National News

Largo arranges $18 million loan for Hampton Inn & Suites in Naples, FL

Naples, FL Kevin Coscia, managing director at the Largo Group of Companies, secured a $18 million, 75% LTC construction loan for a 124 key Hampton Inn & Suites. Naples is currently experiencing a population boom and record-breaking tourism. The greater Naples area has grown

LRS Architects designs The Columbia at Vancouver Waterfront

Vancouver, WA LRS Architects has completed its design work for a new apartment complex as a part of the revitalized Vancouver Waterfront, The Columbia. The seven-story, 300,000 s/f complex is a 248-unit U-shaped building with unobstructed views of the Columbia River and access to a variety of amenities

BG Capital entering into real estate partnership with FreezPak Logisitics

Philadelphia, PA BG Capital, a Philadelphia-based commercial real estate investment firm, announced a new strategic real estate partnership with New Jersey based cold storage operator FreezPak Logistics to

JLL acquires MVS

Chicago, IL JLL has acquired Metropolitan Valuation Services (MVS), one of the largest independent commercial property appraisal and real estate consulting firms in the greater New York metropolitan area.

Faropoint sells portfolio of 109 last-mile warehouses for $481 million

Philadelphia, PA Faropoint, a leading real estate investment firm, has completed the sale of 109 last-mile logistics buildings to a private buyer for $481 million. The portfolio consists of 6.8 million s/f of warehouse space largely concentrated in Atlanta, Philadelphia, Houston and Memphis.

JLL Capital Markets arrange the construction loan for a Class A warehouse and distribution building in South Plainfield

South Plainfield, NJ JLL Capital Markets has arranged a $25 million construction loan for Bridge Point South Plainfield, an under construction, 189,059 s/f, Class A warehouse and distribution

Axiom Capital funds single tenant retail store in Boca Raton, FL

Boca Raton, FL Axiom Capital Corp. has structured and arranged a $8.475 million permanent loan (10-year loan, fixed rate, non-recourse) for the acquisition of a single tenant retail

JLL Capital Markets arrange acquisition financing for 66,000 s/f industrial building

Paterson, NJ JLL Capital Markets has arranged acquisition financing for a fully leased, 66,000 s/f light industrial building with nearly an acre of outdoor storage space.

Crystal Windows provides US Navy with 95 new windows at Point Loma Naval Base

San Deigo, CA An important classified facility at the Point Loma Naval Base is sporting new windows as it overlooks the Pacific Ocean. The building, which has been described as a modern day “technical lighthouse” for US Navy ships

Carswell of Largo arranges $10.54 million in acquisition financing for industrial buildings

Mountainside, NJ Dave Carswell, managing director at Largo Capital, arranged $10.53 million in acquisition financing for a pair of industrial buildings. The properties consist of 80,000 s/f and are situated on 9 acres directly off U.S. Route 22.