Yearly Archives: 2011

ROCKAWAY, N.J. - November 30, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has orchestrated a 24,000-square-foot headquarters lease with Activu Corporation at 301 Roundhill Drive in Rockaway. Robert Donnelly, Jr., of Cushman & Wakefield’s Morristown, N.J., office, serves as exclusive agent for the 50,000-square-foot flex property.

Trenton, NJ - November 30, 2011 - (RealEstateRama) -- Acting Governor Kim Guadagno today, joined by Agriculture Secretary Douglas H. Fisher and Health and Senior Services Commissioner Mary O’Dowd, announced $1,363,600 in funding for the state’s six food banks to purchase healthy foods to feed the hungry this holiday season. This funding will ensure food assistance for those in need and is the second payment of the fiscal year.

ELIZABETH, N.J. - November 30, 2011 - (RealEstateRama) -- The logistics sector of New Jersey continues to deliver the goods for the state's economy, and that sector will be the focus of Transportation & Logistics Regional Update: Opportunities for the Real Estate Industry. Presented by NAIOP New Jersey, the commercial real estate development association, the program is slated for December 2, 2011 at the New York Shipping Association Training Center, Elizabeth, N.J.

CARTERET, N.J. - November 28, 2011 - (RealEstateRama) -- Prism Capital Partners, LLC, has acquired a 230,000-square-foot industrial building at 700 Blair Road in Carteret for the purpose of relocating Berjé Inc.’s headquarters to the property from its Parkway Lofts site in Bloomfield. The move represents an expansion for Berjé, a global distributor of essential oils and aromatic chemicals, and paves the way for the start of construction for Parkway Lofts, a multi-family adaptive reuse project.

BELLMAWR, N.J. - November 22, 2011 - (RealEstateRama) -- Representatives of the New Jersey Housing and Mortgage Finance Agency (HMFA) today joined local and state officials to celebrate the unveiling of newly installed solar panels at Bellmawr Senior Housing, an independent senior living community in Bellmawr, Camden County. The HMFA, an affiliate of the New Jersey Department of Community Affairs (DCA), committed funding for the installation through its Multifamily Solar Funding Pilot Program.<

WEST ORANGE, N.J. - November 21, 2011 - (RealEstateRama) -- The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area Inc. (IOREBA) will host its annual holiday party on Monday, Dec. 5, at Highlawn Pavilion, located at 381 Eagle Rock Ave., West Orange. To show its appreciation to the development community, IOREBA is offering area developers and one non-IOREBA-member guest entry to the event free of charge with advance registration only.

EUGENE, OR - November 17, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce IDX Broker software has been enabled on the professional real estate website of Prudential Fox & Roach Broker Hugh Merkle. By adopting a customizable IDX solution, Merkle has synced his website to the Cape May County (CMCAOR) database, extracting raw listing data and seamlessly integrating it onto the search page he hosts. With IDX Broker software, Merkle has created a dynamic online property search for his clients and other Stone Harbor, New Jersey luxury home seekers.

November 16, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement today after an independent audit of the Federal Housing Administration (FHA) revealed that the housing agency’s cash reserves are down 45% from last year and the “chance that future net losses on the current, outstanding portfolio could exceed current capital resources is close to 50 percent,” which could necessitate a taxpayer bailout next year

EUGENE, OR - November 15, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce IDX Broker software has been enabled on the professional real estate website of Prudential Fox & Roach Broker Hugh Merkle. By adopting a customizable IDX solution, Merkle has synced his website to the Cape May County (CMCAOR) database, extracting raw listing data and seamlessly integrating it onto the search page he hosts. With IDX Broker software, Merkle has created a dynamic online property search for his clients and other Stone Harbor, New Jersey luxury home seekers.

ELIZABETH, N.J. - November 15, 2011 - (RealEstateRama) -- The logistics sector of New Jersey continues to deliver the goods for the state's economy, and that sector will be the focus of Transportation & Logistics Regional Update: Opportunities for the Real Estate Industry. Presented by NAIOP New Jersey, the commercial real estate development association, the program is slated for December 2, 2011 at the New York Shipping Association Training Center, Elizabeth, N.J.

November 14, 2011 - (RealEstateRama) -- The phrase “buyer’s market” has probably been driven into your head by now. For those who are looking to move up to a larger home, or those on the lookout for their first home, the time is right. But another market has also been blooming for those already comfortable in their current housing situation; the second home market.

TRENTON, NJ - November 14, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a lawyer from Westfield was indicted today on charges that he stole $189,660 in closing funds related to a home sale that were entrusted to him as the settlement agent.

Edison, N.J. - November 14, 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:

Hamilton, NJ - November 14, 2011 - (RealEstateRama) -- The New Jersey Builders Association (NJBA), the voice of New Jersey’s building industry, is pleased to announce that Timothy J. Touhey, its Chief Executive Officer has been included on NJBIZ’s Power 50 list of the most influential people in real estate. Touhey has been included on the list since NJBIZ started ranking the most powerful people in real estate in 2010

EUGENE, OR - November 11, 2011 - (RealEstateRama) -- Realtor Scott Gleason of RE/MAX Properties Unlimited has opted to integrate the premier IDX technology, IDX Broker software, for his professional real estate website. Now, thousands of Garden State MLS (GSMLS) listings are displayed conveniently on the search page that he hosts. Gleason has chosen an IDX solution for his website, and in the process he has changed the online real estate market for himself, his business and countless potential Westfield, New Jersey buyers.

SHORT HILLS, N.J. - November 10, 2011 - (RealEstateRama) -- More than 250 commercial real estate professionals were on hand for the 7th Annual President's Awards Dinner of NAIOP New Jersey, the commercial real estate development association, honoring the accomplishments of chapter members. The event also marked the induction of the initial three members of the chapter's Hall of Fame, established this year.

November 10, 2011 - (RealEstateRama) -- Linda Schwarz, Realtor with Gloria Nilson, Realtors®, Real Living® of South Brunswick was honored by the Middlesex County Multiple Listing Service (MLS) with its prestigious 2011 Presidents’ Award. This award acknowledges the top four real estate professionals in the Middlesex County MLS who have the highest number of listings that sell/close during the fiscal year. The award was presented at the annual stockholders’ meeting held at the Pines Manor in Edison.

NEW BRUNSWICK, N.J. - November 9, 2011 - (RealEstateRama) -- Nominations are now open for the most prestigious awards in the real estate community: The New Jersey Chapter of NAIOP, the commercial real estate development association, will present the 25th Annual Commercial Real Estate Awards at the Gala on May 17, 2012 at the Palace at Somerset Park.

EAST HANOVER, N.J. - November 9, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has negotiated a 16,000-square-foot, long-term lease renewal for GfK HealthCare at 120 Eagle Rock Ave. in East Hanover. The market research company has housed a regional office there since 2001.

November 9, 2011 - (RealEstateRama) -- The turnarounds in multi-family market fundamentals and investment sales, which both can be traced to an inflection point in the first half of 2010, have continued at an impressive pace through the first three quarters of 2011. Should the current positive trending continue, we could be on pace to revisit pre-recession conditions in the near term.