National News

Kasowitz gets dismissal of lawsuit against developer of American Dream Mall

East Rutherford, NJ Kasowitz, on behalf of the developer of the American Dream mall and its affiliates (the American Dream defendants), has secured the dismissal of state litigation brought by the project’s successor junior

BLDG Management and Metrovest Equities acquire Lake Tahoe beachfront hotel in expansion of Gurney’s Resorts portfolio

South Lake Tahoe, CA BLDG Management and Metrovest Equities have acquired the Beach Retreat & Lodge, a four-season, destination hotel, as part of an expansion strategy for the Gurney’s Resorts brand. Gurney’s Lake Tahoe is expected to

GFI Realty Services arranges $96 million refinance loan for University City multifamily asset

Philadelphia, PA GFI Realty Services announced the closing of a $96 million refinance loan for 4701 Pine Street, a multifamily development located in University City. The financing was arranged by Daniel Lerer

Bradford Allen’s Ben Azulay elected to TCN Worldwide Board of Directors

Chicago, IL Bradford Allen, a national full-service real estate firm, today announced Ben Azulay, president of brokerage services, has been elected to the Board of Directors of TCN Worldwide Real Estate Services, a consortium of independent

Madore of Largo Capital arranges $5 million refinancing

Paris, TX Patrick Madore of Largo Capital, Inc. arranged a $5 million permanent first mortgage to refinance the existing debt secured by two single-tenant retail CVS properties located in Paris, TX

Ross of Largo Capital arranges $24.5 million refinance loan

Toronto, ON Kevin Ross of Largo Capital Limited, arranged a $24.5 million loan to refinance the existing debt on a strategically located industrial property in Toronto’s west end. The property is a total of 130,000

Bounce Air Adventure Park coming to Rutgers Plaza in Franklin Township

Franklin Township, NJ A new experiential tenant is coming to Rutgers Plaza with the addition of Bounce Air Adventure Park, an indoor play destination designed to provide families with a vibrant and exciting

Arrow Real Estate Advisors arranges $103 million bridge loan for Buccini Pollin Group’s continued redevelopment of The Standard

Wilmington, DE Arrow Real Estate Advisors, a leading real estate finance advisory firm, has arranged $103 million in total financing for the refinance and continued redevelopment of The Standard, a premier 734,422 gross square foot

NAIOP’s President’s Awards and Hall of Fame Reception

The event was the key portion of NAIOP’s President’s Awards and Hall of Fame Reception. Mr. Lieb had been previously honored twice before at NAIOP NJ’s annual Gala

Cronheim Secures $17.8 million financing for grocery-anchored shopping center

Jersey City, NJ Cronheim Mortgage has arranged $17.8 million in financing for Old Colony Square, a 100,760 s/f grocery-anchored shopping center. The loan, structured with a 5-year term, 30-year amortization, and a fixed