Distressed Asset Investments

News

Colliers Uses Ten-X Online Platform In Piscataway Office Sale

Steve Lubetkin | August 09, 2018

Colliers used Ten-X and its own proprietary investor database to market the property, resulting in 10 qualified, active bidders and the execution of 135 confidentiality agreements.

Commentary

Achieving Strong Returns in an Uncertain Investing Environment

Elliot M. Shirwo | August 08, 2018

A look at minimizing risk through mortgage investments, an often-overlooked alternative investment option.

News

123 Toys ‘R’ Us, Babies ‘R’ Us Stores Go on Block

John Jordan | August 01, 2018

The two-day auction will begin at 10 a.m. on Aug. 13th at the Manhattan offices of debtors' counsel at 601 Lexington Ave.

Iconic Downtown Office Tower Changes Hands

John Jordan | July 26, 2018

A Transwestern official tells Globest.com that the bidding for the property was intense with more than 300 confidentiality agreements from both domestic and international investors.

News

Spirit Bascom Pays $18M for Hoboken's Columbus Park Apartments

Steve Lubetkin | July 26, 2018

“The strength of the Hoboken rental market continues to attract aggressive capital,” HFF's Steve Simonelli says, because of the potential for upside in rent rates.

Office Tenants Want ‘Healthy-Lifestyle’ Spaces

Kelsi Maree Borland | July 18, 2018

While creative office has been the buzzword in office, but what office tenants are really after is healthy-lifestyle spaces.

Paramount Assets Adds 560 Broad St. To Its Newark Portfolio

Steve Lubetkin | July 18, 2018

560 Broad Street lies in the heart of Newark’s Central Business District within walking distance of NJ Transit’s Broad Street Station

Mission Capital Markets 90K SF Atlanta Retail

Steve Lubetkin | July 11, 2018

The property has modest near-term rollover, and several of the tenants with expiring leases are currently negotiating renewals.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | July 06, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Wells Fargo CRE Banker Joins Monarch Private Capital

Steve Lubetkin | July 06, 2018

“I’ve seen firsthand the stimulus of tax credits on the affordable housing industry and how they help to create quality homes," says Monarch Private Capital's Sean Cammann.

JLL Gets One Gateway Center Leasing Assignment in Newark

Steve Lubetkin | June 12, 2018

A multimillion-dollar capital improvement program getting underway includes significant street level renovations and improvements to the building’s interior concourse walkway.

Vision JV Acquires 66-acre Morris Plains Corporate Campus

Steve Lubetkin | June 08, 2018

“Our joint venture viewed this as an opportunity to acquire a vacant high-quality asset in 185 Tabor Road at an attractive basis well below replacement cost,” says Ryan Dodge, vice president with PCCP.

Florio and Seven ‘Smart Growth’ Development Projects Honored By New Jersey Future

Steve Lubetkin | June 07, 2018

“We have the capability of having a very prosperous economy, if we use resources smartly,” former New Jersey Gov. Jim Florio says.

Lincoln Equities Closes Acquisition of Bayonne Waterfront Site

Steve Lubetkin | June 06, 2018

“This is a once-in-a-lifetime opportunity to purchase portside land with unparalleled maritime access in one of the world’s most land constrained port markets,” says Cushman & Wakefield's David Bernhaut.

Watt Companies Has a Plan to Combat Homelessness

Kelsi Maree Borland | June 01, 2018

The major real estate owner has launched the Homelessness Challenge offering a financial reward for scalable solutions to combat homelessness in Los Angeles.

Suburban Workforce Housing Providing Good Cap Rates

Brian J. Rogal | May 30, 2018

A high demand for rental units is seen throughout much of the metro area, not just high-income towns.

Next Redesign Phase Starting at Shops at Riverside, Simon Says

Steve Lubetkin | May 22, 2018

The redevelopment dovetails with reconfiguration efforts taking place in Hackensack's downtown CBD that will make the district more accessible for live-work-play options being developed there.

RD Management, JMF Bring Costco to Bayonne

Steve Lubetkin | May 11, 2018

“The entire center will be a valued asset to the city, serving all of our residents and attracting shoppers from Staten Island and Jersey City all the way to Bayonne,” says Bayonne Mayor James M. Davis.

News

SJP, Aetna Plan Transit-Oriented Project in Downtown Newark

Steve Lubetkin | May 07, 2018

“Creating ‘transit villages’ around both of our train stations is a high priority for my administration,” says Newark Mayor Ras J. Baraka.

Newark Mayor's Affordable Housing Goals Bear Fruit in South Ward

Steve Lubetkin | May 04, 2018

Radiant will spend $15 million to renovate the 209 units of affordable housing in five phases, over eighteen months.

Video

New Funding Platform, iintoo, Sees Opportunities in NJ, Philadelphia, Other Cities

Steve Lubetkin | May 01, 2018

Watch our exclusive TV interview with Jeff Holzmann, managing director of funding platform iintoo.com.

Off-Market Trade Moves 219K SF Rochelle Park Office to Tak and Bergman

Steve Lubetkin | April 20, 2018

“This is a well-located, quality office property with significant upside potential via lease-up of its available space,” says Jacklene Chesler of the Colliers investment team. “The price provides the new buyer with an attractive opportunity to leverage its value-add position.”

Exchange Building Acquired by Newport Group

Steve Lubetkin | April 20, 2018

The property’s high intensity zoning allows for a variety of mixed uses and the existing structure offers a developer the chances to readapt office building to multifamily, hotel, retail, or a mix thereof.

Lessons From Bon-Ton’s Plan To Avoid Liquidation

Erika Morphy | April 18, 2018

BDO’s David Berliner points to Seritage Growth Properties as a model that Bon-Ton’s prospective owners could have followed.

Greystone, Hallmark Partner on $169M GA Affordable MF Rehab

Steve Lubetkin | April 13, 2018

The rehabilitation plan includes a fast-paced construction phase, estimated to be complete within 24 months, during which no residents are expected to be permanently displaced.

Video

West Orange Law Firm Sees Opportunities for Investors in Opportunity Zones

Steve Lubetkin | April 12, 2018

Watch our exclusive video interview with attorneys Frank Giantomasi and Sean Aylward. The program provides the biggest advantage for investors with highly appreciated assets, Sean Aylward says.

Middle Market Digest – The Northeast

Steve Lubetkin | March 23, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Video

LEM Capital Sees Class B Investment Opportunties in Southeast, Southwest

Steve Lubetkin | March 21, 2018

The overhang of $1.4 trillion of student debt will keep millennials in apartments longer, says Jay Eisner of LEM Capital, which has a particular focus on value-add class B multifamily housing. Watch our exclusive video interview with Eisner.

Event Coverage

Success of Affordable Housing is in the Approach

Steve Lubetkin | March 15, 2018

Those in the know reveal that the best way to get a these projects approved is to change the conversation around creative affordable housing development.

Injecting Urban Excitement Into Suburbs

Steve Lubetkin | March 14, 2018

Suburban communities trying to transform their retail centers must approach the issue differently than their urban counterparts, according to speakers at the New Jersey Future Redevelopment Conference

Video

Amazon HQ2 Process Will Benefit Greater Trenton, Says Development Group's CEO

Steve Lubetkin | March 13, 2018

In an exclusive video interview with GlobeSt.com, Greater Trenton CEO George Sowa discusses how the city's bid for Amazon's HQ2 positions it for better conversations with other prospective companies.

Long Branch Mixed-Use ‘Transit Village’ Gets Financing

Steve Lubetkin | March 12, 2018

Construction of the multifamily building is slated to be completed by the end of 2019.

Middle Market Digest: The Northeast

Steve Lubetkin | February 27, 2018

A roundup of recent deals, leases, executive moves, and other news from the past week.

Troubled Malls Finding New Owners and New Life

Brian J. Rogal | February 22, 2018

Tearing down these properties often makes less sense than finding new uses appropriate for an era when consumers shop so much online.

Rutgers Student Housing Sale Moves Forward with $52M CBRE Financing

Steve Lubetkin | February 15, 2018

“The acquisition financing required a creative solution given a short-term occupancy issue,” says Steve Heffner, vice chairman, CBRE Capital Markets.

‘Market-Wide Distress Causes Finger-Pointing’

Paul Bubny | February 07, 2018

And on development projects that have failed to meet their pro formas, that’s exactly what we’re seeing, says veteran real estate attorney Y. David Scharf.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | February 02, 2018

In today's Middle Market Digest, Jones Lang LaSalle evaluates the upcoming football championship using commercial real estate metrics.

With 6-bp Drop, CMBS Late-Pays Fall Again

Paul Bubny | January 31, 2018

Delinquencies for CMBS overall have declined each month since last June, says Trepp, although individual property types have seen ups and downs.

Middle-Market Digest

Middle Market Digest: The Northeast

Steve Lubetkin | January 30, 2018

A roundup of recent deals, leases, executive moves, and other news from the past week.

Greater Trenton Study Highlights Strong Housing Demand

Steve Lubetkin | January 25, 2018

“To maximize Trenton’s residential market, it will be important to focus on developing higher-density housing types while also redeveloping existing buildings in downtown Trenton,” says Greater Trenton's George Sowa.

Middle-Market Digest

Middle Market Digest: The Northeast

Steve Lubetkin | January 23, 2018

A roundup of recent deals, leases, executive moves, and other news from the past week.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | January 19, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Procida's 100 Mile Fund Ends 2017 With A Flurry Of Activity

Steve Lubetkin | January 16, 2018

  ENGLEWOOD CLIFFS, NJ—Procida Funding was busy with a flurry of financings during the last week of 2017, including a $68.5 million construction…

CMBS in 2018: Lower Delinquency, Lower Volume?

Paul Bubny | January 16, 2018

Negligible maturing loan volume is likely to improve the late-pay picture further this year, although it may also contribute to a decline in new issuance.

Middle Market Digest – The Northeast

Steve Lubetkin | January 12, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Late-Pays on CMBS Reach 15-Month Low

Paul Bubny | January 04, 2018

“Fewer loans are defaulting, and those that defaulted in recent years are being resolved away,” often with losses, says Manus Clancy at Trepp.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | December 22, 2017

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Middle-Market Digest

Middle Market Digest: The Northeast

Steve Lubetkin | December 19, 2017

A roundup of recent deals, leases, executive moves, and other news from the past week.

Special Servicers Ride CMBS Maturity Wave

Paul Bubny | December 12, 2017

Special servicers' volumes are now at their lowest levels since 2008, according to S&P Global Ratings.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | December 08, 2017

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.