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A Hampton Inn & Suites and a Homewood Suites by Hilton is set to open in Teaneck in the spring of this year. The two hotels will provide 350 rooms and 1,230 square feet of meeting space, and are being developed by Alfred Sanzari Enterprises.
Brokerage firm NKF recently announced it represented Ivy Realty in the sale of the Morris Corporate Center IV in Parsippany. The team also procured a buyer, Rubenstein Partners and Vision Real Estate Partners.
Fahri Ozturk and Kim Kretowicz of brokerage firm Marcus & Millichap marketed and represented the seller of a 60,000-square-foot office building in West Orange, the firm announced this week. The property located at 414 Eagle Rock Ave. was 92 percent occupied at the time the transaction closed and traded for $8.825 million according to regional manager Brian Hosey.