Veteran real estate expert returns to CBRE as SVP
CBRE announced Tuesday that Marc Trevisan is returning as a senior vice president based in the firm’s Saddle Brook office, as part of its industry-leading occupier group. Trevisan joins CBRE from Cushman & Wakefield,...
New Jersey Community Capital receives $1M investment from 1st Colonial Community Bank
New Jersey Community Capital, the state of New Jersey’s largest community development financial institution, on Friday announced it received a $1 million investment from 1st Colonial Community Bank to support socially driven investments in...
Marcus & Millichap sells North Bergen mixed-use property for $2M
Real estate brokerage Marcus & Millichap said it recently sold an 8,100-square-foot, mixed-use building in North Bergen for $2 million.
Located at 8201 Bergenline Ave., with a daily traffic count of 10,400 vehicles per day,...
Why Westfield, idyllic N.J. suburban town, is readying for massive transformation
It doesn’t take long to spot the historic Rialto theater in Westfield. Located near an awe-inspiring Presbyterian church that seemingly was built in colonial times, the Rialto — and its distinctive marquee — is...
EDA taking applications for $250K redevelopment program aimed at vacant malls, office parks
The New Jersey Economic Development Authority announced this week that it is taking applications for its new $250,000 program aimed at helping communities repurpose local vacant or underutilized commercial and retail properties.
The 21st Century Redevelopment...
Cushman & Wakefield arranges $3.55M sale of medical office building in Englewood
Cushman & Wakefield sold 420 Grand Ave., a 15,940-square-foot medical office building in Englewood, for $3.55 million, according to a Tuesday announcement from the firm.
Cushman & Wakefield’s Andy Merin, Andrew Schwartz, Jeffrey Prezant, Seth...
Cushman & Wakefield brokers $4.6M sale of retail property in Fairfield
Cushman & Wakefield on Friday said it arranged the sale of 387 Passaic Ave., a 4,560-square-foot retail property in Fairfield. The final sale price was $4.6 million.
Cushman & Wakefield’s Andy Merin, Brian Whitmer, Andy...
N.J. client swaps multifamily property for Fla. Wawa, Kislak says
The Kislak Co. Inc. said this week that it helped a longtime client sell a multifamily property in Central Jersey and buy a Wawa in Florida as part of a Section 1031 exchange.
The undisclosed...
Booker-backed Opportunity Zones could turn into big help for N.J. economy
When U.S. Sen. Cory Booker went to Washington, he took the ideas that worked when he was mayor of Newark with him.
The result: Opportunity Zones, a new community development created by Booker (D-N.J.) and...
Ballantine Brewery in Newark sells for $61M to joint venture, JLL says
The Ballantine Brewery in Newark has recently been sold, according to JLL.
A joint venture between Turnbridge Equities and J.P. Morgan Asset Management purchased the five-building, 1.1 million-square-foot property from RAR Development Associates for $61...
