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WAYNE AND KING OF PRUSSIA, PA, AND FLORHAM PARK, NJ—Seven KBS properties, two in the Philadelphia area and five in Florham Park, NJ, in have achieved Wired Certifications from WiredScore, which created the international standard that distinguishes best-in-class Internet connectivity in office buildings.
NEW YORK CITY—Rent growth in Class A office space has stagnated, prompting landlords to step up with generous concesssion packages, according a new report.
IRVINE, CA—Yet despite the monthly gains, Auction.com's Peter Muoio points out that April's tally represents “the slowest annual growth rate in pricing for the cycle.”
FLORENCE AND CARTERET, NJ—Amazon.com is expanding its network of distribution centers in New Jersey witn new sites in Florence and Carteret. The two new fulfillment centers will bring more than 2,000 full-time jobs to the Garden State, the online retailer says.
IRVING, TX—A key component to the Parc GSW industrial park is a prime location near DFW International Airport and access to major freeways, including George Bush Turnpike and Highway 161.
SAN ANTONIO, TX—The acquisition of Chestnut Park is part of Sterling's planned focus on investing in value-add, class-B and C multifamily assets located in Southwestern US markets.