Commercial Observer New York Life Insurance Co. has provided an $83 million loan for the development of Lincoln Logistics, a 495,000-square-foot industrial property in Morris Plains, N.J. The project, at 201 Tabor Road, is being developed by a venture of ...
Commercial Real Estate Direct Staff Report The $54.5 million loan against 2 Executive Drive, a mixed-use building with 199,354 square feet of office space and 84 apartment units in Fort Lee, N.J., has transferred to special servicer K-Star Asset Management ...
REBusiness Online Hartz Mountain Industries has begun leasing its recently completed Hoboken Point apartment property in Weehawken, N.J. The 262-unit property, at 100 Harbor Blvd., on the northern border with Hoboken, N.J., has units with up to two bedrooms each ...
Commercial Real Estate Direct Staff Report Veris Residential has struck a deal to sell Harborside Plaza 5, a 977,225-square-foot office building in Jersey City, N.J., for $85 million, or $86.98/sf. The property is the last remaining office asset on Veris' ...
The Real Deal The Grand Jersey Group has agreed to pay $30 million for a five-acre development parcel at 411 Grand St. in Jersey City, N.J., on which it plans to build a mixed-use property. The West Orange, N.J., developer ...
The New York REIT bought the property from Seritage Growth Properties. The site long had housed a Sears and Sears Auto Center, but those were shuttered in 2017. Soon after, Seritage drew up redevelopment plans that resulted in the razing ...
Dailyvoice.com JCPenney has agreed to take 121,000 square feet at the 1.5 million-sf Willowbrook Mall in Wayne, N.J. The retailer will be moving out of the neighboring Wayne Towne Center and taking space at the Willowbrook property that previously had ...
Urban Edge Properties has paid $34 million, or just more than $354/sf, for Heritage Square, a 96,000-square-foot retail property in the northern New Jersey borough of Watchung. The New York REIT bought the property from Seritage Growth Properties. The site ...
The Real Deal The development group led by Mark Schwartz and his family is planning a 365-unit apartment property in Jersey City, N.J. The Lakewood, N.J., developer purchased the development site, at 212-230 Culver Ave., for $12.5 million in a ...
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