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Moving forward on Fort Monmouth redevelopment
The Fort Monmouth Economic Revitalization Authority said it is moving forward on plans to redevelop the 1,126-acre U.S. Army base that is scheduled to close in September, after assessments and recommendations were made recently by a consulting firm.The three-part overview addressed necessary planning, engineering, architectural an[...]
Savings send Garden State firm across river
Nadri moved to New Jersey to lower its real estate costs, said Newmark principal Frank Recine, who represented property owner Chetrit Group in the deal. At Fort Lee Executive Park, located at 2 Executive Drive, the company is paying rent in the mid-$20-per-square-foot range, compared to rent averaging $60 a foot in midtown Manhattan[...]
State pledges 40M to Parkway interchange project near Ft. Monmouth
The Chris Christie administration said late Thursday it plans to invest New Jersey Turnpike Authority capital funds in a Garden State Parkway infrastructure project that will help bolster the redevelopment of Fort Monmouth, the U.S. Army base scheduled to close in September.The Chris Christie administration said late Thursday[...]
Tellers union accepts Meadowlands Racetrack takeover deal
Sports Arena Employees' LIUNA Local 137, which represents the mutuel clerks at the Meadowlands Racetrack, announced Tuesday that its executive board has voted unanimously to approve a modified collective bargaining agreement extension offered by real estate executive Jeffrey Gural, who is seeking to take over the...Sports Arena Em[...]
Union Meadowlands Racetrack deal expected by end of day
An agreement between the union representing the mutuel clerks at the Meadowlands Racetrack and real estate executive Jeff Gural, who is seeking to takeover the track, is expected to be reached by the end of the day Tuesday.An agreement between the union representing the mutuel clerks at the Meadowlands Racetrack and real estate execu[...]
Japan quake won’t alter N.J. building codes
The 9.0-magnitude earthquake that hit Japan in March isn’t likely to shake up building design codes in the Garden State, according to one local architect.The 9.0-magnitude earthquake that hit Japan in March isn’t likely to shake up building design codes in the Garden State, according to one local architect.New Jersey has[...]
Report N.J. retail vacancies stabilizing
The overall retail vacancy rate in northern and central New Jersey appears to be stabilizing, with vacancies at 8.12 percent in January 2011, compared to 8.16 percent in July 2010 and 8.11 percent in January 2010, according to a new retail vacancy report released last week by the Goldstein Group, a Paramus-based retail brokerage firm[...]
Building relationships to secure work
Despite a still-fragile economy and cuts to state and local budgets, architecture and engineering firm LAN Associates is keeping the work coming in by building its rapport with clients.With towns cutting back on discretionary construction, Kenneth H. Karle, president of architecture and engineering firm LAN Associates, says the compa[...]
Dated space, but demand high
With data center construction still going strong in New Jersey, a growing amount of older space is now hitting the market, as companies seek more modern buildings. But data center providers are acquiring and retrofitting older assets to accommodate current technology and power demands.It is more economical for a smaller data center c[...]
Bill gives lift to urban development projects
Urban investment stands to get a boost from a bill that seeks to extend the approval period for projects in New JerseyÂs more heavily developed areas, according to the stateÂs real estate players. While municipalities also support the legislation, towns and other stakeholders are concerned certain terminology in the bill could crea[...]
FAA center giving South Jersey wings
With the Next Generation Aviation Research & Technology Park under way at the Federal Aviation Administration campus, in Egg Harbor Township, a handful of aviation-related projects are being considered, both on and off the complex, to further bolster the industry and reshape commercial development in South Jersey.The proposed pro[...]
Insiders say worst may be over for N.J. office market
Corporate consolidations and restructurings are winding down in the New Jersey office market, according to real estate insiders, as companies pull out from a recession that drove many to shed large amounts of space. While some industries are expected to continue downsizing, other sectors are poised for expansion in the coming year, w[...]
Business split on Barnegat cleanup
A wave of bills aiming to reduce pollution in Barnegat Bay  one of Gov. Chris ChristieÂs top environmental priorities  is receiving mixed reviews from the New Jersey business community. Proponents said the legislation will make the local commercial fishing and tourism industries more viable, but others said the bills could raise[...]
Setting aside projects for women
After a decade of delay, a federal program aimed at setting aside government contracts for women-owned small businesses is expected to see the light of day early next year.In October, the U.S. Small Business Administration issued the final rule to implement the Women-Owned Small Business Federal Contract Assistance Program, which wil[...]
N.J. ahead of others on offshore wind power
The Garden State has a total of 17.5-gigawatts of commercially-viable offshore wind potential, enough to power 4.8 million households, according to a new report released last week.Of the 13 Atlantic Coast states highlighted in the National Wildlife FederationÂs report, ÂOffshore Wind in the Atlantic, New Jersey had the highest nu[...]
In shadow of Xanadu, rising hope
WHISPERS OF A bidding process that may be quietly coming to a resolution have business owners in the Meadowlands optimistic about XanaduÂs completion and the regionÂs future.Sources familiar with the long-stalled retail and entertainment complex said Triple Five, of Canada, appears to be the leading candidate, though three or four[...]
Engineers shelve design plans, extend reach as weak demand for projects slams bottom lines
With worries mounting and job prospects dwindling from the lack of private and public-sector construction activity in the state, New JerseyÂs engineering firms are seeking other means of bringing in work and revenue, either by expanding into new sectors or ramping up operations in other states. Source: NJBIZÂThere are huge issues a[...]
Engineers shelve design plans, extend reach as weak demand for projects slams bottom lines
With worries mounting and job prospects dwindling from the lack of private and public-sector construction activity in the state, New JerseyÂs engineering firms are seeking other means of bringing in work and revenue, either by expanding into new sectors or ramping up operations in other states. Source: NJBIZÂThere are huge issues a[...]
Federal, state initiatives aid small-business exports
Exporting has been a major focus for both the federal and state governments this year. In March, President Barack Obama launched the National Export Initiative, which aims to double U.S. exports and create several million new jobs in the next five years. As part of this initiative, the U.S. Small Business Administration kicked off[...]
Manufacturer gets stronger in recession
In the midst of an economic slowdown, specialty chemical company Grignard Co. LLC has gained momentum through diversification of products and customers, and conservative business practices.ÂWhat we did before the recession helped us out during the recession, said Etienne Grignard, managing principal,...Etienne Grignard, right, man[...]
