Yearly Archives: 2012
ASSEMBLY APPROVES A-2921. PROPERTY TAX RELIEF RESTORATION FIGHT MOVES TO SENATE. VOTE SCHEDULED FOR...
June 27, 2012 - (RealEstateRama) -- Thanks to the efforts of local officials all around New Jersey, and the State officials who recognize and appreciate their service, we are one giant leap closer to the restoration of vital municipal property tax funding
PRISM JOINT VENTURE ACQUIRES 180,000-SQ.-FT. BERGEN COUNTY INDUSTRIAL BUILDING
ELMWOOD PARK, N.J. - June 27, 2012 - (RealEstateRama) -- Prism Capital Partners LLC and The Davis Companies have teamed up to acquire 41 Slater Drive, a 180,000-square-foot industrial building in Elmwood Park, from an affiliate of paper products manufacturer Marcal, announced Prism Principals Eugene Diaz and Edwin Cohen. The all-cash transaction was brokered by Thomas Carragher of Studley.
CUSHMAN & WAKEFIELD ORCHESTRATES SALE OF 65 CLYDE ROAD IN SOMERSET, N.J.
SOMERSET, N.J. - June 22, 2012 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has orchestrated the $10.7 million trade of 65 Clyde Road in Somerset. TA Associates Realty purchased the 159,000-square-foot industrial property from Cornerstone Real Estate Advisers.
CUSHMAN & WAKEFIELD LAUNCHES MOBILE MAINTENANCE IN NEW JERSEY
EAST RUTHERFORD, N.J. www.twitter.com/carylcomm Commercial real estate services firm Cushman & Wakefield, Inc. has launched its Mobile Engineering and Maintenance services platform in New Jersey. This program, spearheaded by the firm’s Corporate Occupier & Investor Services Group (CIS), provides variable and affordable repair and maintenance services to owners and tenants of commercial, industrial and retail properties.
“NEW JERSEY IS CHANGING,” LT. GOV. GUADAGNO TELLS I.CON-THE INDUSTRIAL CONFERENCE
JERSEY CITY, N.J. - June 21, 2012 - (RealEstateRama) -- “New Jersey is changing. What we have done in the past two years is change the perceptions of New Jersey as a place to do business,” Lt. Gov. Kim Guadagno told close to 400 industrial real estate professionals from all over North America at I.con: The Industrial Conference. Presented by NAIOP, the commercial real estate development association, in partnership with NAIOP New Jersey and the Society of Industrial and Office Realtors (SIOR), the annual two-day event took place at the Hyatt Regency Jersey City.
BANK OF TOKYO CONTINUES TO GROW IN JERSEY CITY WITH 100,274-SQ.-FT. EXPANSION LEASE
JERSEY CITY, N.J. - June 20, 2012 - (RealEstateRama) -- In another clear sign that the financial community continues to find a home and grow on the Hudson River waterfront, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) has signed a 17-year, three-month expansion lease for 100,274 square feet at Harborside Financial Center. The subsidiary of Mitsubishi UFJ Financial Group, represented in the transaction by Cushman & Wakefield, Inc., now occupies nearly 262,000 square feet at the 725,600-square-foot Harborside Plaza 3.
IDX Broker integrates thousands of New Jersey real estate listings onto search page of...
EUGENE, OR - June 20, 2012 - (RealEstateRama) -- South Jersey Shore Regional MLS (SJSTMLS) listings are now easier than ever to search online, thanks to IDX, Inc. and real estate professional Eric Booth of Ocean City, New Jersey. Booth now hosts a dynamic IDX solution on his website, giving home seekers the ability to efficiently search SJSTMLS listings to find their dream home online. With IDX Broker software, Kulick can display thousands of listings without lifting a finger as online property searches have been simplified for potential buyers, agents, and brokers alike.
PRISM EXPANDS, RELOCATES HEADQUARTERS TO ITS OWN BROADACRES OFFICE PARK
BLOOMFIELD, N.J. - June 20, 2012 - (RealEstateRama) -- Prism Capital Partners, LLC has relocated its headquarters to BroadAcres Office Park from Englewood, N.J., in an expansion move, announced Edwin Cohen, principal partner. The commercial real estate owner/operator has maintained its property management operations at 200 Broadacres Drive since 2006, when it purchased the 380,000-square-foot, four-building BroadAcres campus.
Menendez, Lautenberg Announce $7.3 Million For Community Development, Affordable Housing Opportunities for Low and...
WASHINGTON, DC - June 19, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ) and Frank Lautenberg (D-NJ) today announced that Bloomfield, Perth Amboy, and Essex County will receive a total of $7.3 million in federal funding for community and economic development and to provide emergency shelter and affordable housing opportunities for low and moderate income families. The grants, awarded by U.S. Department of Housing and Urban Development (HUD), are part of three HUD initiatives: The Community Development Block Grant (CDBG) Program, the Emergency Shelter Grants (ESG) program and the HOME Investment Partnership.
PRE-CONSTRUCTION OPPORTUNITIES EQUATE TO OUTSTANDING VALUE AT LENNAR’S RIVER WALK IN BURLINGTON TOWNSHIP
BURLINGTON TOWNSHIP, N.J. - June 19, 2012 - (RealEstateRama) -- With construction well underway and the opening of furnished model homes scheduled for the end of the year, buyers at Lennar’s River Walk townhome community in Burlington Township now have a unique opportunity to take advantage of pre-construction prices that add up to outstanding value.
NEW JERSEY MULTI-FAMILY DEVELOPMENT PIPELINE TAKING CENTER STAGE IN 2012
June 19, 2012 - (RealEstateRama) -- The development pipeline has taken center stage in discussions about the Northern New Jersey multi-family market heading into mid-year 2012. Cushman & Wakefield’s data indicates that an unprecedented 17,000 units are under construction or have a high probability of seeing a shovel in the ground over the next 36 months.
Lautenberg, Menendez Announce More Than $300,000 For Homeless Veterans In Camden
WASHINGTON, DC - June 14, 2012 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced more than $300,000 in federal funding to provide homeless veterans in Camden with housing assistance and medical treatment.
NAIOP NEW JERSEY SEMINAR: PUBLIC AND PRIVATE SECTOR OFFICIALS ADDRESS KEY ISSUES, STRESS COOPERATION
NEW BRUNSWICK, N.J. - June 12, 2012 - (RealEstateRama) -- Improving New Jersey’s permitting process, and the potential impact of the new, proposed State Strategic Plan were the key issues for discussion at the Regulatory Update Seminar presented by NAIOP New Jersey, the commercial real estate development association. Industry professionals and state government officials on the seminar’s panels all agreed that close cooperation between the two sides is essential for reaching the important goals of retaining and creating jobs, improving the state’s economy, and making New Jersey a better place to live and work.
Housing Trust Funds Should be Kept and Used Locally
Trenton, NJ - June 11, 2012 - (RealEstateRama) -- Municipal officials across the State support legislation to extend the deadline to “commit to expend” municipal housing trust fund dollars. This is funding that is collected by municipalities to help towns meet their affordable housing obligations and provide funding that does not rely on the property tax. Loss of these resources would require municipalities to find other funding to help meet their obligations, including the property tax.
JUNE 14-15: GOV. CHRISTIE AND LT. GOV. GUADAGNO SET TO ADDRESS I.CON-THE INDUSTRIAL CONFERENCE
JERSEY CITY, N.J. - June 8, 2012 - (RealEstateRama) -- I.con-The Industrial Conference, slated for June 14-15, 2012, at the Hyatt Regency in Jersey City, is expected to attract nearly 400 senior real estate professionals from across North America. The annual event, produced by NAIOP, the Commercial Real Estate Development Association, and held in partnership with NAIOP New Jersey and SIOR, will be highlighted by addresses from Gov. Chris Christie and Lt. Gov. Kim Guadagno
New Jersey Governor Chris Christie to Speak at Commercial Real Estate Conference Next Week
HERNDON, VA - June 7, 2012 - (RealEstateRama) -- NAIOP, the Commercial Real Estate Development Association, will be hosting its annual industrial real estate conference next week, June 14-15, at the Hyatt Regency Jersey City in Jersey City, N.J. In attendance will be New Jersey Governor Chris Christie, who will address conference attendees on Friday, June 15 at 11 a.m.
Menendez, Lautenberg Announce More than $6 Million for Community Development, Affordable Housing
Newark - June 6, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ) and Frank R. Lautenberg (D-NJ) today announced that Asbury Park, Atlantic City, Long Branch, Middletown and Monmouth County will receive a total of more than $6 million in grants from the U.S. Department of Housing and Urban Development (HUD) for community and economic development and to provide emergency shelter and affordable housing opportunities for low-income families
Shrewsbury Office Thanks Supporters of 7th Annual Alex’s Lemonade Stand!
June 6, 2012 - (RealEstateRama) -- In their continuous efforts in the battle against childhood cancer, the Gloria Nilson Realtors, Real Living Shrewsbury Office hosted their 7th Annual Alex’s Lemonade Stand last Saturday, June 2, 2012 at their office, 600 Broad Street , Shrewsbury, NJ.
IDX Broker software integrates thousands of New Jersey properties onto website of Patrick Halliday
EUGENE, OR - June 6, 2012 - (RealEstateRama) -- IDX, Inc. is pleased to announce the latest real estate professional to enable a customizable IDX solution on their realty website: Patrick Halliday of Fox Real Estate. The Ocean City, New Jersey-based real estate company has chosen to employ IDX Broker software to sync directly to the South Jersey Shore Regional MLS (SJSRMLS) database. Home seekers can now experience unprecedented access to the SJSRMLS listings, giving them more freedom and control over their online property search. Halliday has truly revolutionized the online real estate market for New Jersey home seekers, potential clients and himself, with his custom IDX solution
ONLY FOUR HOMES REMAIN AT 40 PARK IN DOWNTOWN MORRISTOWN
MORRISTOWN, N.J - June 6, 2012 - (RealEstateRama) -- 40 Park, the luxury residential building on the Morristown Green, has been an icon since its grand opening, a seven-story testament to how the principles of new urbanism can help energize a downtown. The building’s residents are among the first to live right in the heart of downtown Morristown’s shops, restaurants, theatres and art galleries, while enjoying the spectacular living spaces and luxury amenities of an upscale property and the scenic views of the famous colonial Green and historic streetscape.
