C&W ranked No. 1 with $25m transactions.Cushman & Wakefield's metropolitan area capital markets group ranked first in Northern New Jersey office sales for 2004 based on dispositions valued at $25 million or greater, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent report issued by Real Estate Alert, an industry journal that tracks news, analysis and transactional data for the real estate industry. The team's volume of transactions totaled approximately $631 million. This represented 47.4% of office investment sales closed last year in the Northern New Jersey market. The nearest competitor was involved in 17.4% of the regional activity. According to Andrew Merin, executive vice president of the metropolitan area CMG CMG Coastal & Marine Geology (USGS) CMG Chipotle Mexican Grill, Inc. (stock symbol) CMG Companion (of the Order Of) St Michael and St George CMG Computer Measurement Group , strong client relationships have been key in his team's achievements. "Success breeds success, and many--if not most--of our clients who engage us in property dispositions return to us when they want to sell and vice-versa," he said. "They recognize the strength of our team and the extraordinary additional resources provided by Cushman & Wakefield's New Jersey research department and its talented appraisal and office leasing professionals. While we are pleased with our achievements in terms of volume, our track record of repeat business is ever more gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. because it reflects our clients' satisfaction." The metropolitan area CMG is the largest group of its kind in the New Jersey market, with 10 full-time professionals specializing exclusively in real estate investment sales, joint ventures and financing. Its clients include owners, developers, corporations, financial institutions, pension funds and real estate advisors. Merin anticipates that the group will continue to dominate the New Jersey office investment sales market in 2005, based on the team's first quarter activity. By mid-March, the group closed approximately $350 million worth of transactions in Northern and Central New Jersey office sales. Recent highlights include the $145 million sale of three northern New Jersey office properties on behalf of a partnership between Investcorp and Crow Holdings Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Partners and Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. Equities. INVESCO and Onyx onyx (ŏn`ĭks), variety of cryptocrystalline quartz, differing from agate only in that the bands of which it is composed are parallel and regular. Capital were the purchasing entities in the transaction. The metropolitan area CMG also orchestrated or·ches·trate tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates 1. To compose or arrange (music) for performance by an orchestra. 2. the $53 million sale of 180 Park Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., Building 105, in Florham Park; the $16.1 million sale of 30-40 Route 22 in Branchburg and the $25 million sale of Raritan Plaza III in Edison. |
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