Residential & Mixed Use
Developers break ground on Parsippany project with downtown-style retail, 498 apartments

A joint venture has broken ground on its redevelopment of a former suburban office property in Parsippany, with plans calling for 60,000 square feet of retail and restaurant space, 498 luxury apartments and a pedestrian-friendly design meant to evoke a town center.

Finance & Capital Markets
Urban Edge refis Bergen Town Center for $290 million, JLL says

Urban Edge Properties has secured $290 million to refinance its 1 million-square-foot Bergen Town Center in Paramus and Maywood, in a newly announced deal by JLL.

Finance & Capital Markets
New York Life lends $65 million for new Kearny industrial project

New York Life Real Estate Investors has completed a $65 million loan to the developer of a nearly 420,000-square-foot industrial building in Kearny.

Finance & Capital Markets
Jersey City: NYL inks $138 million loan for 45-story rental tower

A development team has landed financing for the second of two 45-story apartment towers in Jersey City, securing a $138 million loan from New York Life Real Estate Investors.

Industrial
CBRE: New York Life, logistics firm ink 250,000 sq. ft. lease in Edison

A logistics firm is leasing nearly 250,000 square feet of industrial space in Edison, under a newly announced transaction by CBRE.

Finance & Capital Markets
NYL inks $60.2 million mortgage for Hartz industrial portfolio

Hartz Mountain Industries has landed a $60.2 million loan from New York Life Real Estate Investors for a five-building, 613,726-square-foot industrial portfolio in three municipalities.

Finance & Capital Markets
Somerville: HFF inks $13.25 million refi for 69-unit rental complex

The developer of a new 69-unit high-end apartment building in Somerville has refinanced the property for $13.25 million, brokers with HFF announced Wednesday.

Finance & Capital Markets
New York Life, Hartz ink $115 million mortgage for Secaucus rental property

New York Life Real Estate Investors has completed $115 million in financing for Hartz Mountain Industries and its newly completed, 469-unit apartment complex in Secaucus.

Finance & Capital Markets
New York Life inks $31 million loan for Jersey City office building

Hartz Mountain Industries has landed $31 million in financing for a well-known office building on the Hudson waterfront, thanks to a loan provided by New York Life Insurance Co.

Finance & Capital Markets
New York Life inks $135 million loan for mixed-use Fort Lee project

New York Life Insurance Co. has originated $135 million in financing for Hudson Lights, the two-year-old residential and retail property near the George Washington Bridge in Fort Lee.