National News

Pierson Commercial announces two executive promotions

Marlboro, NJ Pierson Commercial, a leading retail-focused commercial real estate brokerage and advisory services firm with offices in New Jersey and New York City, has named long-time team members Gregg Medvin to executive vice president and

Rosewood Realty Group sells Atlantic City multi-family building

Atlantic City, NJ Rosewood Realty Group has completed the sale of two contiguous buildings consisting of 24 apartments for $1.725 million. Rosewood Realty Group's Greg Corbin and Felix Ades represented

Perlman of Largo Group secures two refinances totaling $43 million

Ned Perlman, vice president of Originations at The Largo Group of Companies, has secured and arranged two refinances totaling $43 million. Perlman arranged $30 million to refinance an 11-property multifamily

Gebroe-Hammer Associates arranges sale of mixed-use building in Elizabeth, NJ

Elizabeth, NJ Gebroe-Hammer Associates’ executive vice president Stephen Tragash has arranged the sale of 1139 East Jersey St., a six-story, 45,000 s/f mixed-use building, for an undisclosed price. The firm’s Union County market

Berkadia secures programmatic equity for Sterling Group apartment communities recapitalization

Berkadia has secured programmatic equity from a global institutional investor to finance Indiana-based The Sterling Group’s recapitalization of three apartment communities located in North Carolina, South Carolina and Tennessee. Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt of Berkadia JV

Lynx Mortgage Bank LLC is now licensed in FL

Lynx Mortgage Bank LLC in now licensed in the state of Florida. Since 2004, Lynx has been a direct conventional and FHA HUD-approved lender, proudly serving the State of New York. Lynx is excited to bring their superior service and “no surprises

Cleeman Realty Group completes sale of Audubon Plaza in Owensboro, KY

Owensboro, KY Cleeman Realty Group has arranged the sale of Audubon Plaza. The 62,924 s/f center was 89% occupied at closing. The property is anchored by national retailers Ollie’s Bargain Outlet and Rent-A-Center

NJEDA create two new real estate programs to support construction and film infrastructure

Trenton, NJ The New Jersey Economic Development Authority (NJEDA) Board approved the creation of two new real estate pilot programs – the Film & Digital Media Studio Infrastructure Program and the Construction Inflation

LPC breaks ground on first project in Phoenix

Phoenix, AZ Logistics Property Company, LLC (LPC), a rapidly growing industrial real estate developer, investor, and manager in North America, began construction on Palm Gateway Logistics Center, a 4-building logistics

Gebroe-Hammer Associates reports $1.47+ billion in multifamily sales for 2022 and optimism for healthy apartment investing growth in 2023

Livingston, NJ With many schools of thought on the current and future state of the economy swirling, one thing remains clear for 2023: multifamily assets have been and will continue to demonstrate stability during this period of normalization, according to the multifamily-focused investment brokerage