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Next Stop Mahwah: Four reasons Mahwah, N.J. is quickly becoming a premier destination for today’s industrial users   By: Ken Lundberg, SIOR, Vice President

Next Stop Mahwah: Four reasons Mahwah, N.J. is quickly becoming a premier destination for today’s industrial users By: Ken Lundberg, SIOR, Vice President

For many, Mahwah, New Jersey is known as the last exit on Interstate 287 before crossing into New York State or a great place to go with your family to take in the beautiful scenery of the Ramapo Mountains. However, Mahwah is gaining another reputation; one that’s great news for the Township, commercial real estate developers and investors, and companies looking to grow.

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Unlocking Opportunities for Smart Redevelopment with Rezoning By: Ken Fioretti, Sales Associate

Unlocking Opportunities for Smart Redevelopment with Rezoning By: Ken Fioretti, Sales Associate

Municipal zoning codes fill an important, yet often overlooked, role in commercial real estate. Generally, much of the value of existing properties can be predetermined simply by a careful review of the zoning codes and underlying economic factors. For example, land zoned for retail in Paramus will almost always attract a premium dollar amount. However, despite the best efforts of municipalities, zoning codes can inadvertently restrict the best possible uses for some properties which can also stymy development. Fortunately, many towns and cities throughout the region have revaluated this issue and are taking positive steps to encourage development through substantial rezoning efforts.

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Is the Time Right for a Lease Audit? By: Walter Wolf, Vice President

Is the Time Right for a Lease Audit? By: Walter Wolf, Vice President

Real estate is the largest cost that most business owners carry with the exception of personnel expenses. Controlling costs to maintain profitability is critical as rent prices and space needs fluctuate but it can be difficult to predict expenses amidst the ebbs and flows of the business cycles. Understanding the terms of your lease and your contracted financial obligations can help to avoid costly oversights and in many cases overpayment. If you are unsure if you are overpaying, perhaps the time is right for a lease au

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Thinking Beyond Amazon in the Meadowlands Industrial Market By: Andrew Somple, SIOR, Senior Vice President

Thinking Beyond Amazon in the Meadowlands Industrial Market By: Andrew Somple, SIOR, Senior Vice President

Along with my colleague, Judy Troiano, and Chuck Lanyard, President of The Goldstein Group, I recently spoke at the 11th Annual Meadowlands Conference hosted by the Northeast New Jersey Chapter of the Appraisal Institute to discuss the challenges and opportunities presented by the current commercial real estate market in Northeast New Jersey, particularly the Meadowlands. 

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New Jersey Office Market is in a State of Transition, Not Demise By: Judy A. Troiano, CCIM, CIPS, Senior Associate

New Jersey Office Market is in a State of Transition, Not Demise By: Judy A. Troiano, CCIM, CIPS, Senior Associate

Typically, towns in New Jersey were defined by office parks that seemed to dot the land surrounding every major thoroughfare in the state. The suburban sprawl seen in New Jersey was unlike anything seen throughout the country and was geared towards commuter-centric development with large residential subdivisions separated from office parks that were only accessible via highways and major roads. That vision has changed drastically over the past several years.

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Three Key Takeaways from CAPRE’s Fifth Annual Northeast Industrial Real Estate & E-Commerce Summit

Three Key Takeaways from CAPRE’s Fifth Annual Northeast Industrial Real Estate & E-Commerce Summit

Kenneth Lundberg, Senior Vice President, NAI James E. Hanson

The commercial real estate world has seen change in recent years at what seems like a break neck pace to both those within and outside of the industry. This rapid change has led to a great debate among commercial real estate professionals as to the direction of the market as we head into the summer of 2017. Along with dozens of other industry leaders, I recently attended CAPRE’s Fifth Annual Northeast Industrial Real Estate & E-Commerce Summit on April 25th at Maritime Parc in Jersey City where we discussed this very important topic and the impacts it will have on our respective markets. It was my distinct pleasure to represent NAI Hanson on a panel moderated by Kevin McGowan of McGowan Real Estate Advisors with fellow industry leaders Jose Cruz from HFF, Kyle Schmidt from Cushman and Wakefield, Andrew Houston from Talos Capital and Greg Rogerson from J. G. Petrucci.

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Mixing Generations of Best Practices for Success

Mixing Generations of Best Practices for Success

Russell J. Verducci, Associate Vice President I started my career in commercial real estate 12 years ago. To put that into context, I started using email in high school and I did not have a cell phone until college. Mark Zuckerberg was still a normal (if not...

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High Demand for Warehousing/ Distribution Spaces Will Continue to Power Northern NJ Commercial Real Estate Market in 2017

High Demand for Warehousing/ Distribution Spaces Will Continue to Power Northern NJ Commercial Real Estate Market in 2017

By: Scott K. Perkins, SIOR, CCIM Managing Director of Corporate Services at NAI James E. Hanson

This piece was originally featured in the January 27th issue of the Mid Atlantic Real Estate Journal.

There is ever-increasing demand for warehousing/distribution buildings from e-commerce distributors and 3rd party fulfillment operations. As consumer online purchases increase, expectation of delivery windows are decreasing from two-days to same-day shipping, spurring the continued demand for space closer to major population centers. 

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