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
Russo secures $90 million loan for final apartment phase in Union, G.S. Wilcox says

Russo Development has landed $90 million in permanent financing for a new 309-unit apartment community in Union Township, according to a debt placement team with G.S. Wilcox & Co.

Finance & Capital Markets
JLL: Delta Equity Management refis new 196,000 sq. ft. industrial building

The developer of a new distribution center in Bayonne has secured funds to refinance the nearly 196,000-square-foot property, according to a debt placement team with JLL.

Finance & Capital Markets
STRO, Valley ink $11 million refi for 81,000 sq. ft. Hackensack industrial park

The STRO Cos. has secured an $11 million loan to refinance an 81,000-square-foot industrial park in Hackensack.

Events
IOREBA panel conveys optimism, pragmatism amid market uncertainty (SLIDESHOW)

Speaking at IOREBA’s annual Developers Night, a panel of industry leaders offered both optimism and assuredness, but also frustration about a market that is still fundamentally strong in many respects but grinding along in the face of economic headwinds.

Finance & Capital Markets
Prime City, Manasquan Bank ink $7.5 million construction loan for Long Branch rental project

A developer has closed on $7.5 million in construction financing for a 31-unit apartment building in Long Branch, with a groundbreaking set to take place next month.

Photos
Inaugural ‘Deals & Dollars’ networking event draws 350 top CRE professionals

A new networking series for New Jersey’s commercial real estate sector is off to a fast start, having drawn more than 350 industry professionals to a recent event in Jersey City.

Finance & Capital Markets
Hampshire snags $62 million construction loan for 270-unit Hackensack rental project

An affiliate of The Hampshire Cos. has landed a $62 million construction loan for a 270-unit apartment building in downtown Hackensack, in a newly announced deal by Northmarq.

Finance & Capital Markets
Developers ink $58 million refi of 240-unit Journal Square rental building, JLL says

The owners of a six-year-old, 240-unit luxury apartment building in Jersey City have closed on $58 million in financing for the property, according to a debt placement team with JLL.

Finance & Capital Markets
BLT lands $257 million Greystone loan for The Beacon in Jersey City, C&W says

The owner of the nearly 1,200-unit apartment complex known as The Beacon in Jersey City has snagged more than $257 million in financing, brokers with Cushman & Wakefield announced.

Finance & Capital Markets
Progress sources $61 million acquisition loan for Vision Properties deal in Northern Virginia

An investor has secured more than $60 million in acquisition financing for a 270,000-square-foot office building in Northern Virginia, in a deal arranged by Progress Capital.