PHILADELPHIA-The two companies that own One and Two Commerce Square announced a merger, and Brandywine Realty Trust stepped up to acquire the trophy towers in which it already holds an interest for $332 million.
MORRISTOWN, NJ-As it takes over responsibility for upgrading the U.S. Golf Association's headquarters in Far Hills, Avison Young hired the construction manager who has been overseeing USGA projects for several years.
NEWARK, NJ-The New Jersey Institute of Technology wlll renovate a century-old high school building here as a new part of its campus focused on science, technology, engineering and mathematics.
LIVINGSTON, NJ-The retail corridor along Route 10 had the highest vacancy rate - over 13% - of any highway in northern and central New Jersey, according to R.J. Brunelli's newest annual survey.
ASBURY PARK, NJ-The shore was light on visitors this season as a result of post--Sandy disruption and change. Summer rental income was down by more than half, according to one report.
KING OF PRUSSIA, PA-A five-building complex at Continental Business Center is being re-faced with more energy-efficient panels and will be re-positioned as Class A space.
PATERSON, NJ-A supermarket washed out in 2011 by Hurricane Irene has been rebuilt so that it is elevated and further redevelopment for commercial use is planned