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JERSEY CITY, NJ—Sabre Real Estate Group LLC, based in Garden City, NY, is expanding its presence in the Garden State, opening an office at 30 Journal Square in Jersey City and naming industry veteran James Aug as principal to run and manage the six-broker office.
MONTVILLE TOWNSHIP, NJ — Chapin Leasing & Management has completed four lease transactions totaling 94,000 square feet at Montville Corporate Centre III. Located at 19 Chapin Road in the Pine Brook section of Montville Township, the property is owned by a joint venture partnership of AEW Capital Management and Chapin.
HACKENSACK, NJ—Real estate development firm Alfred Sanzari Enterprises has named Stephen C. Jennings of Westfield, NJ, vice-president of leasing and marketing. Jennings is a 20-year veteran of commercial real estate experience in the areas of leasing, asset management, finance, brokerage, investments and property management.
Across multifamily, commercial real estate, and construction loans, banks' net lending in the second quarter increased by more than $100 billion from a year earlier.
ATLANTA—A joint venture between Los Angeles-based Lowe Enterprises Investors and TriBridge Residential have acquired the 202-unit City View Apartments property here.
LOS ANGELES—Two new-construction developments in Sherman Oaks and West Hollywood secure debt and equity financing to fund the projects, which have a total cost of $70 million.