<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Northern New Jersey Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[Market Trend:  Select Top Five Northern New Jersey Office Leases Signed in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Select-Top-Five-Northern-New-Jersey-Office-Leases-Signed-in-Q1-2013/148792?ref=/News/Article/Market-Trend-Select-Top-Five-Northern-New-Jersey-Office-Leases-Signed-in-Q1-2013/148792&src=rss]]></link><description><![CDATA[The select top office lease signed during the first quarter of 2013 in the Northern New Jersey market was at the Liberty Corner Executive Center in the Route 78 East submarket.  Hitachi Power Systems America, Ltd. renewed its lease for 47,965 square feet.  Newmark Grubb Knight Frank represented the tenant, and Murray Construction Co., Inc. handled the deal for the landlord.

Veritext leased 44,695 square feet at 290 W. Mount Pleasant Ave. in the...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 23 May 2013 06:00:49 GMT]]></pubDate></item><item><title><![CDATA[A&P Center Sells for $6.3M]]></title><link><![CDATA[http://www.costar.com/News/Article/AP-Center-Sells-for-$63M/148725?ref=/News/Article/AP-Center-Sells-for-$63M/148725&src=rss]]></link><description><![CDATA[C-III Asset Management sold the A&P Center at 755-789 St. Georges Ave. in Woodbridge NJ to The Tajfel Group for $6.3 million, or roughly $93 per square foot, in an REO sale. 

The 67,593-square-foot shopping center was constructed in 2000. Currently, the property is 24 percent occupied while 56,691 square feet remains vacant at the distressed property.

Hal Messer and Gregory James at NAI James E. Hanson, Inc. represented the seller.  Daniel Duggan...]]></description><author><![CDATA[Claudius Zorokong <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 06:14:42 GMT]]></pubDate></item><item><title><![CDATA[Duke Realty Acquires Cranbury Warehouses]]></title><link><![CDATA[http://www.costar.com/News/Article/Duke-Realty-Acquires-Cranbury-Warehouses/148722?ref=/News/Article/Duke-Realty-Acquires-Cranbury-Warehouses/148722&src=rss]]></link><description><![CDATA[Duke Realty Corporation, an Indiana-based institutional investment firm, acquired two industrial properties from Deka Immobilien of Germany as advised by Savills, a London-based real estate investment banking firm. 

The two industrial warehouses buildings, located at 311 and 315 Half Acre Rd. in Cranbury, NJ, both completed construction in 2004. The portfolio totals 949,580 square feet, is currently fully leased by Crate & Barrel, and is located...]]></description><author><![CDATA[Max Freedman <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 04:26:55 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Northern New Jersey's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Northern-New-Jerseys-Industrial-Deliveries-Construction-and-Inventory/148615?ref=/News/Article/Market-Trend-Northern-New-Jerseys-Industrial-Deliveries-Construction-and-Inventory/148615&src=rss]]></link><description><![CDATA[During the first quarter 2013, no new space was completed in the Northern New Jersey Industrial market area. 

This compares to two buildings totaling 287,800 square feet that were completed in the fourth quarter 2012, two buildings totaling 24,724 square feet completed in the third quarter 2012, and 576,238 square feet in three buildings completed in the second quarter 2012.

There were 1,593,497 square feet of <a href="http://www.showcase.com/industrial-space" target="_blank">Industrial space</a> under construction...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 06:58:58 GMT]]></pubDate></item><item><title><![CDATA[Bottom Dollar, Retro Fitness to Open at Windsor Center]]></title><link><![CDATA[http://www.costar.com/News/Article/Bottom-Dollar-Retro-Fitness-to-Open-at-Windsor-Center/148548?ref=/News/Article/Bottom-Dollar-Retro-Fitness-to-Open-at-Windsor-Center/148548&src=rss]]></link><description><![CDATA[Advanced Realty, a leading developer of class A office, retail, multifamily and mixed-use properties, signed two large leases totaling 35,000 square feet within its Windsor Center at 440 US Hwy 130 in East Windsor, NJ. 

Bottom Dollar Food is expected to open its brand new, 22,500-square-foot discount grocery store sometime in October 2013, while Retro Fitness is expected to open its doors to gym-goers in September 2013. 

The center underwent...]]></description><author><![CDATA[Emily Risner <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 08:15:41 GMT]]></pubDate></item><item><title><![CDATA[C&S Wholesale Grocers Sells Ocean Logistics Bldg]]></title><link><![CDATA[http://www.costar.com/News/Article/CS-Wholesale-Grocers-Sells-Ocean-Logistics-Bldg/148546?ref=/News/Article/CS-Wholesale-Grocers-Sells-Ocean-Logistics-Bldg/148546&src=rss]]></link><description><![CDATA[Equilibrium Equities, Inc., an investment and development company, purchased the Ocean Logistics industrial building at 100 Keystone Industrial Park in Dunmore, PA from C&S Wholesale Grocers, Inc. for $3.4 million, or about $14 per square foot.

The 239,000-square-foot distribution building was constructed in 1975 on 22.6 acres in the I-81 Corridor Industrial submarket, part of the Keystone Industrial Park.  It was vacant at the time of sale.

Richard...]]></description><author><![CDATA[Claudius Zorokong <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 07:24:20 GMT]]></pubDate></item><item><title><![CDATA[Two Tenants Sign Lease Deals at Elizabeth Industrial Facility]]></title><link><![CDATA[http://www.costar.com/News/Article/Two-Tenants-Sign-Lease-Deals-at-Elizabeth-Industrial-Facility/148337?ref=/News/Article/Two-Tenants-Sign-Lease-Deals-at-Elizabeth-Industrial-Facility/148337&src=rss]]></link><description><![CDATA[Two tenants have signed leases totaling 87,000 square feet in the industrial building at 1000 Jefferson Ave. in Elizabeth, NJ. 

McGinley Transportation Systems, an office furniture delivery and installation company, leased 52,000 square feet.  INL Distribution, an e-commerce furniture company, leased 35,000 square feet there.

The 190,000-square-foot manufacturing building was constructed in 1948 on 9.7 acres in the Elizabeth Industrial submarket...]]></description><author><![CDATA[Max Freedman <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 06:33:58 GMT]]></pubDate></item><item><title><![CDATA[Mack-Cali Sells Clifton Office for $5.8M]]></title><link><![CDATA[http://www.costar.com/News/Article/Mack-Cali-Sells-Clifton-Office-for-$58M/148537?ref=/News/Article/Mack-Cali-Sells-Clifton-Office-for-$58M/148537&src=rss]]></link><description><![CDATA[Mack-Cali Realty Corporation sold the <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> at 777 Passaic Ave. in Clifton, NJ for $5.8 million, or about $75 per square foot, to a joint venture between Gottesman Real Estate Partners and Mountain Development Corporation.    

The five-story, 77,000-square-foot office building was constructed in 1985 on 2.5 acres in the Route 3 / GSP submarket of Passaic County.  It features a concierge, food service, and card key access.  Mountain Development...]]></description><author><![CDATA[Matt Carnovale <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 04:00:01 GMT]]></pubDate></item><item><title><![CDATA[Romark Logistics Acquires Edison Industrial Bldg.]]></title><link><![CDATA[http://www.costar.com/News/Article/Romark-Logistics-Acquires-Edison-Industrial-Bldg/148790?ref=/News/Article/Romark-Logistics-Acquires-Edison-Industrial-Bldg/148790&src=rss]]></link><description><![CDATA[Romark Logistics of NJ LLC recently acquired the industrial facility at 40-44 Talmadge Rd. in Edison, NJ from Sitex Group.  The sales price was not disclosed.

The 243,000-square-foot property in Middlesex County features 12 loading docks, 50 trailer spaces, and 800-amp heavy power.

Westfiled, NJ-based Romark Logistics is a full service 3PL provider offering general warehousing, transportation and packaging services. In addition to its New Jersey...]]></description><author><![CDATA[Samantha Snyder <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 01:51:46 GMT]]></pubDate></item><item><title><![CDATA[Shops At Nanuet Announce Tenants]]></title><link><![CDATA[http://www.costar.com/News/Article/Shops-At-Nanuet-Announce-Tenants/148519?ref=/News/Article/Shops-At-Nanuet-Announce-Tenants/148519&src=rss]]></link><description><![CDATA[Indianapolis-based Simon Property Group (NYSE: SPG)  has announced nearly 30 shops and restaurants for The Shops at Nanuet, a new shopping center under construction on the site of the former Nanuet Mall in Rockland County, NY.

The 760,000-square-foot open-air shopping center began construction in March 2012 and is scheduled to open in October. Anchor stores Macy's and Sears are continuing to do business during construction.

Simon announced Banana...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 02:31:00 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Northern New Jersey's Retail Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Northern-New-Jerseys-Retail-Deliveries-Construction-and-Inventory/148434?ref=/News/Article/Market-Trend-Northern-New-Jerseys-Retail-Deliveries-Construction-and-Inventory/148434&src=rss]]></link><description><![CDATA[During the first quarter 2013, eight buildings totaling 45,166 square feet were completed in the Northern New Jersey retail market. 

Over the past four quarters, a total of 382,952 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> has been built in Northern New Jersey.  In addition to the current quarter, 10 buildings with 143,695 square feet were completed in fourth quarter 2012, three buildings totaling 14,355 square feet completed in third quarter 2012, and 179,736...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 03:25:40 GMT]]></pubDate></item></channel></rss>