Real Estate

Nov 1, 2011

As architecture work slows, firms heading back to schools

For Ikon5 Architects, of Princeton, about 70 percent of the company's work comes from higher education — a segment of the business that has remained fairly consistent, even during economic slowdowns.

Oct 31, 2011

Mack-Cali leases 1.2M square feet in third quarter

Mack-Cali Realty Corp. announced today it leased more than 1.2 million square feet of space during the third quarter, with 782,864 of that space in northern and central New Jersey.

Oct 31, 2011

Laying the foundation

One of the key principles in Gov. Chris Christie's plan to encourage job growth and economic investment in the state is the importance of working in concert with the private sector to chart a sensible course toward growth.

Oct 27, 2011

Panelists say N.J. real estate sector making steady progress

New Jersey's real estate sector is recovering from the recession, and should continue to see slow and steady progress in the years ahead, according to a panel discussion this morning at the New Jersey State of the State 2011 conference of the Council on State Public Affairs, at the Palace at Somerset Park.

Oct 26, 2011

N.J. home sales flat as U.S. data show improvement

Sales of new single-family homes in September were up 5.7 percent from August, but 0.9 percent lower than September 2010 sales, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development.

Oct 26, 2011

Bound Brook awards Capodagli rights to transit-oriented development

The borough of Bound Brook is not wasting any time moving forward with redevelopment plans as the Green Brook Flood Control Project nears completion.

Oct 24, 2011

Housing refinance changes aimed at preventing defaults, foreclosures

With mortgage interest rates at historic lows, the program allows so-called "underwater" borrowers to secure better rates while paying less in the refinancing process. It applies to homeowners who are current with their mortgage payments, with no late payments in the last six months and no more than one in the past year.

Oct 21, 2011

Bayer picks Whippany, will consolidate operations at former Alcatel-Lucent site

About 2,500 Bayer HealthCare employees could begin to move as soon as 2013 to the former Alcatel-Lucent campus in Hanover, which the pharmaceutical maker has picked as the site of its new East Coast headquarters, a company spokeswoman said.

Oct 19, 2011

Court deals setback to Christie administration’s COAH plan

The back-and-forth between affordable-housing advocates and the Chris Christie administration continued in the courts Tuesday, when the Appellate Division of Superior Court blocked the "interim procedures" set forth by the Department of Community Affairs.

Oct 19, 2011

Commercial real estate veteran’s new firm brings charity to the deal

The commercial real estate industry has been good to James Costanzo. The 25-year veteran enjoys what he does and has built up a solid clientele. But Costanzo said he was frustrated by not having the tools to help friends and family struggling with cancer and other life-threatening diseases.

Oct 17, 2011

Despite market weakness, some office tenants benefiting from sublease options

Subleasing is having a significant impact on New Jersey's office market, allowing tenants to leverage the prospect of lower rental rates and shorter terms into better deals with direct landlords, according to a new report by a tenant represenation firm.

Oct 13, 2011

EDA chief blasts watchdog group’s report as ‘fundamentally faulty’

In a letter, the head of the state's Economic Development Authority lashed out at a public watchdog over a report Caren S. Franzini said is "founded on fundamentally faulty research."