An improving jobs climate buoyed New Jersey’s fledgling economic recovery in the first half of 2013, though significant headwinds persist, ranging from a below-average housing market to long-term damage caused by Hurricane Sandy, according to a new report.
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Real Estate
Princeton, Parsippany power N.J. office gains
Two prominent suburban submarkets provided most of the activity during a modest second quarter for the northern and central New Jersey office sector, according to new research from Newmark Grubb Knight Frank.
Read More »Alliance expands headquarters
Bloomfield-based Alliance Advisors announced today it has expanded its headquarters.
Read More »Friendwell Group buys two full-service hotels in N.J.
Edison-based Friendwell Group announced today it has purchased two hotels in transactions arranged by Connecticut-based Keystone Realty Capital. Financial terms were not disclosed.
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Construction at Red Bank redevelopment project moving forward
Since being conceived nearly a decade ago, plans to redevelop a former lumber yard at the edge of downtown Red Bank have been threatened by litigation, the fall of the condominium market and the real estate downturn.
Read More »New craft brewery in Cherry Hill Business Park
Colliers International announced Monday it represented Endurance Real Estate Group in the lease of a 13,542-square-foot warehouse facility at the Cherry Hill Business Park to Forgotten Boardwalk Brewing LLC.
Read More »Colliers arranges renewal of 89,000 square feet for Barnabas Health
The Parsippany office of Colliers International Healthcare Services announced today it has arranged for the renewal of 89,000 square feet of space leased by Barnabas Health for its administrative functions in Oceanport. Terms of renewal were not disclosed.
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It’s renter beware in storm plan
The dispute stemmed from less than $900 in unpaid rent.
So when an Essex County judge ruled a landlord wasn't liable for a two-week power outage caused by Hurricane Sandy — and that the tenant had to pay the rent he had withheld — the owner of the Gardens at Maplewood apartment complex earned only a small financial victory.
Hartz enters West Coast market with 62M Seattle apartment purchase
Hartz Mountain Industries started to go west in 2011 when it acquired a high-rise apartment building in downtown Chicago.
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Hoping Web gaming adds jobs, capital investment
Boosters of online gaming have long said it would spur business growth outside the walls of Atlantic City's casinos, and that was evident on a recent Sunday at a Cherry Hill law office.
Read More »Another day in court for oft-challenges Hoboken redevelopment plan
The legal battle over a plan to redevelop a Hoboken industrial complex has reached its fourth courtroom in as many years, where a judge is now expected to rule on a zoning dispute in lieu of the Mile Square City's governing body.
Read More »Marcus Millichap announces regional manager
Real estate firm Marcus & Millichap announced Wednesday the appointment of Ryan Nee as regional manager of its New Jersey office. Nee began with the company as a sales intern four years ago.
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