8 stories on new jersey in commercial real estate.
The NY/NJ region hosting the July 19 World Cup Final projects $3.3 billion in economic impact and saw short-term rentals near MetLife surge roughly 500% — even as NYC hotels sat just 18% booked for the tournament window.
RIPCO Real Estate brokers Seth Pollack and Nina Becker arranged the $13.8M sale of a 70,000 SF Route 10 shopping center in Morris County, NJ.
Property Reserve Inc. acquired the 450,330 SF Eastpoint at Exit 8A industrial facility in Monroe Township, NJ from Morgan Stanley. CBRE brokered the fully leased deal.
Cushman & Wakefield brokered the $4.5M sale of a fully approved mixed-use development site in Randolph, NJ to OES Properties.
Madison Realty Capital provided a $121M condo inventory loan to Taurasi Group for South End Lofts, a 110-unit development in Hoboken, N.J.
Cresa represented Russo Development in a 249,640 SF full-building data center lease at 600 Commerce Blvd. in Carlstadt, NJ, to a confidential tenant.
S3 Capital provided $49M in construction financing to RedHoek+ for a 51-unit mixed-income rental development in Allenhurst, N.J.
Meridian Capital Group arranged $63.5M in Freddie Mac financing for Wayne Village, a 275-unit garden-style apartment community in Wayne, NJ.