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COLUMBUS—The industrial market ended the year with a 6.71% vacancy rate, researchers found, and modern bulk buildings led the way with a rate of just 4.7%, both all-time lows.
WASHINGTON, DC—The Gray administration has selected a joint venture of Redbrick LMD and Gragg Cardona Partners to redevelop approximately 1.6 million-square feet of land at the St. Elizabeths East campus.
PHILADELPHIA, PA—The Philadelphia Metro Chapter of the Appraisal Institute honored Integra Realty Resources' senior managing director Joseph Pasquarella, MAI, CRE, FRICS, with the Felice A. Rocca, Jr. Memorial Award.
CHATHAM, NJ—Grow NJ tax incentives are keeping companies and jobs in New Jersey, and more than $1.4 billion in incentives have gone to some 71 companies in 2014. Raymond Trevisan, Cassidy Turley, looks at the program's accomplishments in this Q&A.
BRICK TOWNSHIP, NJ—Tryko Partners, LLC of Brick has expanded its nursing home property portfolio by acquiring a skilled nursing facility in its home town. Tryko acquired Burnt Tavern Rehabilitation and Healthcare Center—renamed Willow Spring Rehabilitation and Healthcare Center—and will immediately launch a $1 million renovation and program upgrade at the property.