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Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
MONTVILLE, NJ—The two buildings at 340 Changebridge Rd. formerly served as a corporate campus for Bayer Healthcare, which consolidated its New Jersey offices in 2013.
PARAMUS, NJ—The 20-year lease at Mack-Cali Realty's Mack-Cali Centre VI here follows the water management solutions provider's receipt of tax credits to remain in the state.
NEW YORK CITY—The firm is buying Service King Collision Repair Centers, with locations across 20 states, from another private equity giant, the Carlyle Group.
DALLAS–HFF has arranged construction financing through New York Life on Crescent's McKinney & Olive, a 530,000-square-foot tower scheduled for completion in 2016.
CEDAR HILL, TX—Developed by the MG Herring Group beginning in 2006, Uptown Village at Cedar Hill runs to 610,000 square feet, including 35,000 square feet of office.
AUSTIN, TX—The redevelopment of the Oak Creek Village affordable multifamily project will go forward with financing arranged by PNC Bank, highlighting this round-up of Southwestern deals.
DALLAS—Already in April, effective rent growth had positioned 2014 as the strongest year of the recovery, and apartments' performance since then has widened the gap, says Axiometrics' Jay Denton.