New Jersey
Faropoint Scores North Jersey Industrial Portfolio in Buy from Kushner
Industrial investment firm Faropoint has acquired a 10-building portfolio located throughout Northern New Jersey from Kushner Companies for $132.5 million. Totaling 654,633… Read more
NAI Legacy Completes Syndication of $43M DST Portfolio
NAI Legacy has fully subscribed the $42.5-million Essential Net Leased Midwest DST offering. As a sponsor of the DST, Minneapolis-based NAI Legacy helped 50 1031 Exchange investors from 18 states:… Read more
EverWest Adds to Tri-State Holdings with Meadowlands Portfolio
EverWest Real Estate Investors has purchased a three-building, 190,032-square-foot portfolio in Moonachie, NJ, within the Meadowlands industrial submarket, for $65,875,000. With the acquisition, Denver-based… Read more
Jersey City Luxury Apartments Land $65M Construction Debt
JLL Capital Markets arranged $65 million in construction financing for 49 Fisk St., a 337-unit, luxury, mid-rise rental apartment project in Jersey City. The team of Mike… Read more
Avison Young Hires Property Management Leader for Tri-State
Avison Young has hired Eric Stone as principal & regional director of Real Estate Management Services (REMS). Stone will be based out of the firm’s… Read more
BioReference Renews for 160K SF in Elmwood Park
BioReference Laboratories, Inc. signed a long-term lease renewal for approximately 160,000 square feet of industrial space at 481 and 487 Edward H.… Read more
Plainfield Apartments in TOD Zone Land Construction Financing
Brad Domenico and Eddie Miro of Progress Capital secured a $17,680,000 construction loan for Eyal Gagin and Abraham Gagin of… Read more
Mill Creek JV Acquires Transit-Oriented Multifamily in Montclair
JLL Capital Markets closed the sale of Montclair Residences at Bay Street Station, a 163-unit, transit-oriented multifamily property in Montclair,… Read more
Dermody’s Deal for the Allstate Campus Isn’t an Isolated Case
Although Dermody Properties’ plans for the Allstate campus in Northbrook, IL are still evolving, one thing is pretty certain: the two-million-square-foot… Read more
Party City Consolidates HQ to 209K SF in Woodcliff Lake
Party City Holdings signed a full-building lease at Signature Acquisitions’ 100 Tice Blvd., a 208,911-square-foot Class-A office building in Woodcliff Lake, NJ.… Read more
Army Corps of Engineers Gives Final Sign-Off on Gateway Tunnel Project
The U.S. Army Corps of Engineers has signed off on the Gateway Tunnel project, providing the final federal approval needed to construct a new… Read more
Industrial Team Led by Mindy Lissner and Bill Waxman Joins CushWake
Cushman & Wakefield has hired an industrial brokerage team led by industry veterans Mindy Lissner and Bill Waxman, who will… Read more
CBRE Adds Two SVPs to Tri-State Institutional Properties Group
CBRE has made two strategic hires to bolster its Tri-State Institutional Properties Group in New Jersey. Fahri Ozturk and Richard Gatto joined CBRE… Read more
Skyline Amasses 82K SF of Leases at 1040 Sixth Ave.
Skyline Developers, the New York and New Jersey-based development firm owned by the Wilf family, has completed a series of leases totaling… Read more
Ripco Investment Sales Expands into NJ with Eatontown Listing
Ripco Real Estate is handling the sale of 250 Industrial Way West in Eatontown, NJ. The property represents RIPCO’s Investment Sales… Read more
Industry Veterans Close First Acquisition with New Vehicle
Skylight Real Estate Partners, a privately held real estate investment firm, has acquired Infinity Edgewater, a 100-unit mixed-use property in… Read more
NYC Leads Metros in Delinquency Balance, But Not Rate
Although the New York-New Jersey SMSA has the highest CMBS delinquency balance at $4.7 billion as of October, it doesn’t have the highest rate, Trepp… Read more
JLL Team Closes Central NJ Sale for AvalonBay
JLL Capital Markets closed the sale of eaves Lawrenceville, a 632-unit, value-add, garden-style multifamily community near Princeton University in Lawrenceville, NJ. The seller… Read more
Meridian Capital Group Arranges $11M Financing for Knoxville Apartments
Meridian Capital Group has arranged $10.8 million in acquisition financing for The Adelade, a multifamily property in Knoxville, TN. The… Read more