Finance & Capital Markets

G.S. Wilcox brokers $44M in financing for developers

G.S. Wilcox & Co. has secured more than $44 million in financing tied to three recent transactions, including a $7 million loan for an industrial facility in Totowa.

Professional Services

New Weichert Commercial unit aims to help investor clients

Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.

Finance & Capital Markets

East Orange landlord taps crowdfunding site to reach new investors

A real estate crowdfunding platform has made its first foray into New Jersey with an apartment building in East Orange, where an owner is seeking to recapitalize the property and tap into the demand for rental housing just outside New York City.

Retail

CBRE brokers retail trades totaling $25.5M

Two net leased retail sites in Monmouth and Camden counties have been sold for a total of more than $25 million, in separate deals arranged by brokers with CBRE.

Residential & Mixed Use

Suburban Union County apartments fetch $55M

A buyer has paid $55 million for a 232-unit garden apartment complex in New Providence, in a deal arranged by brokers with Gebroe-Hammer Associates.

Finance & Capital Markets

CBRE arranges $107M loan for buyer of Panasonic tower

A New York-based commercial mortgage lender was the main source of financing for a Kuwait-based firm’s recent $165 million acquisition of the Newark office tower that is home to Panasonic Corp. of North America.

Finance & Capital Markets

HFF: Mack-Cali seeking buyer for 2.2M sq. ft. Bergen County portfolio

With a continued focus on right-sizing its office holdings, Mack-Cali Realty Corp. is looking to sell a sprawling nine-building, 2.2 million-square-foot portfolio in Bergen County.

Finance & Capital Markets

Investors announces more than $300M in CRE loans

Investors Bank has originated than $308 million in loans in recent weeks, financing more than a dozen transactions involving multifamily and commercial properties.

Finance & Capital Markets

Financing aids conversion of Totowa commercial building

HFF has arranged $12.2 million in construction financing for developers to reposition a light industrial building into a 1,246-unit self-storage facility in Totowa, the firm announced.

Finance & Capital Markets

Developers sell iconic Panasonic tower in Newark for $165M

SJP Properties and Matrix Development Group have sold Panasonic’s North American headquarters building in Newark to an overseas investor for a reported $165 million, the firms announced Wednesday.