Category: Outside The Region

Square Mile Capital, Bank OZK originate $160 million of construction financing for industrial development

Square Mile Capital, Bank OZK originate $160 million of construction financing for industrial develo...

January 31, 2023
Goodyear, AZ Square Mile Capital Management LLC (“Square Mile Capital”) has originated a $160 million loan to finance the ground-up development of Goodyear AirPark Phase One, an approximately 1,625,586 s/f industrial complex under construction. The loan, which was co-originated with Bank OZK, was made to a joint venture between LPC Desert West, the Southwest division of Lincoln
Pierson Commercial announces two executive promotions

Pierson Commercial announces two executive promotions

January 31, 2023
Marlboro, NJ Pierson Commercial, a leading retail-focused commercial real estate brokerage and advisory services firm with offices in New Jersey and New York City, has named long-time team members Gregg Medvin to executive vice president and
Rosewood Realty Group sells Atlantic City multi-family building

Rosewood Realty Group sells Atlantic City multi-family building

January 31, 2023
Atlantic City, NJ Rosewood Realty Group has completed the sale of two contiguous buildings consisting of 24 apartments for $1.725 million. Rosewood Realty Group's Greg Corbin and Felix Ades represented
Perlman of Largo Group secures two refinances totaling $43 million

Perlman of Largo Group secures two refinances totaling $43 million

January 31, 2023
Ned Perlman, vice president of Originations at The Largo Group of Companies, has secured and arranged two refinances totaling $43 million. Perlman arranged $30 million to refinance an 11-property multifamily
Gebroe-Hammer Associates arranges sale of mixed-use building in Elizabeth, NJ

Gebroe-Hammer Associates arranges sale of mixed-use building in Elizabeth, NJ

January 31, 2023
Elizabeth, NJ Gebroe-Hammer Associates’ executive vice president Stephen Tragash has arranged the sale of 1139 East Jersey St., a six-story, 45,000 s/f mixed-use building, for an undisclosed price. The firm’s Union County market
Berkadia secures programmatic equity for Sterling Group apartment communities recapitalization

Berkadia secures programmatic equity for Sterling Group apartment communities recapitalization

January 31, 2023
Berkadia has secured programmatic equity from a global institutional investor to finance Indiana-based The Sterling Group’s recapitalization of three apartment communities located in North Carolina, South Carolina and Tennessee. Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt of Berkadia JV
Lynx Mortgage Bank LLC is now licensed in FL

Lynx Mortgage Bank LLC is now licensed in FL

January 31, 2023
Lynx Mortgage Bank LLC in now licensed in the state of Florida. Since 2004, Lynx has been a direct conventional and FHA HUD-approved lender, proudly serving the State of New York. Lynx is excited to bring their superior service and “no surprises
Cleeman Realty Group completes sale of Audubon Plaza in Owensboro, KY

Cleeman Realty Group completes sale of Audubon Plaza in Owensboro, KY

January 17, 2023
Owensboro, KY Cleeman Realty Group has arranged the sale of Audubon Plaza. The 62,924 s/f center was 89% occupied at closing. The property is anchored by national retailers Ollie’s Bargain Outlet and Rent-A-Center
NJEDA create two new real estate programs to support construction and film infrastructure

NJEDA create two new real estate programs to support construction and film infrastructure

January 17, 2023
Trenton, NJ The New Jersey Economic Development Authority (NJEDA) Board approved the creation of two new real estate pilot programs – the Film & Digital Media Studio Infrastructure Program and the Construction Inflation
LPC breaks ground on first project in Phoenix

LPC breaks ground on first project in Phoenix

January 17, 2023
Phoenix, AZ Logistics Property Company, LLC (LPC), a rapidly growing industrial real estate developer, investor, and manager in North America, began construction on Palm Gateway Logistics Center, a 4-building logistics
Gebroe-Hammer Associates reports $1.47+ billion in multifamily sales for 2022 and optimism for healthy apartment investing growth in 2023

Gebroe-Hammer Associates reports $1.47+ billion in multifamily sales for 2022 and optimism for healt...

January 17, 2023
Livingston, NJ With many schools of thought on the current and future state of the economy swirling, one thing remains clear for 2023: multifamily assets have been and will continue to demonstrate stability during this period of normalization, according to the multifamily-focused investment brokerage
Western Specialty Contractors, KBS to complete curtain wall restoration at 42-story mixed-use tower in Chicago

Western Specialty Contractors, KBS to complete curtain wall restoration at 42-story mixed-use tower ...

January 17, 2023
Chicago, IL Western Specialty Contractors – Chicago Facades Branch and KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, are completing the restoration of a curtain wall
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