Real Estate

Dec 9, 2013

Visual Lease lets renters stay up to date on properties

It’s what caused Betesh to enter the business of “lease auditing” in 1985, working to ensure commercial tenants didn’t over pay for building services that were covered in the deal. But he took that one step further 10 years later when he founded Visual Lease, a software platform to help tenants track, manage and analyze […]

Dec 6, 2013

Jones Lang LaSalle moves N.J. headquarters to East Rutherford

The company will continue to operate out of three offices in the Garden State, retaining its presence in Parsippany and Woodbridge while vacating its space in Hasbrouck Heights. The new location, at Metropolitan Center, will serve as JLL’s headquarters in the state beginning Dec. 16, when employees from Hasbrouck Heights begin to move to the […]

Dec 6, 2013

Kennedy Funding completes 1.17M financing for N.C. property

According to the announcement, The three-year, interest-only funding was obtained for Georgetown Landing LLC. The peninsula-shaped tract, directly across from the Marine Corps’ Camp Lejeune, was recently rezoned for residential development.Read more real estate news >

Dec 5, 2013

200M luxury Jersey City high-rise to focus on lifestyle

The rapidly changing Downtown Jersey City skyline will soon have a new addition, with officials ceremonially breaking ground today on a 38-story, 311-unit luxury apartment building known as M2.

Dec 5, 2013

Port Authority OKs 100M in road upgrades for N.J. terminals

The agency’s board of commissioners authorized the program at its latest meeting in New York, sending new funds to an effort to modernize roads built decades ago. In a news release, the authority said the $105 million program includes the design, construction and realignment of portions of the five major access roads to the shipping […]

Dec 4, 2013

PHH, state reach 6.25M consumer fraud settlement

“This settlement provides relief to a large number of individual consumers who were subjected to unacceptable mortgage servicing practices,” Hoffman said in a release. “It also ensures appropriate reforms in PHH’s mortgage-servicing operations.” The settlement requires no admission of wrongdoing or liability. It consists of $3.62 million in restitution for more than 2[...]

Dec 4, 2013

Keystone Property Group inks Moorestown deal with Destination Maternity

The developer announced the 74,000-square-foot lease on Wednesday, three months after the state offered a $40 million tax credit to lure the maternity clothing maker. The deal means the three-building Moorestown campus is now 85 percent leased as Keystone continues a series of interior and exterior improvements.The Bala Cynwyd, Pa.-based real estate firm acquired the […]

Dec 4, 2013

Hill awarded 16.6M contract extension by Southern California Edison

According to the announcement, under the three-year extension Hill will continue providing project management services on Southern California Edison multi-billion dollar capital improvement program.

Dec 4, 2013

Cushman Wakefield brokers 110,000-square-foot Mainetti relocation

According to the announcement, Mainetti moved to the new space from Secaucus to expand operations. The building includes 8,000 square feet of office space and incorporates a new sorting area for recycling hangers.Cushman & Wakefield’s Andrew Stypa and Daniel Badenhausen, based in the commercial real estate services firm’s Edison office, brokered the long-term transaction. Federal [[...]

Dec 2, 2013

Amazon story puts spotlight on N.J. property

That development is in Robbinsville, where the e-tail giant is building one its newest fulfillment centers. During an interview with CEO Jeff Bezos, the CBS news program rolled footage of the planned 1 million-square-foot warehouse, where crews could be seen raising materials and working on the frame of the building.The site will be one of […]

Dec 2, 2013

Business BECKONS

That’s because he is the head of Jones Lang LaSalle’s business and economic incentives group in the Northeast, a post he took only weeks after New Jersey overhauled its incentives to make them among the most competitive in the country. “There’s a great deal of interest … from both within and outside of the state,” […]

Dec 2, 2013

The state should go all in with Internet gambling

Let’s just discuss the idea of online gambling and come to the only realistic conclusion: Online gambling is a good thing. And there should be more of it. This isn’t a statement on morality or even gambling itself — that argument was settled by a state referendum in 1976. This is just business. And for […]