New Jersey

“This is a well-located, quality office property with significant upside potential via lease-up of its available space,” says Jacklene Chesler of the Colliers investment team. “The price provides the new buyer with an attractive opportunity to leverage its value-add position.”

"We recognize the strong growth trajectory of the Mercer County market and the unique prospects presented by this property," says Stephen Cassidy, president of Denholtz Associates.

Decillis will focus on agency leasing, tenant representation and multimarket account work.

“Regardless of where multifamily assets are located, as long as they are near – and transit accessible to – employment centers, they are competitively bid upon,” says Gebroe-Hammer's Ken Uranowitz.

Icahn sells Tropicana Entertainment's real estate to Gaming and Leisure Properties and merges its gaming and hotel operations into Eldorado Resorts.

The spend is part of Walmart's total capital expenditures guidance of approximately $11 billion for fiscal year 2019.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

The Hudson Waterfront and Somerset/I-78 East Corridor weighed heavily on the market, and, as a result, the office sector overall registered its slowest first quarter in more than two decades.