National News

Capstone closes sale $1.6 million of three seperate multifamily buildings

Capstone has closed the sale of 5100, 5150 & 5180 West Kentucky Ave., three separate multifamily 3-plexes with 1,630 s/f per building, for the sale price of $1.6 million. Benton

HLC Equity’s 156-unit Southgate Apartments in Dallas secures long-term financing

Princeton, TX HLC Equity, a leading private equity firm specializing in real estate investment and management, has successfully refinanced Southgate Apartments, a 156-unit multifamily property into long-term debt. Originally a

Standard Communities completes largest acquisition, 3,200 affordable units in FL and GA

Standard Communities, a major national affordable housing developer and investor, has acquired controlling interest in an affordable housing portfolio of nearly 3,200 units in Florida and Georgia. The transaction is Standard’s largest acquisition

Bigge and Liebherr add the LRT 1130 to Perfect Fleet

Las Vegas, NV Bigge Crane and Rigging Co. has announced the addition of Liebherr’s newest LRT 1130-2.1 rough terrain crane to its Perfect Feet® at ConExpo 2023. This German-engineered crane features 140 US-ton lifting capacity and the longest telescopic boom of any 2-axle rough

Marcus Partners acquires fully leased industrial property in Piscataway, NJ

Piscataway, NJ Marcus Partners is expanding its New Jersey industrial portfolio with the acquisition of 151 Old New Brunswick Rd. This 89,070 s/f existing industrial property is 500 feet from the exit ramp of I-287 and less than 30 minutes south of the Port. This newly

Besen Partners complete the $65.5 million sale of 764,364 ± s/f multi-tenant warehouse complex

Paterson, NJ Besen Partners has completed the sale of 217-297 Getty Ave  a 3-story 764,364± s/f multi-tenant warehouse/industrial building complex built on a 16.6 acre lot located in Passaic County between Madison Ave. and Thomas St

Shawmut Design and Construction Celebrates Women in Construction Week

Shawmut Design and Construction, a leading $1.3 billion national construction management firm, participated in Women in Construction (WIC) Week, joining the annual celebration that promotes the role of women in the construction industry and highlights the critical need

Meridian Capital Group arranges $30.7 million in acquisition financing for The American

Morris Plains, NJ Meridian Capital Grouphas arranged $30.7 million in acquisition financing for The American, a multifamily mid-rise property on behalf of Shamah Properties

Colligan of Largo Group arranges $10 million for refinance of multifamily property

Wilmington, DE Neal Colligan, principal at The Largo Group of Companies, arranged $10 million for the refinance of a multifamily property. The property, currently 99% occupied, consists of 49 buildings that contain

Urban Edge Properties signs two long term tenants at East Hanover industrial warehouses

East Hanover, NJ According to Urban Edge Properties (NYSE:UE), that Best Way Trucking (186,855 s/f) and Decker Tape Products, Inc. (99,527 s/f) have signed long-term leases