Northern New Jersey Commercial Real Estate News recent headlinesMainetti Relocates to Keasbey
Mainetti, a manufacturer and distributor of garment hangers, has relocated its U.S. headquarters location to 300 Mac Ln. in Keasbey, NJ following a long-term, 110,000-square-foot lease signed there.
Founded in 1961, the Italian company is expanding from its current location in Secaucus, NJ.
The 265,612-square-foot warehouse building was constructed in 1988 on 12 acres in the Perth Amboy / GSP Industrial submarket of Middlesex County. It features...PCCP Provides Loans for New Jersey Hotels
PCCP LLC will provide $57.5 million to recapitalize two New Jersey hotels: the Hilton Meadowlands in East Rutherford and the Sheraton Edison in Edison.
PCCP LLC is a real estate finance and investment management firm with over $6 billion in assets.
The Hilton Meadowlands, located less than a mile from the planned site of the 2014 Super Bowl, received a $41 million loan. Formerly known as the Sheraton Meadowlands, with the new loan the 427-room...Kislak Hires Oren as Vice President
Kislak Company, Inc. based in Woodbridge Township, NJ has hired Avi Oren as vice president - sales manager.
This is a newly-created position by the firm, and Oren will be tasked with the training and recruitment of new members for the company's sales team.
Oren brings more than 16 years of experience in multifamily sales and training to Kislak, having previously held positions at Gebroe-Hammer Associates and New Market Realty Group. Oren has...Park Square Apts Sell for $46.5M
Roseland Property Company has acquired the Park Square Apartments at 1 Park Square in Rahway, NJ from Landmark Companies LLC for $46.5 million, or about $292,000 per unit.
The 254,416-square-foot multifamily buildings consist of 159 one- and two-bedroom units ranging from 800 to 1,480 square feet and are currently 94 percent leased. Park Square has a wide range of amenities to attract further interest from potential tenants. The building also...HGI Acquires Atrium 1 for $47M
Harbor Group International (HGI), a Virginia-based real estate investment company, purchased the Atrium 1 office building
at 100 Plaza Dr. in Secaucus, NJ from Hartz Mountain Industries, Inc. for $47 million, or about $177 per square foot.
The four-story office building delivered in 1981 in the Meadowlands submarket of Northern New Jersey. It totals 265,000 square feet and is leased to numerous tenants including Scholastic, Inc. and NBA MediaVentures...LMD Leases 80,400 SF at Heller Park Edison
LMD leased 80,400 square feet at the 180M Building in the Heller Park Edison located at 201-203 Mill Rd. in Edison, NJ.
The 180,359-square-foot warehouse was built in 1989 on 7.7 acres in the Exit 10 Industrial submarket of Middlesex County. It features 16 loading docks, 28-foot clear heights, and 1,200-amp heavy power.
Charles Fern with Cassidy Turley represented the landlord, Heller Industrial Parks, Inc., and the tenant.HFF Opens Philadelphia Office
HFF has opened its Philadelphia office, sucessfully expanding its presence in the Mid-Atlantic region.
Leading the company's 22nd office in the U.S. will be Mark Thomson and Zachary Pierce (pictured, left), who will co-head the office as senior managing directors. Mark Popovich, senior managing director in Pittsburgh and member of HFF's leadership team, will assist the team in strategically growing the office to encompass all of HFF's lines...CoStar Launches New Multifamily Offering Backed by Largest Database of U.S. Apt. Properties
With the launch this week of CoStar Multifamily(TM), CoStar adds a valuable new dimension to its service, making the same powerful information tools for office, retail and industrial property now available for the multifamily sector.
The new service follows a massive effort by CoStar's research team to aggregate and confirm details on apartment communities containing five or more units. CoStar's 1,200-plus researchers have proactively captured...Market Trend: Northern New Jersey's Retail Deliveries, Construction and Inventory
During the third quarter 2013, eight retail buildings totaling 53,822 square feet were completed in the Northern New Jersey retail market.
Over the past four quarters, a total of 553,955 square feet of retail space
has been built in Northern New Jersey. In addition to the current quarter, 12 buildings with 219,014 square feet were completed in second quarter 2013, nine buildings totaling 54,687 square feet completed in first quarter 2013, and...In The Pipeline: CoStar Development & Construction News for Nov. 24 - 30
Hudson Yards Land Continues to Draw Strong Developer Interest
Already hot land prices on the far west side of Midtown Manhattan are getting even hotter, with Alloy Development marketing 511 West 35th Street, west of Penn Station near Hudson Yards, for a reported $75 million.
A tower of up to 415,000 square feet could be developed at the site, with the sale of air rights allowing the inclusion of 100,000 square feet of residential. However...Cohen, Preisler Join Winick Realty Group
Winick Realty Group has hired Alison Cohen and Susan Preisler to its growing New Jersey branch in Cranford, NJ.
The duo have been partners for more than a decade, starting up a retail division at Hirschman Realty before moving on to Vanguard Realty. They specialize in leasing regional shopping centers, and hope to bring their high success rate to Winick Realty Group.
LB Commercial Realty News & Articles
Moves to a larger facility:
Read more about LB Commercial real estate recent
relocation to a larger facility located in Closter, NJ.
Press Release June
2008: This release is information about how LB Commercial was named
exclusive leasing brokers of Rockleigh
Corporate Center, one of the most prestigious towns of New Jersey.
NJBIZ Top 50 NJ 2006:
New Jersey's top real estate brokerage companies in 2006.
2006-2007: This newsletter published in 2006, pertains to the approach
LB Commercial will take for the future of New Jersey's real estate market.
Top 50 Commercial
Award: NJ Biz magazine announces LB Commercial Real Estate as a top
Commercial Real Estate brokerage company in 2006
Real Estate: Press release from The Record published in 2007
pertaining to the industrial real estate reversing the 2nd quarter slide.
Record Article Jan 2008: Press release from The Record
published in 2008 covering the history and recent achievements of LB Commercial
Bergen Record Article:
Press release from The Record published in 2007 reviewing the
history and an in depth perspective of of LB Commercial Real Estate.
5 Reasons The Economy Might Recover Faster Than You Think - MSN Money -
Article pertaining to how the financial outlook of 2009 might improve faster
than elected officials proclaim.
Repex Investments December
2008 Report: Information regarding weekly Dow Jones, NYSE and Standard
and Poor 500 index reports for December 29, 2008.