National News

Ross of Largo Capital secures $3.5 million refinancing for 12,000 s/f retail condominium

Montreal, Quebec City Kevin Ross, managing director at Largo Capital Limited, secured a permanent first mortgage to refinance the existing debt for a 12,000 s/f single tenant main floor retail condominium for $3.5 million

The Broadway Company acquires two manufactured-housing communities, Hillside Village and Sherwood Village

Long Valley, NJ The Broadway Company (TBC) has acquired two manufactured-housing communities, Hillside Village and Sherwood Village, in Northern New Jersey. Hillside Village is in Oxford, NJ, in Bergen County

Nassimi Realty acquires 100,000 s/f Joffco Square retail center for $9.25 million

Chicago, IL Nassimi Realty, a New York-based real estate development company, has acquired Joffco Square, a premier retail center located at 555 West Roosevelt Rd. for $9.25 million. The 100,000 s/f property

BLG Capital achieves LEED Platinum and BREEAM certifications for Soho House Istanbul and Peninsula Istanbul

Istanbul, TR According to BLG Capital, Soho House Istanbul and The Peninsula Istanbul have both received Leadership in Energy and Environmental Design (LEED) Platinum and Building Research Establishment Environmental

Standard Communities makes first investment in Michigan with ground up affordable community

Kalamazoo, MI Standard Communities, a leading national multifamily affordable housing investor and developer, is making its entry into Michigan, in a joint venture with River Caddis Development participating in a public private partnership creating a ground-up

Time Equities Inc. expands industrial portfolio with the acquisition of 445 Industrial Drive for $2.35 million

Ridgeway, VA Time Equities, Inc. (TEI), a full-service real estate firm with headquarters in New York City, has acquired 445 Industrial Drive (445 Industrial), an approximate 100,000-s/f industrial building in for $2.35 million

Cronheim Hotel Capital arranges local bank financing for master-leaked Motel 6 and PJ's Pancake House

Lawrenceville, NJ Cronheim Hotel Capital (CHC) arranged financing for the Motel 6 Lawrence Township, a 104-key, economy-class motel. Brandon Szwalbenest and Andrew Stewart secured the financing from a local bank lender

Ugly Dumpling joining Briarcliff Commons

Morris Plains, NJ According to Urban Edge Properties (NYSE:UE), Ugly Dumpling is opening at Briarcliff Commons in the former Harmons location. The 179,520 s/f shopping center is now 100% leased and

Merchants Capital secures $100+ million for affordable housing development

Austin, TX Leading financial services provider Merchants Capital has secured more than $100 million in debt and equity proceeds for the acquisition and rehabilitation of Travis Park Apartments, an affordable housing

Cronheim Mortgage arranges life-co financing for retail property

Hoboken, NJ Brandon Szwalbenest, Dev Morris, and Andrew Stewart secured financing for a two-tenant retail property on behalf of a prominent NJ-based real estate developer with a sizable portfolio of multifamily