Prism Capital Partners has obtained nearly $6.3 million in financing for its purchase of a 53,000-square-foot mixed-use building and parking garage in Rutherford.
A developer is set to break ground on 300 luxury apartments in Jersey City after securing a $95 million construction loan for the project, in a transaction arranged by The Carlton Group.
Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.
The owner of three affordable housing properties in Hudson County has secured nearly $67 million in financing for the portfolio, according to an advisory team with Northmarq.
The STRO Cos. has refinanced warehouses in Morris and Union counties for a combined $22 million, the Ridgewood-based firm announced Tuesday.
A developer has landed a $30 million construction loan for an 80-unit apartment building in Jersey City, according to a debt placement team with Greystone.
The owner of a 150-unit apartment tower in downtown Hoboken is refinancing the property for nearly $36 million, in a deal arranged by brokers with JLL.
A joint venture has landed a $15.3 million acquisition loan for a newly developed industrial property in Hamilton, in a deal announced by JLL.
JLL has arranged a $12 million facility loan for Port Newark Junction, a six-building, 154,149-square-foot industrial complex in Newark.