JLL Secures $384M Funding for Panepinto Properties and AJD Construction's Latest Waterfront Multi-Family Project
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Financing Details: Harborside 8, a luxury high-rise in Jersey City, secured $306 million in senior non-recourse financing and $78 million in preferred equity for its construction, facilitated by JLL's Capital Markets group.
Project Overview: The development will feature a 65-story residential tower with 678 units, ground-floor retail space, and extensive amenities, including a fitness center and rooftop terraces, all designed to enhance the waterfront community.
Location and Accessibility: Situated along the Hudson River, Harborside 8 offers convenient access to Manhattan via nearby transportation options, contributing to the ongoing transformation of Jersey City's waterfront into a desirable residential area.
Development Timeline: Groundbreaking is planned for Q1 2026, with stabilization expected by Q1 2030, marking a significant addition to the skyline and housing market of Jersey City.
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Analyst Views on KW
Wall Street analysts forecast KW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KW is 11.00 USD with a low forecast of 11.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 9.860
Low
11.00
Averages
11.00
High
11.00
Current: 9.860
Low
11.00
Averages
11.00
High
11.00
About KW
Kennedy-Wilson Holdings, Inc. is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on investing in the rental housing sector (both market rate and affordable units) and industrial properties, and originating, managing and servicing real estate loans (primarily senior construction loans secured by multifamily and student housing properties that are being developed by institutional sponsors throughout the United States). It operates in two segments: Consolidated Portfolio and Co-Investment Portfolio. Its Consolidated Portfolio consists of investments in real estate and real estate-related assets that it has made and consolidated on its balance sheet, primarily multifamily communities. Under the Co-Investment Portfolio, it invests capital on behalf of its partners in real estate and real estate-related assets, primarily construction loans, through its Co-Investment Portfolio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Keller Williams Expands with New Franchise in Bulgaria
- International Expansion: Keller Williams has awarded a new franchise in Bulgaria, marking its 20th franchise in Europe and further solidifying its global market leadership, with 143 market centers and 9,630 agents across Europe as of now.
- Market Center Launch: KW® Bulgaria is expected to open its first market center in Q1 2026, leveraging the leadership of Regional Operating Principal Pascal Duffy to enhance local agent success and entrepreneurial opportunities.
- Global Growth Strategy: As of November 2025, Keller Williams Worldwide operates 267 market centers across over 60 regions globally, showcasing its rapid growth and expansion potential, particularly in emerging markets like Africa and South America.
- Leadership and Culture: Keller Williams emphasizes that the core criteria for new franchises include a qualified leadership team and a commitment to operating within stable government and banking systems, ensuring long-term success in the global real estate market.
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Harborside 8 Secures $306M Financing and $78M Equity Investment
- Successful Financing: Harborside 8 has secured $306 million in non-recourse construction financing and $78 million in preferred equity, reflecting strong investor confidence in the luxury residential market in New Jersey.
- Project Scale: The development will feature 678 units and 719,726 square feet of rentable space, expected to provide high-quality living options and stimulate regional economic growth.
- Convenient Transportation: Located along the Hudson River, the project is just a five-minute walk from Manhattan, significantly enhancing commuting convenience and attracting high-end tenants.
- Future Outlook: With construction anticipated to begin in Q1 2026 and stabilization expected by Q1 2030, Harborside 8 will become a key component of Jersey City's skyline, driving the area's high-density development strategy.
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