Ridgecut Road has acquired and secured financing for a low-coverage industrial property in Fairfield, in a set of transactions arranged by JLL’s capital markets team.
Faropoint and Deugen Development have closed on a $33 million construction loan for a new two-building industrial project in New Brunswick, in a deal arranged by Cushman & Wakefield.
Three of Newark’s key economic development organizations have come together in a move to further their missions while streamlining their efforts to enhance the state’s largest city.
A joint venture has closed on the site of a planned six-building, $104 million project that will bring 230 luxury apartments to Watchung, where construction is now underway.
Newmark has made a key addition to its New Jersey brokerage team, hiring Steven Beyda as an executive managing director with its Industrial Advisory Group.
Kaplan Cos. has secured a $36 million construction loan for a planned six-building, 142-unit multifamily project in Sayreville, in a newly announced deal by JLL.
A private family office is looking to sell a Fort Lee development site with approvals in place for a 172-unit luxury residential project, tapping Berkadia as its listing team for the property.
The longtime owners of a 24-unit apartment building in Bayonne have sold the property for $4.4 million, according to a brokerage team with Veerman Asset Management.
Woodmont Properties has reaped nearly $43 million from its sale of a new 120-unit luxury rental community outside Hackettstown, brokers with Sage Investment Real Estate Advisors said.
