NAI James E. Hanson has brokered two lease renewals at a nearly 143,000-square-foot industrial building in East Rutherford, the real estate services firm said Tuesday.
The developer of the American Dream project in the Meadowlands has closed on $1.67 billion in private financing, allowing it to “aggressively move forward” with construction after months of delays at the notoriously stalled retail and entertainment complex.
JLL has continued the expansion of its retail brokerage team in New Jersey with the hiring of Eduardo Pena, an industry expert with more than 20 years of experience.
An education-themed entertainment center is slated to occupy 80,000 square feet within the planned American Dream complex in East Rutherford, the operator said Monday.
Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.
Terreno Realty Corp. has leased 85,000 square feet of industrial space in East Rutherford to a designer, developer and distributor of outdoor tools, the landlord said Monday.
The developer seeking to complete the American Dream Meadowlands project is moving ahead with plans to seek $1.15 billion in bonds for the project, now that an opposition group has agreed to drop its challenge.
A state appeals court has ruled in favor of the state’s efforts to complete the American Dream Meadowlands project, dismissing a challenge to a $1.15 billion bond issuance that would help a developer resume construction at the stalled retail and entertainment complex.
A state authority has amended two resolutions that will allow a developer to seek more than $1 billion in bonds to help it complete the sprawling American Dream Meadowlands project.
