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CBRE Arranges $58M Loan for Refinancing of Office Complex in Short Hills, New Jersey

Taylor Williams — Fri, 23 Jan 2026 15:57:45 +0000

SHORT HILLS, N.J. — CBRE has arranged a $58 million loan for the refinancing of a two-building, 320,000-square-foot office complex in Short Hills, about 25 miles west of New York City. The property, which was 95 percent leased at the time of sale, offers amenities such as a fitness center with a yoga and meditation room, cafeteria and shuttle service to nearby public transit lines. Brad Zampa and Mike Walker of CBRE arranged the five-year, floating-rate loan on behalf of the owner, Columbia Pacific Advisors. An undisclosed, East Coast-based institutional real estate lender provided the funds.

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JLL Brokers $27.9M Sale of Retail Portfolio in Mount Olive, New Jersey

Taylor Williams — Fri, 23 Jan 2026 15:41:20 +0000

MOUNT OLIVE, N.J. — JLL has brokered the $27.9 million sale of a portfolio of net-leased retail properties totaling 167,532 square feet in Mount Olive, about 45 miles west of New York City. Known as The Gardens Portfolio, the collection spans eight properties across seven pad sites totaling 32,493 square feet and a Lowe’s Home Improvement store that totals 135,039 square feet. Other tenants include Applebee’s, LongHorn Steakhouse, Panera Bread, Wells Fargo, McDonald’s, Wendy’s, Panda Express and Chipotle. Kevin O’Hearn, Jose Cruz and J.B. Bruno of JLL represented the seller, Rivani, in the transaction.

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Cushman & Wakefield Negotiates 12,016 SF Office Lease in Hoboken

Taylor Williams — Fri, 23 Jan 2026 15:38:48 +0000

HOBOKEN, N.J. — Cushman & Wakefield has negotiated a 12,016-square-foot office lease in Hoboken. The tenant is cybersecurity firm Semperis, and the space is located on the ninth floor of the 13-story building at 111 River St., which is also home to Unilever’s new U.S. headquarters. Patrick Decker, Mina Shehata, David DeMatteis and Mark Zaziski of Cushman & Wakefield successfully represented Semperis in the lease negotiations. The landlord, SJP Properties, was self-represented.

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Walker & Dunlop Arranges $250M in Financing for Newark Multifamily Project

Taylor Williams — Thu, 22 Jan 2026 14:43:02 +0000

NEWARK, N.J. — Walker & Dunlop has arranged $250 million in financing for 22 Fulton, a 396-unit multifamily project in the Military Park neighborhood of Newark. The financing includes nearly $119 million from the Urban Investment Group at Goldman Sachs Alternatives across a construction loan, 4 percent Low-Income Housing Tax Credit (LIHTC) equity and a LIHTC bridge loan. The package also includes a $20 million preferred equity investment from an unnamed institutional capital provider and a $100 million forward commitment for a permanent loan by Barings. Barings has also committed additional funds to the project via the purchase of tax credits from the New Jersey Economic Development Authority’s Aspire program, which supports transit-oriented development. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Michael Ianno and Jackson Irwin of Walker & Dunlop arranged the financing on behalf of the borrower, a partnership between SK Development and the Berger Organization. The 21-story building will house 315 market-rate apartments and 80 affordable housing units that will be reserved for renters earning 60 percent or less of the area median income, as well as one staff residence and 4,700 square feet of retail space. Units will come in one- and two-bedroom floor…

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CBRE Provides $35.5M Agency Permanent Loan for Multifamily Property in Belleville, New Jersey

Taylor Williams — Wed, 21 Jan 2026 15:04:12 +0000

BELLEVILLE, N.J. — CBRE has provided a $35.5 million Freddie Mac permanent loan for The Essex, a 158-unit multifamily property located in the Northern New Jersey community of Belleville. According to Apartments.com, the newly constructed, four-story building offers studio, one- and two-bedroom units that range in size from 437 to 888 square feet. Amenities include a fitness center with a yoga room, rooftop courtyard with grilling stations and a fire pit, resident lounge, game room, coworking pods, package room and a pet washing station. Judah Hammer, Jeff Feldman and Jack Hayes of CBRE originated the loan. The borrower was not disclosed.

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Hawkins Way Capital Underway on Student Housing Renovation, Expansion Project in Newark

Taylor Williams — Tue, 20 Jan 2026 14:25:37 +0000

NEWARK, N.J. — Hawkins Way Capital, a California-based private equity firm, is underway on a student housing renovation and expansion project in Newark. The project involves transforming University Centre, a 521-bed complex that serves students at Rutgers University-Newark, the New Jersey Institute of Technology and Seton Hall University, to be able to accommodate 800 occupants as opposed to the current capacity of 690 students. Construction, inclusive of upgrades to 96 apartments and various common spaces, began last year on University Centre’s 13-story tower and five-story housing block while the complex was partially occupied. Work on remaining units is expected to be complete this summer. BDB Construction Enterprise is the construction manager and general contractor for the project.

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Triangle, Incline Begin Leasing 400-Unit Multifamily Project in East Orange, New Jersey

Taylor Williams — Tue, 20 Jan 2026 14:15:05 +0000

EAST ORANGE, N.J. — A partnership between two regional investment and development firms, Triangle Equities and Incline Capital, has begun leasing a 400-unit multifamily project in East Orange, about 20 miles west of New York City. Known as Embark at The Crossing, the project represents Phase I of a larger, 1,000-unit development called The Crossings at Brick Church Station. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two landscaped courtyards with fire pits, outdoor screening areas and grilling stations, as well as a fitness center, coworking lounge, resident clubroom, private theater, children’s playroom and a pet spa. Rents start at just under $2,000 per month for a studio apartment.

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CBRE Brokers Sale of 760,765 SF Retail Power Center in Princeton

Taylor Williams — Fri, 16 Jan 2026 15:24:03 +0000

PRINCETON, N.J. — CBRE has brokered the sale of Nassau Park Pavilion, a 760,765-square-foot retail power center in Princeton. Grocer Wegmans anchors the center, which is also home to tenants such as Target, Home Depot, Five Below, Floor & Décor, Just Salad, Bluestone Lane and Mezeh. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, SITE Centers Corp., in the transaction. The buyer was Bridge 33 Capital, an investment firm with offices in Chicago, Seattle and Las Vegas. The sales price was not disclosed.

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Univest Bank Provides $19.6M Construction Loan for Industrial Conversion Project in Parsippany, New Jersey

Taylor Williams — Thu, 15 Jan 2026 15:07:51 +0000

PARSIPPANY, N.J. — Univest Bank & Trust Co. has provided a $19.6 million construction loan for an industrial conversion project in the Northern New Jersey community of Parsippany. The project will convert the 156,000-square-foot, vacant office building at 7 Campus Drive into a 128,150-square-foot industrial facility with a clear height of 36 feet, 23 dock doors, two drive-in doors and103 car parking spaces. John Alascio, Chuck Kohaut, T.J. Sullivan and Mary Shin of Cushman & Wakefield arranged the debt. The borrower is a partnership between Saxum Real Estate and Penwood Real Estate Investment Management.

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Nasser Freres Nears Completion of 29-Story Apartment Tower in Jersey City

Taylor Williams — Mon, 12 Jan 2026 14:35:53 +0000

JERSEY CITY, N.J. — Developer Nasser Freres is nearing completion of The Greyson, a 29-story apartment tower in the Journal Square neighborhood of Jersey City. Designed by Handel Architects, The Greyson will have 622 apartments, approximately 45,000 square feet of office space and ground-floor retail space. Apartments will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a relaxation zone and spa, an art gallery and studio, children’s playroom, karaoke room, pet spa, bowling alley, screening room, game lounge, speakeasy, VR sports room with arcade games and a catering kitchen. Residents will also have access to a coworking space with a lounge, private work pods and conference rooms, as well as a fitness center, coffee bar, podcast/TikTok room and a party lounge. Construction began in summer 2024, and leasing will commence in February.

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G.S. Wilcox Arranges $110.5M Loan for Refinancing of Northern New Jersey Industrial Portfolio

Taylor Williams — Mon, 12 Jan 2026 14:29:19 +0000

MORRISTOWN, N.J. — Locally based financial intermediary G.S. Wilcox & Co. has arranged a $110.5 million loan for the refinancing of a portfolio of five industrial buildings totaling approximately 800,000 square feet in Northern New Jersey. The names and addresses of the buildings were not disclosed. Gretchen Wilcox and Al Raymond of G.S. Wilcox arranged the seven-year, fixed-rate loan through an undisclosed life insurance company. The borrower was also not named. The portfolio was 97 percent leased at the time of the loan closing.

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Hudson Atlantic Negotiates $10.8M Sale of Age-Restricted Apartment Complex in Netcong, New Jersey

Taylor Williams — Fri, 09 Jan 2026 13:40:34 +0000

NETCONG, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the $10.8 million sale of Kings View Apartments, a 38-unit apartment complex located in the Northern New Jersey community of Netcong. Units at the property, which was built in 2002, come in one- and two-bedroom floor plans and are reserved for renters age 55 and above. Amenities include a fitness center and a resident lounge. Adam Zweibel and Dante Fusaro of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed.

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JRK Acquires Three-Property Multifamily Portfolio for $400M

Hayden Spiess — Thu, 08 Jan 2026 12:14:00 +0000

LOS ANGELES — Real estate investment firm JRK Property Holdings has announced its acquisition of a portfolio of three multifamily properties for $400 million. The portfolio includes apartment communities located in Seattle; Hoboken, N.J.; and Los Angeles totaling 803 units. The seller was Equity Residential (NYSE: EQR), a Chicago-based multifamily REIT. Centennial in Seattle features 408 units, 77 Park Avenue in Hoboken comprises 301 units, and C on Pico in Los Angeles totals 94 units. According to Trulia.com, C on Pico offers two-bedroom units, with monthly rental rates beginning at $3,325. Monthly rental rates at 77 Park Avenue begin at $3,655, according to Zillow.com. Rachel Parsons, Derrek Ostrzyzek and Kenji Thomas of CBRE represented Equity Residential in the transaction. Ryan Greer, also with CBRE, arranged an undisclosed amount of acquisition financing for the deal on behalf of JRK. “These recent acquisitions exemplify the type of high-quality, well-located assets we continue to target in today’s market,” says Daniel Lippman, president of JRK. “We believe the multifamily sector has reached an inflection point whereby we can acquire assets at a unique time where new supply subsides and long-term fundamentals remain strong. These dynamics create a compelling backdrop that gave us the conviction to…

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Life Time to Open 85,000 SF Health Club at Gowanus Wharf in Brooklyn

Taylor Williams — Wed, 07 Jan 2026 14:51:47 +0000

NEW YORK CITY — Life Time (NYSE: LTH) will open an 85,000-square-foot health club in Brooklyn. The space is located within 175 Third Street, a 1.1 million-square-foot building that is under construction within the Gowanus Wharf development, and the club will feature both indoor and outdoor athletic and wellness facilities. Joe Mastromonaco and Colleen Morrissey of Atlantic Retail represented Life Time in the lease negotiations. A partnership between Charney Cos. and Tavros Capital owns the building.

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BlueGate Partners Arranges $150M Permanent Loan for Northern New Jersey Apartment Building

Taylor Williams — Tue, 06 Jan 2026 15:14:02 +0000

HOBOKEN AND JERSEY CITY, N.J. — Regional brokerage and debt advisory firm BlueGate Partners has arranged a $150 million permanent loan for The Devan, a 336-unit apartment building located along the Hoboken-Jersey City border. Completed in 2024, The Devan offers studio, one-, two- and three-bedroom units and amenities such as a fitness center, library/media room, coworking lounges, courtyard with a pool and a dog run. Mark DeLillo of BlueGate Partners arranged the financing on behalf of the borrower, a partnership between URSA Development Group and Fields Grade. The direct lender was not disclosed.

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Cushman & Wakefield Brokers Sale of 97,145 SF Industrial Park in Clifton, New Jersey

Taylor Williams — Mon, 05 Jan 2026 16:14:24 +0000

CLIFTON, N.J. — Cushman & Wakefield has brokered the sale ofthe 97,145-square-foot Route 3 Industrial Park in the Northern New Jersey community of Clifton. The property consists of two shallow bay buildings on a 4.5-acre site that were fully leased at the time of sale. Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema of Cushman & Wakefield represented the seller, Longpoint Partners, in the transaction. The buyer was The Silverman Group.

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JLL Arranges $176M Refinancing of Northern New Jersey, South Florida Industrial Portfolio

Taylor Williams — Tue, 23 Dec 2025 15:23:27 +0000

MORRISTOWN, N.J. — JLL has arranged a $176 million loan for the refinancing of a portfolio of six industrial properties totaling approximately 1.2 million square feet. Four of the properties are located in the Northern New Jersey communities of Carlstadt, Lyndhurst, Carteret and North Brunswick and feature clear heights of 16 to 25 feet. The other two properties are located in South Florida. Jim Cadranell, Gregory Nalbandian, Michael Lachs and Kevin Badger of JLL arranged the eight-year, fixed-rate loan through insurance giant Nationwide on behalf of the borrower, Seagis Property Group. The portfolio was 96 percent leased at the time of the loan closing.

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Marcus & Millichap Brokers $7.3M Sale of Retail Strip Center in Rutherford, New Jersey

Taylor Williams — Tue, 23 Dec 2025 15:02:56 +0000

RUTHERFORD, N.J. — Marcus & Millichap has brokered the $7.3 million sale of a 21,897-square-foot retail strip center in the Northern New Jersey community of Rutherford. The property at 308–314 Union Ave. was originally built in 1925 and most recently renovated in 2019. Tenants include Dunkin’, Kiddie Academy, Three Star News Stand, Next Big Coder, Master Park’s and Laundry Guy’s. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Kislak Negotiates $3.3M Sale of Industrial Facility in Pennington, New Jersey

Taylor Williams — Tue, 23 Dec 2025 15:00:35 +0000

PENNINGTON, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $3.3 million sale of a 30,375-square-foot industrial facility in Pennington, located just north of Trenton. The multi-building facility is known as Hopewell Valley Industrial Park and was originally built on 8.2 acres in 1988. Daniel Lanni of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Brookfield Completes 151,676 SF Industrial Project in Union, New Jersey

Taylor Williams — Mon, 22 Dec 2025 14:27:09 +0000

UNION, N.J. — Brookfield Properties has completed a 151,676-square-foot industrial project in the Northern New Jersey community of Union. Known as Union Distribution Center, the development features a clear height of 36 feet, 28 dock doors, two drive-in doors, 4,000 square feet of office space and parking for 16 trailers and 123 cars. PREMIER Design + Build Group handled both the architectural and general contracting aspects of the project.

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