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HORSHAM, PA—Workspace Property Trust, a new real estate investment firm led by longtime successful industry veterans Thomas Rizk, Roger Thomas and Howard Sipzner, purchased 41 office and flex buildings in Horsham, PA from Liberty Property Trust for approximately $245.3 million.
BRIDGEWATER, NJ—Advance Realty and CrossHarbor Capital Partners have leased an additional 11,000 square feet at the New Jersey Center of Excellence in Bridgewater, NJ to several new tenants.
WESTVILLE, NJ—The Inverness Apartments in Westville, Gloucester County, NJ have been sold in an off-market transaction for $27.3 million brokered by The Kislak Company.
WOODBRIDGE, NJ—APA Group, owner of Japan's largest hospitality organization has formed a joint venture partnership with NJ-based Friendwell Group of Companies to introduce and develop the APA brand in the US, starting with the 200-room APA Hotel Woodbridge, to be followed by additional properties throughout the country.
CINNAMINSON, NJ— Saratoga Springs, NY-based Prime Group has purchased Riverline Self Storage, a 381-unit self-storage facility located in the Philadelphia suburb of Cinnaminson, NJ, for $5.4 million.
CLOSTER, NJ—Catellus Development veteran Pablo Medeiros is joining Heidenberg Properties as director of development and construction for the shopping center development company.
MARLTON, NJ—Wolf Commercial Real Estate has named Andrew "Drew" Maristch III, vice president of Corporate Services and Portfolios. Maristch will be a key leader tasked with expanding WCRE's presence in the Southeastern Pennsylvania office market.
CRANBURY, NJ—There seems to be no end to the voracious demand for industrial space in the Exit 8A submarket, and Clark Machemer of Rockefeller and Michael Alfieri of Alfieri tell GlobeSt.com exclusively their latest project, Cranbury Station Park, will add up to 1.24 million square feet of Class A warehouse/distribution space.
SOUTH BRUNSWICK, NJ—Two new leases and one sale involving 672,000 square feet of industrial space brokered by Cushman & Wakefield in central New Jersey underscore the continued strong demand for distribution facilities close to the New York metropolitan area, says Cushman & Wakefield's Chuck Fern, who led the team that brokered all three deals.
PHILADELPHIA, PA—PM Hospitality Strategies will operate five upper upscale hotels in eastern Pennsylvania on behalf of three separate ownership groups. The hotels, in King of Prussia, Valley Forge, Reading, and Center City Philadelphia, bring PMHS's local portfolio to an even dozen.
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
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