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 […]
Sotheby’s expands into Panama
Realogy subsidiary Sotheby's announced its expansion into Panama today.
Cassidy Turley negotiates sale of 76,000 square feet of industrial space
According to the announcement, Doug Bansbach, senior vice president, and Robert Casagrande, associate vice president, represented both the buyer, Seagis Property Group LP, and seller, PNL Companies. The company has also been retained to market the remaining 22,000 square feet of available space for the 67,000-square-foot industrial building.
Do you live in one of the top 10 N.J. towns?
So maybe it was an inexact survey, but we have to give the folks at Movoto Real Estate a tip of the cap: pizza parlors, bagel shops and diners are part of the survey. Find out who made the top 10.
Hill International subsidiary to manage four new wind farm projects in Brazil
Engineering S.A., the Brazilian arm of the $600 million, Marlton-based Hill International, will oversee wind farm projects in the Brazilian states of Piauí, Ceará, Salvador and Pernanbuco. To date, the company has managed 25 wind farm projects that are currently in operation, representing roughly 760 megawatts of installed capacity, with another 14 in progress. “We […]
Report N.J. home sales up 32 percent in October
The organization reported favorably on October, calling it a “strong month” for the market with more nearly 8,200 closed sales. Closed sales also are up year-to-date, rising about 20 percent to nearly 80,000 in 2013.“We’re continuing to see a lower number of properties for sale … so it’s not surprising to see more closed sales […]
The man with the rock band Jeff Prezant covers office deals by day, Clapton hits by night
“We’re rockers,” he said. “We rock out.”Prezant, a veteran broker in the firm’s East Rutherford office, hasn’t let a busy career get in the way of being an avid guitarist and musician. The pastime started when he was a child, helped him pay for college and continues today, as he plays cover songs in both […]
Building the relationship For the bankers and brokers, all deals are a matter of trust
Investors Bank’s chief lending officer, Richard Spengler, has worked for years with Wilcox, and when the two talk about the behind-the-scenes work of getting capital flowing to commercial real estate transactions around New Jersey, they talk about the critical importance of relationships like theirs, which are built on trust. Spengler said Wilcox “has been doing […]
Growing sphere of influence China company is latest foreign entity to enter New Jersey
The firm, China Construction America Inc., marked its arrival in the state in April when it paid $71 million in cash for a Morris Township office building. And earlier this month, it sealed a reported $68 million deal to acquire a prime Jersey City development site that could house a 1,000-unit apartment complex.It was enough […]
100 Mile Fund provides 12.3M construction loan to Nobility Crest at Brick
According to the announcement, the project consists of two separate developments, including a mixed-use project with 21,109 square feet of retail space and 44 rental units made up of 30 two-bedrooms and 14 one-bedroom apartments, as well as a second parcel with 170 townhomes.This site is centrally located in Brick Township and is in close […]
Mack-Cali buys Rahway complex in latest multifamily move
The real estate investment trust, based in Edison, said it purchased the two-building Park Square complex for about $46.5 million from Woodbridge-based Landmark Cos. The site is minutes from the Rahway train station and also includes a parking garage, 6,000 square of retail space and several other amenities.The property, which is 94 percent leased, will […]
Jones Lang LaSalle exclusive leasing agent for 151,825-square-foot warehouse
According to the announcement, JLL will provide a full range of marketing and transaction services at the 151,825-square foot warehouse and light manufacturing facility. The JLL agency team will be led by Howard Weinberg, executive vice president, and includes Michael Palmeri, associate. The team will work closely with Ira Bloom, director of commercial real estate, […]