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ISSUE HIGHLIGHTS Volume 37, Issue 9 September 2025 FALL PREVIEW
CRE finance firm PCCP provides senior construction loan BlueGate secures $162 Million in construction financing for Hoboken Urby
H
OBOKEN, NJ — BlueGate Part- ners , on behalf of
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Urby and Ironstate Holdings (together, the “Spon- sor”), has se- cured $162 million in construction financing for
1031 EXCHANGE
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DELAWARE
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Mark DeLillo
the development of Hobo- ken Urby, a transformative mixed-use residential proj- ect in Hoboken. Commer- cial real estate finance firm PCCP provided the senior construction loan. The 418,332 s/f, 16-story development will feature 307 market-rate apartments and 38 affordable units, comple- mented by 17,425 s/f of retail space – including a signature café – and a 152-space park- ing garage. Residents will benefit from Urby’s distinc - tive lifestyle programming and best-in-class amenities, including extensive fitness fa - cilities, communal vegetable
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respected private real estate developers in the Northeast. Together, the companies em- ploy over 200 professionals across offices in Hoboken and NYC, with a portfolio of 17,000 residential units. Iron- state alone is one of Hoboken’s most prolific developers, with nine assets totaling 1,847 units under management and an additional 1,697 units in Downtown Jersey City. “Hoboken Urby will redefine Hoboken Urby rendering
the residential experience in Hoboken, blending innovative design, high-quality finishes, and state-of-the-art amenities with unmatched connectivity to Manhattan,” said Mark DeLillo , managing partner at BlueGate Partners. The BlueGate execution team included Mark DeLillo, Marc Schulder, Lee Spie- gelman, Felipe Marin, Eli Zaoutis, and Jeremy Silber . MAREJ
gardens, vibrant gathering spaces, and thoughtfully de- signed work-from-home areas. Located just blocks from Hoboken Terminal, the prop- erty will provide direct access to PATH service, reaching World Trade Center in 11 minutes and 33rd St. in 16 minutes, along with NJ Tran- sit commuter rail and ferry service to Manhattan. Urby and Ironstate rank among the most active and
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CONFERENCES 6th Annual New Jersey Retail & Mixed-Use Conference October 7, 2025 Sheraton Edison, NJ 11th Annual New Jersey Office & Industrial Conference November 6, 2025 Sheraton Edison, NJ For speaking & sponsorship info., please contact: Lea at 781-740-2900 or lea@marejournal.com
CBRE Capital Markets arranges financing for 200 unit apartment community in Monmouth County, NJ
MONMOUTH COUNTY, NJ — CBRE Capital Mar- kets’ Debt & Structured Fi- nance team has arranged $40 million in permanent financ - ing for a newly constructed apartment community in Mon- mouth County. The property features 200 units and is one
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Monmouth County
MF1 on behalf of the borrower. “We’re proud to have supported our client in obtaining financing for one of Monmouth County’s most impressive new residential communities,” said Pizzolato.
“Despite current challenges in the interest rate environment, demand from the debt capital markets remains strong for well- located multifamily assets backed by strong sponsors.” MAREJ
of the premier new multifam- ily developments in the region. The CBRE Debt & Struc- tured Finance team of Mat- thew Pizzolato and Josh Stein facilitated the loan from
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