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.
The owner of an 89,000-square-foot shopping center in Rockaway has refinanced the property for $10 million, brokers with JLL announced Wednesday.
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.
An investment firm based in Toronto has acquired a 264,000-square-foot office complex in Rockaway, brokers with HFF announced Wednesday.