An R.J. Brunelli survey finds retail vacancy rates in central N.J. fell to the lowest level in 10 years.

Realtors group reports improving demand for commercial real estate across the country.

Survey shows slight increase in available property along six highways.

GMAC Commercial Mortgage is providing the fixed-rate, long-term financing for a luxury development in Sayreville.

The CEO of the REIT said his company continues to redeploy capital from the Midwest market.

To finance the deal, Mack-Cali assumed some $63.2 million of mortgage debt, issued common operating-partnership units and paid the balance in cash.

Mercury Real Estate Advisors of Connecticut expresses "serious concerns over the strategic direction and value destroyed by management of Wilshire Enterprises.”

Biz Briefs

The planned purchase of Gale Real Estate plus interests in large Jersey office portfolios are to total about $545 million.

The REIT said it realized net proceeds of about $176.3 million after repaying its existing loan and remitting closing costs.

The Bellemead portfolio comprises 4.2 million sq. ft. across 29 buildings, but Mack-Cali is apparently not buying the entire collection.

With the Super Bowl behind it, Walters Group sales are hot again in southern Ocean County