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Perlman of Largo Real Estate secures $11.6 million in financing for multifamily property
August 27, 2024
Buffalo, NY Ned Perlman of Largo Real Estate Advisors, Inc., secured construction/renovation financing for a former nursing home that will be transformed into an upscale 84-unit multifamily property with luxury
Manhattan office visitations echo record-highs to close out July
August 27, 2024
Manhattan, NY The Real Estate Board of New York (REBNY) released its latest monthly analysis of Placer.ai location data in 350 Manhattan office buildings for July. This report tracks mobile data of office tenants and their employees, and, where applicable
Unilever leases 111,000 s/f for its U.S. headquarters at SJP’s waterfront corporate center I
August 27, 2024
Hoboken, NJ In one of the largest Northern New Jersey office leases of the year, Unilever (NYSE: UL), the world’s sixth largest consumer goods company, has selected SJP Properties’ Waterfront Corporate Center I for its U.S. Headquarters
BH Properties acquires premier 405,250 s/f mixed-use hazard center
August 27, 2024
San Diego, CA BH Properties (“BH”), a vertically integrated, value-add real estate investment company, continues its streak of acquisitions with the purchase of Hazard Center, a 405,250 s/f mixed-use campus. Terms of the transaction
Cronheim Mortgage secures $44.5 million for cash-out residential refinances
August 27, 2024
Bethlehem, PA Cronheim Mortgage has secured $44.5 million to refinance two garden-style residential complexes. The cash-out transaction offered an opportunity for the sponsor, Larken Associates, to harvest equity for other development projects
TerraCRG announces 10th Annual Only Brooklyn. Real Estate Conference
August 27, 2024
Brooklyn, NY According to TerraCRG, the Only Brooklyn commercial real estate brokerage and advisory firm, the 10th Annual Only Brooklyn Real Estate conference will be held on September 19th, 2024,
TruAmerica acquires 300-unit multifamily property
August 27, 2024
Plano, TX TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, acquired Sheridan Park at Spring Creek Apartments, a 300-unit multifamily property. The transaction purchase price, comprised of $50.3 million, includes the building
KIPP DC relocates headquarters to Carr Properties’ Signal House
August 27, 2024
Washington, DC According to Carr Properties (“Carr”), an owner, operator, and developer of commercial office and residential properties, KIPP DC, a community of public schools, signed an approximately 16,000 s/f, long-term lease at Signal House, an office building located
BKM Capital Partners acquires 9-building industrial property for $17.4 million
August 27, 2024
Tempe, AZ BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has completed the $17.4-million acquisition of Ash Business Center, an 89,728 s/f small-bay industrial facility. The deal represents BKM’s 100th acquisition since its inception a decade ago
Simi Capital Group acquires a $2.78 million industrial property
August 27, 2024
Charlotte, NC Simi Capital Group, a real estate investment firm focused on various equity and debt strategies, has acquired an industrial property for $2.78 million. This transaction adds to Simi Capital's expanding national portfolio, and marks entrance to a seventh state
Harrison joins NAI DiLeo-Bram & Co. as vice president
August 27, 2024
Woodbridge, NJ NAI DiLeo-Bram & Co. (NAIDB) has added to its brokerage team with the appointment of Jennifer Harrison to the role of vice president. An industry veteran with over 20 years of experience, Harrison will focus on retail leasing and sales as well as investment
Bayport Funding provides $5.2 million acquisition and construction loan for new multifamily property...
August 27, 2024
Fort Lee, NJ Bayport Funding, a direct private bridge lender for real estate developers, has closed a $5.2 million loan for the acquisition of a development plot and the construction of a new multifamily property on the site. The borrower is developing
Cronheim Hotel Capital secures $14.6 million for construction of TownePlace Suites
August 27, 2024
Lyndhurst, NJ Cronheim Hotel Capital (CHC) has secured $14.6 million for the construction of the 128-key TownePlace Suites. The loan was placed with a local bank.
Hospeco Brands Group celebrates ISSA’s Summit Award from ASAE for End Period Poverty Campaign
August 27, 2024
Cleveland, OH According to Hospeco Brands Group, ISSA’s End Period Poverty campaign is being honored by the American Society of Association Executives (ASAE) with the highest honor for associations, the Power of Associations Summit Award. Fighting period poverty
Capstone has closed the sale of Madison Apartments
August 27, 2024
Fort Madison, IA Capstone has closed the sale of Madison Apartments, a 57,860-sf multifamily property located at 3421 Avenue N. Josh Benard of Capstone brokered the transaction
SCALE Lending issues $75 million bridge loan for a multifamily development
August 27, 2024
Little Ferry, NJ SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $75 million bridge loan for Capodagli Property Company, a family-owned New Jersey-based real estate development and management firm founded by George Capodagli
Rosewood Realty Group brokers the sale of a 184,411 s/f mixed use building
August 27, 2024
Brooklyn, NY Rosewood Realty Group has brokered the sale of a mixed use building consisting of 123 apartments and 5 commercial spaces. The seven story elevator building at 275 Park Ave., was build in 1920 and renovated in 2024. The 184,411 s/f building sold