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NJ Lawmakers Set Out To Block Increased Tolls Into Manhattan


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Two New Jersey congressman are pulling out the stops to block a surcharge on drivers entering Manhattan.
Democratic U.S. Reps. Josh Gottheimer and Bill Pascrell Jr. put a formal request in to the U.S. Department of Transportation to stop the plan.
New Jersey commuters specifically those who take the George Washington Bridge to and from Manhattan fear that they ll be charged a toll for the bridge and a congestion pricing fee to drive south of 61st street: A double toll.
“We’re standing here in Fort Lee to say this will not stand the light of day,” ....

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LA investor bags $49M loan for 18-building Meadowlands industrial acquisition


JLL Capital Markets announced that it has arranged $48.8 million in financing for Cohen Asset Management’s acquisition of an 18-building industrial portfolio totaling approximately 725,000 s/f across the Meadowlands and surrounding markets in New Jersey.
JLL worked on behalf of Cohen Asset Management (CAM) to place the seven-year, fixed-rate loan with Principal Real Estate Investors.
The portfolio is located in some of the most densely populated areas of Northern New Jersey in highly demanded infill locations in the Meadowlands and surrounding markets. The properties offer exceptional access to New York City via the Lincoln and Holland Tunnels and the George Washington Bridge.   Additionally, the properties are easily accessible from key Northern New Jersey highways, including the New Jersey Turnpike and Interstate 80. ....

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