Regions Northeast | New Jersey
Duke Names Development and Leasing Head for East Region
May 20, 2008

Duke Realty Corp. announces that Bob Grossi has been named vice president of development and leasing for its East Region, with primary responsibility for overseeing the redevelopment of the former General Motors' assembly plant site in Linden, N. J. Grossi joined Duke in 1999 and most recently served as the national development manager for the company's National Built-to-Suit Group where he was responsible for more than $230 million in new development business. In his new position, Grossi will manage Duke's northern New Jersey business which includes the Linden redevelopment project and be responsible for creating and expanding new opportunities for owned portfolio, third-party, and built-to-suit construction projects in northern New Jersey and other Duke developments along the eastern seaboard.

 
Recent New Jersey Headlines
The Orbach Group Acquires Miry Run Apartments in New Jersey
Aug. 19, 2008
The Orbach Group has purchased the Miry Run Apartments, a nine-building complex housing 144 units.  The  acquisition is the second Hamilton, N.J. property in the company’s portfolio, joining Victoria Apartments, bringing the Hamilton total to 460 units.
Freddie Mac Program Paves Way for $38M Refi of New Jersey Apartment Property
Aug. 15, 2008
A refinancing deal valued at $38.7 million has closed for Hunters Chase Apartments, a 360-unit multifamily community in Evesham, N.J.
liberty harbor $28M Financing Deal Paves Way for NJ Mixed-Use Waterfront Project
Aug. 07, 2008
Plans to erect an upscale 564,000-square-foot mixed-use project on a 2.7-acre coastal brownfield site in Jersey City, N.J., move forward with the closing of a $27.5 million loan to fund the acquisition and the environmental cleanup of the property. EnviroFinance Group L.L.C. provided the financing for developer Statue of Liberty Harbor North Redevelopment Urban Renewal L.L.C.
HFF Closes $24M Sale of The Carlyle Apartments in New Jersey
Aug. 07, 2008
The New Jersey office of Holliday Fenoglio Fowler L.P. has announced that it participated in the sale of The Carlyle Apartments, a 13-story, 128-unit Class A multi-family building in Hackensack, N.J.
Gill Medina Cushman & Wakefield New Jersey Update Paints Mixed Picture
July 28, 2008
Three Cushman & Wakefield reports covering New Jersey office and industrial markets depict a state that’s for the most part mirroring the national commercial real estate scene’s uncertainties, ambiguities and contradictions. In northern New Jersey, overall office vacancy rates are currently 16.2 percent, which is up 0.2 percentage points since the first quarter. Office leasing activity is down 43 percent from the first quarter. The central New Jersey office market is broadly similar. On the industrial side, the bad news is jobs and the good news is high-tech space and the Port Region.