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
Essex County multifamily deal gets $28M in financing

Eastern Union Funding has arranged nearly $28 million in financing for a private buyer to acquire a 641-unit multifamily portfolio in Newark and Irvington, the firm announced.

Finance & Capital Markets
Kislak: Elizabeth apartment sales total $12.3 million

Five multifamily buildings have new owners after a series of investment sales brokered by The Kislak Co. Inc.

Finance & Capital Markets
HFF closes sale of Riverdale apartment complex

An investment group has acquired a 212-unit, midrise apartment property in Riverdale, in a deal arranged by brokers with HFF.

Residential & Mixed Use
At N.J. apartment summit, experts tout a dual-powered market

Experts touted the success of two separate classes in the state’s multifamily sector. One set consists of the high-end, newly built rentals along the Hudson waterfront, while the other includes the older, garden-style apartments that are farther west, but ripe for value-add improvements.

Office
MetLife building in Hanover fetched nearly $100M

MetLife Investments’ newly completed headquarters attracted a sale price of $95 million, in a recently announced deal that culminated of high-profile redevelopment effort in Hanover.

Finance & Capital Markets
CBRE arranges $5M refinancing for Asian food distribution center

The owner of a refrigerated warehouse in Jersey City has obtained a $5 million loan to refinance the property, CBRE Group announced Friday.

Finance & Capital Markets
CBRE: $62M office deal is latest investment sale in Secaucus

A private investor has paid $62 million to acquire 100 Plaza Drive in Secaucus, making it the latest property to change hands in the town’s signature Harmon Meadow complex.

People
Marcus & Millichap adds Hudson County specialist

An investment sales specialist has found a new home at Marcus & Millichap’s northern New Jersey office, the firm announced Wednesday.

Finance & Capital Markets
Kislak brokers $4.25M apartment sale outside N.J.

Brokers with The Kislak Co. Inc. in Woodbridge have arranged the $4.25 million sale of two multifamily properties in New York’s Hudson Valley region, the firm announced Tuesday.

Office
Colliers: Pine Brook office building trades for $2.5 million

A private investor has paid $2.5 million for an office building just outside Parsippany, in a value-add deal brokered by Colliers International.