David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Newark
Newark, Del., R&D Property Sells for $114Mln in Sale-Leaseback Deal
Philadelphia Business Journal Broadstone Net Lease has agreed to pay $114 million, or $167.65/sf, for the Stine Research Center, a roughly 680,000-square-foot research and development campus in Newark, Del. The New York REIT is acquiring the property from FMC Corp., ...
CMBS Loan Against Bridgewater Commons Mall Gets Paid Down, Extended
Commercial Real Estate Direct Staff Report The $287.72 million CMBS loan against the Bridgewater Commons shopping mall in northern New Jersey has been paid down to $238.88 million, facilitating its extension through November. The loan, with an original balance of ...
Dwight Capital Provides $110Mln HUD Loan for Newark, N.J., Apartments
Dwight Capital has provided $110 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 403-unit Fifty Five Union apartment property in Newark, N.J. The property, at 55 Union St., is in the city's ...
7411 Central Ave.
A venture of Palisade Group and Pearlmark Real Estate has paid $34 million, or $237.76/sf, for the 143,000-square-foot industrial property at 7411 Central Ave. in the San Francisco Bay Area city of Newark, Calif. Palisade, of Los Angeles, and Pearlmark, ...
San Francisco Bay-Area Industrial Property Sells for $34Mln
Commercial Real Estate Direct Staff Report A venture of Palisade Group and Pearlmark Real Estate has paid $34 million, or $237.76/sf, for the 143,000-square-foot industrial property at 7411 Central Ave. in the San Francisco Bay Area city of Newark, Calif. ...
Nuveen Lends $38.4Mln Against 200-Unit Apartment Property in Central N.J.
Nuveen Real Estate has provided $38.4 million of mortgage financing against the 200-unit Lofts at Helmetta apartment property in the central New Jersey borough of Helmetta. The five-building complex, the site of the former G.W. Helme Snuff Mill, is owned ...
CoreWeave Pays $322Mln for Northern N.J. Building, Land
The following item has been corrected to clarify that CoreWeave bought only Building 11, which it already occupied, as well as an adjoining 27-acre parcel. It did not buy the entire complex. CoreWeave Inc. has paid $322 million for the ...
Springfield Avenue Marketplace
Springfield Avenue Marketplace, at 204-234 Springfield Ave., was built in 2016 and is 96% occupied. It is anchored by a ShopRite supermarket. Other tenants include H&R Block, Ashley Stewart, T-Mobile, Hook & Reel, Taco Bell, McDonald's and Popeyes.
110,551-SF Shopping Center in Newark, N.J., Sells for $37.5Mln
Medipower Overseas Public Co. has paid $37.5 million, or $339.21/sf, for Springfield Avenue Marketplace, a 110,551-square-foot shopping center in Newark, N.J. The Israeli real estate company, which owns open-air retail properties in the United States, Canada, and Bulgaria, bought the ...
PGIM Lends $345Mln Against Mill Creek-Owned Apartment Portfolio
PGIM Real Estate has provided $345 million of financing against a portfolio of five apartment properties with 1,501 units owned by Mill Creek Residential Trust. The fixed-rate loan, funded through the investment manager's core strategy, allowed Mill Creek, a Boca ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
