Finance & Capital Markets

Spencer inks $19 million loan for North Brunswick furniture store, strip center

Spencer Savings Bank has closed on a $19 million loan for a major furniture store in North Brunswick, touting its second large commercial real estate transaction in recent months.

Retail

Advance lands $72.5 million loan for mall redevelopment in Morris County

Advance Realty Investors has obtained a $72.5 million construction loan that will pave the way for it to transform an aging mall in western Morris County, Cushman & Wakefield announced.

Finance & Capital Markets

Cliffside Park condo developer lands $64 million inventory loan

DMG Investments has closed on a $64 million inventory loan for its newly developed, 14-story luxury condominium building in Cliffside Park.

Finance & Capital Markets

JLL sources $11 million loan for Totowa data center

Russo Development has secured $11 million in financing for a single-tenant data center in Totowa, in a newly completed transaction by JLL.

Finance & Capital Markets

Sparta ShopRite owner secures $12 million loan, G.S. Wilcox says

The owner of a new supermarket and liquor store at a Sparta shopping center has landed $12 million in financing, following a transaction arranged by G.S. Wilcox & Co.

Finance & Capital Markets

CBRE inks $150 million loan for Mack-Cali office building in Hoboken

Mack-Cali Realty Corp. has secured a $150 million loan to refinance a waterfront office building in Hoboken, brokers with CBRE announced Tuesday.

Finance & Capital Markets

Roseland refinances luxury apartment property in Morris Plains

JLL has arranged $43 million in financing for a newly built, 197-unit luxury apartment property in Morris Plains developed by Roseland Residential Trust.

Finance & Capital Markets

Developers land construction loan for 220-unit Englewood rental project

A joint venture is eyeing a 2020 delivery for new luxury apartments in Englewood, brokers with JLL said, having secured construction financing for the 220-unit project.

Finance & Capital Markets

Progress inks $16 million acquisition loan for student housing portfolio

Progress Capital has arranged $16 million in financing for a client to acquire a 219-bed, multisite student housing portfolio near Pennsylvania’s Lehigh University.

Finance & Capital Markets

Meridian inks $21.3 million loan for 450-unit rental property in Burlington Co.

The developer of a 450-unit luxury apartment property in Willingboro has landed more than $21 million in financing, in a transaction arranged by Meridian Capital Group.