Real Estate

Aug 2, 2013

Merck courting multiple buyers as it mulls future of Kenilworth property

Merck & Co. said it's in discussion with potential buyers in both the private and government sectors for a series of manufacturing buildings that will close Oct. 1 as result of the pharmaceutical's company consolidation.

Aug 2, 2013

Construction work begins on 300M New Brunswick project

Construction is underway at a new campus for the New Brunswick Theological Seminary, kicking off a broader $300 million redevelopment project that's aimed at redefining Rutgers University's footprint in the city.

Aug 2, 2013

Marcus Millichap promotes four in N.J. region

Marcus & Millichap Real Estate Investment Services, in Calabasas, Calif., announced Thursday the promotion of six Northeast-based agents to vice president of investments, including one in New Jersey.

Aug 2, 2013

Financial Funding relocates operations center to Eatontown

New York-based Financial Funding LLC announced it has relocated its New Jersey operations center from Red Bank to Eatontown, the Wall Street company announced Thursday.

Aug 2, 2013

Long Foster acquires South Jersey residential real estate practice

Residential real estate specialist Long & Foster Real Estate Inc. announced Thursday it has acquired Hanco Property Management and Real Estate Inc., in Mantua.

Aug 1, 2013

A ‘critical step’ forward as Triple Five secures development rights to American Dream

Developer Triple Five has officially taken control of the failed Xanadu project after closing Wednesday on a deal that transferred the rights to the Meadowlands property from the lenders who have held it for nearly three years.

Aug 1, 2013

Hampshire acquires Albany retail property

The Morristown-based Hampshire Cos., a full service, private real estate investment firm, announced Wednesday the acquisition of a 66,000-square-foot, free-standing ShopRite grocery store and an adjacent 1,000-square-foot gas station in Albany, N.Y., from Albany-based Columbia Development Cos.

Jul 31, 2013

Seven years later, reuse plan for Bell Labs building gets local approval

Local officials in Holmdel have cleared the path for Somerset Development to reincarnate the massive Bell Labs research campus there, following seven years of discussions over one of the state's most high-profile vacant office sites.

Jul 31, 2013

Marcus Millichap arranges sale of 20.6M shopping center

Marcus & Millichap Real Estate Investment Services announced Tuesday it arranged the sale of Marketplace at Edgewater, an 88,641-square-foot shopping center and an adjoining pad site, in a $20.6 million deal.

Jul 31, 2013

Weichert Commercial completes sale of Livingston flex building

Weichert Commercial Brokerage, in Morris Plains, announced Tuesday it arranged the sale of a 43,100-square-foot flex building in Livingston. Terms were not disclosed.

Jul 31, 2013

Hill names nine new vice presidents across company

Construction risk management firm Hill International, in Marlton, announced Tuesday the hiring and promotion of nine executives to vice president positions.

Jul 30, 2013

Housing recovery picks up nationally, but still lagging in N.J.

New data on home prices show growing momentum in the country's housing recovery, but an economist said the gains don't tell the story in New Jersey, where the comeback still trails the national pace.