Regions Northeast | New Jersey
The Orbach Group Acquires Miry Run Apartments in New Jersey
Aug. 19, 2008
The Orbach Group has purchased the Miry Run Apartments, a nine-building complex housing 144 units.  The  acquisition is the second Hamilton, N.J. property in the company’s portfolio, joining Victoria Apartments, bringing the Hamilton total to 460 units.
Freddie Mac Program Paves Way for $38M Refi of New Jersey Apartment Property
Aug. 15, 2008
A refinancing deal valued at $38.7 million has closed for Hunters Chase Apartments, a 360-unit multifamily community in Evesham, N.J.
liberty harbor $28M Financing Deal Paves Way for NJ Mixed-Use Waterfront Project
Aug. 07, 2008
Plans to erect an upscale 564,000-square-foot mixed-use project on a 2.7-acre coastal brownfield site in Jersey City, N.J., move forward with the closing of a $27.5 million loan to fund the acquisition and the environmental cleanup of the property. EnviroFinance Group L.L.C. provided the financing for developer Statue of Liberty Harbor North Redevelopment Urban Renewal L.L.C.
HFF Closes $24M Sale of The Carlyle Apartments in New Jersey
Aug. 07, 2008
The New Jersey office of Holliday Fenoglio Fowler L.P. has announced that it participated in the sale of The Carlyle Apartments, a 13-story, 128-unit Class A multi-family building in Hackensack, N.J.
Gill Medina Cushman & Wakefield New Jersey Update Paints Mixed Picture
July 28, 2008
Three Cushman & Wakefield reports covering New Jersey office and industrial markets depict a state that’s for the most part mirroring the national commercial real estate scene’s uncertainties, ambiguities and contradictions. In northern New Jersey, overall office vacancy rates are currently 16.2 percent, which is up 0.2 percentage points since the first quarter. Office leasing activity is down 43 percent from the first quarter. The central New Jersey office market is broadly similar. On the industrial side, the bad news is jobs and the good news is high-tech space and the Port Region.
Second Phase of $100M Redevelopment Project in Long Branch, N.J. Opens
July 25, 2008
Long Branch, N.J.--In an area that was once considered the epitome of oceanfront blight in New Jersey, a multi-million dollar upscale redevelopment project is now being built.
Arch Insurance Leases 106,815 SF in Jersey City
July 24, 2008
Mack-Cali Realty Corp. said today that Arch Insurance Co. has leased 106,815 square feet at Harborside Financial Center Plaza 3 on the Jersey City waterfront.
Advance Realty Aims for LEED-EB Rating for Advance Southgate in Morris Township
July 21, 2008
Advance Realty Group is targeting LEED-EB rating for Advance Southgate, one of the company's signature Class A "World Class Business Environments."
150,000SF Retail Property Pulls in $28M
July 18, 2008
Ownership of Edison Commons, a 150,000-square-foot shopping center in Edison, N.J., has changed hands with AMC Delancey Group Inc.'s sale of the property to a subsidiary of MCC Realty Investments L.L.C.
Trammell Crow to Build Piscataway Business Center
July 08, 2008
Trammell Crow Co. received township approval for the construction of Piscataway Business Center, a two-building industrial project totaling 538,050 square feet located in Piscataway, N.J.
Mack-Cali Realty Announces Lease  Renewal/Expansion in Jersey City
July 02, 2008
Mack-Cali Realty Corp. said today that Tullett Prebon Holdings Corp. has leased 100,759 square feet at 101 Hudson Street in Jersey City, N.J.
The Hampshire Cos Inks Lease at Industrial Building in New Jersey
July 02, 2008
The Hampshire Cos. has inked a 20,851-square-foot lease deal with More Specialized Transportation at its industrial building located at 30 Wesley Street in South Hackensack, N.J.
ACC Construction Appoints Winters as Director of Operations
June 30, 2008
ACC Construction has named  James Winters director of operations, the company announced today.
Digital Realty Trust Announces New Acquisitions in Northern New Jersey, United Kingdom
June 27, 2008
Digital Realty Trust, Inc. announced today the purchase of two properties, one in the Northern Jersey market and the other in the United Kingdom market.
Garden Street Plaza Opens in Carlstadt
June 25, 2008
The Goldstein Group announced the completion of Garden Street Plaza in Carlstadt, N. J. The 17,000-square-foot neighborhood center, developed by ARC Properties of Clifton, is nearly fully tenanted with less than 4,000 square feet of space remaining.
Chicago High Rise Moves Ahead with Kennedy Funding Loan
June 24, 2008
The Catalyst, a high rise condo going up in Chicago's West Loop has gotten an $8.4 million loan from Kennedy Funding Inc., the lender reported
AMB Property Leases 239,000SF in New Jersey
June 20, 2008
AMB Property Corp. has signed an approximately 239,000-square-foot lease with Quebecor World Logistics, a logistics and mail list services company, which is leasing the facility, AMB Franklin Commerce Center, in order to expand operations in the northeastern U.S.
N.J. Officials Sue Developer Over School Building Project
June 18, 2008 - Source: The Star-Ledger
The suit seeks more than $6.5 million in damages stemming from allegations that the Gilbane Building Company failed to alert state officials about mold at the site of a Neptune school building project.
N.J. Hospital Receives "Extraordinary" $30M Gift
June 17, 2008 - Source: The Record
Real estate and investment firm magnate David F. Bolger donated the funds to The Valley Hospital.
Boston Capital Invests in New Jersey Seniors Housing Development
June 16, 2008
Boston Capital invested more than $8 million in equity financing in Heritage Village at Lawrence Apartments, a to-be-built, 64-unit multifamily development for seniors in Lawrence, N.J.
BMW Expands N.J. Headquarters
June 13, 2008 - Source: Auto Spectator
The new $100 million addition represents one of the automaker's largest U.S. investments since the inception of its U.S. subsidiary 33 years ago.
Atlantic City Casinos See Uptick in Revenue
June 11, 2008 - Source: Philadelphia Inquirer
During the month of May, the city's 11 gambling halls took in $415.3 million, a 1.6 percent jump from a year earlier.
SkyMark Holdings Acquires Golf Club, High Point Development Lands in New Jersey
June 11, 2008
SkyMark Holdings Inc. had acquired the High Point Golf Club and High Point Development project in Sussex County, N.J., the company said today.
Tough Retail Climate Leads A.C. Moore To Tighten Expansion Plans
June 10, 2008 - Source: Philadelphia Inquirer
The Berlin, N.J.-based retailer plans to open fewer stores, close others, and scratch a proposed second distribution center.
Mack-Cali Announces Lease Transactions in New Jersey
June 10, 2008
Mack-Cali Realty Corp. has leased 138,095 square feet of space in three buildings in Hamilton Township and Moorestown, N.J. Mack-Cali and the tenant were represented in-house. The transaction consist of the following:
 

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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