Real Estate

Jul 23, 2013

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.

Jul 22, 2013

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.

Jul 22, 2013

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.

Jul 22, 2013

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.

Jul 22, 2013

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.

Jul 19, 2013

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.

Jul 19, 2013

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.

Jul 18, 2013

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.

Jul 18, 2013

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.

Jul 18, 2013

Mack-Cali to sell 233M in Philadelphia property

Edison-based Mack-Cali Realty Corp. announced today it has agreed to sell its suburban Philadelphia office portfolio, consisting of 15 commercial office totaling 1.6 million square feet, in a $233 million deal.

Aerial view of Princeton Forrestal Village
Jul 17, 2013

Owners of mixed-use complex make push for health care tenants

The owners of a sprawling mixed-use complex that has long abutted Route 1 in Plainsboro are taking new steps to market the property as a home for health care tenants, the companies announced today.

Jul 17, 2013

Realogy announces sale of 25 million shares of common stock

Madison-based Realogy announced Tuesday that certain funds affiliated with Apollo Global Management LLC have agreed to sell more than 25 million shares of Realogy common stock in a secondary public offering.