City: Newark

Terreno Realty Corp. has paid $186 million, or just more than $308/sf, for the Morton Commerce Center, a four-building industrial property in Newark, Calif., which is just north of San Jose, Calif. The Bellevue, Wash., REIT bought the property from ...

Dwight Mortgage Trust has provided $26 million of bridge financing for REDKA 1, a 150-unit apartment property in East Orange, N.J., that's undergoing a massive renovation. The property, formerly known as Highview House, is at 121-127 South Munn Ave., and ...

Sumitomo Mitsui Banking Corp. has provided $75.8 million of financing to facilitate Hines' $127 million, or $172/sf, acquisition of the Newark Distribution Center, a 738,238-square-foot industrial complex in the Ironbound area of Newark, N.J. Hines had purchased the three-building property, ...

Kohan Retail Investment Group was the buyer of the Cumberland Mall in Vineland, N.J. The company bought the shopping mall, nearly 40 miles west of Atlantic City in southern New Jersey, from Pennsylvania REIT for $45 million, allowing the company ...

The Triangle Equities venture that is developing the Crossings at Brick Church Station mixed-use property in East Orange, N.J., has lined up $333.45 million of financing for the project's first phase. For the property's residential component, the Whitestone, N.Y., developer ...

The Real Deal Brookfield Asset Management has paid $67.3 million, or $1,150/sf, for the 58,500-square-foot industrial and rail property at 1100 Newark Turnpike in Kearny, N.J. The investment manager bought the property, on a 9.3-acre site off the New Jersey ...

ROI-NJ.com Citizens Bank has provided a $27.3 million loan to a venture of JPMorgan Global Alternatives and Creation Equity for its purchase of a 9.95-acre development site in Newark, N.J. Cushman & Wakefield represented the borrowers. The site, known as ...

Knighthead Funding has provided $31 million of financing against the former Elizabethtown Gas headquarters building at 1085 Morris Ave. in Union, N.J. The building, constructed in 1988, is owned by Liberty Hall JV LLC, an affiliate of Cali Futures LLC, ...

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, ...