The owner of a loft-style apartment building in Passaic has tapped Cervelli Real Estate and Property Management as its leasing team for the property’s commercial space.
Real estate lender Bayport Funding is staying bullish on New Jersey after a flurry of recent deals in the state, including a combined $8.25 million in transactions in eastern Bergen County.
A private lender has closed a nearly $35 million loan to finance The Birch Group’s acquisition of a newly opened, 147-unit multifamily property in Passaic.
A building with 23 apartments and a restaurant space in Passaic has traded for $2.5 million, in one of two newly announced deals by The Kislak Co. Inc.
An investor has purchased a 23-unit apartment building in Passaic for $4.5 million, in the largest of three newly announced deals in the region by Gebroe-Hammer Associates.
New Jersey’s fast-growing film and television industry has created a boom in studio construction and a new market for commercial spaces that can serve as set locations, as state officials take new steps to help more municipalities reap the benefits.
Stonemont Financial Group has acquired some 20 acres in Passaic where it plans to build nearly 300,000 square feet of new high-end industrial space just off Route 21.
