Residential & Mixed Use
Developer sells four-year-old, 232-unit Belleville rental complex for $80 million, JLL says
Klein Enterprises has sold a 232-unit luxury apartment property in Belleville, the Maryland-based developer’s first project in New Jersey, in an $80 million deal arranged by JLL.
Amato, veteran Jersey Shore homebuilder, sworn in as NJBA board chair
The New Jersey Builders Association has installed Christopher Amato as its new chair, a key post for the influential trade association and its critical advocacy and education platform.
Rental project at Morristown station advances with $40 million construction loan, CBRE says
A developer has landed a $40 million construction loan for a planned 89-unit luxury apartment building next to NJ Transit’s Morristown station, in a newly announced deal by CBRE.
Kennedy Funding closes $2.5 million land loan for 63-acre St. Thomas portfolio
Kennedy Funding, the Englewood-based direct private lender, has closed a $2.5 million cash-out refinancing loan to the owner of some 63 acres of property on the Caribbean island of Nevis.
Russo sells 111-unit loft-style rental property in Verona for $56 million, CBRE says
Russo Development has sold a 111-unit multifamily property in Verona that it completed as part of an adaptive reuse of a historic factory building, in a deal arranged by CBRE.
