Provident Bank provided the Red-Bank-based development firm with the financing that features a 30-month, floating-rate construction loan followed by a 10-year forward permanent loan.

State officials say that these programs taken together will provide more than $75 million of state and private financial support, with the opportunity to grow to more than $100 million if additional philanthropic, state, and federal resources become available. T

The Park Avenue at Morris County property is a six-building, 1.16-million-square-foot trophy-quality office park at 100 - 600 Campus Drive in Florham Park, NJ at the Columbia Turnpike exit off Route 24.

BMC Hospital LLC is comprised of Wayne Hatami, Anthony Degradi, and Feliks Kogan who are part owners of multiple ambulatory surgery centers in New York and New Jersey.

Multiple published reports state the sale price for the property was $614 million, making the deal the largest sale price recorded for an office asset year-to-date in Boston's Central Business District.

The Philadelphia-based real estate investment advisory firm, also notes that it has begun capital improvements involving both interior and exterior upgrades at the nearly 467,000-square-foot property.

CEO Mark Hoplamazian and Chairman of the Board Tom Pritzker are forgoing 100% of their salaries, and Hyatt's senior leadership team is taking a salary cut of 50% through the end of May.

The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.