National News

NAI DiLeo-Bram & Co. signs three new vein center office leases

Woodbridge, NJ Two separate vein centers have leased more than 11,200 s/f of office space across three separate buildings in New Jersey’s Mercer, Morris and Middlesex counties under a series of recent lease agreements arranged by NAI

Reynolds Asset Management acquires two multi-family properties in Texarkana with joint venture

Texarkana, TX Continuing its growth in the Sun Belt, New Jersey-based Reynolds Asset Management (Reynolds) acquired two multi-family properties. The 360-unit acquisition, totaling $23 million, is a joint venture with Jeff Juster’s Newport

Cronheim secures $55.95 million permanent financing for multifamily portfolio

Los Angeles, CA Cronheim Mortgage has arranged $55.95 million of permanent financing for three Class-A apartment buildings. Andrew Stewart and Allison Villamagna secured financing on behalf of 4SITE Real Estate, a real estate development firm specializing in residential and mixed-use infill properties throughout California

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%