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PARAMUS, NJ–NorthMarq Capital obtained a $19 million short-term bridge loan at 5% interest for the 45 Eisenhower Drive office building which did not qualify for a permanent mortgage because it is more than 20% vacant.
PARSIPPANY, NJ-Mack-Cali Realty Corp. sold the Wyndham Worldwide net-leased headquarters building at 22 Sylvan Way here for $96.6 million to Griffin Capital.
WESTWOOD, NJ–Gebroe-Hammer Associates has completed another five investment sale transactions, including the trade of a small apartment building close to the train station here. The building had not been on the market in 45 years.
NEWARK, NJ-The new Innovation Institute at the New Jersey Institute of Technology here will have five labs focused on creating technological solutions for industry partners.
CLIFTON, NJ-The Goldstein Group's survey says retail vacancy is the lowest it has been in five years. Along Route 3 in Clifton, less than 2% of space is vacant.
JERSEY CITY, NJ-Bussel brokered the lease or sale of more than 200,000 square feet of industrial property in a month, including Atlantic USA Holdings' taking of 111,000 square feet in Jersey City.
ARLINGTON,VA—According to a new report from the Associated General Contractors of America,New Jersey lost 3.4% of its construction jobs in the 12-month period that ended March 31.
MAHWAH, NJ-As requirements for temporary,flexible and start-up offices rises, River Drive Construction finds the slack in business caused by a generally slow office market is taken up by its work with Regus business centers.