National News

Heidenberg Properties acquires grocery-anchored shopping center

Paramus, NJ A joint venture partnership between Heidenberg Properties Group, Red Starr Investments, Norse Realty Group, and DAG Paramus announces the acquisition of the Paramus Park South. Paramus Park South is a 181,150 s/f shopping center anchored by

Time Equities Inc. and Lormax Stern acquire Kensington Valley Outlets

Howell, MI Time Equities, Inc. (TEI), a New York City-based international full-service real estate firm, and Michigan-based commercial real estate development firm Lormax Stern have jointly acquired an outlet center. Formerly known as Tanger Outlets

North Palisade Partners secures $55 million refinancing for new self-storage facility

Los Angeles, CA North Palisade Partners, a real estate development and investment firm specializing in logistics, industrial outdoor storage (IOS), and self-storage, has secured $55 million in refinancing for its newly delivered 3,039-unit self-storage

Hartz Mountain Industries launches leasing for The Reserve at Estuary

Weehawken, NJ Hartz Mountain Industries, a family-owned and operated real estate company, has launched the leasing at The Reserve at Estuary, a new high-end rental development situated along the Lincoln Harbor waterfront

Cronheim Mortgage secures $31 million for Walmart Supercenter anchored retail property

Burlington, NJ Cronheim Mortgage has arranged $31 million in financing for a 358,000 s/f shopping center. Brandon Szwalbenest, Dev Morris, and Andrew Stewart placed the financing with one of Cronheim's life insurance company relationships

Ross of Largo Capital arranges $14.5 million bridge loan

Richmond Hill, ON Kevin Ross, Managing Director at Largo Capital Limited, arranged a bridge loan to refinance the existing debt on a 67,500 s/f, two-story retail plaza

Delisle of Island Associates closes purchase and sale of shopping center

Dunnellon, FL Roger Delisle of Island Associates Real Estate Inc. successfully negotiated and closed the purchase and sale of the shopping center located at 11223 N. Williams Street, for a purchase price of $7.3 million

Tishman Speyer secures construction financing for 50 Hudson

Jersey City, NJ Tishman Speyer has secured full construction financing for 50 Hudson Street, the second of a two-tower development that will bring new rental apartments, activated public outdoor spaces and retail amenities to Jersey City’s waterfront

Gerace promoted to vice president at NAI DiLeo-Bram & Co.

Woodbridge, NJ Kyle Gerace has been elevated to the position of vice president at commercial real estate brokerage firm NAI DiLeo-Bram & Co. (NAIDB), where he has been instrumental to strengthening the firm’s standing as a market

Schnuckel to join CBRE as managing director of Americas retail

Dallas, TX CBRE has appointed Scott Schnuckel as managing director of Americas retail. In this role, Schnuckel will support Americas retail leader Laura Barr in executing the growth strategy for CBRE’s retail practice