National News

JLL acquires MVS

Chicago, IL JLL has acquired Metropolitan Valuation Services (MVS), one of the largest independent commercial property appraisal and real estate consulting firms in the greater New York metropolitan area.

Faropoint sells portfolio of 109 last-mile warehouses for $481 million

Philadelphia, PA Faropoint, a leading real estate investment firm, has completed the sale of 109 last-mile logistics buildings to a private buyer for $481 million. The portfolio consists of 6.8 million s/f of warehouse space largely concentrated in Atlanta, Philadelphia, Houston and Memphis.

JLL Capital Markets arrange the construction loan for a Class A warehouse and distribution building in South Plainfield

South Plainfield, NJ JLL Capital Markets has arranged a $25 million construction loan for Bridge Point South Plainfield, an under construction, 189,059 s/f, Class A warehouse and distribution

Axiom Capital funds single tenant retail store in Boca Raton, FL

Boca Raton, FL Axiom Capital Corp. has structured and arranged a $8.475 million permanent loan (10-year loan, fixed rate, non-recourse) for the acquisition of a single tenant retail

JLL Capital Markets arrange acquisition financing for 66,000 s/f industrial building

Paterson, NJ JLL Capital Markets has arranged acquisition financing for a fully leased, 66,000 s/f light industrial building with nearly an acre of outdoor storage space.

Crystal Windows provides US Navy with 95 new windows at Point Loma Naval Base

San Deigo, CA An important classified facility at the Point Loma Naval Base is sporting new windows as it overlooks the Pacific Ocean. The building, which has been described as a modern day “technical lighthouse” for US Navy ships

Carswell of Largo arranges $10.54 million in acquisition financing for industrial buildings

Mountainside, NJ Dave Carswell, managing director at Largo Capital, arranged $10.53 million in acquisition financing for a pair of industrial buildings. The properties consist of 80,000 s/f and are situated on 9 acres directly off U.S. Route 22.

Rosewood Realty complete $24 million multifamily sale in Lexington, KY

Lexington, KY Rosewood Realty Group has completed the $24 million sale of a 181-unit 17-building multifamily apartment complex, Saddlebrook at Tates Creek. Rosewood’s senior broker Jay Weiner

G.S. Wilcox & Co. arranges $60 million in financing for Print House

Hackensack, NJ G.S. Wilcox & Co. has arranged $60 million in financing for Print House, a 271-unit luxury apartment building. The 10-year term loan was arranged by president Gretchen Wilcox

Ariel arrange $25 million in loans across four states

Various Locations, USA Ariel Property Advisors has arranged $25 million in loans for seven properties across Ohio, Texas, Indiana and New York. The financings include an industrial complex, two multifamily