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
Capodagli lands $65 million loan for 325-unit rental project, Greystone says

Capodagli Property Co. has secured a $65 million construction loan for a planned 325-unit multifamily project in Union County, in a newly announced transaction by Greystone.

Top News
CBRE: Tristate data center demand still strong, with inventory still limited

Data center vacancy in the tristate area reached an all-time low in 2020, according to CBRE, thanks in part to demand fueled by cloud providers, health care and financial institutions.

Finance & Capital Markets
Vineland garden apartment owner lands $4.6 million loan, Cronheim says

The owner of a 100-unit garden apartment complex in Vineland has secured more than $4.5 million in financing, according to a debt placement team with Cronheim Mortgage.

Finance & Capital Markets
Stro inks $28 million refi for industrial buildings in Union, Bergen counties

The Stro Cos. has secured nearly $28 million to refinance a five-building, 340,000-square-foot portfolio of industrial buildings in Union and Bergen counties.

Finance & Capital Markets
Investors Bank inks loans for Montclair, Lawnside apartments among recent activity

Investors Bank is touting the completion of more than $2 billion in commercial real estate lending volume in 2020, including continued financing of new construction and acquisitions.

Residential & Mixed Use
Owner of 267-unit rental tower in Hackensack lands $60 million refi, JLL says

The owner of a well-known, 18-story apartment tower in Hackensack has refinanced the property for $60 million, according to a debt placement team with JLL.

Finance & Capital Markets
C&W: Camber lands $70 million loan for South Jersey, Bucks County industrial deal

Camber Real Estate Partners has secured a nearly $70 million acquisition loan for a 25-building, 1.24 million-square-foot light industrial portfolio in South Jersey and Pennsylvania.

Finance & Capital Markets
Bergenfield garden apartment complex owner lands $11.1 million loan, Cronheim says

Cronheim Mortgage has secured $11.1 million in financing for the owner of a 150-unit apartment complex in Bergenfield, the Chatham-based brokerage firm announced.

Professional Services
Progress Capital opens Florida office, names new lead executive in region

Progress Capital has expanded its footprint to Southwest Florida, where it has opened a new office led by a finance and commercial real estate industry veteran.

Industrial
Elberon, Fidelco land $34 million loan for Elizabeth cold storage project, JLL says

A development team has secured a $34 million construction loan for a new 140,000-square-foot cold storage building on the border of Elizabeth and Newark, in a deal arranged by JLL.