Finance & Capital Markets

With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.

C&W: Investors land $27 million acquisition loan for Port Newark spec industrial site

An investment group has procured a $27.3 million acquisition loan for a nearly 10-acre industrial parcel adjacent to Newark Liberty International Airport.

JLL sources $47 million acquisition loan for Thor industrial deal in Passaic

An institutional lender has provided $47 million in financing to Thor Equities Group for a recently acquired, 330,000-square-foot industrial building in Passaic.

Denholtz, Redwood ink $32 million construction loan for Bound Brook rental project, JLL says

A joint venture has landed more than $32 million in construction financing for a planned 143-unit apartment building in Bound Brook, brokers with JLL announced Thursday.

Neuer joins JLL capital markets team in New Jersey

JLL has bolstered its New Jersey capital markets team in the region with the addition of Jeremy Neuer, a prominent broker in the state and an expert in the office sector.

PGIM Real Estate commits $150,000 to nonprofits focused on racial equity, social justice

PGIM Real Estate has announced several new partnerships aimed at bolstering the firm’s commitment to supporting racial equity and social justice in the U.S.

Nonprofit eyes rehab, expansion of Trenton home as permanent hub for living and learning

A nonprofit serving marginalized high school girls in Trenton has purchased a three-story house in the city that it now hopes to renovate into a permanent dwelling for the organization, one that would nearly quadruple its student population, while bringing its team of educators and administrators under one roof.

G.S. Wilcox sources $17 million loan for 130,000 sq. ft. Pennsylvania warehouse project

G.S. Wilcox & Co. has arranged $17 million in construction-to-permanent financing for a 130,435-square-foot warehouse in Eastern Pennsylvania, the Morristown-based firm said.

CMC inks $6.4 million construction loan for Fanwood apartment, retail project

A developer has landed a $6.4 million construction loan for a project that would bring 24 new apartments and retail space to Fanwood, according to Commercial Mortgage Capital.

Developer of five-year-old self-storage building in Westwood refis for $12 million, JLL says

The developer of an 830-unit self-storage facility in Bergen County has refinanced the property for $12 million, according to a debt placement team with JLL.

Buzzworthy

As you’ll read in this month’s cover story, the large, high-profile office deal is alive and well in the pandemic’s aftermath, as blue-chip employers make major investments in their physical footprint. That’s evident by several outsized leases in New Jersey this year of 100,000 square feet or greater, and market experts say there are likely more to come, as corporations look to support their growth while creating a “commute-worthy” environment for its distributed workforce.