National News

NewPoint provides $17.75 million bridge loan for multifamily acquisition

Somerset, NJ NewPoint Real Estate Capital’s has completed a $17.75 million bridge-to-HUD loan for Brentwood Park, a 77-unit multifamily property. This deal showcases NewPoint’s ability to deliver fast, tailored financing

Cronheim secures financing for 220,000 s/f chocolate manufacturing facility

North Canton, OH Cronheim Mortgage has arranged $5 million in leasehold financing for a single-tenant industrial facility. Allison Villamagna, Dev Morris, and Andrew Stewart placed the financing with one of Cronheim’s long-standing

Tower Capital arranges $100 million in construction financing for two Sunbelt BTR developments

Scottsdale, AZ Tower Capital arranged nearly $100 million in construction financing for the development of two Build-to-Rent (BTR) communities in Phoenix, AZ and Dallas, TX. Tower Capital’s Kyle McDonough, managing partner and co-founder

Marcus & Millichap’s IPA Capital Markets facilitates $165.9 million multifamily financing

Alexandria, VA IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI) specializing in capital markets services for major private and institutional clients, has successfully arranged $165.9 million in financing on

BKM Capital Partners & Stepstone Real Estate complete recapitalization of 748,756 s/f multi-tenant industrial property for $154 Million

Henderson, NV BKM Capital Partners (BKM), a leading real estate investment firm specializing in light industrial and logistics properties, completed the successful $154 million recapitalization of Pacific Business Center

Avatar provides $6.5 million for Oregon service station

Talent, OR Avatar Financial Group LLC (“Avatar”), a leading Seattle-based national bridge lender specializing in commercial real estate, has closed on a $6.5-million bridge loan secured by a Union 76 Travel Stop

Largo Capital, Inc. secures $12 million financing of three-property U.S. grocery portfolio

New York, NY Kevin Ross, managing director of Largo Capital, Inc., secured $12 million permanent first mortgage to finance a three-property U.S. grocery portfolio consisting of two Shaw’s and one Winn-Dixie. The properties, offering a total of 150,719 s/f of retail space,

Los Angeles buyer, ShainRealty Capital, expands Dallas footprint with “Yorktown Luxury Apartments,” acquisition for $39.5 million

Dallas, TX A 226-unit apartment complex located at 660 Yorktown Street has sold. The seller, Nuveen Real Estate, has sold the 2016-built, Class A property to ShainRealty Capital, a Los Angeles privately-owned real estate investment firm

Shawmut Design and Construction
acquires First Finish

Columbia, MD Shawmut Design and Construction, a leading $2 billion national construction management firm, has acquired First Finish, a premier full-service hotel renovation contractor, a partnership that combines expertise in large

Gibson Dunn adds real estate and data center lawyer Emily Naughton

Washington, D.C. According to Gibson Dunn, Emily Naughton has joined the firm’s Washington, D.C. office as a partner and member of the firm’s projects and infrastructure and real estate practice groups. Naughton will continue to focus