Manhattan, NY Arrow Real Estate Advisors, a leading real estate finance advisory firm, has successfully arranged two separate refinancing transactions totaling $28 million for a pair of industrial properties in New Jersey and California totaling 170,801 s/f
Watchung, NJ Marcus Partners has joined with Sterling Properties and Danbro Properties in closing on Blue Hill at Watchung, a 230-unit luxury multifamily community now under construction. The project, which was entitled by Sterling and Danbro, is set on 41.8 acres and marks a significant
King of Prussia, PA Cronheim Hotel Capital (“CHC”) secured a $30.3 million loan for affiliates of Concord Hospitality to refinance the existing note on the 327 room DoubleTree. Beau Williams, senior managing director, and Drew Gilligan, director, arranged the loan
Brooksville, FL Roger Delisle and Robert Monahan of Island Associates successfully negotiated two lease agreements for Sunrise Plaza Brooksville Florida. DRMP Engineers entered a lease agreement for 3,000 s/f of space for their field office as they work
Québec, QC Kevin Ross, managing director at Largo Capital Limited, secured a permanent first mortgage for three parcels of the Mega Centre Lebourgneuf. This power center is occupied by national retailers and shadow anchored by major big-box stores. The property
Hackettstown, NJ Cronheim Mortgage (“Cronheim”) has secured $27.917 million from a national life insurance company to capitalize the acquisition of Woodmont Liberty, a 120-unit, Class-A multifamily asset. The seven-year, non-recourse financing attractively
Knoxville, TN Cronheim Hotel Capital (“CHC”) has secured $39 million for the construction of the AC Hotel Knoxville Downtown. The financing provides up to 75% of the total project costs on a non-recourse basis and incorporates a creative CPACE
Clifton & Nutley, NJ Prism Capital Partners has secured three key redevelopment plan approvals from the City of Clifton and Township of Nutley for its mixed-use ON3 campus. Together, the milestones pave the way for the construction of up to 1,074 multifamily units
Fairfield, CA BH Properties, a vertically integrated, value-add real estate investment firm, has acquired a dual-building, multi-tenant retail center located at 1370–1380 Holiday Lane, directly adjacent to Interstate 80. The acquisition expands the firm
Hasbrouck Heights, NJ Cronheim Hotel Capital (CHC) has secured $19.5 million to refinance the Hasbrouck Heights Hilton. The financing was secured from a bank and provided the sponsor cash out proceeds, a floating rate with a spread in the mid-200’s and no prepayment
