Finance & Capital Markets

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

Retail
Triple Five completes $1.1 billion bond sale needed to reboot American Dream

The developer of the American Dream project in the Meadowlands has assembled the nearly $3 billion financing package needed to complete the massive retail and entertainment complex, allowing it to resume construction and look ahead to a March 2019 opening.

Finance & Capital Markets
Wilcox touts $19 million in financing for Morristown office building acquisition

G.S. Wilcox & Co. has arranged a $19 million loan for a developer’s recent acquisition of a well-known office building in downtown Morristown, the mortgage banking firm said Thursday.

Professional Services
Hosey, a former talent agent, now leading Marcus & Millichap’s growth in New Jersey

Brian Hosey has risen through the ranks of Marcus & Millichap and was hired in 2014 as the regional manager for its northern New Jersey office, where he now oversees a growing sales team of about 40 for the nation’s largest investment real estate brokerage firm for private clients.

Residential & Mixed Use
Investors touts more than $800 million in CRE lending during Q1

A refinancing loan of $26.6 million for this 138,600-square-foot, 148-unit multifamily property in Sayreville is one of several commercial mortgages originated by Investors Bank during the first quarter. — Courtesy: Investors Bank By Joshua Burd Commercial mortgage lenders with Investors…

Finance & Capital Markets
Hartz warehouse properties secure nearly $25 million in financing, Wilcox says

G.S. Wilcox & Co. has arranged $24.7 million in financing across two transactions for Hartz Mountain Industries, the Morristown-based mortgage banking firm announced.

Finance & Capital Markets
Meridian secures $18 million loan for Morris County apartment deal

Meridian Capital Group has brokered $18 million in financing for a client to acquire a 106-unit garden apartment complex in Morris County, the firm said.

Office
Capital markets brokers Welsh, Schulz join Newmark Knight Frank

A team led by two of the state’s top capital markets brokers has joined Newmark Knight Frank, providing a powerful addition to the firm’s investment sales platform in northern New Jersey.

Residential & Mixed Use
Developer secures $49.6 million loan for Hackensack rental project, HFF says

HFF has arranged nearly $50 million in financing for a newly built 222-unit, luxury apartment complex in Hackensack, the real estate services firm said Tuesday.

Retail
Triple Five secures $1.67 billion construction loan for American Dream project

The developer of the American Dream project in the Meadowlands has closed on $1.67 billion in private financing, allowing it to “aggressively move forward” with construction after months of delays at the notoriously stalled retail and entertainment complex.

Finance & Capital Markets
New service brings new benefits to limited partners, investors

Eastern Union Funding has launched a new service aimed at helping limited partners increase their return from a real estate investment — without taking on additional risk. In the process, their general partners will have an opportunity to bring in additional equity.