Finance & Capital Markets

With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.

G.S. Wilcox sources $6.3 million bridge loan for mixed-use Rutherford property

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.

Developer nabs $95 million construction loan for 300-unit rental project in Jersey City

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.

Real Estate NJ’s 2022 Market Forecast

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.

Northmarq sources $67 million in financing for 376-unit Applied housing portfolio

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.

STRO refis Morris, Union industrial assets for $22 million

The STRO Cos. has refinanced warehouses in Morris and Union counties for a combined $22 million, the Ridgewood-based firm announced Tuesday.

Greystone: MBC inks $30 million construction loan to kick off Jersey City redevelopment

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.

JLL: Ironstate refinances Hoboken apartment tower for $36 million

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.

JLL inks $15 million loan for new 146,000 sq. ft. industrial building in Hamilton

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 sources $12 million refinancing of Port Newark industrial complex

JLL has arranged a $12 million facility loan for Port Newark Junction, a six-building, 154,149-square-foot industrial complex in Newark.

Owner lands $110 million loan for 850,000 sq. ft. Newark industrial building

The owner of a new 850,000-square-foot warehouse and distribution center in Newark’s port district has secured $110 million in permanent financing, according to JLL.