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Commercial Real Estate Direct Staff Report Rialto Capital Advisors, which last year had taken title to the Hilton Woodcliff Lake hotel in northern New Jersey, has put the 338-unit property up for sale. The property, at 200 Tice Blvd. in ...
Morgan Stanley has provided $50 million of financing against Tice's Corner, a 119,197-square-foot shopping center in Woodcliff Lake, N.J., owned by David Adam Realty Inc. The loan requires only interest payments for its 10-year term and pays a coupon of ...
65 percent occupied. The Hudson/BHN venture had funded its purchase with a $26.2 million loan from Streamline Realty Funding that was arranged by Cushman & Wakefield.
Hartford Life Accident and Principal Life hold the debt against the property, which is leased through December 2021 to Elsai Inc., a subsidiary of a Japanese pharmaceuticals company.
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