News

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.

According to a third quarter report on the office market in Broward County by commercial brokerage firm CBRE, the overall vacancy rate for the region fell 40 basis points from the second quarter and 210 basis points from a year earlier to 9.3% at the end of the third quarter of 2019.

Since the Housing Stability and Tenant Protection Act of 2019 (HSTPA) in June, multifamily transactions have lagged.

Newly constructed multifamily and hotel assets in Brooklyn has drawn a flock of investors desiring long term upside for the free-market units,