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Newmark Associates brokers 184,000-square-foot sale at Burlington Center Mall
According to the announcement, Burlington NJ LLC, a real estate investment division of Las Vegas-based firm Moonbeam Capital Investments LLC, purchased the property.Moonbeam Capital Investments, owner of the Burlington Center Mall, Diamond REI and J.S. Hovnanian & Sons, recently announced a joint venture to redevelop the Burlington Center Mall and adjacent land.The project will consist [&helli[...]
Hill International has more than 1B in work lined up
According to the announcement, Hill is under contract to perform $1.027 billion of work. “Our growth continues to be driven by our excellence in delivering outstanding services to our clients,” said Irvin E. Richter, chairman and chief executive at the company. The company employs more than 4,000 people in 100 offices around the world. Submit […]
HFF secures 11.3M refinancing on medical office complex in Tenn.
According to the announcement, HFF worked on behalf of Diversified Realty Ventures to place the three-year, floating-rate, non-recourse bridge loan with Colony Capital. The property is comprised of The Atrium Professional Building, a 57,855-square-foot, two-story building and the Atrium – Surgery Center, a 44,850-square-foot surgery center building. The buildings are connected by a skywalk a[...]
With Super Bowl media day ahead, Newark serves as testing site for business-finding app
The Greater Newark Convention & Visitors Bureau has teamed with Raleigh, N.C.-based Yillio Inc., in a partnership that will help launch the company’s eponymous app while helping Brick City merchants gain a bigger share of the Super Bowl windfall.“They’re trying to get fans to connect and engage with businesses along the way, and that’s a […]
Cushman Wakefield complete 20,000-square-foot lease renewal
According to the release, the East-Rutherford-based Cushman & Wakefield team of Curtis Foster, Ben Hochron and Jerry Shifrin represented owner Rugby Reality. The tenant was represented by Ron Ganter of Cresa. With the signing of the lease extension with Menasha Packaging, the property at 160 Chubb Ave. is now close to 80 percent occupied, the […]
Christie signs bill allowing DEP to grant 2-year extension on site remediation
Supported by many in the business and development communities, the new law now extends the looming May 7 deadline by two years. Per a 2009 law, if no extension was granted the DEP would’ve assumed direct oversight of any site cleanup failing to meet the deadline. The bill was passed unanimously in both houses on […]
Consultants Redevelopment at Roche site in Clifton, Nutley could produce up to 18,000 jobs
But a new report shows the move might not be such a bad thing: Consultants hired by Nutley and Clifton said redevelopment options for the 119-acre site, which sits on the border between the towns, could produce up to 18,000 jobs and as much as $20 million in real estate taxes. Clifton and Nutley issued […]
NGKF helps Horizon, Cenlar add tens of thousands of square feet in Ewing
According to the announcement, Horizon NJ Health more than doubled its presence with an increase of 23,000 square feet, filling an entire building of 42,000 square feet. Cenlar FSB is taking an additional 15,000 square feet of leased space in the adjoining building at the same property. The recent expansion brings Cenlar’s footprint at 370 […]
Retro Fitness and its frozen yogurt franchise get new VP
Lauletti, named vice president of real estate and development, is a 25 year real estate and business veteran. He was most recently the director of development for Popeye’s Louisiana Kitchen, where he led development efforts in the Eastern United States. He previously worked for the brands Sbarro, Boston Market, SuperValu and Friendly’s. The company said […]
AvalonBay leader Ron Ladell has been leading the way in N.J. for more than a decade
But that didn’t stop AvalonBay Communities Inc. from breaking ground on its latest project in the state, a 180-unit luxury apartment complex in West Long Branch. For the Arlington, Va.-based developer, it was not the time to push off construction. “We were confident that, at some point, the cycle was going to change,” said Ron […]
Commercial and industrial builders turn to multifamily to diversify holdings and improve profits
As it approached its fifth decade, the Carlstadt-based company turned to multifamily — acquiring a 9-acre industrial parcel in nearby Lyndhurst in 2008 that it would take through the painstaking, sometimes-complex process of redevelopment. That site today is home to 150 luxury apartments and a swanky clubhouse, plus another 150 units that will open in […]
Sanzari plans 342,000-square-foot Teaneck office building
Sanzari is already approved for an eight-story building, but a representative of the company is asking the town council for additional space. The added space could result in a $1.7 million tax boom for the town, according to The Record. According to the report, Teaneck officials are encouraging a revenue boost through development instead of […]
