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CLIENT NEWS CLIPS

Commercial Real Estate

Panel: Redevelopment Coming in All Shapes and Sizes in Bergen County
From downtown Fort Lee to the idyllic suburbs of Montvale and Park Ridge, Bergen County has become a focal point for New Jersey’s evolving commercial real estate landscape.
Real Estate NJ, July 25, 2017, Alfred Sanzari Enterprises

Office Market’s Modern Day ‘Space Race’
It was 1969, the year of America’s first moon landing. At that very same time, my father began commuting from Long Valley, New Jersey, to New York City via Gladstone Station.
New Jersey Business Magazine, July 24, 2017, Mountain Development Corp.

Castle Lanterra Properties Buys Loftin Place in West Palm Beach for $63.5M
New York-based Castle Lanterra Properties just paid $63.5 million for the 259-unit Loftin Place apartment community in West Palm Beach, marking its first acquisition in Florida.
The Real Deal, July 20, 2017, Castle Lanterra Properties

Gottesman, Mountain Development Name Leasing Team for West Windsor Office Sites
The owners of a two-year-old office building and an adjacent development site in West Windsor have tapped Mercer Oak Realty LLC to oversee leasing for the properties, the firms announced. Gottesman Real Estate Partners and Mountain Development Corp. said Mercer Oak are seeking tenants for 21 Roszel Road, a three-story, 62,500-square-foot building with about 5,100 square feet of available space.
Real Estate NJ, July 19, 2017, Mountain Development Corp.

It’s Time to Address a Critical Need: Infrastructure Investment
A belated Happy Birthday to planet Earth, which just turned about 4.5 billion years old. It’s rather humbling to realize that the human race has only been around a few moments by comparison. New Jerseyans, who inhabit one of the oldest, most urban and environmentally challenged states in the nation, sometimes lose track of how much influence we have on our environment.
Real Estate NJ, June 15, 2017, NAIOP New Jersey

Walters Group Completes First Phase of 118-Unit Affordable Housing Development in New Jersey
Walters Group has completed the first phase of Cornerstone at Lacey, a 118-unit income-restricted housing development located in Forked River. Designed to achieve LEED and Energy Star status, the first phase of the development comprises 70 units in nine buildings.
REBusinessOnline, June 12, 2017, Walters Group

Wilcox Touts $19 Million in Financing for Morristown Office Building Acquisition
G.S. Wilcox & Co. has arranged a $19 million loan for a developer’s recent acquisition of a well-known office building in downtown Morristown, the mortgage banking firm said Thursday.
Real Estate NJ, June 9, 2017, Vision Real Estate Partners

Experts Talk Retail at NAIOP NJ Chapter Meeting
Food, fitness, ICSC 2017 and, of course, millennials were the themes of the New Jersey chapter meeting of the National Association of Industrial and Office Properties on Tuesday.
NJBIZ, June 7, 2017, Colliers International, Cushman & Wakefield, NAIOP New Jersey

Barclays Buys Revamped Office Complex in North Jersey
A joint venture that revamped a bland New Jersey office campus into a modern complex with an amenity building, a bike-share service and walking trails has sold the property to Barclays PLC. The venture of Rubenstein Partners L.P. and Vision Real Estate Partners closed the $69 million sale to banking giant Barclays, a tenant at The Crossings at Jefferson Park campus, at the end of May.
The Wall Street Journal, June 4, 2017, Vision Real Estate Partners

Berger’s Rehab Project Looks to Tap Into Newark’s Growing Hotel Market
As Miles Berger knows all too well, transit access and proximity to Manhattan have been longtime drivers of Newark’s office market. He also knows that those benefits play a major role in the city’s lesser-known tourism sector.
Real Estate NJ, June 1, 2017, The Berger Organization

Smart Rooms Just Got Brighter
For over three decades, The Allied Group has supported the renovation initiatives of local and national brands, with a rich history in the hospitality sector and a portfolio of distinctive projects including leading hotels, resorts and restaurants across the United States.
Lodging News, June/July 2017, The Allied Group

Mane USA Buys a Headquarters in Parsippany
Mane USA, a worldwide leader in fragrance and flavor, has bought 339 Jefferson Rd. in Parsippany, NY. The French company will use 70,000 square feet at the 102,000-square-foot property as its U.S. headquarters. The remaining 28,000 square feet are occupied by Hollister Construction and Ascend Laboratories. The seller, Prism Capital Partners, bought the property in 2013, planning to renovate what had been a single-tenant property to allow it to house multiple tenants.
Connect Media, May 30, 2017, Prism Capital Partners

NAIOP Gala Honors Projects and CRE Leaders of Past and Present
Before thanking a long list of executives, attorneys and others who are behind one of New Jersey’s largest redevelopment projects, Eugene Diaz made mention of the company that gave rise to the opportunity in the first place. The company, Hoffman LaRoche, made certain to do the right thing after delivering some rather sobering news to the communities of Nutley and Clifton.
Real Estate NJ, May 12, 2017, NAIOP New Jersey, Prism Capital Partners

IOREBA Developers Upbeat on State of the Market
The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) welcomed more than 350 guests at its 25th annual Developers Night recently, where a panel of commercial real estate professionals discussed the changing real estate landscape in New Jersey.
Real Estate Weekly, May 12, 2017, Vision Real Estate Partners

Vision Real Estate Partners Sets the Stage for a Productive 2017
Strategic first-quarter acquisition and leasing plays marked a busy start of the year for Vision Real Estate Partners. The Mountain Lakes-based company has made substantial commitments toward sustaining its progress as one of the state’s most active full-service owner/operators.
CityBizList.com, May 11, 2017, Vision Real Estate Partners

A Look Into Newark’s Future
Newark is transforming, with pioneering projects revitalizing the riverfront, downtown and other areas of the city. Overall, $2.4B of investment is powering these changes, according to Newark Community Economic Development Corp. chief real estate officer Carmelo Garcia.
Bisnow, May 10, 2017, The Berger Organization

Top 30 Accounting Firm Relocates to High-Tech Office in Whippany
WithumSmith+Brown, PC (Withum) a leading certified public accounting and consulting firm, has completed the relocation of over 125 employees from its Morristown-based office to 200 Jefferson Park, Suite 400, in Whippany.
New Jersey Business Magazine, May 8, 2017, Vision Real Estate Partners

Cushman & Wakefield to Lease Former La Roche Campus
After rebranding and redeveloping the former Hoffmann-La Roche North American headquarters campus as ON3, Prism Capital Partners gave the green light for leasing the two office buildings in Clifton, N.J.
Commercial Property Executive, May 8, 2017, Cushman & Wakefield, Prism Capital Partners

Ripco RE to Handle Leasing at Shops at Edison Village
Bloomfield-based Prism Capital Partners has recently announced it selected Ripco Real Estate to handle retail leasing for the Shops at Edison Village, a mixed-use development under construction in West Orange.
NJBIZ, May 4, 2017, Prism Capital Partners

Berger Organization Acquires Iconic Office Tower in Newark, N.J.
Berger Organization, a diversified real estate company based in Newark, N.J. has announced its acquisition of 33 Washington Street, a 450,000-square-foot, 18-story office tower located in downtown Newark. The property was built for Horizon Blue Cross/Blue Shield and is now multi-tenanted by leading companies.
Mann Report, May 1, 2017, The Berger Organization

Prism Capital Partners Sells BroadAcres Office Park in Bloomfield, N.J., to P3RE Properties
Prism Capital Partners and an institutional partner have sold the landmark, 380,000-square-foot BroadAcres Office Park in Bloomfield to P3RE. Cushman & Wakefield’s Metropolitan Area Capital Markets Group orchestrated the off-market trade, which closed in March.
Mann Report, May 1, 2017, Cushman & Wakefield, Prism Capital Partners

Trump Trade Policy Could Alter Industrial Real Estate Markets, Says Report
President Donald Trump’s focus on curbing the trade deficit by bolstering U.S. exports and reducing imports could drive policy changes that may alter industrial real estate markets throughout the U.S., Cushman & Wakefield reported in logistics and industrial research briefing released recently.
Supply Chain Management Review, April 20, 2017, Cushman & Wakefield

Green Hospitality: Sustainability Becoming Watchword Among Hotels as They Discard Old Materials
The hospitality industry’s conventional answer to the endless waste that came from updating its facilities — the sheer volume of furniture in hundreds of hotel rooms, the thousands of square feet of carpeting and wall materials — wasn’t what one might call eco-friendly. It all went to the landfill.
NJBIZ, April 17, 2017, The Allied Group

Long Overdue Liquor License Reform Would Drive Economic Development
Many New Jersey towns are struggling to reinvent themselves. Savvy mayors know they must offer safe and affordable places to live and access to transit, recreation and cultural, dining and drinking establishments in order to attract the younger demographic that is critical to their survival.
Real Estate NJ, April 17, 2017, NAIOP New Jersey

How Will Industrial Sector be Impacted by Trump Trade Policy?
New White House policy changes aimed at curbing the trade deficit by bolstering U.S. exports and reducing imports could impact industrial real estate markets across the U.S. A report by Cushman & Wakefield concludes that a trade war with China or U.S. withdrawal from NAFTA remain unlikely.
Connect Media, April 13, 2017, Cushman & Wakefield

Berger Acquires Iconic 33 Washington Street Office Tower in Newark, NJ
33 Washington Street is in the James Street Commons Historic District, which is on the National Register of Historic Places.
GlobeSt.com, March 20, 2017, The Berger Organization

Property Watch: N.J. Office Campus Fetches $26 Million
Mack-Cali Realty Corp. has purchased a 17-acre campus of three office buildings in Red Bank, N.J. Mack-Cali paid $26 million for the buildings sold by M. Alfieri Co., said Andrew Merin, who led the Cushman & Wakefield team that arranged the sale.
The Wall Street Journal, February 12, 2017, Cushman & Wakefield

C&W Inks Three Industrial Sales in Northern, Central NJ
Five industrial buildings in Newark, Linden and Edison have changed hands in a series of deals arranged by Cushman & Wakefield, the firm said Thursday.
Real Estate NJ, February 9, 2017, Cushman & Wakefield

Colliers International Turns Union Station Corporate Center into Hub of Leasing Activity
Colliers International Group Inc. was awarded the contract to lease the former Liberty Hall II in 2016, and in less than a year they successfully repositioned the 147,000-square-foot Class A office property by bringing in more than 50,000 square feet of new leases.
New Jersey Business, February 2, 2017, Colliers International Group

Vision Real Estate Partners Acquires 610,000 SF Office Portfolio in Roseland, New Jersey
Vision Real Estate Partners has purchased a three-building office portfolio, located at 101, 103 and 105 Eisenhower Parkway in Roseland. Mack-Cali Realty Corp. sold the portfolio for an undisclosed price. The buyer plans to rebrand and renovate the 610,000-square-foot portfolio, which is situated on 51 acres.
REBusinessOnline.com, January 30, 2017, Vision Real Estate Partners

Makin Money with Central Jersey Commercial Real Estate
Alfred Sanzari Enterprises has bolstered its residential portfolio with the acquisition of Greenway Village, a newly constructed 49-unit apartment complex in Metuchen.
MyCentralJersey.com, January 27, 2017, Alfred Sanzari Enterprises

U.S. Industrial Markets Maintained Record Pace in 2016
Cushman & Wakefield announced today that U.S. industrial markets absorbed 63.6 million square feet (MSF) of space in the final quarter of 2016, which propelled net absorption for the year to a record-setting 282.9 MSF. The current industrial expansion is one for the record book.
DC Velocity, January 25, 2017, Cushman & Wakefield

New Year, New Leadership, New Challenges
The political events of 2016 have ushered in a New Year that will be marked by dramatic change at both the federal and state levels.
Real Estate NJ, January 1, 2017, NAIOP New Jersey

Cushman & Wakefield Arranges Recapitalization for Eastman Companies’ Office Asset in Livingston
Livingston-based Cushman & Wakefield’s Metropolitan Area Capital Markets Group has recapitalized the institutional partnership at Eisenhower Corporate Campus in Livingston, in a multi-million dollar transaction.
New Jersey Business, December 28, 2016, Cushman & Wakefield, Eastman Companies

NAIOP New Jersey: Transportation and Logistics are Keys to Growing State’s Economy
New Jersey’s economic growth hinges on the successful implementation of transportation and logistics initiatives designed to meet the demands of a rapidly changing world. That was the message from industry experts at NAIOP New Jersey’s Annual Transportation and Logistics Update, held at the NYSA Training Center in Elizabeth.
New Jersey Business, December 20, 2016, NAIOP New Jersey

NJ Real Estate Execs are Watching These Top Trends in 2017
Repositioning Existing Assets To Find New Relevance: Many property owners are reassessing existing assets, as well as launching acquisition and due diligence studies, with the goal of repositioning sites and buildings for new and/or alternative uses. Kimmerle Group examines these assets, their zoning status, and the range of achievable entitlements in order to expand and enhance them, George says.
Bisnow New Jersey, December 14, 2016, Kimmerle Group

NJ Real Estate Execs are Watching These Top Trends in 2017
As New Jersey rings in 2017, commercial real estate is poised for another year of strong activity. We asked executives what top three trends will impact their business after the ball drops. Here’s what they’re watching: Rising Interest Rates: Since the election, the 10-year Treasury rate has risen by more than 150% and Libor has increased more than 125%. Everyone has to adjust to new and increasing borrowing costs, Eugene says.
Bisnow New Jersey, December 14, 2016, Prism Capital Partners

NAIOP New Jersey Honors Leaders at 2016 President’s Awards and Hall of Fame Dinner
NAIOP New Jersey recently honored nine members for their outstanding leadership, advocacy and career accomplishments at the Chapter’s Annual President’s Awards and Hall of Fame Dinner. The 2016 nominees to the commercial real estate development association’s Hall of Fame were also inducted during the event, which was held at the Short Hills Hilton.
Mid Atlantic Real Estate Journal, December 9, 2016, NAIOP New Jersey

NAIOP Panel: Transport Infrastructure Changes Are Racing to Meet Rapidly Changing Demand
The Port of New York and New Jersey is the largest port on the East Coast, with some 6.4 million TEUs (twenty-foot equivalent units, a standard cargo measurement) handled in 2015, according to Anne Strauss-Wieder, director of freight planning of the North Jersey Transportation Planning Association.
GlobeSt.com, December 7, 2016, NAIOP New Jersey

Sanzari Acquires Metuchen Rental Complex
Alfred Sanzari Enterprises has acquired a newly built 49-unit apartment complex in Metuchen, expanding the company’s reach in the central New Jersey residential market.
Real Estate NJ, December 4, 2016, Alfred Sanzari Enterprises

Connell Foley Moving Headquarters to Newly Redesigned Space
With an eye towards future growth, Connell Foley announced Monday it would be relocating its New Jersey headquarters just down the road from its current office to 56 Livingston Ave. in Roseland, where it plans on creating a new, collaborative law firm space.
New Jersey Law Journal, November 28, 2016, Mountain Development

Sanzari: Four New Tenants Join Teaneck Campus
A security solutions firm has leased 13,000 square feet at Glenpointe in Teaneck, one of four leases announced last week by landlord Alfred Sanzari Enterprises. The firm, Hanwha Techwin America, relocated from nearby Ridgefield Park to occupy the space at Glenpointe Centre West.
Real Estate NJ, November 27, 2016, Alfred Sanzari Enterprises

Energy Upgrades Underway at Marriott at Glenpointe in Teaneck, NJ
A multimillion-dollar energy infrastructure upgrade is underway at the Marriott at Glenpointe hotel in Teaneck. Located at 100 Frank W. Burr Blvd., the hotel is part of the landmark Glenpointe complex, one of northern New Jersey’s foremost mixed-use developments. Glenpointe was developed and is owned by Alfred Sanzari Enterprises of Hackensack. Alfred Sanzari Enterprises is participating in the New Jersey Clean Energy Program’s (NJCEP) Pay for Performance (P4P) program.
Mid Atlantic Real Estate Journal, November 21, 2016, Alfred Sanzari Enterprises

New Jersey Mayor Discuss Capital Investment, Job Creation Policies
The mayors of four diverse towns in New Jersey discussed key drivers of the economic successes that are transforming their communities during NAIOP New Jersey’s “Obstacles into Opportunities” forum.
Real Estate Weekly Online, November 18, 2016, NAIOP New Jersey

Vision’s Biggest Lessons from 67 Whippany Road
Culminating a five and a half year initiative of successfully repurposing and redeveloping 67 Whippany Road in Hanover, Vision Real Estate Partners and Rubenstein Partners recently sold the remaining 14-acre parcel and building to Salus Government Properties for $95M.
Bisnow, November 16, 2016, Vision Real Estate Partners 

How Regulations Are Changing Food Manufacturing and What That Means for Industrial Properties
Food and beverage manufacturers are experiencing big changes as the new Food Safety Modernization Act regulations take effect, and Cushman & Wakefield’s Jason Tolliver said the new rules will likely have two direct impacts on commercial real estate.
Bisnow.com, November 15, 2016, Cushman & Wakefield

NAIOP New Jersey Honors Some of Real Estate Industry’s Finest at Awards Dinner
NAIOP New Jersey, the state chapter of the national developers’ trade association, honored a number of big names in New Jersey real estate community at its annual President’s Awards and Hall of Fame Dinner, held last week at the Short Hills Hilton.
NJBIZ, November 14, 2016, NAIOP New Jersey

STAG Industrial Holdings Acquires 172,647 SF Industrial Property in Langhorne, Pennsylvania
STAG Industrial Holdings Inc. has purchased an industrial property located within Bucks County Business Park at 121 Wheeler Court in Langhorne. A Boston-based pension fund advisor sold the 172,647-square-foot property for an undisclosed price. The building is leased to Silgan Plastics Corp. Joseph Hill, Robert Yoshimura and Eric Mattson of Cushman & Wakefield arranged the sale.
REBusinessOnline.com, November 10, 2016, Cushman & Wakefield

C&W Facilitates Philly-Area Industrial Sale
Cushman & Wakefield’s Capital Markets Group has recently arranged the sale of a 172,647-square-foot industrial asset located in Langhorne, Pa., in the Delaware Valley, roughly 27 miles from Philadelphia.
Commercial Property Executive, November 9, 2016, Cushman & Wakefield

In a time of high vacancy rates, new Englewood office building is fully leased
Although it’s brand new, the ES4 office building on Route 4 in Englewood has the look of a much older structure — specifically, a converted New York industrial building, complete with concrete floors and exposed ductwork.
NorthJersey.com, Nov. 4, 2016, S.Hekemian Group, Cushman & Wakefield

Sanzari renews 2 leases at Heights Plaza in Hasbrouck Heights
Two companies at the Heights Plaza in Hasbrouck Heights have renewed their leases, Alfred Sanzari Enterprises announced Wednesday. The Class A property, located at 777 Terrace Ave., is a 200,000 square foot office complex.
NJBIZ, November 3, 2016, Alfred Sanzari Enterprises

Why You Shouldn’t Worry About The Rise In Office Vacancy
As several research firms released their third-quarter reports on the Philadelphia office market over the past week or so, they showed the outlook in the central business districts to be overwhelmingly positive, even though vacancy has risen.
Bisnow, October 19, 2016, Cushman & Wakefield Philadelphia, Cushman & Wakefield Research

Sale of Metlife Building Caps Off Revival of Former Alcatel-Lucent Campus
Fresh off the opening of MetLife Investments’ gleaming new headquarters in Hanover, the state-of-the-art office building has a new owner. For the sellers of the 185,000-square-foot property, it’s the conclusion to one of New Jersey’s biggest redevelopment stories in recent years.
Real Estate NJ, October 17, 2016, Vision Real Estate Partners

One Centennial Plaza Trades for $11M
Colliers International recently arranged the sale of One Centennial Plaza, a 245,106-square-foot, Class A office complex located in Piscataway. An Atlanta-based private equity group acquired the asset from California-based JH Snyder for $11 million.
Commercial Property Executive, October 12, 2016, Colliers International

An Inventive Way to Save Edison’s Last Factory
This is a building that refuses to go down without a fight. In 1914, a massive fire raged through inventor Thomas Edison’s lab complex in downtown West Orange, New Jersey. Chemical-fueled flames shot 100 feet in the sky, burning five city blocks and destroying almost his entire operation.
CNN, October 11, 2016, Prism Capital Partners

Colliers International Arranges $11M Sale of Centennial Plaza
Piscataway-based One Centennial Plaza has traded for $11 million in a sale led by Jacklene Chesler of Colliers International Group Inc., who represented seller JPMCC 2005-LDP2 Piscataway Office, LLC. The buyer, a private equity group based in Atlanta, was also sourced by Chesler’s team.
New Jersey Business, October 7, 2016, Colliers International

Speculative Industrial Development Makes a Big Comeback in the City of Chicago
Chicago’s nearly 1.2 billion-square-foot industrial market continues to be a strong performer, garnering national attention. Tightening vacancies, healthy absorption and rising rental rates have spurred increased construction across our region.
REBusinessOnline.com, October 6, 2016, Cushman & Wakefield

Iconic Robert Treat Hotel Celebrates 100 Years in Newark
As a part of our “Newark at a Crossroads” series, taped at NJIT, Steve Adubato talks with Miles Berger about the Robert Treat Hotel’s 100th Anniversary and the importance of the iconic hotel to Newark, NJ.
Steve Adubato On the Air, September 30, 2016, The Berger Organization

Colliers Named Leasing Agent for Russel Hall in Oceanport
Colliers International Group Inc. announced Thursday it has been named the exclusive marketing agent for Russel Hall in Oceanport. The iconic 42,300-square-foot office building located at 1000 Sanger Ave. is the only multitenant corporate property within Fort Monmouth, Colliers said.
NJBIZ.com, September 16, 2016, Colliers International Group Inc.

Berger Organization Expands New Jersey Portfolio
The Berger Organization has announced the purchase of 560 Broad St., a 33,000-square-foot, four-story building, from Aetna Realty. Currently vacant, the new asset will be marketed to full-building users and build out to meet the necessary requirements of its occupant.
Commercial Property Executive, September 1, 2016, The Berger Organization

Cushman & Wakefield Brokers Sale of 401 Cabot Drive in Hamilton, NJ
Cushman & Wakefield’s Metropolitan Area Capital Markets Group has orchestrated the sale of 401 Cabot Drive in Hamilton Township. The 600,600-square-foot building, which serves as the Eastern region distribution hub for Colgate-Palmolive drew strong interest from the institutional investment community.
Mid-Atlantic Real Estate Journal, August 25, 2016, Cushman & Wakefield

LEASES: New Jersey
Colliers International Group Inc. has inked two leases for solar industry tenants in New Jersey’s Middlesex County. Doug Twyman brokered the transactions for Momentum Solar and Code Green Solar as tenant representative
Real Estate Weekly Online, August 25, 2016, Colliers International

Cushman & Wakefield Launches Specialty Group for the Auto Sector
Cushman & Wakefield has launched an Automotive Specialty Practice Group led by Jeffrey Green, a managing director within the firm’s Global Occupier Services business.
Real Estate Weekly Online, August 24, 2016, Cushman & Wakefield Industrial

Berger Acquires 560 Broad Street in Newark
The Berger Organization will build out the interior of 560 Broad Street to meet the specific needs of its occupant.
GlobeSt.com, August 22, 2016, The Berger Organization

Colliers Negotiates Industrial Lease in Monroe Twp.
Colliers International Group Inc. announced Friday it has negotiated an industrial/warehouse lease at the 218,100-square-foot Prologis Monroe in Monroe Township. The 128,700-square-foot lease is located at 2 South Middlesex Ave.
NJBIZ.com, August 15, 2016, Colliers International

Novo Nordisk HQ Commands $305M
The North American headquarters of Novo Nordisk at 800 Scudders Mill Road in Plainsboro, N.J., has come under new ownership in the largest single-asset trade in New Jersey year-to-date. Acting on behalf of joint venture partners Ivy Equities, LCOR Inc., and Intercontinental Real Estate Corp., commercial real estate services firm Cushman & Wakefield orchestrated the sale of the 762,000-square-foot office campus to Korean investment firm Hana Asset Management Co. for $305 million.
Commercial Property Executive, August 12, 2016, Cushman & Wakefield of New Jersey

Deal-Tracker: Sales, Leases, and Executive Moves in NJ
A roundup of recent sales, leases, agency assignments, and people in the news in the New Jersey market.
GlobeSt., August 4, 2016, Alfred Sanzari Enterprises, Colliers Inc, Cushman & Wakefield New Jersey, Levin Management

Cushman & Wakefield Brokers Sale of 600,600 SF Distribution Facility in New Jersey
Cushman & Wakefield has arranged the sale of a distribution facility located at 401 Cabot Drive in Hamilton Township. The 600,600-square-foot building serves as the Eastern region distribution hub for Colgate-Palmolive.
Northeast Real Estate Business Newsletter, August 2, 2016, Cushman & Wakefield

Newark Celebrates 350 Years
Standing on the corner of Broad Street and Prudential Drive in the middle of a summer workweek, one sees the thriving city Newark has become.
New Jersey Business, August 1, 2016, The Berger Organization

Cushman & Wakefield: Robust Demand, Healthy Economy Fuel Q2 Industrial Market
E-commerce and a healthy economy helped fuel another strong quarter for Northern and Central New Jersey industrial market, according to new research from Cushman & Wakefield.
Mid Atlantic Real Estate Journal, July 29, 2016, Cushman & Wakefield

Cushman & Wakefield Brokers Sale of 401 Cabot Drive in Hamilton Township, N.J.
Cushman & Wakefield’s Metropolitan Area Capital Markets Group has orchestrated the sale of 401 Cabot Drive in Hamilton Township. The 600,600-square-foot building, which serves as the Eastern region distribution hub for Colgate-Palmolive drew strong interest from the institutional investment community.
DC Velocity, July 28, 2016, Cushman & Wakefield

Demand Is Strong for Multitenant Distribution Warehousing
The trend of multitenant distribution warehouse properties  outperformed the broader commercial property market,  will continue according to a special report,” Multitenant Distribution Warehouse Segment in the U.S. Outlook 2016,” recently released by Cushman & Wakefield.
Industry Week, July 25, 2016, Cushman & Wakefield Industrial

Strong Warehouse Demand Leads Push for Industrial Real Estate
U.S. industrial markets absorbed a record-setting 70.1 million square feet (msf) of space in the second quarter of 2016, up 6.0% from the same period a year ago, and propelled year-to-date absorption to 132.2 msf.
Forklift Net, July 22, 2016, Cushman & Wakefield Industrial

Demand Is Strong for Multitenant Distribution Warehousing
The trend of multitenant distribution warehouse properties outperformed the broader commercial property market, will continue according to a special report,” Multitenant Distribution Warehouse Segment in the U.S. Outlook 2016,” recently released by Cushman & Wakefield.
MH&L, July 21, 2016, Cushman & Wakefield Industrial

107 York Street in Jersey City Trades for $2.1 Million
A vacant multifamily building at 107 York Street sold for $2.1 million, or approximately $420 per square foot. Cushman & Wakefield’s Fahri Ozturk exclusively handled the transaction.
GlobeSt., July 14, 2016, Cushman & Wakefield New Jersey

New Report: U.S. Commercial Real Estate Development Supported 3.2 Million Jobs and Contributed $450 Billion to the Economy in 2015
Development and construction of new commercial real estate – office, industrial, warehouse and retail – continues to be a powerful contributor to the U.S. and individual state economies, supporting approximately 3.2 million American jobs and contributing $450 billion to U.S. GDP in 2015, according to a new report released by the NAIOP Research Foundation.
NAIOP, July 14, 2016, Cushman & Wakefield Industrial

Eastman Companies Records Strong Mid-Year Leasing Activity
Eastman Cos. says it signed nearly 344,000 square feet of new leases and renewals during the first half of 2016.
GlobeSt., July 12, 2016, Eastman Companies

Is Nashville Booming Or Just Seeing Sustained Growth?
If you call Nashville’s growth a boom, you’re a pessimist, since booms usually end badly. Optimists, on the other hand, point out the region is seeing sustained growth, supported by the fundamentals.
Bisnow, July 12, 2016, Cushman & Wakefield Research

Cushman & Wakefield close $2.1M sale of multifamily property
Cushman & Wakefield has closed on a multifamily property in Jersey City for approximately $2.1 million, it announced Thursday.
NJ Biz, July 8, 2016, Cushman &Wakefield New Jersey

Colliers Named Exclusive Leasing Agent for NJ Office Tower
Colliers International Group Inc. has been named exclusive leasing agent for Florham Park Corporate Center, a 230,000 s/f two-building, Class A office property in Florham Park.
Real Estate Weekly, June 8, 2016, Colliers International Group Inc.

Art.com Expands Distribution Facility in Lockbourne, Ohio to 175,000 SF
Marking its continued growth, Art.com Inc. has expanded its U.S. distribution facility in Lockbourne, Ohio. Cushman & Wakefield brokered the lease expansion and renewal for the California-based online art retailer, which has operated at 4000 Creekside Parkway for 10 years and now occupies a total of 175,000 square feet there.
REJournals.com, June 8, 2016, Cushman & Wakefield Industrial

Strong Demand Spurs New 260k SF Sonoma County Industrial Project

A 260k sf industrial project in Sonoma County is slated to break ground this summer. The $32 mil, ground-up project is a joint venture of Washington Capital Management and VSP LLC. The 20-acre property sits at the corner of 8th Street East and Hwy 12, at the Sonoma County line. Steven Leonard, Brian Foster and Niels von Doepp of Cushman & Wakefield’s Larkspur office are handling the leasing assignment.

RENTV.com, June 9, 2016, Cushman & Wakefield Industrial
Vacancy Rates in the Area Between New Jersey Turnpike Exits 8A and 12 are Declining
E-commerce and thirdparty logistics companies continue to drive demand for quality industrial space in New Jersey during the first quarter of 2016, according to Cushman & Wakefield. The East Rutherford– based commercial real estate services firm reported robust leasing activity, falling vacancies, and rising asking rents.

MidJersey Business, June 1, 2016, Cushman & Wakefield Industrial
A Century in Newark: How The Robert Treat Hotel Survived and Thrived Over the Past 100 Years
Four U.S. presidents, the leader of the country’s Civil Rights Movement, and the physicist who developed the theory of relativity are just a few of the distinguished guests who have stayed at the Robert Treat Hotel in Newark over the past 100 years.
NJ.com, May 24, 2016, The Berger Organization

I.CON: Trends and Forecasts Explores the Cutting Edge of CRE
NAIOP’s conference June 9-10 in Jersey City will cover the latest in trends, technology, and what’s on the horizon for industrial real estate – including a keynote session that offers a unique global perspective on megadeals, planning committee chair Robert Kossar tells GlobeSt.com exclusively.
GlobeSt.com, April 27, 2016, NAIOP NJ

April 5: NAIOP New Jersey Chapter Meeting will Feature CRE Intercollegiate Case Study Competition
The long-term success of commercial real estate in New Jersey will one day rest in the hands of today’s collegians, and the acumen of this generation of future real estate professionals will be on display on Tuesday, April 5, 2016. The focus of the Chapter Meeting of NAIOP New Jersey, the commercial real estate development association, will be the 2016 CRE Intercollegiate Case Study Competition (CREICS), slated for the Park Avenue Club in Florham Park.
CityBizList.com, March 24, 1016, NAIOP NJ

Teaneck Marriott Completes Renovation
Alfred Sanzari Enterprises, owner and developer of Glenpointe, and hotel management company White Lodging have announced the completion of an extensive multimillion dollar renovation to the 353 guestrooms at the Teaneck Marriott at Glenpointe.
Lodging Magazine, March 10, 2016, Alfred Sanzari Enterprises

App Solutions Startup Opens HQ in Newark
A company that provides mobile solutions for the education industry has leased headquarters space at a Newark building, according to owner The Berger Organization. Gadget Software, an app developer, signed for 4,000 square feet at 58 Park Place, The Berger Organization said Monday in a news release.
NJBIZ, March 8, 2016, The Berger Organization

Why E-Commerce Will Drive Growth of Indianapolis Industrial Market
The greater Indianapolis industrial market has experienced incredible growth over the past three years, and it continues to be one of the most sought-after industrial markets in the country. Supply and demand is the big story in early 2016.
REBusinessOnline.com, March 10, 2016, Cushman & Wakefield

Strong Fundamentals Underpin US CRE
February’s jobs report and other positive economic news is “finally calming the nerves of the anxious equity markets,” says Rebecca Rockey, head of forecasting – Americas for Cushman & Wakefield Research.
GlobeSt.com, March 8, 2016, Cushman & Wakefield Research

Former Amazon Exec Talks Target, Best Buy and The Future Of Retailing
A former Amazon logistics whiz gave attendees of this month’s Minnesota Shopping Center Association breakfast a look into the future of retailing and e-commerce.
Minneapolis/St. Paul Business Journal, March 8, 2016, Cushman & Wakefield

Cushman & Wakefield Brokers 350,000-Square-Foot Lease Renewal for Vonage 88-Acre Mack-Cali Campus in Holmdel to Remain Corporate HQ Through 2023
Vonage Holdings Corp., a provider of cloud communications for businesses and consumers, has renewed the lease of its 350,000 s/f facility in Holmdel. Mack-Cali Realty Corporation (NYSE: CLI) owns the 88-acre campus at 23 Main Street. This transaction was managed by commercial real estate services firm Cushman & Wakefield.
Real Estate Weekly, February 25, 2016, Cushman & Wakefield of New Jersey

Miles Berger: Newark Poised For 2016 Growth
This year will be “a positive year for the real estate industry,” in Newark and northern New Jersey, according to Miles Berger, chairman and CEO of The Berger Organization. And, in an exclusive interview with GlobeSt.com, he predicts it may even include a new casino.
GlobeSt.com, January 27, 2016, The Berger Organization

Cushman & Wakefield: US Industrial Vacancy Hits 15-Year Low
The US industrial vacancy rate hit a 15-year low in 2015, after solid demand and rent growth in the sector, a Cushman & Wakefield report says. US industrial markets absorbed 62.9M SF in Q4′ 15, up 9.1% from Q3 and 0.5% year-over-year. 2015’s net industrial absorption hit 238.6M SF, while the industrial vacancy rate fell to 7.2%, 220 bps below the historical average.
Bisnow, January 25, 2016, Cushman & Wakefield Industrial, Cushman & Wakefield Research

Industrial Sector Ends 2015 Still in Middle Innings
Though it could win the Most Improved Real Estate Sector award, the U.S. industrial sector hasn’t yet hit the seventh-inning stretch in this market cycle, according to industry experts. Investors both foreign and domestic flocked to the property type in 2015, and fundamentals and speculative development improved to pre-recession levels in the fourth quarter.
National Real Estate Investor, January 22, 2016, Cushman & Wakefield Industrial, Cushman & Wakefield Research

Battling N.J. liquor laws
Teterboro Landing, the 55-acre shopping center that opened last year on the site of a former Honeywell plant in Teterboro, is a good case study for the challenges created by New Jersey’s complex liquor licensing rules.
NorthJersey.com, January 17, 2016, NAIOP NJ

NJ Office Leasing Reaches Highest Total in Years
Looking at only new office leases – tenants coming from outside New Jersey or those moving within the state – the Garden State in 2015 posted the highest amount of square-footage in a decade. According to commercial real estate services firm Cushman & Wakefield, new leasing activity in New Jersey accounted for 10.9 million square feet last year, the highest recorded total since 2005.
New Jersey 101.5, January 10, 2016, Cushman & Wakefield of New Jersey, Cushman & Wakefield Research

Commercial Real Estate 2016 Forecast
The headline for commercial real estate in New Jersey continues to be our hot industrial sector, where land costs and availability are keeping the supply a bit constrained.
The year 2016 looks to be much the same as 2015 in terms of new development and absorption, with rents on the rise. A significant amount of new product will be coming online that will subsequently be leased up in the following year.
New Jersey Business, January 8, 2016, NAIOP NJ

Big plans for Neptune City’s Medicenter
A Brick-based real estate investment company has acquired Medicenter Rehabilitation & Nursing in Neptune City, and it plans to spend $2.5 million to renovate it, the company said Monday. Tryko Partners LLC will rename the facility Coral Harbor Rehabilitation and Healthcare Center.
Asbury Park Press, January 5, 2016, Tryko Partners

Tryko acquires Neptune City-based medical center
Tryko Partners LLC announced Monday it has acquired Neptune City-based Medicenter Rehabilitation & Nursing. Upon closing the acquisition, the Brick-based private equity real estate group will spend $2.5 million to upgrade the 110-bed property and rename it Coral Harbor Rehabilitation and Healthcare Center.
NJBIZ, January 4, 2016, Tryko Partners

Bergen County Real Estate News: Winter Open Houses at The Ivanhoe in Hackensack and Nottingham Manor in Montvale 
A series of weekend open house events will take place throughout January, February and March at two of Alfred Sanzari Enterprises’ signature Bergen County apartment communities, The Ivanhoe in Hackensack and Nottingham Manor in Montvale. The open house events are scheduled at Nottingham Manor from noon to 6:00 pm on Saturdays beginning January 9 and continuing on January 23, February 6 and 20, and March 5 and 19. At The Ivanhoe, open houses will be held from 11:00 am to 6:00 pm on Sundays starting January 10 and again on January 24, February 7 and 21, and March 6 and 20.
MyBergen.com, January 1, 2016, Alfred Sanzari Enterprises

Bestronics Leases 73K SF Silicon Valley Industrial Building
Bestronics, an electronics contract manufacturer, inked a long-term lease for a 73k sf industrial building at 2243 Lundy Ave in San Jose. The transaction completes the second-generation lease-up of a four-building, 250k sf manufacturing complex, originally developed for Flextronics in the mid-1990s.
RENTV.com, December 30, 2015,Cushman & Wakefield Industrial

Alfred Sanzari Enterprises Holds Annual Gift and Toy Drive
Alfred Sanzari Enterprises, one of New Jersey’s most active real estate development firms, recently held its annual “Operation Holiday” gift and toy drive. Pictured are (left) Jeanne Pietrowicz, Alfred Sanzari Enterprises’ accounts receivable analyst and Tomasz Mackiewicz, Alfred Sanzari Enterprises’ assistant commercial/industrial property manager.
Patch.com, December 17, 2015, Alfred Sanzari Enterprises

Sanzari Breaks Ground On Dual-Brand Hotel in Teaneck, Expects to Bring 85 Jobs to Area
Alfred Sanzari Enterprises announced Thursday it officially broke ground on a new hotel at its mixed-use Glenpointe complex in Teaneck.
NJBIZ, December 4, 2015, Alfred Sanzari Enterprises

Meadowlands Sees Housing Boom at Former Industrial Sites
The housing market in the region has always been good, Brian Whitmer, a senior director at real estate company Cushman & Wakefield, but homes are pricy and towns are well developed, leaving little room to build.
NJ.com, November 25, 2015, Cushman & Wakefield of New Jersey

On Jersey Waterfront, Offices Reimagined
After superstorm Sandy, the leaders of Hugo Neu Corp. could have played it safe when they were considering what to do with the company’s 130-acre waterfront property in Kearny, N.J.
Wall Street Journal, November 1, 2015, Cushman & Wakefield of New Jersey, Cushman & Wakefield Industrial 

Cushman & Wakefield to Rivals: We’re Watching You
Cushman & Wakefield has its eyes and ears on its competitors as the global real estate services company reportedly mulls an IPO. “When we’re looking at our organization and where we have a mix of revenue, we’re looking at JLL and we’re looking at CBRE,ˮ said C&W’s president of the New York Tri-State Region, Ron Lo Russo during a candid Q&A at the NAIOP New Jersey chapter meeting last week.
Real Estate Weekly, October 21, 2015, NAIOP, Cushman & Wakefield New Jersey

Noted Workspace Expert Andrea Foertsch Set to Keynote NAIOP New Jersey Seminar
Technology, mobile devices, social media, the sharing economy and the impact of millennial are dramatically changing how people get around, work and play—new behaviors that are dictating trends in workspace location, design and usage. These trends will be the subject of discussion at NAIOP New Jersey, the commercial real estate development association’s seminar, “Digital Disruption, the Mobile Tech Wave and CRE: The Sharing Economy and Workspace Revolution,” slated for Wednesday, October 21, 2015, 7:45 a.m., at the Rutgers Business School’s Bove Auditorium in Newark.
CityBizList.com, October 2, 2015, NAIOP NJ

Santander Bank Finances MetLife’s New Jersey Headquarters
Santander Bank, N.A. has provided a $54m construction loan to Vision Real Estate Partners and Rubenstein Partners for the development of MetLife’s new office campus in Morris County, New Jersey.
RECapitalNews.com, September 29, 2015, Vision Real Estate Partners

Steel Topped Off at MetLife Investments Global Headquarters in Hanover, NJ
With the steel topped off at MetLife Investments’ global headquarters in Hanover, Vision Real Estate Partners and Rubenstein Partners are on schedule for the 185,000 s/f build-to-suit at 67 Whippany Rd. The partnership broke ground in April on the sustainable, class A office facility.
Mid Atlantic Real Estate Journal, September 29, 2015, Vision Real Estate Partners

Stacking and Packing Take Center Stage in Warehouse Games
To understand the extent to which e-commerce is transforming U.S. retail, look no further than the warehouses up and down the New Jersey Turnpike, where packing boxes and moving pallets stacked high with customer orders has become a booming business.
Morningstar.com, September 30, 2015, NAIOP NJ

Moskowitz Law Group, LLC Leases at Court Plaza North in Hackensack
Leading family law and divorce attorneys Moskowitz Law Group, LLC has leased close to 5,000 square feet of space at Court Plaza North, located at 25 Main Street in Hackensack, N.J. The Court Plaza office complex is owned and managed by Alfred Sanzari Enterprises.
CityBizList.com, September 28, 2015, Alfred Sanzari Enterprises

Alfred Sanzari’s The Ivanhoe in Hackensack Attracts a Diverse Tenant Mix
The multifamily property sector is surging in New Jersey, and most apartment complexes tend to be defined by a specific category of renter. The Ivanhoe – a luxury rental community in Hackensack, N.J. owned and managed by Alfred Sanzari Enterprises – continues to buck that trend.
Mid Atlantic Real Estate Journal, September 11-24, 2015, Alfred Sanzari Enterprises

Manufacturing in North America
Manufacturing remains a driving force of innovation, jobs and prosperity in North America, according to a recent Cushman & Wakefield report. The report examines the status of manufacturing in the United States, Canada and Mexico, and explores the opportunities and risks that are likely to shape the sector’s future and inform commercial real estate decisions.
NAIOP Source, September 15, 2015, Cushman & Wakefield Industrial, Cushman & Wakefield Research

Law Firm Relocates to Glenpointe in Teaneck
The law firm Okin Hollander LLC has relocated from Fort Lee to Alfred Sanzari Enterprises’ mixed-use Glenpointe complex in Teaneck. The law firm’s 6,000-square-foot lease at Glenpointe Centre West, located at 500 Frank W. Burr Blvd., was arranged by Curtis Foster, executive vice president of Cushman & Wakefield’s East Rutherford office.
NJBIZ, September 9, 2015, Alfred Sanzari Enterprises

The Berger Organization Announces New Tenant at 570 Broad in Newark
The International Organization of Masters, Mates and Pilots (MM&P) has leased 4,000 square feet of office space at The Berger Organization’s 570 Broad in Newark. The 200,000-square-foot 15-story office building is located at 570 Broad Street.
Newark Patch, September 3, 2015, The Berger Organization

The Berger Organization Announces New Tenant at 570 Broad
The Berger Organization announced Tuesday that The International Organization of Masters, Mates and Pilots has leased 4,000 square feet of office space at 570 Broad in Newark.
MM&P, an organization created to protect the rights and working conditions of members of the maritime community, is relocating its New Jersey operations from Jersey City to the 200,000-square-foot, 15-story office building.
NJBIZ, September 1, 2015, The Berger Organization

Maritime Union Leasing at 570 Broad in Newark
The International Organization of Masters, Mates and Pilots has leased 4,000 square feet of office space at The Berger Organization’s 570 Broad, a 200,000-square-foot, 15-story office building at 570 Broad Street. MM&P was created to protect the rights and working conditions of members of the seagoing maritime community.
GlobeSt.com, September 1, 2015, The Berger Organization

Nippon Paint (USA) Renews Lease at Glenpointe Centre East in Teaneck
Nippon Paint (USA) Inc. (NP-USA), a subsidiary of Nippon Paint Holdings Co. Ltd., has renewed its 3,400-square-foot lease at Glenpointe Centre East in Teaneck, N.J. Located at 300 Frank W. Burr Blvd., Glenpointe Centre East is part of the mixed-used Glenpointe complex, owned and developed by Alfred Sanzari Enterprises of Hackensack, N.J.
CityBizList.com, September 1, 2015, Alfred Sanzari Enterprises

Hermance to Lead New East Coast Office for The Carson Companies
The Carson Companies, an industrial real estate investment and development firm based in Newport Beach, CA, is seeking to expand into a third major coastal industrial market, this time on the East Coast. The firm has hired former KTR Capital Partners investment VP Chris Hermance as managing director to head its new regional office in suburban Philadelphia.
CoStar.com, September 1, 2015, The Carson Companies

VREP Launches Repositioning of 27-Acre Montville Office Campus
Vision Real Estate Partners (VREP) has launched the repositioning of Montville Corporate Campus, an office campus located at 340-342 Changebridge Road in Montville. VREP plans to convert one of the twin 100,000-square-foot office buildings into a multi-tenant building and rezone half the campus for residential use.
REBusinessOnline.com, September 1, 2015, Vision Real Estate Partners

VREP Launches Mixed-Use Repositioning of 27-Acre Montville Office Campus
Vision Real Estate Partners has launched the mixed-use repositioning of Montville Corporate Campus, which it acquired last summer from Bayer Pharmaceuticals VREP is renovating one of the twin, 100,000-square-foot office buildings located at the 340-342 Changebridge Road property for multi-tenant use, and working to re-zone half the 27-acre campus for residential – with high-end multifamily specialist Mill Creek already on board as developer.
GlobeSt.com, August 31, 2015, Vision Real Estate Partners

Office Lease Up (Sept. 1) Valeant Pharmaceuticals Doubles Office Space to 620,000 SF
Valeant Pharmaceuticals is doubling the size of its Bridgewater, NJ office space, leasing another 310,000 square feet at SJP Properties’ Somerset Corporate Center in Bridgewater, NJ, to bring its total occupancy there to 620,000 square feet.
CoStar.com, August 31, 2015, Cushman & Wakefield of New Jersey

CenterPoint Properties Sells 263,668 SF Industrial Building in Franklin Park
CenterPoint Properties has completed the sale of an industrial building located at 2425-2553 Edington St. in Franklin Park. A private investor, which is expanding its portfolio, acquired the 263,668-square-foot property for an undisclosed price.
REBusinessOnline.com, August 31, 2015, Cushman & Wakefield Industrial

E-commerce Firms See Explosive Growth
Swap.com, a fast-growing online retailer, has just signed a 361,000 square foot lease at 850 Veteran’s Parkway in suburban Bolingbrook, marking its second major expansion since its founding in 2013. At its previous location, Swap.com, which offers a selection of pre-owned baby, kid’s, maternity and women’s apparel and accessories, occupied just 66,000 square feet.
GlobeSt.com, August 31, 2015, Cushman & Wakefield Industrial 

SunTrust Center Wins New-to-Market Tenants
SunTrust International Center just inked over 72,000 square feet of leases. Some of the most notable transactions include Marcum’s renewal of 14,000 square feet and US Legal Support’s 10,000 square foot renewal and expansion.
GlobeSt.com, August 31, 2015, Cushman & Wakefield Research

Big Pharma Still a Force in Jersey’s Office Market
For a company that knows how to grab headlines, last week was no different for Valeant Pharmaceuticals International Inc. That’s because the Canadian company said it planned to double its office space at its U.S. headquarters in Bridgewater, bringing its total footprint there to 620,000 square feet.
NJBIZ, August 31, 2015, Cushman & Wakefield of New Jersey

Vision Real Estate, Mill Creek Residential Pair Up to Revamp Bayer Campus in Montville
Vision Real Estate Partners has teamed with a well-known multifamily builder to redevelop a former Bayer HealthCare office park in Montville, where it plans to renovate one building while seeking new zoning for a residential component on the remainder of the site.
NJBIZ, August 31, 2015, Vision Real Estate Partners

I-10 West Business Center Sells for $5.5 Million
DTZ has announced that Thackeray Partners and Trammell Crow Company sold I-10 West Business Center, a three building, multi-tenant industrial complex located one block south of Interstate10 between 55th and 57th Avenue. A Phoenix-based private investor, Kensington Investments, purchased the ±81,571 square foot property for $5.5 million.
Arizona Commercial Real Estate Magazine, August 28, 2015, Cushman & Wakefield Industrial

Darwin Represents CenterPoint in Sale of 263,668-SF Industrial Building in Franklin Park
Darwin Realty & Development Corporation has announce the investment sale of a 263, 668-square foot building located at 2425-2553 Edington Street in Franklin Park, Illinois to a private investor who is expanding their portfolio.
Midwest Real Estate News, August 28, 2015, Cushman & Wakefield Industrial

Build-To-Suit Needs Fuel New Office Construction
If you can’t find the space you need, you may as well have someone build it for you. That’s how several of New Jersey’s largest corporate tenants are approaching the state’s office market, fueling construction activity in a time when new development is virtually nonexistent.
NJBIZ, August 17, 2015, Cushman & Wakefield of New Jersey; Vision Real Estate Partners

E-Commerce Development, Industrial Land Pricing, and the “Amazon Effect”
The world of real estate today is consumed by the conversation about e-commerce. And rightly so. The significant growth in e-commerce and same-day/next-day delivery services is directly impacting industrial lease rates, land pricing, and development costs in every city, submarket, and MSA in the world.
Area Development, August 11, 2015, Cushman & Wakefield Industrial and Research Groups 

Cushman & Wakefield Study Says Mexico’s Ports Poised to Boom
Mexico’s growing importance in the continental supply chain is now being recognized by North American transportation groups, said John Morris, Cushman & Wakefield’s Industrial Services Lead, Americas. In the latest edition of its Industrial Research MarketNote, industrial real estate analysts observed that Mexican ports led the North American container trade in 2014 with 3.5 percent year-over-year growth.
Supply Chain Management Review, August 4, 2015, Cushman & Wakefield Industrial and Research Groups

Marriott at Glenpointe in Teaneck Ranks Among Brand’s Top 2% in Event Satisfaction
The Marriott at Glenpointe in Teaneck, N.J. recently was ranked among the top 2 percent out of 358 Marriott hotels nationwide in the brand’s year-to-date Event Satisfaction Survey (ESS), achieving an overall score of 87.1 percent.
CityBizList, August 4, 2015, Alfred Sanzari Enterprises

Breathing New Life
Older urban office buildings at one time were at a disadvantage when it came to attracting technology firms and millennial-run companies – among other tenants – in search of smart, open, collaborative workspaces.
Mann Report, August 1, 2015, The Berger Organization

Cushman & Wakefield Promotes Nancy Erickson to Senior Director
Commercial real estate services firm Cushman & Wakefield has promoted Nancy Erickson as Senior Director for National Retail Services, announce Andrew Judd, market leader, New Jersey Operations.
Mann Report, August 1, 2015, Cushman & Wakefield of New Jersey

Class A Princeton Area Project: 19 Roszel Road
New office construction is rare in the current commercial real estate market, and mid-size built-to-suit opportunities and even rarer still.
Mann Report, August 1, 2015, Mountain Development Corp.

Higher Education, the Arts and Upscale Housing are the Forces
While office and industrial properties are still being built, bought and sold, and leased, non-traditional sectors have moved to the forefront in terms of current real estate activity.
Mann Report, August 1, 2015, NAIOP NJ

The S. Hekemian Group Signs Tenants for ES4 Office Building
The S. Hekemian Group has signed two leases for the retail component of the company’s under-construction ES4 office building in Englewood, announced Senior Managing Director Peter Hekemian.
Mann Report, August 1, 2015, The S. Hekemian Group

2015 Top Property Managers
A prime location and the newest asset on the block mean nothing without proper property management.
Commercial Property Executive, August 1, 2015, Tryko Partners

A Little Lipstick and Some Blush and Three Tenants Sign
A little lipstick and some blush are helping the makeover continue at the former Liz Claiborne headquarters at 5901 West Side Ave. in North Bergen, where three new long-term tenants have signed up for almost 68,000 square feet of space.
Real Estate Forum, July/August 2015, Cushman & Wakefield of New Jersey

M&J Innovations Relocating to Sanzari’s Norwood Industrial
M&J Innovations, a trade show company providing installation, exhibit construction, dismantling and storage services worldwide, is relocating from The Bronx to 385 Chestnut Street in Norwood, NJ, one of six buildings comprising Alfred Sanzari Enterprises’ Norwood industrial portfolio.
GlobeSt.com, July 29, 2015, Alfred Sanzari Enterprises

Cardiovascular Consultants Expands Hasbrouck Heights Office
A cardiology practice has expanded its space at Heights Plaza in Hasbrouck Heights, according to building owner Alfred Sanzari Enterprises.The Hackensack-based real estate firm said Wednesday that Cardiovascular Consultants of North Jersey signed a lease for 4,239 square feet, representing a 1,400-square-foot expansion.
NJBIZ, July 22, 2015, Alfred Sanzari Enterprises

Commercial Real Estate: Getting it Right for Employers and Employees
Consider New Jersey’s position and potential as the logistics industry continues its unprecedented expansion. Our state benefits from a confluence of airports, rail, roads and water, providing unsurpassed access to regional, national and international markets.
New Jersey Business Magazine, July 20, 2015, NAIOP NJ

Powerhouse Transformed Into Amenity Center at Whippany Complex
The Crossings at Jefferson Park has been transformed from a powerhouse into a stand-alone community amenity center, furthering the Whippany office property’s distinctive work/play environment.
GlobeSt.com, July 10, 2015, Vision Real Estate Partners

New Leases Reflect Repositioning Success at WestSide Center in North Bergen
Three new, long-term tenant commitments totaling nearly 68,000 square feet at WestSide Center in North Bergen reflect strong demand following the office property’s recent repositioning and modernization by owner Real Capital Solutions.
NJ.com, July 6, 2015, Cushman & Wakefield of New Jersey

Habitat for Humanity Relocates to The Berger Organization’s 58 Park Place
Habitat for Humanity Newark announced Thursday that it has relocated its headquarters to The Berger Organization’s 58 Park Place in Newark. The affordable housing nonprofit’s new headquarters will occupy 2,000 square feet of office space at the 30,000-square-foot office property.
NJBIZ, July 2, 2015, The Berger Organization

 

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Healthcare

NJBIZ Names the Healthcare Heroes Award Winners
NJBIZ named its Healthcare Heroes award winners for 2017 Tuesday at a breakfast event at the Palace at Somerset Park in Somerset. The awards program honored individuals and organizations that make noticeable impacts on the quality of health care in New Jersey.
NJBIZ, June 21, 2017, Inserra Supermarkets, Kimmerle Group

Healthcare delivery 2.0: Rebranding a healthcare facility as a center of excellence
Today’s competitive healthcare landscape, insurance and ACA pressures, and an aging population are driving medical institutions of all sizes to reposition themselves in the marketplace, including the rebranding of entire health systems to identify and commit to centers of excellence.These large-scale projects entail reorganizing medical staff and services around specific specialty areas, and equipping facilities with the technologies and environment to support those niches.
Mid Atlantic Real Estate Journal, January 13, 2017, Kimmerle Group

N.J. Firm Buys Elmhurst Extended Care
Elmhurst Extended Care has been acquired by Brick, N.J.-based Tryko Partners LLC, and will be renamed Elmhurst Rehabilitation and Healthcare Center as part of a more than $5 million renovation of the property. Tryko, which acquired the facility this month for an undisclosed price from CharterCARE Health Partners, said the renovations will be handled by its affiliate, Marquis Health Services, a third-generation nursing home operator.
Providence Business News, December 27, 2016, Tryko Partners LLC

Ridgewood Orthopedics expands in Poskanzer Skott-designed space
Ridgewood Orthopedic Group LLC announced it has completed renovating its offices in Ridgewood.The space at 85 South Maple Ave., designed by Poskanzer Skott Architects, was in its final phase of the practice’s expansion to occupy the entire 11,700-square-foot property.
NJBIZ, October 14, 2016, Poskanzer Skott Architects

Kimmerle Group Inspires Visionary Thinking as Medical Centers Continue to Rebrand and Reposition
The healthcare industry is undergoing fundamental changes, driven by a growing emphasis on wellness and preventative care. Tremendous opportunities exist in the current environment for medical institutions of all sizes to create facilities designed to increase positive clinical outcomes while maximizing environmental performance and operating efficiency.
Interiors & Sources, May 31, 2016, Kimmerle Group

Kimmerle Group Inspires Visionary Thinking for Healthcare Centers
The healthcare industry is undergoing fundamental changes, driven by a growing emphasis on wellness and preventative care. Tremendous opportunities exist in the current environment for medical institutions of all sizes to create facilities designed to increase positive clinical outcomes while maximizing environmental performance and operating efficiency.
New Jersey Business, May 27, 2016, Kimmerle Group

Brentwood Celebrates Completion of $2.6M Renovations
Local and state dignitaries recently joined the staff, leadership and clients of The Brentwood Rehabilitation and Healthcare Center in to celebrate the completion of a $2.6 million renovation of the Danvers skilled nursing property.
Danvers Patch, March 7, 2016, Tryko Partners

Marquis Health Services Completes $2.6M Renovation at The Brentwood in Massachusetts
Marquis Health Services, a division of Tryko Partners, has completed a $2.6 million renovation of The Brentwood Rehabilitation and Healthcare Center, located at 56 Liberty St. in Danvers.
REBusinessOnline, February 25, 2016, Tryko Partners

Big plans for Neptune City’s Medicenter
A Brick-based real estate investment company has acquired Medicenter Rehabilitation & Nursing in Neptune City, and it plans to spend $2.5 million to renovate it, the company said Monday. Tryko Partners LLC will rename the facility Coral Harbor Rehabilitation and Healthcare Center.
Asbury Park Press, January 5, 2016, Tryko Partners

Tryko acquires Neptune City-based medical center
Tryko Partners LLC announced Monday it has acquired Neptune City-based Medicenter Rehabilitation & Nursing. Upon closing the acquisition, the Brick-based private equity real estate group will spend $2.5 million to upgrade the 110-bed property and rename it Coral Harbor Rehabilitation and Healthcare Center.
NJBIZ, January 4, 2016, Tryko Partners

The Need for Continuing Education in Health IT
The health IT (HIT) field has never before been so complex. With regulation, requirements and technology transforming so rapidly, there’s an ever-growing need for a prepared, knowledgeable and energetic HIT workforce.
TechNews pg. 14, September 1, 2015, Pinnacle Center for Professional Development

Professional Development Firm Specializes in HIT Courses
The Pinnacle Center for Professional Development in Fairfield, N.J., which offers a series of healthcare information technology educational programs, has multiple sessions scheduled during August, September and October.
Health Data Management, July 29, 2015, Pinnacle Center for Professional Development

Nursing Centers Go Short-Term; Many in N.J. Shift to Post-Hospital Rehab
An Allendale nursing home is partnering with Kessler, a known name in rehabilitation, to attract hospital patients who need to regain their strength before going home.
NorthJersey.com, March 19, 2015, The Allendale Community for Senior Living

Kessler Institute For Rehabilitation Partners with Allendale Community for Senior Living
The Allendale Community Rehabilitation Center partners with Kessler.Core and has opened a newly expanded and updated post-acute rehabilitation center. 
New Jersey Business Magazine, February 11, 2015, The Allendale Community for Senior Living

The Allendale Community for Senior Living to Host Atrium Health & Senior Services Fair
The Allendale Community for Senior Living, Northern New Jersey’s premier continuum-of-care senior living and healthcare campus, will hold its annual Atrium Health & Senior Services Fair on Saturday, June 7 from 10 a.m. to 2 p.m.
The Paramus Post, May 22, 2014, The Allendale Community for Senior Living

The Allendale Community for Mature Living Offers Temporary Respite Care During Weather-Related Emergencies
During a respite stay, seniors are given all the same amenities and care as permanent residents, including meals, medication management and access to a range of social activities. Guests benefit from a safe, supportive environment that includes daily social, educational and cultural programs; restaurant-style dining; and flexible healthcare and wellness options if needed.
Paramus Post, January 24, 2014, Allendale Community for Senior Living

Officials Unveil Newest NJ State College
Center for Allied Health and Nursing becomes Jersey College.
Fios1 News , September 12, 2013, Jersey College
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Non Profits

Ninth Annual ‘Honor Day’ Paid Tribute to Active US Service Members and Veterans
Cheered on by about 200 middle school and high school students from around Monmouth County, approximately 50 active US service members from Fleet Week arrived via bus from New York for Eagle Oaks Golf and Country Club’s 9th Annual Honor Day, and enjoyed a round of golf and a dinner in their honor, while the students got to explore military career opportunities.
State Broadcast News, June 7, 2017, The Allied Group

Hackensack’s Alfred Sanzari Enterprises Holds Holiday Food Drive
A second-generation, family-owned-and-operated business again is looking to help make the holidays brighter for community members in need by hosting its annual “Giving Thanks Food Drive.” The real-estate development firm Alfred Sanzari Enterprises, headquartered in Hackensack, has placed collection sites for nonperishable donations in four Bergen County locations.
Daily Voice, November 3, 2016, Alfred Sanzari Enterprises

NAIOP NJ Community Action Volunteers Aid Community FoodBank of NJ
NAIOP NJ Community Action Volunteers Aid Community FoodBank of New Jersey; Association Members, Staff Donate Food, Funds and Time for 7th Straight Year.
WMBC-TV, July 18, 2016, NAIOP NJ

TSTI snowbirds stay connected during ‘winter break
Rabbi Daniel Cohen, standing, far right, of Temple Sharey Tefilo-Israel in South Orange paid a recent visit to several dozen synagogue members who spend the winter or live full-time in Florida.
Essex News Daily, February 17, 2016, Temple Sharey Tefilo-Israel

Temple Sharey Tefilo-Israel to Host Fitness Fundraiser for Girls Helping Girls Period on Jan. 12
Women and girls from South Orange and surrounding communities are invited to get fit for a good cause as Temple Sharey Tefilo-Israel (TSTI) hosts a fundraiser featuring the POUND workout.
TAPinto.net, January 3, 2016, Temple Sharey Tefilo-Israel

Local Youth Welcome New Year at Temple Sharey Tefilo Mini Camp
Local youngsters celebrated the start of 2016 by learning about New Year’s traditions around the world during a winter recess “mini camp” held at Temple Sharey Tefilo-Israel (TSTI) in South Orange, N.J.
VillageGreenNJ.com, January 12, 2016, Temple Sharey-Tefilo-Israel

Central Jersey business awards, honors
Mack-Cali Realty Corp. CEO Mitchell E. Rudin will be the honoree at the 2016 Real Estate Award Reception and Pynes Putting Challenge to benefit the March of Dimes New Jersey Chapter on June 16 at the U.S. Golf Association Headquarters, 77 Liberty Corner Road, Far Hills.
MyCentralJersey.com, December 18, 2015, March of Dimes

Live Streaming Helps Members Stay ‘Connected’
Temple Sharey Tefilo-Israel in South Orange is offering live streaming video of all services — including Shabbat and the High Holy Days — accessible by anyone with a computer, tablet, or smartphone.
New Jersey Jewish News, August 26, 2015, Temple Sharey Tefilo-Israel

Essex County Students Complete Religious School Program at TSTI
Friday, May 29, was a special evening at Temple Sharey Tefilo-Israel in South Orange, as the congregation celebrated with 20 students from the Religious School’s Confirmation class.
Tapinto.net, June 14, 2015, Temple Sharey Tefilo-Israel

Rabbi Allie Klein to Join Temple Sharey Tefilo-Israel as Assistant Rabbi
Temple Sharey Tefilo-Israel (TSTI), a Reform congregation in South Orange, has announced that Rabbi Alexandra “Allie” Klein will join the synagogue’s clergy, effective July 1, 2015. Klein earned an MA in Hebrew literature from Hebrew Union College-Jewish Institute of Religion (HUC-JIR), the Reform movement’s seminary, and received s’micha – rabbinic ordination – on May 3.
The Village Green, May 10, 2015, Temple Sharey Tefilo-Israel

Millburn Resident Performs in Assited Living Facility
Who says there is no room for creativity in community service? Not township resident Jarod Friedman, that’s for sure.
NorthJersey.com, March 12 ,2015, Temple Sharey Tefilo-Israel

Free Financial Seminar for Sandy victims
Volunteer Lawyers for Justice (VLJ) will host a free foreclosure and bankruptcy seminar for victims of superstorm Sandy at 10 a.m. April 5 at the Young Auditorium, Monmouth University, 400 Cedar Ave., West Long Branch.
Atlanticville, April 03, 2014, Volunteer Lawyers for Justice

Caryl Communications, Inc., Appointed Correspondent for NJAA
Established as a 501(c) (6) non-profit trade organization, the NJAA’s diverse membership is comprised of owners, managers, builders, and developers of market-rate, affordable, military, student and senior housing, as well as the suppliers and professional service providers who support the multi-family rental industry.
New York Real Estate Journal, March 25, 2014, New Jersey Apartment Association

Volunteer Lawyers for Justice honors Family Law Attorneys from Livingston
This winter, Volunteer Lawyers for Justice (VLJ) is turning its Attorney Spotlight on Jonathan Wolfe, Esq. and Thomas DeCataldo, Esq. of Skoloff & Wolfe, P.C. and for very good reason.
NJ.com, March 23, 2014, Volunteer Lawyers for Justice

Community Health Fairs Attempt to Demystify New Law
The news from Washington, D.C., on Saturday was about Republican House maneuvers to delay or repeal the Affordable Care Act under threat of a government shutdown.
NorthJersey.com, September 29, 2013, Bergen YWCA

At Hackensack Rally, Abuse Survivors Use T-shirts to Tell Their Stories
At Hackensack rally, abuse survivors use T-shirts to tell their stories.
NorthJersey.com, September 18, 2013, Bergen YWCA

Montclair Resident Offers Challenge Grant to Volunteer Lawyers for Justice
The clock is now ticking on a fundraising mission for the Newark-based Volunteer Lawyers for Justice (VLJ).
NorthJersey.com, July 02, 2013, Volunteer Lawyers for Justice

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Professional Services

Q&A: NJ Green Acres Restrictions Affect Utility And Development Projects
“It’s important to identify property restrictions as early as possible because, depending on the outcome, they can lead to significant project delays,” says attorney Christine Roy, an expert on New Jersey’s Green Acres regulations.
GlobeSt.com, July 25, 2017, Rutter and Roy

Kimmerle Group Honored as AIA-NJ 2016 “Firm of the Year”
Kimmerle Group (KG) – a multifaceted architectural/design organization offering real estate planning and development services – has been named 2016 “Firm of the Year” by the N.J. chapter of the American Institute of Architects (AIA-NJ).
New York Real Estate Journal, February 21, 2017, Kimmerle Group

Healthcare Delivery 2.0: Rebranding a Healthcare Facility as a Center of Excellence
Today’s competitive healthcare landscape, insurance and ACA pressures, and an aging population are driving medical institutions of all sizes to reposition themselves in the marketplace, including the rebranding of entire health systems to identify and commit to centers of excellence.
Mid Atlantic Real Estate Journal, December 9, 2016, Kimmerle Group

The Hudson River Gold Coast
Once a stretch of dilapidated industrial buildings and rundown housing, the contiguous Hudson River waterfront towns of Weehawken, Hoboken and Jersey City – rightfully known as New Jersey’s Gold Coast – today are among the state’s most highly desirable commercial and residential locations, with 2016 office leasing velocity in the third quarter outpacing all of 2015 combined.
New Jersey Business Magazine, November 28, 2016, Castle Lanterra Properties, Colliers, Poskanzer Skott, and NAIOP New Jersey

Q&A with Tomaro Financial Group: Strategies for Selecting a Mortgage
A Monmouth County financial planner says falling mortgage rates are creating an opportunity for homeowners to reduce mortgage payments/rates and for certain borrowers, shorten the life of loans.
State Broadcast News, November 8, 2016, Tomaro Financial Group

The Zealous Pursuit of Z
Consider the hurdles confronting commercial real estate designers, developers and property managers. They’ve worked for years to understand and anticipate the unique office and retail preferences of Generation Y, and the so-called Millennials.
Commercial Property Executive, Mid-Year Issue, Kimmerle Group

Iconic Robert Treat Hotel Celebrates 100 Years in Newark
As a part of our “Newark at a Crossroads” series, taped at NJIT, Steve Adubato talks with Miles Berger about the Robert Treat Hotel’s 100th Anniversary and the importance of the iconic hotel to Newark, NJ.
Steve Adubato On the Air, September 30, 2016, The Berger Organization

Tomaro Professional Center in Wall Township Gains Tenants
A law firm, an accounting firm, and an aviation company have signed leases at the Tomaro Professional Center, a class A, three-story, 10,000 square-foot office building at 1704 Maxwell Drive, Wall Township, NJ.
GlobeSt.com, September 26, 2016, Tomaro Financial Group

Wall Twp. Class A Office Building Welcomes Three New Tenants
The Tomaro Professional Center has three new tenants joining its ranks, according to Vicky Tomaro, owner of TPC and president of Tomaro Financial Group.Matthew R. Abatemarco left a law practice in Red Bank to form his own family/matrimonial legal firm at the center.
NJBIZ.com, September 26, 2016, Tomaro Financial Group

Lobby Renovation Completed at KBS’ 100 Campus Drive in Florham Park, NJ
The year-long renovation incorporates new amenities and increased functionality, and makes a dramatic first impression for tenants and visitors.
GlobeSt.com, July 25, 2016, Kimmerle Group

Design and Planning Firm Bolsters Workforce
Poskanzer Skott Architects has expanded its team of architects and added senior administrative staff, the firm announced, responding to recent growth in the size, scope and diversity of its projects.
NJBIZ, May 10, 2016, Poskanzer Skott Architects

Freehold-based Energy, Infrastructure and Environmental Law Firm Rebrands
The regional law firm, Watson, Stevens, Rutter & Roy, LLP, has changed its name to Rutter & Roy, LLP to better reflect the firm’s current leadership – Michael K. Rutter and Christine A. Roy.
NJ Business Magazine, April 25, 2016, Rutter & Roy

CW Solutions Names Senior Right-Of-Way Project Manager
CW Solutions hired Stacey Colfer as a senior right-of-way project manager. He joins the team as it continues to expand its scope of services and build on its success in the region, according to the announcement.
The Title Report, March 6, 2016, CW Solutions

How you can pay for your grandchild’s college
Q. I want to give money to pay for my grandson’s college. I’ve heard I can put it in a savings account or pay it directly to the college. What are the advantages or disadvantages?
NJ 101.5, January 20, 2016, Tomaro Financial Group

Alkova’s High-Rise Takes Shape in Hackensack
Construction has begun on the Alkova Cos. 328-unit high-rise tower project in downtown Hackensack, N.J., located in the heart of the 160-acre Redevelopment District. Located at 150-170 Main St., the tower will serve as the catalyst for the city’s revitalization, offering residents a place to live, shop and play.
Multihousing News,December 15, 2015, Poskanzer Skott

North Arlington resident joins CW Solutions for land research and right-of-way expertise
North Arlington resident Richard Salvatore has joined CW Solutions, a national real estate services firm, as a right-of-way and land research associate.
NorthJersey.com, December 10, 2015, CW Solutions

Law Firm Marks Five Years of Services for CRE Industry 
Strauss focuses on transactions in the middle market for assets located in the New York/New Jersey metropolitan area as well as across the U.S.
Mann Report, November/December 2015, A.Y. Strauss 

Should Your Kids Have Life Insurance? 
“The untimely passing of a child would be an awful experience. But if it were to happen, in most cases it would not involve a loss of income,” said Vicky Tomaro, a financial planner with Tomaro Financial Group in Wall.
NJ 101.5, November 5, 2015, Tomaro Financial Group

Local to Participate in ‘Women on Top of Their Industries’ discussion at Real Estate Expo
Stacie Curtis, president and founder of CW Solutions, East Brunswick, will join a panel of speakers at the Seventh Annual New York City Real Estate Expo to be held on Wed., Nov. 11 at the New York Hilton in Midtown Manhattan at 1335 Avenue of the Americas.
East Brunswick Sentinel, October 29, 2015, CW Solutions

Triple Play: Attorneys, Entrepreneurs and Work-Life
We asked Aaron to discuss three ways having an entrepreneurial model can help attorneys prioritize a work-life balance.
NJBIZ, October 18, 2015, A.Y. Strauss

Hoboken Business Center Rebranded for New Generation of Office Users
Hoboken Business Center is launching a major revitalization that will provide tenants with improved amenities and help ensure that the multi-tenanted, 80,000-square-foot office building remains a destination for established and growing businesses.
GlobeSt.com, October 7, 2015, JDA Group

Oct. 22: Chef on Demand’s William Stevens to Present Free Demo/Tasting at Chef Central in Paramus, N.J.
Chef William Stevens of Chef on Demand, Bergen County’s premier personal chef service, will present a free cooking demonstration and tasting at culinary superstore Chef Central on Thurs., Oct. 22 at 6:30 p.m. Chef Central is located at 240 Route 17 north in Paramus, N.J.
NorthJersey.com, October 7, 2015, Chef on Demand

JDA Group Launches Hoboken Business Center Revitalization
Hoboken Business Center (HBC) is launching a major revitalization this fall. The changes will provide tenants with improved amenities and help ensure that the multi-tenanted, 80,000-square-foot office building remains a destination for established and growing businesses.
New Jersey Business Magazine, October 6, 2015, JDA Group

Robert Scimeme Joins CW Solutions as Director of Property Research
Robert Scimeme of Princeton has joined CW Solutions as Director of Property Research. He is assisting utility and wireless telecommunication clients with statewide right-of-way acquisition and title permitting projects.
Mid Atlantic Real Estate Journal, September 11-24, 2015, CW Solutions

Robert Scimeme of Princeton has joined CW Solutions as Director of Property Research. He is assisting utility and wireless telecommunication clients with statewide right-of-way acquisition and title permitting projects. – See more at: http://www.caryl.com/robert-scimeme-joins-cw-solutions-as-director-of-property-research/#sthash.GVcxt4OC.dpuf

Personal Chef Services Meet a Growing Consumer Need
The thought of someone spending hours in the kitchen so the whole family can enjoy healthy and nutritious meals is not realistic for many busy households today. No longer reserved for the rich and famous, personal chefs have become an increasingly common – and cost-effective – alternative to traditional takeout and restaurant dining.
Wyckoff Patch, August 18, 2015, Chef on Demand

Skyline Awards: CW Solutions
CW Solutions primarily works on projects throughout New Jersey for utility and wireless telecommunications companies, assisting in areas where these companies are putting in new lines…
New York SmartCEO, July/August 2015, CW Solutions

‘Chef on Demand’ Cooks up Creative Alternatives to Traditional BBQ Fare
The outdoor entertaining season is in full swing. Whether planning a family reunion, company party, or a gathering of friends and neighbors, the most successful – and memorable – backyard events usually start with thinking outside the box.
Wyckoff Patch, July 20, 2015, Chef on Demand

‘Chef on Demand’ Finds Gluten-Free Cooking a Growing Need
Celiac disease – an autoimmune disorder that results in damage to the lining of the small intestine when foods with gluten are consumed – is estimated to affect 1 in 100 people worldwide. For those adhering to a gluten-free diet, planning safe and healthy weekly menus can be overwhelming.
A Greater Town, July 17, 2015, Chef on Demand

‘Chef on Demand’ Brings the Gourmet Meal Experience Home for Time-Pressed Consumers
While a growing number of Americans care about what they eat, many people don’t have time to plan and prepare a healthy meal from scratch. Chef on Demand strives to make life easier, and more delicious, with a modern twist on traditional takeout.
A Greater Town, July 17, 2015, Chef on Demand

Market Research is Key for Building Successful Real Estate Development
For a real estate investment to reach its full investment potential in today’s economic environment, a more intelligent approach is essential.
Mid Atlantic Real Estate Journal, July 17-30, 2015, Marketlogics

Recent Central Jersey Board Appointments
Robert Weible, founding vice president of East Brunswick-based CW Solutions, has been elected treasurer of International Right of Way Association Garden State Chapter 15, Region 4.
MyCentralJersey.com, July 16, 2015, CW Solutions

Don Bosco Sends Off 100th Graduating Class
Bishop John O’Hara of the Archdiocese of New York and noted ’63 alumnus was the keynote speaker at commencement of the 100th graduating class of Don Bosco Prep at its Granatell Stadium.
NorthJersey.com, June 11, 2015, Don Bosco Prep

Vituk Joins CW Solutions as Real Estate Coordinator
East Brunswick-based CW Solutions, a real estate services firm, announced recently that Irene Vituk has joined the firm as real estate coordinator.
NJBiz, January 20, 2015, CW Solutions

Curtis recognized as one of New Jersey’s 2014 “Top 25 Leading Women Entrepreneurs”
Stacie Curtis, left, CW Solutions founder and president, has been recognized as one of New Jersey’s 2014 “Top 25 Leading Women Entrepreneurs.” With her is Linda Wellbrock, LWE founder.
NJBiz, January 19, 2015, CW Solutions

Lobbies Hold the Key to Modern Branding at Office Properties
When it comes to office buildings, the old adage about first impressions holds true, according to Barry Poskanzer, AIA.
Mid Atlantic Real Estate Journal, December 26, 2014 – January 15, 2015, Poskanzer Skott Architects

Coworking Helps Workers Thrive
Coworking spaces and the connective environments they create have become increasingly valuable from both a professional and social standpoint. Greg DellAquila, Mission 50 Workspaces
Small Business Opportunities, March 10, 2014, Mission 50 Workspaces

CW Solutions Expands, Adds Three Employees
CW Solutions has expanded and diversified its services and customer base while adding three new employees…
Mid Atlantic Real Estate Journal, February 13, 2014, CW Solutions

Architect Reflects on Balancing Trends With What Companies Really Need
For better or for worse, open office layouts are among today’s hottest design trends. Advocates say that communal work environments increase collaboration and require less space, which saves money. Those on the other side of the fence cite productivity-sapping distractions and noise. Barry Poskanzer, AIA, a partner with Poskanzer Skott Architects (PSA) of Ridgewood, believes the underlying problem is that companies are approaching their planning with a “one size fits all” mentality.
NorthJersey.com, January 30, 2014, Poskanzer Skott Architects

Entrepreneur Jared OToole Grows His Company At Mission 50 Workspaces In Hoboken, N.J.
Under30CEO Co-Founder Connects and Collaborates in Hudson Countys Premier Coworking Environment
CityBizList, December 17, 2013, Mission 50 Workspaces

CW Solutions Utilizes Legislation to Help Wireless Providers Expedite Small Cell Site Deployment
In todays rapidly evolving telecommunications industry, increased demand is being put on our wireless infrastructure.
Wireless Design Mag, October 08, 2013, CW Solutions

Entrepreneurs Benefit From Shared Space At Mission 50
Finding office space that is priced within reach of a small businesses owner is not always easy.
Small Business Opportunities Mag, August 27, 2013, Mission 50 Workspaces

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Real Estate Finance

NJBIZ CFO of the Year Finalists Announced
NJBIZ has named the finalists for its 2017 CFO of the Year awards. The awards celebrate New Jersey’s financial executives, at all levels, who are vital contributors to the success of their companies as well as the Garden State’s economic growth and stability.
NJBIZ, August 3, 2017, Case Real Estate Capital

How Could a Trump Administration Affect CRE in New Jersey? Experts Weigh in
With inauguration day on the horizon, there has been no slowdown in speculation over how a Donald Trump presidency will impact the commercial real estate sector. Real Estate NJ asked two experts to look at hints the president-elect may have dropped during the campaign and the transition period — however cryptic or uncertain they might have been — and offer their thoughts on how the market will fare in New Jersey and nationally.
Real Estate NJ, January 17, 2017, Case Real Estate Capital, LLC

Executive of the Month: Herrick, Founder and Managing Principal of Case Real Estate Capital: A Natural Leader
Founder and managing principal of Case Real Estate Capital, LLC, industry veteran Sanford Herrick is known for his ability to help investors, owners and developers solve problems and take advantage of opportunities that fall outside the realm of institutional financing. Clients know they can rely on his firm’s local expertise and certainty of funding when it comes to stabilizing transitional assets, even those with “thorny” issues.
New York Real Estate Journal, January 10, 2017, Case Real Estate Capital, LLC

Elie Rieder Named One of Real Estate Forum’s “50 under 40”
Real Estate Forum magazine has named Castle Lanterra Properties’ (CLP) founder and CEO Elie Rieder to it’s “50 under 40” list for 2016. The publication describes this year’s winners as the “cream of the crop,” selected from more than 300 nominees.
Mid Atlantic Real Estate Journal, December 8, 2016, Castle Lanterra Properties

Stabilizing Assets With Turnaround Capital
Heading into the fourth quarter of 2016, commercial mortgage lenders should see a steady velocity of deals as the demand for U.S. commercial real estate shows little sign of abating. For the lender, risk premiums are improving as are loan-to-value ratios. Across sectors and markets, owners and developers of noncash-flowing assets — which often fall in the mid-market range — are looking to private lenders for an infusion of turnaround capital in order to take advantage of this environment.
Scotsman Guide, September 1, 2016, Case Real Estate Capital LLC

Skilled Workforce Fuels Demand for Quality Housing
Castle Lanterra Properties has acquired San Marin, a 220-unit apartment community, and allocated more than $10,000 per unit for upgrades, further enhancing the potential for rent growth.
GlobeSt.com,
August 1, 2016, Castle Lanterra Properties

Case Real Estate Capital Funds $15.1M Acquisition Loan for Fully Entitled Land in New Jersey
Case Real Estate Capital, through Case Investors III, has provided a $15.1 million first mortgage bridge loan to SAMTD Acquisitions Woodbridge LLC, a residential developer, for the purchase of 7.1 acres of fully entitled land in Woodbridge. The property is approved for the construction of 355 residential units. Case expects the borrower to partner with a construction lender within a year to develop the residential property.
REBusinessOnline.com, June 27, 2016, Case Real Estate Capital LLC

Castle Lanterra Properties Buys 224-Unit Multifamily Property in New Jersey for $56M 
Castle Lanterra Properties has acquired River Park, a multifamily property located at 100 River Park Drive in Raritan, for $56 million. Constructed in 2007, the property features 224 multifamily units. Cushman & Wakefield’s Metropolitan Area Capital Markets Group represented the seller, a global insurance group, and procured the buyer in the transaction.
REBusinessOnline.com, March 24, 2016, Castle Lanterra Properties

Case Real Estate Capital and NY-Based Real Estate Credit Fund Enter into Joint Venture Agreement
Case Real Estate Capital, LLC (Case), a commercial real estate investment firm, has entered into a joint venture agreement with a New York-based real estate credit fund. This venture will allow Case to ramp up its investment activities. As Case expands its platform, it will remain focused on deals in the $1.5 million to $30 million range for transitional assets.
CityBizList.com, February 10, 2016, Case Real Estate Capital

Investment Column: Flood of Capital Continues in 2016
Uncertainty around the globe—sharp swings in global commodities and stock markets, as well as political uncertainty—will continue driving investors to commercial real estate in 2016.
Commercial Property Executive, January 20, 2016, Case Real Estate Capital

Case Real Estate Capital Staying Focused on Middle Market
In early 2016, the commercial real estate investment market will continue to experience greater liquidity, but deals may get more challenging to complete as a result of the unclear direction in this peaking cycle, according to Sandy Herrick, founder and managing principal of Case Real Estate Capital.
GlobeSt., December 10, 2015, Case Real Estate Capital

Opportunities Remain in Transitional Properties
During the market’s recovery from the worst recession since The Great Depression, a vast number of once-underwater commercial assets — transitional properties — were recapitalized through private-lending sources, with the goal of achieving conventional financing after stabilization. While the low-hanging fruit has now been tended to, a wide range of opportunities remain for private lenders to work with experienced owners and developers in unlocking the true value of properties.
Scotsman Guide, December 1, 2015, Case Real Estate Capital

Citigroup Lends $110M for New Jersey Multifamily Buy
The New York-based real estate firm Castle Lanterra Properties received $110 million in acquisition financing from Citigroup Global Markets Holdings for the purchase of a 544-unit multifamily complex in Bayonne, N.J., Commercial Observer has learned.
Commercial Observer, October 27, 2015, Castle Lanterra Properties

Castle Lanterra Acquires, Renames Bayonne Apartment Community
Castle Lanterra Properties has acquired Alexan CityView, a 544-unit apartment community on 7.4 acres along the waterfront in Bayonne for $147.5 million. The property is being renamed Harbor Pointe.
GlobeSt.com, October 27, 2015, Castle Lanterra Properties

What’s the Deal: Castle Lanterra Buys Complex in Bayonne
Real-estate company Castle Lanterra Properties added an upscale waterfront apartment complex in Bayonne, N.J., to its portfolio, betting that enhanced amenities and potential development of the surrounding area will bolster the property’s appeal.
The Wall Street Journal, October 25, 2015, Castle Lanterra Properties

Case Real Estate Capital’s Sanford Herrick: “The CRE Market Looks and Feels Like it’s Getting Better”
Commercial real estate continues to be on an upswing, in general, but the market is not without problems. Banks and other traditional lenders are back—but are they much of a factor? What’s the key to success in a cyclical market, and how much of a role does experience play? What parts of the country are doing better than others?
CityBizList.com, September 28, 2015, Case Real Estate Capital

Case Real Estate Capital Purchases 2 NPLs
Commercial real estate investment firm Case Real Estate Capital in Rochelle Park, N.J., has purchase two nonperforming senior notes for $20.5 million. The nonperforming loans are secured by nine net-leased properties across New Jersey, New York, Connecticut and Massachusetts. Case also secured ownership through a deed-in-lieu of foreclosure agreement as part of the deal.
National Mortgage News, September 14, 2015, Case Real Estate Capital

Removing Complexity in Financing Transitional Assets
With the economic recovery underway, real estate capital markets liquidity has returned and market fundamentals have improved in stride.
Mann Report, August 1, 2015, Case Real Estate Capital

Triple Play: What Private Investment Firms Accomplish With Their Funding
Triple Play is a weekly NJBIZ feature that asks top executives in New Jersey to talk about three things related to their industry. Sandy Herrick is the founder and managing principal of Case Real Estate Capital, a real estate investment company active as a private lender, purchaser of sub- and nonperforming debt, and equity investor. We asked Sandy to discuss three things that private investment firms accomplish with their funding.
NJBIZ, July 19, 2015, Case Real Estate Capital

Removing Complexity in Financing Transitional Assets
With the economic recovery underway, real estate capital markets liquidity has returned and market fundamentals have improved in stride.
Mid Atlantic Real Estate Journal, April 24 – May 14, 2015, Case Real Estate Capital

Emerging Leaders: Jon Leifer, Case Real Estate Capital, LLC
In the Spring of 2014, Jon Leifer joined Case as director, acquisitions. At Case, he is responsible for sourcing, evaluating, negotiating, and closing investments in performing, sub- and non-performing notes and transitional properties.
Real Estate Forum, April 2015, Case Real Estate Capital

Case Real Estate Capital Broadening its Platform in 2015
Commercial real estate will remain an attractive investment throughout 2015 with returns on competitive asset classes like stocks and bonds staying relatively low, according to the investment and origination principals of Case Real Estate Capital, LLC (Case). A northern New Jersey-based situational lender and commercial real estate investment company, Case is active in high-yield, sub- and non-performing debt.
Mid Atlantic Real Estate Journal, March 25, 2015, Case Real Estate Capital

Case Buys Coconut Grove Note
Case Real Estate Capital, LLC, has finalized the purchase of a non-performing senior note, with claims totaling $14 million, secured by a 31,000 s/f urban retail property in the Coconut Grove neighborhood of Miami, Fla.
Real Estate Weekly, February 12, 2015, Case Real Estate Capital 

Case Real Estate Capital, LLC Funds Loan for a Luxury Condominium in Sought-After Millennium Tower in Manhattan
Mid Atlantic Real Estate Journal, January 30, 2014, Case Real Estate Capital

No Shortage of Buyers Expected; Just a Shortage of Financing
The supply of real estate properties will continue to grow, more assets are changing hands, increased competition for those assets has begun to drive up values and interest rates have started to rise.
Real Estate Weekly, October 02, 2013, Case Real Estate Capital, LLC

N.J.-Based Realty Group Buys Midlothian Village
Midlothian Village, a 216-unit apartment complex in South Richmond, has been bought by Tryko Partners LLC, a New Jersey-based private equity real estate group.
Richmond Times Dispatch, May 29, 2013, Tryko Partners

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Residential Real Estate

At Long Last: Beachfront, Downtown Projects Move Ahead in Jersey Shore Town
For all the talk of revitalizing Long Branch – a concept that goes back decades – Mayor Adam Schneider points to a meeting that has stuck with him more than 20 years later.
Real Estate NJ, May 1, 2017, South Beach at Long Branch

Developer Opens New Senior Housing Complex in Barnegat
The Walters Group has opened the doors to a new 70-unit age-restricted community in Barnegat, touting a project that was completed less than a year after it closed on the property.
Dubbed Cornerstone at Barnegat, the three-story complex is located at 9 South Main St. in the township. It is also income-restricted, made up of one- and two-bedroom units and a host of amenity spaces that were incorporated with seniors in mind.
Real Estate NJ, December 22, 2016, The Walters Group

Sloans Apartment Sells for $103 Million
Castle Lanterra Properties paid $102.8 million for the 369-unit Alexan Sloan’s Lake apartment community, marking its first purchase in Denver. CLP, based in New York City, purchased the 369-unit, newly constructed community at 1550 Raleigh St. from Trammell Crow Residential.
Colorado Real Estate Journal, December 22, 2016, Castle Lanterra Properties

Alexan Sloan’s Lake Apartment Complex Sells for $103 Million
Alexan Sloan’s Lake, a brand-new apartment complex located at 1550 Raleigh St., has sold for nearly $103 million to New York-based real estate investment firm Castle Lanterra Properties. The 369-unit complex was developed by Trammell Crow Residential, with construction completed earlier this year.
Denver Business Journal, December 21, 2016, Castle Lanterra Properties

Castle Lanterra Enters Atlanta Multifamily Market
Castle Lanterra Properties announced its entry into the Atlanta marketplace with the acquisition of Alta Coventry Station. Built in 2008, the 322-unit community located in the South Fulton submarket, offers one-, two- and three bedroom units featuring nine-foot ceilings, oversized balconies, private patios, crown molding, eat-in kitchens and washers and dryers.
Multi Housing News, December 16, 2016, Castle Lanterra Properties

Castle Lanterra Expands Its Texas Portfolio With Springs at Corpus Christi
Suffern, N.Y.–based Castle Lanterra Properties (CLP) has added the 284-unit Springs at Corpus Christi to its expanding Texas multifamily portfolio, which now includes 2,131 units across six properties. Springs at Corpus Christi is CLP’s second multifamily acquisition in Corpus Christi, following its 220-unit San Marin property acquisition in July.
Multifamily Executive, December 12, 2016, Castle Lanterra Properties

Middle Market Digest Northeast for Friday, December 2, 2016
NJ Bankers president John McWeeney described the outlook as “an opportunity for meaningful change for the better,” at a meeting of bank marketers this week. He described the government transition as a “high-risk administration,” that nevertheless offers an opportunity for tax reform and regulatory relief that should benefit commercial banks.
GlobeSt.com, December 2, 2016, The S.Hekemian Group

VIVIAN’s Grand Opening Redefines Contemporary Living at Englewood South
The S.Hekemian Group’s (SHG) newest completed Englewood South residential property, is experiencing robust leasing activity following its grand opening. The luxury building, managed by Roseland, a Mack Cali-Company, is available for occupancy. Possessing one- and two-bedroom units, VIVIAN offers rents beginning at $2,200 per month. The 195-unit, pet-friendly, stylish property features upscale amenities, strong sustainability and is minutes from Manhattan and the New York Metropolitan area.
CityBizList.com, December 1, 2016, The S.Hekemian Group

Four Years After Sandy: Changes in Construction at the Jersey Shore

Four years ago Hurricane Sandy devastated the Jersey Shore, leaving many residents to pick up the pieces of their damaged homes. From the start, Walters Homes wanted to be part of the effort to rebuild proactive resilient housing. Today, homes are being rebuilt in a very different way than they were originally constructed, especially in flood-prone areas.

Green Home Builder, November/December issue, Walters Homes

Affordable Housing in Former Factory Site’s Future, Report Says
The property where a former pipe factory stood for four decades will become 64 units of affordable housing. According to the Burlington County Times, the Cornerstone at Delanco is being built by the Ocean County-based Walters Group and will replace the former Rhawn Flange and Machine Co. that was demolished after a 2014 fire.
NJ.com, November 30, 2016, Walters Group

Walters Group Builds Income-Restricted Senior Apartments in Toms River
Walters Group is building the seniors housing community on an 11-acre site at the intersection of Massachusetts Ave. and Cox Cro Road, which will remain largely wooded and preserved.
GlobeSt.com, November 23, 2016, Walters Group

Senior Apartments Gain Final Approval in Seaside Heights
A plan to raze the former Travel Inn Motel and a plot of land owned by Seaside Lumber and replace the properties with a 91-unit senior citizen apartment complex has received final approval from the Seaside Heights Planning Board. The board memorialized a resolution approving a final site plan for the project over the last few weeks, officials said.
Lavellette-Seaside Shorebeat, November 15, 2016, Walters Group

Architects Play a Key Role in Developing Multi-Family Projects
When it comes to designing and building multi-family housing, the importance of the relationship among the developer, architect and municipalities can be overstated.
Builder & Developer, November 1, 2016, Poskanzer Skott Architects

Lessons Learned from Hurricane Sandy
Nearly four years ago, one of the most destructive storms to hit the Northeast struck the Jersey Shore, bringing record winds and flooding that destroyed homes and lives. Since then, many coastal residents have rebounded and rebuilt their damaged homes, making them stronger and safer than they were before the storm. The Jersey Shore landscape has changed from old cottages and bungalows replaced by spacious elevated homes.
Builder, October 6, 2016, Walters Homes

Q&A with Walters Homes: Lessons Learned Four Years After Hurricane Sandy
The Jersey Shore landscape has been forever altered by Hurricane Sandy. Walters Homes rebuilding experts, Matthew Gaudet-Walters and Austin Bocchicchio discuss some of these changes and the lessons that residents and builders have learned.
GlobeSt.com, September 28, 2016, Walters Homes

Construction Underway on Phase One of Cornerstone at Lacey
Construction is underway on the first phase of Cornerstone at Lacey, a new 70-unit affordable rental community for families. The project, being developed by Walters Group, will fill a need for affordable housing in the township as well as give priority to Sandy-impacted residents. Work on the project began in the spring and the first building is expected to be ready for occupancy in February 2017.
NorthJersey.com, September 27, 2016, Walters Group

Two Group Homes Move Forward In Brick
Two township-owned properties are to become new group homes for adults with disabilities which would also count toward the township’s affordable housing obligations as “scattered site” housing.
The Brick Times, September 2, 2016, Walters Group

Garden Apartments Help Shape the N.J. Landscape
In North Jersey, garden apartment buildings are a little like pizzerias — there’s at least one in every town. These two-story rectangles, usually faced with brick and set on grassy lawns, date to a post-World War II suburban building boom that also gave rise to strip malls and modest single-family subdivisions across the region.
NorthJersey.com, August 28, 2016, Alfred Sanzari Enterprises, Poskanzer Skott Architects

9 Shore Affordable Home Projects Get Sandy Aid
New Jersey has approved $136 million in apartment development loans that are expected to spark nearly a quarter billion dollars in new affordable housing construction, most of which is headed for Monmouth and Ocean counties.
APP.com, August 10, 2016, Walters Group

Ceremony Kicks Off Construction of Luxury Condos at Long Branch Beach
The shovel hit the dirt Tuesday, marking the start of construction on South Beach at Long Branch — a $40 million dollar, luxury condominium project at the beachfront. It should take about two years or less to build and is expected to be a major draw to the city, sharing the skyline with Pier Village, just two blocks north.
APP.com, August 2, 2016, FEM Real Estate

Luxury Condo Project at The Jersey Shore Breaks Ground
The first major development project for the southern end of the city’s oceanfront redevelopment zone held its ceremonial groundbreaking on Tuesday. Officials estimate the 47-unit luxury beachfront project, South Beach at Long Branch, will be completed in two years. But local and state officials have been eagerly waiting the groundbreaking since the city’s Zoning Board approved the development nearly two years ago.

NJ.com, August 2, 2016, FEM Real Estate
Albertson Village Luxury Apartments Offers Residents Top Amenities
Leasing activity has been strong at Albertson Village, which opened in September of last year by Walters Group. Only seven apartment units remain in the 82-unit luxury residential community located in the Westmont section of Haddon Township.
GloucesterCityNews.net, August 2, 2016, Walters Group

Walters Group Receives LEED Certification for Two Camden County Projects
Walters Group, a leading residential and commercial developer, has been awarded LEED Gold certification established by the U.S. Green Building Council for Albertson Village Apartments in Haddon Township and LEED Silver for its 8,000-square-foot office building at 21 Euclid Ave. in Haddonfield.
Mid Atlantic Real Estate Journal, July 14, 2016, Walters Group

Walters Group Receives LEED Certification for Two Camden County Projects
Walters Group, a residential and commercial developer, has been awarded LEED® Gold certification established by the U.S. Green Building Council for Albertson Village Apartments in Haddon Township and LEED® Silver for its 8,000-square-foot office building at 21 Euclid Ave. in Haddonfield.
New Jersey Business, June 8, 2016, Walters Group

Walters Group Recognized for its Good Work by CIANJ
Walters Group has been recognized as a champion of good works in New Jersey, employing a strategy of caring about their employees, customers and community. The Commerce and Industry Association of New Jersey (CIANJ) saluted their generosity by naming the regional developer a finalist in their “Companies that Care” program.
NJ.com, April 26, 2016, Walters Group

Buzz About New Biz in Stafford Township
Stafford Township is a growing municipality with construction projects going up seemingly here, there and everywhere. Zoning official Bonnie Flynn shed some light on what’s what.
TheSandpaper.net, April 20, 2016, Walters Group

Walters Homes Identifies 5 Top Trends in Residential Rebuild Projects
Rebuilding a home is an opportunity for residents to consider what amenities they need and want and what make sense for their current lifestyle, according to Matthew Gaudet-Walters, sales representative for Walters Homes.
NJ.com, April 13, 2016, Walters Homes

Affordable housing projects move forward at the shore
Developers looking to add 317 units of affordable housing in Monmouth and Ocean counties, including rare below-market units for families, have received a preliminary OK from the state.
All told, five projects — Seaside Senior Apartments, Toms River Family Apartments, Megill Road Apartments in Wall, Stafford Senior Apartments and Willows at Whiting — sought public financing, including millions in low-interest loans from the superstorm Sandy federal aid package.
APP.com, March 25, 2016, Walters Group

Walters Builds Homes to Weather Winter Storms
Beach living at the Jersey Shore conjures up images of sand and sun. But severe weather can bring dark clouds of potential damage and destruction from hurricanes, high winds and flooding. “The recent winter storms that hit this area are a reminder that living at the shore has risks, as well as rewards. The best way to mitigate those risks is to rebuild homes above the floodplain,” said Matthew-Gaudet-Walters, sales representative for Walters Homes.
NorthJersey.com, March 11, 2016, Walters Group
How Long Does it Take to Build a House?

The answer to this question is the same as it is for many, which is “that depends.” According to the 2014 Survey of Construction from the Census Bureau (the most recent for which data is available), the average completion time of a single-family home is around seven months.
NewHomeSource.com, March 1, 2016, Walters Group

Walters Group to bring 70 affordable housing units to Barnegat
Construction is underway on Cornerstone at Barnegat, a new 70-unit affordable rental community for seniors being developed by the Walters Group. The project will fill a need for senior (55+) affordable housing in the township as well as give priority to Sandy-impacted residents.
NJ.com, February 8, 2016, Walters Group

South Jersey Update: ‘2016 Looks to be a Great Year!’
A year ago, the mood regarding South Jersey’s economy was mixed, with growing signs of optimism partially offset by some bad news. For 2016, the mood is upbeat.
New Jersey Business, February 1, 2016, Walters Group

Build shore home now for fall move-in
If building or rebuilding a home is on your list of resolutions for 2016, then starting the process this winter is a smart move, according to Matthew Gaudet-Walters, sales representative for Walters Group-ReBUILD who works with customers all year-round at the Jersey Shore.
NorthJersey.com, January 22, 2016, Walters Group

Is Buying a Model Home the Worst—or the Best—Decision Ever?
Ah, the fabled model home—the first one built in a subdivision, the builder’s crowning jewel, the one packed from floorboards to rooftop with awesome features and too-cool-for-school extras. They’re an oh-so-seductive tool to tempt buyers into not only purchasing one of their homes, but also to shell out for some of those good-looking upgrades.
Realtor.com, January 12, 2016, Walters Group

Town Paves Way for Walters Group to Build More Affordable Housing in Business Park
The Stafford Township mayor and council voted Sept. 22 to amend the town’s existing agreement with Stafford Business Park, allowing its developer, The Walters Group, to build 102 age-restricted, affordable housing units with federal Sandy relief funding.
The SandPaper, September 30, 2015, Walters Group

110-Unit Affordable Housing Apartment Complex Eyed in Lacey
Township officials have approved a deal with real estate development firm Walters Group to build a 70-unit affordable housing apartment complex off Lacey Road with the potential for an additional 40 units to be added to the project.
Micromedia Publications, September 18, 2015, Walters Group

Looking for that Mix of Urban and Suburban Living
Elie Rieder has no doubt that the multifamily market in Chicago has plenty of boom years left. That’s why his company, Castle Lanterra Properties, has purchased its first multifamily property in the city, the former Southgate Apartments in the Mt. Greenwood neighborhood on the south side of Chicago. Castle Lanterra paid $28.5 million for the 425-unit eight-building property.
Midwest Real Estate News, August 31, 2015, Castle Lanterra Properties

Windy City Apartments Undergo Major Revamp
A 424-unit apartment community in southwest Chicago is getting a fresh start.
Castle Lanterra Properties (CLP) is investing in substantial upgrades at a 42-year-old multifamily community previously known as Southgate Apartments. The New York City-based company acquired the property in April 2014, and has since allocated $3 million for upgrades at the site.
Multi-Housing News, August 31, 2015, Castle Lanterra Properties

The Importance of Active Asset Management in Multifamily
Investors in multifamily real estate are often attracted by the high levels of dependable cash flow that many properties can generate. However, few properties can be acquired and safely ignored by owners who are not hands-on in their approach.
Mid Atlantic Real Estate Journal, August 28 – September 10, 2015, Castle Lanterra Properties
Affordable Housing Community in Camden Changes Hands
A 184-unit affordable housing community on South 8th Street in Camden has a new owner. Tryko Partners of New Jersey recently purchased the Liberty Park Townhomes from Vesta Corp. of Connecticut for an undisclosed amount.
Commercial Property Executive, August 26, 2015, Tryko Partners

Rebuilding at The Jersey Shore
Shawn Michaels and the Hometown Crew out in Ortley Beach as we “Rebuild” at the Jersey Shore. Check out what’s happening in Ortley with Walters Homes.
WOBM, August 1, 2015, Walters Homes

REBuild Introduces New Jersey Shore Design
The Ketch, the newest house plan offered by Walters Homes-ReBUILD, was designed with the desires of Jersey Shore homeowners in mind.
NorthJersey.com, March 13, 2015, Walters Group

Banking on Interior Renovations
Baltimore—A joint venture acquisition between Tryko Partners LLC and Investcorp of Fairways at Towson Apartments, an 828-unit apartment community in Baltimore, has been announced.
Multi-Housing News, March 6, 2015, Tryko Partners

Luxury and Urban Living Come Together at Parkway Lofts
Living the “high” life is taking on a whole new meaning at Parkway Lofts in Bloomfield. The community’s well-appointed one-bedroom penthouse apartments are representative of luxury living, offering a combination of elegance and functionality ideally suited for today’s discriminating renters.
NorthJersey.com, May 22, 2014, Prism Capital Partners, Parkway Lofts

Meet the Builder Events to Address Storm Rebuilding
The ReBUILD division of Walters Homes will host two Meet the Builder events to give real estate agents and homeowners the opportunity to consult with Walters Group’s management as well as representatives from Advisors Mortgage Group and Surety Title Agency Coastal Region.
NorthJersey.com, April 25, 2014, Walters Group

Prism Capital Partners Adds Resident-Only Store to NJ MF Development
As a special amenity for its residents, Prism Capital Partners LLC has opened a convenience store in its newly opened Parkway Lofts, a 361-apartment multifamily that was redeveloped from a century-old landmark of a six-story warehouse.
Multi Housing News Online, April 24, 2014, Prism Capital Partners, Parkway Lofts

Allendale Community for Mature Living Rebrands Itself
The Allendale Community for Mature Living has launched a comprehensive rebranding initiative that incorporates a name change and an updated visual identity. The new name, “The Allendale Community for Senior Living,” more accurately reflects the communitys position as a premier continuum-of-care senior residence and healthcare campus.
NorthJersey.com, March 20, 2014, Allendale Community for Mature Living

A Look Inside Bloomfields Parkway Lofts
Call it funky luxury. Parkway Lofts in Bloomfield shared this look at a one bedroom loft apartments in the adaptive re-use building.
Baristanet, March 14, 2014, Parkway Lofts

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Retail

More Retailers are Stepping Up Technology to Attract Shoppers
A new retail sentiment survey by Levin Management Corporation, a North Plainfield-based commercial real estate services firm, finds brick-and-mortar retailers are adopting e-commerce and technology to help bring customers into their stores.
NJ 101.5, July 7, 2017, Levin Management Corporation

Experts Talk Retail at NAIOP NJ Chapter Meeting
Food, fitness, ICSC 2017 and, of course, millennials were the themes of the New Jersey chapter meeting of the National Association of Industrial and Office Properties on Tuesday.
NJBIZ, June 7, 2017, Colliers International, Cushman & Wakefield, NAIOP New Jersey

Jersey Retailers Optimistic About 2017 and Not Worried About Online Competition
A survey of bricks-and-mortar retailers in the state by a real estate management firm found a lot of optimism about the new year. Many also say they not only co-exist with online retailing, they have incorporated it into their operations.
NJ 101.5, February 6, 2017, Levin Management

Inserra Grows Partnerships With Local Farmers
Inserra Supermarkets is expanding its partnerships with New Jersey farmers, bringing locally sourced produce to all 22 of its ShopRite stores in New Jersey and New York.
Progressive Grocer, January 30, 2017, Inserra Supermarkets

Inserra Supermarkets Supports Diabetes Research
Through a companywide fundraising effort, family-owned Inserra Supermarkets, which operates 22 ShopRite stores and one PriceRite store in New Jersey and New York, has raised more than $200,000 to support the Diabetes Research Institute (DRI) and its foundation (DRIF).
Progressive Grocer, December 22, 2016, Inserra Supermarkets

SuperFresh Replaces Pathmark in Irvington Center
A new SuperFresh supermarket has opened at Lyons Plaza in Irvington, according to real estate developer Eastman Companies. The 48,720-square-foot supermarket, part of the Key Food Stores cooperative, takes the place of a former Pathmark in the 78,000-square-foot neighborhood shopping center, a joint venture of the Livingston-based Eastman Companies, Samuel Pepper of Metropolitan Mortgage & Realty Inc. and the Arlyn/Lysar Companies.
NJBIZ.com, October 4, 2016, Eastman Companies

Boating Store Floats Woodbridge Retail Center to Full Occupancy
St. Georges Crossing is one of a number of properties within Levin’s shopping center portfolio to reach 100 percent occupancy in recent months.
GlobeSt.com, September 16, 2016, Levin Management

Little Guys Thinking Big as Retail Landscape Shifts Again
The re-invention of retail is underway, driven by technology advances and new shopper preferences. The impact of mobile and online are obvious. Less quantifiable is the attitudinal shift from acquisition to experience among consumers.
Real Estate Weekly, September 14, 2016, Levin Management

Five Below Opens at Stafford Park in Ocean County
Philadelphia-based Five Below, a retail store chain, is the newest business to open at the Stafford Park Shopping Center in Ocean County. The 400,000-square-foot center is owned and managed by Walters Group. Five Below will be taking up 8,176 square feet at the center.
NJBIZ.com, August 30, 2016, Walters Group

Levin Management Selected to Lease Sports Authority Space in Paramus, New Jersey
North Plainfield-based commercial real estate services firm Levin Management announced Monday that it had been selected to lease the retail space, which became available last week after the Sports Authority concluded a liquidation sale at that store.
NorthJersey.com, August 23, 2016, Levin Management

New Jersey’s Strip Malls Adapt
Matthew Harding, president of Levin Management, which owns 95 shopping centers, including the Paramus Place center on Route 4, said the company is trying to bring in more experience-based tenants, such as gyms or children’s play spaces, or restaurants, when it fills vacancies in its centers.
NorthJersey.com, June 26, 2016, Levin Management

Thereʼs No Such Thing as Bullet Proof in Retail, says Levin Leasing Boss
With an expanding investment advisory practice and 21 new retail leasing and management assignments over the past 28 months, Levin Management is observing stepped-up demand for third-party retail real estate services.
Real Estate Weekly, May 25, 2016, Levin Management

Accommodating the Retail Anchor Evolution
According to Levin Management’s Matthew Harding, continued momentum provides opportunities for property reinvention.
GlobeSt.com, May 19, 2016, Levin Management

Different kind of deli expands in Northeast
“We are pleased to welcome McAlister’s Deli to our growing retail tenant mix, and are confident the restaurant will become an integral part of the local dining landscape and a strong part of the community,” said Peter Schofel, Livingston-based Eastman Companies’ managing partner.
Chain Store Age, May 4, 2016, Eastman Companies

Levin Management Expands Portfolio With New Retail Assignment
Retail real estate services organization, Levin Management has been named property management firm for Essex Green, a 351,000 s/f, grocery-anchored shopping center at 495 Prospect Ave. in West Orange.
Real Estate Weekly, March 18, 2016, Levin Management

Levin Says It Was Strong Year For Retail Lease Activity
Retail real estate services firm Levin Management touted the strength of its leasing activity Monday, reporting more than 539,000 square feet of transactions over the past 12 months.
NJBIZ, March 1, 2016, Levin Management

Walters Group Breaks Ground for Five Below at Stafford Park Shopping Center in New Jersey
Walters Group is constructing a Five Below store at Stafford Park Shopping Center in Stafford Township.
REBusiness Online, February 16, 2016, Walters Group

Crunch Fitness signs lease at Rutgers Plaza
Crunch Fitness, the national gym chain, has signed a lease for 23,000 square feet at a Franklin Township shopping plaza, according to Levin Management.
NJBIZ, January 19, 2016, Levin Management

Walters Group secures lease for ACME Markets in Barnegat
Walters Group has secured a lease with ACME Markets to open a new grocery store at Barnegat Village Square, filling a space formerly occupied by Genuardi’s that has been dark since 2012.
APP.com, January 13, 2016, Walters Group

Global Shopping Day
Though Black Friday has been kicking off the U.S. holiday shopping season for decades, it was not until the 1990s that retailers began throwing open their doors for business in the predawn hours of that day, with a few especially audacious ones, such as Garden Ridge (initially called Garden Ridge Pottery and today called At Home), doing the absolutely unheard-of: opening on Thanksgiving night.
Shopping Centers Today, January 2016, Levin Management

Retailers Still Building ‘Bricks’ in the Age of ‘Clicks’
The Black Friday sales results this year were seen as a sign that clicks — online sales — are winning the war against bricks — physical stores.
NorthJersey.com, December 13, 2015, Levin Management

Levin Management Adds Two New Shopping Center Assignments
Retail real estate services firm Levin Management of North Plainfield, N.J., has added two shopping centers — on behalf of two new clients — to its portfolio.
Retail Facility Business, November 30, 2015, Levin Management

Retail Tenants Head into Holiday Season on Positive Trajectory
Retailers within Levin Management’s 95-property, 13 million-square-foot leasing and management portfolio are heading into the holiday shopping season on a positive trajectory.
Real Estate Weekly, November 19, 2015, Levin Management

Acme to Open Supermarket in Barnegat
Acme Markets will open in the space once occupied by Genuardis, a spot vacant since late 2012. The fifth Ocean County location of Acme will come to the Barnegat Village Square shopping center on West Bay Avenue at a specific time not yet announced.
Micromedia Publications, August 28, 2015, Walters Group

Trio of New Tenants at Hackensack Retail Center
Three new tenants, a dental center, a martial arts school, and a Mediterranean restaurant, are now open at Alfred Sanzari Enterprises’ Summit Plaza in Hackensack, NJ.
GlobeSt.com, August 25, 2015, Alfred Sanzari Enterprises

Robust Northeast Retail Real Estate Market Spurs Increased Construction Flight to Quality, a Common Theme for Expansions and New Developments
The Northeast retail real estate market is robust heading into the heart of 2015. As a result of assertive leasing by tenants looking to establish or expand their footprint here, much of the available prime retail space has been absorbed–and what remains is commanding higher pricing.
Mann Report, August 2015, Levin Management

2015 Top Property Managers
A prime location and the newest asset on the block mean nothing without proper property management.
Commercial Property Executive, August 1, 2015, Levin Management

TITLE Boxing Club Inks Lease at Summit Plaza in Hackensack
Fitness franchise TITLE Boxing Club has leased 4,000 square feet at Summit Plaza in Hackensack. The 100,000-square-foot Bergen County shopping center is owned and managed by Alfred Sanzari Enterprises.
CityBizList, July 15, 2015, Alfred Sanzari Enterprises

Levin Survey Shows Store Expansion, Tech-Driven Marketing
Nearly one-third (31.1% ) of retailers report that their companies have opened or will open new stores this year, according to a survey by retail real estate management firm Levin Management. It is the highest mid-year percentage in the four years for which comparative Levin survey data is available.
Chain Store Age, June 24, 2015, Levin Management

Retail Business is Booming in Livingston
Pick a national retailer or restaurant chain, and chances are, you’ll find it in Livingston. In recent years, this Western Essex County community has emerged as one of Northern New Jersey’s primary economic hubs, attracting a growing number of brand-name national and regional retailers to complement its many home-grown businesses.
NJ Business Magazine, May 22, 2015, Eastman Companies

Inserra Supermarkets Names Ron Onorato as New President and COO
Inserra Supermarkets has named Ron Onorato as its new president and COO. Onorato takes over the role as Steve Chalas retires from the family-owned ShopRite chain after a more than 50-year distinguished career.
NJ Business Magazine, March 16, 2015, Inserra Supermarkets

Housewares firm Tuesday Morning takes space in Paramus Place
Tuesday Morning, the Dallas-based off-price home décor and gifts retailer, has signed a lease to occupy 15,000 square feet of vacant space at the Paramus Place shopping center on Route 4, said Levin Management, the center’s management company, on Wednesday.
NorthJersey.com, March 11, 2015, Levin Management

Exclusive: As Leasing Demand Picks Up, the Next Generation of Retail Tenants Takes Hold 
The most successful concepts are leveraging technology and new approaches.
Chain Store Age, February 19, 2015, Levin Management

Cohen of Levin Management Negotiates 41,300 s/f Lease to Dave & Buster’s at Post Road Plaza
Dave & Buster’s, the casual dining/entertainment chain, has leased 41,300 s/f at Post Rd. Plaza, according to Levin Management, exclusive leasing and managing agent for the 260,000 s/f shopping center.
New York Real Estate Journal, May 05, 2014, Levin Management

ShopRite Operator Honors Associates on Cheerios Box
Inserra Supermarkets, an operator of 21 ShopRite store in New York and New Jersey, is paying tribute to its associates who are appearing on a special-edition Cheerios box for raising the most money through the banners Partners in Caring charitable program, with recognition events at five New Jersey locations.
Progressive Grocer, March 18, 2014, Inserra Supermarkets

Inserra joins Hackensack and Ramsey Residents for Wellness Challenge
Inserra Supermarkets is teaming up with the Borough of Ramsey and City of Hackensack for their community-wide wellness and weight-loss challenges.
NorthJersey.com, March 06, 2014, Inserra Supermarkets

Levin Announces 27 Lease Transactions
Levin Management inked 27 new leases and lease renewals totaling more than 190,000 sq. ft. over the past several months.
Chain Store Age , February 07, 2014, Levin Management

Survey Forecasts Early Holiday Shopping and Uptick in 2014 Store Openings
Forty-three percent of respondents to Levin Managements annual pre-holiday retail sentiment survey believe that their holiday sales will peak prior to and during the Thanksgiving/Black Friday weekend sales period.
Chain Store Age, November 14, 2013, Levin Management

Levin: Retail Leasing Remains Strong Through Summer
Retail leasing activity remained strong through the spring and summer months of 2013, according to Levin Management, which reports more than 295,000 sq. ft. of renewals and transactions from Easter through Labor Day.
Chain Store Age , October 14, 2013, Levin Management

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Technology

The Growing Popularity of CIOs and VCIOs: What’s it All About?
As a small or mid-size commercial real estate company, what does your c-suite look like?
Mid Atlantic Real Estate Journal, March 10, 2017, Integrated Business Systems

Cloud Cover: How Software is Pushing the Barriers
Real estate technology has grown increasingly available and ever more transparent.
CPExecutive, March 1, 2017, Castle Lanterra, Integrated Business Systems

Next Generation Property Management Event Delivers Powerful Insights
Modern property management is at a crossroads where old methodologies meet new efficiencies and improved levels of customer service via technology.
cre.tech, March 1, 2017, Integrated Business Systems

Acumatica Certifies IBS’s Imperium Lease Management/Accounting Application
Real estate technology software provider Integrated Business Systems (IBS) today announced that its new, cloud-based Imperium Powered by Acumatica lease management/accounting software has been recognized as an Acumatica-Certified Application (ACA).
CityBizList, September 26, 2016, Integrated Business Systems

Cybercrime: The Importance of Knowledge, Preparation, and Vigilance
Cyber-safety, a common term used to describe a set of practices, measures and/or actions that protect technology and information from attacks, is a hot topic in business these days. Every company – whether large or small – is a target for cybercrime, and being prepared and vigilant has become an absolute necessity.
CIO Review, August 2016, Integrated Business Systems 

IBS Releases New Updates for its Lease Management System
IBS – Integrated Business Systems, Inc. released version 2.0 of Imperium powered by Acumatica – its cloud-based lease management/accounting system.
CIO Review, July 14, 2016, Integrated Business Systems

IBS’ Mike Mullin Serves on NJBIA Cybersecurity Panel
Mike Mullin, president of business technology solutions firm Integrated Business Systems, served as a panelist at the New Jersey Business & Industry Association’s May Cybersecurity Summit.
MyCentralJersey.com, May 25, 2016, Integrated Business Systems

Considering Cloud Property Management/Accounting? Start by Calculating Anticipated ROI
When it comes to gaining accessibility and a comprehensive view of multifamily or commercial real estate organization’s processes, the benefits of cloud-based property management and accounting are obvious.
Mid Atlantic Real Estate Journal, May 13-26, 2016, Integrated Business Systems

IBS Releases New Cloud-Based Property Management/Accounting System
Integrated Business Systems (IBS), provider of in-house computer management systems, releases Version 1.0 of its new, cloud-based property management/accounting system – Imperium Powered by Acumatica.
CIO Review, February 3, 2016, Integrated Business Systems  

Cybercrime: The Importance of Knowledge, Preparation & Vigilance
Mid Atlantic Real Estate Journal, February 11, 2016, Integrated Business Systems

Business Continuity Planning Vital to SMBs
The disruption to data networks in New Jersey businesses caused by Super Storm Sandy, and the more recent multi-day power outages around the southern part of the state from severe summer storms underscores the need for advance planning for keeping a business operating when infrastructure is impaired.
GlobeSt.com, September 4, 2015, Integrated Business Systems

Mullin: Business Continuity in a Technology-Dependent World
In today’s technology-dependent business world, when access to data and software is interrupted, whether by a temporary power outage or a full-scale disaster, the ability to conduct business is, too. In an age where data is king, the idea that it can be lost so easily should be enough to encourage organizations to take steps to protect it.
New Jersey Business Magazine, August 26, 2015, Integrated Business Systems

Greg Dembek Re-joins IBS as Senior Field Engineer
Greg Dembek has re-joined Integrated Business Systems (IBS) in Totowa as senior field engineer in the technology firm’s Managed IT Services division. IBS initially hired the Clifton, N.J., resident in 1999 – the same year it launched the division; he spent 15 years there prior to temporarily relocating out of state.
Mid Atlantic Real Estate Journal, July 17-30, 2015, Integrated Business Systems

Integrated Business Systems: Proven Products to Ensure Reliable Network Infrastructure
Today’s highly complex IT infrastructure is changing at a rapid rate, prompting an increasing number of organizations to outsource their IT function through firms like Integrated Business Systems.
CIO Review, 2015 Special [June], Integrated Business Systems

IBS Becomes Acumatica Reseller, Development Partner
Integrated Business Systems announced it has partnered with Acumatica to sell its cloud-based accounting software and develop a new, property management-specific system module.
Accounting Today, March 30, 2015, Integrated Business Systems

Triple Play: What Technology the Commercial Real Estate World Should Be Watching
NJBIZ asked Mike Mullin of Integrated Business Systems for the three biggest technology “stories” for the commercial real estate industry — and others — to watch in 2015.
NJBIZ, March 24, 2015, Integrated Business Systems

Zeroing In On Online Security
Headlines during the past year about credit card and personal information being hacked from information databases have some consumers a bit on edge about making financial transactions online.
UNITS, March 2015, Integrated Business Systems

Change: Vital for Moving Forward, yet Universally Challenging
Change. Business leaders recognize that transformation is one of the most vital keys to successfully moving companies forward. They also know that it can be one of the most challenging hurdles. As a technology firm serving the commercial real estate industry, we are on the front lines of this operational paradox on a daily basis, and we constantly observe, first hand, the importance of good change management practices.
Mid Atlantic Real Estate Journal, May 15, 2014, Integrated Business Systems

IBS Version 11.0 Takes Advantage Of New, Web-Based Functionality
Integrated Business Systems recently released Version 11.0 of its property management and accounting software.
Mann Report, February 01, 2014, Integrated Business Systems

Startups Thrive in Shared Office Environments
Interest in coworking, where entrepreneurs,
freelancers and small businesses work sideby-
side independently and collaboratively,
continues to surge.
NJTC Blog, October 01, 2013, Mission 50 Workspaces

Plugged In
Technology changing how brokers, clients approach the real estate business.
NJBiz, pg.16, June 03, 2013, IBS, Cushman & Wakefield

IBS Garners Industry Recognition for its Technological Innovations
Integrated Business Systems (IBS) a boutique firm that develops and supports high-quality property management and accounting software for the commercial real estate community has been honored with three prestigious Tops in Technology awards for 2013 from Commercial Property Executive magazine.
New Jersey Tech News, April 04, 2013, IBS

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