Archives

N.J. - August 3, 2011 - (RealEstateRama) -- Cushman & Wakefield released midyear 2011 statistics for the U.S. industrial market that show the overall vacancy rate for New Jersey has declined. At the same time, the overall vacancy rate for the U.S. has declined to a two-year low.

NEW BRUNSWICK, N.J. - August 2, 2011 - (RealEstateRama) -- With the addition of 45 new members in Q1 of 2011, NAIOP New Jersey, the commercial real estate development association, has seen its ranks grow. Established in 1970, NAIOP New Jersey is the leading commercial real estate, land use and economic development resource in the state. Through its link to NAIOP corporate, the New Jersey Chapter provides a direct connection to 18,000 members in North America.

August 2, 2011 - (RealEstateRama) -- The first half of 2011 has seen significant capital allocated to real estate, but the market remains a "tale of two cities." The absolute right product continues to attract a great deal of interest, but if an asset is "slightly off," there is no action for it. That trend spans all four primary property types – retail, office, industrial, and multi-family.

BARNEGAT, NJ - August 1, 2011 - (RealEstateRama) -- For generations, the American Dream has been synonymous with homeownership. Today, however, with the stress on housing markets, some Americans are redefining that dream, finding they don’t have to buy to live well.

July 29, 2011 - (RealEstateRama) -- The $12 million sale price for Long Point in Rumson, N.J., has secured Kelly Zaccaro’s place in the annals of real estate history. On the heels of four continuous months of improving national home sale numbers, Zaccaro, a veteran sales associate with the Rumson office of Gloria Nilson, REALTORS®, Real Living – the leading high-end real estate brokerage in central New Jersey – recently closed the single largest residential real estate transaction in the history of Rumson.

ROCHELLE PARK, N.J. - July 27, 2011 - (RealEstateRama) -- Thirteen new members representing a broad range of commercial real estate-related professions have been accepted as members of the Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA). Dating back more than eight decades, IOREBA now has members in New Jersey, New York, Connecticut and Pennsylvania.

HILLSIDE, N.J. - July 27, 2011 - (RealEstateRama) -- For the second year in a row, the Community Action Committee of NAIOP New Jersey conducted a food drive and volunteer day to benefit the Community Food Bank of New Jersey. More than 50 members, friends and staff of the commercial real estate association spent a full day transporting and unloading food donations, packing pasta and preparing food bags for seniors at the Hillside, N.J. headquarters of CFB, which provides food for 1,500 non-profit groups across New Jersey. NAIOP New Jersey members collected more than 450 pounds of food at their companies' workplaces, as well as cash donations at industry events and through a Virtual Food Drive

Mt. Laurel, NJ - July 26, 2011 - (RealEstateRama) -- MAMCO Property Management, an Associa company, is excited to announce that is has added to its diverse New Jersey client base and will offer management services to Knightsbridge Community Association.

NEWARK, N.J. - July 26, 2011 - (RealEstateRama) -- The law firm of Baldassare & Mara, LLC has leased 2,360 square feet at 570 Broad Street in Newark, representing the first commitment at the 15-story tower since The Berger Organization purchased a controlling interest in 570 Broad Street LLC, a partnership, earlier this year. The practice will relocate to the property from Chatham, N.J.

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.

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.

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).

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.

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.

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, 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.

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.

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.

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.

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.