Search Results for:

You are here

NRIA, ACRES Capital Corp Close Loan for Luxury Residences
News 20 hours ago
NRIA, ACRES Capital Corp Close Loan for Luxury Residences

PHILADELPHIA, PA - NRIA has closed a $13 million, mid-construction loan, with financing partner, ACRES Capital Corp. The loan will be used to fund...

Share
Eastern Union Secures Financing for Ground-Up, Self-Storage Facility
News 2 weeks ago
Eastern Union Secures Financing for Ground-Up, Self-Storage Facility

PERTH AMBOY, NJ - Eastern Union has arranged $15.5 million in financing for the construction of a ground-up self-storage facility in Perth Amboy,...

Share
CBRE Arranges Seven-Asset Industrial Portfolio Sale
News 3 weeks ago
CBRE Arranges Seven-Asset Industrial Portfolio Sale

MOUNT LAUREL, NJ - CBRE has arranged the sale of the seven-building, Southern New Jersey infill portfolio, on behalf of the seller, Foxfield...

Share
Renters Are Enthusiastic About Searching for a New Apartment
News 4 weeks ago
Renters Are Enthusiastic About Searching for a New Apartment

Renters are back on their apartment hunt! New data shows an increase in consumer optimism in renting an apartment, which is a boom after a recent...

Share
Camden County Shopping Center Trades for Nearly $32M
News 1 month ago
Camden County Shopping Center Trades for Nearly $32M

LAWNSIDE, NJ-A partnership of MCB Real Estate of Baltimore and Singapore-based United Hampshire US REIT has acquired the 151,000-square-foot...

Share
Caesars, VICI Sell Atlantic City Casino to Twin River
News 1 month ago
Caesars, VICI Sell Atlantic City Casino to Twin River

ATLANTIC CITY, NJ-Caesars Entertainment and VICI Properties are selling the Bally's Atlantic City Hotel & Casino to Twin River Worldwide Holdings...

Share
PA Gov. Wolf Picks May 8 for Phased Restart of Economy
News 1 month ago
PA Gov. Wolf Picks May 8 for Phased Restart of Economy

HARRISBURG, PA-Pennsylvania Gov. Tom Wolf presented a plan on Wednesday to begin a phased restart of the economy on May 8, beginning with the...

Share
Mack-Cali Collects 96% of Multifamily Tenant Rent in April
News 1 month ago
Mack-Cali Collects 96% of Multifamily Tenant Rent in April

JERSEY CITY, NJ-Locally-based Mack-Cali Realty Corp. reports that despite Coronavirus restrictions imposed by the State of New Jersey on April 8,...

Share
Northeast Governors Name Appointees to Council to Restore Economy
News 1 month ago
Northeast Governors Name Appointees to Council to Restore Economy

NEW YORK-Perhaps the beginning of the end or at the very least the end of the beginning of the fight against the Novel Coronavirus and the...

Share
Clarion Partners RE Income Fund Pays $20.2M for Industrial Property Near Philadelphia
News 1 month ago
Clarion Partners RE Income Fund Pays $20.2M for Industrial Property Near Philadelphia

WEST DEPTFORD, NJ- The Clarion Partners Real Estate Income Fund Inc. has acquired a 183,000-square-foot industrial warehouse property at 100 Friars...

Share
Clifton Medical Complex Trades for $45M
News 1 month ago
Clifton Medical Complex Trades for $45M

CLIFTON, NJ-The three-building Allwood Medical Campus here has been sold to a private buyer for $45 million. The deal was reported by brokerage...

Share
Gebroe-Hammer Brokers $316M in Multifamily Sales in First Quarter
News 1 month ago
Gebroe-Hammer Brokers $316M in Multifamily Sales in First Quarter

LIVINGSTON, NJ-Locally-based multifamily investment brokerage firm Gebroe Hammer Associates reports it brokered $316.4 million in sales in the...

Share
West Caldwell Self-Storage Property Trades for $19.25M
News 1 month ago
West Caldwell Self-Storage Property Trades for $19.25M

WEST CALDWELL, NJ-A mixed-use self-storage property here has changed hands in a deal valued at $19.25 million. James McGuckin, regional manager,...

Share
PREIT Applies for CARES Act Funding in Response to Mall Closures Caused by Coronavirus
News 1 month ago
PREIT Applies for CARES Act Funding in Response to Mall Closures Caused by Coronavirus

PHILADELPHIA-With its mall properties shuttered due to the Coronavirus, PREIT reports it has furloughed some corporate and property staff and...

Share
Strategic Properties-Mirae Asset Daewoo JV Secures $102.5M Loan for Purchase of Chicago Multifamily Tower
News 1 month ago
Strategic Properties-Mirae Asset Daewoo JV Secures $102.5M Loan for Purchase of Chicago Multifamily Tower

CHICAGO-A joint venture of Lakewood, NJ-based Strategic Properties of North America and Mirae Asset Daewoo of South Korea has secured a $102.5...

Share
Monmouth Real Estate Pays Nearly $18M for Ohio Industrial Property
News 1 month ago
Monmouth Real Estate Pays Nearly $18M for Ohio Industrial Property

COLUMBUS, OH-Holmdel, NJ-based Monmouth Real Estate Investment Corp. has recently acquired a new 153,000-square-foot industrial building in...

Share
Longpoint Realty Partners Pays $22.6M for Denville Commons
News 1 month ago
Longpoint Realty Partners Pays $22.6M for Denville Commons

DENVILLE, NJ-Boston-based private equity firm Longpoint Realty Partners has acquired the 73,000-square-foot Denville Commons shopping center here...

Share
State’s First Field Hospital at Meadowlands Exposition Center to Open Next Week
News 1 month ago
State’s First Field Hospital at Meadowlands Exposition Center to Open Next Week

SECAUCUS, NJ-New Jersey Gov. Phil Murphy and U. S. Sen. Bob Menendez, during a tour of the facility on Thursday, said the state's first field...

Share
NAIOP Helping New Jersey Identify Properties for Health Care Conversion
News 1 month ago
NAIOP Helping New Jersey Identify Properties for Health Care Conversion

NEW BRUNSWICK, NJ-NAIOP New Jersey has worked with New Jersey government to identify more than 1.5 million square feet of commercial space for...

Share
German High-Tech Firm Signs More Than 66,000 SF Lease at The Warren Innovation Center
News 1 month ago
German High-Tech Firm Signs More Than 66,000 SF Lease at The Warren Innovation Center

WARREN, NJ-The German high-tech communications firm Huber Suhner Astrolab has signed a long-term lease of 66,413 square feet at Ivy Realty's 40...

Share
PREIT to Cut Dividend, Capital Projects and Takes Other Measures to Improve Liquidity in Response to Coronavirus
News 1 month ago
PREIT to Cut Dividend, Capital Projects and Takes Other Measures to Improve Liquidity in Response to Coronavirus

PHILADELPHIA-Locally-based PREIT reports that it is taking a number of steps to increase liquidity, including drastically reducing dividends,...

Share
Jersey City Film Studio Projects Secure $48.25M in Financing
News 1 month ago
Jersey City Film Studio Projects Secure $48.25M in Financing

JERSEY CITY, NJ-New York City-based developer INDUSTRY GO has secured a $48.25-million loan for the conversion of two warehouse buildings here into...

Share
City Prepares to Convert Temple’s Liacouras Center for Health Care Use in Response to Spread of Coronavirus
News 1 month ago
City Prepares to Convert Temple’s Liacouras Center for Health Care Use in Response to Spread of Coronavirus

PHILADELPHIA-Federal, state and city health officials have begun preparations to convert the home of the Temple University Owls basketball team...

Share
New Jersey Announces Major Banks Offering Coronavirus Mortgage Payment Relief
News 1 month ago
New Jersey Announces Major Banks Offering Coronavirus Mortgage Payment Relief

TRENTON, NJ-New Jersey Gov. Phil Murphy announced on Saturday that a group of major banks have joined other financial institutions to provide New...

Share
CarePoint Health Signs Deal to Sell Bayonne Medical Center
News 2 months ago
CarePoint Health Signs Deal to Sell Bayonne Medical Center

BAYONNE, NJ-CarePoint Health has signed a letter of intent to sell its Bayonne Medical Center here to BMC Hospital LLC. No financial terms of the...

Share
Vantage Brokers Retail Property Sale in Magnolia
News 2 months ago
Vantage Brokers Retail Property Sale in Magnolia

MAGNOLIA, NJ-After relocating operations to a new facility in nearby Voorhees, NJ,East Coast Enterprises, LLC has sold its retail facility here to...

Share
The Hub at Metuchen Trades for Nearly $30M in 1031 Exchange
News 2 months ago
The Hub at Metuchen Trades for Nearly $30M in 1031 Exchange

METIUCHEN, NJ-Renaissance Properties of Old Bridge, NJ has sold the mixed-use The Hub at Metuchen complex here for $29.6 million. The deal was...

Share
New Jersey Orders Closure of All Non-Essential Retail Businesses to Combat Coronavirus
News 2 months ago
New Jersey Orders Closure of All Non-Essential Retail Businesses to Combat Coronavirus

NEWARK, NJ-New Jersey Gov. Phil Murphy has ordered the closure of all non-essential retail businesses in the Garden State and directed all...

Share
Federal Realty Investment Trust JV Acquires Hoboken Portfolio for $200M
News 2 months ago
Federal Realty Investment Trust JV Acquires Hoboken Portfolio for $200M

HOBOKEN, NJ-A joint venture that includes Rockville, MD-based Federal Realty Investment Trust has acquired a 39-property mixed-use portfolio here...

Share
Mack-Cali Fires Back at Bow Street’s ‘False Statements’
News 2 months ago
Mack-Cali Fires Back at Bow Street’s ‘False Statements’

JERSEY CITY, NJ-Mack-Cali Realty Corp., in response to criticism leveled last week by dissident shareholder group Bow Street LLC, stated that it is...

Share