MORRISTOWN, NJ—G.S. Wilcox & Co. has arranged $87.1 million in securitized financing backed by nine hospital and medical buildings in eastern Pennsylvania that is believed to be the first such securitization.
NEW BRUNSWICK—The multifamily asset class may be getting overbuilt, and developers should be thinking about how to react if consumers change the way they look at their shelter needs, said members of the New Development, Redevelopment and Repositioning panel at last week's RealShare New Jersey conference.
PHILADELPHIA, PA —Comcast has selected Gensler, the global design firm, to develop the interiors of the new Comcast Innovation and Technology Center in Philadelphia.
NEW BRUNSWICK, NJ— The current zero interest rate environment that is the policy of the Federal Reserve Board is harmful to economic growth, and “crushes most Americans who want to be savers,” says Jeff Bell, GOP candidate for the US Senate, who opened the RealShare New Jersey Conference with keynote remarks.
JERSEY CITY, NJ—Poskanzer Skott Architects recently completed the design of childcare provider River School's newest location at 256 Warren Street in Jersey City. According to Barry Poskanzer, AIA, one of the best parts of the project was the ability to exercise a sense of youthful creativity to produce an environment that promotes learning, comfort and fun.
HACKENSACK, NJ—In response to demand among smaller firms looking for turnkey high-quality office space, Alfred Sanzari Enterprises, owner and manager of the Court Plaza South in Hackensack, is now offering opportunities to lease flexible-term, pre-built office units ranging in size from 462 to 2,320 square feet.
MALVERN, PA—Liberty Property Trust has begun development of eight industrial projects totaling 2.2 million square feet so far in the third quarter. Liberty says the starts represent a projected total investment of $150 million. Liberty also said it completed two large leases totaling 1.2 million square feet in industrial properties in Pennsylvania.
MONTVALE, NJ—CBRE Group's Capital Markets Debt & Structured Finance team has completed a $6.2 million first mortgage secured by 3 Paragon Drive, a class-A suburban office building in Montvale, NJ.
TEANECK, NJ—Dallas-based advertising giant Moroch Partners will stay at The Atrium at Glenpointe, 400 Frank W. Burr Blvd. In a transaction completed by Cushman & Wakefield, Moroch has agreed to renew its 5,700-square-foot space at The Atrium.
