Valley Bank has tapped a longtime lending executive as a new senior vice president and head of its commercial real estate division.
Over the course of the pandemic, commercial real estate has experienced notable highs and lows. The current market has rebounded vigorously and now exceeds pre-pandemic levels. To learn what’s in store in 2022, we sat down with Cushman & Wakefield’s powerhouse New Jersey Capital Markets team. Founded by Andy Merin in 1987, the team has been involved in more than $34 billion in property sales throughout its tenure.
The developer of more than 600 new apartments in Jersey City’s West Side neighborhood has refinanced the property for $160 million, in a transaction arranged by Progress Capital.
An investor has secured $19.4 million in financing in connection with an office building in Middlesex County and a second near Philadelphia, according to G.S. Wilcox & Co.
Commercial real estate industry leaders gathered recently to celebrate a host of projects and individuals as part of the Urban Land Institute of Northern New Jersey’s annual awards gala.
A joint venture has locked in nearly $97 million in financing to build a new 336-unit luxury apartment building in Jersey City, in a deal arranged by BlueGate Partners LLC.
The owner of a ShopRite-anchored retail property in Hoboken has refinanced the center for $25 million, according to a debt placement team with JLL.
A developer has secured $91 million in construction financing for 275 apartments in Parsippany, helping to kick off the transformation of a former suburban office park.
The owner of a 108,000-square-foot, grocery-anchored shopping center in New Providence has secured $21 million in financing for the site, in a deal arranged by Cronheim Mortgage.