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

By Christopher Moore & Joe Latina, LMT Commercial Realty, LLC/CORFAC International Many sectors of commercial real estate have recovered substantially since COVID, with rising base rental rates in industrial, increased rents in multifamily and positive retail absorption. Downtown office, especially class B and C have faced challenges, while class A suburban office has been very active. Unfortunately, all the classes of commercial real estate have faced challenges with rapidly

Northeastern PA ranks #6 in the United States for economic development Pittston, PA — For the sixth consecutive year, Northeastern Pennsylvania has been recognized among the nation’s top-performing regions for economic development in the 2025 Governor’s Cup Awards, produced annually by Site Selection Magazine. The Governor’s Cup rankings measure completed economic development projects across the United States and serves as one of the most respected benchmarks in the industry

Ethiopian borrower overcomes challenges of sourcing financing for real estate investment Baltimore, MD — Kennedy Funding has closed a $1.12 million loan to finance the acquisition of a 19-unit apartment building in Baltimore, Maryland, for a foreign national investor. The Ethiopian borrower, Cityana International Business, LLC, led by Sisay Menji Assena, is acquiring the property at 1214 Walker Ave. in northeast Baltimore. Because the borrower is a foreign national, securing

HOBOKEN, NJ — Marcus & Millichap announced the sale of a mixed-use retail and residential building in Hoboken, for $3,470,000. “This marks our third successful closing on Washington St. in the past 60 days,” said Devin Perez, associate director investments. “Investor demand remains strong for well-positioned mixed-use properties along this premier retail corridor, supported by Hoboken’s underlying fundamentals and long-term retail outlook.” Perez, Alan Cafiero and Brent Hyld

Fairfield, NJ & Dallas, TX — NAI James E. Hanson negotiated the $8.8 Million sale of a 20,000 s/f cold storage facility located at 4910 Joseph Hardin Dr. in Dallas, TX. The transaction was completed as part of a 1031 exchange following the recent sale of 8 Evans St. in Fairfield, NJ. NAI James E. Hanson’s Michael Walters, SIOR, executive managing director, Corporate Services, and Cameron Silverstein, associate VP, represented the buyer, Anderson & Vreeland Realty Corp., in th

555 Blackwood-Clementon Rd. in Lindenwold South Jersey — Vantage Commercial, an affiliate of TCN Worldwide, announced recent transactions in southern New Jersey. 555 Blackwood-Clementon Rd. in Lindenwold has sold. Ken Richardson, VP/partner, and John Doss, Sr. advisor, represented the seller. In a separate transaction, Vantage Commercial announced a new retail lease at Sharps Run Shopping Center in Medford, welcoming Struggle Monkey Cafe to Sharps Run Shopping Center in Medfo

Hackettstown, NJ — Azarian Realty Co. is excited to announce that Mountain Plaza in Rockaway, NJ, has reached 100% occupancy with its newest signed lease with La Casa Del Taco. Mountain Plaza is a one-story center with five stores and five apartments overhead on a second-story. It has a GLA of 7,229 s/f with 50 parking spaces. La Casa Del Taco will take over a 1,500 s/f space that was formerly occupied by Subway. They will be serving casual quick service restaurant offerings

LEMOYNE, PA — Campbell Commercial Partners announced a new lease to Presence Bank, a division of Wayne Bank, at 395 St. John’s Church Rd. The property is owned by Med Comm Properties LLC. The 2,660 s/f space will serve as a relocation of their loan production office. Presence Bank became a division of Wayne Bank on January 5, 2026. The Bank will operate as a division of Wayne Bank until April 13, 2026, when it will fully merge into Wayne Bank. The transaction was facilitated