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CAMDEN, NJ--The MD Anderson Cancer Center at Cooper was built to create hope for the environment as well as for its patients. The center has been recognized by the US Green Building Council's New Jersey Chapter for setting a new standard for sustainability among health care facilities.
In this deal-tracker roundup, we report on several development, sales, and lease deals announced in New Jersey recently. Among them, the $23.5 million construction/permanent loan from Amboy Bank for The Cobalt, a new upscale apartment development in Somerville, NJ.
CHICAGO—The new owners of the Oak Brook Executive Plaza say the property, now nearly 90% occupied, can handle higher rents once they finish a renovation project.
OLD BRIDGE, NJ—An improved picture in both 'big-box' and smaller store spaces combined to push the retail vacancy rate along central New Jersey's major shopping corridors to a six-year low of 7.6% from 9.8% in 2013, according to the latest study by R.J. Brunelli & Co., LLC. The 2014 figure compared with a high of 10.5% in 2011 and low of 3.4% in 2006.
WASHINGTON, DC—The $720-million redevelopment of the 25-acre McMillan Sand Filtration Plant was the subject of a DC Council hearing on Wednesday where a number of council members spoke favorably of the controversial project.
WASHINGTON, DC—The District of Columbia Housing Authority Board of Commissioners has selected the MRP Realty/CSG Urban Partners team as its developer for the DCHA Headquarters at 1133 North Capitol Street, N.E.
CHICAGO—The old Marshall Field's distribution center on the Northwest Side will include 84 live/work units, alongside new offices and retail, and will give the complex a 24/7 vibe.
PHOENIX—Shari Stults, vice president/mortgage banker at NorthMarq Capital's Phoenix based regional office, secured $10.5 million in acquisition financing for Palm Valley Office Park I & II, located at 1616 & 1646 N. Litchfield Rd. in Goodyear.