The improved ranking, while praised by local officials, does not change the Trump administration’s stance on the stalled $11-billion Gateway Tunnel program, however.
CLK, LLC acquired the complex for $94 million, according to Cagan’s Realty, Inc., an affiliate of Cagan Property Management Inc. of Skokie, IL, which represented CLK in the transaction.
The $25.7-million project would include $3.04 million in mortgage financing from NJHMFA, $1.5 million from its Special Needs Housing Trust Fund, as well as $4 million from its hospital program to be matched by RWJBarnabas Health.
Sponsored by ADP
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.