Bloomfield, NJ office complex sells for $52M

first_img Tags Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Brad Domenico of Progress Capital arranged a $40 million acquisition loan for the buyer, and Natixis Real Estate Capital was the lender.Progress Capital said the buyer was particularly attracted to the property’s location, which is just off the Garden State Parkway. The office park recently got several upgrades, including new parking lots, and has tenant amenities such as a lounge and fitness center.Like other regions, New Jersey’s office market has been severely affected by the pandemic. The availability rate in the first quarter climbed to 21.6 percent, up 4 percentage points compared to the same time last year, according to a report from Avison Young New Jersey.But office properties are still selling. Most recently, Mack-Cali Realty sold its Short Hills, New Jersey, office portfolio to the Birch Group for $255 million.Contact Akiko Matsuda Progress Capital partner Brad Domenico and Broadacres Office Park (Photos via Progress Capital)An office complex in Bloomfield, New Jersey, sold for $52 million in an off-market transaction.ERCT Capital Group, a real estate investment firm based in Montclair, New Jersey, bought the four-building campus from P3 Properties, who paid $31 million for the property in 2017, according to public records. ERCT Capital was not immediately available for comment.The Broadacres Office Park spans 398,000 square feet across three buildings at 200, 300 and 400 Broadacres Drive, and an additional one at 1455 Broad Street.Read moreMack-Cali sells Short Hills, NJ office portfolio for $255MDifferent state, same problem: Office availability soars in NJMack-Cali Realty sells Metropark complex for $254ME Full Name* Share via Shortlink Email Address* New Jerseyoffice markettri-state weeklylast_img read more

Wheat harvest holds up despite patchy summer

first_imgAn improved harvest means bakers will be using more home-grown wheat this year. With most of the bread wheat now harvested, there is industry-wide relief that crops have survived well despite the patchy summer weather.Total yield estimates range from 14.2m-15m tonnes, while protein levels are higher than those in last year’s bumper harvest, when diluted protein caused problems for millers.UK flour milling trade body Nabim labelled it “an average harvest”. Said director general Alex Waugh: “There will be a certain amount of variation but there’s a reasonable amount of wheat to choose from.”ADM Milling reported that early indications pointed to good, albeit variable quality, moving across the country. Trading director Lewis Wright said: “In terms of blending it is expected that there will be a greater use of UK-grown wheat and we will work with our customers’ requirements to manage price and offer best value.”Warburtons’ executive director Brett Warburton said the signs were good for the UK: “It’s too early too say what the impact will be on our bakeries but the early signs are positive from a quality perspective. In Canada, the late harvest leaves the crop exposed to possible frost damage, but it’s too early to call.”Rank Hovis would be importing less from Germany, said head of wheat procurement, Gary Sharkey, who admitted a sense of relief after last year. He added that while the wheat price had gone up by £5 a tonne to £128 in the last few days (after the market reacted to a perceived lack of yield following Defra’s revised final projection, down half a million tonnes to 14.2m tonnes) prices had dropped since the middle of May.Like many bakers, NAMB member Anthony Kindred of Kindred Bakery, who has one shop, hoped prices would still ease slightly, but added: “The worry for a baker is when there’s a shortage because of a bad crop you panic a bit if you can’t get good enough flour, but it sounds as though it will be okay this year.”last_img read more

Key bakery categories outperform total UK food exports

first_imgThree of the four key value-added segments in bakery exports outperformed the total food and non-alcoholic beverage export market, which grew by 2.5% to £6.1bn in the first half of 2013.According to the latest report from the Food & Drink Federation covering the first six months of the year, major export markets of sweet biscuits and bread saw strong growth, while savoury biscuits also lifted moderately.However, there was little movement in the second-largest bakery export category, cakes.The largest segment, sweet biscuits, saw gains of 14.2%, to be worth £136m. The biggest wins were in Australia (up 71.9% to £6m), Saudi Arabia (up 37% to £5m), the US (up 16.5% to £7m), France (up 3.1% to £11m) and Ireland (up 2.5% to £40m). Meanwhile, other markets saw promising double-digit growth of around 19%.Bread performed well overseas, rising 6.9% to £54m, with France continuing to buy more bread from the UK – a market that now imports £6m of bread products (up 17.5%).The biggest shift in bread was a 64.7% boost to the Netherlands (to £3m). However, exports of cake to the country dropped by nearly a quarter over the same period, denting total cake exports, which rose just 0.5% to £96m.In the savoury biscuits category, which saw growth of 2.4% to £17m, the US attracted the strongest uplift, at 23.7%, to be worth around £4m. Australia and the Netherlands are burgeoning markets, both rising nearly 42% to around £1m.UK exports to the Eurozone were more competitive in the first half of the year as sterling weakened from an average of €1.22 in 2012 to €1.18 in 2013, said the report.“[The exchange rate] is more favourable for us and it has been since the economic downturn because of the weakness of the pound. But it has not been the driving factor [behind the growth in bakery exports],” James Marquette, economics executive and export lead at the FDF, told British Baker.“More food and drink companies are waking up to exports – even businesses producing short shelf-life items in the bakery sector have started to realise there are opportunities to export to ‘local’ markets, such as Ireland, France and Germany. They realise they can get their products over there and that they will do well.”UK exports to markets using the US dollar became marginally more competitive in the first half as sterling weakened from $1.58 in 2012 to $1.54 in 2013, stated the FDF.last_img read more

Sardi’s Surprises the Of Mice and Men Stars with Portraits

first_img Star Files View Comments Related Shows Of Mice and Men stars James Franco, Leighton Meester and Chris O’Dowd may be Broadway newbies, but now they’ll be a part of theater history! Sardi’s surprised the trio and their co-star, Tony winner Jim Norton, with their very own portraits. The sketches will will hang on the walls of the famed restaurant—that’s right, if you’ve ever wanted to slurp spaghetti next to James Franco, now you can! Check out this Hot Shot to see the resemblance between the starry group and their new portraits, then catch all four celebs in Of Mice and Men at the Longacre Theatre. James Francocenter_img Show Closed This production ended its run on July 27, 2014 Of Mice and Men Chris O’Dowdlast_img read more

Governor Douglas announces more than $3 million in economic development grants

first_imgA dairy processing plant in Brattleboro; a food processing center in Hardwick; a slaughterhouse in Westminster; and a Barre facility that recycles furniture and other goods for distribution to needy Vermonters were among more than $3 million in job creation grants announced today. At a ceremony at Recycle North s new facility in a former granite shed in Barre, Governor Jim Douglas announced the award of $3.3 million in Community Development Block Grants for those projects, as well as others. These grants are a great resource for companies, municipalities and organizations looking to grow and answer their unique challenges and needs, said Governor Douglas. I m pleased to honor each of these recipients today with grants that will help with planning, redevelopment, expansion, handicap accessibility and more. These recipients are very deserving of our support. All of today s recipients are making a positive and important contribution to our economy and our state s well-being. These projects will create jobs and opportunities, Governor Douglas continued. The town improvements being funded with these grants will put Vermonters to work and improve our communities. The specialty food products and opportunities being created and expanded with this money will help create jobs and give Vermonters a chance to realize their entrepreneurial dreams. Access to meat and dairy processing equipment is essential to farmers, especially during this difficult economic time. And certainly access to affordable housing that is close to schools and services is something I ve been very supportive of.Today s grants were awarded to the following towns, businesses and organizations:$650,000 implementation grant to the Town of Hardwick to be sub-granted to Northern Enterprises for construction of the Vermont Food Venture Center 2, a multi-purpose food processing facility in the Hardwick Industrial Park. 19 jobs will be created of which 10 will be to individuals with low- to moderate- incomes.$648,000 grant to the Town of Westminster to be loaned to Vermont Meats to retrofit and equip an existing facility located on Back Westminster Road to be utilized as a meat and poultry slaughter and processing facility. 15 jobs will be created of which 12 will be available to low- and moderate- income individuals.$600,000 implementation grant to the Town of Brattleboro to be loaned to Commonwealth Yogurt to purchase specialized equipment for a Class II Dairy Processing facility. Using conventional, rBST free, and organic milk the facility will produce cultured products, primarily yogurt for private label retail and wholesale customers as well as co-pack production for major national brands. 25 jobs will be created of which 14 will be low- to moderate- income individuals.$590,000 grant to the Town of Randolph for Randolph Area Community Development Corp to rehabilitate the former Ethan Allen plant. This project called Salisbury Square redevelopment is a mixed use, mixed-income project that will include 22 homes, 14 rental units and 1200 square feet of office space on the blighted property adjacent to downtown.$300,000 grant to the Village of Swanton to be given as a deferred loan to Champlain Housing Trust and Housing Vermont to construct 16 units of affordable rental housing known as Blake Commons. The vacant in-fill lot is situated near services, schools and recreation making it an ideal location for new housing.$294,820 grant to the City of Barre to be sub-granted to ReCycle North to purchase and renovate a historic granite shed in downtown Barre, cleanup contamination on the site, create classrooms and training spaces, and develop an efficient marketplace for reuse and processing areas to distribute goods to people in need. 10 jobs will be created of which 6 will be filled by low-to-moderate income individuals.$200,000 grant to the City of Montpelier to be sub-granted to Home Share of Central Vermont for service in Washington County and expanding into Orange and Lamoille Counties. This will allow Home Share to support 80 home share matches which will directly benefit 196 individuals.$30,000 planning grant to the Town of Hartford to be sub-granted to the Green Mountain Economic Development Corporation to create a plan for the redevelopment of Prospect Street in White River Junction.$24,900 access modification grant to the Town of Randolph to provide accessibility to the Randolph Municipal Building and bring it into full ADA compliance with state and federal regulations.$20,000 planning grant to the Town of Brighton to develop a plan to integrate the Island Pond commercial downtown with Island Pond Lake front by re-designing and improving the existing 5-acre Lakeside Park.The Agency awards the competitive grants based on recommendations of the Vermont Community Development Board and approval of Commerce and Community Development Secretary Kevin Dorn.For information about the Vermont Community Development Program, please see the Agency of Commerce and Community Development website at: is external)Source: Governor’s office, July 7, 2009last_img read more

Gear: Fall Fashion Must Haves

first_imgAs the days get shorter, the temperatures begin to drop and the trails become colored with falling leaves, it is time to transition your wardrobe to maintain comfort.  Below are a few of our favorite fall fashion items to help keep you feeling good and looking good on the trail as you continue to run, ride or hike all fall and winter long.Gear_smartwooljacketSmartwool Men’s Teller Jacket The Teller jacket combines a wind resistant front panel with an ultra-breathable merino wool back panel that is as soft as jersey knit cotton. The Teller is great to put on when you have finished a mountain bike climb and are preparing to descend. It also is a great choice for hiking since it keeps your core warm and protected from the wind, while allowing your heat to escape once you warm up.  The Teller jacket also transitions nicely to a casual piece when you are ready to go meet friends after a run or bike ride. Wish it came in more colors, but you are limited to green, blue or black.MSRP $160.00; smartwool.comGear_SmartwoolvestSmartwool PhD Smartloft Down VestThe Smartloft down vest is similar to the Teller jacket minus the sleeves.  It is more versatile and better suited for activities where you tend to work up a sweat and desire greater breathability and temperature regulation.  It too has a wind resistant front panel and breathable merino wool back.  The Smartloft is form fitting enough to allow you to comfortably bike or run in it.  The Smartloft vest is available in men’s and women’s cut and is fairly form-fitting compared to other vests.MSRP $170.00; smartwool.comGear_LorpenLorpen T3 Trail Running and Cycling SocksLorpen has once again raised the bar in sock technology.  Its motto, “to design and build the best technical socks in the world” is demonstrated through its continued innovation.  The T3 technology offers the utmost in breathability for both warm weather and cold weather.  Lorpen has designed a three-layer technology for winter socks and summer socks.  The winter T3 socks feature merino wool to help keep feet warm while maintaining breathability, while the summer line relies on Tencel and Coolmax for the utmost in breathability and cooling.  I tend to wear my trail and cycling T3 summer socks three seasons out of the year.  The T3 ski sock line is the best ski sock I have found in the marketplace in that it provides a warm and comfortable fit for all day outings in ski boots or hiking boots.  Lorpen socks have proven to hold up longer and retain less sediment than other merino socks on the market.MSRP $10.99-21.99; lorpennorthamerica.comlast_img read more

Bunny Hop Fail – Testing Armor-X’s Phone Case & Mounting Systems

first_img“But did you tell them you aren’t a phone guy?”This was a legitimate question from a good buddy of mine when I mentioned to him that the team at Armor-X was sending me a phone case and mounting system to try out on my mountain bike.Brent’s query was a good one. I am not a phone guy. I proudly toted around an iPhone 3 for years until, finally, it couldn’t keep up with the demands of the world wide web and the apps I wanted to use. I upgraded to an iPhone 6 and, applying the same sophisticated mathematical algorithm, might wait for an iPhone 12 before upgrading again.So, for sure, I am no techie phone guy. But, because I want to extend the life of each phone I get, I am most definitely a phone case guy. And, because I spend a lot of time on both my road bike and mountain bike, I am always looking for cases and mounting systems that protect the investment I have in my mobile technology.With Armor-X, I found a great one.Prior to getting their iPhone 6 case and mounting system, my phone could be found in my pocket when I was riding trails. Remaining upright and on the bike generally makes this a nonissue, but my mountain bike history is littered with crashes and spills, and I saw the usage of the Armor-X gear as a serious upgrade to my phone protection strategy.And I was right. All it took was a poorly executed bunny hop to prove it.I was recently riding the new trail system above Flag Rock, near Norton, Virginia, and was heading down a fire road I had cruised many times. Across the fire road lay a fallen tree of about six inches of diameter. I had crossed over this tree more times than I can count. I was feeling pretty froggy, moving down the fire road at a pretty good clip, when I had this thought . . . .I’m going to bunny hop that log.There is no good explanation as to why such silliness entered my head. None at all. I am 45 years old and haven’t really bunny hopped anything since I was a pre-teen. My single track time is generally marked by a relative sense of caution; I don’t mind going fast, but I try to avoid broken bones and what not at all cost.That bunny hop panned out exactly as you can imagine. Poor timing and not enough lift slammed my front wheel square into the log. I was catapulted over my handlebars, able to look up in mid-flight to see one foot still clipped to a pedal and my bike sailing over my head. I landed squarely on my left side, the wind bursting from my lungs, my bike landing a few feet beyond my body akimbo.I was bruised up a bit. Sore, for sure. Two days later, I could barely turn over in bed without gasping, and it was a couple weeks before I felt right again.But my phone? Locked tight to my stem, exactly where it was meant to be, and no worse for the crash.The case from Armor-X is a regular on my phone these days and certainly goes with me whenever I hit the trail on my mountain bike. The case itself is slim enough for everyday use and easy to handle, while the mounting system, as evidenced by my crash, keeps everything locked securely on my bike.I am looking forward to more miles, but fewer spills, with both.last_img read more

Outdoor Updates: Australian firefighters save a grove of prehistoric trees, of which only 200 remain

first_imgTo save the trees, firefighters were lowered down to the grove to build an irrigation system to protect the trees and air tankers dropped fire retardant inside of the grove. Prior to 1994, the trees were thought to be extinct. Today, there are less than 200 remaining. Though some of the trees were charred by the fires, the species has survived.  Researchers concerned over dwindling Loggerhead Shrike numbers Seven hikers are missing after an avalanche along Nepal’s famous Annapurna Circuit, a popular trekking route in Nepal’s Himalayan Mountains. At least four South Koreans and three Nepali guides are missing after the avalanche swept the trail. Thirty others have been rescued. The avalanche hit just before noon local time on Friday at an altitude of 10,597 feet.  Read the full story here:  Read the full story here:  Hikers on Nepal’s Annapurna Circuit missing after avalanche As wildfires rage across the continent of Australia, firefighters have managed to save a prehistoric grove of Wollemi Pine trees, which grow in a secret location within Wollemi National Park northwest of Sydney. The trees are thought to have existed during the Jurassic period, with the oldest fossil of the Wollemi Pine dating back 90 million years.center_img Australian firefighters save a grove of prehistoric trees, of which only 200 remain The loggerhead shrike is a bird that resembles a small version of a mockingbird, but that’s where the similarities end. The loggerhead shrike is a predatory songbird that preys on a variety of small animals and even kills birds heavier than they are. “Many times, you’ll see their larders, which is where they have skewered their prey on a thorn or barbed wire,” says Eric Soehren, biologist and manager of the Alabama State Lands’ Wehle Land Conservation Center. “That’s where the butcher bird name comes from. It’s a songbird, but it’s an efficient killing machine.” This tragedy comes just a few years after the 2014 Nepal snowstorm disaster, when at least 43 people from around the world were killed when severe snowstorms and avalanches struck the Annapurna Circuit, resulting in Nepal’s worst trekking disaster.  The numbers of loggerhead shrike have declined considerably in their range. Numbers in latitudes north of a Missouri-Kentucky-Virginia line have plummeted. Fortunately, in the South, a large population of the bird remains. In order to track and identify why their numbers are falling, biologists are banding as many shrikes as possible and asking the public to report any banded birds they see on  Read the full story here: read more

4 traits that financially secure people all share

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Learn the secrets to achieving financial zenby: Demetrios KalogeropoulosAre you financially secure? And by that I mean:Are you in control of your day-to-day, month-to-month finances?Could you absorb an unexpected financial shock?Are you on track to meet your financial goals?Do you have the freedom to make choices that allow you to enjoy life?These factors come from a report by the Consumer Financial Protection Bureau. The CFPB generated 1,600 pages of transcripts documenting interviews with personal finance whizzes — both professionals and everyday people. It aimed to answer a simple question: What helps a person obtain a high level of financial security? continue reading »last_img read more