A longtime residential investor is expanding into the office sector, acquiring a four-building, 305,000-square-foot portfolio in Burlington County.
A multifamily owner has refinanced five properties in New Jersey, thanks to a $15.2 million loan from a New York-based commercial real estate finance firm.
Progress Capital Advisors has brokered a $9 million loan to help spur construction of a new 46-unit multifamily building in downtown Long Branch.
HFF has secured $16.2 million in financing for the development of a 290,063-square-foot, speculative industrial building near Newark’s port district.
The Kushner Cos.’ acquisition of a garden apartment complex near Princeton was not only the state’s largest single-asset deal of 2017, but among the top 20 nationwide in a newly released list of multifamily investment sales.
By Joshua Burd For all the buzz and political rhetoric surrounding federal tax reform, Jeff Otteau points to a consequence of one key change that has largely flown under the radar. For decades, homeowners have been better equipped to reduce…
When it came to commercial real estate, many investors had likely felt that property values had peaked in 2016, that the bull run was ending and the economy was due for a pullback. Those are among the reasons that Jeff Otteau feels overall investment sales in New Jersey fell last year to $6.5 billion, from $8.3 billion in 2016, while activity also slowed in New York City. Yet that trend could be in store for a reversal as a result of the newly amended tax code, which has preserved and added to the benefits given to real estate investors.
What new trends or market forces will influence commercial real estate lending strategies in the years to come? We assembled a panel of industry experts to tackle our recent roundtable question.