Yearly Archives: 2012
Lee & Associates Negotiates 33,000 SF Office Space Expansion and Lease Extension
Torrance, CA - January 30, 2012 - (RealEstateRama) -- Lee & Associates, one of the largest commercial real estate brokerage firms in the country, has completed a lease extension and space expansion for the U.S. headquarters of Matheson Tri-Gas. The lease terms consist of an expansion of additional 10,000-square-feet to their current space and an 11-year extension for the entire space. Located at 150 Allen Road in Basking Ridge, N.J., the value of the transaction is undisclosed.
THE ECONOMY IS MOVING FORWARD, BUT JOB DEFICITS REMAIN NATIONALLY AND STATEWIDE
EAST RUTHERFORD, N.J. - January 27, 2012 - (RealEstateRama) -- Is economic recovery truly underway? Will industrial real estate keep its momentum? Is New Jersey winning the war for jobs? How are retail trends impacting other industry sectors, notably industrial? Those questions and more were on the table at NAIOP New Jersey’s 2012 Commercial Real Estate Forecast and Annual Meeting at the Sheraton Meadowlands.
TRYKO CAPS YEAR OF GROWTH WITH ATLANTIC CITY MULTIFAMILY ASSET
BRICK, N.J. - January 26, 2012 - (RealEstateRama) -- With the January acquisition of Barclay Arms in Atlantic City, N.J., private equity real estate group Tryko Partners, LLC, marked a 12-month period of aggressive growth that nearly doubled its multifamily portfolio and substantially grew its skilled nursing holdings. The Brick-based firm has added more than 1,800 residential units and 200 nursing home beds, with another 680 housing units under contract to close during the first quarter of 2012.
CUSHMAN & WAKEFIELD TAPPED TO MARKET NATIONAL AMUSEMENTS SITES
NEWARK and SAYREVILLE, N.J. - January 25, 2012 - (RealEstateRama) -- National Amusements, Inc., the motion picture exhibition industry leader, has retained commercial real estate services firm Cushman & Wakefield, Inc. to market surplus properties in Newark and Sayreville for sale. Donald Eisen, a Cushman & Wakefield executive director based in the firm’s East Rutherford, N.J., office, is heading the assignment, along with Christian Politan. The first, a 19-acre redevelopment parcel at 104-180 Foundry Street in Newark, sits adjacent to Exit 15E of the NJ Turnpike, offering prominent visibility and outstanding access to Port Newark and Elizabeth. The property formerly served as home to All Jersey Multiplex Cinemas.
Menendez, Representatives Call on GAO To Report on Foreclosure Reviews
WASHINGTON, DC - January 24, 2012 - (RealEstateRama) -- As Chairman of the Senate Subcommittee on Housing, Transportation and Community Development, Senator Robert Menendez (D-NJ) along with Representatives Maxine Waters (D-CA), Brad Miller (D-NC) and Luis Gutierrez (D-IL) have called on the non-partisan Government Accountability Office (GAO) to examine and investigate the design, implementation and eventual results of the foreclosure review process that the Office of the Comptroller of the Currency (OCC) and Federal Reserve are currently carrying out. Last month, Menendez presided over a hearing where he raised concerns over the fact that regulators were allowing banks under review to pick their own third party consultants to conduct the audits.
Lautenberg, Menendez Announce $34 Million for Low Income Home Energy Assistance Program in New...
NEWARK, NJ - January 24, 2012 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced the U.S. Department of Health and Human Services (HHS) has released $34.2 million for the Low Income Home Energy Assistance Program (LIHEAP) in New Jersey. This federal funding is in addition to the $103 million released to New Jersey in late 2011. The program provides critical assistance to low-income families who struggle each winter to pay their energy bills.
Custom IDX solution brings easy-to-use online home search to New Jersey website of Victoria...
EUGENE, OR - January 24, 2012 - (RealEstateRama) -- With thousands of properties being updated every day, real estate professional Victoria Carter of Coldwell Banker has integrated the revolutionary IDX Broker software onto her website, in an effort to simplify the online real estate search in Short Hills, New Jersey. She can now seamlessly display thousands of Garden State MLS (GSMLS) listings online, creating a comprehensive database of property listings for buyers to search through. IDX Broker has forever changed the way New Jersey buyers experience an online real estate solution.
CUSHMAN & WAKEFIELD ARRANGES LEASE EXPANSION, EXTENSION FOR ENGINEERING FIRM
LAWRENCEVILLE, N.J. - January 20, 2012 - (RealEstateRama) -- Langan Engineering & Environmental Services has increased its presence and re-located within its current location at 989 Lenox Drive in Lawrenceville. In little more than one year, this regional office quickly outgrew its operating space and worked closely with Cushman & Wakefield, Inc. and its landlord Brandywine Realty Trust, to sign a new lease for 10,750 square feet in the same building.
New Jersey online real estate search simplified with custom IDX solution of Victoria Carter
EUGENE, OR - January 19, 2012 - (RealEstateRama) -- Short Hills, New Jersey real estate professional Victoria Carter has revolutionized her website with the dynamic IDX Broker software. She now hosts thousands of property listings directly on her website, thanks to her partnership with IDX, Inc. and Garden State MLS (GSMLS). The IDX solution Carter supports automatically extracts raw listing data from the GSMLS database and integrates them onto her page, providing home seekers with a dynamic and comprehensive group of listings to help them find their dream home.
MWW GROUP PUBLIC RELATIONS SECURES METROPOLITAN CENTER SIGNAGE IN LEASE EXTENSION
EAST RUTHERFORD, N.J. - January 19, 2012 - (RealEstateRama) -- Metropolitan Center, the New Jersey Meadowlands landmark office tower, will soon have MWW Public Relations signage on the building. The public relations agency, one of the top 15 agencies in the world, and a long-time tenant at the property, has extended its lease and secured building signage rights at the 420,000-square-foot property, announced commercial real estate services firm Cushman & Wakefield, Inc.
CUSHMAN & WAKEFIELD CAPITAL MARKETS TEAM INKS $1.3 BILLION IN 2011
EAST RUTHERFORD, N.J. - January 19, 2012 - (RealEstateRama) -- With $1.3 billion in completed transactions during 2011, Cushman & Wakefield, Inc.’s Metropolitan Area Capital Markets Group experienced robust activity that reflects a year of steps forward and back, and “haves” and “have-nots,” according to Andrew Merin, vice chairman. Ultimately, the East Rutherford-based team closed its best year since 2008, including multiple record-breaking deals.
JAN. 24: SPEAKERS ADDED TO NAIOP NEW JERSEY ANNUAL MEETING AND REAL ESTATE FORECAST
EAST RUTHERFORD, N.J. - January 17, 2012 - (RealEstateRama) -- Has recovery finally taken hold? What commercial real estate opportunities and trends will play out in 2012? Those questions and more will be answered by a panel of experts at NAIOP New Jersey's Annual Meeting and Real Estate Forecast, slated for January 24 at the Sheraton Meadowlands, East Rutherford, N.J.
NEW YORK CITY TOURISM INDUSTRY BOOSTS NEWARK HOTEL MARKET
Newark, N.J. - January 16, 2012 - (RealEstateRama) -- The Newark, N.J., hotel industry is thriving heading into 2012. While the continued evolution of the city’s entertainment, cultural and corporate draws can be credited in part for the strong performance, the real catalyst can be found in New York City’s burgeoning tourism industry.
2011 GARDEN STATE OFFICE MARKET PERFORMANCE POINTS TO RECOVERY
EAST RUTHERFORD, N.J. - January 16, 2012 - (RealEstateRama) -- Performance within the Garden State’s office markets during 2011 indicates that the commercial real estate industry is on the rebound, according to Cushman & Wakefield, Inc.’s New Jersey Research Services team. Gualberto “Gil” Medina, the commercial real estate services firm’s executive managing director, noted that fundamental improvements in the state’s Northern and Central counties—including significant jumps in office leasing activity—tie directly to strengthening job growth.
Grand Re-opening of Sunrise Acres in Monroe
January 10, 2012 - (RealEstateRama) -- Michele Neidle, sales associate with Gloria Nilson, Realtors, Real Living, is pleased to announce the grand re-opening of Sunrise Acres in Monroe, a 36 home single family community located in Monroe Township. Sunrise Acres in Monroe features 4 distinctive floor plans ranging in size from 3,100 to over 3,800 square feet with 2-3 car garages and full basements and is located on 2 cul-de sac streets.
Brown Calls for End to Free Pass for Banks that Abandon Foreclosed Homes
CLEVELAND, OH - January 3, 2012 - (RealEstateRama) -- After a bureau of the U.S. Treasury Department released new guidelines that amount to a free pass for banks to abandon foreclosed homes—fostering crime and leaving local taxpayers on the hook—U.S. Sen. Sherrod Brown (D-OH) today called for tougher standards to prevent the needless evictions of Ohio families and to forestall neighborhood blight.
RESOURCE: NAIOP NEW JERSEY TO ANALYZE DEVELOPMENT INCENTIVES AND KEY ECONOMIC GROWTH ISSUES
January 3, 2012 - (RealEstateRama) -- Please consider Michael G. McGuinness of NAIOP New Jersey as a resource for insight into the following issues. As CEO of the commercial real estate developers association, he is uniquely qualified to discuss the impact of Grow New Jersey and other key incentives on New Jersey’s economic future.
