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Commercial Real Estate

Industrial-Strength Leasing
During the first quarter, vacancy declined to 7.4 percent, 80 basis points lower than during the first quarter of 2013, and prices have inched up from $5.73 to $6.03 per square foot, Cushman & Wakefield Inc. estimates.
Commercial Property Executive, May 25, 2014, Cushman & Wakefield National Industrial

1Q14 U.S. Office Market Absorption Increases 133% Year over Year
First quarter occupancy gains in the U.S. office sector increased 133% year over year, according to commercial real estate services firm Cushman & Wakefield.
Yahoo! Finance, April 21, 2014, Cushman & Wakefield Research for Americas

Lender Interest Strong in Acq-Rehab Market
When Chad Buchanan and the team from Tryko Partners were seeking financing for an acquisition-rehab deal, it garnered significant interest.
Multifamily Executive, April 10, 2014, Tryko Partners

Bergen Office Leasing Market Holds Steady
Bergen County’s office market held its own in the first quarter, while other areas of North Jersey saw their vacancy rates rise, according to Cushman & Wakefield of New Jersey Inc., April 03, 2014, Cushman & Wakefield of New Jersey

White Lodging Chosen to Manage The Marriot at Glenpointe
White Lodging, one of the fastest-growing, fully-integrated independent hotel ownership, development and management companies in the country, has been selected to manage the Marriott at Glenpointe in Teaneck, N.J.
Yahoo! Finance, March 11, 2014, Alfred Sanzari Enterprises

LG, Unilever, Renew at Sylvan Corporate Ctr.
LG Electronics, Unilever and COFCO USA have all renewed their leases for long terms at Sylvan Corporate Center here, accounting for nearly 100,000 square feet., March 04, 2014, Cushman & Wakefield of New Jersey

NAIOP New Jersey Unveils Honorees for 2014 Awards Gala
Lawrence Russo, Jr. Founder, Russo Development, will receive the Lifetime Achievement Award. The Impact Awards will be presented to Vision Real Estate Partners and Robert J. Donnelly of Cushman & Wakefield. Jorge H. Berkowitz, Ph.D. of Langan Engineering & Environmental Services will receive the Industry Service Award. The winners of the Deal of the Year Awards will be revealed at the Gala.
NJBiz, February 12, 2014, NAIOP NJ, Cushman & Wakefield of New Jersey, Vision Equities

Some Signs of Life in Office Real Estate Market
The struggling North Jersey suburban office market is attracting some renewed investment interest, with a Westchester County firm snapping up a Lyndhurst property for $10.3 million, according to officials at Cushman & Wakefield Inc.
Bloomberg Businessweek, January 06, 2014, Cushman & Wakefield of New Jersey

Outlet Collection, Formerly Jersey Gardens ups its Game to Impress Customers
So many foreign shoppers visit the Outlet Collection | Jersey Gardens that the mall staffs a multilingual tourism department, leases space to two standalone luggage stores and provides currency exchange at its customer service desk., November 03, 2013, Levin Management, Cushman & Wakefield of New Jersey

North Jersey Landlords Pump Up the Power Post-Sandy
Since Superstorm Sandy battered New Jersey nearly a year ago, it hasn’t been business as usual at Alfred Sanzari Enterprises. The Hackensack-based real estate firm  which owns and manages more than 6 million square feet of commercial, industrial and residential properties  has taken several emergency-preparedness measures., October 20, 2013, Alfred Sanzari Enterprises, Cushman & Wakefield of New Jersey

Township, Firm Improve Oak Leaf

Times have changed for the North Brunswick Crescent Apartments, formerly known as Oak Leaf Village.

Sentinel, October 10, 2013, Community Investment Strategies, Inc.

Pemberton Manor Apartments Celebrates Quality of Life With Back to School Event
A year ago, Tryko Partners, LLC celebrated the completion of a $1 million renovation of its newly acquired Pemberton Manor Apartments in Salisbury with an end-of-summer Back-to-School event.
CityBizList, September 04, 2013, Tryko Partners, LLC

Colliers Tapped to Lease Court Plaza, Heights Plaza
Colliers International will be handling leasing for two area office properties  Court Plaza, opposite the Bergen County Courthouse in downtown Hackensack, and Heights Plaza in Hasbrouck Heights, officials said., August 22, 2013, Alfred Sanzari Enterprises

Report: US Industrial Real Estate Market Reflects Positive Trending
The U.S. industrial real estate market performed well during the first half of 2013, highlighted by year-over-year increases in transaction volume and revenue in many markets, as well as a widely sustained positive outlook for the remainder of the year, according to John Morris, Cushman & Wakefields leader of industrial services for the Americas, based on the commercial real estate services firms mid-year statistics.
Journal of Commerce, August 19, 2013, Cushman & Wakefield Inc.

Fully Approved Multi-Family Development Site Offered in Union, N.J.
Cushman & Wakefield, Inc. s Metropolitan Area Capital Markets Group has been retained by EFG Clermont Terrace, LLC, an EnviroFinance® Group Company to market a 15-acre residential development site at 400 Clermont Terrace in Union Twp.
CityBizList, August 15, 2013, Cushman & Wakefield of New Jersey, Inc.

RMR Wealth Builders Expands Space at Sanzari’s Glenpointe in Teaneck
RMR Wealth Builders Inc., a financial services firm established in 1986, has expanded its long-term lease at Glenpointe in Teaneck by 2,100 square feet, for a total occupancy of 4,600 square feet. The Class A office campus is owned and operated by Alfred Sanzari Enterprises of Hackensack., August 02, 2013, Alfred Sanzari Enterprises

Reinventing the Office Complex: Industry Experts Say Aging Structures Border on Obsolete
New Jerseys office parks are getting older and bordering on obsolescence, and their ability to continue attracting top corporate tenants is in danger, according to a panel of experts who participated in a recent program held at the Edward J. Bloustein School of Planning and Public Policy, New Brunswick, July 21, 2013, NAIOP-NJ, Prism Capital Partners, Vision Equities

>North Jersey’s Tight Rental Market Gets Tighter
Nicki Commer likes pretty much everything about the two-bedroom condo she’s been renting in Mahwah. But the rent  $2,100 a month for the condo, plus garage and storage space  turned out to be more than she can handle…, July 14, 2013, Alfred Sanzari Enterprises,

Non-profit Leases Space in Hasbrouck Heights
Peace Islands Institute, a nonprofit organization that advocates for human equality, has leased 3,200 square feet at Heights Plaza, the property’s landlord said Tuesday., July 09, 2013, Alfred Sanzari Enterprises

Commercial Real Estate Executives Set To Discuss Future Of New Jerseys Suburban Office Campuses
NJLMEF program will focus on reinventing a product hurt by recession and obsolescence.
CityBizList, July 02, 2013, NAIOP-NJ, Prism Capital Partners, Vision Equities

Law Firm Expands Hasbrouck Heights Space
The law firm Bertone Piccini LLP has doubled the space it is leasing at Heights Plaza to 11,850 square feet, property owner Alfred Sanzari Enterprises said Tuesday., June 26, 2013, Alfred Sanzari Enterprises

Re-Purposed Office Space Presents Investor Opportunity
New York real estate investors tonight will be pitched on why the reinvention of outdated suburban-office properties represents a promising new business opportunity for them., June 18, 2013, Cushman & Wakefield

Suburban Shift: Retrofitting Morris County’s Economy
The prosperous sprawl that began in the 70s has stopped and the Morris County landscape will change considerably over the next 20 years.
Daily Record , June 17, 2013, Cushman & Wakefield

Cushman & Wakefield’s John Morris to Address AAPA Workshop
Cushman & Wakefield, Inc.s John Morris is slated to address the American Association of Port Authorities (AAPA) Maritime Economic Development Workshop in Chicago on June 28.
CityBizList, June 03, 2013, Cushman & Wakefield

Crossroads Companies, LLC Named Exclusive Broker for 29.5-acre Land Parcel in Ulster County, N.Y.
Site Offers Unique New Construction Opportunity for Big-Box and Junior Box Retailers.
CityBizList, May 31, 2013, Crossroads Companies

Real Estate Execs Debate Impact of Canal Widening, Bridge Raising
Real estate executives Wednesday debated whether the widening of the Panama Canal, and the raising of the Bayonne Bridge, will ultimately boost the volume of business handled by New York-New Jersey area ports., May 30, 2013, Cushman and Wakefield

Cushman & Wakefield Dominates Jersey Deal Awards
With two winners and a third finalist in this years NAIOP New Jersey Deal of the Year awards competition, Cushman & Wakefield, Inc. was recognized for its involvement in the states most creative and impactful 2012 office real estate transactions.
Real Estate Weekly, May 30, 2013, Cushman & Wakefield, Prism Capital Partners, Vision Equities, NAIOP

Survey: United States Remains the Best Place to Build a Data Center
Compared to other nations around the globe, the safest and lowest risk place to locate a data center is the United States, and theres an abundance of potential in several secondary and maturing markets, according to a report from Cushman & Wakefield, hurleypalmerflatt and Source8.
Data Center Knowledge, May 27, 2013, Cushman & Wakefield

The U.S. is the Least Riskiest Place to Open a Data Center
Last year the U.S. was the least riskiest place in the world to open a data center, according to a study released this week.
Computer World , May 22, 2013, Cushman & Wakefield

Survey Shows CEO Confidence in N.J. is on Rise
Despite the economic challenges facing businesses, 25 percent of CEOs in New Jersey said the state is a good-to-excellent place to do business.
NJ Biz, May 21, 2013, Cushman & Wakefield

Berger Expands Further in Downtown Newark
The Berger Organization has acquired the title for 765 Broad Street in the heart of downtown Newark, expanding its presence in the central business district.
Globe St., May 20, 2013, The Berger Organization

Crossroads Named Agent for Lyndhurst Shopping Center
Crossroads Cos. has been named leasing agent and property manager for Veterans Square Shopping Center on New York Avenue, the company said Monday., May 20, 2013, Crossroads

Prism partners with Angelo, Gordon on $121M buy
Prism Capital Partners LLC has teamed up with Angelo, Gordon & Co. to acquire Princeton Pike Corporate Center for $121 million, which factors out to $151 per square foot.

Real Estate Weekly, May 17, 2013, Prism Capital Partners

Cushman & Wakefield Arranges 150,000-Square-Foot Lease with Crane Worldwide
Commercial real estate services firm Cushman & Wakefield, Inc. has completed a 150,000-square-foot industrial lease transaction with Crane Worldwide Logistics at 6501 Navigation Blvd. in Houston.
Your Houston News, May 14, 2013, Cushman & Wakefield

Chicago One of ‘Hottest’ US Industrial Real Estate Markets
Chicago continues to be one of the hottest industrial leasing markets in the country, according to Britt Casey, executive director of Cushman & Wakefield.
Journal of Commerce, May 13, 2013, Cushman & Wakefield, Inc.

May 21: C-Suite Survey Results To Be Revealed At New Jersey Economic Policy Summit
The sixth annual New Jersey Economic Policy Summit will take place on Tuesday, May 21, at the Edward J. Bloustein School of Planning and Public Policy at Rutgers, The State University of New Jersey.
City Biz List , May 13, 2013, Cushman & Wakefield

NAIOP Honors Top Deals, Dealmakers in Awards Session
As he accepted an award Thursday night on behalf of his company, Prism Capital Partners, Edwin H. Cohen reminded his peers why they might have chosen to be in the real estate business.
NJ Biz, May 10, 2013, Prism Capital Partners, NAIOP

Survivor Will ‘Never Forgive, Never Forget’

Speaking at a Newark Holocaust remembrance, concentration camp survivor Edward Mosberg spoke with sorrow and anger
New Jersey Jewish News, May 08, 2013, The Berger Organization

Report: E-Commerce Fuels US Industrial Markets’ Upswing
E-commerce continued to fuel the U.S. industrial markets positive momentum in the first quarter of 2013
Journal of Commerce, May 07, 2013, Cushman & Wakefield

Bayer’s Hanover Headquarters Earns United Way Award
Bayer Project Awarded
Hanover Eagle , May 06, 2013, Vision Equities

CPEs 2013 Stars to Watch: Rising Leaders in Commercial Real Estate
CPEs 2013 Stars to Watch include 17 rising leaders from different parts of the commercial real estate industry.
Commercial Property Executive, April 30, 2013, Case Real Estate Capital

Case Real Estate Capital Arranges Investment Secured by Two NYC Redevelopment Projects
Case Real Estate Capital LLC has finalized its first debt-investment secured by two redevelopment projects in New York City.
National Real Estate Investor, April 09, 2013, Case Real Estate Capital

Doras Naturals Expands Lease on Empire Boulevard
Organic food distributor Doras Naturals has added 34,249 sq. ft. of space to its existing Bergen County headquarters at 21-23 Empire Boulevard in South Hackensack, N.J.
National Real Estate Investor, April 04, 2013, Alfred Sanzari Enterprises

Hackensack Public Garden Honors Alfred and Mary Sanzari
Alfred Sanzari Enterprises has developed a new public garden adjacent to its Court Plaza office complex in Hackensack to honor the legacy of Alfred and Mary Sanzari, co-founders of the real estate development firm.
North Jersey online, March 21, 2013, Sanzari Enterprises

Milona and Hartstein join Case Real Estate Capital
Case Real Estate Capital, LLC (Case), has announced that Scott Hartstein and Steve Milona are joining the newly formed private direct lender as principals and co-founders.
North Jersey Online, March 21, 2013, Case Real Estate Capital