Posted on 1/6/21
Capital Markets Group from Lee & Associates of Eastern Pennsylvania Brokers $110.5M Sale of 116.8-Acre Site in Burlington, NJ
Premier Last Mile, Infill Location & Redevelopment Potential Attracted Widespread Market Interest The Capital Markets Group, headed by Bob Yoshimura and Joe Hill, from Lee & . . .
Posted on 1/6/21
JLL Completes Leases With Western Union And Orion Innovation at 300 Tice Boulevard, Woodcliff Lake, New Jersey
JLL, representing Hudson Equities, has completed two transactions at 300 Tice Boulevard in Woodcliff Lake, New Jersey. Western Union, a global leader in consumer-to-consumer financial transfer services, . . .
Posted on 1/6/21
Newmark’s Philadelphia, Southern New Jersey and Wilmington, DE Office Market Reports
Philadelphia Office MarketAverage Asking Rent (Price/SF)$30.36Vacancy Rate (%)15.1%Net Absorption (SF)-685,514As the saying goes, “it’s always darkest before dawn.” In the final quarter of 2020, office occupiers . . .
Posted on 1/6/21
Partnership Arranged for Industrial Development Near Philadelphia
JLL Capital Markets arranged the partnership between J.G. Petrucci Company and Cabot Properties for a spec industrial building in Bucks CountyJLL Capital Markets announced today that . . .
Posted on 1/6/21
CBRE Expands its Advisory & Transaction Services Business, Hires Kieara L. Hill
CBRE today announced that Kieara Hill has joined the firm as an Associate based in its downtown Philadelphia office.Ms. Hill will partner with First Vice President . . .
Posted on 1/6/21
Mack-Cali Announces Sale of Riverwatch Commons and Crystal House Apartments
Mack-Cali Realty Corporation (NYSE: CLI) today announces a trio of transactions across its residential portfolio, including the sale of its interests in Riverwatch Commons in New . . .
Posted on 1/6/21
Real Hospitality Group Assumes Management of First All-Suite Hotel in Rehoboth Beach, Delaware
Real Hospitality Group (RHG) has assumed management of the newly built Residence Inn Rehoboth Beach. Owned by Milton, Delaware-based Hudson Management, the recently opened property is . . .
Posted on 1/6/21
Seagis Property Group Acquires 85,000 SF Warehouse in Miramar, FL
Seagis Property Group announced today that it has acquired an 85,000 square foot warehouse in Miramar FL (Broward County). Located at 3501 Commerce Parkway in the . . .
Posted on 1/5/21
Marcus & Millichap Arranges The Sale Of A 34,905-SF Mixed-Use Building
Marcus & Millichap (NYSE: MMI), announced today the sale of Miner's Plaza, a 34,905-square foot mixed-use property located in Pottsville, PA, according to Sean Beuche, Regional . . .
Posted on 1/5/21
Colliers Concludes Substantial Lancaster Avenue Retail Sale in Wayne
Larry Steinberg, leader of Colliers’ Urban Retail and Main Line team has successfully sold 132 E. Lancaster Avenue, a substantial and historic commercial property at the . . .
Posted on 1/5/21
133-Unit Apartment Portfolio Sells for $17M in Paterson & Passaic, NJ
Properties Primed for Value-Add Repositioning Associated with Area’s Renaissance Gebroe-Hammer Associates has announced the $17M sale of a nine-property, 133-unit collection of early-20th-Century apartment buildings strategically . . .
Posted on 1/5/21
CBRE Appointed Exclusive Leasing Agent For 1776 On The Green Office Building In Morristown, NJ
Following its recently completed renovation of 1776 On The Green in Morristown, New Jersey, Vision Real Estate Partners has tapped CBRE to serve as the exclusive . . .
Posted on 1/5/21
Gaming and Leisure Properties Promotes Matthew Demchyk to Chief Investment Officer
WYOMISSING, Pa., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that Matthew Demchyk has been named Chief Investment Officer. . . .
Posted on 1/5/21
Moody’s Acquires Catylist
NEW YORK--(BUSINESS WIRE)-- Moody’s Corporation (NYSE:MCO) announced today that it has acquired Catylist, Inc., a provider of commercial real estate (CRE) solutions for brokers. The acquisition . . .
Posted on 1/5/21
Epic Games Acquires Cary Towne Center from Turnbridge Equities
Turnbridge acquired the distressed mall in 2019 and the space will serve as Epic’s headquarters with plans to open new campus in 2024Turnbridge Equities is pleased . . .
Posted on 1/4/21
Savills Releases Philadelphia Q4 2020 Office Market Report
Q4 market highlights: Rent growth slowed. The region’s overall asking rent held flat quarter over quarter at $28.77 per square foot. In Philly’s CBD, the overall . . .
Posted on 1/4/21
Medical Optometry America’s First Practice Location Opens in Shrewsbury, PA
Medical Optometry America (MOA) announced today their first practice location is now officially open and accepting new patients. The practice is located at 781 Far Hills . . .
Posted on 1/4/21
DXA Studio Garners Honorable Mention In Architect’s Newspaper Awards
DXA studio, a New York based architecture and design firm known for a diverse range of projects primarily in Manhattan and Brooklyn, has announced that their . . .
Posted on 1/4/21
Hersha Hospitality Trust Sells Courtyard San Diego For $64.5M
Hersha Hospitality Trust (NYSE: HT), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced it entered into a binding sales agreement
Posted on 1/4/21
Urban Edge Properties Acquires Sunrise Mall In Massapequa, NY
Urban Edge Properties (NYSE:UE) today announced that it has acquired Sunrise Mall in Massapequa, NY from Unibail-Rodamco-Westfield for $29.7 million plus up to $6 million of . . .
Posted on 1/3/21
Terreno Realty Corp. Announces Lease Renewal in South Brunswick, NJ
SAN FRANCISCO--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has . . .
Posted on 1/3/21
STAG Industrial Closes Sale Of One Million Square Foot Facility Located In Burlington, New Jersey
STAG Industrial, Inc. (NYSE:STAG) today announced it has successfully closed the sale of its one million square foot building located in Burlington, New Jersey that was until . . .
Posted on 1/3/21
MRA Group To Acquire DuPont's 800K SF Chestnut Run Laboratory Campus in Wilmington Delaware
MRA Group, a privately-held, regional real estate solutions firm based in Pennsylvania, today announced it has signed a letter of intent with DuPont to acquire the . . .
Posted on 1/2/21
Kevin Bledsoe Joins Marcus & Millichap as First VP Investments
Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that Kevin Bledsoe . . .
Posted on 12/29/20
CBRE Arranges Sale Of Seven-Building Industrial Portfolio In Runnemede, NJ For $29M
CBRE announced today the $29.37 million sale of Runnemede Corporate Center—a seven-building, 304,077 sq. ft. light industrial portfolio serving the greater Philadelphia last-mile and regional distribution . . .
Philadelphia
