SUMMIT, NJ-A new four-story office building with ground-floor retail will rise on Springfield Avenue downtown, courtesy of developers Mark Yeager and Normandy Real Estate Partners who built the Summit Executive Center nearby in 2012.
SOMERSET, NJ-The winners of Deal of the Year awards at NAIOP's 27th annual awards gala here included the NJ Center of Excellence campus rebranding in Bridgewater, GAF's relocation to a renovated headquarters building in Parsippany and NFI Park's development of two new industrial facilities in Florence.
MERCHANTVILLE, NJ—As investors increasingly seek multi-family properties in the Philadelphia submarket, The Kislak Co. had no problem finding a buyer for an apartment building here that has a bus stop out front.
NEWTOWN SQUARE, PA-An office building at the Ellis Preserve campus here has gotten a $33.9 million recapitalization through Joseph Merrill Capital of New York City.
TRENTON, NJ–A restaurant that was destroyed by Superstorm Sandy and subsequently moved inland to operate a pay-as-you-can community kitchen for Sandy victims.
MONROE, NJ–Walker & Dunlop arranged a $14.5 million three-year bridge loan for a joint venture partnership that is upgrading the Chelsea at Forsgate assisted living facility here.
SOMERSET, NJ-Tonight at the Palace at Somerset Park here, several of the honorees are already known, although the Deal of the Year awards in three categories will be a surprise.
PHILADELPHIA—The 37-story office tower 1818 Market St. in Center City was facing foreclosure in 2012 when Sovereign Capital Management Group bought it and invested in upgrades. Now the building is being marketed as a hot property.
FAIRFIELD, NJ-Panasonic leased a 750-square-foot section of the Unique Photo Store here to debut a new retail concept, the “products lounge,” where it will market its Lumix camera line.
