State: New Jersey -NJ

January 21, 2003 BERGEN COUNTY, N.J. – First Industrial Realty Trust Inc. (NYSE:FR) has bought the Allendale Industrial Park in Bergen County from TA Associates Realty Corp. The eight-building, 409,615-square-foot complex, at the intersection of Boroline Road and Route 17, ...

January 21, 2003 BRIDGEWATER, N.J. – Advance Realty Group has recently acquired the 225,000-square-foot UPS facility at MiddleBrook Crossroads. In 2000, Advance Realty Group acquired the balance of the 800,000-sf office/flex/warehouse park and subsequently completed a substantial capital improvement program ...

January 17, 2003 Volkswagen of America Inc. has sold its 312,408-square-foot facility at 1 Commerce Drive in South Brunswick, N.J., to Clarion Partners for $14.1 million.Trammell Crow Co. represented Volkswagen in the sale of the property.Clarion Partners, a pension fund ...

January 16, 2003 Moody's Investors Service has downgraded five classes of GMAC Commercial Mortgage Securities Inc., 2002-LT, because it had previously downgraded the long-term debt ratings of Lucent Technologies Inc.The transaction's ratings are based on the recovery value of the ...

January 16, 2003 Home News Tribune (East Brunswick, N.J.)SOUTH BRUNSWICK, N.J. – Federated Department Inc. plans to close its Macy's store in the South Brunswick Square Mall on or around March 9. Paul Arena, managing director at New York City-based ...

January 16, 2003 LEM Capital has made another preferred equity investment in apartment properties.The Philadelphia company, which recently raised a $200 million fund that will focus on writing mezzanine loans, invested $2.9 million to buy and restructure the preferred equity ...

January 9, 2003 The Bergen (N.J.) RecordEAST RUTHERFORD, N.J. – Prominent New Jersey real estate developer Charles Kushner has backed away from a role in the $1 billion golf resort project in the Meadowlands, fearing his involvement could tarnish his ...

January 8, 2003 New York Post, (Third Item)JERSEY CITY, N.J. – Goldman Sachs no longer intends to occupy the entire 40-story tower in Jersey City as planned. Instead of putting a large chunk of space on the sublease market, however, ...

January 7, 2003 LEM Capital, which recently completed raising a $200 million fund that will make mezzanine loans, has starting putting its capital to work. The Philadelphia company has provided a $3.7 million preferred equity investment in Riverside Towers, a ...

January 6, 2003 The Times (Trenton, N.J.)SOUTH BRUNSWICK, N.J. – After a disappointing Christmas, the Macy's in South Brunswick Square Mall on Route 1 plans to close around March 7. News of the closing of the 80,000-square-foot anchor space comes ...