State: New Jersey -NJ

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 ...

Commercial Real Estate Direct Staff Report Crowdfunding platform EquityMultiple has provided $30 million of senior mortgage financing to facilitate Inspired by Somerset Development's planned redevelopment of the former headquarters of Commvault Systems Inc. in Tinton Falls, N.J. Inspired, a Holmdel, ...

Commercial Real Estate Direct Staff Report Gateway Business Park, a 514,047-square-foot office complex in the Philadelphia suburb of Mount Laurel, N.J., hasn't generated enough cash flow to fully service its $46.27 million loan for more than two years. Debt-service payments ...

ROI-NJ Kessler Rehabilitation Center has leased 125,000 square feet at the 200,000-sf Harborside 6 office building in Jersey City, N.J. The rehab hospital operator will occupy the 10-story building's top two floors. The property, at 135 Greene St., is owned ...

Berkadia has provided $35.75 million of Fannie Mae mortgage financing against the 110-unit apartment property at 829 Garfield Ave. in Jersey City, N.J. The five-year loan allowed the property's owner, Tay Investments of Hackensack, N.J., to refinance existing debt. The ...

Greystone has provided $80 million of short-term financing against the 325-unit Meridia Roselle Park 10 apartments in Roselle Park, N.J. The bridge loan retires $68.5 million of financing that ACORE Capital had provided four years ago to fund construction of ...