PHILADELPHIA, PA—Marcus & Millichap sold three retail properties—a restaurant, a day care center, and a pharmacy— in the Philadelphia/South Jersey/Lehigh Valley markets in a single day.

IRVINGTON, MONTCLAIR, AND EAST ORANGE, NJ—The fervor for multifamily property investments near major transportation arteries throughout Essex County is escalating as buyers expect interest rates to rise, say the multifamily experts at Gebroe-Hammer Associates. The firm just wrapped up four multifamily deals in three North Jersey cities.

PARSIPPANY, NJ—Buoyed by a strengthening economy, the Northern and Central New Jersey industrial market fundamentals continue to be strong, says David Simon, executive managing director of Colliers International. Leasing activity continues to be robust, with the 10.9 million square feet leased in the second quarter up 67.5 percent vs. the prior year's quarter.

RADNOR, PA—The Carson Companies, a leading industrial real estate investment and development firm based in Newport Beach, CA, has established an East Coast office in Radnor, PA, and retained Chris Hermance as managing director to lead its regional expansion.

One industrial property is being repurposed for a religious community center and Hindu temple, and another will produce Russian pancakes called blinis for a popular restaurant chain. Multifamily properties are also changing hands. Learn more in this week's deal-tracker roundup.

DTZ recently completed three sales, two industrials in NJ and PA and a NJ land deal, with a total aggregate value of more than $35 million.

ISELIN, NJ—Global technology, energy and automation company Siemens Corporation sees huge value in treating its sprawling worldwide commercial real estate operations as a profit center, not a cost center, says Michael Kruklinski, head of the firm's real estate operations for the Americas.

WAYNE, PA—A fund managed by Equus Capital Partners has acquired Bay Colony Executive Park, a 247,294 square-foot four-building office park in Wayne, PA, from Brandywine Realty Trust. Terms were not disclosed.