News

Bow Street, a New York City-based investment firm that owns approximately 4.5% of the outstanding shares of common stock of Mack-Cali Realty Corp., is also calling for the election of four additional new directors to the Mack-Cali Board of Directors.

The deal with SB One Bancorp, the parent of Paramus, NJ-based SB One Bank, would broaden Provident's operations in both New Jersey and New York State. The combined organization will have approximately $12 billion in assets and will rank as the third largest bank headquartered in New Jersey.

Savills has acquired Macro Consultants, a project management firm that oversees capital projects, including relocations, expansions and modernizations nationally. The acquisition bulks up Savills existing advisory and management platform to offer leaner services to its clients.

The deal, arranged by JLL Capital Markets, was done on behalf of a partnership between funds managed by Los Angeles-based Oaktree Capital Management, L.P. and GlenStar Properties of Chicago, to secure debt financing through a domestic financial institution.

Origin acquired the property on behalf of its IncomePlus Fund from Michigan Avenue Real Estate Group, the original developer of the property. Chicago-based multifamily brokerage firm Kiser Group represented Origin Investments in the off-market transaction.

The new health center is home to Main Line Health's first Women's Specialty Center in collaboration with Axia Women's Health. The new facility which opened on Monday is located in the Village at Valley Forge.

A challenge for grocers at the moment is finding suitable sites in New Jersey's tight real estate market.

The RFI released on Tuesday seeks input from all individuals and organizations that have an interest in how a Green Fund may be established and operate in the state.