TRENTON, NJ—New Jersey voters resoundingly defeated a proposal to extend casino gambling into North Jersey, while requiring the state to dedicate the newly increased gasoline tax for use only in the Transportation Trust Fund.
EAST ORANGE, NJ—The purchase is part of a string of acquisitions for Global Medical Real Estate totaling nearly $31 million since going public in July.
NEWARK, NJ—“In this high-tech world, businesses need high-speed internet to stay in touch with their customers and to stay ahead of their competitors. Newark Fiber does just that,” says Newark Mayor Ras J. Baraka.
“Maple Bay Estates is the most luxurious rental property I have ever seen built in Elizabeth,” says Kislak's Jeff Squires. “The record-shattering price of almost $250,000 per unit illustrates the strong investor demand for quality properties in such close proximity to New York City.”
PLAINSBORO, NJ—The property is currently 42% occupied, but a lease with Key Food, a Northeastern-based independent grocer, will take the center's occupancy to 62% in early 2017.
PHILADELPHIA—Brad Korman, co-CEO of Korman Communities and Jacob Reiter, president and chief investment officer of Verde Capital, are organizing the invitation-only breakfast, dubbed the “CRE Change Summit."
RIVERDALE, NJ—Alexan Riverdale is situated on 15 acres at 6000 Riverdale Road near the intersection of Interstate 287 and Route 23, providing access to multiple shopping and dining amenities as well as local employment centers in Wayne, Parsippany, Morristown and Midtown Manhattan.
ENGLISHTOWN, NJ—“Jersey Mike's was named the fastest growing restaurant chain in the US for the last three years by Nation's Restaurant News,” says Gary Krauss of Pierson Commercial Real Estate, which represented the sandwich chain in its recent leases.