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HARRISBURG, PA—Brooklyn, NY-based TL Management has acquired 404-bed Spring Creek Rehabilitation and Health Care Center in Harrisburg, PA. First Niagara arranged $48 million in financing for the acquisition
MORRISTOWN, NJ—G.S. Wilcox & Co. has arranged $78 million in financing for three New Jersey industrial properties, two New York retail assets and a mixed use building. Firm president Gretchen Wilcox and company principals David Fryer and Al Raymond worked the deals.
ROCHELLE PARK, NJ—In early 2016, the commercial real estate investment market will continue to experience greater liquidity, but deals may get more challenging to complete as a result of the unclear direction in this peaking cycle, according to Sandy Herrick, founder and managing principal of Case Real Estate Capital.
PHILADELPHIA, PA—The Goldenberg Group, international real estate firm Hines, and ASB Real Estate Investments have launched construction of a new class A residential tower at 1213 Walnut Street in Center City Philadelphia. The project represents the first venture by the partnership of Goldenberg, Hines and ASB.
PHILADELPHIA—PernaFrederick arranged a lease worth an aggregate of $7.7 million to place Metropolitan Neighborhood Nutrition Alliance, a nonprofit hunger relief organization, at Rodin Place, 2000 Hamilton Street, Philadelphia, PA.
LIVINGSTON, NJ—Anchored by swift multi-family trading during the past 10 months, Gebroe-Hammer Associates sales totaling more than $170 million, and involving more than 1,500 units, during a 14-day period in November. Gebroe-Hammer president Ken Uranowitz used the monthly sales report to reflect on trends in the multifamily marketplace.
EDISON, NJ—Edison-based Zimmel Associates is very much a family affair, with the sons of company founder David Zimmel representing clients in two long-term Central New Jersey leases totaling 62,550 square feet.
BENSALEM, PA—Wessex First Avenue Associates has acquired Regency Apartments, a 253-unit, garden-style multi-housing community in Bensalem, PA, from owner SAS Regency for $19.75 million.
AVENEL, NJ —Sitex Group will develop a spec 200,000 state-of-the-art cross-dock distribution facility on the 20-acre site it acquired in the Exit 12 submarket in New Jersey. SVP Blake Chroman calls the acquisition "a rare opportunity in one of the most active submarkets in the country."
EAST BRUNSWICK, NJ—A well-known landmark just off Exit 9 of the New Jersey Turnpike, Two Tower Center, has been sold for $61.925 million. Cushman & Wakefield brokered the sale of the 405,600-square-foot class A office building for nearly $153 per square foot.
From Placer.ai
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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
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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