IN THE NEWS
Friday, July 29, 2016

The Record, July 29, 2016 –  D&R Waldwick, LLC, a joint venture between affiliates of Terminal Construction Corporation and Russo Development, has broken ground on Waldwick Station, a mixed use community located in downtown Waldwick. The building will include 110 …

Thursday, July 28, 2016

WALDWICK SUBURBAN NEWS, July 28, 2016 –  D&R Waldwick, LLC, a joint venture between affiliates of Terminal Construction Corporation and Russo Development, has broken ground on Waldwick Station, a mixed-use community located in downtown Waldwick.

Friday, July 22, 2016

RUSSO DEVELOPMENT PR Media Contact: Jenn Olivencia | 201.487.5657 | jolivencia@russodevelopment.com FOR IMMEDIATE RELEASE   New Bergen County Luxury Development Begins Construction Waldwick, NJ (July 21, 2016) – D&R Waldwick, LLC, a joint venture between affiliates of Terminal Construction Corporation and …

Thursday, July 21, 2016

Waldwick Suburban News, July 21, 2016 – Waldwick — The first step in the transformation of the Demartini lumber yard into a sprawling housing complex has begun, with the razing of the yard.

Wednesday, March 23, 2016

Meadowlands USA, March 23, 2016 – Here is a compiled list of some the signature development projects in the Meadowlands. They’re either planned, in-progress or completed from some of our local architect firms.

Thursday, February 18, 2016

Real Estate Weekly, February 18, 2016 – At its Annual Meeting and Real Estate Outlook, NAIOP New Jersey, the commercial real estate development association, elected its 2016 slate of officers and trustees. The event was held at the Short Hills Hilton.

Wednesday, February 10, 2016

Real Estate Weekly, February 10, 2016 – The Adapting to shifting demographics and investing in non-traditional opportunities were some of the key issues addressed by a panel of commercial real estate leaders at NAIOP New Jersey’s Annual Meeting and Commercial Real …

Friday, January 22, 2016

MyVeronaNJ, January 22, 2016 – If you’ve driven Bloomfield Avenue lately, you’ve seen it: Construction fencing has been placed around the former Annin Flag building, which is slated to be turned into a loft-style apartment complex.

Saturday, January 2, 2016

MyCentralJersey.com, January 2, 2016 – Industry leaders look ahead for 2016. Looking back, 2015 was generally a good year for real estate, both residential and commercial. These leaders in New Jersey’s commercial real estate field made brief predictions for the coming year:

Thursday, December 31, 2015

Waldwick Suburban News, December 31, 2015 – The year’s headlines were dominated by memorial efforts and zoning disputes. The top local stories for the year include:  

Tuesday, December 1, 2015

The Star-Ledger, December 1, 2015 –  The building boom that swept the Hudson River waterfront is moving west, with several housing projects built or in the works in the Meadowlands.  Developers there say potential tenants can get convenient access to New …

Wednesday, November 25, 2015

NJ Advance Media for NJ.com, November 25, 2015 – The building boom that swept the Hudson River waterfront is moving west, with several new housing projects or in the works in the Meadowlands, where developers say potential tenants can get …

Thursday, November 19, 2015

The Jersey Journal, November 19, 2015 – After months of negotiation, Kearny has designated 113 Passaic Avenue Urban Renewal, LLC, an affiliate of Russo Development, LLC, as the developer of a 17.4 acre Passaic riverfront tract.

Westfield Leader, November 19, 2015 – Planning board members got a glimpse of a preliminary vision for the largely abandoned Casale/Petro properties on South Avenue, a four-story, 300-plus residential-unit mixed-use development, complete with a parking deck, pool and putting green.

Monday, November 16, 2015

NJBIZ, November 16, 2015 – From Newark to Camden and everywhere in between, New Jersey’s real estate industry is a powerful part of the state’s economy. And in this prominent industry, there are some names that rise to the top when …

Wednesday, November 11, 2015

Hudson Valley Economic Development Corporation, November 11, 2015 – Why are leading edge technology companies locating and growing in the Hudson Valley? It’s because the Hudson Valley offers these companies the rare combination of both ideal location and access to …

Monday, November 2, 2015

Mid Atlantic Real Estate Journal, November 2, 2015 – D&R Verona, LLC, a joint venture between Dinallo Construction Corporation and Russo Development, has acquired the former Annin Flag factory on Bloomfield Ave. in Verona.

Thursday, October 22, 2015

Kearny USA , October 22, 2015 – On Tuesday, October 13, 2015, Mayor Alberto G. Santos and Town Council Members Marytrine De Castro, Albino Cardoso, Jonathan Giordano, Richard Konopka, Eileen Eckel, Carol Jean Doyle and Susan McCurrie attended a ribbon-cutting ceremony …

Tuesday, October 20, 2015

The Observer Online, October 20, 2015 – For Joe Tornielli, it ranks as a great discovery. The manager of a Ramsey-based department store had spent the last eight years in a Wayne apartment and wanted new digs. He’d driven past the Vermella Lyndhurst development and then saw a Google announcement …

Saturday, October 10, 2015

The Jersey Journal, October 10, 2015 – The town now has until Oct. 18 to strike a deal with Russo Construction for a new residential development on Passaic Avenue. At a recent meeting of the Town Council, officials voted to extend …

Friday, October 9, 2015

The Jersey Journal, October 09, 2015 – While the residential portion of Vermella Crossing’s first phase was under construction, Kearny residents raised concerns that the development would bring too many new students into the local public school system.

Tuesday, September 22, 2015

New York citybizlist, September 22, 2015 – North Jersey development team adds to their redevelopment portfolio. D&R Verona, LLC, a joint venture between Dinallo Construction Corporation and Russo Development, has acquired the former Annin Flag factory on Bloomfield Avenue.

CoStar Group, September 22, 2015 – Russo Development LLC and Dinallo Construction Corp. have acquired the former Annin Flag factory building at 163 Bloomfield Ave. in Verona, NJ from Annin Flagmakers. The building has sat vacant since 2013.

Thursday, September 17, 2015

Verona-Cedar Grove Times, September 17, 2015 – After a period of relative inactivity, a new plan is back in motion for the former Annin Flag building site in Verona. The Bloomfield Avenue property is likely to be converted into rental …

BlueGate Partners, September 17, 2015 – Russo Development has engaged BlueGate Partners LLC to secure permanent financing for Vermella Crossing, a newly developed luxury, multifamily community in Kearny, Hudson County, New Jersey (the “Property” or “Community”). The Property is a Class-A …

Thursday, August 27, 2015

South Bergenite, August 27, 2015 – Developers received the go-ahead from the Rutherford Planning Board for construction of 52 housing rental units in a mixed-use building, stretching from Park Avenue to Chestnut Street.

Saturday, August 15, 2015

NJ.com, August 15, 2015 – Russo Development has been named the developer for a Passaic riverfront tract where the firm has proposed building 458 rental units. At a recent meeting of the governing body, elected officials unanimously approved the designation. Under the …

Monday, July 27, 2015

The Jersey Journal, July 27, 2015 – Russo Development has been named the developer for a Passaic riverfront tract where the firm has proposed building 458 rental units. At a recent meeting of the governing body, elected officials unanimously approved the designation.

Thursday, July 2, 2015

The Montville Patch, July 2, 2015 – More than 200 commercial real estate professionals came out in support of the fight for healthy babies and honored Ed Russo, CEO of Russo Development in Carlstadt, NJ, at the recent New Jersey …

Editor, July 2, 2015 – A developer has proposed building 458 units of rental housing on a sprawling tract along the Passaic River. Representatives from Carlstadt-based Russo Development presented their proposal for the Passaic Avenue project at a meeting of the town’s governing body …

Wednesday, July 1, 2015

Real Estate Weekly, July 1, 2015 – Adam America Real Estate is planning to build a new luxury apartment tower in Long Island City, Eastern Consolidated arranged the sale of the development site at 22-12 Jackson Avenue for $43.5 million. Adam America …

Tuesday, June 30, 2015

The Observer, June 30, 2015 – He has built a new apartment complex in Lyndhurst and he’s got others nearing completion in Kearny and Harrison. And he’ll be a partner in a joint venture commercial development in the Meadowlands.  Now Carlstadt developer Ed Russo is pitching an additional residential …

NJBIZ, June 30, 2015 – The firms chosen to redevelop the so-called Kingsland site in the Meadowlands have offered an early glimpse of what their plans could entail for the 718 acres once slated for the failed EnCap project.

Friday, June 19, 2015

NJ.com, June 19, 2015 – “Vermella literally translates into red, Russo Development’s signature color,” said Lisa Kaplan, director of marketing of Russo Development. “Its meaning is much more expansive though. The Vermella brand stands for high-quality construction, attention to detail and …

Thursday, June 18, 2015

The Record, June 18, 2015 – The New Jersey Sports and Exposition Authority on Thursday approved the sale of the Kingsland tract, a 718-acre parcel of remediated landfills in the Meadowlands, to Russo Development of Carlstadt and Forsgate Industrial Partners of …

Friday, June 12, 2015

The Record, June 12, 2015 – The borough’s Zoning Board of Adjustment has approved zoning relief for a 111-unit apartment complex on the site of a former lumber yard just west of the Waldwick train station.

Friday, June 5, 2015

The Jersey Journal, June 5, 2015 – Kearny expects to announce the details soon for a major residential development that has been proposed along the Passaic River. The town is entertaining proposals from two developers to construct waterfront residences on …

Tuesday, June 2, 2015

Rutgers Business School, June 2, 2015 – The Center for Real Estate at Rutgers Business School, a rising academic program positioned to transform and inspire the next generation of real estate leaders, is pleased to announce the roster of “Founding Members” of its professional …

NJBIZ, June 2, 2015 – The 2015 NJBIZ General Counsel of the Year Awards honored the best lawyers serving as general counsels or chief legal officers for companies and organizations around the state. On Tuesday, the winners were named during a …

Monday, June 1, 2015

NJTOD News, June 1, 2015 – Harrison is steadily moving forward with its TOD redevelopment plan by making the most of its location and its transit assets. Formerly known for its heavy industry – and once home to as many as …

Friday, May 8, 2015

New Jersey Realty Advisory Group, May 8, 2015 – Al Chanese, MAI, recently attended the ULI – North Jersey program held at the Bloustein School of Planning and Public Policy on the state of the Multi-Family markets in New Jersey. The …

Friday, April 17, 2015

Mid Atlantic Real Estate Journal, April 17, 2015 – The March of Dimes New Jersey Chapter will honor Edward Russo, chief executive officer of Russo Development, at the organization’s 2015 Real Estate Award Reception and Pynes Putting Challenge. This year’s …

Monday, April 13, 2015

The Jersey Journal, April 13, 2015 – In Harrison, construction of Vermella Harrison is nearly complete, with the first 100 apartments slated for occupancy by the end of the summer, according to Lisa Kaplan, director of marketing for Carlstadt-based Russo Development. …

Wednesday, April 1, 2015

The Real Deal, April 1, 2015 – Brokers selling multimillion-dollar penthouses and Midtown Manhattan buildings aren’t the only game in town — or in the outskirts of town. The New Jersey suburbs are gaining ground.

Monday, March 30, 2015

NJBIZ, March 30, 2015 – Russo Development’s Richard Berger was nominated for General Counsel of the Year for a Private Company with revenues up to $500 MM.  The 2015 General Counsel of the Year Awards program honors New Jersey’s General …

Friday, March 13, 2015

New Jersey Business, March 13, 2015 – As NAI James E. Hanson’s leasing and investment sales businesses continue to thrive, the New Jersey-based commercial real estate firm announces the promotion of four of its executives. All four brokers – Barry …

Thursday, March 5, 2015

Waldwick Suburban News, March 5, 2015 – Plan adjustments occupied most of a two-hour Zoning Board of Adjustment hearing on Wednesday, Feb. 25, on what now would be a 111-unit, four-story apartment complex at 41 W. Prospect St.

Thursday, February 19, 2015

Real Estate Weekly, February 19, 2015 – A recent report from Colliers International projects a bright 2015 for the Northern and Central New Jersey industrial markets after a robust fourth quarter of 2014. The report labeled the year’s finale as …

Wednesday, February 18, 2015

The Jersey Journal, February 18, 2015 – As part of a 30-year tax abatement, the town stands to receive $170,000 per year from a payment in lieu of taxes that has been offered to the developer of a proposed Bergen …

Tuesday, February 10, 2015

The Observer, February 10, 2015 – It may require an extended backstop at Harvey Field to prevent foul balls from whacking cars and/or people and perhaps a buffer of some kind for a residential dog run. But, in any event, Carlstadt developer Ed Russo will be …

Thursday, February 5, 2015

The Jersey Journal, February 5, 2015 – The town has selected Russo Development as the designated developer for three Bergen Avenue tracts near Vermella Crossing, a residential project under construction by the firm. The three parcels, all of which are …

Wednesday, January 7, 2015

Law 360, January 7, 2015 – A New Jersey state judge has ruled that Kean University has no formal claim to a chunk of a 44-acre property in Union Township that once was a Merck & Co. Inc. plant, saying …

Monday, December 15, 2014

New Jersey Business, December 15, 2014 – Following an industrial offering termed “aggressively contested,” Cushman & Wakefield has completed the sale of Russo Development’s 135,115-square-foot 680 Belleville Turnpike in Kearny. The property is 100 percent net leased to Pepsi, which …

Tuesday, September 23, 2014

New York Yimby, September 23, 2014 – On Friday, YIMBY contributor John Petro brought us the news that while building permits are way up in New York City over the past year, the four most urban counties in North Jersey …

Tuesday, September 2, 2014

The Observer, September 2, 2014 – Two West Hudson communities will see their populations grow a bit thanks to a pair of residential developments being undertaken by an area builder. Russo Development of Carlstadt, which opened Vermella Lyndhurst, a 296- unit, four-building apartment complex with a clubhouse, in March …

Monday, August 18, 2014

Globe Street, August 18, 2014 – Vermella Lyndhurst, a 296-apartment community that opened in March 2013, is now complete with four residential buildings and an 8,000 square foot clubhouse, and is more than 93% leased.

Friday, August 8, 2014

NJBIZ, August 8, 2014 – Russo Development announced Thursday that two of its long-standing commercial tenants have renewed their leases in Carlstadt.

Tuesday, July 8, 2014

Globe Street, July 8, 2014 – Russo Development of Carlstadt, NJ has secured $51.5 million in financing for its recently completed 296-unit Vermella at Lyndhurst multifamily development here.  The transaction was reported by HFF, which arranged the fixed-rate loan through …

Wednesday, May 21, 2014

Caryl Communications, May 21, 2014 – New Jersey commercial real estate’s top leaders and top deals of the past year were once again saluted by NAIOP New Jersey at the commercial real estate development association’s 27th Annual Awards Gala at …

Wednesday, May 7, 2014

New Jersey Business, May 7, 2014 -Although New Jersey’s industrial sector began 2014 at a tepid pace relative to the flurry of activity witnessed over the prior three quarters, year-over-year metrics dictate that the market was considerably stronger than it …

Friday, April 25, 2014

The Jersey Journal, April 25, 2014 – Redevelopment projects are humming along in West Hudson, which has seen an upswing in the number of residential and commercial developments underway as the region’s economy has improved.  While many development projects had …

Thursday, February 13, 2014

NJBIZ, February 13, 2014 – Efforts to redevelop Harrison’s blighted industrial waterfront go back some 15 years, and local officials and more than a half-dozen builders have grappled with a recession, environmental challenges and other stumbling blocks along the way.   …

Wednesday, February 12, 2014

NJBIZ, February 12, 2014 – The founder of one of New Jersey’s oldest development firms will be among those honored this spring at NAIOP New Jersey’s annual awards gala.   The commercial real estate development association said Tuesday that Lawrence Russo …

Sunday, February 2, 2014

The Record, February 2, 2014 -New Jersey’s got a new pattern of home construction, and it’s much denser and more urban. In a state long dominated by single-family development, multifamily construction — especially rentals — last year accounted for 57 …

Monday, January 20, 2014

NJBIZ, January 20, 2014 – A knack for commercial buildings and data centers carried Russo Development through its first four decades in business.   As it approached its fifth decade, the Carlstadt-based company turned to multifamily — acquiring a 9-acre industrial …

Tuesday, January 7, 2014

Building Design + Construction, January 7, 2014 – Slowed by the recession—and often by protracted negotiations—some big redevelopment plans are now moving ahead. Here’s a sampling of nine major mixed-use projects throughout the country.

Wednesday, December 18, 2013

The Observer, December 18, 2013 – Kearny took steps this month to award its first-ever tax abatement for a non-senior residential development when the governing body voted to introduce an ordinance for a 30-year PILOT (payment in lieu of taxation) …

Friday, December 13, 2013

The Jersey Journal, December 13, 2013 – The developer of a new 150-unit residential complex slated to rise at the intersection of Bergen and Schuyler avenues is poised to receive a 30-year tax abatement from the town.

Tuesday, November 19, 2013

NJBIZ, November 19, 2013 – Sometimes it’s best to let someone’s peers do the talking: “He’s not the flashiest guy out there, but he’s doing a lot of quality development and is well-recognized by peers. He is one of the …

Friday, November 8, 2013

The Jersey Journal, November 8, 2013 – Kearny is considering a developer’s request for a tax abatement on a 150-unit apartment complex planned for Schuyler Avenue.  The developer, Carlstadt-based Russo Development, has been negotiating with the town for several months, …

Friday, September 20, 2013

Data Center Knowledge, September 20, 2013 – Sentinel Data Centers has completed construction and commissioning of the initial 50,000 square foot, 8 megawatt initial phase of its NC-1 Data Center in Durham, North Carolina. This is the sixth facility Sentinel …

Wednesday, September 11, 2013

The Record, September 11, 2013 – Real estate officials say  final passage of legislation to revamp business incentives will spur development in the state.

Tuesday, September 10, 2013

The Record, September 10, 2013 – The Bergen County Improvement Authority is seeking state approval to float as much as $800 million in bonds on behalf of Triple Five, the private developer behind the American Dream project in the Meadowlands.

Thursday, August 29, 2013

The News Funnel, August 29, 2013 – After receiving hundreds of votes, we are ready to announce the winners of this week’s Real Estate Rockstars poll, Top Industrial Developers in New Jersey. Big time congrats to the winners!

Monday, August 26, 2013

The Record, August 26, 2013 – Home-building activity in New Jersey has risen 32 percent so far this year, propelled by construction of rental apartments — another sign that the housing market is healing.

Thursday, August 8, 2013

South Bergenite, August 8, 2013 – It was an afternoon filled with music, gourmet cuisine, poolside lounging and red carpet photo shoots fit for a celebrity. However, the stars of the show were the first-rate amenities that Vermella Lyndhurst on …

Wednesday, August 7, 2013

Datacenter Dynamics, August 7, 2013 – Bloomberg has received a promise of low-cost power from the New York Power Authority if it goes ahead with its planned Orangetown data center in New York.

Tuesday, August 6, 2013

Pearl River Patch, August 6, 2013 – Tishman Construction, who is currently managing construction at One World Trade Center and the new U.S Department of Homeland Security headquarters, will oversee the build of Bloomberg’s 131,806 sq. ft. Orangeburg Data Center …

Thursday, August 1, 2013

Real Estate Weekly, August 1, 2013 – As well as great music, food and a red-carpet photo shoot, residents and guests enjoyed a free yoga class in the clubhouse studio, billiard games, dips in the pool, and tips from the …

City Biz List, August 1, 2013 – It was an afternoon filled with music, gourmet cuisine, poolside lounging and red-carpet photo shoots fit for a celebrity.  The stars of the show were the first-rate amenities that Vermella Lyndhurst offers every day, …

Wednesday, July 31, 2013

Wall Street Journal, July 31, 2013 – AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private clients in more than 140 countries around the world, announced today that its Tishman …

Sunday, July 14, 2013

The Record, July 14 – Nicki Commer likes pretty much everything about the two-bedroom condo she’s been renting in Mahwah. But the rent — $2,100 a month for the condo, plus garage and storage space — turned out to be …

Sunday, July 7, 2013

The Record, July 7 – As it continues its climb out of the deepest slump in decades, the U.S. housing market will bolster growth in the rest of the economy, Harvard University’s Joint Center for Housing Studies said in its …

Thursday, June 27, 2013

Rockland County Times, June 27, 2013 – Putting the last beam on the new 130,000 square foot datacenter Bloomberg LP is building in the town of Orangeburg is “the beginning of what we predict will be a boom in high-tech …

Wednesday, June 26, 2013

The Observer, June 26, 2013 – They won’t be singing “Home on the Range” in Kearny after all.