Gov. Phil Murphy detailed his plans to update the state’s incentive programs, speaking Wednesday during an event in Jersey City. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd After lashing out at New Jersey’s high-profile tax credit incentives, Gov.…
Stro hires new COO, general counsel
The Stro Cos. has made a new addition to its executive leadership team to help support its quickly expanding portfolio.
Hampshire acquires Hackensack site, its first Opportunity Zone investment
The Hampshire Cos. has made its first investment under the federal Opportunity Zone program, acquiring a parcel near Hackensack University Medical Center that it will redevelop as part of a joint venture.
Edison warehouse buyer lands $41.5 million acquisition loan, HFF says
549 Mill Road in Edison — Courtesy: HFF By Joshua Burd HFF has announced more than $41 million in acquisition financing for a joint venture’s recent purchase of a fully leased, 507,000-square-foot industrial building in Edison. Debt brokers with the…
South Orange restaurant, liquor license trade for $2.8 million
19 Valley St. in South Orange — Courtesy: The Kislak Co.Inc. By Joshua Burd An investor has acquired a well-known restaurant property and a liquor license in downtown South Orange, where a new operator is set to open following the…
Developers, state officials face dual task with Opportunity Zone projects
Amid the rollout of the new federal Opportunity Zone program, developers and public officials are trying to balance two key objectives: Identifying shovel-ready projects — allowing investors to maximize the tax benefits of the law — and steering capital to low-income areas that weren’t already attracting investment and may have higher barriers to entry. The state believes it can check both boxes with the right coordination and by layering in the subsidies that have helped revitalize many of New Jersey’s cities and downtowns.
Where have commercial real estate investors and lenders found unexpected (or lesser-known) opportunities in 2018?
Where have commercial real estate investors and lenders found unexpected (or lesser-known) opportunities in 2018? We assembled a panel of industry experts to tackle our recent roundtable question.
Avison Young touts lease-up, $21 million refinance at upgraded flex building
The owners of a 114,200-square-foot flex industrial building in Bergen County have leased up the property and refinanced for $21.1 million, following a series of transactions arranged by Avison Young.
Pierson announces promotion for retail broker
Pierson Commercial has promoted one of its brokers to the position of director.
Investors debut rehabbed affordable housing in Jersey City (SLIDESHOW)
A joint venture has completed its rehabilitation of Jersey City’s largest privately held Section 8 housing complex, a 483-unit property near the city’s Journal Square section.
