Karen Ravensbergen ( kravensbergen )

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NAIOP New Jersey Announces Deal of the Year Finalists

NAIOP New Jersey Announces Deal of the Year Finalists

The New Jersey Chapter of NAIOP, the commercial real estate development association, has announced the finalists for its highly coveted Deal of the Year Awards. Three winners, one each for Industrial Deal of the Year, Office Deal of the Year…

NAIOP NJ Building a Better NJ Series Kicks Off with Infrastructure & Logistics Update

NAIOP NJ Building a Better NJ Series Kicks Off with Infrastructure & Logistics Update

Infrastructure and logistics continue to be critical factors shaping New Jersey’s economic and real estate landscape. In the first installment of its 2018 “Building a Better NJ Series,” held at the Meadowlands Hilton in East Rutherford, NAIOP New Jersey invited…

Alfred Sanzari Enterprises Promotes John Schleer to Director of Project Management

Alfred Sanzari Enterprises Promotes John Schleer to Director of Project Management

Alfred Sanzari Enterprises has announced the promotion of John Schleer to director of project management. The Roxbury, N.J. resident joined the real estate development and operating company in 2007 as a construction project manager. The new title marks an extension of…

Bayonne Mayor Officiates Grand Re-opening of 90,000-Square-Foot Resident Clubhouse at Harbor Pointe Apartments

Bayonne Mayor Officiates Grand Re-opening of 90,000-Square-Foot Resident Clubhouse at Harbor Pointe Apartments

Mayor James Davis, city officials and more than 300 residents and families joined Castle Lanterra Properties (CLP) at a ribbon-cutting ceremony marking the official opening of the newly-renovated resident clubhouse at Harbor Pointe. The 544-unit luxury apartment community, situated on…

Cushman & Wakefield: Year Ends with Record-Setting Construction Completions and Historic Positive Absorption in Center City

Cushman & Wakefield: Year Ends with Record-Setting Construction Completions and Historic Positive Absorption in Center City

The vacancy rate for the Philadelphia MSA apartment market increased to 3.9 percent in the fourth quarter of 2017, due in large part to the addition of 4,040 new units in 2017, according to Cushman & Wakefield. The commercial real…

CRE Outlook: Economic Stimulus will Drive Demand for Industrial, Office Space; Retail Fundamentals Remain Strong in Areas with Good Demographics

CRE Outlook: Economic Stimulus will Drive Demand for Industrial, Office Space; Retail Fundamentals Remain Strong in Areas with Good Demographics

The significant economic stimulus spurred by federal tax reform will positively impact demand for commercial real estate, according to the keynote speakers at NAIOP New Jersey’s Annual Meeting and Commercial Real Estate Outlook. Over 300 industry professionals attended the sold-out…

Hampton Inn & Suites and Homewood Suites by Hilton to open in Teaneck in Spring 2018

Hampton Inn & Suites and Homewood Suites by Hilton to open in Teaneck in Spring 2018

Two new Hilton hotels will open under one roof at 1 Glenwood Avenue in Teaneck, New Jersey in spring 2018, offering leisure and business travelers modern new accommodations in a relaxing environment with easy access to local businesses and attractions,…

7-Eleven Lease, Imminent Blink Fitness Opening Mark New Chapter for Ironbound Plaza in Newark, N.J.

7-Eleven Lease, Imminent Blink Fitness Opening Mark New Chapter for Ironbound Plaza in Newark, N.J.

A recently signed lease with 7-Eleven and the imminent opening of Blink Fitness at Ironbound Plaza mark the start of a new chapter for this Newark landmark property at 2 Ferry St. Paramount Assets purchased the triangular-shaped, limestone-clad building vacant…

Alfred Sanzari Enterprises Holding Annual ‘Operation Holiday’ Gift and Toy Drive

Alfred Sanzari Enterprises Holding Annual ‘Operation Holiday’ Gift and Toy Drive

Continuing its long-standing tradition of giving back to the community, Alfred Sanzari Enterprises is holding its annual “Operation Holiday” gift and toy drive. The company is working in conjunction with Eva’s Village, a non-profit social service organization and one of…

Walnut Street, Philadelphia, Ranked no. 12 in Americas’ Most Expensive Retail Locations: Cushman & Wakefield Launches ‘Main Streets Across the World’ Global Report

Walnut Street, Philadelphia, Ranked no. 12 in Americas’ Most Expensive Retail Locations: Cushman & Wakefield Launches ‘Main Streets Across the World’ Global Report

Cushman & Wakefield has released the 29th edition of its global flagship report, Main Streets Across the World, and within the Americas – Philadelphia’s Walnut Street is listed as the 12th most expensive location in the country (*see table listing…

Castle Lanterra Properties Continues to Expand Multifamily Portfolio in Colorado

Castle Lanterra Properties Continues to Expand Multifamily Portfolio in Colorado

Castle Lanterra Properties (CLP) has expanded its multifamily portfolio with the acquisition of its third property in the Denver metro area within the past year, which brings its total unit count to over 900 in the Denver MSA. The New…

Cushman & Wakefield Arranges Sale of 2925 East Market in York, PA

Cushman & Wakefield Arranges Sale of 2925 East Market in York, PA

Cushman & Wakefield’s Pennsylvania industrial team has orchestrated the sale of 2925 East Market Street in York. STAG York, LLC, a wholly owned subsidiary of STAG Industrial, Inc. purchased the 390,000-square-foot industrial property from Alliance Partners HSP for approximately $19…

Alfred Sanzari Enterprises Holding Annual ‘Giving Thanks Food Drive’

Alfred Sanzari Enterprises Holding Annual ‘Giving Thanks Food Drive’

Alfred Sanzari Enterprises is helping to make the holidays brighter for community members in need by hosting its annual “Giving Thanks Food Drive.” The real estate development and operating company is working in conjunction with The Second Reformed Church in…

Cushman & Wakefield 3Q Industrial Market Report: Falling vacancies in Philadelphia

Cushman & Wakefield 3Q Industrial Market Report: Falling vacancies in Philadelphia

Commercial real estate services firm Cushman & Wakefield, Inc. issued its third quarter 2017 industrial real estate marketbeat today, reporting that industrial real estate vacancy declined in Philadelphia but rose along the PA I-81 and I-78 Corridor, where developers completed…

Specialists Marketing Services Extends Lease at Heights Plaza

Specialists Marketing Services Extends Lease at Heights Plaza

Specialists Marketing Services has renewed its commitment to Heights Plaza, located at 777 Terrace Ave. in Hasbrouck Heights, N.J. A tenant since 2008, the multi-channel marketing company extended its lease and will occupy 10,800 square feet at the Class A…

Environmental Concerns in the Wake of a Hurricane, Flood Event

Environmental Concerns in the Wake of a Hurricane, Flood Event

This year’s Atlantic hurricane season has been among the most active in recent history, bringing with it a rapid succession of storms and causing unprecedented damage to residential/commercial properties and entire communities. Even after rainfall subsides and floodwaters recede, lingering…

Cushman & Wakefield Philadelphia Office Market Report Q3 2017: CBD, Suburban Markets Turn in Positive Absorption

Cushman & Wakefield Philadelphia Office Market Report Q3 2017: CBD, Suburban Markets Turn in Positive Absorption

The Philadelphia Central Business District (CBD) overall office vacancy rate increased marginally year-over-year during the third quarter of 2017, while declining vacancy in suburban office buildings continued to push rents higher there, according to Cushman & Wakefield. The commercial real…

Warren Corporate Center Amenity Hub Sets New Experiential Workplace Benchmark

Warren Corporate Center Amenity Hub Sets New Experiential Workplace Benchmark

The ground-up development of a 19,000-square-foot, stand-alone amenity hub at Warren Corporate Center in Warren marks Vision Real Estate Partners’ and Rubenstein Partners’ latest experiential workplace benchmark. With construction now underway, the joint venture partnership is continuing its track record…

Mountain Development Arranges Office Lease at One Waterview Drive

Mountain Development Arranges Office Lease at One Waterview Drive

Tangoe Inc., a leading global provider of telecom expense management (TEM) solutions, has leased 34,200 square feet of office space at One Waterview Drive in Shelton, Conn. The 95,000-square-foot Class A building is owned and managed by Mountain Development Corp.…

CLP’s Hannon Discusses Managing Operational Risk with China Everbright Group

CLP’s Hannon Discusses Managing Operational Risk with China Everbright Group

Edmund Hannon, Chief Operating Officer of Castle Lanterra Properties (CLP), presented a discussion on enhanced operational due diligence for alternative investment managers to a group of top executives from China Everbright Group, a state-owned financial consortium with interests in banking,…

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