New Jersey

With the passing of one partner, Rubenstein determined that since cap rates for sales are attractive, and warehouse and logistical center property is in demand, it was a good time to sell, says Mandelbaum Salsburg attorney Owen Hughes.

The transaction with Lone Star Funds increases Kushner's multifamily portfolio to approximately 22,000.

“Resilience is central to the design and construction of South Beach at Long Branch,” says construction manager David Ulassin, president of Cornerstone Construction Services in Somerville, NJ,

Recent renovations at the property include upgraded interior finishes and the addition of a “Tenant Center”, which features a new cafeteria, conference rooms, tenant lounge and fitness center.

With the closing of this latest loan, Amboy Bank's Gregory Scharpf says, the bank has supplied financing of approximately $85 million to Blackstone 360.

Waypoint says the six projects involve more than $325 million in new investment.

The expanded incentive program will include Bridgeton, Jersey City, Millville, Mt. Holly, Phillipsburg, Plainfield, Salem, and Vineland.

The portfolio that changed hands included seven properties in Alabama; five properties in Pensacola, FL; three properties across Tennessee and one 200-unit property in Pascagoula, MS; one 203-unit property in Winston-Salem, NC and one 223-unit property in Houston.