State: New Jersey -NJ

Commercial Real Estate Direct Staff Report Gabriel Hamani, the former chief executive of Bank Hapoalim and former partner of Northwind Group, has paid $38.74 million, or $372,500/unit, for the 104-unit apartment property at 803 South Ave. in Plainfield, N.J. Hamani ...

Berkshire Residential Investments has paid $85 million, or $431,472/unit, for the 197-unit Signature Place apartment property in Morris Plains, N.J. The Boston investment manager bought the property from Veris Residential Inc. of Jersey City, N.J., in a deal arranged by ...

Kearny Bank has provided a $29.5 million construction loan for the Soho Park Residences, an age-restricted apartment project at 116 Harrison St. in Nutley, N.J. JLL Capital Markets arranged the floating-rate loan, which has a 2.5-year term. The 85-unit property ...

Commercial Observer Blackstone Real Estate Debt Strategies has provided $515 million of financing for the construction of the 966-unit first phase of the 1,723-unit Journal apartment property at 1 Journal Square in Jersey City, N.J., which is being developed by ...

Medipower Overseas Public Co. has paid $37.5 million, or $339.21/sf, for Springfield Avenue Marketplace, a 110,551-square-foot shopping center in Newark, N.J. The Israeli real estate company, which owns open-air retail properties in the United States, Canada, and Bulgaria, bought the ...

Commercial Observer New York Life Insurance has provided a $90 million loan against the 285-unit Beacon Hill Apartments in Marlboro, N.J. Cushman & Wakefield arranged the financing on behalf of the property's owner, Kushner Real Estate Group of Jersey City, ...

Lincoln Equities has paid $113 million, or $664,706/unit, for the 170-unit Ocean Gate apartment property in the Jersey Shore community of Long Branch, N.J. The East Rutherford, N.J., investor, which is planning to convert the property into for-sale condominiums, bought ...

Philadelphia Business Journal Performance Team has leased the entire 1.2 million-square-foot Box Park Logistics Center in the Philadelphia suburb of Cinnaminson, N.J. The industrial property, at 995 Taylors Lane, is owned by Logistics Property Co. of Chicago, which was represented ...