National News

Andover Properties acquire self-storage facility in Naples, FL

Naples, FL Andover Properties announced the acquisition of a 105,000 s/f self-storage facility. The facility, previously operated as Jim’s Stowaway, will be rebranded under Andover’s Storage King USA brand

Calnan of J. Calnan & Associates honored as EY Entrepreneur Of The Year 2023

Quincy, MA Jay Calnan, CEO of J. Calnan & Associates (JC&A), has been named the EY Entrepreneur of the Year for 2023. The independent panel of judges recognized Calnan's exceptional entrepreneurial spirit, long-term value creation, purpose-driven approach, remarkable growth, and significant impact in his field

Tenerity Inc. relocating to Clarion Partners’ Merritt 7

Norwalk, CT Clarion Partners LLC and Marcus Partners announced the signing of three new tenants at Merritt 7 Park, including customer engagement and marketing firm Terenity Inc. relocating

GFI Realty Services advises on the $115 million sale of 440-unit garden apartment complex

strong>Plainsboro, NJ GFI Realty Services, LLC announced the $115-million sale of Addison at Princeton Meadows, a 440-unit garden apartment complex, located at 2821 Pheasant Hollow Dr. The GFI team of Allan Szlafrok, Eli Maryl, Ohad Babo, and Michael Weiser advised the buyer, Colony Hills Capital, in this transaction. The seller is KRE, a Jersey City based real estate investment, development, and property management

Shawmut Design and Construction reaches two million dollars raised for Pan-Mass Challenge

Boston, MA Shawmut Design and Construction, a leading $1.3 billion national construction management firm, participated in the 2023 Pan-Mass Challenge (PMC), marking the sixteenth consecutive year the firm has partaken in the two-day bike-a-thon in Massachusetts. This year, Team Shawmut has raised almost $100,000 and counting—accumulating over two million dollars in total fundraising to support Dana-Farber Cancer

Meridian Capital Group arranges $48 million in financing to refinance a multifamily portfolio

Bayonne, NJ Meridian Capital Group has arranged $47.9 million in financing to refinance a portfolio of multifamily properties. The five-year loan features 24 months of interest-only payments, a five-year extension option, and was provided by a balance sheet lender. Meridian managing director, Judah Hammer, and vice president, Daniel Neiss, who are both based in the company’s New York

GFI Realty Services co-brokers a $15.75 million sale of 117-acre site in Palmdale, CA

Palmdale, CA GFI Realty Services, LLC has closed on the $15.75 million sale of a 117.38-acre development site. Trader Joe’s is constructing a 1.03 million s/f distribution facility on the parcel with completion anticipated by the end of 2024. The GFI Realty Institutional Advisory team of Managing Director, Joshua Peck and Group Director, Susan Annis co-brokered this

Fisher Brothers unveils Wynhouse Miami, mixed-use multifamily development

Miami, FL Fisher Brothers, a fourth-generation real estate company that owns, manages and operates spaces across the country, announced the start of construction of Wynhouse Miami, a mixed-use multifamily development. Wynhouse Miami will rise eight stories and offer 308 rental residences, approximately 26,000 s/f of ground floor retail and paseo space and nearly 25,000 s/f of expansive indoor and outdoor

BHI provides $27.34 million Senior Secured construction loan to 13th Floor Homes LLC

Port St. Lucie, FL BHI, a full-service commercial bank, announced that it has provided a $27.343 million Senior Secured construction loan to 13th Floor Homes LLC to finance enhancements to and completion of Villas of Torino, a multi-family

Vivian of the Largo Hospitality secures $10.2 million to take out construction debt on a Fairfield Inn & Suites

Savannah, GA Katie Vivian of the Largo Hospitality Finance Group secured a $10.2 million first mortgage to take out the construction debt on...