JERSEY CITY/TEANECK, NJ — Two New Jersey-based multi-family focused entities have announced the formation of PEEK Development (PEEK), a new investment, development and management joint venture focusing on traditional development as well as recently approved Opportunity Zone (OZ) projects throughout the state’s urban submarkets. Equis Realty Partners LLC, based in Jersey City, and The Fountain Group LLC of Teaneck are partnering to employ an opportunity fund strategy for PEEK,
JERSEY CITY, NJ — Executives from The Hampshire Companies and Claremont Companies were joined by New Jersey City University president Sue Henderson and Jersey City Mayor Steven Fulop to celebrate the ribbon cutting for RIVET, Jersey City’s newest luxury apartment development, at 23 University Blvd. in the city’s west end neighborhood.
Featuring 163 modern residential units and 10,000 s/f of service-oriented ground level retail, RIVET is a key component in the first phase of
As suburban revitalization comes to the forefront, young families and young professionals are continuing to populate suburbs throughout the nation. With this comes a need for innovative commercial real estate developments that can serve as activity hubs for its community members. In turn, suburban and “commuter towns” are now becoming alternative destinations to the hustle and bustle of city life. A perfect example of this scenario is Jersey City, New Jersey. Over the years,
JERSEY CITY, NJ — Robert Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester New York/Connecticut-based regional office and Greg Nalbandian, senior vice president/managing director of NorthMarq Capital’s North New Jersey regional office, arranged the $14,362,838 refinance of Morgan Loft Apartments, a 36-unit multifamily property located at Steuben St. and Morgan St. in Jersey City. The transaction was structured with a 10-year term on a
JERSEY CITY, NJ — Kathy Anderson of Progress Capital Advisors has arranged a $68.5 million construction loan for a valued client to begin Phase II of Gull’s Cove, a nine-story, 107 unit condominium tower. This is the final stage of the Gull’s Cove Condominium Complex located in Jersey City’s Liberty Harbor North redevelopment area across from Liberty State Park. The location provides convenient access into New York City while offering stunning views of its skyline. In 2004, P
ENGLEWOOD CLIFFS, NJ — Recent construction loans in Jersey City, Hackensack and Philadelphia by Procida Funding’s 100 Mile Fund have elevated its lending originations to more than $300 million since 2011.
The 100 Mile Fund has provided 74 loans of which 34 have been repaid totaling more than $152 million, earning more than 14% for its investors.
“We do not chase trends – we focus on developers of low-risk projects in sub-markets like Nyack, NY or Paterson, NJ. Many lenders