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New Jersey Real Estate Industry News

Transwestern Named One of the Best Places to Work in New Jersey

04/20/2018 Transwestern has been named a "Best Places to Work" in New Jersey by NJBIZ for the fifth consecutive year ... Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the ...

Newark 'blossoms' in to a New Jersey gem

04/20/2018 All these round out the residents of New Jersey's largest city. It's no wonder that real estate developers began snatching up parcels to build commercial space and residential housing in Newark's Downtown District. The number of existing rental ...

Developers struggling to meet demand for New Jersey industrial space

04/18/2018 “What could slow us down is a rise in interest rates, but liquidity will keep a lid on this in the short term, with capital spending driving the real estate market,” he added. All in all, panelists remain optimistic about the state of New Jersey’s ...

NJ Atty Accused Of Misusing Client's $275K, Lying To Police

04/17/2018 Law360 (April 17, 2018, 1:28 PM EDT) -- A New Jersey real estate attorney has been charged with criminal offenses for allegedly using about $275,000 belonging to a client for his own purposes and providing false information to detectives to hinder the ...

R.J. Brunelli & Co. Announces Leases for Dollar Tree, Royal Farms and Others Throughout New Jersey

04/18/2018 In its role as Dollar Tree's exclusive real estate representative statewide, R.J. Brunelli brokered four additional leases for sites in norther, central and southern New Jersey. In Morris County, Dollar Tree is anticipated to open this June in a 10,113 ...

Jersey City, NJ Real Estate: Newly Listed Homes for Sale

04/16/2018 The houses for sale in and around Jersey City are just a small portion of more than 4 million homes sold in New Jersey. and across the United States every year. We're not just talking listed homes for sale, either. We're talking about homes for sale ...

NAIOP New Jersey Intercollegiate Case Study Competition Emphasizes Live/Work/Play Potential at Prism’s ON3

04/16/2018 ON3 is New Jersey’s largest contemplated redevelopment ... “These teams – which included some of the commercial real estate industry’s most promising next-generation leaders – did fantastic jobs and came up with some great ideas.”

Op-Ed: For New Jersey State Aid, Let Money ‘Follow the Child’

04/15/2018 When the School Funding Reform Act is described by New Jersey's education establishment, the focus is always on the intricacies of how demographics determine a district's “adequacy budget,” how real-estate values and income determine “local fair ...

What $500K Gets You In Today's NJ Real Estate Market

04/15/2018 If you're in the market for a home in New Jersey and your budget is under $500,000, check out these attractive options: This home, listed at $499,999, is located in the desirable Mallard Point subdivision in the Kettle Creek section of Brick. It features a ...

New Jersey Sikhs seek to promote awareness through acts of charity and faith

04/13/2018 This year, the festival coincides with the first Sikh Awareness Month in New Jersey. About 300 people are expected to ... “We really feel strongly about it,” said Rahil, of Voorhees, a real estate agent. “You’re blessed to do the work.”

Wait, New Jersey Was Once Not Cool?

04/13/2018 The words ‘New Jersey’ conjure up sights and smells for many nonresidents ... But lately, the real flow seems to be going the other way, as stratospheric real estate prices in New York City have inspired members of the creative class to decamp to ...

WCRE: Southern NJ and Philly CRE Markets See Moderate Gains in 1Q2018

04/11/2018 EVESHAM TOWNSHIP, NJ—The Southern New Jersey market is, for the most part, in good shape, with moderate gains in leasing activity and strong fundamentals, according to commercial real estate brokerage firm WCRE. The Burlington County firm believes the ...

Signs of Life Emerge in New Jersey Office Market

04/11/2018 New Jersey office leasing declined in the first quarter of the year, but the state posted its lowest office-vacancy rate in nine years, offering a glimpse of a future turning point, according to a new report from real-estate services firm JLL. Just more ...

MLK arranges joint venture, bridge loan for New Jersey office park acquisition

04/11/2018 MLK Real Estate Capital arranged a Joint Venture and $27.13 million of bridge financing for the acquisition of Mount Kemble Office Park in Morristown, New Jersey. The 230,000 s/f class-A office space is located across two buildings at 350-360 Mount Kemble.

Scotch Plains and Fanwood Rated A+ in Niche.com's Best Places to Live in NJ Listing

04/11/2018 NEW JERSEY -- Real estate website Niche.com has published its "Best Places to Live" in New Jersey rankings for 2018, and both Fanwood (No. 33) and Scotch Plains (No. 67) were given overall A+ grades. Nearby Berkeley Heights (No. 25), New Providence (No. 9 ...

NJ Real Estate Atty Suspended Over Botched Mortgage Payoff

04/11/2018 Law360 (April 11, 2018, 8:29 PM EDT) -- New Jersey’s highest court has issued a two-year suspension to a real estate attorney for not fulfilling his obligation to pay off a mortgage for his clients out of a loan that was made to them, rejecting a ...

New Jersey AG Attempts to Fill Perceived Void Left By CFPB Retrenchment

04/10/2018 or omission of material facts in connection with “the sale or advertisement of any merchandise or real estate,” and ‘merchandise” has been broadly interpreted by New Jersey courts as encompassing at least some credit products. It is also one of the ...

Selling a home in NJ? Extra expenses you should know about

04/09/2018 The transfer fee varies based on the sales price of the home — approximately $1,715 on a $300,000 sale in New Jersey. Several states do not impose these taxes. Closing costs would also include commissions for involved real estate agencies. "Most realtors ...

Jersey City becomes alternative to New York, but without the 'sticker shock' in prices

04/07/2018 Real estate prices in New York City have cooled but remain ... forcing residents of modest means to look elsewhere. Enter New Jersey, which for years dwelled in the shadow of its larger-than-life counterpart across the Hudson, but has definitively come ...

12 face charges in Mercer County real estate scams

04/06/2018 “A real estate agent, a bank agent or a property management ... Locations of recent criminal activity in New Jersey. Information obtained through local police departments and News 12 New Jersey reporting. Locations of recent criminal activity in New ...

Weichert offers free seminar on commercial real estate investment and property management

04/06/2018 During the seminar, several of New Jersey's leading real estate investment and property management experts will share their insights and strategies to getting started on the road to success. Speakers include Jim Sousa, president of Weichert Commercial ...

4 counties in NJ have highest property taxes in the nation

04/05/2018 Just in case you've forgotten, a new analysis from real-estate tracker ATTOM Data Solutions reminds us that New Jersey homeowners are paying the highest property taxes in the nation — both in absolute numbers and as a percentage of home value.

Report: NJ industrial manufacturer leasing hits stride

04/03/2018 That’s according to a report by real estate firm Cushman & Wakefield. Overall vacancies in manufacturing spaces fell to 3.6 percent from 3.8 percent in Northern and Central New Jersey in the first quarter, as an additional 6 million square feet of ...

Duke Realty (DRE) Expands New Jersey Industrial Portfolio

03/29/2018 Duke Realty Corp. (DRE - Free Report) recently completed the acquisition of a 3.1 million-square-foot industrial property in New Jersey. The move has helped ... Notably, the industrial real estate asset category has grabbed attention due to elevated ...

15 Stunning Homes In NJ's Best School Districts

04/01/2018 If you have children, one of the most important factors in your real estate purchase is likely the school district. In New Jersey, we are lucky to have many amazing public schools. Districts from the south to the north consistently rank high when it comes ...

New Jersey's Liberal New Governor Is The Anti-Chris Christie

03/30/2018 TRENTON, N.J. ? New Jersey politics is a lot of things, but one thing it’s not is boring. There are the brusque, larger-than-life personalities; the shady real estate developers; the Godzilla vs. Megalon-level slugfests between entrenched interest ...

NJ office park purchased for $35 million

03/30/2018 A joint venture between two real estate companies purchased the Mount Kemble Office Park in New Jersey for $35 million. According to one of the buyer’s reps, MLK Real Estate Capital, the property at 350-360 Mount Kemble Avenue spans two buildings and ...

Kushner's N.J. Trump Tower Got $200 Million Citigroup Loan

03/21/2018 (Bloomberg)—Trump Bay Street, a New Jersey luxury apartment tower part-owned by Kushner ... Corbat was unaware that the bank was in the process of closing a real estate loan to the Kushner Cos. venture when he met with Jared Kushner, the bank said ...

Buyer Demand Still Outpacing Supply of New Jersey Homes for Sale

03/27/2018 The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations ... and Buyer Traffic (demand), and confirms that waiting to buy your New Jersey home isn’t a good idea! The map below shows 25 states ...

IRR continues national expansion; adds NJ office in latest partnership binge

03/28/2018 Integra Realty Resources (IRR), North America’s largest independent commercial real estate valuation, market research and consulting firm, announced the opening of four new offices including, IRR-Northern New Jersey. All 12 members of Value Research ...

New Jersey Mortgage Giant Garden State Home Loans Bolsters Purchase Business with Addition of Top Realtor-Focused Originators

03/20/2018 has strengthened its operations through the splashy hire of one of New Jersey's top mortgage duos in the real estate purchase business. Matthew Boyce and Matthew Prizzi, a pair of well-known loan originators in the New Jersey and Pennsylvania markets ...

Advance partners with Greek Development to buy 350-acre ecommerce site

03/21/2018 CBRE teams led by Mindy Lissner, Jeffrey Babikian, William Waxman, and Thomas Sullivan represented the sellers Camber Real Estate Partners and Cushman & Wakefield served in an advisory capacity to the buyer group. “New Jersey has one of the largest ...

Major New Investigation into Trump Real Estate Deals in India Reveals Corruption, Lawsuits, Fraud

03/24/2018 And President Trump himself has welcomed Indian Prime Minister Narendra Modi, a far-right Hindu nationalist, to the White House, as well as entertained politically connected Indian real estate developers ... in Edison, New Jersey, organized by the ...

Real Estate Exhibition Trade Fair, TAGExpo to Hold

03/22/2018 The team at The Anirejuoritse Group (TAG) Nigeria Limited, has commenced plans to activate this year’s edition of its annual Real Estate Expo organised ... there are plans to meet up with Nigerians in the New Jersey and DC area of America.

Affinity FCU partners with CU Realty Services to bring HomeAdvantage to New Jersey

03/22/2018 SCOTTSDALE, AZ (March 22, 2018) — Seeking to improve member services and increase mortgage closing rates, Affinity Federal Credit Union turned to HomeAdvantage®, a turnkey real estate program from CU Realty Services. This is the first New Jersey-based ...

Glen Kelly Real Estate Celebrates Grand Opening of their Colts Neck Office

03/10/2018 We wish you the best of luck in your newest location!” Glen Kelly Real Estate has nearly 50 agents. Originally based in southern New Jersey, they have now officially expanded into Monmouth County with the opening of their new Colts Neck office.

Real estate veteran Todd Anderson dead at age 58

03/20/2018 Anderson was also instrumental in bringing The Medicines Company and Realogy, a real estate and relocation company, to those new Jersey offices. His work with those two companies earned the NAIOP’s Deal of the Year awards in 2008 and 2012. Anderson’s ...

Free Seminar: Commercial Real Estate Investment and Property Management

03/19/2018 During the seminar, several of New Jersey’s leading real estate investment and property management experts will share their insights and strategies to getting started on the road to success. Speakers include Jim Sousa, president of Weichert Commercial ...

Atlantic Environmental Solutions Facilitates NJ LSRP Projects

03/21/2018 Michael Novak, LSRP, president of Atlantic Environmmental Services Inc. HOBOKEN, NJ—Full-service environmental consulting firm Atlantic Environmental Solutions has been playing a significant role in commercial real estate development in New Jersey by ...

Need a new roof? New Jersey just made that a lot easier

03/19/2018 New rules in New Jersey, in effect this month ... "It will expedite the jobs," said Bill Kretzer, owner of Ocean Real Estate Services in Forked River. "It saves us the time of filling out the permit, running to the township." And the cost of the permit ...