JLL: Levin Properties refis ShopRite-anchored center in Woodbridge for $43 million

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.

SJP, PGIM unveil new rooftop terrace to complete overhaul of Park Avenue office tower

SJP Properties and PGIM Real Estate have completed a major renovation of a 300,000-square-foot office and retail building in Midtown Manhattan.

Investors take pause, reassess as interest rates shock commercial real estate market

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.

Samsung takes 735,000 sq. ft. in Linden, as N.J. industrial rents continue surge in Q3

Industrial rents in northern and central New Jersey continued to soar in the third quarter, amid ongoing demand for relatively few spaces and locations near the New Jersey Turnpike, fueling deals such as Samsung’s lease for more than 735,000 square feet in Linden.

PGIM Real Estate commits $150,000 to nonprofits focused on racial equity, social justice

PGIM Real Estate has announced several new partnerships aimed at bolstering the firm’s commitment to supporting racial equity and social justice in the U.S.

Russo, PGIM set to break ground on 200,000 sq. ft. Mahwah industrial project

Russo Development and PGIM Real Estate have completed demolition of a defunct office complex in Mahwah, paving the way for construction of a new 200,000-square-foot industrial building at the site.

LCOR, Madison International land $87 million loan for Montclair luxury apartments

The owners of a two-building, 258-unit multifamily property in Montclair have closed on more than $87 million in financing for the asset, in a deal arranged by JLL.

Joint venture eyes 1.7 million sq. ft. logistics park after buying 282 acres in Salem County

CT Realty and PGIM Real Estate have acquired 282 acres in Salem County for a plan to develop a two-building, 1.7 million-square-foot industrial park at the Delaware Memorial Bridge.

Petrucci, PGIM sell 511,000 sq. ft. Phillipsburg warehouse for $110 million

A joint venture has sold a newly built, 511,200-square-foot industrial building in Phillipsburg for $110 million, allowing a Boston-based firm to expand its footprint in the state.

Russo, PGIM eye 200,000 sq. ft. industrial building after buying Mahwah office property

A joint venture has closed on the site of a Mahwah office building that it now plans to redevelop as 200,000 square feet of modern industrial space, brokers with CBRE said Monday.