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

Shown from left: Mike O’Rourke - managing director, Business Retention & Expansion, BusinessPA; John L. Augustine III - president and CEO of Penn’s Northeast; Rick Siger – secretary, PA Department of Community and Economic Development (DCED); Aaron Pitts - CCO, PA Department of Community and Economic Development. Pittston, PA — Penn’s Northeast, the leading regional economic development agency servicing nine counties, recently partnered with officials from PA’s Department of

Franklin & Newton, MA — Amalfi Capital has recently exited two investments in the Boston area with its partnerships with Bluerock Value Exchange & Rhino Investments. The sale of The Westerly at Forge Park, a 280-unit residential complex in Franklin, MA, a suburb of Boston for $101 million to DSF Group, and with the sale of Albemarle Gardens in Newton, MA, a 112-unit apartment community located in the Newtonville village of Newton, MA to the Newton Housing Authority. For the B

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