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Lakeside Residences in Pompton Lakes, New Jersey
Investment SalesNew JerseyNewsNortheast

Hudson Atlantic Realty Sells Lakeside Residences in Pompton Lakes, New Jersey, for $20 Million

by Channing Hamilton

POMPTON LAKES, N.J. — Hudson Atlantic Realty has sold Lakeside Residences, a 52-unit building in Pompton Lakes, approximately 20 miles northwest of Midtown Manhattan. The property was built in 2022 and sold for $20 million. Lakeside Residences offers amenities such as a fitness center, resident lounge, game room and storage space. According to the community’s website, units come in one- and two-bedroom floor plans. Units feature stainless steel appliances, quartz countertops, subway tile backsplashes and vinyl flooring.

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West Side Square in Jersey City, New Jersey
DevelopmentNew JerseyNewsNortheast

West Side Square Development Fund Breaks Ground on 447-Unit Mixed-Use Development in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — West Side Square Development Fund has begun constructing West Side Square, a mixed-use development located at 66 Broadway in Jersey City. West Side Square will offer 477 apartments, as well as 9,814 square feet of ground-floor retail space. Units will come in studio, one, two and three-bedroom floor plans. Planned amenities include a deck with a swimming pool, grilling stations, outdoor lounge areas, a dog run, fitness center, co-working spaces and a community room for private events. West Side Square Development Fund will oversee the construction …

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Woodmont Way at West Windsor in West Windsor, New Jersey
FinanceNew JerseyNewsNortheast

JLL Brokers Refinancing for 443-Unit Woodmont Way at West Windsor Near Trenton, New Jersey

by Channing Hamilton

WEST WINDSOR, N.J. — JLL Capital Markets has arranged permanent financing for Woodmont Way at West Windsor, a garden-style community in West Windsor, 12 miles northeast of Trenton, New Jersey. The borrower, Woodmont Properties, will use the funds to refinance the property. Thomas Didio, Thomas Didio Jr., Salvatore Buzzerio and Benjamin Morgenthal led the JLL Capital Markets Debt Advisory team, which represented Woodmont Properties in the transaction. Woodmont Way at West Windsor was built in 2022. The property comprises 443 units across 13 buildings. Units come in one-, two- and three-bedroom …

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Investment SalesNew JerseyNewsNortheast

The Kislak Co. Brokers $3 Million Sale of Riverbank Commons Apartments in Trenton, New Jersey

by Channing Hamilton

TRENTON, N.J. — The Kislak Co. Inc. has arranged the sale of Riverbank Commons in Trenton. Barry Waisbrod of Kislak represented the seller, River Bank Rentals LLC, in the transaction. The buyer was an entity doing business as NJ Mercer Investments Realty LLC. The building comprises 30 units across three stories. The unit mix includes three efficiency apartments, 12 one-bedroom units and 15 two-bedroom units.

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39 High Street in Jersey City, New Jersey
Investment SalesNew JerseyNewsNortheast

JLL Capital Markets Brokers $18.6 Million Refinancing for 39 High Street in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — JLL Capital Markets has arranged a $18.6 million loan to refinance 39 High Street, an 83-unit property in the Journal Square neighborhood of Jersey City. Recently built in 2023, 39 High Street rises six stories and offers studio, one-, two- and three-bedroom floor plans. Amenities include a fitness center, children’s playroom, lounge and a rooftop terrace. Matthew Pizzolato, Max Custer and John Cumming of JLL represented the borrower, a partnership between Spitzer Enterprises and Titanium Realty Group, to secure the fixed-rate loan through a correspondent life …

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Investment SalesNew JerseyNewsNortheast

CBRE Brokers $5.5 Million Sale of 30,000-Square-Foot Site in North Bergen, New Jersey

by Channing Hamilton

NORTH BERGEN, N.J. — CBRE has brokered the sale of a 30,000-square-foot development site in the New York City suburb of North Bergen. The site is located at 8709 River Road, across from the Edgewater Harbor lifestyle center. AIRN Management sold the community to a locally-based developer for $5.5 million. Fahri Ozturk, Richard Gatto, Zach McHale and Jeff Babikian of CBRE represented the seller and procured the buyer.

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55 Hudson in Jersey City, New Jersey
DevelopmentFinanceNew JerseyNewsNortheast

Tishman Speyer Secures $300 Million to Construct 58-Story 55 Hudson in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — Tishman Speyer has received a $300 million construction loan through Otera Capital for 55 Hudson, a 58-story tower in Jersey City. The property will be located along the Hudson River in the city’s Paulus Hook neighborhood. The building will offer 1,017 units, as well as 75,000 square feet of amenities and 60,000 square feet of retail and restaurant space. Units will come in one-, two- and three-bedroom floor plans. Tishman Speyer plans to break ground on the project in December. Construction is expected to complete in early …

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New JerseyNewsNortheastOperationsPeople News

Woodmont Properties Selects Lewis Zlotnick as Executive Vice President, Daniel Miller as Chief Operating Officer

by Channing Hamilton

FAIRFIELD, N.J. — Lewis Zlotnick of Woodmont Properties will transition into the position of Executive Vice President of the company’s Florida division. Zlotnick will oversee Woodmont’s strategic expansion throughout Florida, where Woodmont has invested in about 4 million square feet of industrial development. He will continue to serve on the company’s Executive Leadership Committee, the Investment Committee and the independent Board of Advisors. Additionally, Woodmont Properties has promoted Daniel Miller to the role of Chief Operating Officer, where he will assume the responsibilities of Zlotnick. Miller will oversee Woodmont’s strategy, …

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Walnut Hill in Clark, New Jersey
FinanceNew JerseyNewsNortheast

JLL Capital Markets Arranges $49.5 Million in Financing for Walnut Hill in Clark, New Jersey

by Channing Hamilton

CLARK, N.J. — JLL Capital Markets has arranged $49.5 million in financing for Walnut Hill, a 177-unit complex in Clark, 23 miles southwest of New York City. An affiliate of Garden Communities was the borrower. Evan Pariser, Matthew Pizzolato and Jackie Ferrer led the Debt Advisory team that represented the borrower and negotiated the 10-year, fixed-rate loan from Nationwide. Recently completed in 2023, Walnut Hill comprises 240,000 square feet across a pair of four-story buildings. Of the total unit count, 28 are affordable. Income restrictions for these units were not disclosed. …

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Investment SalesNew JerseyNewsNortheast

The Kislak Co. Negotiates $11.8 Million Sale of Brighton Estates in Belleville, New Jersey

by Channing Hamilton

BELLEVILLE, N.J. — The Kislak Co. Inc. has negotiated the $11.8 million sale of Brighton Estates, a 95-unit property in Belleville, five miles north of Newark, New Jersey. Tom Scatuorchio of The Kislak Co. represented the seller in the deal. Andrew Scheinerman of The Kislak Co. procured the buyer. Both parties requested anonymity. Brighton Estates was built in 1962 and recently renovated. The community comprises 95 units across three two-story buildings. The unit mix includes 13 studios, 66 one-bedroom units and 16 two-bedroom units.

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