Sanzari family foundation awards $50,000 in grants to nine organizations

The Alfred N. Sanzari Family Foundation has awarded nine grants totaling $50,000 as part of its latest round of funding to organizations and community service providers in the region.

Atkins Cos. founder, patriarch Steve Atkins dies at 97

Atkins Cos. is mourning the loss of S. Stephen Atkins, the founder of the multigenerational commercial real estate firm based in West Orange, who died Saturday at age 97.

ESG: An effective agent for positive change and a profitable ROI for CRE

What is ESG — or environmental, social and governance? It is basically a framework to assess how a commercial real estate portfolio manages risks and opportunities resulting from shifting conditions, market and otherwise, to environmental, social and economic systems. Environmental criteria address a company’s impact on and stewardship of the environment. Social criteria refer to how a company manages relationships with and creates value for stakeholders, such as customers, employees, suppliers, communities and shareholders. Governance criteria refer to a company’s leadership and management philosophy, practices, policies, internal controls and shareholder rights, including diversity, equity and inclusion and transparency of procedures and decision-making.  

EDA now taking applications for new Aspire gap financing program

The state’s Economic Development Authority is now accepting applications for Aspire, its new place-based gap financing program for commercial and residential projects.

Kennedy Funding moves to new headquarters in Englewood

Kennedy Funding, the longtime direct private lender, has moved to a new and expanded headquarters in Bergen County as it prepares for additional growth.

Jumping in

Call me provincial, but I’m always fascinated these days when I hear that an established investor, developer or retailer that operates nationally is only now finding its way into the New Jersey market. With our labor pool, our consumer base and the all-important draw of being a discount from New York City, one can’t help but wonder what took them so long in the first place — especially in an expansion that goes back more than a decade.

Fast-food, health care users vying for ex-bank locations with drive-thrus

Former bank buildings with drive-thru lanes have drawn interest from fast-food chains, medical office tenants and investors during the pandemic, thanks in large part to their structural features and prime locations.

Gebroe-Hammer cracks $2 billion in 2021 with sale of nearly 12,800 apartments

Gebroe-Hammer Associates is eyeing continued momentum in 2022 after a year in which it brokered the sale of nearly 13,000 apartments, inking some $2 billion in transaction volume.

LMC marks 1.2 million sq. ft. of deal activity in 2021, expects continued growth

Levin Management Corp. is marking a record year in which it closed 1.2 million square feet in transaction activity, in a hopeful sign for the health of brick-and-mortar retail.

Avison Young acquires workplace design firm Studio Eagle, adding 30-plus N.J. team members

Avison Young has acquired Studio Eagle, a Springfield-based design and workplace planning firm, marking a major addition to its New Jersey project management platform.