Investors Bank has closed nearly a dozen commercial real estate loans valued at $227 million in recent months, including more than $90 million in transactions for its New Jersey clients.
The team behind a 180-unit multifamily development in North Haledon has secured a $34 million construction loan for the project, according to a capital markets team with JLL.
Tulfra Real Estate and The Hampshire Cos. have broken ground on a new residential project, with plans to bring 180 apartments to an undersupplied section of northern New Jersey.
Greater Trenton, the capital city’s nonprofit economic development arm, has tapped Investors Bank CEO and President Kevin Cummings as its new board chairman.
Somerset Development has completed its long-awaited acquisition of 31 acres in downtown Somerville, paving the way for a project that includes more than 500 residential units and other uses adjacent to the borough’s train station.
Investors Bank has closed on a $30 million loan to refinance a nearly 400,000-square-foot office park in Bloomfield, the largest among several newly announced transactions.
Investors Bank inked nearly $2.5 billion in commercial real estate loans in 2018, including $385 million in volume across 19 transactions to close out the year.
A private investor has sold a 2,760-square-foot, net-leased bank property in Bordentown, in a nearly $1.7 million deal arranged by Marcus & Millichap.