Residential & Mixed Use
Kennedy Funding lends $1.2 million to help foreign national buy Baltimore apartments
A foreign investor has acquired a 19-unit apartment complex in Maryland with the help of a $1.2 million loan from Kennedy Funding, the Englewood-based direct private lender.
Things to do
As you’ll read in this month’s cover story, the Queen City is now working to attract new retail, recreation and dining options to support its growing population. Look no further than PickleRage, the new 40,000-square-foot pickleball club that just opened under a project by ECA Developers. That’s just one example, according to the story by Marlaina Cockcroft, coming alongside a new $10 million aquatics complex that debuted last summer and plans for a 55,000-square-foot recreation and cultural center with a pool, event and performance space, workforce development facilities and an art gallery, as well as a building with 220 affordable units.
A guiding force: Why time with Newark Alliance will loom large for new EDA chief Weiss
Evan Weiss had his reasons for leaving state government in 2021. One of them, he recalls, was “because I started to feel so removed” from the constituents who were affected by the sweeping policies and billions in funds he helped deploy as a top adviser to Gov. Phil Murphy.
He rediscovered that connection as head of the nonprofit Newark Alliance, a role he held for four years — and one that will loom large as he returns to Trenton as CEO of the state Economic Development Authority.
P3 buys 147-unit Passaic rental property in $49 million deal with Birch Group, C&W says
P3 Properties has made a major acquisition in Passaic, adding a 147-unit multifamily property with further development potential in a deal arranged by Cushman & Wakefield.
CBRE: Hoboken retail property, would-be development site, trades for $8.2 million
A developer is eyeing plans for a new mixed-use project in Hoboken after acquiring a downtown retail property for more than $8 million, brokers with CBRE announced Monday.
