NEW YORK CITY-Dai-ichi Life has shed the 1.6-million-sf asset to a joint venture forged between the REIT and Allied Partners. The closing ends a months-long process involving complex asset swaps.

NEW YORK CITY-In the midst of a major reorganization of its corporate real estate advisory group, Mark Smith has been tapped to head the operation. Smith fills the void left by Barry Barovick, who leaves to head Grubb & Ellis.

SHREWSBURY, NJ-Internet Photonics has inked a deal for 25,896 sf at 1030 Broad St. here. The local market boasts a 1.5% vacancy rate.

WASHINGTON TWNSHP, NJ-Mixed-use communities combining retail, condo and residential are redefining the neighborhood concept here. Construction has already begun on one development.

EAST RUTHERFORD, NJ-A 10.4% vacancy rate isn't the best we've had, but in an economy that's slipping and sliding, maybe it's stability we should be looking for. But watch for more concessions as owners rush to close deals.

EAST RUTHERFORD, NJ-A 10.4% vacancy rate isn't the best we've had, but in an economy that's slipping and sliding, maybe it's stability we should be looking for. But watch for more concessions as owners rush to close deals.

PERTH AMBOY, NJ-Acquisition is seen as a complement to Kushner's redevelopment activity in town.

BEDMINSTER, NJ-Sales team meets client fund's goals for high, quick returns with disposition of 233,000-sf, two-building asset.