Hospitality & Tourism
Owner of Hampton Inn near Newark Airport refis with new senior loan, Cronheim says
The owner of a newly updated hotel near Newark Liberty International Airport has refinanced the property, in a deal arranged by Cronheim Hotel Capital.
Deutsche Bank provides $68 million refi for Crystal Springs Resort in Hamburg
The owners of Crystal Springs Resort in Sussex County have secured a $68 million loan to refinance the sprawling hospitality destination, in a deal arranged by Newmark.
Real Estate NJ’s 2025 Market Forecast
Commercial real estate leaders have entered 2025 with varying levels of optimism. That’s evident from this year’s Real Estate NJ Market Forecast, where you’ll find everything from caution to confidence about how the sector will perform as it balances strong fundamentals in several key asset classes with new regulatory headwinds, nagging inflation and what seems to be a lingering lack of clarity over when lower interest rates will truly impact the industry.
You can read all about it in our 2025 Market Forecast, which features predictions and insights from some of the state’s leading voices in commercial real estate.
Kennedy Funding closes $1.9 million land loan for Ontario resort property
The owner of a resort under construction in Ontario, Canada, is set to acquire another 125 acres for the project, having secured a nearly $1.9 million loan from Kennedy Funding.
EDA approves $4 million grant to expand Showboat family entertainment hub in Atlantic City
A major expansion is coming to Atlantic City’s Showboat Resort, now a family entertainment destination, with the help of more than $4 million in newly approved funding by the state.
