New Brunswick
Wells Fargo Lends $162M on New Brunswick Luxury Multifamily
JLL Capital Markets secured a $162-million financing for The Raye by Vermella, a 534-unit luxury multifamily development in New Brunswick, NJ. Senior managing director… Read more
Pennrose Breaks Ground on Affordable Seniors Redevelopment in New Brunswick
Pennrose, the New Brunswick Housing and Redevelopment Authority (NBHA) and project partners broke ground on Hildebrand Commons, the transformation of… Read more
SJP Launches Development of Nokia Bell Labs Headquarters
SJP Properties has commenced construction of the 10-story, 370,000-square-foot Nokia Bell Labs headquarters at the H-2 site of the HELIX NJ in… Read more
NewPoint Arranges Bridge-to-HUD Loan for New Brunswick-Area Apartments
NewPoint Real Estate Capital provided a $17.75-million bridge-to-HUD loan to facilitate the acquisition of Brentwood Park, a 77-unit multifamily property… Read more
NAIDB Tapped to Lease New Brunswick IOS Facility
NAI DiLeo-Bram (NAIDB) has been named leasing agent for 107 How Ln., a 6.5-acre, 38,000-square-foot industrial outdoor storage property in New Brunswick,… Read more
Sustained Demand for NJ Class A Industrial Properties in Q4 ’22
Northern and Central New Jersey showcased a robust industrial sector with the highest quarterly new leasing activity in two years,… Read more
Nonprofit NJ Community Capital Inks Long-Term Lease
Cushman & Wakefield arranged a long-term, 24,259-square-foot lease for New Jersey Community Capital (NJCC), a nonprofit organization, at 100 Albany… Read more
NAI Hanson Closes Deal for Outdoor Storage in New Brunswick
NAI James E. Hanson arranged the sale of 5.6 acres of industrial outdoor storage at 703-711 Jersey Ave. in New Brunswick,… Read more
Redfin: Median Asking Apartment Rent Tops $2,000 For First Time Ever
The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over… Read more
Scion Group, PGIM Real Estate JV on Student Housing
Chicago-based student housing owner/operator The Scion Group and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial’s global… Read more
$750M Cancer Hospital Breaks Ground in New Brunswick
WJBarnabas Health and Rutgers Cancer Institute of New Jersey, in partnership with the New Brunswick Development Corporation (DEVCO), broke ground last week… Read more
Can the Hub-and-Spoke Model Work? Not Without Investment
During the pandemic, growth in secondary cities and suburbs has outstripped demand in CBDs as 57% of employees want an… Read more
Tower Management Lines Up $12M Credit Facility
JLL Capital Markets announced today that it has arranged a $12-million credit facility for Tower Management Service L.P. that will… Read more
Villanova Team Takes Top Honors in NAIOP NJ Student Challenge
Villanova University took top honors and the $5,000 prize in NAIOP New Jersey’s Sixth Annual University Challenge Case Study Competition. The students… Read more
JNJ Moves Toward Clinical Trials of COVID-19 Vaccine
Johnson & Johnson (JNJ) has selected a lead COVID-19 vaccine candidate and two back-ups from constructs it has been working… Read more
Burgerim Expands by 9 Franchisees in NJ
JLL has completed nine separate retail transactions, totaling 17,897 square feet, for Burgerim franchisees throughout New Jersey. Launched in 2011… Read more
Meridian Arranges Refi on Class A Apartments in Somerville
Meridian Capital Group recently arranged $27.5 million in financing to refinance the Cobalt, a multifamily property in Somerville, NJ on behalf… Read more
NJ Governor Proposes 4M-SF Incubator Hub
New Jersey Gov. Phil Murphy has unveiled plans to build the Hub, a four-million-square-foot research and start-up incubation center on… Read more
$52M Loan for Student Housing with “Short-Term” Issues
Greystar/PIMCO borrowed $52.05 million to acquire Rockoff Hall, a 674-bed, 186-unit student housing property at 290 George St. in downtown… Read more