ATLANTIC CITY, NJ—Last year was the best year for homebuilding in New Jersey since 2006 and 2015 is likely to see a return to historic levels, according to George Vallone, the incoming president of the New Jersey Builders Association. Listen to audio from Vallone's exclusive interview with GlobeSt.com during Wednesday's session of the group's Atlantic Builders Convention in Atlantic City.

ATLANTIC CITY, NJ—For the first time in a decade, the multifamily rental market “is starting to see a few dark clouds on the horizon,” as supply and demand move toward equilibrium, says Carl Goldberg, co-founder and former partner of Mack-Cali affiliate Roseland, who recently formed an investment partnership called Canoe Brook Management. “After ten successive years of rental growth in Hudson County, the primary luxury multifamily market in the state, we are seeing prices flattening.”

ROSELLE, NJ—NAI James E. Hanson has brokered the sale of the 5,132-square-foot commercial space at 220 Chestnut Street, Roselle, NJ.

PHILADELPHIA, PA–Mack-Cali and its Roseland subsidiary have formed a joint venture with Parkway Corporation to develop a luxury multi-family community at 709 Chestnut Street in Philadelphia. The development, currently in the planning and permitting stages, is slated to commence construction by the end of 2015.

OLD BRIDGE, NJ–Auto parts and accessories chain AutoZone has leased 7,500 square feet at 2500 Route 9 Plaza in Old Bridge. Marcia Minton, leasing representative for Levin Management, leasing and managing agent for the 26,000-square-foot shopping center owned by Adam Corporation, negotiated the long-term lease.

BENSALEM, PA—Kennedy Funding Financial LLC has completed a $3.5 million loan for Lifestyle Real Estate I, an affiliate of Lifestyle Healthcare Group, which has received approval from the township for a $185 million medical office campus to be built on a 10.31-acre tract of vacant land in Bensalem Twp., Bucks County, PA. The two-year, interest-only loan has an initial interest rate of 12%. The healthcare company's chairman, Fred Rappaport, says the integrated medical center is part of a trend to provide one-stop medical shopping for outpatient care.

FLORHAM PARK, NJ–The law firm Sherman Wells Sylvester & Stamelman LLP is expanding its presence at 210 Park Avenue in the Park Place Complex in Florham Park, NJ, by 5,125 square feet to approximately 15,000 square feet. DTZ helped the law firm find its office, and expand it.

PARSIPPANY, NJ—Taking advantage of softness in the Morris County suburban office market, Securitas Security Services USA, a firm that provides security services worldwide, will lease more than half of Mack-Cali's 9 Campus Drive in Parsippany, NJ for the next 15 years.