New Jersey Archives - REBusinessOnline

Madison Realty Capital Provides $61M Bridge Loan for Northern New Jersey Apartment Complex

Taylor Williams — Wed, 01 Jul 2026 12:27:00 +0000

NORTH BERGEN, N.J. — Madison Realty Capital has provided a $61 million bridge loan for Braddock Park West, a 10-story apartment building located outside of New York City in North Bergen. Completed earlier this year, Braddock Park West features 135 units in studio, one- and two-bedroom floor plans with an average size of 801 square feet. Amenities include a fitness center, coworking lounge and a rooftop terrace. Jordan Casella, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz and Cole Grims of Walker & Dunlop arranged the floating-rate loan on behalf of the owner, Sanz Property Management.

The post Madison Realty Capital Provides $61M Bridge Loan for Northern New Jersey Apartment Complex appeared first on REBusinessOnline.

JLL Arranges Construction Financing for 709-Unit Self-Storage Facility in Hillsborough, New Jersey

Taylor Williams — Tue, 30 Jun 2026 13:52:03 +0000

HILLSBOROUGH, N.J. — JLL has arranged an undisclosed amount of construction financing for a 709-unit self-storage facility that will be located in the Northern New Jersey community of Hillsborough. The site spans 8.6 acres at 35 Bedle St., and the facility will feature 76,119 net rentable square feet of climate-controlled space. Michael Klein, Nazario Paragano and Michael Donohoe of JLL arranged the financing through Provident Bank on behalf of the developer, Shadowbrook Capital. Extra Space Storage will operate the facility. Completion is slated for 2027.

The post JLL Arranges Construction Financing for 709-Unit Self-Storage Facility in Hillsborough, New Jersey appeared first on REBusinessOnline.

Hudson Atlantic Negotiates Sale of 59-Unit Affordable Seniors Housing Building in Bayonne, New Jersey

Taylor Williams — Tue, 30 Jun 2026 13:45:37 +0000

BAYONNE, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the sale of a 59-unit affordable seniors housing community in Bayonne, roughly 10 miles outside New York City. Senior Horizons at Bayonne features units that carry a range of income restrictions, including for residents earning 40 to 60 percent of the area median income. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed.

The post Hudson Atlantic Negotiates Sale of 59-Unit Affordable Seniors Housing Building in Bayonne, New Jersey appeared first on REBusinessOnline.

Woodmont, Canoe Brook Complete 199-Unit Apartment Complex in Randolph, New Jersey

Taylor Williams — Mon, 29 Jun 2026 13:30:00 +0000

RANDOLPH, N.J. — A partnership between Woodmont Properties and Canoe Brook Development has completed WoodBrook at Randolph, a 199-unit apartment complex in Northern New Jersey. The property comprises a four-story mid-rise building with 97 flats and seven buildings with 102 multi-story townhome-style residences. Unit feature one- to three-bedroom floor plans and dual-sink vanities, soaking tubs, full-size washers and dryers, private patios or balconies and keyless entry systems. Amenities include a sports simulator, pool, coworking space, yoga room and a fitness center. Leasing began last August.

The post Woodmont, Canoe Brook Complete 199-Unit Apartment Complex in Randolph, New Jersey appeared first on REBusinessOnline.

NAI DiLeo-Bram Negotiates $10.5M Sale of Industrial Building in Piscataway, New Jersey

Taylor Williams — Mon, 29 Jun 2026 13:20:00 +0000

PISCATAWAY, N.J. — NAI DiLeo-Bram & Co. (NAIDB) has negotiated the $10.5 million sale of a 41,309-square-foot industrial building in the Northern New Jersey community of Piscataway. According to LoopNet Inc., the building at 281 Centennial Ave. was originally constructed in 1973. Robert J. DiLeo, Kyle Gerace and Robert V. DiLeo of NAIDB represented both the seller, HVAC services company Binsky & Snyder, and the buyer, Eastern Lift Truck Co., in the transaction.

The post NAI DiLeo-Bram Negotiates $10.5M Sale of Industrial Building in Piscataway, New Jersey appeared first on REBusinessOnline.

Cushman & Wakefield Arranges Financing for IOS Facility in South Plainfield, New Jersey

Taylor Williams — Mon, 29 Jun 2026 13:00:00 +0000

SOUTH PLAINFIELD, N.J. — Cushman & Wakefield has arranged an undisclosed amount of acquisition financing, as well as joint venture equity, for an approximately 8-acre industrial outdoor storage (IOS) facility in South Plainfield, about 40 miles southwest of New York City. The facility at 200 Saint Nicholas Ave. houses two maintenance facilities totaling 10,000 and 20,000 square feet. John Alascio, T.J. Sullivan and Chris Meloni led the transaction for Cushman & Wakefield on behalf of the sponsor, Ridgecut Road.

The post Cushman & Wakefield Arranges Financing for IOS Facility in South Plainfield, New Jersey appeared first on REBusinessOnline.

Cushman & Wakefield Arranges $80M Loan for Refinancing of Northern New Jersey Office Campus

Taylor Williams — Fri, 26 Jun 2026 14:15:10 +0000

PARSIPPANY, N.J. — Cushman & Wakefield has arranged an $80 million loan for the refinancing of LATITUDE, a 35-acre office campus located in the Northern New Jersey community of Parsippany. LATITUDE features 524,859 square feet of office space across multiple buildings. Tenants include Gilead, FM Global, Mead Johnson, Essential Homes and Sax Wealth Advisors. Oak Funding, a locally based bridge lender and private equity real estate firm, along with Oak North Bank, provided the debt. Chuck Kohaut, Brad Domenico, David Bernhaut, Alexander Hernandez, Frank Stanislaski, Bill Baunach and Jack Subers led the debt placement efforts for Cushman & Wakefield. The borrower, a partnership between Rubenstein Partners and Vision Real Estate Partners, first acquired LATITUDE in 2017 and subsequently renovated the campus, inclusive of the addition of 30,000 square feet of new amenities.

The post Cushman & Wakefield Arranges $80M Loan for Refinancing of Northern New Jersey Office Campus appeared first on REBusinessOnline.

Doors & Spaces Buys 32,850 SF Industrial Facility in Voorhees, New Jersey

Taylor Williams — Fri, 26 Jun 2026 13:27:27 +0000

VOORHEES, N.J. — Doors & Spaces, a regional investment firm focused on small-bay industrial product, has purchased a 32,850-square-foot facility in Voorhees, located in Southern New Jersey’s Camden County. The sales price was $4.1 million. The facility was built on a 3.3-acre site at 476 Centennial Blvd. in 1987 and was fully leased at the time of sale to eight tenants. The seller was not disclosed.

The post Doors & Spaces Buys 32,850 SF Industrial Facility in Voorhees, New Jersey appeared first on REBusinessOnline.

LANDMARK Nears Completion of 100-Unit Multifamily Project in Plainfield, New Jersey

Taylor Williams — Thu, 25 Jun 2026 14:29:07 +0000

PLAINFIELD, N.J. — Local developer LANDMARK is nearing completion of CENTURION Sleepy Hollow, a 100-unit multifamily project located in the Northern New Jersey community of Plainfield. Designed by Rotwein + Blake with interiors by Mary Cook Associates, CENTURION Sleepy Hollow offers one- and two-bedroom units, as well as retail space. Amenities include a fitness center, resident lounge, coworking space and a rooftop terrace. The first move-ins began late last summer.

The post LANDMARK Nears Completion of 100-Unit Multifamily Project in Plainfield, New Jersey appeared first on REBusinessOnline.

ICON Real Estate Advisors Negotiates $7.5M Sale of Newark Apartment Building

Taylor Williams — Thu, 25 Jun 2026 14:25:15 +0000

NEWARK, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $7.5 million sale of a 58-unit apartment building in Newark. The building at 469 Elizabeth Ave. offers one-, two- and three-bedroom units. David Jarvis and David Oropeza of ICON represented the seller, an entity doing business as Newark 469 Elizabeth LLC, in the transaction and procured the buyer, Dove Management.

The post ICON Real Estate Advisors Negotiates $7.5M Sale of Newark Apartment Building appeared first on REBusinessOnline.

Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower

Taylor Williams — Tue, 23 Jun 2026 14:46:17 +0000

NEW YORK CITY — Developer Nasser Freres has received a $375 million construction loan for JFK Boulevard, an 840-unit apartment tower that will be located in the Journal Square area of Jersey City. The building will offer studio, one-, two- and three-bedroom units, 10 percent of which will be designated as affordable housing. Amenities will include a spa, fitness center, multi-sport court, coworking and library lounges, game and screening rooms, an outdoor pool with sun decks, dog run, pet spa and a rooftop lounge. In addition, JFK Boulevard will feature 50,000 square feet of retail space that will be anchored by an organic grocer. Keith Kurland, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Jack Krentzman of Walker & Dunlop arranged the floating-rate, interest-only loan through Madison Realty Capital. Completion is slated for early 2029.

The post Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower appeared first on REBusinessOnline.

JLL Negotiates Sale of 72,908 SF Industrial Portfolio in Rockaway, New Jersey

Taylor Williams — Mon, 22 Jun 2026 13:17:30 +0000

ROCKAWAY, N.J. — JLL has negotiated the sale of a portfolio of two industrial buildings totaling 72,908 square feet in the Northern New Jersey community of Rockaway. The shallow-bay buildings at 200 and 300 Roundhill Drive, which were fully leased at the time of sale, were constructed on a combined between 1987 and 1990 and feature clear heights of 20 feet. Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, North Jersey Development Group, in the transaction and procured the buyer, Faropoint.

The post JLL Negotiates Sale of 72,908 SF Industrial Portfolio in Rockaway, New Jersey appeared first on REBusinessOnline.

Cushman & Wakefield Brokers $17M Sale of Office Building in West Orange, New Jersey

Taylor Williams — Fri, 19 Jun 2026 13:43:58 +0000

WEST ORANGE, N.J. — Cushman & Wakefield has brokered the $17 million sale of a 129,298-square-foot office building in West Orange, about 20 miles west of New York City. The newly renovated building sits on an 8.7-acre site at 300 Executive Drive and was fully leased at the time of sale. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, Triumvirate Realty, in the transaction and procured the buyer, an entity doing business as Executive Drive W Orange LLC. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged acquisition financing for the deal.

The post Cushman & Wakefield Brokers $17M Sale of Office Building in West Orange, New Jersey appeared first on REBusinessOnline.

Ilitch Cos. Agrees to Acquire Two Casinos in Mississippi and New Jersey, Forms Ilitch Gaming

Matthew Auchincloss — Fri, 19 Jun 2026 12:00:00 +0000

DETROIT — Ilitch Cos., which owns and operates the Detroit Red Wings, the Detroit Tigers, pizza chain Little Caesar’s and Olympia Entertainment, has agreed to acquire Scarlet Pearl Casino Resort in D’Iberville, Miss., as well as the remaining 50 percent ownership interest in Ocean Casino Resort in Atlantic City, N.J. In conjunction, Ilitch Cos. CEO Chris Ilitch has also announced the formation of Ilitch Gaming, a new enterprise that will oversee the company’s gaming businesses, including the two new casinos. Detroit-based Ilitch Cos. also owns MotorCity Casino Hotel, located in Detroit, which will also now come under Ilitch Gaming’s operating umbrella. Scarlet Pearl Casino Resort is a 300-key hotel with a gaming floor containing more than 800 slots and video poker machines and 30 table games. The property also features multiple amenities and a 36-hole miniature golf course. The purchase of Scarlet Pearl Casino Resort marks the third market Ilitch Cos. has expanded into. Ocean Casino Resort features 1,860 rooms with a 135,000-square-foot casino floor, a 4,500-seat concert venue and 160,000 square feet of meeting and convention space. The beachfront property spans than 20 acres and offers proximity to the Atlantic City Boardwalk. In addition, Ocean Casino Resort offers a…

The post Ilitch Cos. Agrees to Acquire Two Casinos in Mississippi and New Jersey, Forms Ilitch Gaming appeared first on REBusinessOnline.

Joint Venture Acquires 348,742 SF Retail Power Center in Ramsey, New Jersey

Taylor Williams — Thu, 18 Jun 2026 14:53:30 +0000

RAMSEY, N.J. — A joint venture between New York City–based alternative asset manager Wafra and local owner-operator Crossroads Cos. has acquired a 348,742-square-foot retail power center in Ramsey, located near the New York-New Jersey border. Interstate Shopping Center is a grocery-anchored (Shoprite) center that comprises seven buildings and 42 suites. Other tenants include T.J. Maxx, Burlington, Ulta Beauty, Michaels and DSW. Chris Munley, Colin Behr, David Gavin, Ryan Sciullo and Casey Benson Smith of CBRE structured the joint venture. Axiom Capital arranged acquisition financing for the deal. The seller and sales price were not disclosed.

The post Joint Venture Acquires 348,742 SF Retail Power Center in Ramsey, New Jersey appeared first on REBusinessOnline.

Target Opens 150,000 SF Store at West Orange Plaza in Northern New Jersey

Taylor Williams — Wed, 17 Jun 2026 13:45:46 +0000

WEST ORANGE, N.J. — Target has opened a 150,000-square-foot store in the Northern New Jersey community of West Orange. The store, which is ultimately expected to employ about 280 people, is located within West Orange Plaza, a 298,000-square-foot center that is anchored by Whole Foods Market and is currently in the midst of a redevelopment. The store is the Minneapolis-based retailer’s 55th in New Jersey and third to open in the state in the past 12 months. Levin Management Corp. is the leasing agent for West Orange Plaza.

The post Target Opens 150,000 SF Store at West Orange Plaza in Northern New Jersey appeared first on REBusinessOnline.

Partnership Breaks Ground on 78-Unit Multifamily Project in Long Branch, New Jersey

Taylor Williams — Tue, 16 Jun 2026 14:21:12 +0000

LONG BRANCH, N.J. — A partnership between two local companies, Downeaster Development and TANTUM Real Estate, has broken ground on The Elbie, a 78-unit multifamily project in the Northern New Jersey community of Long Branch. Designed by Rotwein + Blake Associates, the four-story building will house one- and two-bedroom units, as well as 4,000 square feet of ground-floor retail space. Amenities will include a fitness center, clubroom, game room, recording and podcast studio and outdoor grilling and dining stations. The first units are expected to be available for occupancy in late spring 2027.

The post Partnership Breaks Ground on 78-Unit Multifamily Project in Long Branch, New Jersey appeared first on REBusinessOnline.

CBRE Arranges $31M Permanent Loan for Central New Jersey Apartment Complex

Taylor Williams — Mon, 15 Jun 2026 14:16:30 +0000

MONTGOMERY TOWNSHIP, N.J. — CBRE has arranged a $31 million permanent loan for The Somerset at Montgomery, a 115-unit apartment complex in Central New Jersey. Completed in 2024, the two-building complex houses 92 market-rate units and 23 affordable apartments that are furnished with in-unit washers and dryers and private balconies. Amenities include a fitness center, business center and outdoor grilling and dining stations. Matthew Pizzolato, Josh Stein, Jason Gaccione, Shawn Rosenthal and Jake Salkovitz of CBRE arranged the loan through New York Life on behalf of the developer, County Classics.

The post CBRE Arranges $31M Permanent Loan for Central New Jersey Apartment Complex appeared first on REBusinessOnline.

Marcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New Jersey

Taylor Williams — Mon, 15 Jun 2026 14:10:28 +0000

PENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington. The two-story center was 77 percent leased at the time of sale to 11 tenants, with Dunkin’ and Subway serving as the anchors. The center’s second level also includes office space. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller in the transaction and worked with Marcus & Millichap’s David Cafiero and Damien Rance to procure the buyer. Both parties were New Jersey-based private investors that requested anonymity.

The post Marcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New Jersey appeared first on REBusinessOnline.

NAI DiLeo-Bram Arranges $4.7M Sale of Industrial Building in Somerset, New Jersey

Taylor Williams — Fri, 12 Jun 2026 13:31:20 +0000

SOMERSET, N.J. — Locally based brokerage firm NAI DiLeo-Bram has arranged the $4.7 million sale of a 20,269-square-foot industrial building in the Northern New Jersey community of Somerset. The building sits on a 3-acre site at 85 Commerce Drive and features a clear height of 19 feet. Kyle Gerace, Chris Chiusolo and Sweemit Goswami of NAI DiLeo-Bram represented the buyer, Approved Fire Protection, in the transaction. The seller was PepsiCo Inc./Frito Lay.

The post NAI DiLeo-Bram Arranges $4.7M Sale of Industrial Building in Somerset, New Jersey appeared first on REBusinessOnline.