Globest Sectors

CLK, LLC acquired the complex for $94 million, according to Cagan's Realty, Inc., an affiliate of Cagan Property Management Inc. of Skokie, IL, which represented CLK in the transaction.

The $25.7-million project would include $3.04 million in mortgage financing from NJHMFA, $1.5 million from its Special Needs Housing Trust Fund, as well as $4 million from its hospital program to be matched by RWJBarnabas Health.

The largest transactions were renewals by Genex totaling 50,037 square feet at 440 East Swedesford Road and Tekni-Lex's 17,219-square-foot renewal at 460 Swedesford Place. The Provident Bank also signed a lease renewal for its 3,350-square-foot operations at 460 Swedesford Road.

Telegraph Tower, developed by TMG Partners and endorsed by mayor Libby Schaaf as a key element of Uptown Oakland's development, provides 875,000 square feet of next generation office space.

A new report from CBRE shows a significant increase in online retailers opening up bricks and mortar locations in Southern California.

Urban Edge Properties, a real estate investment trust focused on urban retail real estate, has acquired two mixed-use buildings in the Midwood submarket of Brooklyn for $165 million.

Wow-factor features, like water fountains, are shows to have a significant impact on ROI for retail owners.

Newport acquired a class-A asset with plans to add value by leasing up the remaining vacancy and developing the final shovel-ready 25,500-square-foot residential building which includes 30 additional units.