PHILADELPHIA–Meridian Capital Group secured mezzaine and acquisition financing of $43.4 million for Treetop Development's purchase of the 496-unit Charter Court apartment complex.
PHILADELPHIA-Pennsylvania Gov. Tom Corbett announced that the state successfully lured Dietz & Watson to build a $50 million facility here rather than rebuild at the site of its Delanco, NJ, distribution center demolished by fire last September.
CONSHOCKEN, PA–Work has begun on redevelopment of the vacant Verizon building here, which Keystone Property Group will transform into offices and retail shops, plus a new Borough Hall and police headquarters.
FEASTERVILLE, PA–Charged with Fair Housing violations, Brotman Enterprise real estate reached a conciliation agreement with the HUD to pay a fine and get training for its employees..
EAST BRUNSWICK, NJ—Kislak Co. marketed and sold an eight-property mixed-use portfolio of buildings along Raritan Avenue to a local business owner in a deal that took a long time due to an environmental remediation at one of the properties.
BALA CYNWYD, PA-Keystone Property Group and Mack-Cali Realty Corp. closed on the first part of a major joint-venture agreement made months ago, with a $71.6 million deal transferring ownership of three New Jersey office properties to Keystone.
NORTH PLAINFIELD, NJ–This year's annual survey of retailers by Levin Management displays attitude adjustment in process: Respondents say business was lackluster until a strong Memorial Day weekend, leading a majority to be optimistic about the rest of 2014. GlobeSt.com got an early peek at survey results.
GLASSBORO, NJ—GlobeSt.com has learned that a large, newly renovated student housing complex adjacent to Rowan University here has been acquired by a private investor for $19.1 million.
ROCHELLE PARK, NJ–Case Real Estate Capital , a private direct lender based here, is expanding services to include purchase of notes, judgments, liens and distressed and bank-owned properties.
MONTVALE, NJ–An older office building here has found a new owner in the JD Companies real estate development firm, which will relocate its headquarters to the property. The match was made by Cushman & Wakefield.