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MIDLAND PARK, NJ—Connecticut-based Urstadt Biddle Properties Inc. has acquired four shopping centers totaling approximately 375,000 square feet in the affluent New Jersey counties of Bergen, Passaic and Morris. The seller of all four properties is a prominent New Jersey commercial real estate owner and developer.
BOOTHWYN, PA— Neltson Edison LP has acquired 5 Chelsea Parkway, a 53,733 square foot property on 10.5 acres in Boothwyn, PA. KarMar Realty Group, Inc. represented the buyer. Jim McCahon of Jones Lang LaSalle represented the seller, PX Properties LC.
Property sales in Passaic, NJ and Chadds Ford, PA, leases signed in Avenel and Teaneck, NJ, and Mack-Cali rewards shareholders with a dividend, all in this week's deal-tracker roundup.
LANCASTER, PA—Eatontown, NJ-based Wharton Realty Group has acquired Manor Shopping Center, 1204 Millersville Pike, Lancaster, PA, from The Real Estate Equity Company (“TREECO”), Englewood, NJ, for $34.99 million. Brad Nathanson, executive vice president with CBRE's Capital Markets Retail team, led the transaction for TREECO.
LITTLE FALLS, NJ— The American Society of Mechanical Engineers has signed a long-term, 32,500-square-foot lease at Overlook Corporate Center, a class-A office building at 150 Clove Road in Little Falls, NJ. Colliers International arranged the lease for ASME.
MADISON, NJ–Realogy Holdings Corp. appointed former SuperValu CFO Sherry M. Smith to its Board of Directors and named her a member of its Audit Committee.
JERSEY CITY, NJ—Onyx Equities, LLC and Rubenstein Partners, L.P. have unveiled specifics of a $20 million redevelopment project at 30 Montgomery Street in Jersey City, NJ, a 15-story, 320,000-square-foot office building they purchased earlier this year.
NEWARK, NJ—Rugby Realty Co., Inc. has acquired Three Gateway Center in Newark, NJ, from Tahl Propp Equities. Financial terms were not disclosed.
MIDDLETOWN, PA—Woodmont Industrial Partners has secured $32.9 million in financing for the modernization of Capital Logistics Center, a six-building, 1.55-million-square-foot industrial complex situated on more than 100 acres in Middletown, PA.
PHILADELPHIA, PA—The Philadelphia Urban League is to receive a five-year, $1 million community investment commitment from the national Urban League organization. The funds will support job-training for youth and mature workers, college preparation, a jobs network, entrepreneurship support, small business financing and resources, and tax credits, among others.
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.
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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.
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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.
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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