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In its second quarter financial announcement, the company revealed that on Monday (Aug. 5) it secured a $150-million mortgage on its 111 River St. office building in Hoboken, NJ.
For Colliers it means the addition of an established four-person office capital markets team and five veteran industrial brokerage professionals. Colliers will also fold Podolsky’s 32-building, 2.1-million-square-foot property management portfolio into its existing portfolio.
The recently completed 387-unit luxury rental development at 10400 Southwest City Center Blvd. is part of Pines City Center, a 47-acre master-planned village featuring approximately 300,000 square feet of lifestyle-oriented retail, entertainment and restaurant space.
A check for $107,000 was recently presented to the Boys & Girls Clubs of North San Mateo County by the Sares Regis education and community foundation for a technology and infrastructure upgrade to the center.