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PARSIPPANY, NJ—The IMS Health global headquarters at 100 IMS Drive, Parsippany, NJ, has been sold to a Washington, DC-area developer for $22.2 million, in a deal brokered by Stan Johnson Company. The medical office building consists of 83,477 square feet on 2.92 acres.
RADNOR, PA—Brandywine Realty Trust, continuing with its previously announced strategy of selling non-core properties, says it sold a 137-room hotel in Conshohocken, PA, not far from its corporate headquarters in Radnor, and two office properties in Austin, TX.
NEPTUNE CITY, NJ—Tryko Partners is acquiring and renaming Medicenter Rehabilitation & Nursing, 2050 6th Ave., Neptune City, NJ as Coral Harbor Rehabilitation and Healthcare Center. A $2.5 million upgrade is planned.
PARSIPPANY, NJ—As leasing activity continues to accelerate, New Jersey's industrial vacancy rate has dipped to 6.8 percent, the lowest level in more than a decade, according to Transwestern's Jeff Furey and Matt Dolly in the firm's Fourth-Quarter 2015 Industrial Market report.
EASTON, PA—Lehigh Manor, a 75-unit garden style apartment complex located in Easton, PA, has been sold for $4.715 million, approximately $63,000 per unit and more than 99 percent of the original list price.
PHILADELPHIA, PA—Arthur P. Pasquarella, CRE, executive vice president and chief operating officer, Equus Capital Partners received the 2015 James D. Landauer/John R. White Award from The Counselors of Real Estate professional association for his significant contributions to the community.
BRIDGEWATER, NJ—Hasbrouck Heights-based DMR Architects is helping design two expansion projects for Hunterdon Healthcare as the healthcare provider extends its coverage area into Somerset and Warren Counties.
EAST RUTHERFORD, NJ—With leasing at its highest annual total in a decade (10.9 million square feet), the New Jersey office market capped 2015 with continued progress, says Andrew Judd, Cushman & Wakefield's NJ market leader. Jason Price, Cushman & Wakefield's research director, sees positive momentum across all market fundamentals heading into the new year.
HILLSIDE, NJ—Cushman & Wakefield employees sorted nearly six tons of donated food product during a company-sponsored holiday season volunteer project at the Community Food Bank of New Jersey in Hillside.
EAST BRUNSWICK, NJ—CW Solutions, the New Jersey-based woman-owned firm providing real estate services to the utilities and wireless telecommunications industries, achieved record growth in revenue and the size of its team in 2015.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource