National News

B+E brokers Starbucks, PNC Bank, Walgreens and Arby’s property sales

B+E, the first brokerage and technology platform for net lease real estate, announced the sale of four major properties in four different states:

Anderson of Progress Capital secures $10 million acquisition loan for 125,000+ s/f flex building

Whippany, NJ Progress Capital’s Founding Partner, Kathy Anderson secured a $10 million acquisition loan for the principals of Commerce...

ACRE provides $26.5 million to MED Developers to refinance The Lowe

Savannah, GA ACRE, a vertically integrated real estate private equity and multifamily investment firm, through the company’s newest debt fund, ACRE Credit II, has provided $26.5 million to MED Developers for the refinance of The Lowe, a newly built

Ross of Largo Capital secures $18.8 million in financing

Montreal, QC Kevin Ross of Largo Capital Limited secured financing in the amount of $18.8 million for a 337,000 s/f property. The Montreal industrial market has remained one of the hottest in North America

Cronheim secures $50 million for Tice’s Corner

Woodcliff Lake, NJ Cronheim Mortgage has secured $50 million in permanent financing for Tice’s Corner, a 120,000 s/f lifestyle shopping center. Dev Morris, Andrew Stewart, and Allison Villamagna structured the loan on a 10-year

Verada leases 5,900 s/f retail space for Rock Spot Climbing

New Haven, CT Acording to Verada, Rock Spot Climbing has signed a new 15 year lease for 5,935 s/f at 44 Olive St. The development, Olive and Wooster, features 299 residences for lease and 8,000 s/f of retail space on Olive St

Hach of Refined arranges $4.9 million mortgage for construction of spec house

Pinecrest, FL According to Refined, Joe Hach has arranged a $4,994,865 mortgage for the construction of a spec house. The proceeds covered 80% loan-to-purchase-price and 85% of hard and soft construction costs. The deal featured a competitive interest

Kalikow Group continues Southeast expansion in North Carolina

Charlotte, NC The Kalikow Group, a fourth-generation, New York development and management firm based in Westbury, NY is marking milestones on each of its three new residential projects based in North Carolina:

Shitrit of Refined arranges $812,500 in financing for multifamily property

Houston, TX According to Refined, Ariel Shitrit has recently arranged $812,500 in permanent financing for a multifamily property.

Rosewood Realty Group sells Memphis 802-unit portfolio for $33.1 million

Memphis, TN Rosewood Realty Group, a new York-based investment sales firm, has delivered the $33.1 million sale of a three property portfolio with 802 units.