Events
Milanaik to receive lifetime achievement award as NAIOP honors top CRE deals, professionals

Esteemed developer Jeff Milanaik will headline this year’s NAIOP New Jersey Commercial Real Estate Awards Gala, where the association will also unveil its coveted Deal of the Year winners while honoring several other key figures and service providers.

Features
Pickleball users snapping up retail, industrial space as sports craze spreads in New Jersey

A nationwide post-pandemic fitness trend is also a real estate trend in New Jersey, as indoor pickleball facilities fill available spaces throughout the state.

People
Sitex Group promotes Kaplan to senior vice president

Sitex Group has promoted Jackson Kaplan to senior vice president, citing his role in its investment activities and in growing its portfolio outside New Jersey.

Industrial
Silver Edge: Buyer adds 20,000 sq. ft. Englewood warehouse in $5.3 million deal

The longtime owner of a 20,000-square-foot warehouse in Englewood has sold the property, securing more than $5.3 million in a deal with a private buyer.

Retail
Marcus: Three-unit, 4,200 sq. ft. mixed-use property in Englewood fetches $1.2 million

An investor has purchased a three-unit commercial property in downtown Englewood for nearly $1.2 million, brokers Marcus & Millichap announced recently.

Finance & Capital Markets
Kennedy Funding closes latest land loan to help spur hotel project in Washington State

Kennedy Funding has closed a $1.28 million land loan to a developer hoping to bring a hotel to a growing residential and tourism area in Washington State.

Finance & Capital Markets
Balance sheet lender Bayport Funding sees growing pipeline in North Jersey after recent construction, fix-and-flip financing deals

Real estate lender Bayport Funding is staying bullish on New Jersey after a flurry of recent deals in the state, including a combined $8.25 million in transactions in eastern Bergen County.

Office
NAI Hanson inks partnership interest sale at 18,500 sq. ft. Englewood medical office building

A partner in a medical office building near Englewood Hospital has sold its interest in the property, brokers with NAI James E. Hanson announced Tuesday.

Finance & Capital Markets
Kennedy Funding inks $2.7 million loan for mixed-use project near Tacoma, Washington

Kennedy Funding has closed a $2.7 million loan in connection with a mixed-use project that will bring nearly 600 new multifamily units to a suburb outside Tacoma, Washington.

Finance & Capital Markets
Kennedy Funding inks $2.75 million land loan for 420-unit Kansas City rental project

Kennedy Funding has closed a $2.75 million land loan for a 420-unit multifamily project in Kansas City, Missouri, the Englewood-based firm announced Wednesday.