Finance & Capital Markets
Newark industrial owner inks $797,000 refi with Valley Bank

Valley Bank has closed a nearly $800,000 cash-out refinance loan to the owner of a Newark industrial property, the Morristown-based lender announced Wednesday.

Residential & Mixed Use
Developers unveil $42 million update, preservation of 99-unit Newark senior housing complex

Tredway and LIHC Investment Group have completed their renovation of a nearly 50-year-old senior housing complex in Newark, part of a project that also extended the affordability of its 99 apartments for another 30 years.

Community
Newmark Associates visits Newark high school, giving students an ‘immersive introduction’ to commercial real estate

For a group of Newark teenagers, a recent school day came with a glimpse into the world of commercial real estate.

Finance & Capital Markets
Drew Capital sources $16 million construction loan for Giga Holdings rental project in Newark

Giga Holdings has scored a $16.25 million construction loan for a 77-unit multifamily project in Newark’s University Heights neighborhood, in a newly announced deal by Drew Capital.

Deals
Newmark: Goodman buys landmark Anheuser-Busch brewery site in Newark for $360 million

The now-shuttered Anheuser-Busch brewery at 200 Route 1 in Newark has been a fixture in the city for some 75 years. By Joshua Burd Anheuser-Busch has reaped $360 million from the sale of its iconic former brewery complex just west…

Professional Services
Fielding joins FBT Gibbons real estate group as partner

FBT Gibbons has bolstered its real estate team in the region with the addition of Matthew D. Fielding as a partner in its Newark office.

Professional Services
NAI Hanson Management lands three new assignments in New Jersey, New York

NAI James E. Hanson has added to its property management portfolio in the region after securing assignments for three properties totaling more than 591,000 square feet.

Professional Services
Wilkes, regional leader of Ware Malcomb civil practice, elevated to principal

Ware Malcomb has promoted Ed Wilkes to principal, a move that highlights his role in building its civil engineering practice in New Jerey and across the East Coast.

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.

Industrial
Schmidt Baking takes 20,000 sq. ft. in Newark industrial deal with Seagis, Blau & Berg says

Seagis Property Group has secured a new tenant in Newark, leasing nearly 20,000 square feet of industrial space to a division of America’s largest family-owned variety baker.