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Meridian inks $21.3 million loan for 450-unit rental property in Burlington Co.

Posted On 8/20/2019

By Joshua Burd Article Published HERE The developer of a 450-unit luxury apartment property in Willingboro has landed more than $21 million in financing, in a transaction arranged by Meridian Capital Group. Brokers with the firm represented the borrower, Weiss Properties, in sourcing the $21.3 million loan for the complex known as The Avery. The […]

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Construction on major Florence development to begin early next year

Posted On 8/14/2019

By George Woolston Article Published HERE The mixed-use development will bring 240 apartments, a 104-room Marriot Town Place Suites hotel and a restaurant to the intersection of Route 130 and Cedar Lane. FLORENCE — The developer behind a mixed-use project that will bring 240 apartments, a 104-room Marriott Town Place Suites hotel and a restaurant to the intersection […]

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Mixed-use development at Route 130 and Cedar Lane in Florence approved

Posted On 6/24/2019

By George WoolstonArticle Published HERE A plan to bring 240 apartments, retail space and a 104-room hotel to the intersection of Route 130 and Cedar Lane was approved Tuesday by the Township Planning Board. FLORENCE — An open field along Route 130 will soon be transformed into a major mixed-use development. A plan to bring […]

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New York private club sells for $15 million

Posted On 3/11/2019

Posted on 2/20/2019, by Jack CrittendenArticle Published HERE New Jersey-based Titan Golf has purchased Tam O’Shanter Country Club in Brookville, N.Y., for a reported $15 million.  It’s the latest strategic acquisition by Titan, which targets financially challenged private clubs with an eye toward upgrading facilities and expanding membership. Titan was one of several potential buyers […]

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Meridian inks $27.5 million loan for 117-unit rental project in Somerville

Posted On 2/27/2019

By Joshua Burd The developer of a newly built, 117-unit apartment building in Somerville has refinanced for $27.5 million, under a newly announced transaction by Meridian Capital Group. The capital markets firm said it represented Weiss Properties, which built The Cobalt at 70 Veterans Memorial Drive East, in sourcing the loan. Completed in 2017, the […]

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Developer secures $15 million loan for Somerville rental project, Meridian says

Posted On 5/16/2018

By JOSHUA BURD Article Published HERE Meridian Capital Group has brokered $15 million in financing for the development of a new 60-unit luxury rental property in downtown Somerville. Working on behalf of the developer, Robert Weiss of Weiss Properties, Meridian sourced the construction loan through a regional balance sheet lender. The funds will support the midrise […]

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Somerville: Former Social Security Building Demolished to Make Way for Apartments

Posted On 3/12/2018

By ROD HIRSCH Article Published HERE SOMERVILLE, NJ – A work crew demolished the former Social Security office building on Davenport Street Monday morning. The building had been surrounded by a chain link fence and orange safety barrels the past two weeks in preparation for demolition of the one-story building, which had fronted on the […]

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Weiss: New upscale rental project is latest step forward for Somerville

Posted On 3/12/2018

The Cobalt, a 117-unit apartment community in downtown Somerville — Courtesy: Minno & Wasko By Joshua Burd Robert Weiss had owned the site for some 20 years. But it was only recently that he could tap into the potential of a property that is steps from both a commuter train station and downtown Somerville. The […]

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Somerville: Cobalt Apartments to Receive Land Development and Planning Award

Posted On 2/16/2018

Article Published HERE SOMERVILLE, NJ – The Somerset County Board of Chosen Freeholders and the county Planning Board will honor six local projects, including the Cobalt Apartments on Veterans Memorial Drive at the 35th annual Land Development and Planning Awards at 6 p.m. Tuesday, Feb. 20, in the Freeholder Meeting Room, located on the third floor of […]

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Somerville apartment building celebrates grand opening

Posted On 11/3/2017

Article Published HERE SOMERVILLE – Robert Weiss believes in Somerville. “We’re pretty excited,” said Weiss, whose company, Weiss Properties, this week celebrated the grand opening of The Cobalt apartments on Veterans Memorial Drive  and will be starting construction on The Davenport, a 60-unit apartment building on Davenport Street, early in 2018. And Somerville appreciates the faith that Weiss […]

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