Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
“While the company continues to believe that an amicable resolution of Bow Street's expensive and disruptive proxy contest would be in the best interests of the company and its stockholders, in these circumstances, the company had no choice but to terminate settlement discussions with Bow Street,” Mack-Cali Realty states.
Catalyst is also seeking to add services such as job-training programs, community health clinics, pre-kindergartens and affordable grocery stores to its developments.
The Livingston, NJ-based firm reports that in the past 12 weeks it has arranged 11 urban-core sales totaling more than $36.85 million that involved more than 226 units spanning Elizabeth, East Orange and Orange markets.
Kimmerle Newman Architect's 111 Littleton Road, a three story, 36,389 square-foot office building located in the heart of Parsippany, NJ was converted from a tired Class C building into a modern Class A structure, and was nominated and won a Good Neighbor Award from the New Jersey Business & Industry Association as well.
The project includes the company's purchase of a 148,000-square-foot building in Pottsville, which is expected to create 100 new, full-time jobs over the next three years.
Following the proptech company's recent $90 million fundraising round, insiders discuss how the software could reduce commissions and demand more from brokers.
The deal for the three-building complex—610 Main St. North, 1 Portland St. and 700 Main St.—totals 676,917 square feet and an associated 650-space parking garage.