Finance & Capital Markets
LCOR, Madison International land $87 million loan for Montclair luxury apartments
The owners of a two-building, 258-unit multifamily property in Montclair have closed on more than $87 million in financing for the asset, in a deal arranged by JLL.
Developer snags $63 million permanent loan for new Jersey City rentals, BlueGate says
Fields Grade Development has landed $63 million in permanent financing in connection with a new luxury apartment complex in Jersey City, according to BlueGate Partners LLC.
Veteran banker Markey joins Valley as senior vice president, head of CRE division
Valley Bank has tapped a longtime lending executive as a new senior vice president and head of its commercial real estate division.
What’s in store for New Jersey’s commercial real estate market in 2022?
Over the course of the pandemic, commercial real estate has experienced notable highs and lows. The current market has rebounded vigorously and now exceeds pre-pandemic levels. To learn what’s in store in 2022, we sat down with Cushman & Wakefield’s powerhouse New Jersey Capital Markets team. Founded by Andy Merin in 1987, the team has been involved in more than $34 billion in property sales throughout its tenure.
Developer of 629-unit Jersey City rental property lands $160 million perm loan
The developer of more than 600 new apartments in Jersey City’s West Side neighborhood has refinanced the property for $160 million, in a transaction arranged by Progress Capital.
