First Bank, Malvern secure approvals to complete $150 million merger

First Bank has secured a series of state and federal regulatory approvals to acquire Malvern Bancorp Inc., with plans to complete the previously announced deal in the coming weeks.

First Bank

First Bank works with New Jersey real estate developers and investors on a variety of properties that include multifamily, office, retail, industrial, hotels and medical buildings. The community bank’s typical real estate loans are $3 million to $5 million up to $35 million. The community bank operates with a long-term mindset. It recognizes that its reputation is its most valuable asset. To preserve its good name, First Bank keenly focuses on delivering the best long-term results. By providing great recommendations and following through on its promises, the community bank continues to provide unmatched service to help investors and businesses succeed.

Tulfra, Hampshire tout momentum at Belleville site with construction loan, Starbucks lease

Tulfra Real Estate and The Hampshire Cos. have landed a nearly $6.4 million loan to fund the construction of three additional retail pads at a mixed-use site in Belleville.

Devli acquires 175,000 sq. ft. Meadowlands industrial building

Devli Real Estate has purchased a 175,000-square-foot industrial building in East Rutherford, marking the latest addition to its portfolio in northern New Jersey.

Tulfra completes, sells new self-storage building in Rochelle Park

Tulfra Real Estate has completed the sale of a newly developed, 113,000-square-foot self-storage building in Rochelle Park.

JLL inks $9 million loan for owners of 78,000 sq. ft. industrial building

An investment group has landed a $9 million loan for a recently acquired industrial building in Berkeley Heights, in a newly completed transaction by JLL.

Tulfra inks $10.3 million loan for Rochelle Park self-storage project

Tulfra Real Estate is on track to begin its redevelopment of a former AT&T data center site in Rochelle Park after landing a $10.3 million construction loan for a new self-storage facility.

Developer refis 79,000 sq. ft. office building for $8.8 million, HFF says

The owner of an office building in Eatontown has refinanced the property for $8.8 million, in a transaction arranged by brokers with HFF.

Tulfra acquires Cranford site, plans redevelopment

Tulfra Real Estate has acquired a defunct industrial property in Cranford that it now plans to redevelop as a QuickChek store.

Bank inks 11,000 sq. ft. lease near Hamilton HQ

A community bank has expanded it footprint at its home base in Hamilton, under an 11,000-square-foot lease brokered by Mercer Oak Realty.