MORRISTOWN, NJ-Pursuing a strategy of breaking spaces into smaller units and upgrading, Newmark Grubb Knight Frank has nearly fully leased a downtown building that had gaping vacancies.

EAST RUTHERFORD, NJ-In a surprise vote, the borough council approved $524 million in bonds to support completion of the American Dream project in return for payments in lieu of taxes, as developers Triple Five had sought..

NEW BRUNSWICK, NJ-Tishman will manage the construction of an $80 million apartment tower going up here adjacent to the train station.

HOPEWELL, NJ-Cushman & Wakefield, which sold the Merrill Lynch campus here to a partnership last year, recently re-sold a part of it to American Real Estate Partners and also arranged financing on the $90.8 million deal.

BASKING RIDGE, NJ-Two real estate companies have joined to launch a value-add project with the Avaya office campus here.

PHILADELPHIA-Marcus & Millichap orchestrates a deal in which a buyer of an apartment building assumes a loan with a higher-than-current interest rate.

EAST RUTHERFORD, NJ-Cushman & Wakefield's third quarter report says sales pace was torrid and so far this year rents are rising, but overall vacancy remains relatively flat.

PLAINSBORO, NJ-A handful of large tenants is being sought for a new campus being developed on 100 acres in the Princeton Forrestal area. CBRE Group is handling the assignment.