Archives

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

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.

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.

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.

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.

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.

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.

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.