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The New Jersey Housing and Mortgage Finance Agency awarded the $20.5-million development 9% Low Income Housing Tax Credits, which are expected to generate $15.9 million in private equity.

Sheppard, Mullin, Richter & Hampton LLP has hired Gail Suchman as a partner to the firm's Real Estate, Land Use and Environmental practice group.

Met Tower, a 366-unit high-rise multifamily building located in the South Lake Union neighborhood, was acquired by its original developer for $216.1 million, and was sold free and clear of existing financing.

"Clearly this is a pivotal event, not only for our company, but also for the competitive landscape in our region," says David Grove, managing director at Lee & Associates.

Court Plaza North is one of three buildings that make up Court Plaza, a 335,000-square-foot Class-A office complex located at 19/21/25 Main St. in Hackensack.

Temasek and certain institutional clients of Guggenheim Investments partnered with Eastdil on the deal, leaving Well Fargo to retain a minority ownership interest in the company.

The center, which will be based on the university's campus in Urbana-Champaign, will serve as a global hub for the technology that will drive the manufacturing plants, medical environments, autonomous vehicles and smart homes of the future.

The new initiative will explore developing under-utilized properties that can bolster transit-oriented development and optimize the value of assets across the state.