A developer has secured construction and bridge financing for a planned 709-unit self-storage facility in Somerset County, brokers with JLL announced Monday.
Finance & Capital Markets
With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.
Things to do
As you’ll read in this month’s cover story, the Queen City is now working to attract new retail, recreation and dining options to support its growing population. Look no further than PickleRage, the new 40,000-square-foot pickleball club that just opened under a project by ECA Developers. That’s just one example, according to the story by Marlaina Cockcroft, coming alongside a new $10 million aquatics complex that debuted last summer and plans for a 55,000-square-foot recreation and cultural center with a pool, event and performance space, workforce development facilities and an art gallery, as well as a building with 220 affordable units.
Is Newark a magnet for capital? Yes, but it’s complicated.
It was a reminder of Newark’s allure as a destination for those who see the value of its workforce, transit access and deep network of anchor institutions. Capturing that upside is far more complicated, according to panelists who explained why and how developers, investors and other stakeholders are making deals work in the city.
