Industrial
Developers ink $15 million construction loan for Montvale self-storage project, JLL says

A joint venture has closed on a nearly $15 million construction loan for a planned 989-unit self-storage facility in Montvale, brokers with JLL announced last week.

Residential & Mixed Use
Hampshire adds to Hackensack rental portfolio with debut of 271-unit project (SLIDESHOW)

The Hampshire Cos. has opened the doors to a new 271-unit luxury apartment building in Hackensack, marking the latest addition to its fast-growing rental portfolio in the city.

Finance & Capital Markets
Tulfra closes on Fulton Bank construction loan for 795-unit Jersey City self-storage project

Tulfra Real Estate has secured construction financing for a planned 795-unit self-storage facility in Jersey City, the first of three phases for a project near Liberty State Park.

Finance & Capital Markets
Lenders Capital closes $2 million loan for Hullfish restaurant project in Lawrenceville

A property owner in Lawrence Township has secured a $2 million loan for a plan to build a new restaurant in the town, in a deal arranged by Lenders Capital Realty Services.

Residential & Mixed Use
Eastern Pacific unveils first phase of Vineland senior housing, breaks ground on second

Eastern Pacific Development has completed the 65-unit first phase of a new senior housing complex in Vineland, with construction now underway on the project’s second piece.

Sponsored Content
The Morris County EDC Presents the 30th Annual Partners in Economic Development Awards

 At the 30th Annual Partners in Economic Development Awards, industry experts from around the state will discuss real estate development in New Jersey and its potential for the next five years. The Morris County Economic Development Corporation is hosting this conference, which will occur on Friday, April 14, 2023, at the Hyatt Regency Morristown. This is a fantastic opportunity for attendees to gain valuable insight into current trends and strategies in real estate development and network with other professionals in the field.

Finance & Capital Markets
Hampshire snags $62 million construction loan for 270-unit Hackensack rental project

An affiliate of The Hampshire Cos. has landed a $62 million construction loan for a 270-unit apartment building in downtown Hackensack, in a newly announced deal by Northmarq.

Residential & Mixed Use
Procida joins developer to break ground on 128 rentals, nonprofit space in Philadelphia

Procida Funding is marking the start of a project that will bring 128 new apartments and office space for a local nonprofit to a West Philadelphia neighborhood.

Finance & Capital Markets
TD Bank touts construction loan, affordable housing rehab in Camden

The Michaels Organization is on track to rehabilitate 64 historic affordable housing units in Camden, thanks in large part to financing from TD Bank and state and local funding sources.

Government & Public Policy
State honors three projects with housing, economic development awards

The state has doled out its annual Governor’s Excellence in Housing and Economic Development Awards, recognizing three well-known projects in northern and central New Jersey.