Northeast

Property owners are embracing the use of healthcare data to make better decisions.

Borrowers looking to secure debt and those that already have debt should expect to see lenders adopting SOFR language this year.

Somera Road acquired the defaulted loans on the property in October 2018, took title of the property in June 2019 and closed on majority and controlling ownership this month, replacing its prior capital partners.

Retrading is a technique used right before a closing to muscle the seller into significantly shaving the contracted sale price.

Project REAP is a 10-week educational program that introduces people of color who are already working in professional career positions to different facets of commercial real estate.

Infinity Real Estate landed a $20.5 million floating-rate loan for the acquisition of the Shops at Richmond Avenue.

The recent transactions in New Jersey include space at the Morris Hills Shopping Center, 3035 US 46 in Parsippany (5,100 square feet) and Woodbridge Crossing, 465 Greene St. in Woodbridge (5,642 square feet).

The Elizabeth General Hospital was shuttered more than two decades ago. The mixed-use project at 901 E. Jersey St. will be developed on a 5.41-acre site.