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$62M Financing Secured For Bergen County Apartment Portfolio, JLL Says
A large residential portfolio spanning North Jersey has secured $62 million in financing.
The funding was arranged for Tower Management Service and will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender, the firm said.
The portfolio includes five garden-style apartment complexes with 541 units. Those include Omni Apartments in Bergenfield, Arcadia Court Apartments in Hackensack, Park Engle Apartments in Englewood, and is anchored by Spring Gardens Apartments in Summit.
The Summit property, built in 1968, consistently maintains a 97%+ occupancy rate, a…
$27M Financing Secured For Massive Warehouse Along Route 287
A 147,620-square-foot warehouse in Central Jersey has secured $27.1 million in bridge financing.
The deal was announced Tuesday, Nov. 18, by according to JLL Capital Markets. JLL said it arranged the financing for Bridge Point Piscataway, a Class A warehouse at 10 Constitution Ave., in Piscataway.
JLL worked on behalf of the borrower, Bridge Industrial, and secured the loan through PPM America, Inc., the firm said.
The facility includes 36-foot clear ceiling heights, 41 dock-high doors, two drive-in doors, 118 car parking spaces, 57 trailer stalls, and 3,000 square feet of office spac…
$6M Mega-Estate With Its Own Golf Course Is Most Expensive Home Ever Sold In This NJ Town
A 23-acre luxury compound known as “Mattaccino” has officially become the most expensive home ever sold in one New Jersey town, closing this week for $6 million.
Located at 1980 Campbell Road in Wall Township, the 30,000-square-foot estate was represented by Sal Ventre of REAL Brokerage and sold after drawing national attention for its massive footprint and resort-style amenities.
"We coined it as a 'residential resort,' because that's truly what it is," Ventre said. "From a nightclub to arcades, four to five different bars, a massage spa, saunas, a theater, racquetball court, four-hole gol…
423-Unit Luxury Apartment Building Sold In Major North Jersey Real Estate Deal
A real estate company has acquired a brand-new 423-unit luxury apartment building in North Jersey in a major deal.
Sentinel Real Estate announced that it acquired Stonehill at West Orange, which is comprised of three, mid-rise buildings with one-, two- and three-bedroom units, the company said. The project was completed in 2024.
The 423 apartments offer nine- to ten-foot ceilings, luxury plank flooring, stainless steel appliances, quartz countertops, Shaker cabinetry, solar window shades, large bathrooms with dual vanities, modular closets and in-unit washer and dryers, officials said.…
$15.4M Loan Secured For NJ Luxury Apartment Complex Barely 1 Year Old
A newly built luxury apartment community in North Jersey has secured $15.4 million in refinancing, JLL Capital Markets announced.
The property, known as The Clair, is a 40-unit Class A residential building located at 37 Orange Road in Montclair, within walking distance of the Bay Street and Walnut Street NJ Transit stations.
JLL represented the borrower, Hampshire Real Estate Companies, in arranging a five-year, fixed-rate loan through National Life Group, officials said.
Built in 2024, The Clair features studio, one-, two-, and three-bedroom apartments, including four affordable units. Ea…
