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WASHINGTON, DC—Even CEO Ben Miller, who's seen first hand how fast an investment can sell out, was surprised at the speed of e-REIT's oversubscription.
CALABASAS, CA—The economic trends that would lead the Federal Reserve to begin raising the federal funds rate continue to bode well for commercial real estate, Marcus & Millichap says in a special report.
WASHINGTON, DC—One attorney closely following the proceedings says that the major points have been settled and will pass as part of the Omnibus spending bill.
PHILADELPHIA—PernaFrederick arranged a lease worth an aggregate of $7.7 million to place Metropolitan Neighborhood Nutrition Alliance, a nonprofit hunger relief organization, at Rodin Place, 2000 Hamilton Street, Philadelphia, PA.
LIVINGSTON, NJ—Anchored by swift multi-family trading during the past 10 months, Gebroe-Hammer Associates sales totaling more than $170 million, and involving more than 1,500 units, during a 14-day period in November. Gebroe-Hammer president Ken Uranowitz used the monthly sales report to reflect on trends in the multifamily marketplace.
EDISON, NJ—Edison-based Zimmel Associates is very much a family affair, with the sons of company founder David Zimmel representing clients in two long-term Central New Jersey leases totaling 62,550 square feet.