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.
The partnership between Potomac, MD-based Foulger-Pratt and Cerberus Capital Management of New York City purchased One Discovery Place from Discovery Communications.
The purchase of RKF, according to Robert K. Futterman, who will serve as chairman of Newmark RKF, Newmark's retail leasing division, will bring Newmark Group “one step closer to creating a platform that will reshape and significantly impact the retail industry.”
Balfour Beatty Communities reports it will perform property management services at Ridgeland Place and will invest in a number of capital improvements at the property.