The third quarter of 2024 ended strong for the attorneys at Murphy Schiller & Wilkes LLP (MSW). The firm acted as lead counsel in connection with the acquisition and sale of properties in all asset classes, helped our clients negotiate large lease transactions, and represented both lenders and borrowers in connection with financing CRE deals, both locally and nationally. In addition, the firm’s Land Use, Zoning and Redevelopment team helped clients secure noteworthy approvals for major industrial, multi-family, and cannabis-related projects throughout New Jersey.

In Q3 2024, the firm represented the following:  

• Developer in connection with $30,000,000 acquisition and construction loan for industrial project in New Castle County, Delaware.
• New Jersey bank in connection with a $30,000,000 revolving credit facility and a $10,000,000 equipment loan facility for a New Jersey based company.
• Borrower in connection with a $26,500,000 life insurance company refinance of a multifamily property in Essex County, New Jersey.
• Developer in connection with $10,000,000 construction loan for multifamily development in Hoboken, New Jersey.
• Owner in connection with $10,000,000 refinance of hotel property in Wichita, Kansas.
• Lender/Seller in connection with $8,700,000 sale of 82-unit multifamily complex in Camden County, New Jersey.
• Lender in connection with a $7,000,000 construction loan assumption and modification in Passaic County, New Jersey.
• Seller in connection with a $6,500,000 sale, seller finance and environmental remediation of industrial property in North Jersey.
• Landlord in connection with 120,000 square foot industrial lease in Secaucus, New Jersey.
• Tenant in connection with a 75,000 square foot lease for industrial property in Union County, New Jersey.
• Developer in connection with land use approvals for the development of a new Zero-Emission Vehicle Fueling Facility in Newark, New Jersey.
• Developer in connection with land use approvals for a new recreational cannabis cultivation facility in Hackensack, New Jersey.
• Developer in connection with land use approvals for a new recreational cannabis dispensary in River Edge, New Jersey.
• Developer in connection with land use approvals for four 4-unit low-rise multifamily buildings in Newark, New Jersey.