In Return to NJ, Solomon Buys Freehold M-F
FREEHOLD, NJ-The Solomon Organization, which owns and manages 10,000 rental units in what it calls the “affordable luxury” niche, has returned to the New Jersey market for the first time in nearly a decade, acquiring a garden apartment complex in Freehold built in the 1980s from the original developer. Chesterfield Gardens, a 172-unit community at 210 Harding Road, was not offered on the open market. Solomon seized on it before that could happen.
SANTA ANA, CA—MyPark allows users to reserve parking spaces up to six months in advance of using them and uses barrier technology to keep the space, while partnering with other parking apps, Luis Mayendia tells GlobeSt.com.
LOS ANGELES—“We realized that the retailer so often has to do more with less,” says CBRE’s Todd Caruso about the Retailing University course that the University of Arizona designed for the firm.
SAN DIEGO—In an office environment where new spec buildings seem to be popping up regularly, there’s still plenty that landlords of existing space can do to entice tenants to choose them instead, Bingham Construction’s Jeff Bingham tells GlobeSt.com.
RICHARDSON, TX—"Price optimization creates real opportunity to increase asset values and yields from the nearly $3 trillion of apartment stock in the US," says RealPage chairman and CEO Steve Winn.