A joint venture has landed nearly $30 million in financing for its recent purchase of an office building in Madison’s acclaimed Giralda Farm campus, according to brokers with JLL.
A 1031 exchange (like-kind exchange) is one of the most significant tax advantages available to a real estate investor selling a property with large realized gains. By implementing this tax strategy, it is possible to defer tax payments on the sale of an investment property indefinitely. While like-kind exchanges are common, there are still many complexities to navigate. Given some of the proposed legislative changes put forth by the Biden administration and members of Congress, it may make sense to accelerate transactions into the 2021 tax year.
The longtime owner of a 240-unit apartment complex in Sussex County has refinanced for more than $31 million, according to a debt placement team with Progress Capital.
Denholtz Properties has announced five new hires, with an eye toward bolstering its internal construction and finance teams in the wake of the pandemic.
A grocery-anchored, 140,000-square-foot retail center in Vineland has changed hands with the help of more than $9.6 million in financing, according to brokers with Cronheim Mortgage.
The owner of three industrial buildings in Edison’s Raritan Center has refinanced for $14.35 million, in a transaction arranged by JLL.
The owner of a 718-unit, 11-building multifamily portfolio in East Orange has secured new partners, in a transaction arranged by Cushman & Wakefield.
The owner of a 40-unit luxury apartment building in Jersey City has secured $13 million in financing, under a newly announced transaction by JLL.
The Stro Cos. and Kushner Real Estate Group have secured $42 million in financing for a fully leased, 220,000-square-foot cold storage facility in Clifton.