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Thursday, September 28, 2023

NAI Hanson brokers lease for laundry products maker

NAI James E. Hanson, a New Jersey commercial real estate firm, has brokered a 40,000-square-foot industrial space lease to Handy Laundry in Ramsey, it announced Wednesday. Kenneth Lundberg, Gary Sauerborn and Patrick Lennon represented the...

Paterson apartment building sells for $1.9M

A multifamily rental property in Paterson has sold for $1.9 million, according to Colliers International — with the average of $135,750 per unit among the highest to date, the real estate services firm said. Cooke...

CBRE arranges 2 new leases in South Plainfield

CBRE has arranged two new leases at the Southfield Center in South Plainfield, it announced Tuesday. Brenntag Specialties Inc., a chemical distribution company, inked 16,766 square feet at the center for its North American headquarters. Prolong...

Luxury condos to offer ‘Passive House’ energy efficiency

Bijou Properties announced it will begin sales at its “Passive House” luxury condominium project in Hoboken, dubbed Candela Lofts, this summer. The seven-story uptown property offers 10 residences in two-, three- and four-bedroom configurations at...

New TRYP by Wyndham Hotel opens in Newark

TRYP by Wyndham, Wyndham Hotel Group’s urban lifestyle brand, has officially opened its newest hotel in downtown Newark, it announced Monday. The TRYP by Wyndham Newark Downtown is comprised of 101 rooms and was developed...

Somerset medical office property fetches $1.2M

A Somerset medical office building has been sold for just under $1.2 million, according to Bussel Realty Corp. The Edison-based real estate services firm said it arranged the sale of 1323 Route 27 from the...

WCRE brokers purchase, sale of Cherry Hill building

Wolf Commercial Real Estate announced recently it exclusively represented JJN Real Estate Holdings LLC in the acquisition of a building in Cherry Hill. JJN acquired the 17,500-square-foot property at 1945 Route 70 East from KC...

REIT pays $2.8M for Maywood office building

Urban Edge, a real estate investment trust based in New York, has paid $2.8 million for a Maywood office building, according to Zimmel Associates. The Edison-based real estate services firm said in a news release...

Report: Deteriorating relationship between Jersey City, Kushner Cos. has One Journal Square in jeopardy

The One Journal Square project, a transformative pair of 66-story residential towers in the large dirt lots across from the Jersey City PATH station, has been the subject of repeated and contentious emails between...

Financial firms join forces for Newark building project

Some of the country’s largest financial firms are teaming up to invest in Newark and make it a 24/7 city, as evidenced Monday at the groundbreaking of 540 Broad St. “I think we are probably...

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Diamond extra: Montclair State, NJIT to rebuild Yoga Berra Stadium, share facility

A new, state-of-the-art artificial turf playing surface, dugout upgrades, a new outfield wall — even new bullpens and batting cages. Yogi Berra Stadium on the...

Joint venture buys 6.9-acre outdoor storage lot in Old Bridge — with plans of...

The joint venture between New York City-based private equity fund Centerbridge Partners and Dallas-based Dalfen Industrial has made its first industrial outdoor storage purchase...
New Jersey reaches milestone $15 minimum wage — and some already are saying it isn’t enough

New Jersey reaches milestone $15 minimum wage — and some already are saying it...

The long-celebrated fight for $15 — which began when the state’s minimum wage was still in single digits — will be over on Jan....

Electrical contractor association leases 5,000 sq. ft. in Somerset

The New Jersey Independent Electrical Contractor Association has leased a 5,000-square-foot commercial space in Somerset, Sheldon Gross Realty said. Located within the 20 World’s Fair...

Centenary to offer bachelor’s degree in digital humanities

Here’s an idea: Maybe the students of today should learn how to navigate the digital workspace responsibly, ethically and effectively. Centenary University has a...