Finance & Capital Markets

Sica: NJCU project has ‘everything to offer’

In today’s “ecosystem of real estate in New Jersey,” Jeff Sica knows that good opportunities are hard to find when it comes to mixed-use, transit-centric projects that feed off of New York City.

Office

Cushman & Wakefield brokers $5.7M office sale in Montvale

A major accounting firm plans to renovate a 60,000-square-foot office building in Montvale after acquiring the property for $5.7 million, Cushman & Wakefield said.

Finance & Capital Markets

Colliers brokers $63M sale of Hackensack office complex

A joint venture has paid $63 million to acquire the Continental Plaza office complex in Hackensack, in a deal orchestrated by brokers with Colliers International.

Deals

San Francisco REIT acquires Franklin industrial building

Terreno Realty Corp. has acquired a small industrial property in Franklin for $9.1 million.

Finance & Capital Markets

HFF brokers $147M sale of N.Y. multifamily property

A brokerage team from HFF’s New Jersey office has closed the $147 million sale of a 504-unit apartment community in nearby Rockland County, New York.

Finance & Capital Markets

Upgrades planned for historic Union City artist lofts complex

An investment and development firm has acquired the historic Silk Mill Lofts property in Union City, with plans to spend millions on upgrades in order to boost occupancy at the artist-work complex.

Projects

Developer: Crews could return to American Dream in late September

Construction could resume at the stalled American Dream Meadowlands site in the coming weeks, now that efforts to finance the massive project appear to be back on track.

Deals

HFF arranges $73 million loan for Harrison multifamily project

HFF has secured $73 million in financing for Russo Development’s recently completed, 398-unit multifamily community in Harrison, the real estate services firm said Wednesd

Deals

Rockefeller lands $70M construction loan for AVE Florham Park

The Rockefeller Group has secured $70 million in financing on behalf of its joint-venture partnership with Korman Communities for the construction of AVE Florham Park, a flexible-stay community in Florham Park.

Deals

Grocery-anchored retail center in Lyndhurst secures new financing

By Real Estate NJ HFF has arranged a $31 million refinancing for Veterans Square, a 136,928-square-foot grocery-anchored retail center in Lyndhurst. HFF represented the borrower, The Hampshire Cos., in securing a fixed-rate loan from Nationwide Real Estate Investments. The four-building…