New Jersey

The New York City-based NFP's lease was the largest of what has been 39,832 square feet in recent new lease deals at the two-building office complex.

The project is the first hospital to open in 45 years in Gloucester County, NJ.

The loan collateralized by Emerson Lofts was provided by New York City-based Madison Realty Capital and allows Manhattan Building Co. to complete the first phase of the fully approved project and fund pre-development on three subsequent phases.

The automobile finance firm will occupy a portion of the third floor of the Class A, 260,382-square-foot building owned by Onyx Equities, which is currently undertaking a capital improvement program.

The 26,174-square-foot property is fully leased by Allegheny Health Network, a subsidiary of Highmark Health Inc. No financial terms of the transaction were released.

Under the terms of the agreement, Realogy will receive $375 million in cash at closing, subject to certain adjustments, and a $25-million deferred payment.

Following the Oct. 31 ceremony, Circle Squared Alternative Investments and the PRC Group broke ground on City Line East, a 198-unit luxury apartment project that will also include 8,564 square feet of retail space.

Comments on the state of the market have centered on inflated pricing because of investor saturation, which many feel doesn't reflect the current market environment.