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: Paramus
Paramus Park Mall in Northern New Jersey Gets Clobbered in Latest Appraisal
The Paramus Park shopping mall in the northern New Jersey borough of Paramus has been reappraised at a value of only $61.4 million. The latest appraisal is bad news for the CMBS deal that holds a $120 million mortgage against ...
Paramus Plaza
Paramus Plaza, which is 13 miles northwest of Manhattan, is fully leased and anchored by Hobby Lobby. Other tenants include Marshalls, Skechers and Chipotle. Progress Capital arranged the financing.
Venture Pays $36.8Mln for Paramus, N.J., Shopping Center
Commercial Observer A venture of DRA Advisors and Crown Acquisitions has paid $36.8 million, or $239.75/sf, for the 153,494-square-foot Paramus Plaza retail property in northern New Jersey. The venture purchased the property, at 545 Route 17 South in Paramus, N.J., ...
Citigroup Lends $46.5Mln Against Northern N.J. Apartments
Citigroup has provided $46.5 million of mortgage financing for the 140-unit Soldier Hill Commons apartment property at 1-5 Soldier Hill Road in the northern New Jersey borough of Paramus. The loan, which is expected to be securitized, was arranged by ...
61 South Paramus Road
First Mile Properties has paid $56 million, or $194.86/sf, for a 287,392-square-foot office property in Paramus, N.J. The affiliate of developer Crown Acquisitions Inc. of New York bought the property, at 61 South Paramus Road, from a venture of DRA ...
Paramus, N.J., Office Building Sells for $56Mln
Commercial Observer First Mile Properties has paid $56 million, or $194.86/sf, for a 287,392-square-foot office property in Paramus, N.J. The affiliate of developer Crown Acquisitions Inc. of New York bought the property, at 61 South Paramus Road, from a venture ...
Plans OK’d for 360-Unit Apartment Property in Paramus, N.J.
The Real Deal The Paramus, N.J., Planning Board has approved a proposal from an affiliate of Russo Development to build a 360-unit apartment property next to the Paramus Park shopping mall. The Carlstadt, N.J., developer will construct the property at ...
Garden State Plaza Shopping Mall in Northern N.J. Gets $525Mln Loan in Big Refi
Commercial Real Estate Direct Staff Report Unibail-Rodamco-Westfield has refinanced the $525 million of mortgage debt against its 2.06 million-square-foot Garden State Plaza shopping mall in the northern New Jersey borough of Paramus. The Paris developer, which owns the property in ...
Urban Edge Lines Up $290Mln of Fresh Debt Against North Jersey Retail Property
Urban Edge Properties has lined up a $290 million loan against the Bergen Town Center shopping mall in Paramus, N.J. New York Life Insurance Co. and MetLife Investment Management provided the mortgage, which pays a fixed rate and comes with ...
Maturing $300Mln Loan Against N.J. Shopping Center Transfers to Special Servicing
Commercial Real Estate Direct Staff Report The $300 million CMBS loan against the Bergen Town Center shopping mall in northern New Jersey has transferred to special servicer KeyBank because it's expected to default at its maturity next month. The loan ...
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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.
