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Top Re-nj.com News

Jeffrey Paul Wiener, Former Kislak President, Passes Away
New Jersey · New Jersey

Jeffrey Paul Wiener, Former Kislak President, Passes Away

Jeffrey Paul Wiener, beloved father, grandfather, brother, uncle and friend, passed away after a long battle with progressive supranuclear palsy. He was born in Passaic on June 12, 1950, and was a lifelong resident of New Jersey. Wiener was a graduate of Tulane University in New Orleans, Louisiana. After working a few jobs on Wall Street in 1973, he began his highly successful career at Kislak Commercial Real Estate, where he served as president…See the Story
JLL Secures $29.5M Construction Financing for Soho Park Residences in Nutley New Jersey
Nutley, New Jersey · Nutley

JLL Secures $29.5M Construction Financing for Soho Park Residences in Nutley New Jersey

JLL Capital Markets announced that it has arranged a $29.5 million construction financing for Soho Park Residences, an 85-unit, age-restricted (55+) luxury residential development in Nutley, New Jersey. JLL worked on behalf of the borrower, Rock Solid Builders Inc, in facilitating the 2.5-year, floating-rate loan through Kearny Bank. Scheduled to begin vertical construction in spring […] The post JLL Secures $29.5M Construction Financing for Soh…See the Story
Five Below Signs 10,000 SF Lease at Blue Star Shopping Center
Watchung · Watchung

Five Below Signs 10,000 SF Lease at Blue Star Shopping Center

National value retailer Five Below has signed a 10,000-square-foot lease at Blue Star Shopping Center in Watchung, marking another key milestone in the property’s high-impact transformation. The announcement follows the recent opening of a flagship ShopRite supermarket and the debut of brand-new Planet Fitness and KidStrong locations at the property. Levin Management Corporation (LMC) has been Blue Star Shopping Center’s leasing and managing age…See the Story

Kislak sells 8 acres in West Long Branch for $5.8M

The Kislak Company, Inc. announced the recent sale of an eight-acre lot at Larchwood Avenue and Jonathan Court in West Long Branch for $5.8 million. Kislak marketed the property on an exclusive basis, with Managing Director Matt Weilheimer and CEO Jason Pucci handling the assignment on behalf of the seller. The parties were not disclosed. “We were engaged to market the property and conduct a ‘sealed bid’ process for the site that is zoned reside…West Long Branch · West Long BranchSee the Story

Cannon Hill, Hampshire land $20 million refi for 82-unit Hackensack rental project – Real Estate NJ

Crossroads 389 at 389 Main St. in Hackensack — Courtesy: Cushman & Wakefield By Joshua Burd Cannon Hill Capital Partners and The Hampshire Cos. have closed on a $20.1 million refinance for a luxury apartment building in Hackensack, brokers with Cushman & Wakefield announced. According to a news release, the developers secured the five-year, floating-rate loan with Forbright Bank in connection with the 82-unit property at 389 Main St. The deal co…Hackensack · HackensackRead Article

Mediterranean restaurant adds fourth location with new lease in Somerville, Deluccia says – Real Estate NJ

69-71 West Main St. in Somerville — Courtesy: Deluccia Commercial Group By Joshua Burd A restaurant operator is expanding to downtown Somerville, where it’s leasing 6,300 square feet by way of a deal arranged by Deluccia Commercial Group. In a news release, the brokerage firm said the location at 69-71 West Main St. will be the fourth for Efes Mediterranean Grill, following eateries in Jersey City, Princeton and New Brunswick. It will occupy the…Somerville, New Jersey · SomervilleRead Article

Shaping the future: Top CRE policy priorities for New Jersey’s next governor – Real Estate NJ

Dan Kennedy is CEO of NAIOP New Jersey By Dan Kennedy As New Jersey prepares to elect its next governor, NAIOP NJ, the commercial real estate development association, has published a comprehensive roadmap for economic revitalization and sustainable development for the consideration of both candidates for governor. As a nonpartisan organization, we did this early in the general election cycle to ensure that both candidates have a firm understandi…New Jersey · New JerseyRead Article

Law firm Davison Eastman takes 14,000 sq. ft. in new Freehold office deal, JLL says – Real Estate NJ

3 Paragon Way in Freehold — Courtesy: JLL By Joshua Burd A law firm is changing addresses in Freehold after agreeing to lease nearly 14,000 square feet at an adjacent building along Route 33, according to a brokerage team with JLL. The full-service practice, Davison Eastman Muñoz Paone PA, will relocate this fall to the single-story, 68,000-square-foot property at 3 Paragon Way. The move will allow it to stay within the Monmouth Executive Center…Freehold Township · Freehold TownshipRead Article

BRC fills 16,000 sq. ft. Garwood industrial building with two new leases – Real Estate NJ

116 South Ave. in Garwood — Courtesy: Bussel Realty Corp. By Joshua Burd The owner of a 16,000-square-foot industrial building in Garwood has secured two tenants for the property, in a set of newly announced deals by Bussel Realty Corp. According to a news release, the leases at 116 South Ave. include a 10,500-square-foot commitment by Withink Labs Inc. and a 5,500-square-foot transaction by R&C Restoration Services LLC. Both deals came together…Garwood, New Jersey · GarwoodRead Article

Gellman Images moves to Wall Township, eyeing continued growth at Jersey Shore – Real Estate NJ

From left: The Gellman Images team includes Alana Denenberg, Gary Gellman and Nick Hiltwein. — Courtesy: Gellman Images By Joshua Burd Gellman Images has found a new home in Monmouth County, announcing a move to Wall Township with visions of continued growth at the Jersey Shore. The multimedia production company, which is marking its 36th anniversary, is relocating to 1901 Route 71 after three decades on the western side of the county. The firm …Wall Township · Wall TownshipRead Article

Prism lands approvals for long-awaited housing phase at ON3, among other major projects – Real Estate NJ

A proposed fourth phase at Prism Capital Partners’ ON3 campus in Clifton and Nutley would include the construction of up to 1,074 multifamily units and 90,000 square feet of additional retail space along Route 3 East. — Courtesy: Prism By Joshua Burd Prism Capital Partners has secured three key approvals for its flagship ON3 campus in Clifton and Nutley, paving the way for new phases including a long-awaited residential component with nearly 1,1…Clifton, New Jersey · CliftonRead Article

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