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NJ Pension Commits $850M to Private Equity, Real Estate
New Jersey pension fund committed $850 million to private equity and real estate alternative assets.
AlternativesCapital MarketsUnited States
Updated 1 day ago
Read What happened, and who moved.
New Jersey pension fund committed $850 million to private equity and real estate alternative assets.
PMB, a leading healthcare real estate developer, and Loma Linda University Health with Lifepoint Rehabilitation, a business unit of Lifepoint Health, recently broke ground on a new, 99,000-square-foot, 80-bed inpatient rehabilitation hospital in Redlands. Located at 11207 New Jersey., the three-story facility will…
A new lease with AI-native fund administrator Hanover Park and the expansion and extension of PMG Worldwide’s existing space have been recent highlights at TF Cornerstone’s 387 Park Ave. South, which has seen more than 100,000 square feet of leasing activity in the past year. The recent transactions follow K…
Sack Capital Partners, a San Francisco-based real estate investment and management firm, and Align Finance Partners have closed structured financing for Step Up Housing’s acquisition of two California multifamily communities: Copper Creek, a 268-unit community in Sacramento; and Terramonte at Foothill, a 138-unit…
The Durst Organization has signed :3Coffee Roasters to a 1,232-square-foot lease for a new retail location at 30 Halletts Point in Astoria, Queens. Expected to open later this year, the new shop marks an expansion for the family-owned business and its second Astoria location. It will also be the first retail at 20…
Pennrose held the grand opening of Forge, a new mixed-income rental community for individuals and families in Lenox, MA. The community features 65 apartment units across 13 townhome-style buildings, along with a modern clubhouse and shared amenity spaces. “With few affordable housing options in the area, Forge will…
CBRE announced it arranged $67.4 million in financing for Forge North First, a mixed-phase industrial/R&D campus and advanced manufacturing development in San Jose’s Golden Triangle submarket. Mike Walker, Brad Zampa, and Andy Gross of CBRE’s Debt & Structured Finance team in San Francisco arranged the five-year…
Marcus & Millichap arranged the sale of 251 North Ave. W., a mixed-use property in Westfield, NJ, for $5,260,000. Alan Cafiero, David Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the private buyer. “Downtown Westfield continues to be one of…
Brooklyn-based Heights Advisors has filed a land use application to build 606 mixed-income apartments in the Soundview section of the Bronx. The 21-story, 515,000-quare-foot mixed-use building at 945 White Plains Rd. would rise on a site currently occupied by a low-rise retail building housing Modell’s Sporting…
Entre Commercial Realty completed the lease of a 20,500 square foot industrial building located at 1275 Kyle Court in Wauconda, Illinois. The freestanding industrial facility features 20-foot clear heights, two exterior loading docks, and one drive-in door. Brian Bocci, SIOR, and Jack Steineke of Entre Commercial…
MassDevelopment, Nuveen Green Capital and Millennium Partners announced $281 million in private financing for the Millennium Residences at Winthrop Center at 115 Federal St. in downtown Boston under the state’s Property Assessed Clean Energy (PACE) Massachusetts program. This project is believed to represent the…
CEDARst Companies has closed on construction financing and launched construction on a 197-unit multifamily development, The Samuel, located at the corner of Adams Avenue and Idaho Street in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided an $80,000,000 construction loan for the project.…
GREA announced the sale of Glenwood Station, a newly delivered 159,000-square-foot, 86-unit luxury apartment development located in downtown Glen Ellyn, Illinois. The transit-oriented property was developed by Holladay Properties and opened to residents in the spring of 2025. The GREA Chicago team of Christopher…
29th Street Capital (29SC) has acquired Chestnut Heights Townhomes, a 161-unit townhome community located in Olathe, Kansas. The property will be managed by 29th Street Living, the company’s property management platform. 29SC partnered with Basis Investment Group’s BIG Equity Value-Add Fund II for LP equity for the…
Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital, has acquired a recently delivered biomanufacturing facility at 215 Shuksan Way in Everett, Washington, just outside of Seattle. The joint venture acquired the 270,000-square-foot property for $78 million from its second life science…
J.G. Petrucci Company, Inc. and BGO Cold Chain announced that Freshpet has leased the entire 216,000-square-foot cold storage development at 757 Hellertown Road in Bethlehem, Pennsylvania. The facility is scheduled for on-time and on-budget completion by the end of the year, and the property was developed through a…
Primoris Services, a Fortune 500 provider of critical infrastructure services Sugar has signed a 25,352-square-foot office lease at Sugar Land Town Square. The announcement comes as Sugar Land Town Square undergoes a significant redevelopment initiative designed to elevate the tenant experience and further…
HBK CPAs & Consultants has signed a lease with Hill Management Services, Inc. for 7,168 square feet of space and recently relocated its Baltimore regional office, together with 15 employees, to the Executive Plaza complex in Hunt Valley, Maryland. Danielle Bridge of Hill Management Services represented the…
Interdisciplinary design firm HGA has completed the Richard M. Schulze Surgical and Critical Care Center, a 10-story, 620,000-square-foot addition to Abbott Northwestern Hospital housing 190 private inpatient rooms. The design firm worked with Allina Health to integrate new critical care spaces, including 30…
Vacancy rates in The Woodlands area grew slightly in retail and industrial sectors in August, while the office sector saw a slight decrease when compared to the third quarter of 2025, according to commercial real estate data from Caldwell Cos. Community Impact reports that rental rates per square foot for retail…
Logistics Plus has signed a 744,452-square-foot industrial lease in the southern Dallas suburb of Wilmer. The Pennsylvania-based provider of freight and fulfillment services will occupy the entire Building 2 within the Southport Logistics Center, an approximately 1.5 million-square-foot development. Building 2…
Varia US Properties AG, the Swiss-listed investor in the U.S. multifamily sector, externally managed by Stoneweg, an SWI Group Company, has formed a US$693.9 million two-vehicle joint venture with affiliates of Brookfield Asset Management for 13 of Varia’s 17-property U.S. multifamily portfolio. The JV provides…
Arizona State University is adding an upscale hotel in the heart of its Main Street entertainment district. Novus Innovation Corridor will be the site for a seven-story, 116,855-square-foot property that will be part of Marriott Bonvoy’s Tribute Portfolio. The hotel will feature 168 guest rooms, a rooftop pool and…
Partners Real Estate represented AI Prefab Solutions, a Texas-based critical-infrastructure manufacturer, in its lease of a new 196,523-sq.-ft. Class A facility in Hutto, Texas. The facility, known as Innovation 8, stretches just under three football fields in length and will serve as the company’s headquarters and…
Amwins Group plans to build a 15-story, 250,000-square-foot office tower at the former Sharon Station site on Sharon Road. The global insurance company asserts the building should cost $39 million. The new tower will feature nine office floors above six parking levels, along with a lobby and approximately 7,000…
A 41-acre premier mixed-use retail and entertainment destination has traded hands in Sparks, Nevada. Legends at Sparks Marina traded for $103 million. Newmark’s Kyle Miller and Rob Ippolito represented the seller, BIG Shopping Centers USA and RED Development, in the transaction. The property was acquired by Alturas…
Related Group recently paid $9.3 million for a development site at a Fort Lauderdale office park at 6700 N. Andrews Ave. Naya USA was the seller. CPN West retained ownership of the 309,243-square-foot office building there. Last year, Related Group filed plans to develop the vacant portion of this site with…
Berkadia brokered the sale of MacArthur Park, a 290-unit, garden-style multifamily property in Augusta, Georgia. Christian DiCroce, Jim Sewell, Dave Lansbury, and Erika Maston of Berkadia Charleston led the transaction on behalf of ATC Development, the seller. MacArthur Park sold for $40.6 million and the sales…
Sunbeam Development Corporation, owner of the 125-acre Miramar Cove, has engaged Colliers to lead retail leasing for the mixed-use waterfront destination now under construction in Miramar, west of Miami and Fort Lauderdale. Miramar Cove broke ground in May 2026 and will deliver approximately 400,000 square feet of…
On July 20, President Donald Trump signed three proclamations under Section 338 of the Tariff Act of 1930. The trade proclamations are scheduled to take effect on Aug. 19, 2026, and will impose a 50% tariff on certain goods entering the United States, including cement and plywood. Matt Long is a partner at Porter…
The first half of 2026 generated considerable concern among commercial real estate investors and occupiers. Inflation remained sticky, prompting the Federal Reserve to hold interest rates steady. Tariff and trade uncertainty continued to generate pricing pressures, the Middle East conflict impacted oil prices, and…
Tishman Speyer has signed Madewell to a long-term lease for 7,340 square feet at 1 Rockefeller Plaza. Slated to open in 2027, the new store marks Madewell’s first location at Rockefeller Center. Madewell offers premium denim, apparel, and accessories for women and men. Best known for its denim expertise, the brand…
City, county and state officials joined together to celebrate the topping off of QWest Towers, a new $158-million workforce housing development that is nearing completion in Mount Vernon, NY. Located at 1 and 25 North MacQuesten Pkwy., the project is being developed by QWest Towers LLC, a joint venture between…
Skender has completed the 83,000-square-foot buildout of Harrison Street Asset Management’s (HSAM) headquarters at The Fulton, 919 W. Fulton Market in Chicago. The real estate and infrastructure investment management firm is relocating from its prior location at 444 W. Lake Street. HSAM’s new three-floor buildout…
Streamside RV Resorts & Campgrounds, one of the fastest-growing owner-operators in the outdoor hospitality sector, today announced the acquisition of Sandy Pines Campground in Kennebunkport, ME. The transaction marks the 40th property in Streamside’s rapidly expanding national portfolio. The acquisition of the…
Whitewater Commercial Real Estate, a San Diego-based commercial real estate brokerage specializing in multifamily, arranged the sale of 3013 C St., a value-add complex in Golden Hill. The property sold for $5,337,276. Cole Silverman, Connor Stolle and Carson Trujillo of Whitewater represented the seller, Stephanie…
Liberty Center, a 64-acre mixed-use property in Liberty Township, Ohio, announced more than $20 million in completed, ongoing and planned investments designed to support the mixed-use destination’s next phase of growth, including future hotel and residential development opportunities. Real estate developer…
The Port of Seattle Commission has approved initial funding for a $2.5 billion renovation of Seattle-Tacoma International Airport’s S Concourse, with major construction scheduled to begin in 2027 and continue through 2034. Commissioners authorized $1.1 billion to fund the project through 2029. The commission will…
Newmark arranged a $58-million Fannie Mae loan for Everleigh San Clemente, a newly constructed 150-unit Class A active-adult (55+) apartment community in San Clemente. The Fannie Mae financing was arranged by vice chairman Lee Redmond, managing director Alec Newman and VP Nick Schroeder of Newmark on behalf of the…
Cambridge Health Alliance (CHA) has renewed its 73,500-square-foot lease at Combined Properties’ 195 Canal St. in Malden, MA. Under terms of the lease, CHA will continue to operate its Malden Family Medicine Center there for at least another five years. The Malden Family Medicine Center has operated at 195 Canal…
Average Manhattan apartment rents reached an all-time high of $6,655 in July, according to Corcoran Sunshine Marketing Group. Median rents held steady at June’s record-setting level of $5,295, up 6% from a year ago. “Meanwhile, the number of signed leases rose 3% annually, while inventory dropped a substantial 22%…
The River School, a private school based in Washington, D.C., has purchased Under Oak, a two-lot estate in Tenleytown, with plans to build a new campus on the 2.27-acre property. Located at 4220 Nebraska Ave. NW, a block south of American University’s Tenleytown campus, the property sold for $8.75 million, reported…
The Trepp CMBS special servicing overall rate declined 11 basis points in July to 11.09%, partially reversing the increases of recent months. However, decreases in special servicing rates were not seen across the board in all property types. The improvement was led by office, the largest special servicing category,…
Cushman & Wakefield has arranged $37.37 million in floating-rate construction financing for Derby Place, a 94,587-square-foot retail development anchored by Whole Foods Market in Bel Air, Maryland. The property is already 92% committed with retailers and service providers. Located at 610 Baltimore Pike, Derby Place…
JLL has secured a $40.5 million refinancing for The Payton, a 162-unit multifamily property in Portland, Oregon. JLL represented the borrower, ColRich, in arranging the five-year, floating-rate loan through Prime Finance. The Payton, located at 2020 NE Multnomah St., is a seven-story mid-rise community built in…
MDH Partners (MDH) has acquired 70 Connect III, a 1,005,776-square-foot industrial building in Greenfield, Indiana, part of the Indianapolis metropolitan area. The building, developed by Lauth, was delivered on a speculative basis and sits along West 350 North in the East industrial submarket. JLL represented the…
Vantage Communities has obtained a $103 million refinancing for a three-property, 864-unit multifamily portfolio located in the Austin and San Antonio metro areas. Benefit Street Partners provided the financing in a deal arranged by Greystone Capital Advisors. The properties in Austin include Vantage at McKinney…
Constellation Real Estate Partners wants to build two warehouses — a 464,400-square-foot cross-dock and a 205,200-square-foot front-load facility in Seabrook, near the Port of Houston. The project will be on 60 acres on Red Bluff Road just east of State Highway 146. The project still needs city council approval.…
Jackson-Shaw broke ground on Horizon 35, a master-planned business park at the northeast corner of Interstate 35 and Loop 288 in Denton, Texas. Phase I will deliver 543,550 square feet across three rear-load buildings and is now pre-leasing for delivery in the third quarter of 2027. At full buildout, the…
Porter Kyle, a Scottsdale-based Build-to-Rent (BTR) developer and general contractor, opened the doors to The Wayne, a 100-unit BTR townhome community in Chandler, Ariz. Residents are moving in, and the clubhouse and first four buildings at the community have been transitioned to Mark-Taylor for ongoing lease-up…
The City of Mesa authorized the town’s city manager to negotiate a deal with a developer to construct a 5-story AC Hotel by Marriott on the northeast corner of Main Street and Centennial Way. The 85,000-square-foot hotel would consist of 150 rooms, an outdoor pool and a lounge open to guests and the public. The ...…
ParkProperty Capital acquired The Jane, a 280-unit multifamily in the Brookwood district of Atlanta, adjacent to Buckhead. The property was traded for $75 million. CWS Capital Partners was the seller. The property was named after the local golf legend Bobby Jones’ putter, Calamity Jane. Brookwood sits adjacent to…
Sixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital. Financing for the transaction was provided by Starwood Property Trust. Situated on…
Xebec closed on $30.49 million in joint-venture equity alongside $39.95 million in construction financing for Black Creek Commerce Center, a three-building Class A industrial development in Black Creek, Georgia. not far from Savannah. JLL secured the construction loan from Seacoast Bank and placed the joint-venture…
Artificial intelligence, particularly the agentic kind, could help rental housing owners and operators automate tasks, coordinate maintenance and improve resident retention. But getting there involves more than installing a new technology. “I would put out there that rental housing is perfect for AI,” said McKinsey…
Cushman & Wakefield arranged the sale of 73-75 Sullivan St., a newly constructed mixed-use property totaling 32,957 square feet and comprising 11 residential units and a ground-floor commercial space anchored by The Montessori School. The final sale price was $43,333,000. A Cushman & Wakefield team of Dylan Walsh,…
SRS Real Estate Partners arranged the $41-million sale of San Dimas Commerce Center, a 19-building light industrial park located at 410-490 W. Arrow Hwy, in San Dimas. VP Dave Faris and EVP and senior managing principal Richard Schwartz represented the seller, San Dimas BP LLC. The buyer is an institutional…
Permits have been approved for a new 10-story affordable senior housing development at 105 W. Tremont Ave. in the Morris Heights neighborhood of the Bronx. Developed by Crown Holdings in partnership with The Community Builders, one of the nation’s largest affordable housing organizations, the project will provide…
JLL Capital Markets arranged the $30.4-million sale of Terra Nova Plaza, a fully leased, 96,114-square-foot retail property positioned within a 301,000-square-foot regional shopping center in Chula Vista. Senior managing director Gleb Lvovich, managing director Daniel Tyner and senior managing director Geoff…
Walker & Dunlop, Inc. has arranged $147.5 million in debt and equity capitalization for the construction of 2 South Main, a 322-unit multifamily project in downtown Port Chester, NY. The sponsorship group is a joint venture between Hyperion, Winter Properties and AIP. The Walker & Dunlop Capital Markets team of Mo…