Jersey City
Jersey City Multifamily Complex Garners $257M Agency Financing
Cushman & Wakefield served as the exclusive advisor to Building and Land Technology in procuring $257,240,000 in fixed-rate agency financing… Read more
WinnDevelopment Tapped to Lead $500M Redo of Public Housing Complex in New Jersey
WinnDevelopment has been chosen by the Jersey City (NJ) Housing Authority to redevelop the 80-year-old Holland Gardens public housing complex… Read more
Large Office Loan Defaults Are on the Rise
The number of big office landlords defaulting on their loans is on the rise, providing more evidence that more developers believe… Read more
NAI Hanson Arranges Land Sale in Newark Redevelopment Zone
NAI James E. Hanson recently closed the sale of 0.42 acres of land at 1042-1044 Broad St. and 14-16 Camp St.… Read more
St. Louis, Other Metro Areas Rank High as Multifamily Markets to Watch—for Distress
Trepp has identified the St. Louis metro area as the number one multifamily market to watch in 2023. In this… Read more
MIT Center for Real Estate, Veris Residential to Collaborate on Multifamily Operations
Veris Residential, Inc. has formed a strategic partnership with Massachusetts Institute of Technology’s Center for Real Estate, one of the… Read more
Taconic Provides $95M Refi for Historic Midtown South Hotel
Taconic Capital Advisors LP provided Burnett Equities, an Oklahoma City-based real estate development and advisory firm, with a $95-million senior… Read more
Taconic, HEI Hotels Acquire Hyatt Regency Jersey City
Taconic Capital Advisors LP and HEI Hotels & Resorts have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt… Read more
Madison Realty Capital Upsizes Commitment to Jersey City MXU
Madison Realty Capital (MRC) has upsized its initial loan to a total commitment of $395 million to Manhattan Building Company… Read more
Veris Residential Nixes Takeover Bid by Kushner Companies
Veris Residential has rejected Kushner Companies’ unsolicited offer to buy the company for $16 per share, a deal that would… Read more
CBRE Arranges $328M Financing for Jersey City Office Acquisition
CBRE Capital Markets’ Debt & Structured Finance team has arranged $328 million of debt and equity financing for the purchase… Read more
Veris Nears Exit from Office Sector with $766M of Jersey City Sales
Veris Residential has entered into a binding agreement to sell its Harborside 1, 2 and 3 office properties in Jersey… Read more
Walker & Dunlop Arranges $85M Bridge Loan on Jersey City Apartments
Walker & Dunlop’s Philadelphia capital markets team of John Banas, Kris Wood, Christopher Philipps, John Wilson, Rhett Saltiel and Erik… Read more
Cypress Equity, Winter Properties Break Ground on Bayonne Apartments
Cypress Equity Investments (CEI) broke ground on Avenue G, a 354-unit apartment complex in Bayonne, NJ. Located in a rapidly growing community on… Read more
Fort Lee Apartments Fetch $52M Amid Renter Demand
Cushman & Wakefield arranged the sale of The Sterling, a 128-unit multifamily property located at 2055 Center Ave. in Fort… Read more
Columbia Property Trust Completes Rehab of 95 Columbus in Jersey City
Columbia Property Trust (CPT) has completed the redevelopment of 95 Columbus, its 680,000-square-foot office building in Jersey City’s Grove Street… Read more
BlueGate Lines Up Financing for Multifamily on Jersey City/Hoboken Border
BlueGatePartners LLC, on behalf of Hoboken-based Ursa Development Group and Fields Development, has secured senior construction financing for the Devan,… Read more
M&T Realty Capital Arranges $22M Finance for Luxury Jersey City Apartments
M&T Realty Capital Corporation has arranged financing of $21.5 million secured by Lumber House, a 46-unit, luxury mid-rise apartment community in… Read more
Duke Realty’s Sheila Sutton on Supply Chain Challenges Facing Developers
It’s no secret that supply chain challenges have been added over the past couple of years to the speedbumps facing… Read more