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AIG Sells NJ Multifamily for $183M

FLANDERS, NJ—AIG Global Real Estate Investment has sold Oakwood Village, a 1,224-unit apartment community in Flanders, Morris County, NJ, for $183.4 million. It's AIG's second large apartment disposition since December, when it sold a dozen properties totalling 2,811 units.

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New Jersey Headlines

Citigroup CMBS Veteran Joins JLL

EAST RUTHERFORD, NJ—A veteran of nearly two decades in commercial real estate including ten years with Citigroup, Brian Davison, is joining Jones Lang LaSalle in New Jersey as a vice president with its Consulting and Advisory Group.

First New-Build Hotel to Rise in Morris County, NJ

FLORHAM PARK, NJ—The Rockefeller Group and LodgeWorks Partners will develop ARCHER Hotel at The Green at Florham Park, one of the only new-build hotel projects in Morris County, NJ in recent years.

Madison in $71.15M Financing For NJ Office and Industrials

PARSIPPANY AND GARFIELD, NJ—Madison Realty Capital provided first mortgage loans totaling $71.15 million for two commercial properties in Northern New Jersey.

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Citigroup CMBS Veteran Joins JLL

EAST RUTHERFORD, NJ—A veteran of nearly two decades in commercial real estate including ten years with Citigroup, Brian Davison, is joining Jones Lang LaSalle in New Jersey as a vice president with its Consulting and Advisory Group.

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Capital Markets Guru Bullish on Miami

MIAMI—New York may be the place to be for many commercial real estate investors. But it seems just as many are bullish on Miami. From multifamily,…

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How to Use EB-5 Financing Successfully

SAN DIEGO—Investors must ensure the targeted project has some key characteristics including a developer with equity in the project, adequate resources and a strong development track record, CGS3’s Phil Jelsma tells GlobeSt.com part 2 of this EXCLUSIVE two-part story.

Current Issue

Cover Story

The Wheels Keep on Turning

Facing continued slow and steady growth in US GDP, heightened global uncertainty and lower yield expectations, institutions don’t anticipate tapping the brakes on investment any time soon.

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Sectors to Watch

Industrial

Demand Outpaces Big Box Construction

Demand Outpaces Big Box Construction

CHICAGO—Users looking for more than 500,000 square feet of industrial space within the metro area have only five options. And if a user needs more than 750,000 square feet, the Chicago market has only one suitable vacancy.

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