Finance & Capital Markets

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

Finance & Capital Markets
Cronheim: Owner of East Windsor, Garwood shopping centers lands $17.5 million in financing

The owner of two shopping centers in Mercer and Union counties has secured $17.5 million in financing for the grocery-anchored properties, brokers with Cronheim Mortgage announced.

Finance & Capital Markets
Kennedy Funding inks $2.75 million land loan for 420-unit Kansas City rental project

Kennedy Funding has closed a $2.75 million land loan for a 420-unit multifamily project in Kansas City, Missouri, the Englewood-based firm announced Wednesday.

Finance & Capital Markets
IDB Bank, TAY Investments close $31 million bridge loan for 155-unit Newark rental property

IDB Bank has closed a $31 million bridge loan for a newly completed, 155-unit apartment building in Newark’s Central Ward.

Events
National Private Lenders Association Conference heading to Miami Beach in early March

The largest private lending conference in the country is coming to South Florida in less than three weeks.

Finance & Capital Markets
Vision, Birch Group refi 228,000 sq. ft. Florham Park office building

Vision Properties and The Birch Group have closed on a long-term refinance of a 228,000-square-foot office building in Florham Park, brokers with Cushman & Wakefield announced.

Retail
JLL: Investor buys 70,000 sq. ft. grocery-anchored shopping center in Marlboro for $16 million

First Montgomery Group has sold a grocery-anchored shopping center in Monmouth County for $15.9 million, brokers with JLL announced this week.

Finance & Capital Markets
G.S. Wilcox arranges $7 million refi for Union shopping center owner

The owner of a nearly 40,000-square-foot shopping center in Union Township has refinanced the property for $7 million, in a newly announced deal by G.S. Wilcox & Co.

Finance & Capital Markets
JLL: Developer lands $49 million in debt, equity for 150-unit rental project in Elmwood Park

The firm behind a 150-unit, two-building multifamily development in Elmwood Park has secured $49 million in construction financing and equity for the project, brokers with JLL announced Thursday.

Industrial
March Construction set to break ground on new 70,000 sq. ft. industrial building in Wayne

Construction is set to begin on nearly 70,000 square feet of new industrial space in Wayne, helping to repurpose a site that’s long housed a storage yard for trucks and other equipment.

Finance & Capital Markets
Northwind closes $70 million construction loan to 209-unit Journal Square rental project

A developer has landed a $70 million construction loan to complete a new 209-unit apartment tower in Jersey City’s resurgent Journal Square section.