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HACKENSACK, NJ–NAI James E. Hanson named four veteran executives, all brokers – Barry J. Cohorsky, SIOR, Jeffrey DeMagistris, SIOR, Thomas A. Vetter, SIOR and Hal B. Messer, MSRE – as senior vice presidents.
JERSEY CITY, NJ—Stonegate Buildings, a partnership between Steven Gelbtuch's Garfield Avenue Holdings and Nat Amsel, has sold 238-242 Garfield Avenue, Jersey City NJ to 238-242 Garfield Ave JC LLC for $4.375 million.
NEW YORK CITY—“This is a fabulous statement for Long Island City and particularly the Factory District,” Cushman & Wakefield executive director Mitch Arkin, who represented the landlord in the deal, tells GlobeSt.com.
ALLENTOWN, PA—Patriot Equities is acquiring 1110 American Parkway, Allentown PA, a 600,000 square-foot class A office campus in Allentown, PA. The property is off Route 22 in close proximity to the Lehigh Valley International Airport. Mission Capital Advisors arranged $41 million in acquisition and repositioning financing for the transaction.
HOUSTON--Community Texas Gulf Bank N.A., an independently owned and operated community bank with locations along the Texas Gulf Coast, is expanding its Houston operations.
FORT WORTH—Fort Worth-based TPG, along with Los Angeles-based Leonard Green & Partners, have acquired Life Time Fitness Inc. in a transaction valued at more than $4 billion.
ATLANTA— GlobeSt.com's Jennifer LeClaire caught up with Franklin Street's Jake Reid to get his perspective on what's fueling so much investor attention on Atlanta multifamily in this <b>EXCLUSIVE </b> interview.
SAN FRANCISCO—The Bancroft Building, at 731 Market, is a six-story building whose ground floor is currently occupied by CVS Pharmacy on a long-term lease.