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

Garwood, NJ — The Kislak Company, Inc. announced the recent sale of Stephanie Gardens, a 36-unit multifamily property at 72 3rd Ave. in Garwood, Union County, New Jersey, for $6.6 million. Kislak marketed the property on an exclusive basis with president Robert Holland and managing director Jeff Squires handling the assignment on behalf of the longtime owner, Garwood Associates, LP. They also procured the purchaser, Garwood Gardens, LLC. Kislak previously sold several other m

Pedro David Espinoza By Pedro David Espinoza is the founder & CEO of Pan Peru USA The real estate industry has lagged behind in leveraging AI to improve data analytics due to issues with data quality and fragmentation. The most popular proptech tools that have emerged from AI are those that create a robust and reliable data pool. However, a recent US Department of Justice civil antitrust lawsuit reveals that real estate companies must be extremely cautious when tapping into A

MORRISTOWN, NJ — JLL Capital Markets has secured construction financing for Marcus Partners’ development of a new class A industrial facility at 35 South Jefferson Rd. in Hanover Twp., Morris County, New Jersey. JLL represented Marcus Partners in securing a four-year construction loan with a one-year extension option with Truist Bank. The to-be-constructed facility will span 72,000 s/f and feature premium industrial specifications, including 36-foot clear ceiling heights, 10

NORFOLK, VA — Marcus & Millichap Capital Corporation (MMCC), a provider of commercial real estate capital markets financing solutions, arranged an $8,940,000 loan to refinance the Wyndham Garden Norfolk Downtown, a 354-key hospitality property located at 700 Monticello Ave. in Norfolk, Virginia. Robert Bhat, senior managing director in MMCC’s Miami office, secured the financing with a global investment bank on behalf of a private client. The loan is non-recourse and features

SALISBURY, MD — Wesley Cox, CCIM, senior advisor at SVN | Miller Commercial Real Estate announced that the Hanna Team associate Trent Spicer-Davis has completed the lease-up of the Northwood Business Center bringing the property to 100% occupancy. The property consists of three buildings totaling 32 flex-space units and 54,000 s/f. The property has a diverse mix of tenants and serves many roles for the business community, including start-up incubator spaces to national compan

Neuman brokers $3.5M sale of 1.2-acre site Annapolis, MD —Neuman Commercial Group, LLC has arranged the first sale in forty-four years of landmark auto dealership Criswell Acura in Annapolis, Maryland’s state capital. The 1.2-acre corner site fronting a primary commercial corridor at 1701 West St. was leased for forty years to Criswell Acura. Neuman Commercial Group, led by principal Gil Neuman, represented the seller, Fanaroff & Steppa LLC, and arranged the sale to the tenan

The Ironwood at Waldorf Station - credit MCB Real Estate WALDORF, MD — Greenberg Gibbons and MCB Real Estate announced that The Ironwood at Waldorf Station, a class A apartment community, is now leasing. The community, based in rising hub Waldorf, welcomed its first residents this August, marking an exciting milestone for Southern Maryland’s newest mixed-use destination. Located within the 150-acre Waldorf Station master-planned community, The Ironwood introduces 302 luxury r

BALTIMORE, MD — St. John Properties, Inc. has announced the promotion of Lacey Johansson to VP, leasing. Johansson joined the company in 2012 and has more than 23 years of real estate, marketing, and sales experience. Johansson oversees leasing for nearly 3.5 million s/f of commercial office and flex/R&D space within business communities across the Baltimore region, including a large presence in the BWI Business Corridor. Her responsibilities include representing the company