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The Boston-based firm received the latest round of funding from existing investors Wavecrest Growth Partners, River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures. The same investment group, led by Wavecrest Growth Partners, provided Building Engines $26.5 million in 2016.
"Today's news is a positive step in the right direction for all of the communities that sit on the Raritan Valley Line," said State Senator Nicholas Scutari. "One seat ride is critical for the continued economic growth of our region."
The outline of the preliminary community plan includes 360 residential units in a mix of affordable and market rate, 800,000 square feet of commercial and office space, and a multi-modal transit plaza.
Sales volume and prospecting activity held steady in the third quarter. WCRE states that third quarter leasing activity was higher in Camden County, and particularly in Cherry Hill, but fell for the region overall. Gross leasing absorption was positive, but trended lower quarter-over-quarter.
The deal to acquire the real estate appraisal and consulting firm that specializes in litigation support and related services significantly expands BBG's valuation litigation services and other capabilities in the region and nationwide.
The Society of Industrial and Office Realtors will host its 2019 Fall World Conference from October 17 to 19 in Portland, where nearly 1,000 commercial real estate professionals will discuss CRE's latest trends.
JLL's newly hired tenant rep specialist Mike Sample focuses on servicing fast growing technology companies and the San Francisco office market sits primed for that type of activity.