National News

Argo RE, Bsafal, and Taconic Capital Provide $160 million Construction Financing to developers of luxury condominium project

Juno Beach, FL Argo Real Estate, Bsafal, Inc., and Taconic Capital Advisors LP have provided a $160 million construction loan to Chicago-based developers JDL Development and Wanxiang for Caretta, a new luxury residential condominium project

Tower Capital expands structured CRE finance team with addition of Harris

Scottsdale, AZ Tower Capital, a leading capital advisor in CRE financing, is expanding its team with the addition of Geoffrey Harris, a veteran of commercial real estate finance. The growth allows the firm to continue arranging financing for clients

Downing of Largo Capital, Inc. secured a permanent first mortgage to refinance existing debt on a single-tenant property

Orlando, FL Max Downing of Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a single-tenant property. This 3-year, fixed-rate loan features a 30-year amortization and no prepayment penalty. The property is located

Realterm acquires three Yellow Corporation terminals

Annapolis, MD Realterm, a global specialist in transportation-advantaged logistics real estate, has completed the acquisition of three IOS truck terminals, totaling 163 doors. Located in Boston, Philadelphia and Providence, the properties

BKM Capital Partners acquires Canyon Industrial Center in San Diego for $70 million

San Diego, CA BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has acquired the Canyon Industrial Center for $70.2 million. The multi-tenant industrial park is located in San Diego’s Kearny Mesa submarket. Situated at 9424-9560 Chesapeake Dr., Canyon Industrial Center

National Ladder Safety Month is coming

Cleveland, OH National Ladder Safety Month is observed next month, as it is every March. Begun by the American Ladder Safety Institute (ALI), the event raises awareness about ladder safety and encourages employers and their workers to engage

Cleeman sells Park Plaza Shopping Center for $10.3 million

Chalmette, LA Cleeman Realty Group has completed the $10.3 million sale of Park Plaza Shopping Center, a Winn Dixie anchored retail center located at 3300 Paris Rd. The property sits on 4.76 acres and consists of 99,238 s/f. The property was 100%

Savers Value Village expands presence with 25,688 s/f lease in Orange, CA

Orange, CA Savers Value Village Inc., a publicly held, for-profit thrift store retailer, has expanded its Orange County presence with a lease of 25,688 s/f in the Santiago Hills Shopping Center. Located at 8520 E. Chapman Ave., this location will give the Bellevue

Red Oak Capital Holdings appoints Flaa to chief lending officer, brings in three new loan professionals

Charlotte, NC Red Oak Capital Holdings, LLC is continuing its growth with a recent promotion of one of its top executives and the addition of three new commercial real estate loan professionals. Will Flaa is now Red Oak’s

Avatar Financial Group LLC provides $4.8 million in financing for The Club at Treasure Island

Treasure Island, FL Avatar Financial Group LLC (“Avatar”), a Seattle, WA-based national hard money bridge lender for commercial real estate, provided a $4.8 million bridge loan for The Club at Treasure Island. The borrower used