Author Archives: Linda Lindner

Lakeland Bank appoints new healthcare lending team

Thomas Shara, president and CEO of Lakeland Bank, announced the appointment of Ron Krauskopf and Roberto Camacho to the Bank’s newly formed Healthcare Lending Team in Bernardsville. The Healthcare Lending Team will be responsible for building relationships with large medical practices, senior living facilities, not-for-profit organizations, hospitals and health systems, specialty medical facilities, healthcare real estate investment firms, and private ...

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West Windsor office building reaches full occupancy; built-to-suit opportunity remains

Sirius Group’s lease for 4,000 square feet at 21 Roszel Road brings the 62,500-square-foot office building to full occupancy and represents another significant milestone at the two-building Roszel Square development in West Windsor. The Class A asset – along with 19 Roszel Road, a neighboring build-to-suit opportunity – is one of several joint ventures between Mountain Development Corp. and Gottesman ...

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Progress Capital secures $34M in financing for Newark building

Progress Capital announced that Brad Domenico, partner, has arranged a $34 million CMBS loan on behalf of his clients, Joy Construction and MADDD Equities for a 7-story office building located at 765 Broad Street in Downtown Newark. The borrowers along with investors, Drew Katz and Newmark Knight Frank’s Justin DiMare purchased the property back in 2016 for $10.5 Million and now ...

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United unveils art designs for upcoming aircraft paint job

United Airlines on Friday revealed two winning designs, selected through a combination of official judging and public voting, for Her Art Here, a first-of-its-kind contest designed to find and uplift underrepresented women artists by providing a chance to have their work painted on a canvas like no other — a United Airlines aircraft. Having their designs painted on a Boeing ...

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Juniper adds Chestnut Hill PA to its portfolio of senior housing

Bloomfield-based Juniper Communities announced the addition of The Terrace at Chestnut Hill in Pennsylvania to its portfolio of managed and owned seniors housing communities as of May 14, 2019. Nationally, Juniper ranks among the top 40 largest providers of seniors housing communities. The Terrace has 70 personal care units and 33 memory care units tucked away in the northwest section ...

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NAI Hanson promotes two to associate vice president

NAI James E. Hanson announced that Patrick Lennon and Christopher Todd have been promoted to the role of associate vice president. Since joining NAI Hanson in 2013, Todd and Lennon have established themselves as leaders in the commercial real estate brokerage community and important team members at the Teterboro-based real estate firm. Lennon, working on a team with Kenneth Lundberg, ...

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Sayreville’s Gillette Towers purchased by AMS Acquisitions for $13 million

Gillette Towers in Sayreville was recently purchased by New York City-based AMS Acquisitions LLC, from NJ development firm Gilette for $13 million. A senior housing community comprised of two residential rental buildings with 136 units designated for those 55 and older, the property at 100 Kennedy Drive sits on almost five acres. Jeremy Wernick, of Redwood Advisors, a New Jersey ...

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Commvault names Hamilton as vice president of customer success

Tinton Falls-based Commvault announced the appointment of Sandra Hamilton as vice president of customer success. In this role, Hamilton will lead the company’s Systems Engineering, Professional Services, and Support teams – advancing its end-to-end customer engagement, service and support initiatives throughout the entire customer lifecycle. Hamilton succeeds Rob Kaloustian as he moves forward with his new role as Senior Vice ...

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As unemployment drops to 3.9 percent, NJ leads nation in financial sector job losses

According to Garden State Initiative (GSI) analysis of the newest job numbers issued by the Bureau of Labor Statistics New Jersey’s economy added 10,900 private sector jobs in April, decreasing the state’s unemployment rate to 3.9 percent. The state’s workforce declined by 2,200 during the month, remaining at a level below when the last recession hit in 2008. The state’s ...

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Amboy Bank appoints new executives

Joseph Cascella is joining Amboy Bank as chief credit officer and Eileen Roemer has been promoted to chief financial officer at the Old Bridge-based financial institution. “We are pleased to appoint two dedicated professionals to these leadership roles, said Amboy President and CEO Gregory Scharpf. “Both individuals bring a wealth of knowledge and experience to their respective leadership roles. We ...

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Offshore wind developer opens for business in Jersey City

Jersey City Mayor Steven Fulop welcomed EnBW North America, joined by New Jersey Economic Development Authority Senior Vice President Brian Sabina and scores of others who gathered Wednesday to officially open the German subsidiary’s first U.S. office and marking its entrance into the competitive New Jersey/New York offshore wind market. “With combined targets of nearly 13 gigawatts, New Jersey and ...

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Panasonic Corporation of North America names new chief compliance officer

Newark-based Panasonic Corporation of North America announced the appointment of Louis Sapirman to the position of chief compliance officer. Sapirman will lead the company’s North America Ethics and Compliance program, working in a variety of areas including antitrust & competition, anti-corruption, customs & export compliance, data protection and privacy regulations. Sapirman has over 25 years of experience in regulatory compliance ...

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