Real Estate

May 4, 2011

‘Much more sophisticated feel’ promised for American Dream

Canadian conglomerate Triple Five owns and operates the two largest malls in North America — the West Edmonton Mall in Canada and the Mall of America in Minneapolis — but the company is now seeking to outdo its previous efforts by building what would be the largest shopping center in the world, the American Dream […]

May 3, 2011

Triple Five American Dream will be ‘major tourism destination’

As American Dream Meadowlands, the project formerly known as Xanadu will not only be one of the largest entertainment and retail complexes in North America, but also a major tourism destination, its new redeveloper announced Tuesday. “This will be a tourism project in a major way,” said Nader Ghermezian, chairman of Triple Five at a […]

May 2, 2011

N.J. lacks enough affordable rental housing, study finds

New Jersey has a severe shortage of affordable rental housing, according to Out of Reach 2011, a national study released Monday that found an estimated 61 percent of New Jerseyans can’t afford to rent a two-bedroom unit. A household needs to earn $24.54 an hour to cover rent and utilities for the average two-bedroom unit […]

May 2, 2011

Boston Properties OKs sale of major Princeton portfolio

The portfolio — which encompasses 16 office properties and a day-care center totaling more than 2 million square feet — accounts for most of the office assets on the 560-acre mixed-use Carnegie Center campus, according to the Boston-based real estate investment trust; three other office buildings totaling 350,000 square feet are owned by others, including […]

Apr 29, 2011

Broker Stronger North Jersey industrial market boosts 8A, 7A submarkets

The outlook is getting brighter for the New Jersey industrial market, with weaker submarkets to the south benefiting from increased activity in the northern part of the state, according to one top industrial broker.

Apr 25, 2011

Series of five deals help fill Parsippany office building

The Parsippany Commerce Center, on Route 10 in the township, announced it secured three new leases and extended two existing leases to secure 100 percent occupancy.

Apr 21, 2011

Deals and Moves April 21

Cushman & Wakefield named to Wayne project; new CEO for mapping firm; Matawan company faces takeover.

Apr 20, 2011

Denholtz reports 71 N.J. lease signings in first quarter

Denholtz Associates, in Matawan, turned in a good first quarter of 2011 in commercial real estate leasing in New Jersey.

Apr 14, 2011

Expert Report indicating fall in N.J. foreclosures ‘out of pattern with what we’ve been seeing’

RealtyTrac, of Irvine, Calif., released its first-quarter foreclosure report Thursday, with findings that foreclosure actions across the country, and in New Jersey, have declined. But according to a local real estate expert, these findings are not indicative of what is really happening in the housing market.

Apr 14, 2011

Christie ally becomes Sports Authority board chair as deadline on racetrack nears

Gov. Chris Christie now has an ally heading the New Jersey Sports and Exposition Authority, as former U.S. Rep. Michael Ferguson joined the agency board for his first meeting as chairman Thursday.

Apr 14, 2011

Gural ‘nervous’ over racetrack vote as deadline looms

As two unions head to the Meadowlands Racetrack today to vote on his proposal to take over the venue, New York real estate executive Jeffrey R. Gural said he was uncertain of the outcome.

Apr 14, 2011

Jersey City buildings’ sale sets N.J. commercial real estate record

A new standard has been set in New Jersey for top-of-the-line commercial real estate.