Caryl Communications Inc
WHISPERING HILLS IN BARNEGAT SELLS OUT 2011 INVENTORY
BARNEGAT, N.J. - August 22, 2011 - (RealEstateRama) -- Walters Homes has sold out its current inventory of eco-friendly townhouses at Whispering Hills. Pre-construction sales are currently underway on six units in Building 10, slated for construction in October 2011.
SEPT. 22-23: ENCELIUM TECHNOLOGIES TO EXHIBIT AT IIDEX/NEOCON CANADA
TEANECK, N.J./TORONTO, CA - August 18, 2011 - (RealEstateRama) -- Encelium Technologies will showcase its innovative energy management and lighting control systems at IIDEX/NeoCon Canada, Booth #121, on Thursday, September 22 and Friday, September 23, at the Direct Energy Centre in Toronto, Canada.
CUSHMAN & WAKEFIELD ARRANGES $78 MILLION SALE OF JERSEY CITY’S 2 JOURNAL SQUARE
JERSEY CITY, N.J. - August 17, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc.'s Metropolitan Area Capital Markets Group (CMG) has arranged the sale of 2 Journal Square Plaza, a landmark nine-story, 325,000-square-foot class A office building in Jersey City, N.J., representing seller Hartz Mountain Industries. The buyer in the $78 million transaction was Gaia Real Estate Investments in partnership with Phoenix Insurance and Menora Mivtachim Insurance, both based in Israel.
RYLIE RAGAN SMITH PROMOTED TO COMMUNITY MANAGER OF STAFFORD PRESERVE
BARNEGAT, N.J. - August 16, 2011 - (RealEstateRama) -- Walters Group, a leading residential and commercial real estate developer, has announced that it has promoted Rylie Ragan Smith of Manasquan to community manager of Stafford Preserve, a new luxury rental community slated for occupancy in the spring of 2012. The project is located just off Exit 63 of the Garden State Parkway, on Stafford Park Blvd. in Manahawkin.
FORMER GENERAL REINSURANCE HQ IN STAMFORD GENERATING CONSIDERABLE INTEREST
STAMFORD, CT - August 8, 2011 - (RealEstateRama) -- The former General Reinsurance Corporation headquarters at 695 East Main Street in Stamford, currently being marketed by Cushman & Wakefield's Metropolitan Area Capital Markets Group (CMG), has generated considerable interest since the offering was announced recently. Recognized as the premier office asset in Connecticut, the 560,000-square-foot property offers frontage and high visibility from I-95.
MARC PETRELLA JOINS CUSHMAN & WAKEFIELD AS SENIOR DIRECTOR
EDISON, N.J. - August 8, 2011 - (RealEstateRama) -- Commercial real estate industry veteran Marc Petrella of Belmar, N.J., has joined Cushman & Wakefield, Inc. in Edison as a senior director in the firm’s Central New Jersey industrial practice. He most recently served as first vice president/market officer at Prologis, where he was responsible for the overall performance and profitability of the company’s 18.6 million-square-foot New Jersey industrial real estate portfolio.
CARRIE ADRAGNA PROMOTED TO COMMUNITY MANAGER OF ATLANTIC HEIGHTS
BARNEGAT, N.J. - August 5, 2011 - (RealEstateRama) -- Walters Group, a leading residential and commercial real estate developer, has announced that it has promoted Carrie Adragna of Manahawkin to community manager of Atlantic Heights at Barnegat, a luxury apartment community in southern Ocean County.
NAIOP NJ JEFFREY J. SIEGEL GOLF CLASSIC SLATED FOR SEPT. 19
BEDMINSTER, NJ - August 4, 2011 - (RealEstateRama) -- The New Jersey Chapter of NAIOP, the commercial real estate development association, has opened registration for the NAIOP NJ Jeffrey J. Siegel Golf Classic, to be held September 19 at Trump National Golf Club in Bedminster.
HUDSON REALTY CAPITAL LLC ACQUIRES COLORADO PORTFOLIO OF 97 ADC LOANS FROM FDIC
NEW YORK CITY, N.Y. - August 4, 2011 - (RealEstateRama) -- A consortium led by Hudson Realty Capital LLC, a Manhattan-based real estate fund manager, has won the FDIC Small Investor Program (SIP) RADC structured-sale. The group acquired a $139 million Colorado portfolio of 97 acquisition, development and construction (ADC) loans in partnership with the Federal Deposit Insurance Corporation (FDIC). Hudson is partnering with Soundview Real Estate Partners of Stamford, Conn., and JCR Capital Investment Corp. of Denver, Col., in the joint acquisition.
HUDSON REALTY CAPITAL PROVIDES $13.1 MILLION NOTE ACQUISITION FINANCING FOR MISSISSIPPI RETAIL CENTER
NEW YORK, N.Y. - August 3, 2011 - (RealEstateRama) -- Hudson Realty Capital LLC, based in New York City, has provided $13.1 million in note acquisition financing ultimately secured by a power retail center located in central Mississippi. “Although several finance companies maintain that they offer note-acquisition financing, Hudson has actually been funding many of these transactions during the last 12 months. Past experience in this area is imperative since these deals are very dynamic and can take numerous unexpected twists and turns,” said Spencer Garfield, managing director. “Hudson has developed a comprehensive program to offer our borrowers the flexibility they need to effectuate their business plan while giving us the security we require.”
CUSHMAN & WAKEFIELD FACILITATES $120-MILLION CONDO INTEREST SALE OF VERIZON BUILDING
NEW YORK, N.Y. - August 3, 2011 - (RealEstateRama) -- Sabey Data Center Properties has acquired a principal condominium interest encompassing 29 floors of the 32-story building at Manhattan's 375 Pearl Street, commonly known as the Verizon Building, for $120 million. Sabey was represented in the transaction by Sean Brady of the East Rutherford, N.J. office of Cushman & Wakefield, Inc., and Jeffrey Heller of the firm's Midtown New York office. Youngwoo & Associates, Sabey’s local partner, was represented by Ron Solarz of Eastern Consolidated. Sellers M&T Bank and Taconic Investment Partners were represented by C.B. Richard Ellis.
NEW JERSEY’S INDUSTRIAL VACANCY DECLINES AS U.S. VACANCY FALLS TO TWO-YEAR LOW
N.J. - August 3, 2011 - (RealEstateRama) -- Cushman & Wakefield released midyear 2011 statistics for the U.S. industrial market that show the overall vacancy rate for New Jersey has declined. At the same time, the overall vacancy rate for the U.S. has declined to a two-year low.
NAIOP NEW JERSEY MEMBERSHIP GROWS BY 45
NEW BRUNSWICK, N.J. - August 2, 2011 - (RealEstateRama) -- With the addition of 45 new members in Q1 of 2011, NAIOP New Jersey, the commercial real estate development association, has seen its ranks grow. Established in 1970, NAIOP New Jersey is the leading commercial real estate, land use and economic development resource in the state. Through its link to NAIOP corporate, the New Jersey Chapter provides a direct connection to 18,000 members in North America.
Investment Real Estate at Mid-Year: Active, with Substantial Capital But Not Enough of the...
August 2, 2011 - (RealEstateRama) -- The first half of 2011 has seen significant capital allocated to real estate, but the market remains a "tale of two cities." The absolute right product continues to attract a great deal of interest, but if an asset is "slightly off," there is no action for it. That trend spans all four primary property types – retail, office, industrial, and multi-family.
THE AMERICAN DREAM IS SHIFTING FROM OWNING TO RENTING
BARNEGAT, NJ - August 1, 2011 - (RealEstateRama) -- For generations, the American Dream has been synonymous with homeownership. Today, however, with the stress on housing markets, some Americans are redefining that dream, finding they don’t have to buy to live well.
CUSHMAN & WAKEFIELD ARRANGES INDUSTRIAL USER SALE IN BRISTOL, PA
BRISTOL, PA - August 1, 2011 - (RealEstateRama) -- National Honey Almond, Inc., a wholesale distributor of fine cigars and a long-term client of commercial real estate services firm Cushman & Wakefield, Inc., has acquired a new headquarters propert...
IOREBA’S MEMBERSHIP CONTINUES TO GROW
ROCHELLE PARK, N.J. - July 27, 2011 - (RealEstateRama) -- Thirteen new members representing a broad range of commercial real estate-related professions have been accepted as members of the Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA). Dating back more than eight decades, IOREBA now has members in New Jersey, New York, Connecticut and Pennsylvania.
NAIOP NEW JERSEY VOLUNTEERS ASSIST STATE’S COMMUNITY FOOD BANK
HILLSIDE, N.J. - July 27, 2011 - (RealEstateRama) -- For the second year in a row, the Community Action Committee of NAIOP New Jersey conducted a food drive and volunteer day to benefit the Community Food Bank of New Jersey. More than 50 members, friends and staff of the commercial real estate association spent a full day transporting and unloading food donations, packing pasta and preparing food bags for seniors at the Hillside, N.J. headquarters of CFB, which provides food for 1,500 non-profit groups across New Jersey. NAIOP New Jersey members collected more than 450 pounds of food at their companies' workplaces, as well as cash donations at industry events and through a Virtual Food Drive
CUSHMAN & WAKEFIELD ARRANGES 60,000-SQUARE-FOOT DISTRIBUTION CENTER LEASE FOR AUTOMOTIVE SUPPLIER
NEWARK, DE - July 26, 2011 - (RealEstateRama) -- DYK Automotive, LLC has signed a lease for 60,000 square feet at Pencader Business Park, 650 Pencader Drive, Newark, Del. The automotive aftermarket supplier will utilize the site as its Northeast distri...
BALDASSARE & MARA, LLC LEASES AT 570 BROAD STREET IN NEWARK
NEWARK, N.J. - July 26, 2011 - (RealEstateRama) -- The law firm of Baldassare & Mara, LLC has leased 2,360 square feet at 570 Broad Street in Newark, representing the first commitment at the 15-story tower since The Berger Organization purchased a controlling interest in 570 Broad Street LLC, a partnership, earlier this year. The practice will relocate to the property from Chatham, N.J.
