Progress Capital opens Florida office, names new lead executive in region

Progress Capital has expanded its footprint to Southwest Florida, where it has opened a new office led by a finance and commercial real estate industry veteran.

Jersey City apartment developer lands $30 million construction loan, Progress Capital says

A developer has secured a $30 million construction loan to complete a 99-unit apartment building in Jersey City, in a newly announced transaction by Progress Capital.

Progress inks $14.5 million loan for Bronx housing redevelopment

The developer of an 11-story apartment building in the Bronx has landed more than $14 million in financing for the project, according to an advisory team with Progress Capital.

OneWall sells 641-unit portfolio in Newark, Irvington for $72 million

A multifamily investment firm has sold a seven-building, 641-unit portfolio in Newark and Irvington for $72 million, nearly doubling the price it paid for the properties in 2016.

East Orange, Irvington apartments change hands for $92.5 million

A joint venture has reaped more than $90 million from the sale of 702 apartments across two dozen buildings in Essex County, according to brokers with Marcus & Millichap.

Progress Capital inks $22 million loan for new Camden County apartments

The developer of 141 apartments in Camden County has landed nearly $22 million in financing, under a transaction arranged by Progress Capital.

Progress inks $16 million construction loan for Bronx project

The developer of a 53-unit, mixed-income residential project in the Bronx has secured a $16 million construction loan, in a transaction arranged by Progress Capital.

Progress Capital inks $13.5 million in financing for Queens rental project

Progress Capital has arranged $13.5 million in financing for a redevelopment project in New York City’s Rockaway Park neighborhood.

Journal Square apartment buildings fetch $10 million, Gebroe-Hammer says

The longtime owner of two Jersey City apartment buildings has sold the 57-unit portfolio for nearly $10 million, in a newly announced transaction by Gebroe-Hammer Associates.

Amazon opens new 130,000 sq. ft. delivery station in Mount Olive

Amazon is touting the opening of a new 130,000-square-foot delivery station in Mount Olive, one of 14 newly announced facilities that it will occupy in New Jersey.