Tag:
Financing
Hartford, CT
Business
Apple Launching New Payment Service Amid Price Hikes: Reports
You could soon lease an Apple device through a new subscription-style program as the tech giant looks to offer more payment options amid rising prices, according to a report. The company plans to launch a device leasing service called Apple Upgrade on Tuesday, July 28, Bloomberg reported. The program will initially be available in the US through Apple stores and online. Apple is partnering with buy-now-pay-later service Klarna to finance the leases, sources told Bloomberg. The company plans to promote Apple Upgrade as a way to get lower monthly payments than its current financing …
Belleville, NJ
Real Estate
$80M Deal Secured For Belleville Luxury Apartment Complex
A major real estate deal was finalized in Essex County as JLL Capital Markets announced it secured an $80 million sale and $56 million acquisition financing for a luxury apartment community, the firm announced. The transaction involves the 232-unit SilverLake Apartments at 155 and 165 Belmont Ave. in Belleville, Essex County, according to JLL. SilverLake Apartments sits just steps from the SilverLake Light Rail Station, giving residents a 15-minute ride to Newark Penn Station and a 40-minute commute to New York Penn Station, JLL said. The property also offers quick access to Route 21, Inter…
Hackensack, NJ
Real Estate
$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…
Hartford, CT
Business
Canned Food Giant Declares Bankruptcy As Trump's Aluminum, Steel Tariffs Hurt Industry
Del Monte Foods is filing for bankruptcy as the canned food giant looks to stay in business amid rising packaging costs and supply disruptions tied to President Donald Trump's steel tariffs. Del Monte announced it filed for Chapter 11 in New Jersey federal court in a news release on Tuesday, July 1. The company plans to sell as it restructures nearly $1 billion in debt during the bankruptcy proceedings. The move comes as the canned goods industry has warned about rising costs due to Trump's 50% tariffs on aluminum and steel imports. "This is a strategic step forward for Del Monte…
Ridgewood, NJ
Readers Choice
Best Accounting Firm In Bergen County In 2024: Traphagen CPAs & Wealth Advisors
We are thrilled to announce that Traphagen CPAs & Wealth Advisors has been named Best Accounting Firm in Bergen County in the 2024 Daily Voice Readers' Choice Awards! For over 50 years, Oradell's Traphagen has been a dynamic leader in financial services, offering comprehensive solutions in accounting, tax, and wealth management, according to its website. Its team of highly experienced professionals specializes in areas such as taxation, financial reporting, consulting services—including financing and mergers & acquisitions—and comprehensive estate, tax, and financial pla…
White Plains, NY
Real Estate
Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report
Although demand for Westchester retail space and multifamily apartment complexes improved during the third quarter of 2024, the market for other commercial properties in the county did not fare as well, according to an all-new report. The data regarding the county's commercial real estate market came from Houlihan Lawrence's Q3 Commercial Market Report, released on Tuesday, Oct. 29. According to the real estate brokerage, demand for retail space in Westchester "continues to evolve rapidly," as consumers have healthy purchasing power and are on the lookout for "con…
Massapequa, NY
Business
Big Lots Files For Bankruptcy As List Of Store Closures Expands To 10 In NY
Discount retail chain Big Lots has filed for bankruptcy as its list of planned store closures expands. It currently has around 1,425 stores nationwide. The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management. In announcing initial store closures late in late July, Big Lots said a bankruptcy filing could be coming. Stores in the Northeast now slated for closure are as follows: New York Delaware Avenue, Buffalo South Ogden Street, Buffalo Route 5 & 20, Canandaigua Voice Road, Carle Place Centereach …
