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
Wells Fargo inks $150 million construction takeout loan for 424-unit Hoboken rental project

Intercontinental Real Estate Corp. has secured $150 million in financing from Wells Fargo for a 424-unit luxury apartment in western Hoboken.

Finance & Capital Markets
Urban Edge refis Bergen Town Center for $290 million, JLL says

Urban Edge Properties has secured $290 million to refinance its 1 million-square-foot Bergen Town Center in Paramus and Maywood, in a newly announced deal by JLL.

Finance & Capital Markets
JLL sources $35 million construction loan for latest Hampshire, Invesco warehouse project

Invesco Real Estate and The Hampshire Cos. have obtained a $34.5 million construction loan to build nearly 188,000 square feet of new industrial space in Bergen County.

Finance & Capital Markets
JLL: Hampshire, Invesco land $39 million acquisition loan for Teterboro industrial deal

A joint venture has acquired a nearly 222,000-square-foot industrial building in Teterboro with the help of $39 million in financing secured by JLL, the debt placement team said Tuesday.

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.