News

NJ TRANSIT is soliciting written expressions of interest from firms to develop land owned by NJ TRANSIT along the 37-mile River LINE right-of-way, including 21 station areas across 15 municipalities, into vibrant TOD projects.

The commercial brokerage firm states that year-to-date leasing volume in Northern and Central New Jersey totas 6.2 million square feet—8.1% ahead of last year's totals during the same period.

Florida Crystals has agreed to the early end of a controversial lease on land that is envisioned for a stormwater-treatment area linked to a new reservoir near the Everglades Agricultural Area.

The new Pennsylvania-Delaware division will look to expand Lennar's presence in the Philadelphia region.

The Deer Creek Condominium Association sold the property at 1600, 1700 and 1800 Wedgewood Drive to the Laramar Group of Chicago.

Separately, Greystone secured a $48 million Freddie Mac loan to refinance a seniors housing property on behalf of Harbert Seniors Housing Fund I.

The two hires in the Greater Philadelphia region follows last month's addition of managing directors Joseph Garibaldi and Thomas Walsh to Walker & Dunlop's Northeast sales team based in Short Hills, NJ.

"Today is a historic day for Chicago transit as we begin the largest project in CTA history to modernize CTA rail service for the next century and rebuild the Red Line, the CTA's busiest line," said Chicago Mayor Lori Lightfoot.