Vornado Sells Sears Stock
It will gain $53,475,000 from this sale, which will be recognized in the second quarter of 2006.
Retail Vacancy Rate in Central Jersey Falls
An R.J. Brunelli survey finds retail vacancy rates in central N.J. fell to the lowest level in 10 years.
Northern N.J. Among Country’s Top RE Markets
Realtors group reports improving demand for commercial real estate across the country.
Retail-Space Vacancy Rose to 3 in 2005 in North Jersey
Survey shows slight increase in available property along six highways.
Kaplan Cos. Secures 23.6 Million Financing for Luxury Complex
GMAC Commercial Mortgage is providing the fixed-rate, long-term financing for a luxury development in Sayreville.
Glenborough Buys Chatham Executive Center in North Jersey
The CEO of the REIT said his company continues to redeploy capital from the Midwest market.
Mack-Cali Wraps Up 161.7 Million Maryland Office Complex Deal
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.
Wilshire Enterprises Accused of Conflicts of Interest
Mercury Real Estate Advisors of Connecticut expresses "serious concerns over the strategic direction and value destroyed by management of Wilshire Enterprises.Â
Mack-Cali to Cement Dominant Market Position with Big Deal
The planned purchase of Gale Real Estate plus interests in large Jersey office portfolios are to total about $545 million.
Vornado Refinances Manhattan Property for 353 Million
The REIT said it realized net proceeds of about $176.3 million after repaying its existing loan and remitting closing costs.
NJBIZ Exclusive Mack-Cali Realty Close to Buying Bellemead Portfolio
The Bellemead portfolio comprises 4.2 million sq. ft. across 29 buildings, but Mack-Cali is apparently not buying the entire collection.