News

Gadaleta will oversee strategy and operations for the firm's 13.5 million-square-foot portfolio as she replaces Managing Director Linda Aronson, who is hanging her hat after 37-year stint at JLL.

Skyline AI vetted the asset by processing scraped data from review sites; these online reviews indicated an opportunity for optimization.

The 1,322-unit portfolio consists of all stabilized properties and has maintained an average occupancy of 92% through the past three years.

The restaurant, which opened in 2018 on the Paramus Golf Course, will move operations to its new location at 227 Franklin Ave. in Nutley. Peg's signed a long-term lease for the 6,300-square-foot former Kyoto Buffet Restaurant space.

The transaction was facilitated by an unspecified preferred equity investment by national multi-housing owner and operator Pensam Residential of Miami. Pensam's preferred equity investment is structured behind Fannie Mae senior financing.

The portfolio consists of primarily Class A properties in Chicago, Indianapolis, Columbus and Milwaukee.

"The Philadelphia office market has seen immense momentum and rent growth over the past few years and the well capitalized Nightingale and Wafra partnership is in ideal position to capitalize on the favorable market dynamics,' says Walker & Dunlop's Rosenberg.

Navigating changing variables around rising construction costs, Stirling has had to put its head down with clients to massage a layout that is cost-effective.