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
LMXD, MCI and Newark Museum secure $94 million in financing for arts campus project

A development team has closed on $94 million in financing for a plan to bring 250 apartments, retail space and a new gallery to the Newark Museum of Art’s campus on Central Avenue.

Finance & Capital Markets
W&D: Nasser Freres inks $245 million loan to complete Journal Square rental tower

Nasser Freres has scored a $245 million construction loan to complete a 622-unit apartment tower in Jersey City, in a deal arranged by Walker & Dunlop.

Finance & Capital Markets
CBRE: Daten Group secures $17 million refi of 46-unit Hoboken rental property

The developer of a 46-unit luxury apartment building in Hoboken has refinanced the property with a $17 million loan, in a newly announced deal by CBRE.

Finance & Capital Markets
Developers land $250 million in financing for 132-unit Long Branch condo project

A development team has secured more than $250 million in financing for a plan to bring 132 lavish condominiums to the Atlantic Ocean shoreline in Long Branch.

Finance & Capital Markets
JLL: Hornrock, GTIS close $115 million refi for new 389-unit Hackensack rental project

A joint venture has snagged $115 million in financing for a new two-phase, 389-unit multifamily development in downtown Hackensack, in a newly announced deal by JLL.

Finance & Capital Markets
JLL: Nuveen closes $115 million refi for New Jersey, New York self-storage portfolio

Nuveen Real Estate has provided a $115 million loan to refinance a portfolio of nine self-storage facilities across the tristate region, brokers with JLL announced Friday.

Finance & Capital Markets
JLL: BLP inks $10.3 million construction loan for 76,000 sq. ft. Somerset warehouse project

Bridge Logistics Properties has obtained $10.3 million in construction financing for more than 76,000 square feet of new speculative warehouse space in the Somerset section of Franklin.

Finance & Capital Markets
Summit Associates secures financing for 113,000 sq. ft. industrial portfolio in Edison, JLL says

Summit Associates Inc. has closed on financing for more than 113,000 square feet of industrial space in Edison’s Raritan Center, in a newly announced deal by JLL.

Finance & Capital Markets
Tulfra closes on Fulton Bank construction loan for 795-unit Jersey City self-storage project

Tulfra Real Estate has secured construction financing for a planned 795-unit self-storage facility in Jersey City, the first of three phases for a project near Liberty State Park.

Industrial
Newmark: Ares provides $135 million loan for East Hanover cold storage, warehouse project

The developers of some 584,000 square feet of new cold storage and industrial space in East Hanover have secured a $135 million construction loan, brokers with Newmark said Tuesday.