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MADISON, NJ—Lincoln Equities Group and a team composed of Newmark Grubb Knight Frank, HLW International and Real Estate Arts have launched a rebranding of 5 Giralda Farms focusing on upscale amenities to attract companies to the suburban office complex.
PHILADELPHIA, PA—Parkway Properties says it signed a 322,000 square foot 12-year renewal lease with Cigna Health and Life Insurance Company at Two Liberty Place in Philadelphia, PA. One and Two Liberty Place are the taller towers in the background at right of the image.
CHATHAM, NJ—Dermody Properties has relocated its East Region Office to Chatham, NJ from West Conshohocken, PA, and named James Mascaro senior vice president, development, in the office.
NEW YORK CITY—For many loans among the $125 billion-plus in Fitch-rated CMBS due to mature by the end of 2017, the ratings agency sees additional pressures coming in the form of higher interest rates.
UPPER MARLBORO, MD—Prince George's County has reached an agreement in principle with the State of Maryland to contribute $20 million in additional funding for the development of the Purple Line.
PHOENIX—Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, announce the acquisition of a 16-acre land parcel for the development of AZ|60.
AUSTIN--As part of its ongoing efforts to continually enhance the firm's platform in local markets across the U.S., JLL has expanded its investor services offering with the addition of property and asset management services in Austin.
DENVER–Deals that are in the works and whether capital is available to get these deals done were analyzed at RealShare Greater Denver by a panel of experts from Transwestern, HREC Investment Advisors, Marcus & Millichap Capital Corp., Essex Financial Group, Colorado Business Bank and Cardinal Group Management.