State: New Jersey -NJ
Seniors-Housing Property Near Princeton, N.J., Trades for $97.5Mln
ROI-NJ.com Inspired Healthcare Capital has purchased the 195-unit Homestead at Hamilton seniors-housing property in Hamilton Township, N.J., for $97.5 million, or $500,000/unit. The Scottsdale, Ariz., investment manager bought the property, which sits on 20 acres at 2560 Kuser Road, from ...
Kushner Breaks Ground for 2Mln-SF Mixed-Use Building in Jersey City, N.J.
REBusiness Online Kushner Cos. has broken ground for One Journal Square, a mixed-use property in Jersey City, N.J., that will have 1,723 apartment units and 40,000 square feet of ground-floor retail space next to a PATH commuter transit station providing ...
PGIM Lends $87.1Mln Against New Jersey Apartments
PGIM Real Estate has provided $87.1 million of financing against the Valley and Bloom apartment property in the New York City suburb of Montclair, N.J. The seven-year loan, which pays a floating coupon, was arranged by JLL Capital Markets. The ...
Triple Five Misses Interest Payment on $800Mln Bond Tied to American Dream Mall
The Real Deal Triple Five Group didn't make a semi-annual payment on an $800 million municipal bond, putting its continued ownership of the American Dream Mall in East Rutherford, N.J., in jeopardy. The Edmonton, Alberta, developer has until June 16 ...
PGIM, AXA Lend $350Mln Against Southern N.J. Apartment Portfolio
REBusiness Online PGIM Real Estate has teamed with AXA IM Alts to provide a $350 million loan against a portfolio of 29 industrial properties encompassing 4.9 million square feet in Burlington and Gloucester counties in southern New Jersey. The borrower ...
Kushner Breaks Ground on 307-Unit Apartment Building in Fair Lawn, N.J.
REBusiness Online Kushner Cos. has begun construction of a 307-unit apartment property that will be restricted to tenants 55 and older in the northern New Jersey borough of Fair Lawn, N.J. The property, at 19-00 Pollitt Drive, will have one- ...
Invesco Buys Majority Interest in Roseland, N.J., Apartment Property in $160Mln Deal
Multi-Housing News Invesco Real Estate Income Trust Inc. has acquired a majority interest in the Everly Roseland apartment property in Roseland, N.J., in a deal valuing the 360-unit property at $160.5 million, or $445,833/unit. Novel Property Ventures of New York, ...
Minnesota Life Lends $25Mln for Hoboken, N.J., Grocery-Anchored Retail Center
Minnesota Life Insurance Co. has provided a $25 million mortgage against the 95,688-square-foot grocery-anchored retail center at 900 Madison St. in Hoboken, N.J. The 10-year loan was originated by Securian Asset Management of St. Paul, Minn., on Minnesota Life's behalf ...
Development Parcel in Paramus, N.J., Sold for $23.95Mln
STRO Cos. has paid $23.95 million for a 15.8-acre development parcel along Route 17 in Paramus, N.J. The Ridgewood, N.J., developer, part of the Millstein family office, bought the site, commonly referred to as the Route 17 Gateway Parcel, from ...
$22.5Mln Lent Against Jersey City, N.J., Apartment Building
Argentic Investment Management has provided $22.5 million of financing against the Nest Micro Apartments, with 122 studio units in the Journal Square section of Jersey City, N.J. JLL Capital Markets arranged the loan on behalf of the borrower, 190 Academy ...
About
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.
Subscribe to our Weekly Newsletter!
