Regions Northeast | New Jersey
Hartz Mountain Gets $19M Refi for Secaucus Complex
Hartz Mountain Associates has secured a $19 million mortgagerefinancing loan for a 197,400-square-foot office/warehouse property in Secaucus, N.J.
New Owner of Atlantic City's Tropicana Somewhat of a Surprise
Tropicana Atlantic City Casino & Resort is set to come under new ownership, just over one year after owner Tropicana Entertainment L.L.C. filed for Chapter 11 protection. But it's not a big-name gaming company that will take over the property's reigns. The United States Bankruptcy Court in Camden, N.J., has green-lighted a "stalking horse" asset purchase agreement calling for pre-petition lenders--a group that includes billionaire investor Carl Icahn's Icahn Capital--to take hold of the asset in return for forgiving $200 million of debt owed by Tropicana.
New Owner of Atlantic City's Tropicana Somewhat of a Surprise
Tropicana Atlantic City Casino & Resort is set to come under new ownership, just over one year after owner Tropicana Entertainment L.L.C. filed for Chapter 11 protection. But it's not a big-name gaming company that will take over the property's reigns. The United States Bankruptcy Court in Camden, N.J., has green-lighted a "stalking horse" asset purchase agreement calling for pre-petition lenders--a group that includes billionaire investor Carl Icahn's Icahn Capital--to take hold of the asset in return for forgiving $200 million of debt owed by Tropicana.
KABR Fund Takes 235,000-SF New Jersey Office
Newly-formed value-added real estate fund KABR Real Estate Investment Partners L.L.C. has purchased a 235,000-square-foot office building at 85 Challenger Road in Ridgefield Park, N.J., from AIG.
Hartz Mountain Leases Out 116,000 SF in New Jersey
Hartz Mountain Industries has agreed to a lease deal with Breeze-Eastern Corp., a publicly-traded designer of lifting devices for military and civilian aircraft.
 

Keeping Commercial Building Construction Developments Current


Commercial development in New Jersey is incredibly active. There is seemingly always new commercial office space being built or older buildings being renovated in the Garden State. New Jersey commercial building construction has never been more prominent and its full coverage can be found at Commercial Property News online.