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KING OF PRUSSIA, PA—Endurance Real Estate Group and its joint venture equity partner, Thackeray Partners, have sold two class A warehouse/flex buildings in King of Prussia to a private REIT.
COLUMBUS—Cities throughout the US are helping revive CBDs by cleaning up waterways, adding parkland, and making the areas into attractive neighborhoods.
HACKENSACK, NJ–Alfred Sanzari Enterprises has named Jeffrey M. Jacobson of Purchase, NY its chief financial officer. Jacobson comes to Sanzari with 30 years of strategic experience in the financial management, accounting, auditing and operational aspects of real estate companies.
SADDLE BROOK, NJ–Vision Real Estate Partners has acquired 55-75 Mayhill Street, a neighborhood shopping center comprised of two buildings, totaling 119,000 square feet in Saddle Brook, NJ.
WASHINGTON, DC—Two reports suggest the economy is stronger than other recent reports say. Besides the increase in real estate revenue, Americans' net worth have reached $84.9 trillion, driving by a $503-billion increase in residential real estate valuations.
BETHESDA, MD—Long-time company executive Lawrence Nussdorf has been elected CEO of commercial real estate firm Clark Enterprises Inc., replacing A. James Clark, who passed away two months ago at the age of 87.
CHARLOTTESVILLE, VA—Nine of the 20 biggest earnings beats among equity REITs for Q1 occurred in the lodging sector, says SNL Financial; no other property type came close.
LITTLETON, MA—Construction has begun in earnest on a new $49-million, 450,000-square-foot fulfillment center project for Potpourri Group Inc. on a nearly 52-acre parcel here.