News

The disposition follows the firm's nearly $4 million in property improvements; increasing its value by 34%.

The buyer is an e-commerce company that produces customized apparel and other merchandise.

Fiumara's promotion marks just the third time that a CBRE sales professional in the greater Philadelphia region and New Jersey region has achieved the vice chairman status.

Freddie Mac provided $50.775-million in financing for the buyers—Cantor Fitzgerald and operating partner BH Equities, according to NKF's Multifamily Capital Markets group.

PGIM Real Estate Finance provided the 10-year, fixed-rate, non-recourse loan for the 136,928-square-foot, grocery-anchored retail center in Northern New Jersey.

The NJ TRANSIT office of real estate, economic development and transit-oriented development will assess and develop recommendations for transit-oriented development opportunities for parcels of property in which NJ TRANSIT holds an interest in, with the goal of increasing NJ TRANSIT's non-farebox revenue.

Investments in Orange, Seminole, Lake, Osceola and Volusia counties will be given first priority; though other investments across Florida could also be considered.

The 223-unit rental community sold for $29 million to Upstate Garden District Apartments LLC.