Regions Northeast | New Jersey
KABR Fund Takes 235,000-SF New Jersey Office
June 03, 2009
Newly-formed value-added real estate fund KABR Real Estate Investment Partners L.L.C. has purchased a 235,000-square-foot office building at 85 Challenger Road in Ridgefield Park, N.J., from AIG.
Hartz Mountain Leases Out 116,000 SF in New Jersey
May 27, 2009
Hartz Mountain Industries has agreed to a lease deal with Breeze-Eastern Corp., a publicly-traded designer of lifting devices for military and civilian aircraft.
Mack-Cali Signs Virgin Mobile to 93,000-SF New Jersey Office Lease
May 19, 2009
Mack-Cali Realty Corp. has inked Virgin Mobile USA L.P. to a new five-year lease for 93,300 square feet at Somerset Hills Corporate Center in Warren, N.J.
128,000-SF New Jersey Office Trades 
May 18, 2009
CB Richard Ellis Inc.'s New York Institutional Group has negotiated the sale of a 128,000-square-foot Class A office property in Roseland, N.J.
jeff dunne Location Key for Planned New Jersey Office Redevelopment
May 15, 2009
Banking on an advantageous location to attract tenants in a shaky economy, The Hampshire Cos. purchased a 98,400-square-foot, four-story office building on a little more than 19 acres in Iselin, N.J. Hampshire Global Partners, an entity controlled by The Hampshire Cos., plans to re-develop and upgrade the office building and develop the rest of the site.
$350M Jersey City Mixed-Use Project Underway
May 13, 2009
Work has begun on the Monticello, a $350 million redevelopment project in Jersey City, N.J.
Planned Companies Adds Two Regional Managers
May 12, 2009
Planned Cos. hired two new regional managers to its subsidiary, Planned Building Services division.
Undaunted By Economy, W Hotels Continues Global Expansion
April 24, 2009
W Hotels Worldwide, the lifestyle brand from Starwood Hotels and Resorts, is continuing its ambitious expansion plan despite the rocky economy. The firm just opened a new hotel in Hoboken, N.J., the latest step in the brand’s global growth efforts.
Firm Awarded Construction Management Contract for New Jersey Office Project
April 16, 2009
The Gale Construction Co. L.L.C., a subsidiary of Mack-Cali Realty Corp., has commenced construction management services for a new regional operations center in Hammonton, N.J., being developed for New Jersey Manufacturers Insurance Co.
Prudential Hospital Pocketing $756M for Construction, Hospital Nabs Largest Ever FHA Loan
April 14, 2009
Capital Health System Inc. has just broken a record with its obtainment of a $756 million construction loan from the Federal Housing Administration for the development of its new hospital on a 165-acre site in Hopewell Township, N.J. The financing, arranged through FHA's Section 242 Hospital Mortgage Insurance Program, is being funded by TIAA-CREF and marks FHA's biggest loan yet.
261,000-SF New Jersey Shopping Center Trades
April 10, 2009
WP Realty, a real estate investment, development, management and leasing firm headquartered in Bryn Mawr, Penn., has sold a 261,000-square-foot shopping center in South Brunswick, N.J.
Phoenix Realty Nabs 71 Condo Units in New Jersey, Plans Conversion to Rental
April 01, 2009
Phoenix Realty Group has purchased 71 units in The Trio high-rise condominium project in Palisades Park, N.J., to convert to for-lease apartments.
Simson Joins Newmark Knight Frank as Vice Chairman, New Jersey Operation
March 31, 2009
Newmark Knight Frank has tapped David Simson as vice chairman for the firm's New Jersey operation.
Colliers to Provide Management Services for Panattoni's 1.95M-SF Mixed-Use
March 31, 2009
Colliers Houston & Co. has been retained to provide management services for over 1.95 million square feet of retail and industrial space contained within Panattoni Development Cos.' Tri-State portfolio.
Mack-Cali Announces Lease Activity in Paramus
March 30, 2009
Mack-Cali Realty Corp. announced that in the first quarter of 2009 it has leased over 45,000 square feet at Mack-Cali Centre II, located at 650 From Road in Paramus, N.J. Tenants include B/E Aerospace Inc., RBC Capital Markets Corp., and Harsco Corp.
IDT HQ Lease Brings Newark Office Building to Full Occupancy
March 24, 2009
IDT Corp. will relocate its global headquarters to 550 Broad Street in Newark, N.J., this spring, bringing the 300,000-square-foot, Class A property to 100 percent occupancy.
Luongo, Gendel Join The Goldstein Group
March 24, 2009
The Goldstein Group has announced that the team of John Luongo and Jason Gendel has joined the company's New Jersey office.
Report: Northern New Jersey Retail Suffers, Vacancy Jumps in 2008
March 17, 2009
While Northern New Jersey remains one of the most dynamic retail markets in the nation, the vacancy factor in retail properties along the region’s six major shopping corridors jumped to 6.6 percent during 2008 from 3.6 percent a year earlier, according to R.J. Brunelli & Co. With recent retailer bankruptcies and downsizings adding to an inventory, it could take several years for the vacancy factor to get back to its usual levels.
NorthMarq Arranges $20M Loan for New Jersey M-F
March 13, 2009
Through its affiliate AmeriSphere, NorthMarq Capital has closed a $20 million multi-family loan on a 244-unit luxury apartment complex in Middlesex County, N.J. The borrower secured a 5.66 percent rate on a 10-year loan based on a 30-year amortization.
eisenhower $65M New Jersey Office Loan Shows Money Still Available—If Property is Right
March 11, 2009
With the finance industry on its knees, securing a loan for a suburban New York City office property is not the cakewalk it used to be. However, lenders are still willing to fork over the funds for certain area assets, like Livingston, N.J.'s 385,000-square-foot Eisenhower Corporate Campus, which recently attracted a $64.8 million financing package.
AEW Inks Tenant to 125,000-SF Industrial Lease in New Jersey
March 10, 2009
AEW Capital Management has closed a 125,580-square-foot relocation and expansion lease with Eastern Bag & Paper Co. in Hamilton, N.J.
CBRE Capital Markets Secures $35M Loan for New Jersey Office Property
March 06, 2009
CB Richard Ellis Debt & Equity Finance group arranged a $35 million first mortgage refinance on behalf of M. Alfieri Co.
don eisen New Jersey Preps to Reinvent Itself Despite Grim Economy
March 06, 2009
The commercial real estate market is taking a beating pretty much across the board, and New Jersey is no exception. As the industry braces for what is widely expected to be another tough year all over, the Garden State looks ahead to how it will reemerge once the dust settles.
$30M Mixed-Use Gets Underway in Jersey City
March 05, 2009
Whiton Street Associates L.L.C., a subsidiary of affordable housing developer Main Street Development Co., has initiated the first phase of The Monticello, a $30 million mixed-use redevelopment project in Jersey City, N.J.
NorthMarq Appoints New Management Team in New Jersey
Feb. 19, 2009
Seeking to expand its presence throughout New Jersey, NorthMarq Capital L.L.C., based in Parsippany, N.J., has announced the hiring of Mark Scott to join Greg Nalbandian as co-managing directors of the firm’s New Jersey operation. The company also announces the promotion of Janet Proscia to senior vice president.
 

Keeping Commercial Building Construction Developments Current


Commercial development in New Jersey is incredibly active. There is seemingly always new commercial office space being built or older buildings being renovated in the Garden State. New Jersey commercial building construction has never been more prominent and its full coverage can be found at Commercial Property News online.
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