east Brunswick – Page 2 – Real Estate NJ

Greek Management earns prestigious AMO accreditation from IREM

Greek Real Estate Partners has gained a seal of approval for one of its key divisions, thanks to a new accreditation from the Institute of Real Estate Management.

Community

Greek continues focus on sustainability with fourth annual Earth Day cleanup

Greek Real Estate Partners is marking another Earth Day after having completed its annual cleanup event in the industrial park around its East Brunswick headquarters.

Professional Services

CBRE promotes Forcello to New Jersey market leader, senior managing director

Will Forcello has taken the reins as CBRE’s market leader in New Jersey, assuming the post after serving in an interim role since late last summer.

Professional Services

WilkinGuttenplan promotes Brady to co-leader of real estate practice

Accounting and advisory firm Wilkin & Guttenplan PC has promoted Amanda Brady to co-practice leader of its real estate division.

Deals

Zimmel inks sale of 13,000 sq. ft. East Brunswick medical building

Zimmel Associates has brokered the sale of a 13,336-square-foot medical building in East Brunswick to Avatar Residential Detox Center for $2.1 million, the firm announced Tuesday.

Project tour, expansion to new schools helping to grow ULI’s UrbanPlan program for students

The Urban Land Institute’s UrbanPlan program is growing in New Jersey with its recent expansion to a second school district and a project tour led by Russo Development, creating new opportunities for students to participate in hands-on, simulated real estate planning.

Professional Services

Forcello, CBRE’s Central Jersey market leader, named managing director

CBRE has promoted Will Forcello to managing director, his latest role during more than 15 years with the real estate services firm.

Finance & Capital Markets

NAIDB: Morris, Middlesex counties shine in subdued capital markets environment

In a somewhat muted environment for commercial real estate investment, Morris and Middlesex counties were two bright spots in New Jersey in the second half of 2023.

Professional Spotlight

Newmark

Newmark has been fortunate to be involved in several award-winning large office transactions in the Garden State recently. This past year Gilead leased approximately 100,000 SF at Latitude in Parsippany, for which we represented both the tenant and landlord. Also in Parsippany, we completed Avis Budget Group’s new U.S. headquarters transaction in excess of 150,000 SF. Significant current landlord representation assignments in the office sector include 2 Gatehall Plaza (on behalf of owner SRG2 Partners LLC) in Parsippany, NJ; Glenpointe (on behalf of owner Alfred Sanzari Enterprises) in Teaneck, NJ; River Centre (on behalf of owner Paramount Realty) in Red Bank, NJ; Woodbridge Corporate Plaza (on behalf of owner Northeast Capital Group) in Iselin, NJ; and many other prominent office properties.