BRICK TOWNSHIP, NJ—Tryko Partners, LLC of Brick has expanded its nursing home property portfolio by acquiring a skilled nursing facility in its home town. Tryko acquired Burnt Tavern Rehabilitation and Healthcare Center—renamed Willow Spring Rehabilitation and Healthcare Center—and will immediately launch a $1 million renovation and program upgrade at the property.
PHILADELPHIA, PA—Radian Group is exiting the bond insurance business, with the agreement to sell 100% of the shares of Radian Asset Assurance Inc. to Assured Guaranty Corp., for a purchase price of approximately $810 million. Company CEO S.A. Ibrahim says it's part of the company's efforts to meet new capital standards for remaining in the mortgage insurance business.
Bussel Realty sold a Plainfield industrial, Eastern Union Funding financed the sale of a Whiting retail center, and Goldman Sachs scooped up an office building on Philadelphia's main line in Radnor, PA. Get the details in this week's deal-tracker.
MORRISTOWN, NJ—Hollister Construction Services recently completed the complicated transformation of the historic Vail Mansion in downtown Morristown into Jockey Hollow, a new, four-part restaurant. Watch our exclusive video tour of the new restaurant, and interview with Hollister Construction executives.
LANSDALE, PA—GSH Group will deliver operations and maintenance services at a former Ford Motor Company electronics plant in Lansdale, PA, owned by Advance Realty and joint-venture partner, The Davis Companies.
MOUNT OLIVE TWP., NJ–River Drive Construction has completed the fit-out of 19,400-square-foot space for DSRV Inc. at 330 Waterloo Valley Road, Mount Olive Township, NJ. DSRV is relocating to New Jersey from Georgia.
VALLEY FORGE, PA—UGI Energy Services has submitted a pre-filing request to the Federal Energy Regulatory Commission (“FERC”) to approve plans to construct an approximately 35-mile pipeline to bring additional interstate natural gas supplies, potentially including supplies produced in the Marcellus and Utica shale regions, to growing natural gas markets in central Pennsylvania.
SOUTH ORANGE, NJ–EEA Industries has acquired a half-acre redevelopment parcel for $2.2 million, encompassing 110-120 West South Orange Avenue and 10 Church Street. A mother and daughter sales team from The Kislak Company joined forces to represent buyer and seller in the transaction.
