City: Newark

Multi-Housing News An affiliate of Landmark Cos. has purchased 34 Bank, a 126-unit apartment property in Netcong, N.J., for $44.5 million, or $353,174/unit. The Aventura, Fla., company bought the property from a venture led by CrownPoint Development Group of Parsippany, ...

Parkview Financial has provided $90 million of financing for the construction of the first phase of the Halo, a proposed 949-unit apartment complex in Newark, N.J.,'s Central Ward on the western edge of the city's downtown. The first phase will ...

RJ Block Properties has paid $36.5 million, or $240,132/unit, for the 152-unit 24 Jones St. apartment property in the University Heights area of Newark, N.J. The Pomona, N.J., investor purchased the property from Tucker Development Corp. of Chicago, which had ...

ACORE Capital has provided $113.5 million of financing against a pair of office buildings in downtown Newark, N.J., facilitating their purchase and a proposed renovation. The three-year financing was arranged by JLL Capital Markets and Progress Capital of Tinton Falls, ...

Real Estate NJ CHA Partners broke ground this week for the Royal at Bloomfield Station, a 224-unit apartment project in Bloomfield, N.J. The property, at the corner of Ward Street and Bloomfield Avenue, will have 210 rental units and 14 ...

The Real Deal A venture of Reuten Associates and Metropolis Property Group is planning the Residences at Reuten Park, a 195-unit seniors-housing facility in Closter, N.J. It will demolish the manufacturing buildings on the site that Reuten Associates has owned ...

The Real Deal Hero Construction has lined up $19.5 million of construction financing from Metropolitan Bank for the 119-unit Modern apartment property in East Orange, N.J. The 18-month loan was arranged by Progress Capital. The five-story building, at 45 South ...

A group of banks led by Valley National Bank has provided $94 million of financing for the construction of a 403-unit apartment property at 55 Union St. in the Ironbound area of Newark, N.J. The group included Bank Hapoalim of ...

Commercial Observer CTL Capital has provided $82.5 million of financing against the 500,000-square-foot Claremont Tower office property in Newark, N.J. Walker & Dunlop arranged the loan, which has a 21.5-year term and a coupon that's less than 3 percent. Claremont ...

Commercial Observer Thorofare Capital has provided $30.8 million of financing against the multifamily project at 440 Elizabeth Ave. in Newark, N.J. The Chetrit Group is developing the 25-story building on the site of the former Carmel Towers, which it had ...