PARSIPPANY, NJ—Marcus Capital Partners' $2.6 million-capital improvement program has led to three tenant lease renewals at Waterview Plaza in Parsippany just six months after Marcus acquired the 130,000-square-foot office property.

PHILADELPHIA—Commercial real estate developers around the Northeast are more interested in Philadelphia because of its lower cost of living and the ability to earn money from projects here, according to industry leaders on the opening panel at yesterday's RealShare Philadelphia conference. More than 300 industry participants attended the program.

TEANECK, NJ—A long-time tenant at Glenpointe Centre East in Teaneck, DFW Capital Partners, has renewed its 4,800-square-foot headquarters lease. The private equity investment firm has been a tenant since 1994.

NEWTOWN SQUARE, PA—Equus Capital Partners and its investment partner in Ellis Preserve in Newtown Square, PA have decided to offer the existing 600,000 square feet of office buildings for sale, monetizing an investment that is now 98 percent occupied.

JERSEY CITY, NJ—A $40.2 million affordable housing rehabilitation project will be getting underway at Brunswick Estates, a 32-year-old income-restricted community of nearly 400 residents, with the completion of financing for the complex, multi-partner development effort.

MONTVALE, NJ—FC USA, a wholly owned subsidiary of Flight Centre Limited in Australia, which includes 14 brands spanning retail, wholesale and corporate travel in its portfolio, will be creating its own little corner of the world with a novel, geographic-themed office complex in its newly leased space at 5 Paragon Drive in Montvale, NJ.

PHILADELPHIA, PA—Chris Heck, the chief revenue officer of the Philadelphia '76ers basketball team, has been added to the agenda as a member of the “Build, Rebuild, Renew” panel at ALM's RealShare Philadelphia Conference tomorrow, February 9, at the historic Union League Club.

TOTOWA, NJ—As part of the $5 million worth of upgrades just completed, Tulfra Real Estate and Hampshire Companies are converting part of the mixed-use property at 930 North Riverview Drive in Totowa that Tulfra acquired a year ago into a self-storage facility.