National News

Ashkenazy Acquisition Corporation acquires 200,000 s/f retail property in Chicago

Chicago, IL Ashkenazy Acquisition Corporation (AAC), a private real estate investment firm led by CEO and Chairman Ben Ashkenazy, announced the acquisition of Gateway Centre, an approximately 200,000 s/f retail property

G.S. Wilcox & Co. secures $19.97 million construction loan for East Brunswick warehouse

East Brunswick, NJ G.S. Wilcox & Co. has completed $19.97 million in construction financing for a warehouse building to be built on spec. The non-recourse financing was secured by Bridget Wilcox, partner, and Al Raymond, principal, from a regional bank on a 3-year term with extension options

Progress Capital arranges construction financing for Hunter Lofts redevelopment project

Roselle Park, NJ Kathy Anderson and Caillin Boles of Progress Capital secured a $14.95 million construction loan for The Kontos Group (owner/developer) of Hunter Lofts, a redevelopment project lead

Neuman Commercial Group named 2022 Top Sales Firm Power Broker

strong>Bethesda, MD Neuman Commercial Group LLC, a Mid-Atlantic retail center and commercial investment sales firm, has been named a Top Sales Firm 2022 Power Broker winner by CoStar Group (NASDAQ: CSGP), the leading provider of commercial real estate information and analytics

JRM Construction Management completes construction in Woodland Park, NJ

Woodland Park, NJ JRM Construction Management has successfully completed a major construction project for a confidential client’s Headquarters office building. The project totaled approximately 24,000 s/f and was

Progress Capital arranges $60 million acquisition loan for business park

Herndon, VA Progress Capital’s partner, Brad Domenico secures $60.5 million in acquisition financing for Fred Arena, CEO of Vision Properties to purchase South Lake at Dulles Corner Business Park

The Altman Companies closes construction loan and commences construction on Altís Grand Lake Willis Phase II

Orlando, FL The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, has closed on a $41.217 million construction loan with Comerica Bank on Altís Grand Lake Willis

FM Capital secures $50 million construction loan for 50 Sussex Ave. in Newark, NJ

Newark, NJ FM Capital, a New York City-based commercial real estate firm specializing in loan originations and direct lending, has secured a $49,908,489 construction loan in support of 50 Sussex Ave.

Vestian establishes Sun Belt Hub with new Tampa Bay office

Tampa Bay, FL Vestian, a global commercial real estate solutions firm, has established a Sun Belt hub with the opening of its new office. Headquartered in Chicago, Vestian serves major domestic and international companies with offices throughout the U.S., Europe, India and China. The establishment

Axiom Capital funds manufacturing & warehouse property in Carol Stream, IL

Carol Stream, IL Axiom Capital Corp. has structured and arranged a $6.75 million permanent loan for the refinance of a single tenant light manufacturing and warehouse property