Finance & Capital Markets
G.S. Wilcox sources $17 million loan for 130,000 sq. ft. Pennsylvania warehouse project
G.S. Wilcox & Co. has arranged $17 million in construction-to-permanent financing for a 130,435-square-foot warehouse in Eastern Pennsylvania, the Morristown-based firm said.
CMC inks $6.4 million construction loan for Fanwood apartment, retail project
A developer has landed a $6.4 million construction loan for a project that would bring 24 new apartments and retail space to Fanwood, according to Commercial Mortgage Capital.
Developer of five-year-old self-storage building in Westwood refis for $12 million, JLL says
The developer of an 830-unit self-storage facility in Bergen County has refinanced the property for $12 million, according to a debt placement team with JLL.
Buzzworthy
As you’ll read in this month’s cover story, the large, high-profile office deal is alive and well in the pandemic’s aftermath, as blue-chip employers make major investments in their physical footprint. That’s evident by several outsized leases in New Jersey this year of 100,000 square feet or greater, and market experts say there are likely more to come, as corporations look to support their growth while creating a “commute-worthy” environment for its distributed workforce.
Provident, Lakeland to merge in $1.3 billion deal that will fortify CRE lending platforms
Provident Bank and Lakeland Bank are joining forces under a $1.3 billion merger announced Tuesday, bringing together two key lenders in the state’s commercial real estate sector.
