Monthly Archives: October 2011

WASHINGTON, DC - October 28, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today unveiled his proposal to reform the secondary mortgage market to ensure robust private investment in the U.S. mortgage market without a government guarantee.

LYNDHURST, N.J. - October 27, 2011 - (RealEstateRama) -- Relevent Partners, LLC, a New York City-based experiential firm, has leased 22,000 square feet at Meadowlands Distribution Center, 1275 Valley Brook Ave. in Lyndhurst, announced commercial real estate services firm Cushman & Wakefield, Inc. The company will relocate its regional warehouse to the property from Jersey City this fall in an expansion move.

Somerset, NJ - October 25, 2011 - (RealEstateRama) -- Andrew Zezas, SIOR, President and CEO of Real Estate Strategies Corporation, announced today that the New Jersey based corporate real estate advisory and transaction services firm completed two distribution center lease transactions for a global manufacturing client in Fairfield, California and Andover, Massachusetts.

NEWARK, N.J. - October 25, 2011 - (RealEstateRama) -- A 2,500-square-foot television studio is available at the Robert Treat Center, 50 Park Place, Newark, N.J., announced The Berger Organization, owner of the 15-story, 100,000-square-foot class B office building. The studio was the home of the New Jersey Network for 20 years, prior to NJN's operations being outsourced by the State of New Jersey.

SHORT HILLS, N.J. - October 24, 2011 - (RealEstateRama) -- Following the success of its July Food Drive and Volunteer Day, the Community Action Committee of the New Jersey Chapter of NAIOP, the commercial real estate development association, is conducting a “Tools 4 Schools” drive to benefit the “Kids Division” of the Community Food Bank of New Jersey.

New Jersey, NJ - October 24, 2011 - (RealEstateRama) -- With the ongoing dialogue about solar renewable energy certificate (SREC) pricing, or about getting solar installations up and running in time to take advantage of expiring federal incentives, or about the rapidly evolving solar technology itself, where does the humble rooftop fit in? Indeed, those who plan on getting new roofs should investigate the opportunities to offset some – even most – of the cost by including a solar installation as part of the package.

WEST CALDWELL, N.J. - October 24, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield of New Jersey, Inc. has arranged the acquisition of 20 Fairfield Place, West Caldwell, N.J. on behalf of United Association of New Jersey-Plumbers Local 24 Education Fund. The buyer will relocate its administrative, training, and classroom facilities to the single-story industrial building from their existing headquarters in Lodi, N.J.

TEANECK, N.J./BOULDER, CO - October 20, 2011 - (RealEstateRama) -- The Illuminating Engineering Society (IES) has honored Encelium Technologies, a leading technology company specializing in integrated lighting control systems for commercial buildings, with a 2011 Illumination Award for Control Innovation for the University of Colorado Center for Community in Boulder, Colorado. The 302,000-square-foot university property is configured with Encelium’s Energy Control System™ (ECS).

EAST RUTHERFORD, N.J. - October 20, 2011 - (RealEstateRama) -- Third quarter 2011 research findings by commercial real estate services firm Cushman & Wakefield, Inc. point to mixed performance in the office market and continued strong industrial activity.

WASHINGTON, DC - October 20, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of New Jersey and provide support to homeowners and low-income renters forced from their homes following remnants of Tropical Storm Lee.

Newark, N.J. - October 18, 2011 - (RealEstateRama) -- More than 150 building cleaners representing 7,000 cleaners from across the state converged upon the Hilton at Newark Penn Station on Tuesday morning as contract talks began between their union, 32BJ SEIU, and an association of cleaning contractors for office buildings. The union is negotiating with the contractors at a time when asking rents on office space are up in the state, to the benefit of the owners who pay the contractors. 32BJ is seeking to preserve good jobs for a stronger New Jersey economy.

Somerset, NJ - October 18, 2011 - (RealEstateRama) -- Andrew Zezas, SIOR, President and CEO of Real Estate Strategies Corporation, announced today that the New Jersey based corporate real estate advisory and transaction services firm has received a license as a real estate broker in the Commonwealth of Massachusetts. Real Estate Strategies Corporation recently completed a significant transaction in Andover and Tewksbury Townships in Massachusetts for a major client and will shortly embark on other engagements in the Commonwealth, as well.

EUGENE, OR - October 18, 2011 - (RealEstateRama) -- Metro Milwaukee MLS (MetroMLS) listings are now seamlessly integrated onto the website of Mary Strang, thanks to IDX, Inc. and their dynamic IDX Broker software. As a Viroqua, Wisconsin real estate agent, Strang has long had access to MetroMLS listings. Now, her clients and other home seekers can scan the MetroMLS with the same ease afforded to Strang and hundreds of agents and brokers around Wisconsin. With the innovative IDX solution Strang has chosen to employ, potential buyers can experience an unprecedented online property search.

Edison, N.J. - October 17, 2011 - (RealEstateRama) -- The New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF) today released a group of three reports on methods of controlling property taxes in New Jersey. The first two studies show the benefits associated with consolidating either services such as police, fire, municipalities or school districts. The third report details how property taxes can be controlled and ultimately lowered by the new 2.0 percent property tax cap that took effect at the beginning of this year. The reports listed below were conducted for NJAR®GRF by the Ball State University Center for Business and Economic Research:

Trenton, NJ - October 17, 2011 - (RealEstateRama) -- Courier-Post: “Christie projected local governments will save $337 million in pension and health care costs in 2012 as a result of bipartisan reforms he championed.” (Carol Comegno, “Christie Visits Mount Laurel, Talks Property Tax Reform,” Courier-Post, 10/14/11)

Trenton, NJ - October 17, 2011 - (RealEstateRama) -- Governor Chris Christie today visited the home of Gary and Linda Cogan, 26-year residents of Mount Laurel, for his second consecutive day of conversations with property taxpayers to discuss the critical property tax relief his historic, bipartisan pension reforms are providing in their first year of implementation. In total, Mount Laurel will save $557,557 in its 2012 budgets alone, including township savings of $509,221 and school district savings of $48,336 from the reforms signed into law on June 28, 2011. Statewide, Governor Christie’s reforms will save New Jersey’s property taxpayers and local governments $267 million in 2012, making good on the Governor’s promise to drive down the skyrocketing cost of local government and to provide real, long term property tax relief.

SOMERSET, N.J. - October 14, 2011 - (RealEstateRama) -- The Industrial and Office Brokers Association of the New York Area (IOREBA) will host a program on data centers on October 24, 2011, from 5 to 8 p.m. The event, slated for Sentinel Data Centers' NJ1 facility, 800 Cottontail Lane, Somerset, N.J., will include a panel discussion, hors d'oeuvres and cocktails, and group tours of the facility. Panelists will include: Michael Pembroke, senior vice president, leasing and marketing, Russo Development; Michael Silla, director of strategic development, Concept CSI; and Josh Rabina, co-founder of Sentinel Data Centers. Sean Brady, senior director of Cushman & Wakefield, Inc., will be the moderator.

SHORT HILLS, N.J. - October 13, 2011 - (RealEstateRama) -- The New Jersey Chapter of NAIOP, the commercial real estate development association, will present its 7th Annual President's Awards Dinner November 7 at the Short Hills Hilton. Registration and cocktails begin at 4:30 p.m.

WOODBURY, N.J. - October 13, 2011 - (RealEstateRama) -- Nicole Hantman of Marlton, New Jersey has recently joined Continental Home Loans, Inc as its new Relationship Manager for the New Jersey market. With more than 20 years experience in the real estate, mortgage and homebuilding industries, Hantman has specialized in building new business relationships with home builders and associated members throughout the New Jersey and Philadelphia area. In her new role, Hantman will focus on expanding the company’s business relationships with home builders, developers and remodelers within southern New Jersey.