SAN DIEGO—It's easier to get construction financing today than it was in 2011, but lenders are beginning to tighten up, George Smith Partners' Jonathan Lee tells GlobeSt.com in this <b>EXCLUSIVE</b> look at a recent La Jolla townhome deal.

NEWARK, NJ—Realterm NAT, an institutional owner of transportation-related properties, acquired 41-65 Doremus Avenue in Newark, NJ, a class A, 38,072-square-foot transportation maintenance and repair facility, from Vineland Construction Co. Realterm NAT for an undisclosed amount.

FLORHAM PARK, NJ—A joint-venture partnership of The Rockefeller Group and Korman Communities has started construction of AVE Florham Park, a flexible-stay community in the heart of Florham Park, NJ. Slated to open in 2017, AVE Florham Park will feature 256 suites for corporate housing and relocations.