National

NEW YORK CITY-A recession isn't seen on the horizon next year by Grubb & Ellis executives, but there could be a real estate slowdown.

NEW YORK CITY-A recession isn't seen on the horizon next year by Grubb & Ellis executives, but there could be a real estate slowdown.

FRANKLIN TOWNSHIP, IN-The buildings, which total about 161,000 sf, will have a 10-year real estate tax abatement to attract tenants or buyers.

BOLINGBROOK, IL-The vacant Bolingbrook Corporate Center II is being bought by a joint venture of Bridge Development Partners LLC and McMorgan & Co.

WOBURN, MA-The agreement comes after a difficult third quarter that saw 81,000 sf of negative absorption in the submarket.

WARRINGTON, PA-With the 300,000-sf lifestyle retail portion of its 140-acre project substantially leased, Grasso Holdings begins preleasing a second phase.

LONG BRANCH, NJ-The new construction will add 240 residences, a hotel and 3,800 sf of retail to Applied Development's Pier Village.

NEW YORK CITY-The prewar elevator property with 214 residential units and ground-floor retail space sheds for $400 per sf at a projected 5.2% cap rate.