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JERSEY CITY, NJ—GRID Real Estate, LLC and CBRE arranged the $19.5 million sale of Puccini's, the famed Italian catering hall and eatery on Jersey City's West Side, along with six adjacent parcels. New York-based Amerstate Holdings, LLC purchased the Puccini's properties from Boca Corp, long time owners of the four-acre site.
HAZLETON, PA—NAI Mertz of PA sold a 25,000-square-foot industrial building located at 63A Green Mountain Road in Hazleton, PA, to Greater Hazleton Community Area New Development Organization, Inc. The agency's goal is to foster economic activity in the greater Hazleton Area through acquiring and developing the land and infrastructure needed to attract new industries and new jobs to greater Hazleton.
WHIPPANY, NJ—Commercial insurance firm Arthur J. Gallagher & Co. has leased 51,000 square feet at The Crossings at Jefferson Park, owned by a joint venture of Vision Real Estate Partners and Rubenstein Partners. Gallagher will relocate 300 employees to the recently redeveloped office campus in Whippany from Short Hills, NJ, in an expansion of its regional risk management services practice.
MIAMI— GlobeSt.com caught up with Stephen L. Smith, vice president of The Hogan Group, to talk about how companies are rethinking office space in part one of this <b>EXCLUSIVE </b> interview.
CHICAGO—Technological advances have greatly improved the quality and lowered the expense of digital interviewing, and real estate firms are increasingly using it to get more insight into recruits' personalities.
IRVINE, CA—Although the share of flips of single family homes grew in Q4, they represented just 5% of all home sales throught the year, the lowest share since 2011, according to a year-end report from RealtyTrac.
NEW YORK CITY—The newly appointed SVP of retail investment sales at Winick Realty Group—which revealed plans to form a division focused on the area earlier this week—tells GlobeSt.com what's behind the plan and how he'll grow the team in this <b>EXCLUSIVE</b> interview.
NEW YORK CITY—When it comes to alignment of interests, investors rank fees as the area most need of improvement in four of five alternative asset classes, Preqin says.