A development team has secured a $22 million loan for a newly expanded residential project in Brooklyn, in a transaction arranged by Progress Capital.
As you’ll find out in this month’s cover story, developers and brokers that have long focused on New Jersey are now stretching beyond the traditional boundaries of the state’s industrial market. And they are stretching them in every direction — for different reasons — in their quest to keep pace with tenants that are adopting a more regional approach.
Bridge Development Partners’ highly successful team in New Jersey is heading to Brooklyn, as part of a joint venture that is buying a site with plans to build more than 1.5 million square feet of new industrial space.
The Stro Cos. has leased 11,600 square feet in Woodbridge to a Brooklyn-based firm that was seeking warehouse space for two of its business lines, the landlord said Tuesday.
A property management firm is relocating from Brooklyn to a recently upgraded office building in Bergen County, following a 1,440-square-foot lease arranged by NAI James E. Hanson.
A manufacturer that is moving operations from Brooklyn has purchased a 55,560-square-foot industrial building in Carteret, in a $5.1 million sale brokered by Bussel Realty Corp.
Procida Funding LLC has closed a $7.65 million construction loan for a planned 12-unit townhome project in Brooklyn, the Englewood Cliffs-based firm announced.