TEANECK, NJ—Hanwha International is moving its headquarters to the Glenpointe Centre, but landlord Alfred Sanzari Enterprises says the office market remains weak. It has switched its next development plan at Glenpointe from office to hotel.
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.
MONTVALE, NJ—Accordia Realty Ventures signed two small, but significant leases at its recently repositioned 305 West Grand Ave. medical office building.
ATLANTIC CITY, NJ-Despite what some say is an already saturated gaming market in the Northeast, expansion is continuing in terms of new bricks and mortar casinos as well as new entrants in the online gaming arena.
