TRENTON NJ-The first "mega project" development incentive grant for up to $30 million was approved by the Economic Development Authority for Dietz & Watson manufacturing. Also, redevelopment projects were awarded incentive grants in Newark and Camden.
PHILADELPHIA-Investment sales specialist Jose Cruz of HFF says the multifamily market has seriously heated up in the last six-to-nine months. Cruz will join the Industry Leaders panel at the RealShare conference at the Union League Thursday morning.
EAST ORANGE NJ-The last 18 condo units at 60 Parkway East - including some penthouses - are for sale as a portfolio at deep discount. They will be auctioned March 26.
TRENTON, NJ-An assembly committee has put forward a new bill that would create a program to have the state acquire foreclosed residential properties for conversion to affordable housing units - although a similar version was vetoed by Gov. Christopher Christie last year.
CLINTON, NJ-Cassidy Turley has brought the 730,000-square-foot I-78 Logistics Center onto the market. Situated on a toll-free interstate, the center is one of the larger facilities currently available in the region.
HOBOKEN, NJ-Stepping lively in a volatile market for interest rates, Meridian Capital arranged a 12-year loan at 3.6% for Ironstate on a building at its Shipyard development.
JERSEY CITY-Greystone obtained Fannie Mae financing to support the trade and rehabilitation of the Salem Lafayette Apartments, a Section 8 housing complex.