Archives

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.

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.

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.

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.

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.

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.

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.

EAST RUTHERFORD, N.J. - December 29, 2011 - (RealEstateRama) -- Christa DiLalo Petti of East Brunswick, N.J., has joined commercial real estate services firm Cushman & Wakefield, Inc., as an analyst on its New Jersey Research team, announced Gualberto “Gil” Medina, the firm’s executive managing director. Based in East Rutherford, the group conducts primary research, data-driven analysis and forecasting for the state’s Northern and Central counties, which house approximately 183 million square feet of office inventory and 608 million square feet of industrial space.

EAST RUTHERFORD, N.J. - December 29, 2011 - (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.

December 28, 2011 - (RealEstateRama) -- The union representing 7,000 office building cleaners around New Jersey is making a last attempt to reach a fair contract for the workers before union members begin preparations to strike. More than two months after the union began negotiations with a consortium of cleaning contractors, the two sides remain far apart on wages and health care coverage. With less than five days remaining before the current contract expires at midnight on December 31st, today is the last scheduled day for bargaining.

JERSEY CITY, N.J. - December 20, 2011 - (RealEstateRama) -- Cushman & Wakefield’s Metropolitan Area Capital Markets Group (CMG) has orchestrated the sale of 10 Exchange Place. The 748,005-square-foot building is a 30-story trophy office tower and a skyline landmark on Jersey City’s Hudson River waterfront.

NEWARK, N.J. - December 15, 2011 - (RealEstateRama) -- Diversified Capital has added a broad suite of new tenant amenities being implemented at 24 Commerce Street, the former Federal Trust Bank building in downtown Newark. These new amenities, along with the $5 million building renovations, are part of the company’s overall investment in the historic office structure, which rises 18 stories and encompasses a total of 180,000 square feet.

LAWRENCEVILLE, N.J. - December 15, 2011 - (RealEstateRama) -- Community Investment Strategies (CIS), Inc., the developer, builder and property manager of market-rate and affordable apartment-rental communities throughout New Jersey, has adopted solar-powered energy at three of its’ apartment complexes: Rosegate, Heritage Village at Elizabeth, and Heritage Village at Manalapan. All three senior communities have been retrofitted with photovoltaic solar panels to collect energy for the buildings’ common areas.

NEWARK, N.J. - December 12, 2011 - (RealEstateRama) -- Miles Berger (right), chairman and CEO of The Berger Organization, welcomed New York Jets Running Back Shonn Greene as the guest of honor during a broker open house at the 570 Broad office tower in Newark. The early December event drew more than 60 industry professionals.

TETERBORO, N.J. - December 9, 2011 - (RealEstateRama) -- Advance Housing, Inc., a state-funded Community Housing Development Organization, has leased 14,000 square feet for its headquarters at 100 Hollister Road in Teterboro, announced commercial real estate services firm Cushman & Wakefield, Inc. The agency will relocate to the property from Hackensack, N.J., in an expansion move this winter.

Charlotte, NC - December 8, 2011 - (RealEstateRama) -- With the housing market continuing to struggle and fewer consumers being able to purchase a new home or apartment, LendingTree.com, the nation’s leading online lender exchange and personal finance resource, today released data highlighting the average down payments on residential real estate purchases for all 50 states and Washington D.C. New Jersey leads the country with the highest average down payment of 13.76%. The state with the lowest average down payment is North Dakota, where buyers put down an average of 11.37%.

ELIZABETH, N.J. - December 7, 2011 - (RealEstateRama) -- The first nine months of 2011 have seen a 6.1 percent increase in cargo coming into the Port of New York and New Jersey; raising the Bayonne Bridge and replacing the Goethals Bridge are top priorities as the port continues to be a major economic engine; and commercial real estate opportunities still exist relating to the port.

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.

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.