New Jersey Commercial Real Estate News

These stories are supplied by the CoStar Group. The articles contain a cross-section of northern New Jersey happenings in the world of commercial real estate. These articles are updated regularly.

Northern New Jersey Commercial Real Estate News From CoStar Group
CoStar's Deals of Note (July 25-31)	7/25/2010 7:19 PM
DALLAS/FT. WORTH Capri Capital Sells 725,351-SF Office Portfolio in Dallas By Timothy Houseal Four Dallas office buildings have changed ownership as Capri Capital Partners sold 725,351 square feet at 8111-17 Preston Road and 5949 Sherry Lane to...
Panalpina Group Signs Renewal for 33,700 SF in Morristown	7/28/2010 12:38 AM
The Panalpina Group, a supplier of forwarding and logistics services, renewed for 33,700 square feet at 1776 On The Green in Morristown, NJ. The 10-story office building at 67 Park Place E totals about 154,000 square feet. The Panalpina Group is taking...
Ray's Sport Shop Site to be Redeveloped	7/28/2010 12:16 AM
A private buyer acquired 559 US Highway 22 in North Plainfield, NJ, from Ray's Sport Shop Inc. for $4.65 million, or $97 per square foot. The 48,165-square-foot retail building is two stories and sits on 1.6 acres. It was under contract since March...
Highland Park Apt. Bldg. Sells for $4.9M	7/27/2010 11:54 PM
Jason Bilanin of Realestate Growth Advisors purchased the multifamily building at 481 Second Ave. in Highland Park, NJ, from The Orbach Group LLC for $4.93 million, or $107,000 per unit. The 46-unit apartment building, which totals 37,954 square feet...
Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst	7/27/2010 11:40 PM
CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate. In this week's issue...
Sweetwood Named Senior VP	7/27/2010 8:02 PM
The Kislak Co., based in Woodbridge, NJ, has announced the promotion of Joni Sweetwood to senior vice president. Sweetwood has been with Kislak since 1998 and handles investment sale transactions, with an emphasis in multifamily properties. She is...
CoStar to Introduce the First Comprehensive Repeat Sales Index for Commercial Real Estate	7/27/2010 4:01 AM
CoStar announced it is launching the CoStar Commercial Repeat Sales Index (CCRSI), the first comprehensive repeat sales index for commercial real estate. The index is intended to provide consistent and timely information to help answer some of the fundamental...
In The Pipeline: CoStar Development and Construction News for July 25-31	7/26/2010 9:06 PM
In this week's Pipeline, the Ak-Chin Indian Community and general contractor PENTA Building Group break ground on $20 million expansion of a Harrah’s Casino south of Phoenix; a Denver-based electrical contractor completes a new design-build $64 million...
CoStar's People of Note (July 18-24)	7/22/2010 8:23 PM
This week's People of Note includes the following markets: Atlanta, Chicago, Detroit and Raleigh/Durham. ATLANTA Avison Young Acquires Hodges Management and Leasing Avison Young purchased Hodges Management and Leasing Co., an Atlanta-headquartered...
Production Resources Group Leases 220,000 SF	7/20/2010 8:51 PM
Production Resource Group, a leading entertainment technology company, has leased the 220,000-square-foot industrial building at 915 Secaucus Road in Secaucus, NJ. The warehouse building was built in 1972 and is owned and managed by Hartz Mountain...