Real Estate

Mar 15, 2006

Retail Vacancy Rate in Central Jersey Falls

An R.J. Brunelli survey finds retail vacancy rates in central N.J. fell to the lowest level in 10 years.

Mar 15, 2006

Northern N.J. Among Country’s Top RE Markets

Realtors group reports improving demand for commercial real estate across the country.

Mar 10, 2006

Retail-Space Vacancy Rose to 3 in 2005 in North Jersey

Survey shows slight increase in available property along six highways.

Mar 8, 2006

Kaplan Cos. Secures 23.6 Million Financing for Luxury Complex

GMAC Commercial Mortgage is providing the fixed-rate, long-term financing for a luxury development in Sayreville.

Mar 2, 2006

Glenborough Buys Chatham Executive Center in North Jersey

The CEO of the REIT said his company continues to redeploy capital from the Midwest market.

Mar 2, 2006

Mack-Cali Wraps Up 161.7 Million Maryland Office Complex Deal

To finance the deal, Mack-Cali assumed some $63.2 million of mortgage debt, issued common operating-partnership units and paid the balance in cash.

Feb 27, 2006

Wilshire Enterprises Accused of Conflicts of Interest

Mercury Real Estate Advisors of Connecticut expresses "serious concerns over the strategic direction and value destroyed by management of Wilshire Enterprises.”

Feb 24, 2006

Unhappy Homes

Biz Briefs

Feb 16, 2006

Mack-Cali to Cement Dominant Market Position with Big Deal

The planned purchase of Gale Real Estate plus interests in large Jersey office portfolios are to total about $545 million.

Feb 10, 2006

Vornado Refinances Manhattan Property for 353 Million

The REIT said it realized net proceeds of about $176.3 million after repaying its existing loan and remitting closing costs.

Feb 10, 2006

NJBIZ Exclusive Mack-Cali Realty Close to Buying Bellemead Portfolio

The Bellemead portfolio comprises 4.2 million sq. ft. across 29 buildings, but Mack-Cali is apparently not buying the entire collection.

Feb 10, 2006

Lifes a Beach for Builder

With the Super Bowl behind it, Walters Group sales are hot again in southern Ocean County