RAHWAY, NJ—A multifamily renaissance continues in Rahway, NJ, with two recent sales involving 168 luxury and duplex-style apartment-rental units. Gebroe-Hammer Associates represented both sellers and buyers in the sales of River Place at Rahway and Alden Apartments.

NEWARK, NJ—Newark city officials say the city is prepared to build on such strengths as its port and transportation infrastructure, and a vibrant and growing arts and culture sector, but warn that the city is still recovering from poor planning and government policies discouraging urban investment put in place after World War II and a flight to the suburbs that accelerated after the city was wracked by the 1967 riots, which the mayor and some in the audience referred to as “the rebellion.”

UPPER CHICHESTER TOWNSHIP, PA—Bala Cynwyd-based Endurance Real Estate Group says its affiliate has acquired Naaman's Creek Business Center, a five-building flex portfolio in Upper Chichester Township, PA, for $9.75 million, or about $51.12 per square foot for the 190,729 square feet complex.

BERKELEY HEIGHTS, NJ—Boston-based Tocci Building Companies has broken ground on a $39.5 million Embassy Suites Hotel strategically located within Connell Corporate Park in Berkeley Heights, NJ. The 187,000 square-foot development is an eight-story, 176-key hotel. The property is owned by Connell Hospitality, LLC, and will be operated by Davidson Hotels & Resorts.

PARSIPPANY, NJ–A MetLife subsidiary has sold Morris Corporate Center 4 in Parsippany, NJ to a joint venture between Intercontinental and Ivy Realty. The building is the newest in Morris Corporate Center, built in 2000. A CBRE team represented the seller and found the buyer for the property.

PHILADELPHIA, PA—Panelists at the ALM Media RealShare Philadelphia conference held Wednesday at the historic Union League Club in Center City Philadelphia say the City of Brotherly Love may be better positioned than New York City for growth in its commercial real estate markets, and commented on the relative ease of doing business in the city. William "Billy" Procida of Procida Funding calls Philadelphia "the best city I have ever been to.

WOODBRIDGE, NJ—Onyx Equities says it leased nearly 850,000 square feet of space in 2014, with more than a quarter of a million square feet leased in the fourth quarter alone. Adam Karafiol, senior vice president of leasing for Onyx Equities, says the company's performance relies on making significant capital investments in properties to attract and retain tenants.

ORADELL, NJ—NorthMarq Capital's New Jersey office has arranged a $16.5 million refinancing for the New Jersey Health Care Center, a 75,000-square-foot medical office building at 680 Kinderkamack Road in Oradell, NJ. The building's physician-owner turned around the property's flagging occupancy from 54% to over 90%.