Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.
New affordable housing projects are coming to Essex and Burlington counties with the help of a loan program sponsored by Peapack-Gladstone Bank, the financial institution said recently.
A joint venture is planning to build a new industrial building spanning more than 450,000 square feet in Piscataway, with the help of $22 million in financing secured by HFF.
With an uptick in demand that started last fall, lenders with Investors Bank have financed more than $100 million in commercial real estate transactions in recent weeks.
A rental community in Gloucester County has a new owner, following a $52.3 million financing deal orchestrated by Eastern Union Funding.
A developer has closed on more than $100 million in construction financing for its high-end, 184-unit condominium project on the Hudson waterfront, where construction is well underway.
A developer is moving forward with the next piece of a luxury multifamily complex in the Meadowlands, HFF announced, after securing a $40 million construction loan for the project.
HFF has hired Greg Nalbandian as a senior managing director in its Florham Park office. He joins the firm with more than 23 years of experience in the industry, having most recently served as a senior vice president and managing director with NorthMarq Capital LLC.
Brokers in Avison Young’s New Jersey office have arranged more than $34 million in financing for a mixed-use development in Pennsylvania’s Lehigh Valley, the firm announced.
As an investment opportunity, 800 Scudders Mill Road checked just about every box. A state-of-the-art, trophy office complex that was only three years old. A prime location just outside Princeton. And, perhaps most important of all, a net lease with a blue-chip, global pharmaceutical giant, Novo Nordisk Inc., with a longstanding presence in the market.