EAST BRUNSWICK, NJ—CW Solutions, a national real estate services firm specializing in the utilities and wireless telecommunications industries, has named William Flanagan of Holmdel, NJ, senior right-of-way project manager.
BASKING RIDGE, NJ–The Garibaldi Group has completed a 52,068 square foot building sale at 170 Mount Airy Road in Basking Ridge, NJ. Peter Blanchard, principal, and Lee Barnes, vice president, represented both the seller, Hooper Holmes Inc. and the buyer, McElroy, Deutsch, Mulvaney & Carpenter.
PHILADELPHIA, PA – Public Health Management Corporation, a nonprofit public health institute that creates and sustains healthier communities, has moved the company's headquarters to Centre Square, 1500 Market Street.
KING OF PRUSSIA, PA—A fund advised by CBRE Global Investors has acquired a single-tenant grocery asset in King of Prussia, near Philadelphia. Located at 1 Village Drive in King of Prussia, Penn., the trophy-quality grocery property has a 25-year ground lease with Wegmans for a 147,456 sq. ft. store. Constructed in 2012, the store is a prototypical design for the dominant grocer, which has 83 stores across the Northeast and is one of the largest private companies in the United States.
JERSEY CITY, NJ—Sabre Real Estate Group LLC, based in Garden City, NY, is expanding its presence in the Garden State, opening an office at 30 Journal Square in Jersey City and naming industry veteran James Aug as principal to run and manage the six-broker office.
MONTVILLE TOWNSHIP, NJ — Chapin Leasing & Management has completed four lease transactions totaling 94,000 square feet at Montville Corporate Centre III. Located at 19 Chapin Road in the Pine Brook section of Montville Township, the property is owned by a joint venture partnership of AEW Capital Management and Chapin.
HACKENSACK, NJ—Real estate development firm Alfred Sanzari Enterprises has named Stephen C. Jennings of Westfield, NJ, vice-president of leasing and marketing. Jennings is a 20-year veteran of commercial real estate experience in the areas of leasing, asset management, finance, brokerage, investments and property management.
SPRINGFIELD, NJ—Understanding the key valuation ratios plays a critical role in determining when a property tax assessment should be appealed, Springfield attorney Daniel Kanoff tells GlobeSt.com exclusively. In the second part of a two-part Q&A, Kanoff describes how tax appeal attorneys calculate the “upper limit value” for a property to decide whether the tax assessment is reasonable.
SPRINGFIELD, NJ—New Jersey commercial property owners and investors need to keep close tabs on local property tax assessments to ensure that their properties are fairly valued, or they may be overpaying taxes, warns a New Jersey attorney specializing in property tax appeals.
WALLINGTON, NJ—Sewage ejector systems that are chronically clogged and HVAC systems that give out in extreme weather are issues that rank high on a list of growing concerns among commercial and industrial facility managers in aging industrial areas of New York and New Jersey.
