The One Thing New Jersey
Landlords Must Know
Savills Studley branch manager Chris Marx and his team have been behind some of New Jersey's largest leases over the past few years, including Wiley's 386k SF renewal at 111 River St, Hoboken; the New Jersey Turnpike Authority's 205k SF lease at the landmark Hess Building in Woodbridge; and Securitas' 85k SF consolidation into 9 Campus Dr, Parsippany. These deals had one thing in common: landlords knew exactly what tenants wanted.
It's a strategy Northern New Jersey will need as it heads into the next stretch of the cycle. While leasing along the Waterfront has maintained momentum—with growth in rental rates to match—there are 700k SF that will be coming on the…
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BisnowTV Exclusive: The History Of Harry Macklowe (Part 3)
Kenneth Weissenberg, partner at EisnerAmper, and Harry Macklowe, chairman of Macklowe Properties, sit down and discuss how Harry got started in real estate.
Click here for the video.
Watch Part 1 - Click here
Watch Part 2 - Click here
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7 Things You Should Know About Bell Works
On June 15, Bisnow will be hosting its Reinventing New Jersey event at the epitome of reinvention, Somerset Development's Bell Works. Here's what you should know about the $200M redevelopment, which will be a mix of office space, retail, bar/restaurants, healthcare, community services (including a library) and event space.
1) It was once the headquarters for Bell Labs.
The property was originally built between 1962 and 1964, designed by world-famous architect Eero Saarinen (who also designed the TWA terminal at John F. Kennedy International Airport and the St. Louis…
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Newell Moves HQ From Atlanta To Hoboken
Newell Brands, which just completed a $15B merger with Jarden Corp, is relocating its headquarters from Atlanta to SJP Properties' Waterfront Corporate Center III in Hoboken.
The company—known for Rubbermaid containers and Sharpie markers—has been based in Atlanta since 2008…
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Economists Weigh In: Do April's Poor Jobs Numbers Rule Out A Fed Rate Hike?
The US economy added 160,000 jobs in April, according to the Department of Labor's jobs report, making April the weakest hiring month since September 2015—and flying in the face of Bloomberg and Wall Street Journal surveys of top economists who on average expected 200,000 and 205,000 jobs added, respectively. Given the poor employment showing, Bisnow sat down with top economists for their take on the odds of a June Fed rate hike.
Click here for the full story. |
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Cammeby's Nabs $218M In Multifamily Acquisition Financing
Cammeby's International received $218.2M in acquisition financing for the purchase of two New Jersey multifamily communities: Pleasant View Gardens in Piscataway (above) and Wayne Village in Wayne.
Meridian Capital Group's Abe Hirsch and Zev Karpel arranged the 10-year Fannie Mae loans…
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REIT Scorecard: Last Week's Winners And Losers
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Masculine Mystique: Men Spending More Money On Fashion, Services And Accessories
Men are paying more attention to, and spending more money on, their appearance. They are dressing themselves in better fitting, higher-fashion, more colorful apparel. The menswear market is expected to see an 8% increase in revenue by 2017, a growth rate almost twice that of womenswear. Beyond apparel, high-end accessories, especially watches, are seen as desirable status symbols by male consumers. Men are also spending more on personal care like shaving products, hair styling and moisturizers; some are even focusing on personal or luxury services like male-oriented salons.
A survey by Boutique@Ogilvy found men spend an average of $85/month on apparel and accessories, compared to $75 for women. While men tend to frequent more stores, they are twice as likely to go shopping online. This may be in part due to lack of physical retail options. In the future, we can expect the expansion of men's retailers both online and offline, more personal, luxury services specifically for men and more bespoke, or customized, retail stores.
Click here for the full story.
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Want To Host A Bisnow Event At Your Raw Space?
Are you a developer or broker with office space to lease? How about a property manager managing some empty floors? Are you stressing out about having to hold broker parties in your space? Why not become a Bisnow Raw Space Sponsor and host a Bisnow event instead? We'll do all the work!
As experts in real estate events, Bisnow's top-tier events team can handle the logistics and pack your space with hundreds of real estate execs and industry leaders. All you have to do is sit back and bask in the publicity generated around your building.
Are you interested in joining the 73 site owners that gave their raw spaces for a Bisnow event in 2015? Email Bisnow VP of Revenue Growth & Product Development Miles Bloom, and let's make 2016 (almost) never boring. Just so you know, this is a sponsorship, but it's totally worth it. |
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