BLACKWOOD, NJ-Marcus & Millichap arranged the sale of the Camden County Health Services Center at auction for $37 million, which was $11 million over the minimum price.
PHILADELPHIA-Hersha Hospitality Trust sold a dozen hotels in a 'non-core' portfolio in the Northeast and picked up two hotels in Santa Barbara and South Beach this week.
TRENTON, NJ-The 2.5% fee commercial developers have to pay into municipal trust funds for affordable housing would be waived through the end of next year under a bill approved Thursday by the Assembly.
WOOD-RIDGE, NJ-The huge mixed-use community being developed around a new NJ Transit station under construction here is moving into a second phase of residential development with for-sale townhomes.
TRENTON, NJ-Moody's told investors it is now taking a "negative" view of New Jersey's debt, as revenue is running behind projections and costs are rising rapidly.
JENKINS TOWNSHIP, PA-A company that operates government health and human services programs took 64,000 square feet in Mericle's business park here, more than half of a building that went up on spec'.
PHILADELPHIA-Locally-based Dranoff Properties and SBE Entertainment Group of Los Angeles will build a 47-story hotel/apartment tower across from the Kimmel Arts Center.
BRIDGEWATER, NJ-The office market has been improving this year, although the vacancy rate is still above 20%; Valeant's take of 300,000 square feet at SJP Properties' corporate center in Bridgewater last week was 3013's biggest transaction to date.