GREAT EGG HARBOR, NJ—Great Lakes Dredge & Dock Corporation has been awarded contracts for projects along the New Jersey shore with an aggregate value of over $185 million. Other project expansions could boost the dredging company's revenue from the work to more than $200 million.
PHILADELPHIA, PA—New York real estate investment firm Nightingale Properties has added its fourth Center City property with the acquisition of 1635 Market Street, a 19 story, 286,574 sq. ft. building that was originally developed as a regional headquarters for IBM.
FORT LEE, NJ—Pantzer Properties has acquired The Crest at Fort Lee, a 351-unit, 13-acre multi-housing community in Fort Lee, NJ, from Capri Capital Partners, LLC, for $120 million, or approximately $341,880 per unit, free and clear of any existing debt. HFF arranged the sale for Capri.
TRENTON, NJ—A bill that would end the raiding of Urban Enterprise Zone dollars to fill gaps in the state budget was approved Monday by an 8-4 vote of New Jersey Senate Budget and Appropriations Committee. It now heads to the full Senate for consideration.
WEST ORANGE, NJ—Francis J. Giantomasi, one of New Jersey's top real estate and redevelopment attorneys, is joining Wolff & Samson as a member – and he's bringing his son and daughter to the firm.
KING OF PRUSSIA, PA—Morgan Properties has named Jeffrey Weissman, an industry veteran with extensive financial industry background, as its senior vice president of Operations.
MANAYUNK, PA—J.G. Petrucci Company Inc. has expanded its multi-family portfolio with the completion of The Station at Manayunk, a first-class 149-unit LEED certified luxury apartment community located at 1 Parker Avenue in Manayunk, Pennsylvania.
HARRISBURG, PA—Wallace Roberts & Todd, an integrated design firm of architects, landscape architects and planners, has received AIA Pennsylvania's Architectural Excellence Award for the Hoover-Mason Trestle Steel Walk it designed as part of Bethlehem's redevelopment of steel mill properties as cultural arts and entertainment spaces.
ISELIN, NJ—Four properties owned by Home Properties, Inc. were recognized with “Excellence in Curb Appeal” Awards at the 21st annual Garden State Awards of Excellence of the New Jersey Apartment Association. Home Properties owns and operates 13 NJAA-member communities totaling more than 3,500 apartments in the New Jersey area.
HACKENSACK, NJ—Susan C. Karp, a member of the Hackensack law firm Cole, Schotz, Meisel, Forman & Leonard, has been elected president of Commercial Real Estate Women of New Jersey (CREW NJ), a state chapter of the largest commercial real estate network dedicated to the advancement of women in the industry.