Parsippany office property sells for $4.9M
On Jan. 11, CBRE announced it completed the sale of an 85,000-square-foot Parsippany office complex near the Interstates 80 and 287.
Source: njbiz.com
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Industrial redevelopment site in Somerset sells for $30.75M
A buyer purchased 15 acres of industrial development land at 200 Cottontail Lane in Somerset for $30.75 million, CBRE said.
Source: njbiz.com
Brookfield buys 19-acre NJ industrial site | Real Estate Weekly
Brookfield now has ten separate land parcels in the tri-state area it is developing as logistics facilities.
Source: rew-online.com
Grubb Properties Tests Affordable Housing Model in NYC
Affordable housing developer Grubb Properties made its NYC entrance by buying Financial District and Long Island City sites for $152 million.
Source: therealdeal.com
ON THE SCENE: This week's middle market sales, exclusives
SALES CBRE announced the sale of a religious facility located at 108 Washington Place in Passaic, NJ. The former Presbyterian church was acquired by the Church of God Prophecy for $750,000. Charles Berger and Samuel Bernhaut and Nicole Nannola of CBRE’s Retail Services, represented the seller, Trustees First Presbyterian Society of Passaic, and procured the buyer, another religious institution that will continue to cater to the neighborhood. Built in 1927 to serve the Jewish congregation B’nai Benjamin, 108 Washington Place is a 12,790 s/f, two-story house of worship that can accommo...
Source: rew-online.com