News

Simon Property Group, Authentic Brands Group and Brookfield Property Partners have acquired the bankrupt retailer.

Commercial brokerage firm ACO Commercial, which brokered the sale on behalf of a private investor group, reports that the 2.8-acre parcel that traded takes up almost an entire city block (bounded by Lake, Hoyne, Damen and Walnut) and is fully leased to Standard Equipment Co.

The project is part of the larger redevelopment of Hoboken's once-industrial western edge into a vibrant and active pedestrian-friendly neighborhood.

The Murphy Administration reported that it will spend $60 million on affordable housing initiatives across the state in its Fiscal Year 2020 budget. The funding had been diverted in previous years.

Madison International Realty, a New York-headquartered real estate private equity firm, has entered a partnership agreement with Principles of Responsible Investment, a United Nations-supported organization focused on environmental, social and governance considerations in financial investments.

Broad Street Development, a New York-based multifamily developer, investor and operator, in a joint venture with Crow Holdings Capital, a private real estate fund, has landed a $68.5 million loan from MetLife Investment Management to refinance a 96-unit, residential mixed-use at 298 Mulberry St.