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Cushman & Wakefield

$20M Loan Secured For Boutique Luxury Hackensack Apartments Refinancing $20M Loan Secured For Boutique Luxury Hackensack Apartments Refinancing
$20M Loan Secured For Boutique Luxury Hackensack Apartments Refinancing A luxury apartment building in Hackensack’s revitalized downtown has secured $20.1 million in financing, real estate services firm Cushman & Wakefield announced. The firm served as exclusive advisor to Cannon Hill Capital Partners and The Hampshire Companies in arranging the loan for Crossroads 389, an 82-unit multifamily property at 389 Main Street. The five-year, floating-rate loan was provided by Forbright Bank. “Crossroads 389 is well-positioned for success in the thriving Hackensack multifamily market, which has become a vibrant live-work-play destination in Northern New Jersey,” s…
$113M Luxury Long Branch Complex Sells Near Netflix's $1B Campus $113M Luxury Long Branch Complex Sells Near Netflix's $1B Campus
$113M Luxury Long Branch Complex Sells Near Netflix's $1B Campus A luxury beachfront apartment complex at the Jersey Shore has sold for a staggering $113 million, real estate officials announced just after Netflix's groundbreaking ceremony at its nearby $1 billion campus. The 170-unit Ocean Gate community at 30 Ocean Boulevard in Long Branch — just steps from the beach — was acquired by Lincoln Equities in partnership with RWN Real Estate Partners and Avenue Realty Capital, according to Cushman & Wakefield. “Ocean Gate is a highly amenitized property located in one of the fastest-growing areas of Monmouth County, which is what attracted Lincoln Equit…
Restaurant-Caterer Pag's Moving From Paramus To Nutley Restaurant-Caterer Pag's Moving From Paramus To Nutley
Restaurant-Caterer Pag's Moving From Paramus To Nutley Pag's, a restaurant and catering venue now based at the Paramus Golf Course, has just signed a lease agreement for a space in Nutley, real estate services firm Cushman & Wakefield announced Monday.  The dining venue will relocate in what Cushman & Wakefield described as an expansion move to 227 Franklin Ave., site of the former Kyoto Buffet.  "Under the direction of Chef David Paglia, Pag’s serves both quality interpretations of classic American dining dishes and “daring new ventures into the uncharted territories of food,” according to the restaurant’s website. Pag's ope…
$60M Loan Funds 13-Acre Multifamily Development In Bogota $60M Loan Funds 13-Acre Multifamily Development In Bogota
$60M Loan Funds 13-Acre Multifamily Development In Bogota A $60 million construction loan was recently advised for a construction project bringing luxury apartments and retailers to Bogota. The loan was advised by Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team will fund Phase I of the River Club complex, which broke ground last fall on West Fort Lee Road. The development will include 8,000-square-foot clubhouse featuring fitness and media rooms 5,000-square-foot outdoor amenity area with an infinity-edge heated pool, theater, natural grass grills Riverfront walkway with dog park On-site NJ Transit bus …
Trio Indicted For World Trade Center 'Pay-To-Play' Bribery Scheme, State Attorney General Says Trio Indicted For World Trade Center 'Pay-To-Play' Bribery Scheme, State Attorney General Says
Trio Indicted For World Trade Center 'Pay-To-Play' Bribery Scheme, State Attorney General Says New York Attorney General Letitia James charged three men involved in rebuilding the World Trade Center alleging they engaged in a “pay-to-play" bribery scheme. “These individuals were trusted with rebuilding the site of the worst terror attack in American history, but instead, allegedly squandered public funds to line their own pockets,” said James in the May 29 announcement. The individuals charged are James Luckie, 58, of Setauket in Suffolk County; and Michael Garrison, 59, of Stony Point in Rockland County; and Paul Angerame, 59, of Manhattan. They were charged in a scheme that i…
Bergen County Krispy Kreme Has Opening Date Bergen County Krispy Kreme Has Opening Date
Bergen County Krispy Kreme Has Opening Date Bergen County will soon be home to New Jersey's third Krispy Kreme store. The 3,200-square-foot East Rutherford shop is expected to open in October at 51 Route 17 S., Cushman & Wakefield announced Wednesday. The beloved doughnut shop will be moving into the stand-alone facility, formerly home to a Capital Bank. Krispy Kreme's two other New Jersey stores are located in Collingswood and Jersey City. 
Avison Young Sale Nets New Location For Jewish Family Service In Stamford Avison Young Sale Nets New Location For Jewish Family Service In Stamford
Avison Young Sale Nets New Location For Jewish Family Service In Stamford Sean Cahill, Principal and Managing Director of Avison Young's Fairfield/Westchester office, announced agents Christopher Grundy and James Searl completed a sale to find a new home in Stamford for the Elayne and James Schoke Jewish Family Service of Fairfield County. The non-profit organization will relocate to 196 Greyrock Place in Stamford, a 7,500-square-foot office condominium. The purchase price of the condominium was $925,000. Cushman & Wakefield, represented by Trip Hoffman and Brian Scruton, served as the agency broker. The Jewish Family Service of Fairfield County will be relo…
New Tenant Secured For Wilton Wellness Center New Tenant Secured For Wilton Wellness Center
New Tenant Secured For Wilton Wellness Center Sean Cahill, Principal and Managing Director of Avison Young's Fairfield/Westchester office, announced an addition of another medical specialty tenant at the Wilton Wellness Center, a 50,000-square-foot medical office building located at 249 Danbury Road in Wilton. The building was completed in the summer of 2018. Sean McDonnell, Principal, and Lori Baker, Vice President, of Avison Young represented Cambridge Hanover, the developer of the project, where they negotiated a 10-year agreement with Connecticut IV Infusion Center that is expected to open in February. Brian Scruton of Cushman &…
Paramus Shopping Center Home To H-Mart, DSW Sold To Investment Group Paramus Shopping Center Home To H-Mart, DSW Sold To Investment Group
Paramus Shopping Center Home To H-Mart, DSW Sold To Investment Group A Paramus shopping center home to H Mart, DSW and PetSmart has been purchased by a real estate investment group. "Paramus Junction" -- directly across from the Garden State Plaza on Route 17 -- last month sold to Deka Immobilien GmBH from Invesco Real Estate and Advance Realty, NorthJersey.com reports. The sale was arranged by arranged by Cushman & Wakefield, who did not disclose the price. The 75,000-square-foot property was last sold in 2015 for $24.7 million. The property's assessed value increased from $22.59 million to $23.13 million after minor renovations, Paramu…
Trumbull Typifies Fairfield County Office Market High Vacancy Rate Trumbull Typifies Fairfield County Office Market High Vacancy Rate
Trumbull Typifies Fairfield County Office Market High Vacancy Rate Across Fairfield County, the office market continues to suffer from high vacancy rates, according to this report in the New Haven Register.   Trumbull is suffering the most of any community in the county, according to a 2017 office space market analysis by Cushman & Wakefield, with a 44 percent vacancy rate -- the highest in the region. Like other communities in southwestern Connecticut, Trumbull’s office vacancy rate was skewed by one empty building: the 253,000-square-foot former United Healthcare building, the report found. The company moved hundreds of its insurance workers to small…