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

Managing director Jeff Squires & S.V.P. Tom Scatuorchio arrange exclusive sale Woodbridge, NJ — The Kislak Company, Inc. announced the recent sale of a mixed-use multifamily and retail property at 25-27 Watsessing Ave. in Bloomfield, Essex County for $2.35 million. Kislak marketed the property on an exclusive basis with managing director Jeff Squires handling the assignment on behalf of the seller, Watsessing Property Mmgt, LLC. Senior vice president Tom Scatuorchio procured

Supports Shallow Bay industrial expansion BALTIMORE, MD — Merritt Properties announced a $750 million strategic investment led by global investment firm Centerbridge Partners, L.P. (Centerbridge). This includes dedicated growth capital to support the continued expansion of the company’s shallow bay industrial portfolio across existing markets and into select new markets. As part of the agreement, Centerbridge acquired the ownership interest previously held by Almanac, the pri

Reflecting strong investor demand for suburban South Jersey multifamily Blackwood, NJ — Ivanhoe Apartments, a 33-unit multifamily community consisting entirely of one-bedroom units and located in Blackwood, New Jersey, has been successfully sold for $4.5 million, or $136,364 per unit. The transaction was exclusively brokered by Adam Zweibel, President of Hudson Atlantic Realty. The sale underscores continued and intensifying investor appetite for well-located suburban multifa

By Dwight Kay, Kay Properties and the Kay Properties Team Over the last three to four decades, many successful real estate developers, sponsors, syndicators and operators have built substantial portfolios of commercial real estate using high-net-worth investor capital. Through careful acquisitions, development expertise, market appreciation and operational oversight, these sponsors have amassed portfolios worth tens or even hundreds of millions of dollars. While this success

LANCASTER, PA — ROCK Commercial Real Estate, an industry leader in South Central Pennsylvania, announced the sale of 3045 Marietta Ave. in Lancaster for $1.5 million. The 15,710 s/f, three-story primary care facility was purchased with the intent to convert to 16 single-use occupancy units of affordable housing. ROCK managing partner, David Bode, CCIM, SIOR, and ROCK Brokerage Advisor, Patten Mills, CCIM, represented both the buyer, Oyster Point Landing Associates, LLC, and t

MECHANICSVILLE, VA — Marcus & Millichap announced the sale of Stonewall Square, a fully occupied retail center in Mechanicsville, VA, a suburb of Richmond. The asset sold for $3.75 million. Chase Hensen, Dean Zang and David Crotts of Marcus & Millichap marketed the property on behalf of the seller. Stonewall Square is located at 6300 Mechanicsville Tpke. The 15,922 s/f retail center sits on a 2.13-acre lot and was built in 2008. The property has seven units and was fully occu

Limited new supply, pricing clarity, and selective demand shape regional market conditions Jason M. Wolf Marlton, NJ — Wolf Commercial Real Estate (WCRE) has released its Q2 2026 Regional Market Report, providing a comprehensive analysis of commercial real estate conditions across Southern New Jersey, Philadelphia, Northern New Jersey, and the New York Metro markets. As the first half of 2026 concludes, commercial real estate markets across the region remain highly segmented

Leasing momentum accelerates across Chesterbrook office park Wayne, PA — Rubenstein Partners, L.P. (including its affiliates, “Rubenstein” announced that BNY has signed a long-term, 42,000 s/f lease at 965 Chesterbrook Blvd., part of the Chesterbrook office park in Wayne. The lease will occupy the entire second floor of the three-story building and will serve as a regional southeast Pennsylvania office for the global financial services platforms company. The transaction marks