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Mission Critical Index Finds Broad Industry Demand for Modular Data Centers

A data center industry index, the result of a survey by NxGen Modular (www.nxgenmodular.com) reveals that cost savings and scalability are prompting more data center owners and c-suite technology executives to consider modular data center solutions. The first "Mission Critical Annual Index" indicates that 85% of participants would consider a modular solution in building their next data center.<

SIOR President Geoffrey Kreusser Urges Government to Energize Private Sector Business

Address at Annual IOREBA/SIOR Joint Meeting Focuses on Broad Range of National and International Issues http://caryl.com/pressreleases.cfm?pressID=3829&homelink=1

Cushman & Wakefield Named Agent for Lehigh Valley Spec Project

Liberty Property Trust has named commercial real estate services firm Cushman & Wakefield, Inc. as exclusive leasing agent for a 1.2 million-square-foot, $62 million speculative industrial property now under construction in Bethlehem, PA. http://www.caryl.com/pressreleases.cfm?pressID=3831&homelink=1

Mountain Real Estate Capital And L Star Acquire Brightleaf at the Park

Mountain Real Estate Capital and L Star Management are proud to announce the acquisition of Brightleaf at the Park in Durham, N.C. A master planned community in the Triangle, Brightleaf's proximity to Research Triangle Park makes it highly sought after. The acquisition is comprised of 900 residential lots ranging from townhouses to single-family lots. The terms of the deal were not disclosed.<b

High Demand, Debt-Equity Imbalance Create Complexities For 2012

A desire for alternative, fixed-income yields beyond that available in the bonds and government securities, and recent turmoil in sovereign debt markets has created incredible demand among commercial real estate investors. At the same time, the New York tri-state region remains flush with equity capital. http://caryl.com/pressreleases.cfm?pressID=3794&homelink=1

Cushman & Wakefield Inks 114,000-Sq.-Ft. Lease in Casa Grande, Ariz.

Commercial real estate services firm Cushman & Wakefield, Inc. has orchestrated a 114,000-square-foot industrial lease at Clarion Partners' Central Arizona Distribution Center in Casa Grande, marking one of the largest lease commitments in years for Pinal County. http://www.caryl.com/pressreleases.cfm?pressID=3827&homelink=1

Cushman & Wakefield Selected to Market One Pepsi Way for Sale

Cushman & Wakefield, Inc's Metropolitan Area Capital Markets Group has been retained to market One Pepsi Way in Somers for sale. The 206-acre campus and its 540,000-square-foot, Class A office building serve as the long-time corporate headquarters of Pepsi Bottling Group. http://www.caryl.com/pressreleases.cfm?pressID=3822&homelink=1

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 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