CUSHMAN & WAKEFIELD REPORTS POSITIVE NEWS FOR N.J. REAL ESTATE
EAST RUTHERFORD, N.J. - July 21, 2011 - (RealEstateRama) -- Evidence of recovery has spread throughout New Jersey’s office and industrial real estate markets at mid-year 2011, according to Cushman & Wakefield, Inc. in East Rutherford.
Sen. Menendez and Colleagues Urge Transparency in Foreclosure Practices
WASHINGTON, DC - July 20, 2011 - (RealEstateRama) -- In the wake of recent allegations that illegal foreclosure “robosigning” by banks is still rampant, U.S Senator Robert Menendez (D-NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators sent a letter today to the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation urging the agencies to publicly release information regarding each mortgage servicer’s performance to prevent illegal foreclosure practices. An identical letter was sent by Rep.
A DISCUSSION ABOUT ADAPTIVE REUSE WITH PRISM’S BOB GIBSON
ENGLEWOOD, N.J. - July 20, 2011 - (RealEstateRama) -- Commercial real estate owner/operator Prism Capital Partners, LLC is set to break ground this summer on Phase I of The Parkway Lofts, a multifamily adaptive reuse in Bloomfield and East Orange, N.J. The project will convert a 114-year-old, 365,000-square-foot former General Electric Company warehouse property, located on the Garden State Parkway, into 361 loft-style apartments. At build out, the 14.5-acre site will be transformed into a distinctive, high-density residential village also featuring 150 for-sale townhomes, a clubhouse and other lifestyle amenities, to be built as part of Phase II.
AUG. 7-10: ENCELIUM TECHNOLOGIES TO EXHIBIT AT GOVENERGY 2011 TRADE SHOW IN CINCINNATI
CINCINNATI, OH/TEANECK, N.J. - July 19, 2011 - (RealEstateRama) -- Encelium Technologies will showcase its innovative energy management and lighting control systems at GovEnergy 2011: A River of Energy Solutions Workshop and Trade Show, Booth #834, from Sunday, August 7 to Wednesday, August 10, 2011, at the Duke Energy Convention Center in Cincinnati, Ohio. At the trade show, attendees will get an insider’s look at Encelium’s new Polaris 3D, its next generation of lighting control software for the company’s Energy Control System (ECS).
Former Local Administrator of NJ Home Energy Assistance Program Sentenced to Prison for Defrauding...
TRENTON, NJ - July 18, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a Paulsboro woman who formerly worked as a local administrator of the New Jersey Home Energy Assistance (HEA) Program was sentenced to state prison today for defrauding the program of more than $20,000 by filing false applications to obtain benefits. In addition, a second former local administrator of the program pleaded guilty today to stealing over $40,000 in program benefits through the submission of fraudulent benefit applications.
DCA & HMFA Break Ground on 90-Unit Affordable Apartment Community in Newark
NEWARK, N.J. - July 15, 2011 - (RealEstateRama) -- New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony Marchetta today joined City of Newark Mayor Cory Booker and local officials to break ground on Baxter Park, an affordable apartment community to be located at 39-47 Sussex Avenue near Newark’s Broad Street Station District. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided construction and permanent mortgage financing in the amount of $16,350,000 for the project. Baxter Park also is expected to be awarded federal Low Income Housing Tax Credits, which will generate approximately $10.2 million in private equity.
Robbinsville Welcomes Gloria Nilson Realtors to New Town Center Office
July 15, 2011 - (RealEstateRama) -- That’s what mattered most to the management at Gloria Nilson, Realtors®, Real Living®, when they sought a new regional office that had been centered in nearby Hamilton for more than 20 years.
MORRISTOWN STARBUCKS GRAND OPENING TO BE HELD JULY 22
MORRISTOWN, N.J - July 14, 2011 - (RealEstateRama) -- The wait is over for Morristown residents counting down the days until they can order their caffe lattes and mocha frappuccinos.
Starbucks, the newest addition to the Shops on the Green, will hold a grand opening celebration on July 22 from 5 to 7 p.m. Everyone is invited to come enjoy live music, free specialty coffee drinks and complimentary pastries while mingling with local dignitaries and members of the Morristown business community.
WINTER JOINS CUSHMAN & WAKEFIELD’S BUSINESS INCENTIVES PRACTICE
EAST RUTHERFORD, N.J. - July 13, 2011 - (RealEstateRama) -- Lee Winter has re-joined commercial real estate services firm Cushman & Wakefield, Inc. in East Rutherford, as a director in its Global Business Consulting Group’s Business Incentives Practice. He brings nearly three decades of industry experience – including more than 15 years in the location advisory services arena – to his new position.
RECENT HOMEBUYERS REVEL IN RESORT-INSPIRED LIFESTYLE AT LENNAR’S GREENBRIAR STONEBRIDGE
MONROE, NJ - July 13, 2011 - (RealEstateRama) -- Buyers at Lennar’s Greenbriar Stonebridge have something in common: once they tour the active adult community in Monroe Township, they can’t wait to start enjoying the resort-like lifestyle it offers.
$5,000 IN FREE UPGRADES AVAILABLE AT THE POINTE AT TURNBURY
MONMOUTH JUNCTION, N.J. - July 12, 2011 - (RealEstateRama) -- Luxury options and extras offered to homebuyers at The Pointe at Turnbury are becoming more popular every day. Buyers see them as an opportunity to truly customize their new homes. Taking note of this, Millennium Homes, the developer of The Pointe at Turnbury, has decided to offer a $5,000 incentive on the purchase of a home at the active-adult community that can be applied toward the upgrades of the buyer’s choice.
40 PARK TAKES HOME FIVE AWARDS AT ANNUAL CBRANJ AWARDS DINNER
PARSIPPANY, N.J - July 12, 2011 - (RealEstateRama) -- 40 Park, the luxury residential community in downtown Morristown, NJ, was honored with five awards at the Community Builders & Remodelers Association of New Jersey’s (CBRANJ) annual awards dinner held recently at the Sheraton Hotel in Parsippany. The new awards contributed to what has been a banner year for 40 Park, which has already earned dozens of prestigious regional and national accolades.
SOME OF THE BEST PURCHASING OPPORTUNITES AVAILABLE AT CRYSTAL POINT ON JERSEY CITY’S WATERFRONT
JERSEY CITY, NJ - July 12, 2011 - (RealEstateRama) -- Some of the best purchasing opportunities are now available at Crystal Point in downtown Jersey City which has already sold an impressive 75% of its upscale condominium homes. According to developer Fisher Development Associates, the many homes in the current inventory at the magnificent 42 story building directly on the Hudson River offer all the attributes that have led Crystal Point to the most successful sales program in Hudson County in recent memory – value-packed pricing from the upper-$500,000s, unobstructed views of the ever changing Manhattan skyline and Hudson River, easy access to a host of world-class on-site amenities and a key location in close proximity to major public transportation.
VIZCAYA TOWNHOMES PROVIDE FLEXIBILITY FOR BUYERS
WEST ORANGE, N.J. - July 11, 2011 - (RealEstateRama) -- Townhomes at Vizcaya, the luxury residential community in West Orange, are becoming a popular option for a wide variety of individuals because of the flexibility they offer. They are ideally suited for families, couples and many others who are looking for a luxury living experience. The most recent group to purchase multiple townhomes at Vizcaya is the young downsizer. These are families with high school and college-age children who are looking for a more manageable residence than a single-family home in addition to the upscale lifestyle of a private community, but still want the space and privacy a private home offers.
CUSHMAN & WAKEFIELD APPOINTED FOR NEWARK INDUSTRIAL PROPERTY
NEWARK, N.J. - July 11, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc. has been named exclusive leasing agent for Liberty Logistics Center, a 191,000-square-foot industrial property at 158 Mount Olivet Avenue in Newark. Stephen Elman, Jules Nissim and Robert Adams of the commercial real estate services firm’s East Rutherford, N.J., office are handling the assignment on behalf of Prologis, the building’s owner. The team currently is marketing a 41,000-square-foot availability.
CURE BREAST CANCER FOUNDATION ADDS NINE NEW PARTCIPANTS FOR 2nd ANNUAL “LEASE FOR A...
CLIFTON, N.J. - July 11, 2011 - (RealEstateRama) -- The list of prominent real estate industry leaders signing up to participate in the 2nd Annual Lease For A Cure program continues to grow with nine new companies joining the fundraising effort in which participants donate to the Cure Breast Cancer Foundation (CBCF) for every new lease and renewal signed at their rental communities this October.
PATRICK CONNELLY JOINS CUSHMAN & WAKEFIELD AS DIRECTOR IN EDISON
EDISON, N.J. - July 8, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has appointed Patrick Connelly of Monroe Twp., N.J., as its director of industrial property management in New Jersey. This strategic hire reflects the company’s initiative to fully integrate its industrial platform locally, regionally and nationally.
WALTERS GROUP APPLIES INNOVATIVE M2M TECHNOLOGY TO OPERATE SECURITY SYSTEMS, SOLAR FARM OPERATIONS
STAFFORD TOWNSHIP, N.J. - July 8, 2011 - (RealEstateRama) -- Walters Group, an award-winning real estate development firm, has redefined “business as usual” by applying machine-to-machine (M2M) technology to modernize the management of its operations. The firm has been recognized as an M2M success story and was invited by Verizon Wireless to tout the benefits of wireless M2M connectivity services at an employee training seminar.
ALEXAN CITYVIEW IN BAYONNE INTRODUCES NEW BROKER PARTICIPATION PROGRAM
BAYONNE, NJ - July 8, 2011 - (RealEstateRama) -- Alexan CityView has introduced a new broker participation program at the collection of 544 upscale apartment homes on a sprawling waterfront site at the Peninsula at Bayonne Harbor in the Hudson County City of Bayonne.
WEEHAWKEN TWP. AND ROSELAND PROPERTY COMPANY BREAK GROUND ON FERRY PARKING GARAGE AT PORT...
WEEHAWKEN, NJ - July 7, 2011 - (RealEstateRama) -- Calling the project a key to unlocking the development potential of the Port Imperial waterfront, Weehawken, NJ Mayor Richard F. Turner led a group of officials from Hudson County, the state Economic Development Authority (NJEDA), New York Waterway and Roseland Property Company in breaking ground on a new waterfront parking garage on Wednesday, June 29.


