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EATONTOWN, NJ—New York-based Kushner Companies has acquired from Vornado Realty Trust the percent interest it didn't own in the 1.5 million square-foot Monmouth Mall in Eatontown, NJ. Kushner is now sole owner of one of the state's largest shopping destinations.
SOMERSET, NJ—Reflecting the shrinking pool of available industrial property in north and central New Jersey, Princeton-based Cabot Properties has fully leased two single tenant warehouses it owns in Somerset, NJ.
SAN FRANCISCO–Matthew C. McCormick has been hired as senior vice president of The Roxborough Group LLC, responsible for sourcing and managing investment opportunities across the West.
NEW YORK CITY—Either the market sees “a future with runaway inflation/appreciation which will drive a higher overall yield on exit, or there is just too much money chasing too few deals,” says an Integra Realty Resources report.