KING OF PRUSSIA, PA—New York-based Candlebrook Properties, which owns apartment properties throughout New York and New Jersey, is expanding into the Philadelphia market with the opening in King of Prussia of 251 DEKALB, a luxury high rise of 641 apartments that will feature high-end finishes and amenities.
SADDLE BROOK, NJ—The New Jersey office market ended the second quarter with a significant reduction in availability and an improvement in total net absorption, according to CBRE's Q2 2014 New Jersey Office MarketView Report.
PHILADELPHIA, PA—Michael J. Sher has joined Colliers International as senior managing director of the Healthcare Services Group. In addition to the Colliers Philadelphia healthcare team, Colliers Healthcare Services Group includes over 75 professionals across the United States.
VALLEY FORGE, PA—The Dow Hotel Company, a Seattle-based hotel owner/investor and operator of 11 first-class, full-service hotels throughout the United States, has been named the manager of the DoubleTree by Hilton Hotel Philadelphia-Valley Forge.
EATONTOWN, NJ—Vietnamese noodle restaurant Pho 99 and nail salon Affinity Nails & Spa have leased a combined 7,700 square feet of space at Eatontown Plaza in Eatontown. Levin Management is exclusive leasing agent for the 30,000-square-foot center. The lease signing brings Eatontown Plaza to 100 percent occupancy.
NEW BRUNSWICK, NJ—Republican U.S. Senate candidate Jeff Bell will keynote RealShare NEW JERSEY, the annual conference for New Jersey's commercial real estate movers and shakers, at New Brunswick's Hyatt Regency on Sept. 11. The industry's premier educational and networking conference is hosted by ALM's Real Estate Media Group, publishers of GlobeSt.com and Real Estate Forum.
LYNDHURST, NJ —Vermella Lyndhurst, a 296-apartment community that opened in March 2013, is now complete with four residential buildings and an 8,000 square foot clubhouse, and is more than 93% leased.
HARRISON, NJ—HornRock Properties, a privately run real estate development firm led by Maurice and David Hornblass, is developing a 270+ unit apartment building in Harrison, NJ, that will include 15,000 square feet of retail space.
EAST RUTHERFORD, NJ—Upscale tenants continue to seek quality, well-located space, says Nancy Erickson, director for Cushman & Wakefield. C&W has picked up three new leasing agency assignments in Morris, Essex and Hudson counties.
FAIRLESS HILLS, PA—Hidden Forest Apartments, 602 Hidden Forest Ct., Fairless Hills, PA, was been sold to a private Investor by TGM Associates for $21,300,000, or $89,496 per unit.
