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The Fed has now cut rates three times this year, starting in July and at every policymaking meeting afterward.

Combined, the two properties at 125 West End Ave and 320 West 66th Street total an estimated 500,000 square feet of commercial space.

The transactions were completed on behalf of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV.

Glovis America will process more than 200,000 Hyundai, Kia and other original equipment manufacturer vehicles this year at the processing center.

The developers recently launched vertical construction on the 26-acre redevelopment project and also marked the completion of 200,000 square feet of leasing at the project.

"New Jersey is extremely vulnerable to the impacts of sea-level rise and global warming, and today's Executive Order outlines a bold and comprehensive set of actions to ensure that our communities and infrastructure are more resilient against future storms," Gov. Murphy said.

Miramar Park Place retail complex will be built on a 7-acre lot next to the apartment communities.

JLL, which arranged the financing deals for the borrower, reports that Novel Property Ventures secured a $96.36-million senior loan through an international bank and a $21.5-million mezzanine loan through J.P. Morgan Asset Management.