New Jersey
OrbVest Adds Professional Center in Ocoee to $360M Portfolio
OrbVest has purchased the 38,537-square-foot West Orange Professional Center in Ocoee. The asset contains two medical office buildings and adds… Read more
Industrial Rents Just Keep Climbing
To gauge the disparities in performance of industrial during the pandemic compared to other property types, take a look at rent trends. Rents in many office markets declined,… Read more
JDA Wins Final Zoning Approval for Hoboken MXU
The Hoboken Zoning Board of Adjustment has provided final site plan approval for JDA Group LLC’s The Boundary, paving the way for a master-planned,… Read more
Bob’s Discount Furniture Cuts Ribbon on Duke Realty Build-to-Suit
Bob’s Discount Furniture recently hosted a ribbon cutting ceremony and tour of its new distribution center at 150 Old New Brunswick Road… Read more
Repositioning of Warren Campus Culminates in Two-Property Office Sale
Newmark arranged the sale of 40 & 45 Technology Dr. within the Warren Innovation Center in Warren, NJ on behalf of the joint… Read more
Scion Group, PGIM Real Estate JV on Student Housing
Chicago-based student housing owner/operator The Scion Group and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial’s global… Read more
Valley National Bancorp Acquiring Bank Leumi USA for $1.1B
Valley National Bancorp, headquarter in Wayne, NJ, will acquire Leumi, the U.S. subsidiary of Bank Leumi Le-Israel B.M., and parent company of… Read more
CHA Partners Debuts Senior Living Brand with East Hanover Facility
CHA Partners, a healthcare-focused, full-service, real estate development firm, recently unveiled LIVIA — a new upscale senior living brand with a new facility in East… Read more
Arden Group Invests $38 Million in Nashville Opportunity Zone
Arden Group has announced its latest investment, a project with a current budget of $38 million. In partnership with Ridgehouse… Read more
Boutique Apartments in Bergen County Trade to Private Investor
CBRE finalized the sale of The Schoolhouse, a three-building, 31-unit, apartment complex in Ridgewood, NJ. A private real estate family acquired the boutique property for… Read more
Progress Capital Secures $31M Refi on Sussex County Apartments
Brad Domenico and Gabby Cali of Progress Capital secured a $31,050,000 loan for a client to refinance Carlton Village Apartments,… Read more
EverWest, Woodmont Partner to Redevelop Somerset Offices as Industrial
EverWest Real Estate Investors, in joint venture with Woodmont Properties, has purchased a 351,782-square-foot office building and adjacent land site in Somerset,… Read more
Port of NY/NJ Sees Substantial Surges in Cargo Volume
As the national and local economies continued to recover amid the backdrop of the ongoing pandemic, the Port of New… Read more
Record-Setting River North Condo Deconversion Deal Nears the Finish Line
A developer’s record-setting deal to take over a 51-story condominium tower in River North has cleared a major hurdle, securing… Read more
Walker & Dunlop Grows Affordable Finance Team with NJ-Based Managing Director
Walker & Dunlop, Inc. has grown its affordable housing finance team with the addition of P.J. McDevitt as managing director, based in New… Read more
CBC Enhances Long-Term Performance with Five New Affiliates
As 2021 got underway, there was a concerted effort among businesses to find new ways of energizing their brands. Commercial… Read more
U.S. Arm of L’Occitane Exits Chapter 11 with “Right-Sized” Store Footprint
L’Occitane, Inc. exited Chapter 11 protection August 31 following the approval of its reorganization plan by the U.S Bankruptcy Court for the district of New… Read more
Signature Launches Capital Improvements at Parsippany Offices
Signature Acquisitions has launched a major capital improvement program at 100 Kimball, its 175,000-square-foot Class-A office building at 100 Kimball Drive… Read more
CMBS Delinquencies, Special Servicing Rate Improve in August
Fitch Ratings’ U.S. CMBS delinquency rate fell 26 basis points to 3.33% in August from 3.59% in July, the largest monthly decline since the… Read more