Cross River debuts CRE lending platform with $19+M in bridge financing

Cross River Bank has closed the first loans under its new Lender Finance platform, the Fort Lee-based bank announced this week. The bank created the platform and hired Managing Director of Lender Finance Jack Adler...

Liberty Property Trust ends 2018 with 95K sq.ft. of new leases in South Jersey

In 2018, Liberty Property Trust signed more than 95,000 square feet of leases in South Jersey, it announced Monday. The company also said it ended the year with 99 percent occupancy in the region. “We continue...

CBRE represents Morris County Chamber in Florham Park lease renewal

Real estate investment firm CBRE announced on Friday the Morris County Chamber of Commerce has renewed its office lease in Florham Park. CBRE, which arranged the deal, said MCCC will occupy 4,420 square feet of...

Maker of industrial films, bags moves to larger space in Sparta

A maker of polyethylene films and bags has moved from Rochelle Park to a larger space in Sparta, it announced Tuesday. Steelson LLC, which does business as Steelson Packaging and Steelson Supply, said substantial growth...

CBRE inks new HQ lease for fruit snack maker Promotion in Motion

Promotion in Motion Inc., a manufacturer of fruit snacks, fruit rolls, confections and other snack foods, has signed a 110,945-square-foot headquarters lease in Park Ridge. The lease at 225 Brae Blvd. was CBRE's largest office...

Demolition clears way for 1M sq.ft. of development in Perth Amboy

Demolition is under way as the former ASARCO property in Perth Amboy is cleared for an additional 1 million square feet of modern industrial buildings. Perth Amboy Mayor Wilda Diaz kicked off the razing Aug....

Dual-branded hotel opens at Glenpointe complex

Officials from developer Alfred Sanzari Enterprises and others cut the ribbon Thursday for a new Hampton Inn & Suites and Homewood Suites hotel located in Teaneck. The ceremony celebrated the opening of the 15-story, 350-room...

Joint venture launches construction of self storage facility in Montville

A joint venture between real estate firms Diversified Properties and New York City-based 1026 Real Estate Investors LLC has broken ground on self-storage facility in Montville. The three-story, 98,000-square-foot, climate-controlled center will be located at...

Warehouse land prices soar in North, Central N.J.: CBRE

Northern and Central Jersey ranked among the highest regions for warehouse development land prices, according to a recent report from CBRE. The real estate services firm said the average price nationwide for large industrial parcels...

Madox in Jersey City changes institutional investor in deal orchestrated by C&W

Madox in Jersey City, a 131-unit luxury apartment community, has traded investor hands, according to East Rutherford-based Cushman & Wakefield. The community, which is located at 189 Van Vorst St. in the Paulus Hook neighborhood,...

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DOL: Unemployed workers will get $600 in additional benefits this week

The state’s Department of Labor & Workforce Development said Tuesday it has successfully processed supplemental unemployment payments for more than 500,000 people. Those eligible for...

Murphy, with no holiday spike and new president, expresses optimism despite vaccine shortcomings

While acknowledging there still is a supply issue involving getting doses of the COVID-19 vaccine, Gov. Phil Murphy expressed optimism about the state’s fight...

Bridgewater office building sold, C&W says

A Bridgewater office building has been sold, according to real estate firm Cushman & Wakefield. The 58,233-square-foot property at 745 U.S. Highway 202/206 was sold...

3 top lawyers join Mandelbaum Salsburg as partners

Robert Scrivo, a former special counsel and assistant U.S. attorney working out of the Newark office, is one of three top lawyers to join...

JLL arranges $89.5M development loan, $48.8M acquisition loan

JLL Capital Markets has arranged the financing for a pair of projects, it announced Tuesday. In the first deal, the real estate services firm announced...