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Under the Community Development Financial Institution initiative, the NJEDA will make up to $15 million available to CDFIs to expand their capacity to provide financing to New Jersey small businesses. Applications for the program are expected to be available in September 2019.

The project was financed primarily through a tax-exempt bond issuance with Collegiate Housing Foundation, a nonprofit 501(c)(3) organization, serving as the borrower and owner of the project.

This is the first venture in South Florida by Gatsby Enterprises, and more purchases are planned in the region's urban cores.

Due for completion in 2021, the property will include two 12-story buildings connected by a concrete corridor that will house 109 condominium units above a ground-floor lobby and 5,010 square feet of retail.

The fund has a target of raising $50 million in equity and will target single-tenant net lease assets.

With the legalization of cannabis, there is a lot of excitement for new real estate uses, but there are still challenges to investing.

The SpringHill Suites by Marriott in San Diego has secured a $20.5 million refinancing loan.

An industrial development is planned for the 10-acre site at the March Air Reserve Base in the Inland Empire.