PGIM Real Estate has provided nearly $41 million in financing to a developer that plans to revitalize a 321-unit affordable housing property in Camden, the lender announced.
Saxum Real Estate is marking a banner year after investing in a series of cold storage, industrial and multifamily assets and projects with a combined value of more than $1 billion.
Saxum Real Estate has recapitalized a six-property, 1.5 million-square-foot portfolio of cold storage buildings under a newly completed partnership with a national investment firm.
A fast-growing cabinet maker has leased nearly 200,000 square feet at Linden Logistics Center, the new 4.1 million-square-foot industrial park in Linden developed by Advance Realty Investors, Greek Real Estate Partners and PGIM Real Estate.
A joint venture has secured a $180 million construction loan for what will be a two-building, 1.7 million-square-foot industrial park just off the Delaware Memorial Bridge in Salem County.
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.
The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.
