YARDLEY, PA—Advalurem Group has acquired an ownership interest in 1000 Floral Vale, a class A, LEED Gold-certified office building located in Yardley, PA.

CHATHAM, NJ–Shipco Transport, a transportation and logistics solution company, and Sadaka Associates, a law firm, have both acquired new office space in northern New Jersey.

BAYONNE, NJ–SilkLofts, a unique rental conversion with an unusual array of lifestyle amenities, is moving into Bayonne, offering competition to similar high-end properties in Jersey City and Hoboken.

MADISON, NJ—Prudential Real Estate Investors has named James Glen a principal and portfolio manager for its core U.S. real estate fund. PREI, among the world's largest real estate investment management and advisory businesses, is a business of Prudential Financial.

MATAWAN, NJ–Cushman & Wakefield is the exclusive advisor to an affiliate of Denholtz Associates in arranging the recapitalization of Metro Park South, 100 Matawan Road in Matawan, NJ. The $20.7 million transaction involved securing joint venture equity from Palatine Capital Partners.

WHIPPANY, NJ—Vision Real Estate Partners is bringing bike-sharing to the suburbs at its Crossings at Jefferson Park, in the Whippany section of Hanover Township. The company this month introduced an onsite B-cycle station, from which employees of tenants at the 525,000-square-foot office campus can rent bicycles by the hour.

NEW BRUNSWICK— Scarcity in virtually all industrial property classes is making tenant concessions shrink and pricing rise, said members of the Industrial Leaders panel at RealShare New Jersey last week.

NEWARK, NJ—C&K Properties' 2 Gateway Center, a class A office tower in the heart of Newark's central business district, has become the first commercial building in New Jersey to achieve Platinum certification by WiredScore for its technological superiority.