New Jersey
Hochul Pauses NYC Congestion Pricing Plan Indefinitely
The first congestion pricing program enacted in the U.S. has been put on hold. New York Gov. Kathy Hochul said… Read more
Smith Hill, Bain Capital Close $111M Loan on Hospitality Portfolio
Smith Hill Capital and Bain Capital Special Situations have closed on an approximately $111-million first mortgage loan secured by a… Read more
Cushman & Wakefield Arranges Five Princeton Leases Totaling 60K SF
Cushman & Wakefield has facilitated five new leases at Princeton Point, an office property in Princeton, NJ, totaling over 60,000… Read more
DXD Completes Toms River Self-Storage Facility
DXD Capital, a self-storage private equity investor, has opened a new Class A, climate-controlled storage facility at 671 Batchelor St,… Read more
HKS Arranges $47M CMBS Loan for NJ MF Property
HKS Real Estate Advisors has secured a $46.5 million CMBS loan with Citigroup for a new multi-family property at 1-5… Read more
New York/Tri-State People and Company News, week of May 31, 2024
Unispace Life Sciences announced the appointment of Daniel Maldonado as managing director, Americas. Maldonado has three decades of international construction… Read more
Court Approves WeWork Restructuring Plan
WeWork has announced the confirmation of its Plan of Reorganization by the United States Bankruptcy Court for the District of… Read more
CBRE Arranges 48K-SF NJ Lease Renewal
CBRE has arranged a 48,650-square-foot lease renewal at 132 Beaver Brook Road, a distribution facility in Morris County, NJ. Richelieu… Read more
Consigli to Acquire Lendlease’s NY/NJ Construction Business
Consigli Building Group, Inc. and Lendlease have announced an agreement in which Consigli will acquire Lendlease’s New York and New… Read more
Lendlease to Exit U.S. and UK Markets, Sell East Coast Business to Consigli
Lendlease said Wednesday it had agreed to sell its East Coast construction operations to Consigli Building Group, including 45 projects… Read more
Man-Made Surf Resort Breaks Ground in Palm Desert
Construction has begun on DSRT Surf Resort, 17-acre property in Palm Desert that reportedly will be California’s first facility to… Read more
LEG Breaks Ground on Two Belleville Industrial Properties
Lincoln Equities Group (LEG) has broken ground on Lincoln Logistics Belleville at 681 Main Street, Belleville, N.J. The 15.25-acre site… Read more
TCC Taps Jessica Fraser from Prologis as SVP
Trammell Crow Company (TCC) has appointed Jessica Fraser as senior vice president, focusing on industrial development in the NYC metro… Read more
Fitness Factory to Open 16K-SF Space in NJ
Fitness Factory Health Club will open this summer at The Gardens shopping center in Mt. Olive Township, Morris County, NJ.… Read more
Chatham, NJ MF Lands $103M in Financing
JLL Capital Markets has arranged a $103 million refinancing for The Ivy, a newly completed luxury multi-housing community in Chatham,… Read more
Bank OZK Provides $93M in Financing for NJ Logistics Park
JLL Capital Markets has arranged $93 million in financing for Matrix Logistics Park – Mount Olive, an under-construction Class A… Read more
NAIOP NJ Gala Unveils Deal of the Year
NAIOP New Jersey’s 37th Annual Commercial Real Estate Awards Gala recognized industry leaders and impactful transactions shaping New Jersey’s real… Read more