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MELVILLE, NY—A strong economy that included a host of business expansions has led to high office rental rates and declining office vacancies on Long Island in the second quarter, according to brokerage firm JLL.
RALEIGH, NC—McCann Realty Partners, LLC of Richmond, VA and equity partner DRA Advisors of New York City have acquired The Crest at Brier Creek Apartments complex here for a reported price of $37.5 million.
MIAMI—Locally-based The Related Group topped off two of its major projects recently—Iconbay in Biscayne Bay and the Baltus House in the city's Design District.
SALEM, NJ—Ardagh Glass says it will close its manufacturing plant here in the fall. The closure will mean the loss of 290 jobs and the end of glassmaking in
MONTVILLE, NJ—An affiliate of New York City-based Cammeby's International has acquired the 764-unit Rachel Gardens apartment complex here for $136 million. The property was in the center of a 21-year high-profile lawsuit involving New Jersey developer Zygmunt Wilf.
WASHINGTON, DC—A prospectus expected to come before Congress shortly would have the State Department bring approximately 2,000 of its workers to one building in Arlington County.
PLANTATION, FL—Fresh off the recent sale of another building inside the Plantation Technology Park comes word that another property is on the market for sale.
LIVINGSTON, NJ—Gebroe-Hammer Associates reports it has arranged three separate multifamily transactions involving properties in Newark, Irvington and Carteret.