Regions Northeast | New Jersey
Weichert Commercial Completes Sale of 64,000-SF New Jersey Warehouse
Jan. 08, 2009
Weichert Commercial Brokerage Inc. has completed the sales transaction of a 64,000-square-foot warehouse situated on 1.93 acres located at 225 Scotland Road in Orange, N.J.  Weichert Commercial worked on behalf of both the seller and buyer.
Pantheon Signs Pair of Tenants in New Jersey
Dec. 31, 2008
Pantheon Properties has signed on two long-term tenants for more than 42,000 square feet at their Newark and Secaucus, N.J., industrial properties.
Developers Break Ground on $210M Residential, Retail Project in Jersey City
Dec. 17, 2008
Construction has begun on a $210 million development in Jersey City, N.J., that will feature two 47-story towers with a total of 524 rental apartments and 11,000 square feet of ground-floor retail space. Monaco Towers, developed jointly by Roseland Properties of Short Hills, N.J., and Garden State Developers of Jersey City, had originally been planned as a condominium property but will now offer rental apartments.
AG Net Lease Completes $34M Sale-Leaseback
Dec. 16, 2008
AG Net Lease, the net lease arm of  Angelo, Gordon & Co., has acquired five of Consolidated Container Co.’s, manufacturing and distribution facilities located in three states for $34.3 million. 
Capmark Secures $60M in Financing for New Jersey Storage Facilities
Dec. 15, 2008
Capmark Finance Inc. arranged $60 million in floating-rate financing for dry and cold storage facilities located at the Port Carteret Industrial Complex in Carteret, N.J.
SK Properties Secures $170M in Construction Financing for New Jersey M-F Portfolio  
Dec. 11, 2008
SK Properties has secured more than $170 million in construction financing for three multi-family properties in New Jersey and Pennsylvania.
David B. Keller Holliday Fenoglio Seals Deal for Redevelopment of GM Plant in New Jersey
Dec. 10, 2008
The Indianapolis office of Holliday Fenoglio Fowler arranged $70 million in financing for Duke Realty Corp. to redevelop a former General Motors manufacturing plant in Linden, N.J. The redevelopment project will receive a two-year adjustable rate loan with HSBC Bank USA, with  US Bank and The Private Bank as participants.
SL Green, Gramercy Venture to Sell N.J. Office Interest for $230M
Dec. 08, 2008
SL Green Realty Corp. and Gramercy Capital Corp. have announced an agreement to sell their interests in a three-building, 670,000-square-foot property in Bridgewater, N.J., for $230 million.
Matrix Takes 82-Acre New Jersey Site
Nov. 26, 2008
Matrix Development Group has acquired an 82-acre site in New Jersey that includes a total of some 342,000 square feet across 13 office and labratory buildings. The site has 2,000 feet of frontage on the New Jersey Turnpike near exit 8A.
Thomson Expands Princeton Lease
Nov. 25, 2008
Mack-Cali Realty Corp. said today that Thomson Inc. has extended the term of its existing 62,500-square-foot lease at 2 Independence Way at Princeton Corporate Center in Princeton, N. J.  In addition, the company has agreed to lease the building’s remaining 4,800 square feet.
ING Clarion Signs 62,000-SF Lease Expansion with Hudson Group in New Jersey
Nov. 11, 2008
ING Clarion Partners L.L.C., the North American investment management division of ING Real Estate, has leased 62,000 square feet at Metropolitan Center to travel retailer Hudson Group.
Brownfield Cleanup Completed, New Jersey Mixed-Use Moves Forward
Nov. 11, 2008
Environmental remediation has been completed on the 132-acre Riverbend District, formerly known as Harrison MetroCentre, in Harrison, N.J., which will allow owner-developer Advance Realty Group to move forward with construction of infrastructure such as roads and utilities.
ProLogis Signs 7 Lease Agreements in New Jersey
Nov. 04, 2008
ProLogis has signed seven new lease agreements in New Jersey representing a total of approximately 490,600 square feet during the third quarter of 2008.
sohmer Lease Renewals Strong in Otherwise Uncertain New Jersey Office Sector
Nov. 03, 2008
The Northern/Central New Jersey office market experienced strong lease renewal activity during this year’s third quarter as tenants opt to stay in place in the midst of turbulent economic times, according to a report by CB Richard Ellis Inc.
Grosvenor Affiliate Lands Mortgage for 260,000SF New Jersey Office
Oct. 17, 2008
The New York office of Holliday Fenoglio Fowler L.P. has secured a $25 million mortgage on behalf of an affiliate of Grosvenor Investment Management for Rockaway 80, a 260,000-square-foot, Class A office building in Rockaway, N.J.
100 campus dr KBS Completes Largest-Ever New Jersey Office Deal
Oct. 16, 2008
KBS Real Estate Investment Trust II has scooped up the remaining four office buildings at Park Avenue at Morris County--a Class A, six-building complex located at the Columbia Turnpike exit of Route 24 in New Jersey’s Essex/Eastern Morris County submarket.
Atlantic City Issues RFP to Develop 150-Acre Site
Oct. 16, 2008
Atlantic City has issued a request for proposals for the development of Bader Field, a 150-acre former municipal airport. The site, the city states, is the premier gaming and resort development parcel in North America.
$20M Financing Deal in Place for Atlantic City Retail Property
Oct. 10, 2008
Financing to the tune of $20 million has closed for English Creek Shopping Center, a 200,000-square-foot retail destination just seven miles from of Atlantic City, N.J. Acting on behalf of the borrower, David Cronheim Mortgage Corp. orchestrated the financing, which came in the form of a 10-year interest-only loan.
Ground Breaks on Aloft Hotel in New Jersey
Sept. 22, 2008
Ground has broken on a 154-room hotel in Mount Laurel, N.J., that will carry Starwood Hotels & Resorts Worldwide Inc.'s new Aloft lifestyle flag.
KBS Takes Office Buildings at Park Avenue at Morris County in New Jersey
Sept. 12, 2008
KBS Real Estate Investment Trust II has acquired two of the six office buildings at Park Avenue at Morris County, a commercial office complex in Florham Park, N.J., in the Essex/Eastern Morris County submarket.
Liberty Plaza Newark $150M Newark Mixed-Use Project Moves Forward
Sept. 10, 2008
Plans are underway for the development of Liberty Plaza, Newark, N.J.’s first Class A office and mixed-use project in 15 years, which will feature a 430,000-square-foot, 22-story office and retail tower in Phase I.
Financing Closes for New Jersey Retail/Office Center
Sept. 05, 2008
The 185,000-square-foot office and retail property at 2143 State Route 35 in Holmdel, N.J., has been financed to the tune of $17.4 million.
$25M Loan in Place for 276,000-SF Jersey Office Portfolio
Aug. 29, 2008
A joint venture involving Ivy Equities and Urdang Capital Management has gotten its hands on nearly $25.2 million in financing for a group of four office buildings in Parsippany, N.J.
The Orbach Group Acquires Miry Run Apartments in New Jersey
Aug. 19, 2008
The Orbach Group has purchased the Miry Run Apartments, a nine-building complex housing 144 units.  The  acquisition is the second Hamilton, N.J. property in the company’s portfolio, joining Victoria Apartments, bringing the Hamilton total to 460 units.
Freddie Mac Program Paves Way for $38M Refi of New Jersey Apartment Property
Aug. 15, 2008
A refinancing deal valued at $38.7 million has closed for Hunters Chase Apartments, a 360-unit multifamily community in Evesham, N.J.
 

Keeping Commercial Building Construction Developments Current


Commercial development in New Jersey is incredibly active. There is seemingly always new commercial office space being built or older buildings being renovated in the Garden State. New Jersey commercial building construction has never been more prominent and its full coverage can be found at Commercial Property News online.
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