Originally built in the early 1970s, 440 Washington Street was in financial and physical distress when New York City-based BRP joined with St. James A.M.E. Development Corp, the City of Newark and the state to stabilize the property and facilitate much-needed upgrades and repairs.

There is huge demand to fund cannabis deals, but lenders are focused on protecting against the downside.

A local investor has acquired a 28-unit apartment complex in Hollywood for $383,000 per unit.

Protea-Primewest acquired the 43,918 square-foot building that is 100% leased to two tenants.