The developer of a newly built, 117-unit apartment building in Somerville has refinanced for $27.5 million, under a newly announced transaction by Meridian Capital Group.
Sterling Properties has officially opened its new residential building near downtown Somerville, where it has quickly leased nearly half of its 69 luxury apartments.
A two-building, 20,700-square-foot retail and medical office complex in Somerville has changed hands for nearly $3.8 million, brokers with Marcus & Millichap announced.
A developer is nearing completion of a new upscale rental building in downtown Somerville, the latest among several projects that are slated for the Somerset County borough.
A private investor has sold a 13,000-square-foot retail property in downtown Somerville, according to brokers with Marcus & Millichap who arranged the deal.
Investors Bank has closed on several loans to support New Jersey multifamily properties in recent months, part of more than $300 million in new lending activity for region.
The nonprofit New Jersey Future will honor major redevelopments in Hoboken, Orange and Trenton, as well as former Gov. James Florio, as part of its annual Smart Growth Awards celebration in early June.
