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The platform is illustrative of a larger trend among private equity shops to invest in assets or concepts that promote the social or environmental good.
State Assemblywoman Eliana Pintor Marin, who chairs the budget committee, said, “There are good opportunities in the new programs, but to allow Grow NJ and ERG to expire would be a mistake.”
Macy's Herald Square is considering adding offices to its store but two Greenspoon Marder real estate attorneys point out some of the challenges the building owner could face.
The lease expansion marks the second time that Kaufman Dolowich Voluck has expanded its footprint at the three-building, 335,000-square-foot Court Plaza office complex over the past 10 years.
The refinancing deal was announced by PGIM Real Estate Finance, which provided a $164-million Fannie Mae loan to Lowell-based Princeton Properties Management.
The measure, if enacted, would allow adults aged 21 and over to legally purchase cannabis for recreational use from licensed dispensaries and create what the governor called as the “most equity-centric law in the country.”
Three new deals include Alphadyne Asset Management signing onto approximately 44,000 square feet in the Lower Manhattan office tower that's across from Battery Park.