New Jersey
Below-Market Fixed-Rate Refi for Millbridge Gardens
April 11, 2017 Dr. Dinesh Khosla of SDK Apartments borrowed $71.3 million to refinance the SDK Millbridge Gardens in Clementon,… Read more
Industrial Rents Up, Availability Down in New Jersey
April 10, 2017 New Jersey developers sped up their construction schedules to fill the lack of available industrial space. Six… Read more
Hard Rock Conceives $400M Atlantic City Rebirth
The Hard Rock Hotel & Casino Atlantic City, NJ is set to undergo a nearly $400 million redevelopment that is… Read more
Transit-Oriented, Waterfront Apartments Under Construction in Middlesex
April 6, 2017 Woodmont Properties is building 126 apartments, surrounded by shops and amenities, near the train station on the… Read more
$51M for Grocery-Anchored Retail in Morris County
April 5, 2017 A shopping center anchored by a Stop & Shop grocery store sold for $51 million in the… Read more
Metuchen’s Transit-Oriented Apartments Lease Quickly
Apartments are leasing quickly at Woodmont Metro at Metuchen Station, a new apartment community now under construction in downtown Metuchen,… Read more
$125M Acquisition Loan for Mack-Cali
Mack-Cali Realty Corp. borrowed $124.5 million from Citi and Goldman Sachs & Co. to purchase 51, 101 and 103 JFK… Read more
973K-SF Office Getting a Face Lift
Nightingale Properties is spending more than $4 million to renovate 80 Park Plaza in Newark, NJ. The 26-story, 973,000-square-foot building… Read more
242K-SF Secaucus Warehouse 25% Pre-Leased
Bhasin Properties has found two new tenants for its development at 1 County Rd. in Secaucus, NJ. The new development totals… Read more
KRE Spends $70M on Value-Add Play
Kushner Real Estate Group (KRE) paid $70 million for Summit Hill, a 228-unit rental community in Springfield, NJ. Avenue Realty… Read more
$33M Construction Loan Spurs Phase I Development
Developers took out a $32.5 million construction loan from M&T Bank to help build 163 apartments in a new property… Read more
A New Restaurant in an Historic Building
Summit House, a seasonal new-American restaurant featuring the cuisine of noted chef Martin Kester, will open to the public April… Read more
Restaurant Fills Out Suburban Retail Center
A young restaurant chain signed a lease for 1,900 square feet at Aldrich Plaza in Howell, NJ. Bubbakoo’s Burritos, a… Read more
Berger Buys Newark Landmark
Berger Organization paid $16.4 million for 33 Washington St. in Newark, NJ. That works out to about $37 per square… Read more
Vitamin Shoppe Grows into a Brighter Corporate Office
The new corporate headquarters of Vitamin Shoppe in Secaucus, NJ will be brightened by Kimmerle Newman Architects (KNA). “Ample glass… Read more
1980s Warehouse Sells for $19M
Murray Construction sold its aging warehouse property in North Brunswick, NJ for $18.9 million in an off-market transaction. The new… Read more
Grocery-Anchored Retail Trades for $19M
Institutional and private investors bid aggressively to buy a shopping center anchored by an Aldi grocery store in North Bergen,… Read more
33K-SF in Leases Signed in NJ Office
Vision Real Estate Partners inked new leases, renewals and expansions totaling 33,000 square feet of space at its 9W Office… Read more