Deals

Well-known Somerset County hotel sold for $30 million, HFF says

A real estate investment firm has sold a Somerset County hotel for $30 million, a decade after acquiring the property through a partnership with a former hospitality company.

Industrial

Joint venture acquires 50,400 sq. ft. Branchburg warehouse

Two Elizabeth-based developers have partnered once again, this time acquiring a Branchburg industrial building that serves as a FedEx distribution center.

Finance & Capital Markets

HFF brokers $17.5M refinance for Warren retail center

The owners of a grocery-anchored shopping center in Warren are refinancing the property for $17.5 million, following a transaction arranges by HFF.

Office

Camden office building welcomes YMCA branch

A southern New Jersey YMCA branch has leased 2,250 square feet at a downtown Camden office building, according to Wolf Commercial Real Estate.

Deals

HFF: Hartz refinances 13-piece industrial portfolio for $162M

Brokerage firm HFF has secured a $162 million loan to help Hartz Mountain Industries refinance a 13-building, 2.67 million-square foot industrial portfolio in northern New Jersey.

Finance & Capital Markets

Jersey City HUD building recapitalizes with $95M loan

A Boston-based mortgage banking firm has closed a $95 million loan to recapitalize a Jersey City apartment complex and allow it to continue to offer federally subsidized affordable housing.