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
JLL: Buyer of Newark’s Springfield Avenue Marketplace lands $23 million acquisition loan

The new owner of a grocery-anchored shopping center in Newark has closed on more than $23 million in acquisition financing, in a newly announced deal by JLL.

Photos
In the Moment: Onyx cofounders receive Kislak Institute’s Leadership Excellence Award

From left: Cynthia Daly, interim director of the Kislak Real Estate Institute at Monmouth University, presented the program’s Leadership Excellence Award on May 29 to Onyx Equities cofounders Jonathan Schultz and John Saraceno Jr., who received the honor on behalf of their Woodbridge-based firm. The company is behind many of New Jersey’s most complex and high-profile development projects and investments that have repositioned major commercial properties, including the 2 million-square-foot Northeast Science & Technology Center at the former Merck & Co. campus in Kenilworth, as well as the modernization of the four-building, 2.3 million-square-foot Gateway office complex in Newark.

Finance & Capital Markets
Kennedy Funding closes $8 million in land loans in two countries in 14 days

Kennedy Funding has closed four land loans totaling more than $8 million in recent weeks, including three outside its home state of New Jersey and a fourth in South America.

Finance & Capital Markets
JLL: Donato Group scores $23 million loan for 190,000 sq. ft. light industrial portfolio in Wall

The Donato Group has obtained nearly $23 million in financing for some 190,000 square feet of light industrial space in Wall Township, brokers with JLL announced Tuesday.

Finance & Capital Markets
C&W: Advance, Greek land $300 million permanent loan for Linden Logistics Center phase two

Advance Realty Investors and Greek Real Estate Partners have closed on $300 million in permanent financing for nearly 1.6 million square feet of new industrial space in Linden.

Finance & Capital Markets
G.S. Wilcox sources $18 million loan for 123,000 sq. ft. retail property near Philadelphia

The owner of a freestanding supermarket property outside Philadelphia has landed more than $18 million in financing, in a transaction arranged by G.S. Wilcox & Co.

Finance & Capital Markets
Kennedy Funding closes $4.2 million land loan to major flower distributor in Ecuador

Kennedy Funding has expanded to Ecuador with a newly closed, $4.15 million land loan to a family-owned flower distributor just south of the country’s capital.

Events
Monmouth’s Kislak Institute to honor Onyx Equities, Wilcox at annual awards dinner

Hundreds of commercial real estate leaders will descend on Monmouth University next week as the school’s Kislak Real Estate Institute honors Onyx Equities and Gretchen Wilcox, the pioneering mortgage banker and founder of G.S. Wilcox & Co.

People
Pizzolato joins CBRE debt, structured finance team as senior vice president

CBRE has bolstered its debt and structured finance team in New Jersey with the addition of broker Matthew Pizzolato as a senior vice president.

Finance & Capital Markets
Capodagli secures $80 million bridge loan from Greystone for 325-unit Roselle Park project

Greystone has provided an $80 million bridge loan to Capodagli Property Co. for the developer to refinance a 325-unit apartment building in Roselle Park.