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.
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.
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.
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.
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.
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.
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.
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.
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.