PHILADELPHIA, PA—Shorenstein Properties has completed the initial phase of a renovation of 1818 Beneficial Bank Place, the class A Market Street West office tower it acquired earlier this year.

SADDLE BROOK, NJ—New Jersey's “lifestyle” markets, so-called because they offer housing and amenities within walking distance to places of work, continued determining the hot spots for class A office space in the second quarter, says Edward DaCosta, CBRE's EVP, in the firm's latest Office MarketView report.

The transformation of retail supply chains, especially as they accommodate the rise of e-commerce, is igniting industrial as one of the hottest property types in New Jersey

EATONTOWN, NJ—New York-based Kushner Companies has acquired from Vornado Realty Trust the percent interest it didn't own in the 1.5 million square-foot Monmouth Mall in Eatontown, NJ. Kushner is now sole owner of one of the state's largest shopping destinations.

SOMERSET, NJ—Reflecting the shrinking pool of available industrial property in north and central New Jersey, Princeton-based Cabot Properties has fully leased two single tenant warehouses it owns in Somerset, NJ.

ALLENTOWN, PA— Liberty Nursing & Rehabilitation Center, Allentown, PA, has been sold to a Wilmington, DE area investor, for $4.65 million.

EAST RUTHERFORD, NJ—Jones Lang LaSalle says industrial vacancy rates in New Jersey declined to 7.2 percent in the second quarter, mainly because of substantial leasing activity.

PHILADELPHIA, PA—In a hot Philadelphia Market, Gebroe-Hammer has arranged sales of more than 1,070 multifamily units in the past six months, for sales totaling more than $97.63 million.