Finance & Capital Markets
Inspired lands construction loan in Asbury Park, bridge loan for Bell Works Fort Monmouth

Inspired by Somerset Development has closed on two significant loan transactions, securing a combined $246 million in financing for a luxury condominium project in Asbury Park and its acclaimed Bell Works Fort Monmouth campus in Tinton Falls.

Industrial
NAIDB: Industrial outdoor storage buyer scores 2.2-acre site in rare South Plainfield deal

A private investor has sold a 2.2-acre industrial outdoor storage parcel in South Plainfield, brokers with NAI DiLeo-Bram & Co. announced Thursday.

Education
Embracing the future: NJIT’s Profeta Real Estate Center launches, with a focus on cross-disciplinary education for a changing industry

New Jersey Institute of Technology marked the official launch of the Profeta Real Estate Center, a program that will combine finance, engineering, architecture and environmental skills in one graduate degree to provide training in all aspects of development and management.

Professional Services
MSW adds four attorneys to expand transactional, litigation and land use teams

Murphy Schiller & Wilkes LLP has welcomed Daniel T. Perlman and Eric Alvarez as partners and Paige M. Guarino and Michael Higgins as associates, bolstering several key practice areas for the Newark-based firm.

Education
NJIT’s Profeta Real Estate Center launching June 23, seeking to reshape real estate education

The Profeta Real Estate Technology, Design and Innovation Center will officially launch next week at New Jersey Institute of Technology, marking the start of what’s meant to be a pioneering cross-disciplinary program to produce the industry’s most well-rounded graduates.

Health Care
HMH debuts pioneering health care center at Metropark — and a blueprint for NJ Transit

A facility that’s meant to be a model of inclusive, convenient access to health care is also a template for the type of transit-oriented development that is critical to New Jersey’s future.

Professional Spotlight
Murphy Schiller & Wilkes LLP

MSW represents a wide range of clients, including major national and international developers, national and regional lending institutions, institutional investors, national contractors and subcontractors, family offices, landlords, tenants and other owners and developers of real property. Our boutique structure and multidisciplinary model allow us to serve an exceptionally diverse client base — from some of the largest real estate developers and private equity firms in the country to closely held family offices.

Education
NJIT opens 25,000 sq. ft. translational research center at NEST campus in Kenilworth

New Jersey Institute of Technology has officially launched a new research hub at the Northeast Science and Technology Center in Kenilworth, where it’s leasing 25,000 square feet from a joint venture that’s repositioning the former Merck & Co. campus.

Industrial
Doors and Spaces buys small-bay property in West Berlin, expanding New Jersey portfolio

Doors and Spaces Industrial has made another addition to its portfolio, acquiring a nearly 17,000-square-foot small-bay facility in suburban Camden County.

Finance & Capital Markets
CBRE: Blackstone 360 lands $60 million permanent loan for 213-unit East Orange high-rise

Blackstone 360 has closed on $60 million in permanent financing for a new 213-unit luxury apartment tower in East Orange, in a deal arranged by CBRE.