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ISSUE HIGHLIGHTS Volume 26 Issue 18 Sept. 26 - Oct. 9, 2014

Mikula, Didio and Seiden led debt placement team representing the borrower HFF arranges $70m in financing for Curling Club Apartments in Hoboken

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Streets and 12th and 11th Streets. Completed in 1999, the property consists of four five-story residential build- ings above a single level parking garage as well as a free-standing, single-story clubhouse and an interior courtyard. All of the apart- ments are two-bedroom, two- bathroom units. Community amenities at the pet-friendly residence include a fitness center, resident’s lounge, stor- age units and garage parking. Residents also benefit from shuttle service to the PATH station. The HFF debt placement team representing the bor- rower was led by senior man- aging directors Jon Mikula and TomDidio and associate director Samuel Seiden . n of a residential mid-rise build- ing, the school at 256 Warren St. is River School’s fourth location and marks an ex- pansion of its presence in the Exchange Place neighborhood. The organization maintains a school at 251 Warren St., which primarily serves a pre- school population now that the younger children have moved to the new facility. River School also operates across town in the mixed-use Newport development; PSA designed an expansion of that school at 30 Newport Pwy. in 2009. Additionally, the school maintains a location on Man- hattan’s Upper West Side. “With the addition of our newest facility, River School will proudly serve 450 fami- lies,” Kresch said. “Our growth speaks to high demand for quality childcare in the region, as well as to the caliber of our teachers, staff, programs and facilities. As we have looked for the best places and spaces to expand, Barry has been instrumental in helping us assess opportunities.” n

OBOKEN, NJ — HFF announced that it has arranged $70

million in financing for Curl- ing Club Apartments, a 240- unit, class A multi-housing community in Hoboken. HFF worked on behalf of the borrower, institutional inves- tors advised by J.P. Morgan Asset Management, to secure the fixed-rate loan through Nationwide Life Insurance Company. HFF brokered the sale of the asset to the bor- rower in June 2014. Curling Club Apartments encompasses a full city block in the uptown Hoboken sub- market between Grand and Adams Streets and 12th and 11th Streets, as well as the northern half of the block between Clinton and Grand


Landlordwins insurancepayment due to lease By JerryNelson, Esq.

Curling Club Apartments

Five classrooms, indoor play areas, an administrative office, kitchen and storage area Poskanzer Skott Architects designs newest River School facility in Jersey City at 256 Warren Street

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JERSEYCITY, NJ — Pos- kanzer Skott Architects (PSA) recently completed the design of River School’s new- est location at 256 Warren St. in Jersey City. According to Barry Poskanzer, AIA , one of the best parts of the project for the expanding childcare provider was the ability to exercise a sense of youth- ful creativity to produce an environment that promotes


River School

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learning, comfort and fun. “Developing inviting, nur- turing environments for young children allows for more inventiveness and artis- tic freedom than many other types of projects,” Poskanzer said. “In the case of River School, our underlying theme involved simple lines, with clean neutrals and punches of bright, primary colors.” PSA designed five classrooms, indoor play areas, an admin- istrative office, kitchen and

storage in the 5,500 s/f area. “As educators and caregiv- ers our role is to provide an at- mosphere where children are encouraged to explore and be curious, where they feel safe and loved, and where they can learn about their emo- tions and gain social skills,” said Richard Kresch, River School’s sponsor. “Barry and the Poskanzer Skott team cre- ated a beautiful place for our children to learn and grow.” Located on the ground floor

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