ISELIN, NJ – The commercial real estate market has likely hit bottom, the impact of distressed debt has nowhere near played out, but there are signs of recovery. That was the overview of a panel of industry leaders moderated by Matrix Development president/CEO Joseph Taylor at yesterday's ICREW New Jersey breakfast meeting.
HASBROUCK HEIGHTS--DMR Architects has brought on Richard J. Trautwein, AIA, a veteran architect with over 20 years of experience, as a Senior Project Manager and Business Development.
ELMWOOD PARK--Langan Engineering & Environmental Services has announced that Karl Pehnke, one of the region’s most respected and accomplished transportation and traffic engineers, has joined the firm as an Associate.
PLAINSBORO--Demand for well-located multi-family investment properties like Deer Creek Apartments, which recently sold for $26.4 million in Middlesex County, in secondary commuter markets is gaining momentum, according to Gebroe-Hammer Associates of Livingston.
NEW BRUNSWICK--During the 2009 gubernatorial campaign, candidate Chris Christie promised to end COAH and say "no" to state worker unions. In less than two months, now-Gov. Christie has made good on his promise to affect change in state government. He will discuss his administration's ongoing agenda in Trenton, including dealing with an unprecedented budget crisis, as the featured speaker at NAIOP New Jersey's Chapter Meeting on Thursday, March 25.
PRINCETON--Junior Achievement of New Jersey (JANJ) has announced that Michael Glickman of Cisco has been elected to their state board of directors.
MORRISTOWN--Jeffrey J. Oram, Director of Marcus & Millichap’s National Office & Industrial Properties Group, represented Bank Street Investment Partnership of Newton, MA in the sale of 2–8 Washington Street in Morristown.
LAKEWOOD--Lakewood’s Urban Enterprise Zone (UEZ) can offer businesses a wealth of benefits, such as tax breaks and incentives, and policy changes designed to make it easier for area businesses to meet UEZ qualifications.
ROSELAND--NAI James E. Hanson has announced the completion of a 2,760-sf retail sales transaction at 183 Eagle Rock Avenue in Roseland. NAI Hanson's Joan Cenicola, vice president, represented the seller, Wachovia Bank, N.A. The buyer of the property was Total Home Technologies, LLC.
TRENTON--Cozen O'Connor announced that New Jersey political strategist Karen J. Kominsky has joined the firm in Trenton as a member of its Public Strategies group.
BEDMINSTER-- Jeremy’s Heroes, a non-profit organization formed in memory of 9/11 Flight 93 hero Jeremy Glick, will honor Cushman & Wakefield, Inc.’s Jeremy Neuer of Whippany during its 9th Anniversary Golf Classic on Thursday, June 10.
RUTHERFORD--Sweetwater Construction Corp. has announced that construction is complete at the new 50,000-sf MALO CLINIC facility which houses medical offices, an Ambulatory Surgery Center and MALO Advanced Oral Rehabilitation Center at 201 Route 17 North in Rutherford.
WASHINGTON--The Building Owners and Managers Association (BOMA) International is beginning the process of renewing the designation of an American National Standard for its long-respected floor measurement standard for offices, Office Buildings: Standard Methods of Measurement and Calculating Rentable Area.
RIDGEWOOD--Morgan Stanley Smith Barney announces today Financial Advisor, Kevin W. Foord of the Firm’s Ridgewood, NJ office has been appointed as a Corporate Retirement Director (CRD).
EDISON-—Mack-Cali Realty Corporation has announced that it leased 525,420 sf at its office properties in northern and central New Jersey during the fourth quarter. Portfolio-wide, Mack-Cali leased 901,468 sf of space during the quarter.
TEANECK--The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA) will host its 18th Annual “Developer’s Night” dinner on Monday, March 22, at the Marriott Glenpointe Hotel in Teaneck. Approximately 300 members and friends are expected to attend.
MORRISTOWN--Cushman & Wakefield, Inc. has promoted Marc A. Rosenberg of Short Hills to the position of vice chairman, announced Joseph Harbert, Cushman & Wakefield’s New York Metropolitan Region chief operating officer. A 25-year company veteran, Rosenberg is based in the firm’s Morristown office.
NEW BRUNSWICK – State government is broken and nearly broke, and key state legislators appear to be largely on the same page about what needs to be done. That was the message supplied at yesterday's NAIOP New Jersey public policy symposium, although getting the entire legislature to go along could be another matter.
FLORHAM PARK--Weichert Commercial Brokerage, Inc. has been appointed as the exclusive agent for the 50,000-sf building located at 3 Vreeland Road in Florham Park.
PARSIPPANY--FirstService Williams has announced the promotion of four executives in its New Jersey operations.
