News

Temares has also resigned as a member of the board of directors of the Union, NJ-based domestics and home furnishings retailer. He had served as CEO of the company since 2003.

Broadrange Logistics has concentrated its efforts on its warehousing, distribution and reverse logistics capabilities.

HFF closed the sale and arranged $126.9 million financing for the new owners.

The office buildings – called Two Vintage Park and Three Vintage Park – total 166,264 rentable square feet on 12.05 acres.

A 17-year veteran of the commercial real estate industry, Lies joined Gazit Horizons at its inception in 2017, most recently serving as senior vice president.

Wage tax collections have steadily increased by 2.5% per year and have not been affected by the PBT, for 24 industries potentially affected by the tax, including supermarkets.

The Ira Group's target market includes individuals with past lending experience, as well as newcomers to commercial real estate lending. The new company will be engaged in opportunities extending across a full spectrum of risk and return.

Cross River Bank, which had been considering relocating its headquarters to a facility in Orangeburg, NY, did receive a Grow NJ grant in connection with the purchase.