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Women in Business: Alyson Parker joins Mid Atlantic Real Estate Journal

Shopping Centers Newest Publisher

Nov 1, 2018

Women in Business: Alyson Parker joins Mid Atlantic Real Estate Journal

Linda Christman, CEO of the Mid Atlantic Real Estate Journal is pleased to announce that Alyson Parker will be joining the company as its new Publisher of the Monthly Shopping Center Section. Alyson has extensive experience in commercial real estate sales and will assume her new position in her home office, located in New Jersey end of October. The Mid Atlantic Real Estate Journal is in its 15th year now, and remains the most trusted source in the region for commercial real e

Women in Business: Rebecca Murphy

Marketing Director ROCK Commercial Real Estate

Oct 30, 2018

Women in Business: Rebecca Murphy

Tell us how and when you began your career in the profession you are in? Following a decade-long career in the horse racing industry, I decided it was time for a new challenge so I left the farm life and entered the nonprofit world. Nonprofit work is all about marketing and leveraging strong relationships so I couldn’t have found a better training ground for CRE marketing. I was recruited from the nonprofit to join a global CRE in Baltimore. After spending 13 years with that

NAI Mertz promotes Jonathan
Klear to senior vice president

irst half of 2018

Oct 22, 2018

NAI Mertz promotes Jonathan Klear to senior vice president

MOUNT LAUREL, NJ — NAI Mertz, a full-service commercial real estate firms conducting business throughout the United States, and globally, from its regional offices in New Jersey, greater Philadelphia and northeastern Pennsylvania, announced that Jonathan Klear has been promoted to senior vice president. Klear, who was formerly a vice president with the firm, is based out of the Mount Laurel, New Jersey headquarters. For more than a decade, Klear has specialized in industrial

Gebroe-Hammer arranges sale
of Woodmont Square in Bridgewater, NJ

100 fully occupied COAH and market-rate

Oct 19, 2018

Gebroe-Hammer arranges sale of Woodmont Square in Bridgewater, NJ

BRIDGEWATER, NJ — Gebroe-Hammer Associates has arranged the $32.55M sale of 100 fully occupied COAH and market-rate multi-family units at Woodmont Square Apartments, a newly constructed class A community in Bridgewater. The brokerage team of Greg Pine, executive vice president; Stephen Tragash, senior vice president; and Eli Herskowitz, sales associate, represented the seller, Woodmont Properties at Bridgewater LLC, and procured the unnamed buyer of the courtyard-style garden

Lapides of Bussel Realty brokers sale of
Glendale Business Park in Edison, New Jersey

AEXGroup stays in Linden

Oct 19, 2018

Lapides of Bussel Realty brokers sale of Glendale Business Park in Edison, New Jersey

EDISON, NJ — Bussel Realty Corp. (BRC), an industrial real estate services firm in New Jersey, announced it has arranged the sale of Glendale Business Park in Edison, to an undisclosed buyer for $9 million. Glendale Business Park is comprised of three industrial buildings totaling approximately 68,505 s/f. Earl Lapides, senior vice president of BRC, represented the seller, Glendale Partners, LLP. Sitting on 6.81 acres, Glendale Business Park is a fully-tenanted industrial

RAL Development Services, Phila. officials and local community celebrate groundbreaking

Oct 19, 2018

RAL Development Services, Phila. officials and local community celebrate groundbreaking

PHILADELPHIA, PA — RAL Development Services joined with Philadelphia Mayor Jim Kenney, City Council president Darrell Clarke, the 14th Democratic Ward, Suffolk Construction Company, as well as other local officials and members of the community, for the groundbreaking of 1300 Fairmount, a 14-story, 624,575 s/f mixed-use property developed by RAL Development Services and designed by Philadelphia’s Cope Linder Associates. The property is positioned at the confluence of several

Eleni Jones, Jacob Martin, and Joe Lutz join RGS team

Providing clients with creative site design &

Oct 18, 2018

Eleni Jones, Jacob Martin, and Joe Lutz join RGS team

From sculpting land that shapes a community to solving mathematical equations that reduce stormwater output, our professionals create outcomes that affect how we experience everyday life. Eleni Jones, Jacob Martin, and Joe Lutz have recently joined the RGS team, each adding their unique talents and strengths to grow our capacity, enhance our capabilities and further our development. Jones joined RGS as a designer after graduating from Penn State University with a Bachelor’s

Binswanger appoints senior project manager in Philadelphia office

Oct 17, 2018

Binswanger appoints senior project manager in Philadelphia office

PHILADELPHIA, PA — Binswanger announced that Anthony Gattone has joined the project management team and will be based in the Philadelphia office. In his new role, Gattone will assume responsibility for the day-to-day management of key projects utilizing a hands-on approach. Gattone has over 18 years of experience with project development, master planning, infrastructure evaluation and upgrades, budget management/reporting, space management and sustainability. Prior to joini

DESCCO hosts trade scholarship event

Oct 16, 2018

DESCCO hosts trade scholarship event

HAMBURG, PA — DESCCO Design & Construction, Inc. hosted its 14th Annual Dwight E. Stoltzfus Memorial Trade Scholarship Event on at M&E Sporting Clays in Hamburg. The Sporting Clays Classic was held to benefit an endowed scholarship at PA College of Technology. The scholarship has been established in memory of Dwight E. Stoltzfus, founder of DESCCO Design & Construction. Dwight believed that education was essential to keeping a high standard of quality and excellence in the

SHOWROOM-LIKE STORES COULD OVERTHROW THE BASIS FOR RETAIL RENTS, WRITES CREMODELS EXECUTIVE

By: Mike Harris

Oct 15, 2018

SHOWROOM-LIKE STORES COULD OVERTHROW THE BASIS FOR RETAIL RENTS, WRITES CREMODELS EXECUTIVE

If present trends continue, retail rents might one day be based on traffic and customers rather than traditional metrics such as sales per square foot or percentage rent, observes Mike Harris, Managing Director of CREModels, in a new column for Forbes.com. “E-commerce is transforming retail real estate and yet the most drastic changes may still be ahead,” writes Harris, whose CREModels provides financial modeling, due diligence and technology consulting. In the Aug. 14 column

Investcorp announces its largest
U.S. warehouse portfolio acquisition

56 industrial properties for approximately $300

Oct 12, 2018

Investcorp announces its largest U.S. warehouse portfolio acquisition

NEW YORK, NY — Investcorp announced that its U.S.-based real estate team recently acquired its largest U.S. warehouse portfolio, totaling 4.5 million s/f and including 56 industrial properties across seven metropolitan markets, for a total purchase price of $300 million. "We are proud to announce our largest US warehouse portfolio acquisition since the inception of the business, giving us the opportunity to expand our presence in this important and growing industrial/wareho

Chesapeake Real Estate Group and Everwest Real Estate Investors execute 500,400 s/f lease with Best

Oct 12, 2018

Chesapeake Real Estate Group and Everwest Real Estate Investors execute 500,400 s/f lease with Best

BALTIMORE, MD — Chesapeake Real Estate Group, LLC (CREG) and EverWest Real Estate Investors, LLC (EW), on behalf of an EverWest separate account client, have executed a lease with Best Buy for 500,400 s/f of space within Brandon Woods III, a 259-acre site located near Fort Smallwood Rd. in Anne Arundel County. The Baltimore-based real estate company acquired the site from Exelon Corporation last summer and, through a partnership with EW, intend to build up to 1 million s/f of

Lucern Capital Partners exits Weymouth Court Apartments in Philadelphia, PA

Surovich of Lakeland Bank served as lender

Oct 12, 2018

Lucern Capital Partners exits Weymouth Court Apartments in Philadelphia, PA

PHILADELPHIA, PA — Lucern Capital Partners, a real estate private equity firm headquartered in New Jersey, has sold a two property portfolio in Philadelphia, PA. Lucern Capital Partners acquired the portfolio in an extremely distressed state in 2016 from a strained partnership that had neglected the asset. Upon purchase, significant capital was injected, correcting deferred maintenance and renovating units to market specifications. “When we purchased the portfolio, the majo

Kislak sells 70 residential units
in Montclair, NJ for $17.25 million

VP Joseph Keenan arranges quick sale of

Oct 12, 2018

Kislak sells 70 residential units in Montclair, NJ for $17.25 million

MONTCLAIR, NJ — The Kislak Company, Inc. announced the recent sale of 70 residential units at 31-49 North Fullerton Ave. and 36 Forest Ave. in Montclair, New Jersey for $17.25 million. Kislak marketed the properties on an exclusive basis with vice president Joseph Keenan representing both the purchaser and seller, Oak Tree Capital, LLC and Falad Properties, LLC, respectively. The seller, a longstanding client with whom Kislak has completed numerous transactions over the yea

Succeed Weston “Pete” Nellius as COT Chairman

Oct 12, 2018

Governor Carney appoints Williams to Chair Council

NEWARK, DE — Engineering, one of the region’s largest integrated civil engineering and environmental sciences consulting firms announced that firm president Ted Williams has been appointed by Governor John C. Carney as the new chairman of the Delaware Department of Transportation’s Council on Transportation (COT). In a ceremony in Dover on August 14, Secretary Jennifer Cohan honored Weston E. “Pete” Nellius of Rehoboth for his 17 years of service on the COT including serving

Aria Development Group acquires
prominent corner site in Washington, DC

Completes three-year assemblage with plans for

Oct 12, 2018

Aria Development Group acquires prominent corner site in Washington, DC

WASHINGTON, DC — Aria Development Group has purchased the 25,000 s/f property located at the corner of Florida Avenue and North Capitol Street, NE. The developer is planning a prominent mixed-use building for the site, which will include multifamily residential. This acquisition represents the culmination of three years of patient assemblage to connect tree-lined P Street, NE with Florida Ave. and North Capitol St. “It’s a tremendous location,” said Aria founding partner Jos

Binswanger's Pennington negotiates sale of 51,000 s/f retail/flex building in Phila.

Oct 11, 2018

Binswanger's Pennington negotiates sale of 51,000 s/f retail/flex building in Phila.

PHILADELPHIA, PA — Binswanger announced the sale of three properties in Philadelphia: a 51,000 s/f retail/flex building on 1.93 acres located at 2440 East Venango St.; a 35,000 s/f warehouse facility on 2.91 acres located 2460-50 Wheatsheaf Ln. and a .89 acre development site located at 2639/2651 Wheatsheaf Ln. 2440 East Venango St. is constructed of masonry walls, has ceiling heights to 15' clear and features seven docks and parking for 125 vehicles. HLS New Investment LLC

Current insurance market conditions and what you can do to achieve an optimal insurance program

By Brian Ruane, JGS Insurance

Oct 9, 2018

Current insurance market conditions and what you can do to achieve an optimal insurance program

The good news is that, for most insureds and lines of Coverage, it remains a buyers market despite the number of particularly destructive Hurricanes in 2017. The exception is Automobile Insurance where Insurers have lost money for 5 straight years. As a result, many are experiencing increasing Premiums for Automobile Coverage. The bad news is that this generally favorable condition can quickly change if one event or series of events significantly depletes Industry Surplus.

Berkadia secures $52 million in financing for multifamily property in New Jersey

Sep 28, 2018

Berkadia secures $52 million in financing for multifamily property in New Jersey

ATLANTIC HIGHLANDS, NJ — Berkadia announced the $51.97 million financing for Thousand Oaks Village, a garden-style multifamily property in Atlantic Highlands, NJ. Senior managing director Bob Falese and managing director Jeff Heath of the Philadelphia office secured the acquisition loan through Freddie Mac for the borrower, Delaware-based 165 Thousand Oaks Drive LLC. The deal closed on July 11. The sponsorship for this transaction was led by a joint venture between Kushner

Abod & Carey of the HFF debt placement team represent borrower in $104 million financing

Klein & Hew represent the borrower

Sep 28, 2018

Abod & Carey of the HFF debt placement team represent borrower in $104 million financing

TYSONS, VA — Holliday Fenoglio Fowler, L.P. (HFF) announces $104 million in financing for Greensboro Park, a two-building office portfolio totaling 505,085 s/f in Tysons. The HFF team worked on behalf of the borrower, Velocis and Altus Realty, to secure the five-year, floating-rate loan through JP Morgan Chase & Company. Loan proceeds were used to acquire the property. Greensboro Park is located at 8180 and 8200 Greensboro Drive in the Northern Virginia submarket of Tysons.

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