Mixed-Use Building on Jeweler’s Row Fetches Nearly $6M
PHILADELPHIA, PA—In a deal brokered by Rittenhouse Realty Advisors, Jenkintown, PA-based Galman Group, a private investor with interests in more than 30 properties worth more than $930 milllion, has sold Jewelers’ Row Apartments, 802 Sansom Street…
May 03 19May 03, 2019
Article at GlobeSt
1400 West Monroe Delivering Elevated Urban Living on Skinner Park
1400 W. Monroe, Chicago, IL CHICAGO, IL—New York-based JK Equities is launching sales for 1400 West Monroe, a 42-unit boutique condominium building coming to the West Loop, on Skinner Park. Construction is expected to start in the second half of…
May 03 19May 03, 2019
Article at GlobeSt
JLL Secures $31.5 Million to Refinance Belleville, NJ, Self-Storage Facility
Storage Rentals of America, Main and Mill Streets, Belleville, NJ BELLEVILLE, NJ—JLL’s Capital Markets group secured $31.5 million to refinance Storage Rentals of America – Belleville, a five-building property consisting of approximately 400,000…
May 03 19May 03, 2019
Article at GlobeSt
Mortenson Completes High-Rise Home2 Suites by Hilton in Chicago
CHICAGO, IL—Mortenson has completed construction of the newly opened 17-story, 206-room Home2 Suites by Hilton Chicago River North. Mortenson teamed up with lead developer and owner Akara Partners on the $67 million extended stay hotel, one of the…
May 03 19May 03, 2019
Article at GlobeSt
Ubiquity Global Services Leases 30K SF Call Center in Wilkes-Barre, PA
Adam Schindler, left, and John Susanin of Colliers International arranged the lease for Ubiquity’s new call center at 1061 Hanover Street, Wilkes-Barre, PA WILKES-BARRE, PA—Ubiquity Global Services, a multinational business process and call center…
May 03 19May 03, 2019
Article at GlobeSt
Mixed-Use Building on Jeweler's Row Fetches Nearly $6M
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background…
May 03 19May 03, 2019
Article at GlobeSt
Saint-Gobain NOVA Names Merck Venture Investment Exec Harmsen as Director of External Venturing
MALVERN, PA—Since 2006, building products company Saint-Gobain has encouraged innovation through an external ventures incubator called Saint-Gobain NOVA. Now, the business accelerator has named Sven Harmsen, a former venture investments strategist…
May 02 19May 02, 2019
Article at GlobeSt
The Irvine Apartments Open in Redeveloped West Philadelphia Warehouse
PHILADELPHIA, PA—Post Brothers has launched leasing at its newest project, The Irvine Apartments, in a century-old former warehousing facility at 780 South 52nd Street at the terminus of the Baltimore Avenue corridor. The Irvine incorporates floor…
May 02 19May 02, 2019
Article at GlobeSt
Federal Reserve’s Interest Rate Hike Slowdown Leads to Uptick in Chicagoland Net Lease Sales Activity
Randy Blankstein, president of The Boulder Group, says more favorable monetary policy by the Federal Reserve, as it relates to interest rates, should provide additional certainty in the net-lease markets WILMETTE, IL—The projected slowdown in 2019 of…
May 02 19May 02, 2019
Article at GlobeSt
Dissident Investor Group Takes Proxy Fight to Mack-Cali Shareholders
JERSEY CITY, NJ—Following the rejection of its proposal seeking the possible financial restructuring and sale of Mack-Cali Realty Corporation, Bow Street, which owns about 4.5% of Mack-Cali stock, has launched a proxy fight seeking the election of…
May 02 19May 02, 2019
Article at GlobeSt
Belgravia Group Names Lev Chairman, Promotes Goldman and McCulloch to Co-CEOs
CHICAGO, IL—Chicago-based Belgravia Group, a developer of luxury multifamily residential real estate, is promoting Alan Lev to chairman and David Goldman and Jon McCulloch to co-CEOs as part of a management transition. Buzz Ruttenberg, the firm’s…
May 01 19May 01, 2019
Article at GlobeSt
Greater Philadelphia Office Market Poised for Strong Remainder of 2019
PHILADELPHIA, PA—The Greater Philadelphia office market has benefited from another quarter of positive economic indicators marked by low unemployment, an expanding employment base and rising wages, according to Avison Young’s Philadelphia Office…
May 01 19May 01, 2019
Article at GlobeSt
Mericle to Construct Six Spec Industrials in Scranton/Wilkes-Barre Region in 2019
JENKINS TOWNSHIP AND PITTSTON TOWNSHIP, PA—Mericle Commercial Real Estate Services, the developer and owner of CenterPoint Commerce & Trade Park in Jenkins Township and Pittston Township, PA, will construct six spec buildings in the park in 2019,…
May 01 19May 01, 2019
Article at GlobeSt
Black Creek Group Expands New Jersey Industrial Presence
17 Quakerbridge Plaza Drive, Trenton, NJ TRENTON, NJ—Black Creek Group, a Denver-based real estate investment manager and development firm with a 25-year history, has expanded its New Jersey footprint. Since the beginning of 2019, Black Creek Group…
May 01 19May 01, 2019
Article at GlobeSt
First "Smart" Apartment Complex Opening in Forest Lake, MN
Rendering of Gateway Green Apartments, Forest Lake, MN FOREST LAKE, MN—Norhart, a Forest Lake construction and management company, is expecting to open Gateway Green, its first fully integrated “smart” apartment complex in Forest Lake, MN, this…
May 01 19May 01, 2019
Article at GlobeSt
Ware Malcomb Elevates Two Oak Brook Team Members
OAK BROOK, IL–Ware Malcomb, an award-winning international design firm, named Grant Brandenburg director, regional operations and Troy Flick was named studio manager, design, both in the firm’s Oak Brook, IL, office. Brandenburg joined the firm as a…
Apr 30 19April 30, 2019
Article at GlobeSt
Mack-Cali Enhances Harborside Dining Experience with New Food Hall, Local Restaurants
JERSEY CITY, NJ—Mack-Cali Realty Corporation is making significant investments in new food and drink amenities to ensure that its Harborside office development in Jersey City helps foster the feel of a destination neighborhood, cultivating a unique…
Apr 30 19April 30, 2019
Article at GlobeSt
University of the Sciences Opens Student Housing Complex
PHILADELPHIA, PA—The University of the Sciences has opened Living & Learning Commons, a new 126,000 square foot, 426-bed mixed-use student housing complex that will offer students on campus a place to sleep, study, and shop. The Harman Group provided…
Apr 30 19April 30, 2019
Article at GlobeSt
Serendipity Labs Coworking Comes to Madison Metro Area
Serendipity Labs Middleton-Madison, WI, will have a similar design to this Serendipity location in Denver, CO MIDDLETON, WI—New York based Serendipity Labs Coworking, will open a shared workplace on the sixth floor of 525 Junction Road in Middleton,…
Apr 30 19April 30, 2019
Article at GlobeSt
LG Realty Advisors Unveils Plans for Liberty East in Pittsburgh
PITTSBURGH, PA—LG Realty Advisors has revealed details of its Liberty East project, a mixed-use real estate development project for Pittsburgh’s East Liberty neighborhood that the developers hope will create new energy in the community’s central…
Apr 30 19April 30, 2019
Article at GlobeSt