Kushner Secures $415 Million In Financing For Monmouth Square Redevelopment In Eatontown, New Jersey
Mayor Adams Celebrates Second Consecutive Year Of Record-Breaking Progress For Affordable Housing
Mayor Eric Adams announced that New York City has achieved consecutive record-breaking years for creating affordable housing and connecting New Yorkers to it. In the 2024 fiscal year, the city financed a combined 28,944 affordable and public housing units through new construction and preservation initiatives.
New Lease Signed At 205 West 28th Street In Chelsea, Manhattan
Corem AB and GDS Development Management have signed a five-year lease with Injective Labs at 28&7, a new 12-story Class A office building designed by Skidmore, Owings & Merrill at 205 West 28th Street in Chelsea, Manhattan. The company is leasing 8,685 square feet of office space on the building’s tenth floor.
255 East 39th Street Tops Out In Murray Hill, Manhattan
Construction has topped out on 255 East 39th Street, a 20-story residential building in Murray Hill, Manhattan. Designed by CetraRuddy and developed by Brause Realty in collaboration with Lonicera Partners and AECOM Tishman, the structure will yield 157 units with 48 designated for affordable housing. The property is located at the northwest corner of East 39th Street and Second Avenue.
$152 Million In Construction Financing Secured For 35 Cottage Street in Journal Square, Jersey City
JLL Capital Markets has secured $152 million in construction financing for the development of 35 Cottage Street, a 588-unit apartment building in Journal Square, Jersey City, New Jersey. The financing was secured on behalf of the borrower, Namdar Group, with senior financing provided by Centennial Bank and mezzanine financing through a private lender.
