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
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.

Residential & Mixed Use
Gebroe-Hammer notches nearly $150M in sales over 90 days

Brokers with Gebroe-Hammer Associates have made the most of their home field advantage in recent months, closing 15 different multifamily sales in Essex County in the past 90 days.

Finance & Capital Markets
Gebroe-Hammer brokers three Jersey Shore multifamily deals

Two multifamily properties in Asbury Park have changed hands for more than $9 million, one of three Jersey Shore-area deals arranged recently by Gebroe-Hammer Associates.

Finance & Capital Markets
NAI Hanson brokers $25.5M refinance of Woodbridge retail site

The owner of a 122,643-square-foot retail complex with national tenants in Woodbridge has refinanced the property for $25.5 million, following a deal arranged by NAI James E. Hanson.

Office
AY: Clifton office complex sold for $13M after upgrades

A joint venture has sold two Clifton office buildings for more than $13 million after a recent series of interior upgrades, Avison Young announced Monday.

Finance & Capital Markets
HFF: Investor to acquire, upgrade Linden industrial building

HFF has arranged $7 million in acquisition financing for a real estate investment firm to acquire a fully leased 115,913-square-foot industrial building in Linden, the brokerage said Thursday.