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CHERRY HILL, NJ— Rutgers University Behavioral Health Care is leasing space at the Colwick Business Center, a Cherry Hill complex featuring three single-story office buildings owned and managed by an affiliate entity of Endurance Real Estate Group.
MIDDLETOWN, PA–Woodmont Industrial Partners says The Clark Group, a logistics provider for print media, has signed a three-year lease for 103,217 square feet at 400 Capital Lane in the Capital Logistics Center in Middletown, PA.
PARAMUS, NJ—Marcus & Millichap arranged a 1031 exchange transaction involving the sales of two Northern New Jersey shopping centers for more than $29 million, and one of the brokers says 1031 buyers are bidding aggressively and driving prices upward in Northern New Jersey. Indeed, one of the two centers sold at one of the highest per-square-foot prices for a New Jersey multi-tenant center.
NEW YORK CITY—For markets such as New York City and Los Angeles, traditional tenants still focused on the bottom line may balk at rent escalations, says Savills Studley, which also sees other forces at work.
NEW YORK CITY—In speeches met with rousing applause in Midtown Monday, the Governor pledged to demolish the beyond-repair LaGuardia airport and build a new one, earning him praise from Vice President Joe Biden.
BOSTON—Failure to gain sufficient public support and statements by Mayor Martin Walsh at a Monday morning press conference led to the U.S. Olympic Committee and supporters of Boston's bid for the 2024 Olympic Games to jointly announce that the campaign to site the games in Boston was at an end.
HOUSTON—HFF has announced today that it has arranged fixed-rate financing for Preserve at Colony Lakes, a 420-unit, class A multi-housing community in Stafford, southwest of Houston.