New Jersey
NJ-Based Monmouth Pays $28M for CO FedEx Center
Monmouth Real Estate Investment Corp., based in Freehold, NJ, spent $28.8 million to acquire a new, 225-362-square-foot FedEx distribution center… Read more
Clinton Claims California, Earns Nomination
It’s been known that Donald Trump clinched the Republican nomination, and now Hillary Clinton earned the Democratic party nomination with… Read more
MGM to Pay $900M for 50% Interest in Borgata Hotel
MGM Resorts International has inked an agreement with Boyd Gaming Corp. to acquire the latter’s 50% interest in Borgata Hotel… Read more
Hunt Provides $19M Loan for Poughkeepsie Property
Hunt Mortgage Group has arranged a $19.2-million Fannie Mae acquisition loan for purchase of the 288-unit Mountain Brook Apartments in… Read more
Meridian Capital Arranges $218M in Financing for NJ Buy
Meridian Capital has arranged $218.2 million in financing for acquisition of the 275-unit Wayne Village in Wayne, NJ, and the… Read more
Bayer Snags Additional 86 Acres in NJ
Bayer Healthcare has acquired 86 undeveloped acres at 67 Whippany Road in Hanover, NJ. The land is adjacent to the… Read more
Glenwood Village in NJ Sells for $20M
Cedar Realty Trust, headquartered in Port Washington, NY, is now the owner of Glenwood Village, a newly constructed, 64,000-square-foot mixed-use… Read more
New Jersey’s Limited Industrial Means Higher Rents
Limited industrial supply, combined with huge demand, has led to skyrocketing rents, according to Transwestern’s 1Q 2016 market report. Overall,… Read more
Dallas-Based Ashford Trust to Sell 1,393-Key Portfolio
Ashford Hospitality Trust has entered into an agreement to sell a five-hotel, 1,393-room portfolio of select-service hotels to Noble Investment… Read more
Jersey City Apartments Get $170M Financing
Ironstate Development and Panepinto Properties have obtained $170 million in financing for their just completed 70 Columbus, a Class A,… Read more
Port Authority Still Pays for Empty Conde Nast Building
More than a year after Conde Nast relocated from Times Square to One World Trade Center, the Port Authority of… Read more
NJ-Based Monmouth Enters Seattle with $30M Buy
Monmouth Real Estate Investment Corp. acquired a new, 210,445-square-foot industrial property for $30.6 million from developer JDC. The buy represents… Read more
Loan Spurs 81-Acre Texas Buy
Geyer Morris Co., a Dallas-based development group, has obtained a $12.6 million loan to acquire an 81-acre site in Mansfield,… Read more
$230M Edison Village Work Begins, Despite Setbacks
Prism Capital Partners LLC of Bloomfield, NJ has begun work on Edison Village, a $230 million, 21-acre redevelopment on the… Read more
Industrial: Scarce Space in Top Markets
Dwindling warehouse and distribution center space is becoming more the rule than the exception, in and around the top 12… Read more
$165M Loan Arranged for Jersey City MF
Meridian Capital Group, working on behalf of BLDG and Ares Management LP, has arranged $165 million in permanent financing for… Read more
Retail Center Acquired for $33M
Castle Rock Equity Group has paid $33.5 million to acquire the 96,000-square-foot Demobreun Hill strip retail center from Elmington Capital… Read more
Clarion Acquires 350,000-SF Shopping Center
Clarion Partners, based in Dallas, acquired the 350,000-square-foot Essex Green Shopping Center, located at 295 Prospect Ave. in West Orange,… Read more
O’Neill to Begin 6M-SF MXU Development
Connect with us across the nation. On Monday, March 14, Connect Media will bring you national news! O’Neill Properties Group, based… Read more