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PHILADELPHIA, PA—Businesses looking for office space in the nation's hottest tech markets should expect to pay a premium – and a hefty one in many of the top tech cities, according to a new CBRE research report. Among them is Philadelphia's University City, which at 45 percent had the fourth-highest rent premiums in North America
PARSIPPANY, NJ—Cesare Berardi, whose four decades of industry experience spans work at the Port Authority and Verizon, is becoming director of project management in Colliers International's New Jersey operations.
FORKS TOWNSHIP, PA—The Lehigh Valley is getting another industrial development, as Dermody Properties and PCCP announced plans for a new industrial facility in Forks Township, PA.
MORRISTOWN, NJ – New Jersey State Sen. Robert Gordon, a Democrat who represents the 38th Legislative District in Bergen and Passaic Counties, has joined Avison Young, where he will help the firm expand its healthcare real estate practice.
KING OF PRUSSIA, PA—Luxury home furnishings retailer Mitchell Gold + Bob Williams will lease 15,229 square feet at the King of Prussia Mall in King of Prussia, PA, the retailer's largest store to date and its first lease with mall owner Simon Property Group.
FRANKLIN LAKES, NJ—Express Scripts and the Borough of Franklin Lakes have reached an agreement to keep Express Scripts at its 198-acre campus. The company will donate park land to the Borough in return for tax concessions.
NEWARK, NJ—The International Organization of Masters, Mates and Pilots has leased 4,000 square feet of office space at The Berger Organization's 570 Broad, a 200,000-square-foot, 15-story office building at 570 Broad Street.
CLIFTON, NJ—Tulfra Real Estate has topped out 65 Industrial Street South in Clifton, NJ, raising the roof to a 27-foot clear height as part of as a $10 million upgrade of the headquarters-quality industrial building.
MONTVILLE, NJ—Vision Real Estate Partners has launched the mixed-use repositioning of Montville Corporate Campus, which it acquired last summer from Bayer Pharmaceuticals.