National News

Clear Investment Group acquires Marbury Plaza in Washington, D.C.

Washington, D.C. Clear Investment Group (“Clear”) has acquired 681-unit Marbury Plaza. The property, once home to notable residents including Isaac Hayes, will undergo a transformative rebranding to become Langston Views, a name that reflects

Cronheim Mortgage finances industrial/flex building

New Providence, NJ Cronheim Mortgage secured a $5.85 million for an industrial flex building. Cronheim originally financed the property in 2014 for the borrower, RC-Central Ave Associates, L.L.C. The 2024 financing was structured on a 10/20 basis

TruAmerica Multifamily hires Ted Egner, Ben Finley and Stuart Cramer

Los Angeles, CA TruAmerica Multifamily, one of the nation’s leading multifamily investment firms, has expanded its flagship team and business lines, along with the significant launch of a new Affordable Housing vertical

Gottesman Real Estate Partners appoints Zachary Levine as vice president

strong>Tham, NJ Gottesman Real Estate Partners, a family owned and operated real estate company, has hired Zachary Levine as vice president, according to Andy Gottesman, company CEO. Levine will assist in overseeing the firm’s four-state portfolio

Bayport Funding provides $1.675 million ground-up construction loan for Paterson multifamily property

Paterson, NJ Bayport Funding, a direct private bridge lender for real estate developers, has closed a $1.675 million ground-up acquisition and construction loan to refinance an 11-unit, three-story multifamily property on Governor Street

Cleeman Realty Group facilitates $7.1 million sale of net-leased tops supermarket

Erie, PA Cleeman Realty Group completed the sale of a net-leased Tops supermarket property for $7.1 million. The property, encompassing 77,000 s/f on approximately 8.8 acres, is strategically located between Cleveland, Ohio, and Buffalo, New York

Ross of Largo Capital secures $6 million permanent first mortgage refinancing

Longueuil, QC Kevin Ross, managing director at Largo Capital Limited secured a permanent first mortgage to refinance the existing debt on a fully occupied medical office building. The subject property is comprised of 26,000 s/f of rentable

Largo Capital, Inc. secures $12 million financing of three-property U.S. grocery portfolio

New York, NY Kevin Ross, managing director of Largo Capital, Inc., secured $12 million permanent first mortgage to finance a three-property U.S. grocery portfolio consisting of two Shaw’s and one Winn-Dixie. The properties, offering a total of 150,719 s/f of retail space,

Los Angeles buyer, ShainRealty Capital, expands Dallas footprint with “Yorktown Luxury Apartments,” acquisition for $39.5 million

Dallas, TX A 226-unit apartment complex located at 660 Yorktown Street has sold. The seller, Nuveen Real Estate, has sold the 2016-built, Class A property to ShainRealty Capital, a Los Angeles privately-owned real estate investment firm

Shawmut Design and Construction
acquires First Finish

Columbia, MD Shawmut Design and Construction, a leading $2 billion national construction management firm, has acquired First Finish, a premier full-service hotel renovation contractor, a partnership that combines expertise in large