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CBRE: Blackstone 360 lands $60 million permanent loan for 213-unit East Orange high-rise – Real Estate NJ
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CBRE: Blackstone 360 lands $60 million permanent loan for 213-unit East Orange high-rise – Real Estate NJ
Allure 258 at 258 South Harrison St. in East Orange — Courtesy: CBRE By Joshua Burd Blackstone 360 has closed on $60 million in permanent financing for a new 213-unit luxury apartment tower in East Orange, in a deal arranged by CBRE. According to the brokerage team, the loan from SteepRock Capital allows the developer to refinance existing debt tied to the lease-up of the 17-story building at 258 South Harrison St. The transaction follows the re…
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