A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.
Finance & Capital Markets
With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.
Joint venture inks $43 million refi for 288-unit rental complex in Plainsboro
A joint venture has landed a $43 million loan to refinance a 288-unit apartment complex in Plainsboro, following a series of upgrades aimed at creating value at the property.
G.S. Wilcox touts $57 million in new loans for commercial, multifamily clients
G.S. Wilcox & Co. has sourced a combined $13.2 million in financing for two commercial properties on Route 22, in transactions that come amid $57 million in recent activity.
Procida hails strong 2019, with $134 million in loan activity
Procida Funding & Advisors is touting the completion of nearly $135 million in originations in 2019, including a recent loan to help redevelop a historic pier destroyed by Hurricane Sandy.
Progress sources $85 million loan for Bronx historic rehab project
The owners of a refurbished historic warehouse building in the Bronx have refinanced the property for $85 million, under a newly announced transaction by Progress Capital.
Kennedy inks $3 million loan for Bahamas developer
Kennedy Funding has closed a $3 million loan to the developer of a new residential community in the Bahamas, the Englewood Cliffs-based direct private lender announced Monday.
Square Mile, Meridian tout $200 million refi for iconic Bell Works project
The owners of the landmark Bell Works complex in Holmdel have secured a $200 million loan to refinance the mixed-use, 1.4 million-square-foot property.
JLL details equity, debt package for 267-unit Elizabeth project
The firms behind a high-profile redevelopment project in Elizabeth have landed more than $20 million in equity alongside a $55 million construction loan, under a set of transactions by JLL.
Progress inks $130 million mortgage for Manhattan cancer center project
The developers of a new Memorial Sloan Kettering facility in Manhattan have landed $130 million in financing, under a newly announced transaction by Progress Capital.
Procida inks $39 million construction loan for 200-unit Middlesex project
A developer has landed $39 million in construction financing for a new 200-unit apartment complex in Middlesex County, under a newly closed transaction by Procida Funding.
