New Jersey
NAIDB Secures Lease at Prologis Cranbury Business Park
NAI DiLeo-Bram & Co. (NAIDB) arranged two industrial leases totaling approximately 174,000 square feet in Central and Northern New Jersey. In the… Read more
Ocean State Job Lot Acquiring 15 Former Big Lots Locations
Northeast discount retail chain Ocean State Job Lot will acquire 15 Big Lots locations in eight states for an undisclosed… Read more
Taconic Expands Industrial Presence with NJ Acquisition
Taconic Partners has acquired a 360,000-square foot industrial facility in North Brunswick, NJ for $74.3 million. Located at 1735 Jersey Ave.… Read more
Cushman Team Named to Lease North Jersey Offices
Cushman & Wakefield was awarded the exclusive leasing assignment for 100 Passaic Ave., a 190,000-square-foot office property in Fairfield, NJ. The… Read more
M&T RCC Closes $66M Fannie Mae Loan for Inland Affiliate
M&T Realty Capital Corporation (M&T RCC) closed a $65,750,000 Fannie Mae loan for Summit Court, a 393-unit multifamily property located in… Read more
Return to Lender: Week of March 20, 2025
CLARIFICATION: As reported by Connect CRE on March 13, Morningstar Credit initially cited “monetary term default” as the cause behind… Read more
Merchants Bank Arranges $120M Financing for Newark Mixed-Use
Merchants Capital arranged $120 million in financing for the construction of Museum Parc, a 250-unit mixed-income, mixed-use and retail development in… Read more
Lument Refinances $14M for Delaware Mixed-Use Development
Lument announced the placement of a $14 million CMBS loan to refinance Mi-Place at Vineyards, a 41-unit, 65,000-square-foot retail mixed-use… Read more
Adjacent Retail Properties in Maplewood Go for $4.3M
Marcus & Millichap closed the sale of two adjacent retail properties in Maplewood, NJ for $4,262,500. Located at 1812 and 1802… Read more
Kushner Adds Whole Foods, Other Tenants to Monmouth Mall Redevelopment
Kushner has added several notable tenants to its Monmouth Square redevelopment, a $500-million project reshaping the historic Monmouth Mall in… Read more
Dwight Mortgage Trust Finances $34M for Philadelphia-Area Apartments
Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, closed a $34 million bridge loan to refinance Mi Place at… Read more
Ports of LA, Long Beach Handle More Traffic but Face Higher Vacancies
The Ports of Los Angeles and Long Beach not only ranked at the top for cargo volume in 2024 but… Read more
PREMIER Design + Build Adds Jason Hart as EVP
PREMIER Design + Build Group has added EVP Jason Hart, who will play a pivotal role in driving expansion and accelerating… Read more
JetBlue, PANYNJ, Fraport Partner on Improvements to JFK Airport Terminal 5
JetBlue, the Port Authority of New York and New Jersey and Fraport USA, manager of John F. Kennedy International Airport’s… Read more
BXP Enters JV to Develop Market-Rate Jersey City Apartments
BXP has formed a joint venture to develop 290 Coles St., a full-block, 1.75-acre site between Coles Street, Jersey Avenue,… Read more
Former Berkeley College Properties in White Plains Will Yield Condos
RM Friedland (RMF) arranged the sale of 99 Church St. and the adjacent 6 Cottage Pl. on behalf of Berkeley… Read more
Newmark Arranges Sale of MOB Portfolio in Philadelphia
Newmark has arranged the sale of the $16 million Oxford Court Portfolio—a nine-building medical office campus in Langhorne, Pennysylvania—to ESJ… Read more