New Jersey
Cuomo, Murphy Outline States’ Reopening Plans, But Not Timetables
Noting that ”this is not a homogenous state,” New York Gov. Andrew Cuomo said Monday that some regions of the… Read more
Bally’s Atlantic City Casino Trades for $25M
Caesars Entertainment Corporation and VICI Properties Inc. have agreed to sell the Bally’s Atlantic City Hotel & Casino to Twin… Read more
P3’s Parsippany Deal Lands $60M Bridge Loan
JLL arranged $59.975 million in financing for Morris Corporate Center 1 & 2, a two-building, Class A office complex totaling 550,000… Read more
Panera Bread in Joliet Trades in 1031 Exchange
Marcus & Millichap finalized the sale of a 5,077-square-foot Panera Bread in Joliet, IL. The retail property sold for $4,325,000. Austin Weisenbeck and… Read more
Villanova Team Takes Top Honors in NAIOP NJ Student Challenge
Villanova University took top honors and the $5,000 prize in NAIOP New Jersey’s Sixth Annual University Challenge Case Study Competition. The students… Read more
Eastern Union Gives Clients Free Help on PPP Loans
In advance of the Paycheck Protection Program (PPP) being replenished, the Eastern Union team has been working around the clock… Read more
Colliers Retail Veteran Nancy Erickson Joins Florida Team
Colliers International broker Nancy Erickson, who for years has been one of the Northeast’s top retail brokers, has shifted south.… Read more
Hanley’s Lefko and Asher Sell BofA Branch in Twin Cities
Hanley Investment Group Real Estate Advisors completed the sale of a newly- constructed, single-tenant Bank of America in the Twin Cities… Read more
Tire Supplier Re-Ups on 234K-SF Warehouse Lease
American Tire Distributors Inc. (ATD) has extended its 233,669-square-foot lease at ML Realty Partners’ 9450 Sergo Dr. in McCook, IL.… Read more
CapRate Completes $10M MF Deal in Lake Worth, FL
Tropical Villas Apartments, a 68-unit, garden-style rental community in Lake Worth, FL, has traded hands for $9.5 million, or $139,705-per-unit.… Read more
C-Store Royal Farms Adds 2 MD Locations
KLNB recently facilitated the opening of two new Royal Farms in Maryland. Principals Ryan Minnehan and Patrick Miller represented the convenience store chain… Read more
JLL Tapped to Lease Up Former Toys ‘R’ Us Headquarters
JLL was selected by Dobco Inc. to lease up One Geoffrey Way, the former headquarters of Toys ‘R’ Us in… Read more
Denholtz Claims 9-Building Tampa Flex Property
Red Bank, NJ-based Denholtz Properties secured $18.6 million in financing for the acquisition of Thompson Center Waters, a nine-building flex… Read more
Gebroe-Hammer Tallies $316M in Q1 MF Sales
Multifamily brokerage Gebroe-Hammer Associates, based in Livingston, NJ, tallied $316.4 million in sales during the first quarter. The firm arranged… Read more
Massachusetts Joins Regional Group on Reopening State Economies
Massachusetts Gov. Charlie Baker said Tuesday the commonwealth had joined the group of six neighboring Northeastern states to develop a… Read more
Stanley Chera, Crown Acquisitions Founder, Dies at 78
Crown Acquisitions founder Stanley Chera died Saturday after a nearly month-long battle with the novel coronavirus, the New York Post… Read more
States on East, West Coasts Forge Regional Pacts to Restart Economies
Led by New York State, six East Coast states have agreed to partner on a strategy to slowly reopen their… Read more
Grocery-Anchored Denville Retail Changes Hands
Cushman & Wakefield finalized the sale of Denville Commons, a 73,000-square-foot grocery-anchored shopping center in Denville, NJ. The capital markets team of Andrew Merin, David Bernhaut,… Read more
NY, NJ Governors Say COVID-19 Curves are Flattening
Despite new one-day highs in their states’ death tolls from the coronavirus, New York Gov. Andrew Cuomo and New Jersey… Read more