Finance & Capital Markets
Sierotko promoted to EVP, chief lending officer at Provident

Provident Bank has promoted its top commercial real estate lender to executive vice president, chief lending officer.

Finance & Capital Markets
JLL sources $17.5 million loan for mixed-use Red Bank project

Denholtz Properties has secured more than $17 million in financing to develop 57 luxury apartments and retail space in Red Bank, brokers with JLL announced Thursday.

Finance & Capital Markets
Provident to acquire SB One in $209 million bank merger

The parent company of Provident Bank is set to acquire SB One Bancorp, paving the way for what would be the third-largest lending institution in New Jersey.

Sponsored Content
Real Estate NJ’s 2020 Market Forecast

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Finance & Capital Markets
Tulfra secures $11.7 million loan for warehouse, self-storage project in West Caldwell

Tulfra Real Estate has landed $11.7 million in financing for a repurposed industrial property in West Caldwell, where it recently inked a long-term, 68,000-square-foot lease and is now building a 760-unit self-storage facility.

Residential & Mixed Use
Developers break ground on 82-unit apartment project in downtown Hackensack (SLIDESHOW)

The Hanson family and Claremont Cos. have broken ground on a new 82-unit apartment building in downtown Hackensack, the latest project in the city’s fast-growing construction pipeline.

Industrial
Upgrades coming to Somerset flex park after $9.2 million refi

Denholtz Associates has secured a $9.2 million loan to refinance and upgrade an 11-building, 264,000-square-foot flex industrial portfolio in Somerset County, the firm said Thursday.

Retail
Ocean County bank building sells for $1.57 million, Marcus & Millichap says

A private investor has sold a 3,000-square-foot bank building in Ocean County, according to brokers with Marcus & Millichap who orchestrated the deal.

Health Care & Education
Monmouth students meet CRE pros at annual Kislak Institute career night

Executives from some of the state’s top commercial real estate firms joined dozens of students recently at an annual industry career night hosted by Monmouth University.

Residential & Mixed Use
HFF brokers $40M loan for Meadowlands rental project

A developer is moving forward with the next piece of a luxury multifamily complex in the Meadowlands, HFF announced, after securing a $40 million construction loan for the project.