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Grosvenor Fund Management Appoints Donohue, Kilroy
Grosvenor Fund Management (GFM) has appointed William P. Donohue, Jr. to serve as Managing Director and Head of Asset Management in the Philadelphia, PA office. Robert R. Kilroy, CFA, who joined GFM in 2009 as Managing Director and Chief Portfolio Manager, has been appointed Managing Director and Head of Separate Accounts. -
Judge Rules MTA Faces Millions More in Damages to Riese Organization in Fulton Street Condemnation
State Supreme Court Justice Martin Shulman ruled against the Metropolitan Transportation Authority on its use of eminent domain in taking 194-196 Broadway as part of the Fulton Street Transit Center project. Shulman ruled that three foodservice tenants displaced by the condemnation can recover about $15 million in damages for the value of trade fixtures lost. www.rosenbergestis.com -
New Jersey Industrial Leasing Up, Fundamentals Improved in 2011
Tenants signed nearly 23.4 million square feet of new industrial leases in Northern and Central New Jersey in 2011, representing the highest volume since before the recession, according to year-end statistics for the U.S. industrial market released today by commercial real estate services firm Cushman & Wakefield, Inc. http://www.caryl.com/pressreleases.cfm?pressID=3818&homelink=1 -
Levin 2011 Post-Holiday Survey Finds Steady Retail Sales Improvement
Strong seasonal sales volume and higher 2011 holiday consumer traffic support a general feeling of optimism within the retail community, according to the latest survey from Levin Management Corporation of North Plainfield. http://caryl.com/pressreleases.cfm?pressID=3820&homelink=1 -
Lee & Associates Transacts $4.8 Million Sale of Retail Office Building From Lowe's
The Lee & Associates-LA North/Ventura team of Jay Martinez, Stephanie Skrbin and Mike Tingus executed the sale of a 38,788-square-foot mixed-use building that had been owned by Lowe's Companies, Inc. (NYSE: LOW) in a transaction that reflects the continuing challenges of financing investment sales. The sale price was $4,875,000. The buyer is an entity of Valley College of Medical Careers. -
Lee & Associates Negotiates 33,000 SF Office Space Expansion and Lease Extension On Behalf of Matheson Tri-Gas
Lee & Associates New Jersey office has completed a 10,000 SF space expansion and 11-year lease extension for the U.S. headquarters of Matheson Tri-Gas, located at 150 Allen Road in Basking Ridge, N.J. Brian Lynch and Peter Rasmusson represented the specialty and industrial gases producer, who needed to expand the corporate office due to recent acquistions. -
The Economy is Moving Forward, but Job Deficits Remain Nationally and Statewide
Is economic recovery truly underway? Will industrial real estate keep its momentum? Is New Jersey winning the war for jobs? How are retail trends impacting other industry sectors, notably industrial? Those questions and more were on the table at NAIOP New Jersey's 2012 Commercial Real Estate Forecast and Annual Meeting. http://www.caryl.com/pressreleases.cfm?pressID=3815&homelink=1 -
Tryko Caps Year of Growth with Atlantic City Multifamily Asset
With the January acquisition of Barclay Arms in Atlantic City, N.J., private equity real estate group Tryko Partners, LLC, marked a 12-month period of aggressive growth that nearly doubled its multifamily portfolio and substantially grew its skilled nursing holdings. http://caryl.com/pressreleases.cfm?pressID=3813&homelink=1 -
Gebroe-Hammer Associates Arranges $7.25 Million Sale of Pewter Village in Camden County, NJ
Gebroe-Hammer Associates has arranged the $7.25 million sale of Pewter Village, an 84-unit active-adult garden-apartment complex at 1058 Eldridge Ave. in Collingswood, N.J., announced Ken Uranowitz, managing director. http://caryl.com/pressreleases.cfm?pressID=3812&homelink=1 -
Coldwell Banker's Brian Westre Named Realtor® of the Year for 2011
Coldwell Banker Residential Brokerage's Brian Westre has been named REALTOR® of the Year for 2011 by the San Diego Association of REALTORS®. A San Diego resident since the age of eight, Westre has an in-depth knowledge of the San Diego real estate market and has continuously been a top producer at the Coldwell Banker Rancho Bernardo office for many years. He can be reached at (858) 692-0085.</p -
Lee & Associates Secures Large Industrial Leasing Assignment
Lee & Associates, in a combined effort by two of the firm's Southern California offices, has won its bid to secure the leasing assignment to the industrial portfolio of Watt Properties, a division of Watt Companies. The 12 buildings and four industrial properties sit on a total of 580,436 square feet and are located in the cities of Long Beach, Torrance, Carson and Northridge. -
Cushman & Wakefield Tapped to Market National Amusements Sites
- National Amusements, Inc., the motion picture exhibition industry leader, has retained commercial real estate services firm Cushman & Wakefield, Inc. to market surplus properties in Newark and Sayreville for sale. http://www.caryl.com/pressreleases.cfm?pressID=3810&homelink=1 -
Cushman & Wakefield Arranges Lease Expansion, Extension for Engineering Firm
Langan Engineering & Environmental Services has increased its presence and re-located within its current location at 989 Lenox Drive in Lawrenceville. http://www.caryl.com/pressreleases.cfm?pressID=3809&homelink=1 -
MWW Group Public Relations Secures Metropolitan Center Signage in Lease Extension
Metropolitan Center, the New Jersey Meadowlands landmark office tower, will soon be known as the MWW Public Relations building. The public relations agency, one of the top 15 agencies in the world, and a long-time tenant at the property, has extended its lease and secured building signage rights at the 420,000-square-foot property. http://www.caryl.com/pressreleases.cfm?pressID=3807&homelink=1 -
Cushman & Wakefield Capital Markets Team Inks $1.3 Billion in 2011
With $1.3 billion in completed transactions during 2011, Cushman & Wakefield, Inc.'s Metropolitan Area Capital Markets Group experienced robust activity that reflects a year of steps forward and back, and "haves" and "have-nots," according to Andrew Merin, vice chairman. http://www.caryl.com/pressreleases.cfm?pressID=3804&homelink=1 -
Cushman & Wakefield Brokers Lease Renewal for Solix
Solix Inc., a business process outsourcing company serving government and commercial clients, has renewed its lease for 23,000 square feet at 700 West Lincoln Ave. in Charleston, Ill., announced commercial real estate firm Cushman & Wakefield, Inc. http://www.caryl.com/pressreleases.cfm?pressID=3803&homelink=1 -
Jones Lang LaSalle Inks 57,364-SF Office Lease for Endurance at 750 Third Avenue
Jones Lang LaSalle completed a combined sublease and new direct lease deal totaling 57,364 square feet for Endurance Reinsurance Corporation of America with SL Green Realty Corp. at 750 Third Avenue. The reinsurance firm signed a 10-year sublease for 40,500 square feet and a 10-year direct lease for 16,864 square feet at the Class A, 857,354-square-foot office building. www.joneslanglasalle.com -
Labwell Experts Reveal 10% to 20% Reduction in Life Sciences Laboratory, R&D Operating Expenses
Labwell revealed that corporate end users in the pharmaceutical and biotechnology industries have reported an average of 10 percent to 20 percent in operational cost savings by centralizing and outsourcing their non-core functions utilizing its holistic approach to lab operations. Labwell is a division of Jones Lang LaSalle. www.labwellservices.com -
Bob Maxwell Appointed to Sharp Healthcare Foundation Board of Directors
Bob Maxwell, senior vice president of C.W. Driver, has been appointed to join the Board of Directors of Sharp HealthCare Foundation, a philanthropic organization that supports the San Diego-based Sharp HealthCare facilities. On the board, Maxwell will work with other business professionals, community leaders, and members of the Sharp medical staff to promote philanthropic contributions.
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