Deutsche Bank, Goldman Sachs and Lehman Brothers are teaming up to provide $500 million of debt for the Garden State Plaza, one of the country's premier malls. The property is owned by a venture led by Westfield America Trust.
Built in 1988 and 1989, Riverview Executive Park consists buildings at 100, 200 and 300 Riverview Executive Park ???? each freestanding, four-story building contains 100,000 sf.
The REIT plans to pay off the mortgage on a large NJ mall as part of an effort to improve its debt rating. It has already unencumbered malls in Boston and Las Vegas.
February 26, 2004 Aetna has provided $7.5 million of financing for Marino Plaza I & II, two office/warehouse flex buildings totaling 127,000 square feet, in Clifton, N.J. Tom Didio of the New Jersey office of Holliday Fenoglio Fowler LP arranged ...
The REIT is in talks to refinance the $163 million mortgage on its Jersey Gardens mall in Elizabeth, N.J. It will probably line up a larger loan, given the property's performance. The loan is one of several Glimcher will look ...
February 19, 2004 Moody's Investors Service has affirmed the ratings of Freehold Raceway Mall Trust, 2001-FRM, a CMBS deal that is backed by a mortgage on a 1.4 million-square-foot mall in New Jersey.The property, in Freehold, N.J., has seen a ...
February 12, 2004 Wachovia Bank has provided $33.3 million of construction financing for Covington Village, a 360-unit active adult condominium community in Lakewood, N.J.The New Jersey office of Holliday Fenoglio Fowler LP arranged the 2.5-year, floating-rate loan. The general partner ...
February 11, 2004 A local investment group has purchased the Chase Manhattan Bank branch and office building in Paramus, N.J., from Grand Paramus LLC, an entity controlled by Greg Silvershein, managing partner of Grand Realty Group of Summit, N.J. Sonnenblick-Goldman ...
February 6, 2004 Home Properties (NYSE:HME) has acquired a portfolio of four apartment properties in northern New Jersey for $64.2 million, or about $120,000/unit.The Nodar Portfolio, which contains 534 units, is comprised of: Chatham Hill, a 380-unit property in Chatham; ...
A venture between Vornado Realty Trust and Applied Cos. has agreed to sell the Palisades, an upscale apartment complex in Fort Lee, N.J., for $222.5 million. Rockwood Realty is advising the venture on the sale.
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