Yearly Archives: 2012

SECAUCUS, N.J. - March 21, 2012 - (RealEstateRama) -- Kroll Ontrack Inc. has signed a new, five-year lease for 11,000 square feet at 300 Harmon Meadow Blvd. in Secaucus, announced commercial real estate firm Cushman & Wakefield, Inc. The legal technologies and data recovery provider will expand and relocate from another site in Secaucus, situated in the Meadowlands submarket.

MORRISTOWN, N.J - March 21, 2012 - (RealEstateRama) -- Dr. Avi Nahum and Jean Holloway were enjoying life in a beautiful condo in one of Minneapolis’ most desirable, pedestrian-friendly neighborhoods when Mrs. Holloway was offered a job with a medical technology company in New Jersey. The new employment opportunity was perfect for her, but it meant she and her husband would have to move to New Jersey and leave the neighborhood they loved behind. They had mixed feelings about the move until they discovered 40 Park, the luxury condominium building in the heart of downtown Morristown.

TRENTON - March 19, 2012 - (RealEstateRama) -- New Jersey Department of Banking and Insurance (DOBI) Acting Commissioner Ken Kobylowski today reminded New Jersey consumers that National Flood Awareness Week, March 12-16, is an ideal time to evaluate their need for a flood insurance policy. He stressed to consumers that a typical homeowners or renter’s policy does not cover flood damage

CAMDEN, N.J. - March 19, 2012 - (RealEstateRama) -- New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta today joined Camden Mayor Dana Redd, Camden County freeholders, and other local officials to celebrate the grand opening of Meadows at Pyne Poynt, an affordable housing community that will set aside some units for homeless and disabled veterans. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided financing for this project through the Special Needs Housing Trust Fund and an allocation of federal Low Income Housing Tax Credits. Additional funding came from the DCA’s State Rental Assistance Program.

March 16, 2012 - (RealEstateRama) -- Susan Svikhart knows how to manage a sales force. Having previously spent six years recruiting retail sales teams, leading training and continuing education programs for commission-based sales workers and developing an Excellence in Customer Service program, Svikhart will bring her years of management expertise to her new position as the Broker-Manager of Gloria Nilson, REALTORS®, Real Living’s Shrewsbury office this month.

JERSEY CITY, N.J. - March 14, 2012 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc, has orchestrated a headquarters expansion and extension for Antenna Software at 111 Town Square Place, Newport, Jersey City, N.J. The transaction increases Antenna Software’s presence by more than 50 percent to 22,000 square feet, and represents the company’s fifth worldwide office to be opened or expanded in the last 12 months, the second of which was facilitated by Cushman & Wakefield.

EUGENE, OR - March 9, 2012 - (RealEstateRama) -- IDX, Inc. and Barbara Eden have joined forces to produce and display a comprehensive Hudson County MLS (HCMLS) online real estate search page, directly onto the website Eden hosts. Eden can conveniently sync thousands of Jersey City, New Jersey property listings with her search page, creating a unique and dynamic online real estate solution. IDX Broker software gives Eden the ability to effectively and efficiently match her clients, and other New Jersey home seekers, with their dream home, from her website and the innovative IDX Broker application for iPhone and iPad. Finding a property has never been easier online, thanks to Eden’s IDX-enabled website.

EAST BRUNSWICK, N.J. - March 8, 2012 - (RealEstateRama) -- The event’s title was “The New Jersey Comeback: Incentives for Attracting and Retaining Jobs and Tenants,” and the picture painted by top public and industry officials was decidedly optimistic. “We are headed in the right direction,” Senate President Stephen Sweeney told attendees of NAIOP New Jersey’s Public Policy Symposium at the East Brunswick Hilton.

EDISON, N.J. - March 7, 2012 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. represented Futai Inc. (USA), in its recent acquisition of 7 Parkway Place in Edison. Futai is the world’s largest manufacturer of umbrellas; the company will relocate its divisional headquarters and warehouse to the property, which is located within Raritan Center Industrial Park.

BARNEGAT, N.J. - March 6, 2012 - (RealEstateRama) -- Walters Group, a leading residential and commercial builder, has been honored by the Shore Builders Association of Central New Jersey, Inc. (SBACNJ) for their outstanding achievements in sales and marketing over the past year with four FAME (Fabulous Achievement in Marketing Excellence) Awards and five individual achievement awards. The 9th annual ceremony was attended by over 200 members and associates of the Jersey Shore building industry.

EDISON, N.J. - March 2, 2012 - (RealEstateRama) -- Cushman & Wakefield’s Metropolitan Area Capital Markets Group (CMG) has orchestrated the sale of 2121 Route 27, a 99,000-square-foot R&D and office building, for $16.5 million. Fully occupied by Revlon and utilized as the consumer products giant’s primary R&D center, the building is part of Edison Towne Corporate Center, combining office and industrial uses.

MORRISTOWN, N.J - March 1, 2012 - (RealEstateRama) -- Extraordinary penthouse living in the heart of downtown Morristown has struck a chord with two new home buyers who recently purchased two spectacular Penthouse residences just days apart at 40 Park, one of the most unique and sophisticated luxury residential buildings ever built in Morris County.

WOODBRIDGE, N.J. - March 1, 2012 - (RealEstateRama) -- Worldwide financial volatility has been driving institutional funding into commercial real estate, and 2012 is shaping up as a strong year for strategic acquisitions. A panel of the industry’s most successful and respected leaders will highlight NAIOP New Jersey’s chapter meeting on March 27 at the Renaissance Woodbridge Hotel with their answers to the question, “Office, Industrial, Mixed Use: Where is the Smart Money Going?”

NEW YORK, NY - February 27, 2012 - (RealEstateRama) -- RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, recently arranged two long-term retail leases in Morris County, N.J., for Five Guys Burgers & Fries. The exclusive retail leasing broker for the Five Guys Burgers & Fries franchisee in Morris, Bergen, Passaic, and Sussex Counties, RKF has helped the franchisee expand in New Jersey.

NEW BRUNSWICK, N.J. - February 23, 2012 - (RealEstateRama) -- New Jersey’s site remediation landscape was altered dramatically with passage of the Site Remediation Reform Act, with upcoming March and May deadlines bringing mandatory changes in the way site remediation is performed. Among them: State-approved Licensed Site Remediation Professionals (LSRPs) will replace New Jersey DEP personnel in making site remediation decisions for individual projects. The changes were explored in-depth by industry experts at NAIOP New Jersey’s “Mandatory LSRP Update and Roundtables” program at the New Jersey Law Center.

ELMWOOD PARK, N.J. - February 23, 2012 - (RealEstateRama) -- Spencer Savings Bank has renewed its headquarters lease for 40,000 square feet at River Drive Center 3, 611 River Drive in Elmwood Park, announced commercial real estate firm Cushman & Wakefield, Inc. The tenant, a 70-year-old savings bank with 19 branches in Northern and Central New Jersey, has been headquartered at the site since 2002 and has renewed for another 10-year term.

MONMOUTH JUNCTION, N.J. - February 15, 2012 - (RealEstateRama) -- Active adult home buyers’ tastes and needs vary; yet active adult residences are often monotonous, cookie-cutter homes. Not so at Villagio in South Brunswick just minutes from Princeton, where celebrated custom-home developer Byron-Hill Homebuilders has created a one-of-a-kind residential neighborhood with spectacular single-family homes offering soaring living and entertaining spaces in the relaxed atmosphere of a Tuscan-inspired village: “Villagio.”

MORRISTOWN, N.J. - February 13, 2012 - (RealEstateRama) -- Jason Tenenbaum of Berkeley Heights, N.J., has joined commercial real estate services firm Cushman & Wakefield, Inc., announced Gualberto “Gil” Medina, the firm’s executive managing director. Based in the firm’s Morristown office, Tenenbaum is part of a select team of associates responsible for representing major corporate users in their real estate activities. As a member of one of New Jersey’s top tenant representative teams, he will focus on professional practice firms and national and international corporate users.

JERSEY CITY, N.J. - February 13, 2012 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield has been named leasing agent for CB Richard Ellis Realty Trust’s 90 Hudson Street, a 12-story, 440,000-square-foot class A office tower on Jersey City’s Hudson River waterfront. Heading the assignment for the asset are Edward Duenas of Cushman & Wakefield’s East Rutherford, N.J. office, and Robert Lowe and Kevin Daly of the firm’s New York-Midtown office.

EAST RUTHERFORD, N.J. - January 31, 2012 - (RealEstateRama) -- Tenants signed nearly 23.4 million square feet of new industrial leases in Northern and Central New Jersey in 2011, representing the highest volume since before the recession, according to year-end statistics for the U.S. industrial market released today by commercial real estate services firm