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Real Estate news and current commercial property events for northern New Jersey-Tilte

Northern New Jersey Commercial Real Estate News recent headlines

45 Waterview Appreciates $10 Million in 10 Years
Nearly 10 years since acquiring 45 Waterview for $30 million in 2005, One Liberty Properties this week sold the 106,680-square-foot midrise office building in Parsippany, NJ for $40 million. The buyer is a fund backed by an undisclosed foreign investor (and first-time US buyer). The fund is managed by JM Capital and advised by Nadlan Advisors Jeffrey Dunne, Kevin Welsh, Brian Schulz and Frank Maresca of CBRE’s Institutional Properties team...

Lang Joins FirstService Residential
Scott Lang joined FirstService Residential, a leading property management company in North America, as a senior vice president of finance for its MidAtlantic Region. Lang will drive revenue enhancement and cost control initiatives for the MidAtlantic Region. He has previously held leadership roles at the Royal Bank of Scotland and Goldman Sachs. Lang also holds an MBA in finance and management of organizations from Columbia University in New York...

Taconic Investment Partners Sells The BankNote for $114M
Madison Marquette and Perella Weinberg Partners LP acquired The BankNote office building at 890 Garrison Ave. in Bronx, NY from Taconic Investment Partners LLC for $114 million, or about $278 per square foot, according to public records. The six-story, 410,194-square-foot office building was originally constructed in 1911 on 2.4 acres in the Bronx County submarket. Following a $37 million makeover in 2010, The BankNote building, which previously...

Bridge Development Partners Opens New Jersey Office
The Chicago-based Bridge Development Partners has opened an office in Parsippany, NJ. Bridge Development has acquired or developed more than 7.8 million square feet of office and industrial assets in the 13 years since inception. Jeffery J. Milanaik, formerly of Heller Industrial Parks, Inc., and John Porcek, a technical and construction expert with more than 30 years of experience joined the firm and will oversee the operations for the New...

CBRE Named Leasing Agent for 216,000-SF Industrial Property
Principal Real Estate Investors, an Iowa-based institutional investor, has acquired the industrial building at 1 Lladro Dr. in Moonachie, NJ from Lladro Realty, Inc. a porcelain maker in Spain, for $18 million, or about $83 per square foot. The buyer has retained CBRE to lease the entire property. The CBRE team of William Waxman, Mindy Lissner, Matthew Corpuel, Thomas Tucci, and Jamie Dennison will handle leasing efforts there for the new owner...

Weichert Commercial Expands Office With Addition of Ten New Associates
President John G. Udell of Weichert Commercial announced the addition of ten real estate professionals to the corporate headquarters as well as the Central New Jersey and Pennsylvania offices. Joining Weichert Commercial are vice presidents Raymond Marzorati and Steven Tenenbaum, Pablo 'Paul' Albilal-Elhassan as vice president of investments, and sales associates Jennifer Corrao, Claudia Kriener, Marc Vogel, Paul Jarrett, Joseph Sedler, Lainie...

CoStar's People of Note (Oct. 12 - 18)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, South Florida, Boston, East Bay, Tampa / St. Petersburg, Los Angeles, Houston, Washington DC, Chicago, Austin, Phoenix, Seattle, and Orange County. NEW YORK CITY Retail Power Broker Pomerantz Joins C&W By CoStar News Staff LB Commercial Realty News & Articles

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    LB Commercial 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.

    LB Newsletter 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

    Industrial Real Estate: Press release from The Record  published in 2007 pertaining to the industrial real estate reversing the 2nd quarter slide.

    Bergen Record Article Jan 2008: Press release from The Record  published in 2008 covering the history and recent achievements of LB Commercial Real Estate.

    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.

     

     



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