Finance & Capital Markets
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.

Residential & Mixed Use
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.

Industrial
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.

Finance & Capital Markets
Progress inks $22 million loan for Brooklyn housing developers

A development team has secured a $22 million loan for a newly expanded residential project in Brooklyn, in a transaction arranged by Progress Capital.

Residential & Mixed Use
Woodbridge, Rahway apartment owner sells 87 units for $25.5 million

A developer has sold a six-building, 87-unit apartment portfolio in Woodbridge and Rahway, in a set of newly announced transactions by Gebroe-Hammer Associates.

Finance & Capital Markets
Progress Capital inks $50 million construction loan for charter school project

An investment group has secured a $50 million loan to convert a historic Bronx warehouse to a new charter school, under a newly announced transaction by Progress Capital.

Finance & Capital Markets
Progress Capital: Lyndhurst self-storage project gets $14.5 million construction loan

The developer of a new self-storage facility in Lyndhurst has landed a $14.5 million construction loan for the project, under a transaction arranged by Progress Capital.

Finance & Capital Markets
Jersey City developer lands $120 million in debt, equity for 631-unit project, Progress Capital says

The developer of a 631-unit apartment building in Jersey City has secured $84 million in construction financing and $36 million in equity, Progress Capital announced Friday.

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Retail
Progress Realty acquires 219,000 sq. ft. North Carolina retail center

An affiliate of Tinton Falls-based Progress Capital has added to its out-of-state portfolio, acquiring a 219,000-square-foot shopping center in North Carolina.