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IRVINE, CA—Annual increase in March first since September 2010 thanks to Jump in REOs; highest state foreclosure rates in Florida, Maryland, Nevada, Illinois, New Jersey, according to ReatlyTrac report.
LOS ANGELES—In an expansion to its commercial equity and residential lending sectors, Realty Mogul launches a commercial lending division that will focus on larger loan amounts for commercial real estate properties.
PHILADELPHIA, PA—Pennsylvania Real Estate Investment Trust and The Macerich Company are moving closer to city approval of their planned redevelopment and re-branding of the historic Gallery shopping mall in the heart of Center City.
HOBOKEN, NJ —Advance Realty has begun the vertical construction of Willow14, its seven-story, mixed-use development project that will have 140 luxury apartments, 20,000 square feet of retail space and a four-story, below-grade parking garage.
HOUSTON--Capital Square Realty Advisors LLC announced that its Delaware Statutory Trust investment offering, MOB Portfolio I DST, comprised of two medical office buildings, including one in Houston, has been fully subscribed by investors.
MARLTON, NJ—Hill International has acquired IMS, a Turkish project management services firm with extensive experience in the international project space.