Capital Markets

James McDonald of Hercules Investments is not one of the investors predicting a recession in the next 12 months.

New owner Panattoni will develop a 159,405-square-foot speculative class-A distribution center on the acreage at 1701 Valley View Ln., and the facility is expected to deliver in second quarter 2020.

Lakes of 610 offered a rare value-add opportunity due to all units maintaining original finishes as well as the Houston infill location, and after a potential rehab package, the asset may yield greater rents.

Sales volume and prospecting activity held steady in the third quarter. WCRE states that third quarter leasing activity was higher in Camden County, and particularly in Cherry Hill, but fell for the region overall. Gross leasing absorption was positive, but trended lower quarter-over-quarter.

The deal to acquire the real estate appraisal and consulting firm that specializes in litigation support and related services significantly expands BBG's valuation litigation services and other capabilities in the region and nationwide.

ArborCrowd seeks to raise $5.15 million from investors for the remaining equity, which has been pre-funded into the project by an affiliate of ArborCrowd. The sponsor broke ground on the development in April, and construction is expected to be completed towards the end of 2020.