National News

Gebroe-Hammer Associates reports $1.47+ billion in multifamily sales for 2022 and optimism for healthy apartment investing growth in 2023

Livingston, NJ With many schools of thought on the current and future state of the economy swirling, one thing remains clear for 2023: multifamily assets have been and will continue to demonstrate stability during this period of normalization, according to the multifamily-focused investment brokerage

Western Specialty Contractors, KBS to complete curtain wall restoration at 42-story mixed-use tower in Chicago

Chicago, IL Western Specialty Contractors – Chicago Facades Branch and KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, are completing the restoration of a curtain wall

StoutCap raise $4 million for Treetop Apartments in Fayetteville, NC

Fayetteville, NC StoutCap, a premier real estate investment firm creating opportunities to help people invest passively in real estate, announced it’s raising $4 million to acquire Treetop Apartments, a garden-style apartment

Axiom Capital funds $11 million loan for retail property in Altoona, PA

Altoona, PA Axiom Capital Corp. has structured and arranged an $11 million permanent loan for the refinance of a single tenant retail property. The property is comprised of a 222,139 rentable s/f building

GPARENCY secures $65 million financing for Virginia office portfolio acquisition

Glen Allen and Richmond, VA GPARENCY -- a national commercial real estate prop-tech platform providing tools for finding and financing transactions – has completed a $65 million financing for an 11 property office building portfolio

AREA15 to expand district by 20 acres

Las Vegas, NV AREA15, the immersive art and entertainment district, announced an expansion spanning 20 acres to its north along Interstate 15. Universal Parks & Resorts will anchor the District expansion with a new, year-round horror entertainment

IIBEC’s 40th anniversary at the 2023 IIBEC International Convention and Trade Show

Raleigh, NC Celebrating its 40th anniversary, IIBEC will return to Houston, TX, for the 2023 IIBEC International Convention and Trade Show, March 3–6. Building enclosure professionals from across North America and more than 110 exhibitors

Marcus & Millichap brokers sale of a 25,000 s/f office building in Ocean Township, NJ

Ocean Township, NJ Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the sale of Ansell Grimm Office Building, a 25,000 s/f property

G.S. Wilcox & Co. arranges $10 million in financing for affordable development

Union, NJ G.S. Wilcox & Co. has completed $10 million in permanent financing for a 2 building, 88-unit affordable housing apartment community. The financing, arranged by Gretchen Wilcox, president, and David Fryer, principal, was secured

Gebroe-Hammer Associates arrange $11.9 million sale of two multifamily properties

East Orange, NJ Gebroe-Hammer Associates’ executive managing director and East Orange market specialist David Oropeza has brokered the $11.9 million sale of 17 Summit St. and 60 North Arlington Ave. Apartments, two historic residential