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State officials note the total of approximately $12.5 million in PIDA financing in 2020 has resulted in more than $28.8 million in private investment and supported the creation and or retention of 933 full-time jobs in the state.
The NMTC loans included a $4-million allocation from Capital One Community Renewal Fund and a $10.5-million allocation from NJCC, which also provided Hugo Neu with a $2.5-million term loan.
A member of SIOR NJ since 2013 Vetter has played a vital role in expanding the chapter's profile by contributing to the broader community through its strong relationship with The Rutgers Center for Real Estate.
The Christman Company recently acquired MEDCO Construction, which had previously operated as an in-house construction partner for Baylor Scott & White, Texas' largest nonprofit healthcare system.
Luxury real estate developer SHVO on behalf of a joint venture including Deutsche Finance America and BLG Capital Ltd. has secured a $230 million loan from LoanCore Capital in the acquisition of 530 Broadway in SOHO.
Workplace management platform Eden has acquired its competitor Managed by Q from WeWork after a months-long bidding process. The acquisition amount is undisclosed for the investment round that Jones Lang LaSalle Technologies led to cement the acquisition.
Keystone officials held a ceremony recently to celebrate the topping out milestone alongside executives from AmerisourceBergen, which will be relocating its global corporate headquarters to the building.
Property managers are concerned about the health and well-being of tenants and residents along with operational and business implications related to the spread of the coronavirus, and IREM advises checking with WHO and CDC for guidance.