHERFORD/ISELIN--Citing the firm's contributions to the professional women's group, ICREW NJ will honor Cushman & Wakefield of New Jersey, Inc. with its Organization of the Year Award.
PARSIPPANY-- SJP Properties reports that its construction services division is actively expanding its client base in the New York metropolitan area.
SOUTH HACKENSACK--NAI James E. Hanson has announced the completion of a 7,200-sf long-term industrial lease transaction at 45 Ruta Court, in South Hackensack.
LIVINGSTON--SureDeposit, a national provider of security deposit alternatives to the multifamily industry, has named three new regional marketing directors: Lisa Bernal-Haney, Diane Bouse, and Helen McMahon.
NEWARK--New Jersey business professionals are invited to the NRBP and Newark Insiders Forum sponsored by Gibbons P.C. on Tuesday, January 26 at the Prudential Center.
WASHINGTON--The Real Estate Services Providers Council, Inc. (RESPRO) has developed a Model Good Faith Estimate (GFE) Cost Indemnification Agreement and Model Services Agreement for its members to use when the Department of Housing and Urban Development's (HUD) new RESPA disclosures.
NEWARK--Mayor Cory A. Booker and Police Director Garry F. McCarthy will hold a press conference to give a three-year review of the City of Newark’s Public Safety accomplishments at the Newark Police/Fire Command Center, located at 311 Washington Street, today at 1 p.m.


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