Regions Northeast | New Jersey
Ground Breaks on Aloft Hotel in New Jersey
Sept 22, 2008

Ground has broken on a 154-room hotel in Mount Laurel, N.J., that will carry Starwood Hotels & Resorts Worldwide Inc.'s new Aloft lifestyle flag. Property owner Delco Development has tapped Grande Properties L.L.C. to develop Aloft Mount Laurel, which will sit just minutes from downtown Philadelphia and the Philadelphia International Airport. Designed by the Rockwell Group, the property will also feature a fitness facility and 5,400 square feet of meeting space. Construction of the hotel, one of several Aloft destinations that have been erected since Starwood's debut of the brand earlier this year, is on track to reach completion in fall 2009. Starwood plans to open 500 Aloft hotels around the world over the next five years.

 
Recent New Jersey Headlines
Pantheon Signs Pair of Tenants in New Jersey
Dec. 31, 2008
Pantheon Properties has signed on two long-term tenants for more than 42,000 square feet at their Newark and Secaucus, N.J., industrial properties.
Developers Break Ground on $210M Residential, Retail Project in Jersey City
Dec. 17, 2008
Construction has begun on a $210 million development in Jersey City, N.J., that will feature two 47-story towers with a total of 524 rental apartments and 11,000 square feet of ground-floor retail space. Monaco Towers, developed jointly by Roseland Properties of Short Hills, N.J., and Garden State Developers of Jersey City, had originally been planned as a condominium property but will now offer rental apartments.
AG Net Lease Completes $34M Sale-Leaseback
Dec. 16, 2008
AG Net Lease, the net lease arm of  Angelo, Gordon & Co., has acquired five of Consolidated Container Co.’s, manufacturing and distribution facilities located in three states for $34.3 million. 
Capmark Secures $60M in Financing for New Jersey Storage Facilities
Dec. 15, 2008
Capmark Finance Inc. arranged $60 million in floating-rate financing for dry and cold storage facilities located at the Port Carteret Industrial Complex in Carteret, N.J.
SK Properties Secures $170M in Construction Financing for New Jersey M-F Portfolio  
Dec. 11, 2008
SK Properties has secured more than $170 million in construction financing for three multi-family properties in New Jersey and Pennsylvania.
 
Select Coverage By City: