PHILADELPHIA, PA—The Philadelphia Urban League is to receive a five-year, $1 million community investment commitment from the national Urban League organization. The funds will support job-training for youth and mature workers, college preparation, a jobs network, entrepreneurship support, small business financing and resources, and tax credits, among others.
WEST ORANGE, NJ–Law firm Wolff & Samson PC announced that it has signed a new lease for the firm's One Boland Drive, West Orange, NJ, headquarters, and will take on additional office space as part of the agreement.
CLARK, NJ—Financial product developers–and real estate planners–need to stop thinking about designing their products based on a “pyramidal” approach to demographics, economist Lawrence Cohen told members of the New Jersey Bank Marketing Association last week. Listen to our exclusive audio interview with Cohen in this news report.
GLASSBORO, NJ—Liscio's Bakery, encouraged by $13.5 million in Grow New Jersey tax incentives, is nearly tripling its manufacturing facilities in Glassboro with the acquisition of a 107,364-square-foot industrial building formerly owned by Archer Daniels Midland at 600 Ellis Street in Glassboro, NJ.
CHERRY HILL, NJ—Subaru of America, Inc. has confirmed that it expects to relocate its new corporate headquarters to an all-new development in Camden, NJ. The car maker is seeing state tax incentives for the move, approximately four miles from the company's current location in Cherry Hill, NJ.
PHILADELPHIA, PA—Pennsylvania Real Estate Investment Trust has sold several properties including its 50% interest in Whitehall Mall in Allentown, PA, with an aggregate transaction value of $25 million.
PLAINSBORO, NJ—Onyx Equities has begun a $2 million renovation project at Plainsboro Plaza, a 218,000-square-foot shopping center Onyx purchased in 2013.
MORRISTOWN, NJ—As tenants are expected to begin moving into Mill Creek Residential Trust's Modera 44, a new luxury apartment community today, a Mill Creek executive tells GlobeSt.com exclusively that the development proves that rental developments can benefit a community when executed properly. Listen to our exclusive audio interview with Richard Murphy of Mill Creek.
PHILADELPHIA —Accesso Partners LLC has acquired 1515 Market St., a 20-story, half-million square-foot office tower in downtown Philadelphia that houses Temple University's Center City campus, for $85 million.
PHILADELPHIA, PA–Hatzel & Buehler, the nation's oldest electrical construction company, has renewed and expanded its lease for approximately 8,430 square feet at Ten Penn Center, 1801 Market Street, Philadelphia, PA.
