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Deutsche Bank Affiliate Acquires Mercer County Industrial Used by Colgate-Palmolive

HAMILTON TOWNSHIP, NJ—The property’s long-term prospects are positively affected by its proximity to Amazon’s new 1.5-million-square-foot distribution center, as well as the site of a 350,000-square-foot, state-of-the-art FedEx distribution center that is currently under development.

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New Jersey Headlines

Hampshire Sells Hackensack Industrial/Office Complex

HACKENSACK, NJ—The property at 86-110 Orchard Street includes 110,000 square feet of warehouse space and 15,000 square feet of office space located on the second floor.

Pennwood Real Estate Acquires Linden Industrial for $9.1 Million

LINDEN, NJ—Jordan Metz, VP at Bussel Realty Corp., brokered the sale. This is the fifth industrial investment asset Metz has sold over the past 12 months, totaling more than $40 million in aggregate sales/lease volume.

FMP Haddon Acquires Westmont, NJ Office Building

WESTMONT, NJ—TD Bank and the law firm of Brown & Connery are key tenants in the building.

Spotlight On

The Groundwork Is Already Laid for the Next Apartment Cycle

WASHINGTON, DC—Spreads are widening and lenders’ appetite for construction finance loans is falling among banks, says CBRE director of research and analysis Revathi Greenwood.

Low End Units See Faster Rent Growth

SEATTLE—Eleven of the 15 multifamily markets analyzed by Zillow experienced double-digit rent appreciation among low-end apartments, although most new supply is higher end.

Lauren Hodge Joins Commercial Litigation Section

HOUSTON—Hodge has negotiated operating agreements and prepared various industry-related agreements, including oil and gas leases, and operating agreements and assignments.

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CRE's Best Bosses

True leaders manifest themselves not only through performance but also—and arguably more importantly—by the way their employees feel about them. Meet this year’s best bosses in the business.

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