Kushner Real Estate Group and Russo Development have broken ground on 345 luxury apartments in Morris County, having secured a $71 million construction loan for the project.
A real estate investment trust is selling seven apartments properties in New Jersey and New York for $266.5 million, as the portfolio’s buyer continues to grow its suburban multifamily holdings.
A private investor has acquired a 38,700-square-foot industrial building in Rockaway for $4.25 million, in a recent 1031 exchange arranged by Newmark Associates.
Multifamily projects in Morristown and Monroe are among the latest developments financed by Investors Bank, contributing to more than $2.5 billion in commercial real estate activity completed by the lender in 2017.
A beauty products company has leased nearly 14,000 square feet at a Rockaway industrial building, according to property owner Saddleback Real Estate Developers.
