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AXSYS Capital completes initial closing of its premier AXSYS Capital Fund I, LP
February 27, 2024
Libertyville, IL AXSYS Capital has completed anl initial closing of its premier AXSYS Capital Fund I, LP. The fund will focus on acquiring medical office buildings (MOBs) across the Midwest over the next 6-12 months, including
Crow Holdings, Elmwood Park celebrate 25 Market St. grand opening
March 7, 2024
Elmwood Park, NJ Mayor Robert Colletti, local dignitaries and community stakeholders joined Crow Holdings Development (CHD) to celebrate the grand opening of 25 Market St. A ribbon cutting ceremony for CHD’s new, 207,000 s/f, class A commercial building marked a new beginning for the site
Cronheim secures $17.5 million life insurance company financing for grocery-anchored retail
March 7, 2024
East Windsor, NJ Cronheim Mortgage has arranged $17.5 million for the financing of two grocery-anchored shopping centers: Town Center in East Windsor and Garwood Mall in Garwood. Andrew Stewart, Dev Morris, and Allison Villamagna secured the financing on behalf of a New Jersey-based real estate firm specializing in the development
CBRE arranges 35,384 s/f sublease at 245-249 West 17th St.
March 7, 2024
Manhattan, NY CBRE has completed the 35,384 s/f sublease at 245-249 West 17th St. MoneyLion Inc. (NYSE: ML), a leader in financial technology powering the next generation of personalized products and content, subleased
JLL Capital markets brokers sale of six-story walk-up at 211 West 85th St
March 7, 2024
Manhattan, NY JLL Capital Markets has completed the sale of 211 West 85th St., a six-story, primarily market-rate walk-up building situated between Broadway and Amsterdam Ave. on the Upper West Side. JLL represented the seller, a long-time private
Marcus & Millichap closes $41 million mixed-use portfolio sale
March 7, 2024
Manhattan, NY Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the $41.15 million sale of a five-building, 79-unit mixed-use portfolio
Commercial Classroom: Commission Challenges - by Edward Smith, Jr.
March 12, 2024
Our goal as brokers and agents is to be appropriately compensated for the skills that we bring to the transaction. In simple terms, to be paid a full commission for completing a sale or lease of property. At the point of signing a listing or a tenant/buyer representation agreement is when your commission
Coscia of Largo Capital, Inc. secured a permanent first mortgage to refinance a Ramada by Wyndham Ho...
March 6, 2024
Venice, FL Kevin Coscia of Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a 146-room Ramada by Wyndham Hotel. The five-year, fixed-rate loan will be amortized for 25 years with flexible prepayment. The property features an outdoor pool, fitness center, 24-hour lobby pantry
Logistics Property Company appoints Kindlon as executive vice president - head of asset management
March 6, 2024
Chicago, IL Logistics Property Company, LLC has appointed Lindsay Kindlon as executive vice president - head of asset management. Kindlon will be based out of the company’s Chicago headquarters. She will be responsible for partnering with the Logistics Property Company team
Cushman & Wakefield arranges $75m in const. financing for 255 East 39th St. on behalf of Brause and ...
March 6, 2024
Manhattan, NY Cushman & Wakefield served as the exclusive advisor to Brause Realty Inc. and Lonicera Partners LLC in the procurement of $75 million in construction financing for 255 East 39th St., a Class A mixed-use development located in Murray Hill
BKM Capital Partners acquires Canyon Industrial Center in San Diego for $70 million
February 27, 2024
San Diego, CA BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has acquired the Canyon Industrial Center for $70.2 million. The multi-tenant industrial park is located in San Diego’s Kearny Mesa submarket. Situated at 9424-9560 Chesapeake Dr., Canyon Industrial Center
McGrath of GFP Real Estate signs Cohen Fashion Optical to five-year lease extension at 767 Lexington...
March 6, 2024
Manhattan, NY According to GFP Real Estate, LLC, Cohen Fashion Optical, an optical retailer headquartered in New York City featuring fashion products such as eyeglasses, frames and sunglasses, lenses, contact lenses and accessories, signed a five-year lease
JLL arranges $395M in financing for 70 Pine St.
March 6, 2024
Manhattan, NY JLL’s Capital Markets group has secured the $395 million refinancing of 70 Pine St., a 66-story, mixed-use property with luxury multi-housing rental, retail and hotel space located in the Financial District. The property was built in 1932 originally for office use, and at the time
JLL Capital Markets arranges $27 million loan to refinance 53 Broadway
March 1, 2024
Brooklyn, NY JLL Capital Markets has closed on a $27 million loan to refinance 53 Broadway, a 74-unit multi-housing property in the Williamsburg neighborhood. JLL represented Broadway Brooklyn Acquisition, LLC, securing a five-year
NAI DiLeo-Bram & Co. signs three new vein center office leases
March 1, 2024
Woodbridge, NJ Two separate vein centers have leased more than 11,200 s/f of office space across three separate buildings in New Jersey’s Mercer, Morris and Middlesex counties under a series of recent lease agreements arranged by NAI
Reynolds Asset Management acquires two multi-family properties in Texarkana with joint venture
March 1, 2024
Texarkana, TX Continuing its growth in the Sun Belt, New Jersey-based Reynolds Asset Management (Reynolds) acquired two multi-family properties. The 360-unit acquisition, totaling $23 million, is a joint venture with Jeff Juster’s Newport
Cleeman sells Park Plaza Shopping Center for $10.3 million
February 27, 2024
Chalmette, LA Cleeman Realty Group has completed the $10.3 million sale of Park Plaza Shopping Center, a Winn Dixie anchored retail center located at 3300 Paris Rd. The property sits on 4.76 acres and consists of 99,238 s/f. The property was 100%
Savers Value Village expands presence with 25,688 s/f lease in Orange, CA
February 27, 2024
Orange, CA Savers Value Village Inc., a publicly held, for-profit thrift store retailer, has expanded its Orange County presence with a lease of 25,688 s/f in the Santiago Hills Shopping Center. Located at 8520 E. Chapman Ave., this location will give the Bellevue
Tower Capital expands structured CRE finance team with addition of Harris
February 27, 2024
Scottsdale, AZ Tower Capital, a leading capital advisor in CRE financing, is expanding its team with the addition of Geoffrey Harris, a veteran of commercial real estate finance. The growth allows the firm to continue arranging financing for clients
Realterm acquires three Yellow Corporation terminals
February 27, 2024
Annapolis, MD Realterm, a global specialist in transportation-advantaged logistics real estate, has completed the acquisition of three IOS truck terminals, totaling 163 doors. Located in Boston, Philadelphia and Providence, the properties