CAPRE’s Commercial Real Estate Headlines for December 2, 2019

Check out the latest deals and developments in commercial real estate for December 2, 2019: NRIA Closes $44 Million USD Loan with S3 Capital Partners To Begin Construction Of Hoboken Heights: NRIA has closed on a $44 Million USD loan with financing partner S3 Capital to begin construction of Hoboken Heights, a new gated residential development located at 1300 Manhattan Avenue Union City, New Jersey. Upon completion, Hoboken Heights will feature four buildings with 55 luxury residences, including nine penthouses with private elevators and expansive terraces. The units will range from 2,340 to 4,740 square feet with 3 to 4 bedrooms, 3 to 4 bathrooms, and glass-enclosed terraces facing Manhattan. Amenities will include indoor/outdoor entertainment areas with decks and grilling kitchens, an indoor pool with walkout sundeck, private gym, peloton studio, golf simulation area, private meeting room, and a lounge with screening room and bar. Mission Rock Residential Signed on to Manage Dumfries Virginia Apartment Community: Mission Rock Residential, a Denver-based multifamily property management company, is announcing today a new management contract for Oasis at Montclair Apartments in the city of Dumfries, Virginia, just 30 miles outside of Washington D.C. The company has been issued an agreement for the management of the community by California-based Hamilton Zanze Real Estate Investments. The pet-friendly community features 244 one, two, and three-bedroom apartment homes in close proximity to major retailers, a beautifully forested urban park, and access to the Potomac River. Community amenities include a spa-inspired saltwater…