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MATAWAN, NJ—Edison law firm Methfessel & Werbel has acquired 14 Cliffwood Avenue, Matawan, NJ, from real estate development firm Denholtz Associates for $9 million in a 1031 exchange.
JERSEY CITY, NJ—Deployment concerns are on the rise given the lack of supply in the sector, and finding the right asset for each ownership profile continues to become more difficult, Prologis's Mary Lang tells GlobeSt.com in this <b>EXCLUSIVE</b> NAIOP I.CON: Trends and Forecasts preview.
DALLAS—The 1.5 million-square-foot architectural landmark sat vacant for five years until a sale jettisons it into a multifamily, hotel, retail, dining and entertainment extravaganza.
NEW YORK CITY—On the other hand, Trepp's Joe McBride says CMBS enjoyed “another sustained period of tightening spreads and increased demand in the face of meager new issuance” during April.
NEW YORK CITY—The teen apparel retailer expects to emerge from bankruptcy within the next six months, during which time it will close 154 stores in the US and Canada.
GILBERT, AZ—Following its acquisition by Centerbridge Partners, Cascade Financial Financial Services will collaborate with manufactured homebuilder Champion on a non-exclusive basis.