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Outside The Region
Posted: March 8, 2022
Axiom Commercial Real Estate Finance & Advisory arrange $25 million loan
Somerset County, NJ Axiom Capital Corp has structured and arranged a $25 million permanent loan (10-year loan, 1 year I/O, fixed rates, non-recourse) for the refinance of a 113,204 s/f grocery anchored retail plaza.
The property is strategically situated along Elizabeth Ave. in the heart of Somerset’s primary retail corridor just off Exit 12 of I-28. The Property consists of three parcels — a 67,003 s/f, standalone ShopRite; a 42,159 s/f retail building; and a standalone Wells Fargo branch.
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Kasowitz gets dismissal of lawsuit against developer of American Dream Mall
East Rutherford, NJ Kasowitz, on behalf of the developer of the American Dream mall and its affiliates (the American Dream defendants), has secured the dismissal of state litigation brought by the project’s successor junior
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