For Gebroe-Hammer, the sale marks a milestone: the firm surpassed the 4,000-unit mark in multifamily sales for Middlesex County, NJ over the past 24 months.
As Philadelphia market director, Morrone will be responsible for overall product quality and delivery across all business lines, focusing on clients, business development, recruiting, and market growth for the Americas and international clients.
The second quarter marked the 18th consecutive quarter in which the Northern and Central New Jersey industrial market posted net occupancy gains, says Jason Price, Cushman & Wakefield's Research Director, Tri-State Suburbs.
Since 2003, Nuts.com has grown from four employees and offering roughly 100 items to employing nearly 180 individuals nationally and carrying approximately 4,000 products.
Radnor's work on 3737 Chestnut earned the Urban Land Institute's Willard G. “Bill” Rouse III Awards for Excellence for its ability to convert church owned property into a lucrative mixed-use project.
“Together with Onyx, we were able to create truly unique office product that was ideal for a large tenant desiring a headquarters-quality office campus,” says Stephen Card of Rubenstein Partners.
“Second-quarter leasing velocity in New Jersey outpaced the first quarter, with new deals making up two-thirds of the transactions,” says Matthew Dolly, Transwestern's New Jersey research director.
"Ultimately, we want to provide uses that will better serve the neighborhood and are excited to work towards delivering a quality project that residents of Northeast Philadelphia can be proud of,” says Michael Cooley, vice president of real estate for The Provco Group, which is redeveloping the site.
“Peykar Family Properties hopes to capture the very active e=commerce market, which accounts for almost half of the new spec product being built,” says Cushman & Wakefield's Danzig. “The building, however, could accommodate any use, food or consumer products.”
