Real Estate

Denholtz Associates obtains lease at University Corporate Center in Winter Park, Fla.

  Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, announced it obtained a new lease for 10,159 square feet of office space with InBloom Autism Services at the University Corporate Center in Winter Park, Fla. InBloom Autism Services is a national organization that provides applied behavioral analysis therapies for ...

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Ocean Resort Casino buyer revealed as Luxor Capital Group

Ocean Resort Casino in Atlantic City on Monday provided an overview of the development of the property and casino in 2018, and introduced its plans for 2019, including recently securing a commitment of strategic capital. New York hedge fund Luxor Capital Group was identified by Ocean Resort Casino in a press release, as the new ...

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Cushman & Wakefield brokers Jersey City multifamily property sale

A 131-unit luxury apartment community in the Paulus Hook neighborhood of Jersey City has traded from institutional investors advised by J.P. Morgan Asset Management to Equity Residential. Cushman & Wakefield’s New Jersey capital markets team orchestrated the sale of Madox, located at 198 Van Vorst St., following active bidding among a myriad of investor types. ...

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JLL secures $10M loan for Rockaway Commons in Morris County

JLL Capital Markets announced it arranged a $10 million loan to refinance Rockaway Commons, a multi-tenant shopping center located at 204-212 Route 46 in Rockaway. The group worked on behalf of Anthony Mehran to place the loan with Rialto Capital Management LLC. Max Herzog, managing director; Marko Kazanjian, vice president; and Matt Fagella, analyst, led ...

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Paramount Assets acquires property in Newark

Paramount Assets announced it has added another landmark property to its Newark commercial portfolio. The full-service real estate investment firm recently acquired 17 Academy St.: a 100,000-square-foot, 12-story office building with ground floor retail in the City’s Four Corners Historic District. Terms of the deal were not disclosed. Built in 1926, 17 Academy St. was ...

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Colliers releases US flex-workspace outlook report

Colliers International’s U.S. Flexible Workspace Outlook Report, released on Jan. 25, highlights the current state and future trends of the flexible workspace market, how it is impacting both occupiers and investors, and where opportunity exists for clients. The report was authored by Andrew Nelson, chief economist, USA, and Ron Zappile, vice president of Colliers’ Corporate ...

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Katz & Associates announces key employee promotions

Katz & Associates, a retail real estate firm whose primary focus is representing retailers, restaurants and landlords in all capacities including site selection, lease and sale negotiations, strategic planning, market analysis and dispositions, announced six recent promotions. Marty Hennessy, a 20-year veteran at Katz & Associates, has been promoted to president. In his new position, ...

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Stro acquires two-property portfolio in Clifton

The Stro Cos. announced it is continuing its acquisition spree and has acquired 499-515 River Road in Clifton. The transaction consists of two buildings: a 30,000-square- foot light-industrial warehouse and a 25,000-square-foot industrial truck terminal. According to a company press release, the buildings are fully leased to tenants ranging from 5,000 to 25,000 square feet, ...

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Marcus & Millichap completes $2.6M office building sale in Clifton

Marcus & Millichap announced the sale of a 21,240-square-foot office property in Clifton for $2,625,000, according to Brian Hosey, regional manager of the firm’s New Jersey office. Fahri Ozturk and Richard Gatto, investment sales specialists in Marcus & Millichap’s New Jersey office, exclusively represented the seller and buyer, both private investors. “This is our sixth ...

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$258M in financing announced for Journal Squared

Real estate firm KRE Group and National Real Estate Advisors LLC announced they closed on $258 million in financing for the construction of Tower Two at Journal Squared, the mixed-use development complex credited with helping to reenergize Jersey City’s historic Journal Square neighborhood. Wells Fargo Bank N.A. and Capital One N.A. provided the construction loan. ...

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Altree Developments announces new project for Jersey City

Altree Developments, led by third-generation developer Zev Mandelbaum, announced three new development projects across North America, including one in Jersey City. Altree’s Jersey City West Side Arts development, situated in Journal Square and the emerging Mana Contemporary Art District, will consist of five buildings that include approximately 500 residential rental units ranging between 450 square ...

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