JLL inks $19.6 million acquisition loan for Penwood industrial deal in Carlstadt

An affiliate of Penwood Real Estate Investment Management LLC has secured acquisition financing for a nearly 110,000-square-foot Meadowlands industrial building.

Saxum lands $78 million construction loan for Philly rental project, in JLL-brokered deal

Saxum Real Estate has closed on nearly $78 million in financing for the first piece of what will be 466 new luxury apartments in Philadelphia’s growing Northern Liberties neighborhood.

IOREBA unveils high-profile speaker lineup for upcoming ‘Developers Night’ program

The Industrial and Office Real Estate Brokers Association has unveiled a panel of eight industry leaders who will headline its popular Developers Night event next month.

Onyx, Machine Investment Group buy 2 million sq. ft. Merck campus in Kenilworth

Merck & Co. has sold its 108-acre campus in Kenilworth to a joint venture of Onyx Equities and Machine Investment Group, with plans to lease back the nearly 2 million-square-foot complex while it relocates in phases over the next several years.

Stein, Lundy named directors with JLL investment sales team

JLL has added two directors to its Morristown-based investments sales team after a pair of recent promotions.

JLL: Levin Properties refis ShopRite-anchored center in Woodbridge for $43 million

The owner of a ShopRite-anchored retail center in Woodbridge has refinanced the property for more than $43 million, according to a debt placement team with JLL.

C&W: Consultant, insurance firm combine for 35,000 sq. ft. at 10 Exchange Place

The owner of a waterfront office building in Jersey City has inked a new lease and a renewal, both for nearly 18,000 square feet, in a pair of deals arranged by Cushman & Wakefield.

JLL investment sales broker Avanzato promoted to managing director

JLL has promoted Jordan Avanzato to managing director with its Morristown-based investment sales team in the region.

JLL suburban tristate capital markets team inks $4.7 billion in 2022 sales

Brokers with JLL’s suburban tristate capital markets team are forecasting a busy 2023 after a year in which they completed some $4.7 billion in sale transactions.

Lowe’s preleases 103,000 sq. ft. Hamilton warehouse project, Corporate America Realty says

Lowe’s Home Centers Inc. has leased more than 100,000 square feet of new industrial space in Hamilton, filling the second piece of a speculative development near Interstate 295.