New Jersey

Clouds Over Downtown Newark’s Revival

NEWARK-Gateway Center landlords are protesting Prudential’s plans for a new office tower, while a new report ranks the metro area among the nation’s most expensive for corporate tenants.

Glimcher to Upgrade Two Outlet Malls Under New Brand

NEWARK-Columbus-based Glimcher Realty Trust is planning to revamp two outlet malls as it rebrands them.

Mirante to Make First Avison Appearance at RealShare NJ Breakfast

NEWARK-Fresh off his new move to Avison Young, the industry veteran will deliver the keynote address at the RealShare New Jersey Breakfast Series on June 5 at the Newark Club.

M&M: Apt. Rents To Keep Rising, Vacancy Rates Falling in 2012

ELMWOOD PARK, NJ-Demand surge for rentals will counteract impact of 2,400 new units coming online.

Brunelli: Triple-Net-Lease Retail is "Highly Desirable" Now

OLD BRIDGE, NJ-Speaking to GlobeSt.com from the ICSC RECon conference in Las Vegas, Richard Brunelli tells GlobeSt.com's Antoinette Martin that demand is strong from freestanding retail space users.

More than 75,000 SF Leased at Headquarters Plaza

MORRISTOWN, NJ-Nine companies have signed, renewed or expanded as building improvements continue in historic downtown Morristown.

Livingston Town Center Changes Hands, Bought By Onyx Equities

LIVINGSTON, NJ-The 6-year-old mixed-use Livingston Town Center, where retail business has struggled in the past few years, has been purchased by Onyx Equities through its Phalanx Fund II, in partnership with Lubert Adler.

Weiss Realty Brokers Sale of West New York Medical Office Building

WEST NEW YORK, NJ-A private investor has bought out the fully occupied office. Outside of Hudson County, Weiss has also scored two retail deals in Bergen.

EXCLUSIVE
First Group of Harrison Station Rentals Are Fully Leased

HARRISON, NJ-Concessions at the 275-unit complex have been dropped after six months, GlobeSt.com has learned exclusively.

CBRE Completes Two Deals for 25,000 SF at Clinton Complex

CLINTON, NJ-CBRE’s John Goodwin and Patricia Reidel represented Crown Properties, the owner of the 280,000- square-foot Class A site.

Panasonic Chief Named "Smart Growth Visionary" For Choosing Newark

TRENTON-The 25-year-old organization is to honor Taylor, and seven Smart Growth Award-winning projects and plans at a June 7 dinner at the Newark Club.

From the May 2012 Issue of Real Estate Forum
Tenants Take a Break From the Suburbs

The downturn hit New Jersey hard across all markets. But the recovery is lifting the urban office markets a bit higher and faster than the suburban campuses the state’s known for.

Allergan Inc. Signs for 93,000 SF in Somerset Corporate Center II

BRIDGEWATER, NJ-The global health care company is expanding its East Coast presence, and will inject as much as $12 million of private investment into the state’s economy.

RJ Brunelli Brokers Land Sale for New Whole Foods-Anchored Center

MARLBORO TOWNSHIP, NJ- The planned 100,000-square-foot retail center called Marlboro Commons is 60% pre-leased.

Solar Energy Production Starts Above Fiber-Optic Production

HAMILTON, NJ-Solis Partners has installed a 198-kilowatt rooftop solar photovoltaic system at Princetel’s manufacturing facility, formerly a brownfield site.

HFF Arranges $14M Refi for Claremont Corporate Center

SUMMIT, NJ-The fully-occupied property was built incorporating the 100-year-old Risk Mansion into its core.

RXR Completes Class A Lease With Aon

MORRISTOWN, NJ-The reinsurance brokerage, which has more than 61,000 employees, will occupy 31,000 square feet at the building.

Telx Breaks Ground on $200M 'Cloud' Connection Center

CLIFTON, NJ-The 215,000-square-foot center, Telx's third in New Jersey, will house computer-networked data management in customized spaces.

Onyx Acquires Woodbridge Retail Center Near HQ

WOODBRIDGE, NJ-The new owner of Woodbridge Crossing has hired SRS to fill vacancies; Burlington Coat Factory has already committed.

C&W Finds a Trophy HQ in Parsippany

PARSIPPANY, NJ-Trophy manufacturer Freeman Products Worldwide will expand to 44,000 square feet in a relocation from Elmwood Park in Bergen County.

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LAST WEEK'S POLL

Penner, Mirante, D'Arcy . . . High-Level Resignations Mean . . .

GlobeSt.com Viewers See More C-Suite Turnover
NEW YORK CITY-Nearly two-thirds of respondents to a GlobeSt.com poll said recent high-level resignations either portend more to come or prove that the industry needs to work on succession planning.

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Events

Register now for RealShare ORANGE COUNTY 2012--the leading real estate networking conference for the local commercial real estate market!
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Featured Event
RealShare STUDENT HOUSING


We've gathered 50 of the biggest players in the Student Housing community to discuss the latest trends of the industry: everything from marketing and leasing to what industry leaders have to say to debt and equity to investment sales opportunities.
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Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
November 23, 2011
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.

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User's Choice

Dalian Wanda Takes AMC Theaters for $2.6B

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.