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PHILADELPHIA—Investment demand and pricing for retail properties in Philadelphia have skyrocketed, and rents have reached their highest levels ever along Walnut Street, according to new research by CBRE, whose research director Ian Anderson says is shedding light on an 'opaque' property type with the study.
BRIDGEWATER, NJ— Nestlé Health Science is investing $70 million to create a Nestlé Product Technology Center in Bridgewater, NJ, where Advance Realty and CrossHarbor Capital Partners have signed the food company to a long-term lease at the former Sanofi Aventis campus.
ELIZABETH, NJ—Holliday Fenoglio Fowler arranged $23.8 million in construction financing for a 138,642-square-foot, state-of-the-art freezer warehouse in Elizabeth, NJ, that rolls directly into permanent financing to avoid interest rate risk.
PHILADELPHIA, PA—Chicago-based Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities, arranged a sale-leaseback with Markel Corporation of Markel's 168,000 square foot facility located at 435 School Lane in Plymouth Township, PA.
PARAMUS, NJ—Retail vacancy rates in New Jersey were stable at just over six percent for the first half of 2015 vs. the end of 2014, according to Chuck Lanyard, president of The Goldstein Group, which conducts the survey of 22 retail corridors in Northern and Central New Jersey.
WALL TOWNSHIP, NJ—Sitar Realty Company - TCN Worldwide has brokered the $5.3 million sale of a 26 acre industrial property that formerly housed Point Pleasant Beer Distributors. That works out to about $56 per square foot.
PHILADELPHIA, PA — Marcus & Millichap named John Wilson a senior associate and director of the firm's National Retail Group in the Philadelphia office, according to Brenton Baskin, regional manager of the office. Pennsylvania-native Wilson has worked in the commercial real estate industry since 2001.
WOODBRIDGE, NJ — Onyx Equities' strong growth continued during the first half of 2015 as the company says that it closed 73 leases during the first two quarters for nearly 500,000 square feet. This represents about a 25 percent increase in absorption over last year's first-half leasing total of 400,000 square feet.
CRANFORD AND METUCHEN, NJ—Woodmont Properties has hit on a successful formula for its transit-oriented developments. Its Woodmont Station in Cranford, opened earlier this year, has completely leased out, just as the firm has just broken ground for a similar community, Woodmont Metro at Metuchen Station.
BETHLEHEM, PA—J.G. Petrucci Company has signed a long-term lease with J.B. Hunt Transportation Services for about 25,000 square feet on 10 acres at 1235 Easton Road in the Lehigh Valley Industrial Park VII in Bethlehem, PA.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource