New Jersey Transit reported an additional $800,000 in leasing revenue for fiscal year 2018, which will grow leasing revenue to $8.5 million in fiscal year 2019. Greystone Management Solutions, a real estate advisor to transit authorities, has developed with NJ Transit non-farebox revenue for the agency. This additional revenue is a result of Greystone’s and ...
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Real Estate
Marcus & Millichap completes sale of $5.25M retail property
Marcus & Millichap announced the sale of the 52,616-square-foot retail Toms River Shopping Center, in Toms River. The retail property sold for $5,250,000 according to Brian Hosey, regional manager of the firm’s New Jersey office. Michael Lombardi and Charles Loccisano, investment specialists in Marcus & Millichap’s New Jersey office, exclusively represented the seller and buyer, ...
Read More »Lerner David moves headquarters to Cranford
Lerner David, a leading, global intellectual property boutique law firm announced that it has executed a lease for the relocation of its headquarters to 20 Commerce Drive in Cranford. Represented by Newmark Knight Frank, Lerner David is moving its headquarters from Westfield, where the firm had been for nearly its entire 50-year history. Lerner David ...
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Former Ballantine Brewery in Newark sells for $61 million, JLL says
JLL has successfully sold the 1.1 million-square-foot former Ballantine Brewery in Newark for RAR Development Associates.
Read More »NAI Mertz completes sale of Burlington Township warehouse
Senior Vice President Jonathan Klear, of NAI Mertz, brokered the sale of 308 Connecticut Drive, a 46,000-square-foot warehouse in Burlington Township.
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Alfred Sanzari finds Hasbrouck Heights headquarters for Diana Food
The lease at Heights Plaza will provide a new home for the company’s food testing; R&D operations; and executive, sales and administrative teams while providing the firm with ample room to grow their operations out of a well-located, modern building.
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CBRE arranges lease for new Toll Brothers Pennsylvania HQ
Toll Brothers will occupy 163,000 square feet at 1140 Virginia Drive in Fort Washington, Pa., making the transaction one of the largest office deals of 2018.
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NAIOP New Jersey installs 2019 officers and trustees
NAIOP New Jersey announced the election of its 2019 officers and trustees. The installation took place during the commercial real estate development association’s sold-out Annual Meeting and Commercial Real Estate Outlook, held Jan. 24 at the Short Hills Hilton. Eugene Preston of Dermody Properties assumed the role of chapter president from Elberon Development Group’s Dave ...
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G William Group begins construction for Hillsborough sports complex
G. William Group LLC, an Edison-based design and build company specializing in indoor sports complexes, announced it is currently clearing trees on the 40-acre site that will be home to Apex Sports and Events Center in Hillsborough. The official ground-breaking ceremony took place on Sept. 27, 2018, for the 210,000-square-foot, state-of-the-art indoor sports facility which ...
Read More »Transwestern names Vicci to oversee Northeast property management
Real estate firm Transwestern on Tuesday announced that Robert Vicci has joined the firm as senior vice president to grow the company’s property management portfolio throughout the Northeast. Based in Florham Park, Vicci will work with Asset Services leadership to implement national initiatives, drive new business pursuits, and ensure operational consistency across the region. Prior ...
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Hollister to deliver mixed-use building for AB Capstone
Hollister Construction Services has been retained as design and builder by AB Capstone, a real estate investment company, to execute the delivery of a 10-story, plus cellar, mixed-use, high-rise building at 425 Westchester Ave. in the Bronx, N.Y The new building will have a total floor area of approximately 144,000 square feet. Michael Graves Architecture ...
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RJ Brunelli selected as broker by indoor virtual reality theme park
Old Bridge-based retail leasing specialist R.J. Brunelli announced it has been selected by Legend Heroes Park as the exclusive nationwide real estate broker for its entry into the U.S. market. A tech-based entertainment concept, Legend Heroes Park combines virtual and augmented reality technologies with the physical world for an immersive experience. Legend Heroes Park offers ...
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