News/Events
3 Suburban Philly Office Buildings With Strong Occupancy Hit The Market
A New York investor is seeking $41.7M for 3 New Jersey office buildings with roughly 90% occupancy.
Moody's Warns Rising Heat, Water Scarcity Are Poised To Reshape Asset Values
Rising heat and water scarcity risks for global real estate and insurers.
Lightstone Group Acquires Amazon Robotics Building For $43M
Atlantic Management sold the North Reading property after signing Amazon to a full-building lease last year.
AI-Native Hanover Park Leases Full Floor at 387 Park Ave. South
A new lease with AI-native fund administrator Hanover Park and the expansion and extension of PMG Worldwide’s existing space have been recent highlights at TF Cornerstone’s 387 Park Ave. South, which has seen more than 100,000 square feet of leasing activity in the past year. The recent transactions follow K Health’s long-term renewal and the…
PMB, Loma Linda University Health Break Ground on Inpatient Rehab Hospital
PMB, a leading healthcare real estate developer, and Loma Linda University Health with Lifepoint Rehabilitation, a business unit of Lifepoint Health, recently broke ground on a new, 99,000-square-foot, 80-bed inpatient rehabilitation hospital in Redlands. Located at 11207 New Jersey., the three-story facility will function as a standalone hospital. “Breaking ground today represents far more than…
Astoria Favorite :3Coffee Roasters Expands to Halletts Point
The Durst Organization has signed :3Coffee Roasters to a 1,232-square-foot lease for a new retail location at 30 Halletts Point in Astoria, Queens. Expected to open later this year, the new shop marks an expansion for the family-owned business and its second Astoria location. It will also be the first retail at 20 and 30 Halletts Point,…
CBRE Arranges Debt on Advanced Manufacturing Campus in San Jose’s Golden Triangle
CBRE announced it arranged $67.4 million in financing for Forge North First, a mixed-phase industrial/R&D campus and advanced manufacturing development in San Jose’s Golden Triangle submarket. Mike Walker, Brad Zampa, and Andy Gross of CBRE’s Debt & Structured Finance team in San Francisco arranged the five-year bridge loan with floating-rate, non-recourse financing from an institutional lender on behalf of…
Marcus & Millichap Closes Sale of Downtown Westfield Mixed-Use
Marcus & Millichap arranged the sale of 251 North Ave. W., a mixed-use property in Westfield, NJ, for $5,260,000. Alan Cafiero, David Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the private buyer. “Downtown Westfield continues to be one of the most desirable mixed-use investment markets in…
Pennrose Cuts Ribbon on Mixed-Income Rentals in Lenox
Pennrose held the grand opening of Forge, a new mixed-income rental community for individuals and families in Lenox, MA. The community features 65 apartment units across 13 townhome-style buildings, along with a modern clubhouse and shared amenity spaces. “With few affordable housing options in the area, Forge will provide a high-quality, connected living experience for working…
