New Jersey

Capstone On-Campus Management of Birmingham, AL has been selected by Radnor and Harrison Street and has been approved by Lafayette to manage and maintain the property once it opens in the fall of 2020.

The long-standing CRE firm is rebranding itself as Denholtz Properties. The firm has scheduled a ribbon cutting for tomorrow for its new headquarters at 116 Chestnut St. in Red Bank where a host of state and local dignitaries are expected to attend.

Built in 1951, the garden apartment-home community is located in New Providence on the northwestern edge of Union County and is near the New Providence Train Station, as well as major highways.

At a special meeting last week, the board authorized the university administration to negotiate a public/private partnership with the Atlantic City Development Corp. for the development and financing for the phase two housing project.

Invesco, which last week completed the acquisition of MassMutual's asset management affiliate OppenheimerFunds in a deal reportedly valued at $5.7 billion, will be adding 500 jobs and investing $70 million as part of its major expansion in Atlanta.

Svizeny will lead OceanFirst's expansion in the metropolitan Philadelphia market area, which the $8-billiom bank states is a strategic priority.

The $17.3-million purchase was financed by BlueHub Capital, formerly known as Boston Community Capital, using Capital Magnet Funds from the U.S. Department of Treasury, and by Citi Community Capital, using a combination of Affordable Housing Catalyst funds and acquisition bridge debt financing.

Larger trends show office growth is slowing but there are clear signs of expansion in certain submarkets.