Northeast

The new rent laws create significant changes in landlord-tenant obligations.

Lockheed Martin had announced last month its intention to shutter the Chester County plant by the end of this year and relocate operations to other Lockheed Martin production plants.

CBRE VP Jaspaul Kapoor secured the loans on the properties that were mostly part of a 2017 portfolio purchase for $63 million. OneWall Partners is the largest property owner in East Orange and one of the largest transit-oriented workforce housing owner/operators in northern New Jersey.

We are seeing more activity than ever with respect to large, campus-like data centers but the 'average' is about 150,000 square feet, says DLA Piper's Mike Bedke.

The proposed Barclay Street housing development, the first project announced under the partnership program, involves the construction of a multi-story building, in an Opportunity Zone, to house one- to three-bedroom apartments affordable to families, potentially including hospital employees.

Investors are diversifying their portfolios by adding affordable properties to the mix, says Berkadia's Ernie Katai.