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Gebroe-Hammer Sees ‘Spring Fever’ Hitting Multifamily Investing

LIVINGSTON, NJ—Spring fever – often associated with the month of May – seems to be hitting the multifamily market, according to Gebroe-Hammer Associates, which says it closed six separate sales in four days.

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JLL’s NJ Office Earns Two NAIOP NJ Awards, For Healthcare and Industrial Projects

EAST RUTHERFORD, NJ—The New Jersey chapter of NAIOP recognized Jones Lang LaSalle’s New Jersey office with awards two deals, one in health sciences and one industrial, that the firm handled.

News

Commercial Realty Group Acquires Mt. Olive Industrial Building for $27M

MOUNT OLIVE, NJ—Commercial Realty Group paid $27.125 million to acquire 350 Clark Drive, a 446,076-square-foot industrial and office building in the Morris County community of Mount Olive, New Jersey from North Jersey Development Group.

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Denholtz Associates Revives Long-Abandoned Franklin, NJ Industrial Property

Franklin, NJ—Denholtz Associates has acquired and will take over environmental remediation of 655 Howard Avenue in Franklin, NJ, the 74,325 -square-foot former manufacturing home of Acme Tube.

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Oxford Blends Culturally with Cushman and Wakefield

AUSTIN, TX—Cushman & Wakefield and Oxford Commercial have cemented a long-term partnership, capped off with the announcement of a formal acquisition.

La Frontera Mixed-Use Project Records Rapid Absorption

ROUND ROCK, TX—Remaining land parcels are clipping along at a rapid pace within the 328-acre La Frontera mixed-use project.

Research

Austin Gets Buy Sign for Retail Assets

AUSTIN, TX—The city ranks in the top five with projections showing retail rents rising at an annual rate of 4.3% for the next three years and vacancies declining, making it enticing for retail investors.

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