National News

Virgin Islands Housing Authority and MDG Design + Construction celebrate completion of phase one of $116.7m preservation of affordable housing development

St. Croix, U.S. Virgin Islands The Virgin Islands Housing Authority (VIHA) and MDG Design + Construction (MDG) held a ribbon cutting ceremony for the completion of Phase One at Walter I.M. Hodge Pavilion. This milestone marks the completed renovation of 82 units across seven buildings

Lamda Development launches sales at Little Athens

Athens, Greece LAMDA Development has made available Little Athens, the latest residential neighborhood of The Ellinikon, Europe’s largest urban regeneration project and a smart city being built from the ground up.

Cleeman Realty Group facilitates off-market sale of Hy-Vee Supermarket

Fairmont, MN Cleeman Realty Group negotiated the $5.125 million off-market sale of a NNN Hy-Vee. The 54,740 s/f grocery store is located at 907 S. State St. on a 5.27-acre lot. Hy-Vee has been at this location since 1991 and added a gas station

Reynolds Asset Management adds 500 units to portfolio with Louisiana acquisitions

Bossier City, LA Reynolds Asset Management (Reynolds) has expanded into Louisiana with the purchase of two multifamily assets in the Shreveport MSA. Working with multiple partners including Devli Real Estate, iintoo, and Newport Capital Group, Reynolds

Cronheim arranges $124 million for 458-unit residential tower in Jersey City

Jersey City, NJ Cronheim Mortgage secured $124.1 million in financing for the Grove Pointe Apartments, a 458-unit residential tower located at 100 Christopher Columbus Dr. Andrew Stewart, Dev Morris, and Allison Villamagna secured the financing on behalf of

Faropoint acquires two industrial parks in northern New Jersey for $144.5 million

Hoboken, NJ Faropoint has acquired industrial parks in Allendale and Mahwah totaling 770,064 s/f. The industrial centers, located in the North Bergen County submarket, were acquired for a combined $144.5 million.

Colliers Mortgage adds Lee and Yazdi as it expands its West Coast presence

Los Angeles, CA Colliers Mortgage, the debt financing arm of Colliers | U.S., appointed industry veterans Jonathan Lee and Shahin Yazdi as executive managing directors in the firm’s local office to expand its West Coast presence.

Spectorgroup opens Miami office

Miami, FL Spectorgroup has opened its office in the Central Business District. For more than 50 years, the New York-based firm has shaped the built environment for projects that intersect all markets, including commercial, workplace, financial,

Landau Props. begins sales for Indian Creek Residences & Yacht Club

Miami, FL Landau Properties have begun sales for Indian Creek Residences & Yacht Club on Bay Harbor Islands. The boutique building offers nine condominium homes and six yacht slips, providing one of the only private yacht

CrownPoint Group acquires 14.5-acre development site - plan 125-unit apartments and townhomes

Randolph, NJ CrownPoint Group Inc. (CrownPoint) has acquired a +14.5-acre development site for an undisclosed price that is fully approved for multifamily development in the Morris County township. Located at the intersection of West Hanover Ave.