ELIZABETH, NJ––Community Access Unlimited has been taking a novel approach to affordable housing advocacy work for several decades. CAU, which provides services for people with disabilities and other vulnerable populations, is one of the first nonprofits in the nation to pursue directly the federal low-income housing tax credit to acquire property.
SADDLE BROOK, NJ—New Jersey office tenants fell hard and fast for top quality, class-A assets in the fourth quarter, according to CBRE Group's Q4 2015 New Jersey Office MarketView Report. While class A product accounts for 54.9 percent of the state's total inventory, New Jersey's class A properties attracted more than their fair share of office demand, capturing almost two-thirds of the state's total leasing velocity.
EATONTOWN, NJ—Kushner Companies is planning a $500-million redevelopment of Monmouth Mall, which the firm described as the largest single private investment in Eatontown's history.
PHILADELPHIA, PA—Redevelopment in Philadelphia can be perplexing and confusing to outsiders because of the lack of transparency regarding taxes, assesments, and how assets are perceived, according to panelists on the “Build, Rebuild, Renew” panel at ALM's RealShare Philadelphia Conference February 9 at the historic Union League Club in Philadelphia.
BRIDGEWATER, NJ–Linde Americas, one of the world's largest producers of gases, is relocating its Americas headquarters from New Providence to 115,900 square feet of office space in Somerset Corporate Center II in Bridgewater, NJ.
PHILADELPHIA, PA—Investors in the new mixed-use marketplace are looking for “that specific, special asset,” with extensive amenities, according to José Cruz, a senior managing director at HFF. Cruz was one of the industry leaders on the “Live, Work, Play: The Areas Teeming with Activity” panel at Tuesday's RealShare Philadelphia conference.
PHILADELPHIA—Good real estate fundamentals are what's driving the commercial real estate market in Philadelphia, according to most of the industry leaders on the Capital Markets panel at Tuesday's RealShare Philadelphia conference, produced by GlobeSt.com's parent ALM Real Estate Media, at the Union League Club in Center City.