National News

Cronheim secures $6 million permanent financing for 74-unit mid-rise apartment building

Hackensack, NJ Cronheim Mortgage has arranged $6 million of long-term financing for the Grand Imperial Apartments, a 74-unit mid-rise apartment building. Andrew Stewart, Dev Morris, and Allison Villamagna placed the loan with Farm Bureau Life Insurance Company

Silber Investment Properties opens
new office in La Jolla

La Jolla, CA Silber Investment Properties (SIP), a Long Island-based commercial real estate brokerage firm, has expanded with the opening of their newest office. The brokerage firm’s new West Coast base of operations, located at 875 Prospect St.

JLL has arranged the sale of three seniors housing communities

Wildwood, MO JLL Capital Markets has arranged the sale of three seniors housing communities across the St. Louis and Kansas City MSA’s. The communities are located in Wildwood, MO, Town & Country, MO and the Burlington Creek area of Kansas City, MO, and were acquired as a three-property portfolio by a venture

BDP Holdings LLC and JLL to build 130,000 s/f office development

Montclair, NJ BDP Holdings LLC, a New Jersey based real estate investment company specializing in the acquisition, development and repositioning of real estate, and JLL have launched The Iris, a new, ground-up 130,000 s/f office

Marcus & Millichap’s IPA Capital Markets Division expands into Canada

Toronto, ON According to IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), Jeff Wagner joins as senior managing director, capital markets in Toronto. Wagner has over 20 years of commercial real estate experience

DIGroup Architecture promotes Haas and Koehler

New Brunswick, NJ DIGroup Architecture has appointed Kate Haas and Debbie Koehler to the role of associate in a move that deepens the firm’s leadership team and reflects its continued growth and empowerment of women. The appointment

Crow Holdings, Elmwood Park celebrate 25 Market St. grand opening

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

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

Logistics Property Company appoints Kindlon as executive vice president - head of asset management

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

Coscia of Largo Capital, Inc. secured a permanent first mortgage to refinance a Ramada by Wyndham Hotel

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