The Most Comprehensive Source for Commercial Real Estate News in the Region 

Reading, PA — The Greater Reading Chamber Alliance (GRCA) announced that Alex Roché, GRCA’s director of Advocacy, has been appointed to the Reading Housing Authority (RHA) Board of Commissioners. “It is an honor to work with the Reading Housing Authority in this new capacity. The Housing Authority played an important role in the beginning of my career, giving me an early appreciation for the importance of quality, affordable housing and its impact on individuals, families and

Philadelphia, PA — SITIO architecture + urbanism announced that Elizabeth Mahon, AIA, has joined the firm as managing principal. In her new role, Mahon will work closely on the design and development of individual projects, collaborating directly with the firm’s principals and design team. “Elizabeth brings the design leadership and market experience SITIO values at this stage of our growth,” said Antonio Fiol-Silva, FAIA, founding principal of SITIO. Mahon joins SITIO after

WASHINGTON, DC — Redgate announced the hiring of Jay Corbalis as director. Reporting to executive VP and Mid-Atlantic market lead Leif Dormsjo, Corbalis will serve as a real estate advisor supporting clients across a broad range of redevelopment, infrastructure, transportation, and public-sector initiatives. As director, Corbalis will support several of Redgate’s transit-oriented development assignments, including the State Center redevelopment in Baltimore City, New Jersey T

FAIRFAX, VA — Aggregate Real Estate Investors has completed the $58 million acquisition of an 11-property commercial real estate portfolio in Northern Virginia from Clarke-Hook Corporation. The assets, contained within four separate business communities in Fairfax and Loudoun counties, consist of nearly 320,000 s/f of retail and industrial space, feature more than 90 tenants, and were cumulatively 94% leased at the time of the transaction. The tenant mix includes retailers, r

Dwight Mortgage Trust provides financing for 216-unit multifamily property JACKSON, NJ — Drew Capital, a commercial real estate finance firm based in Jackson has arranged a $70-million, non-recourse, interest-only loan for Cosmo 440, a 25-story, 216-unit multifamily property located at 440 Elizabeth Ave. in the Weequahic neighborhood of Newark, NJ. The loan was arranged by Akiva Drew, founder and principal of Drew Capital, which has been involved with the property through mul

Gaithersburg, MD – KLNB announced the $3,350,000 sale of 831 Russell Ave. in Gaithersburg. KLNB Principals Ken Fellowsand Rob Pugh, alongside VP Lucas Glaeser, represented the seller, Finmarc Management, a client that Fellows has worked with for nearly 20 years. Don Vicini and Josh Vicini acquired the 12,155 s/f commercial property, which will be occupied by 21st Century Distributing. The electronics wholesaler will use the space to support its growing audio/video, smart home

HUNTINGDON VALLEY, PA — Industrial Investments, Inc. announced the completion of a multi-year lease with Comer & Cross at 474 Pike Rd., a 19,200 s/f light industrial building in Huntingdon Valley. Comer & Cross has leased 6,450 s/f at the property, keeping the building to 100% occupancy. The transaction further underscores the continued demand for well-located, functional light industrial space throughout the Greater Philadelphia market. 474 Pike Rd. offers flexible industria