The buyer of a newly developed, 104-unit apartment building in Jersey City has secured more than $40 million in financing, in a transaction arranged by JLL.
Denholtz Properties has secured more than $17 million in financing to develop 57 luxury apartments and retail space in Red Bank, brokers with JLL announced Thursday.
A buyer has paid nearly $24 million for two Jersey City warehouses, brokerage firm Grid Real Estate said, noting that the company now plans to use the buildings for film studio space.
The parent company of Provident Bank is set to acquire SB One Bancorp, paving the way for what would be the third-largest lending institution in New Jersey.
A developer has secured a $56 million loan for its plan to build 274 apartments at the site of a former hospital in Elizabeth, under a newly completed transaction by Parkview Financial.
Hugo Neu Group has secured more than $16 million in financing to restore and repurpose another building at its flagship Kearny Point campus in Kearny, where it’s adding some 90,000 square feet to the existing stock of creative office space.
Kennedy Funding has closed a $2.75 million loan that will help jumpstart a hotel development in one of Alabama’s largest cities.
Greater Trenton, the capital city’s nonprofit economic development arm, has tapped Investors Bank CEO and President Kevin Cummings as its new board chairman.
A development team has landed financing for the second of two 45-story apartment towers in Jersey City, securing a $138 million loan from New York Life Real Estate Investors.