National News

Nassimi Realty acquries two shopping centers totaling 400,000 s/f

Waukegan, IL Nassimi Realty, a New York-based real estate development company, has successfully acquired two retail properties: Lake Plaza in the Chicago area at 2702 Belvidere Rd., Waukegan, IL, and Hillcrest Shopping Center in the Pittsburgh area,, PA, located minutes

Capstone has closed the sale of Madison Apartments

Fort Madison, IA Capstone has closed the sale of Madison Apartments, a 57,860-sf multifamily property located at 3421 Avenue N. Josh Benard of Capstone brokered the transaction

Delisle of Island Associates Real Estate completes sale of 12.5 acre vacant land

Marion Oaks, FL Roger Delisle of Island Associates Real Estate Inc. successfully negotiated and closed the purchase and sale of 12.5+/- acres of vacant land located next to 184 Marion Oaks Blvd. The land is adjacent to Marion Oaks Plaza which is a 10+ acre site containing

SCALE Lending issues $75 million bridge loan for a multifamily development

Little Ferry, NJ SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $75 million bridge loan for Capodagli Property Company, a family-owned New Jersey-based real estate development and management firm founded by George Capodagli

Hospeco Brands Group celebrates ISSA’s Summit Award from ASAE for End Period Poverty Campaign

Cleveland, OH According to Hospeco Brands Group, ISSA’s End Period Poverty campaign is being honored by the American Society of Association Executives (ASAE) with the highest honor for associations, the Power of Associations Summit Award. Fighting period poverty

Cronheim Hotel Capital secures $14.6 million for construction of TownePlace Suites

Lyndhurst, NJ Cronheim Hotel Capital (CHC) has secured $14.6 million for the construction of the 128-key TownePlace Suites. The loan was placed with a local bank.

Bayport Funding provides $5.2 million acquisition and construction loan for new multifamily property

Fort Lee, NJ Bayport Funding, a direct private bridge lender for real estate developers, has closed a $5.2 million loan for the acquisition of a development plot and the construction of a new multifamily property on the site. The borrower is developing

Harrison joins NAI DiLeo-Bram & Co. as vice president

Woodbridge, NJ NAI DiLeo-Bram & Co. (NAIDB) has added to its brokerage team with the appointment of Jennifer Harrison to the role of vice president. An industry veteran with over 20 years of experience, Harrison will focus on retail leasing and sales as well as investment

Simi Capital Group acquires a $2.78 million industrial property

Charlotte, NC Simi Capital Group, a real estate investment firm focused on various equity and debt strategies, has acquired an industrial property for $2.78 million. This transaction adds to Simi Capital's expanding national portfolio, and marks entrance to a seventh state

BKM Capital Partners acquires 9-building industrial property for $17.4 million

Tempe, AZ BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has completed the $17.4-million acquisition of Ash Business Center, an 89,728 s/f small-bay industrial facility. The deal represents BKM’s 100th acquisition since its inception a decade ago