JMF Properties, one of New Jersey’s leaders in residential and commercial redevelopment, has emerged from 2019 with a growing roster of brand-name retail and hospitality tenants.
Hospitality & Tourism
Whether it’s the proximity to New York City or all of the tourist attractions that New Jersey has to offer, the Garden State’s hospitality industry is booming. Hotels are increasingly becoming part of major redevelopment projects.
East Brunswick, developer uniting around common goal — transforming Route 18
A new public-private alliance has emerged in East Brunswick, where local leaders and a development team have united to revive a stretch of blighted retail property on Route 18.
Kennedy Funding inks $2.75 million loan for luxury hotel project
Kennedy Funding has closed a $2.75 million loan that will help jumpstart a hotel development in one of Alabama’s largest cities.
Kennedy Funding closes $3 million loan for Belize resort development
Kennedy Funding has added to its international lending portfolio with the closing of a $3 million loan for a waterfront residential development in Belize.
Meadowlands hotel fetches $19 million, Marcus says
An institutional investor has acquired a 244-room hotel in Hasbrouck Heights, in a nearly $19 million sale arranged by Marcus & Millichap.
Real Estate NJ’s 2020 Market Forecast
A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.
Whippany motel fetches $4 million, Newmark says
A motel and restaurant property in Hanover has changed hands for just over $4 million, under a newly announced transaction by Newmark Associates.
Meadowlands chamber unveils new headquarters, meeting space of the future
The Meadowlands Chamber has opened the doors to a new headquarters and visitors center in Lyndhurst, debuting a space with high-end technology and modern meeting rooms that will help expand the resources for businesses in the region.
Joint venture, Marriott open 159-room high-end Montclair hotel (UPDATED)
A development group has completed Montclair’s first ground-up, full-service hotel in more than 80 years, debuting a new 159-room Marriott property in the community’s popular downtown.
Hollister tapped to oversee construction at new Morristown hotel
The developer of a planned boutique hotel in downtown Morristown has retained Hollister Construction Services as its construction manager.
