National News

Cleeman Realty Group facilitates $7.1 million sale of net-leased tops supermarket

Erie, PA Cleeman Realty Group completed the sale of a net-leased Tops supermarket property for $7.1 million. The property, encompassing 77,000 s/f on approximately 8.8 acres, is strategically located between Cleveland, Ohio, and Buffalo, New York

Ross of Largo Capital secures $6 million permanent first mortgage refinancing

Longueuil, QC Kevin Ross, managing director at Largo Capital Limited secured a permanent first mortgage to refinance the existing debt on a fully occupied medical office building. The subject property is comprised of 26,000 s/f of rentable

Levin Management achieves near-record leasing, historic construction volume in 2024

North Plainfield, NJ Illustrating the sustained resiliency of open-air retail product and the fundamental connection between property reinvestment and dealmaking success, Levin Management Corporation (LMC) achieved near-record leasing activity

Accordia announces brisk leasing activity across North Jersey and Rockland County, N.Y.

Fairfield, NJ According to Accordia, it has closed three lease transactions across two states. Strategic Family Wealth, signed a long-term renewal for 6,900 s/f at Greenbrook Executive Center

Rockaway Holding Group signs 124,556 s/f lease to open major donut manufacturing facility

Rockaway, NJ According to Savills, Rockaway Holding Group, LLC has signed a 15-year lease for 124,556 s/f at 25 Green Pn. The facility will become one of largest donut manufacturing facilities in North America

BKM Capital Partners acquires West Belt Business Park for $34.1 million

Houston, TX BKM Capital Partners (BKM), a vertically integrated institutional fund manager specializing in value-add light industrial properties, has acquired the West Belt Business Park for $34.1 million. The 260,887

Avatar Financial Group LLC provides $56-million loan for redevelopment project

Boulder, CO Avatar Financial Group LLC (“Avatar”), a leading Seattle-based national bridge lender specializing in commercial real estate, has provided a $56-million loan that will help to bring Williams Village, one of the largest

Cronheim Hotel Capital secures $18.2 million for the Aloft Hotel

Newport, KY Cronheim Hotel Capital (CHC) has secured $18.2M for the acquisition of the Aloft Hotel, directly across the Ohio River from downtown Cincinnati. The financing was originated with a regional bank and provided attractive

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