Category: Outside The Region
Cronheim secures $50 million for Tice’s Corner
May 16, 2023
Woodcliff Lake, NJ Cronheim Mortgage has secured $50 million in permanent financing for Tice’s Corner, a 120,000 s/f lifestyle shopping center. Dev Morris, Andrew Stewart, and Allison Villamagna structured the loan on a 10-year
Verada leases 5,900 s/f retail space for Rock Spot Climbing
April 25, 2023
New Haven, CT Acording to Verada, Rock Spot Climbing has signed a new 15 year lease for 5,935 s/f at 44 Olive St. The development, Olive and Wooster, features 299 residences for lease and 8,000 s/f of retail space on Olive St
Hach of Refined arranges $4.9 million mortgage for construction of spec house
April 25, 2023
Pinecrest, FL According to Refined, Joe Hach has arranged a $4,994,865 mortgage for the construction of a spec house. The proceeds covered 80% loan-to-purchase-price and 85% of hard and soft construction costs. The deal featured a competitive interest
Kalikow Group continues Southeast expansion in North Carolina
April 25, 2023
Charlotte, NC The Kalikow Group, a fourth-generation, New York development and management firm based in Westbury, NY is marking milestones on each of its three new residential projects based in North Carolina:
Shitrit of Refined arranges $812,500 in financing for multifamily property
April 25, 2023
Houston, TX According to Refined, Ariel Shitrit has recently arranged $812,500 in permanent financing for a multifamily property.
Rosewood Realty Group sells Memphis 802-unit portfolio for $33.1 million
April 25, 2023
Memphis, TN Rosewood Realty Group, a new York-based investment sales firm, has delivered the $33.1 million sale of a three property portfolio with 802 units.
FreezPak Logistics, BG Capital partnership set to develop 30-acre parcel outside Houston, TX
April 25, 2023
Houston, TX The newly created strategic partnership between Philadelphia-based BG Capital and NJ-based FreezPak Logistics announce the acquisition and planned development of their second new construction cold-storage facility as part of their effort to build a network of cold storage distribution
Urban Edge Properties signs UFC FIT Club to 16,000+ s/f lease at The Plaza at Woodbridge
April 25, 2023
Woodbridge, NJ Urban Edge Properties (NYSE:UE) announced that a first-to-market fitness experience, UFC Fitness, is coming to The Plaza at Woodbridge. This new 16,810 s/f gym will be a UFC FIT Club, designed to showcase the best of what UFC Gym has to offer in terms of facilities
Cronheim secures $17.6 million pre-stabilized permanent financing for 92 units in FL
April 25, 2023
Cronheim Mortgage has secured permanent financing for two newly-developed luxury multifamily communities in Florida: Aviara Green and the Aviara Lake Worth. Andrew Stewart, Allison Villamagna, and Dev Morris secured the financing on behalf of subsidiaries of MAG Real Estate & Development, a full-service development
JLL arranges $290 million refinancing for Whole Foods- and Target-anchored retail center
April 25, 2023
Paramus, NJ JLL’s Capital Markets has arranged $290 million in refinancing for Bergen Town Center, a one-million s/f shopping center anchored by Whole Foods and Target. JLL exclusively represented the borrower, Urban Edge Properties, to secure the loan through New York Life
Faropoint acquires two last mile industrial buildings totaling 113,979 s/f for $28.3 million
April 25, 2023
Hoboken, NJ Faropoint, a leading real estate investment firm focused on last-mile industrial properties in high population growth markets, has completed the acquisition of two Class B industrial properties totaling 113,979 s/f for $28.3 million. The buildings are located in the Ridgefield submarket in the Meadowlands, and are occupied by Biazzo
Feintuch of Refined arranged $3.9+ million closing for the acquisition of an owner-occupied office b...
April 25, 2023
Fort Lauderdale, FL Refined is pleased to announce Alec Feintuch recently arranged the successful closing of a $3.9792 million commercial mortgage for the acquisition of an owner-occupied office building. The mortgage was secured at an interest rate in the 6% range with a 25-year amortization
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