$62M Financing Secured For Bergen County Apartment Portfolio, JLL Says
A large residential portfolio spanning North Jersey has secured $62 million in financing.
The funding was arranged for Tower Management Service and will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender, the firm said.
The portfolio includes five garden-style apartment complexes with 541 units. Those include Omni Apartments in Bergenfield, Arcadia Court Apartments in Hackensack, Park Engle Apartments in Englewood, and is anchored by Spring Gardens Apartments in Summit.
The Summit property, built in 1968, consistently maintains a 97%+ occupancy rate, a…
Wrong-Way DUI Driver Screams After Lyndhurst Cop Wakes Him, Speeds Off With Fake Loaded Gun: PD
A Bergen County man was arrested after speeding away from an officer, almost causing a head-on crash, and being found with a loaded imitation handgun, local police said.
The incident happened on Thursday, Nov. 27, just before 2 a.m., when Officer Michael Carrino saw a black Nissan SUV idling in the wrong direction on the 300 block of Page Avenue, according to the Lyndhurst Police Capt. Paul Haggerty.
The driver, Milton J. Hernandez, 24, was slumped over in the driver's seat asleep, police said.
Officer Carrino knocked on the window to wake him.
Once Hernandez awoke, he looked at Carrino w…
Hamilton Father, Son Charged In Narcotics, Weapons Bust: Police
A father and son from Mercer County were arrested on Tuesday, Nov. 25, following a lengthy narcotics and weapons investigation in Hamilton, authorities said.
Matthew Eckel and his son Kyle, who both lived on Independence Avenue, were taken into custody after detectives executed several search warrants as part of an investigation into drug distribution in the community, Hamilton police said.
Kyle Eckel was charged with possession with intent to distribute more than 25 pounds of marijuana, along with Oxycodone, morphine, Xanax, and Psilocybin mushrooms, police said.
He was also charged…
