Wyomissing, PA Progress Realty Partners (PRP), a New Jersey-based private equity firm specializing in buying well-positioned commercial real estate throughout the country, along with real estate investment firm, Commerce Park Investors, have successfully acquired Park Place Center, a 143,000 s/f industrial-flex portfolio. “What attracted us to Park Place Center is its extraordinary
New Bern, NC Jack Phillips of Largo Capital arranged $11 million in financing
T&T Construction Management Group, Inc. announced its expansion, restructuring, and rebranding. The company has evolved to serve a large base of clients, ranging from those in the Northeastern United States to Florida and the Caribbean. Over the last quarter century, the organization has undergone tremendous growth. Based on these factors, the company is rebranding from T&T Construction of Central Fla. Inc. to T&T Construction
Gibbsboro, NJ Freshly Greene LLC has signed a five-year lease for 3,020 s/f of industrial space at an undisclosed location to manufacture cannabis infused olive oil as well as other cannabis products
New Haven, CT Verada, a Brooklyn based boutique real estate firm specializing in commercial retail space leasing and sales, announced Retail at Square 10, a new development. The Square 10 project offers a total of 12,500 s/f of commercial retail space, divided into three&
Land O’ Lakes, FL The Altman Companies, a nationally recognized developer, builder, and manager of rental apartment communities, in partnership with The Rockpoint Group, announced that the pre-leasing of Altís Grand Suncoast, a 449-unit upscale Apartment
Edinburg, TX Cronheim Mortgage has secured a 75% LTC, three-year fixed-rate construction loan for the development of a 200-unit, Class A, resort-style multifamily complex dubbed, “Las Villitas.” The $18.3 million financing was closed with a regional bank and features a 36-month interest only period followed by a 12-year term. The property is a part of a larger master-planned mixed-use development by the sponsor, walking distance from what will be Class A retail amenities. The subject is located in the McAllen-Edinburg MSA, minutes from the University of Texas
Miami, FL BHI, a full-service commercial bank, announced that it has provided a $6 million loan to refinance 1444 Drexel Ave. The loan provided by BHI will enable the Casa Victoria Orchid Hotel to further enhance the guest experience through strategic
Seattle, WA NAIOP, the Commercial Real Estate Development Association, has selected VanTrust Real Estate, LLC (VanTrust) as its 2023 Developer of the Year – the association's highest honor. The award will be presented during NAIOP's CRE.Converge conference this
Oshawa, ON Kevin Ross, managing director at Largo Capital Limited, arranged a $1.8 million non-recourse loan to finance a 9,688 s/f retail plaza. The property is currently 100% occupied with a variety of restaurant and food service tenants
