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Real Estate

Fewer employers changing relocation benefits, survey finds

Fewer employers are changing their relocation policies, and more are looking to fine-tune their benefits programs to adapt to the changing real estate landscape, according to a new survey. Weichert Relocation Resources Inc. on Tuesday released its 2011 “Mobility and the Current Real Estate Market” survey, with results based on responses from 200 U.S.-based relocation ...

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Landlord Tenants signing longer-term leases in sign of office market’s improvement

In one sign of a strengthening office market, tenants that signed short-term leases during the recession are now committing to longer-term deals, one landlord said. “More and more tenants are willing to commit to longer-term leases as the economy continues to improve,” said Matthew Malatich, assistant director of leasing at Hilton Realty, a Princeton-based real ...

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Hampshire opens new office in Metropark

The Hampshire Cos. officially opened Centra, its new Class A office property, at 186 Wood Ave. South, in Woodbridge, last week. The Morristown-based real estate investment firm acquired the former Siemens property in 2009, and began construction in February 2010, stripping the building down to the steel, then rebuilding and expanding it by about 10,000 ...

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Moving forward on Fort Monmouth redevelopment

The Fort Monmouth Economic Revitalization Authority said it is moving forward on plans to redevelop the 1,126-acre U.S. Army base that is scheduled to close in September, after assessments and recommendations were made recently by a consulting firm. The three-part overview addressed necessary planning, engineering, architectural and environmental consulting services; environmental status and a business ...

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Triple Five acquires ESPN parcel for American Dream project

Triple Five, the developer of American Dream, formerly Xanadu, said it has acquired a parcel at the Meadowlands Sports complex; currently the site of three nonoperational radio towers, the land will be the future location of the indoor amusement and water parks that the Canadian conglomerate has proposed for its project. The parcel, which was ...

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