National News

Faropoint acquires two industrial parks in northern New Jersey for $144.5 million

Hoboken, NJ Faropoint has acquired industrial parks in Allendale and Mahwah totaling 770,064 s/f. The industrial centers, located in the North Bergen County submarket, were acquired for a combined $144.5 million.

Colliers Mortgage adds Lee and Yazdi as it expands its West Coast presence

Los Angeles, CA Colliers Mortgage, the debt financing arm of Colliers | U.S., appointed industry veterans Jonathan Lee and Shahin Yazdi as executive managing directors in the firm’s local office to expand its West Coast presence.

Spectorgroup opens Miami office

Miami, FL Spectorgroup has opened its office in the Central Business District. For more than 50 years, the New York-based firm has shaped the built environment for projects that intersect all markets, including commercial, workplace, financial,

Landau Props. begins sales for Indian Creek Residences & Yacht Club

Miami, FL Landau Properties have begun sales for Indian Creek Residences & Yacht Club on Bay Harbor Islands. The boutique building offers nine condominium homes and six yacht slips, providing one of the only private yacht

CrownPoint Group acquires 14.5-acre development site - plan 125-unit apartments and townhomes

Randolph, NJ CrownPoint Group Inc. (CrownPoint) has acquired a +14.5-acre development site for an undisclosed price that is fully approved for multifamily development in the Morris County township. Located at the intersection of West Hanover Ave.

Ensemble/Mosaic obtains investment for Philadelphia Navy Yard project from Basis Investment Group

Philadelphia, PA Ensemble Investments (Ensemble) and Mosaic Development Partners (Mosaic), in partnership with Korman Communities (Korman), have secured and completed debt and equity financing for the first residential project at the Navy Yard.

Aircuity introduces adaptive airflow application for cleanrooms

Norwood, MA Aircuity, the global leader in creating healthy and sustainable buildings announced the launch of its cleanroom application that delivers adaptive airflow for cleanrooms allowing for carbon reduction,

United Properties Corp. purchase 120,000+ s/f retail shopping center

Atlanta, GA Long Island-based United Properties Corp. has recently expanded its Georgia footprint by completing the purchase of Acworth Crossing, a 120,829 s/f retail shopping center. Acworth Crossing hosts a national and regional tenant roster including Crunch Fitness

Progress Capital arranges $30 million construction loan for Jersey City multifamily development

Jersey City, NJ Brad Domenico, Partner at Progress Capital, a leading CRE mortgage advisory firm, has successfully secured a $30 million construction loan for the development of a 155-unit multifamily property situated along Communipaw

Delisle of Island Associates closes purchase and sale of 60,000+ s/f shopping center

Leesburg, FL Roger Delisle of Island Associates Real Estate Inc. successfully negotiated and closed the purchase and sale of the shopping center located at 27405 US Highway 27,for a purchase price of $6.262 million