Top Stories in New Jersey Commercial Real Estate 

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Veris Residential inks $340 million refi of 750-unit Jersey City rental tower, reports say

Veris Residential Inc. has landed a $340 million Freddie Mac loan for its recently completed, 750-unit apartment tower in downtown Jersey City, according to published reports.

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Kaplan ramps up commercial unit with projects in self-storage, modern retail

Kaplan Cos. is stepping up the expansion of its commercial division, with a focus on new self-storage development and efforts to reposition retail assets to meet changing consumer needs.

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Somerset shopping center adds Indian restaurant in 2,500 sq. ft. deal by Bussel Realty Corp.

An Indian restaurant has leased more than 2,500 square feet at a retail center in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

IN OTHER NEWS

Princeton-based Essential Properties Realty Trust names new senior vice presidents

LMC inks 1,400 sq. ft. deal with spa business, adding to Long Island retail center

AROUND THE STATE: Planning board approves council proposal for short-term rental units (Montclair Local)

ICYMI

Prologis boosting curb appeal of Meadowlands properties with multimillion-dollar façade project

NAIDB: Middlesex, Union counties stand out as rising rates weigh on N.J. investment sales

Capital One closes $200 million debt package for 1,300-unit portfolio in New Jersey, New York

Investor sells 18 apartments, two retail spaces in Elizabeth portfolio deal, Kislak says

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