National News

NAI DiLeo-Bram & Co. adds Teixeira as vice president

Woodbridge, NJ NAI DiLeo-Bram & Co. (NAIDB), a leading commercial real estate firm, expanded its brokerage team with the addition of Priscilla Teixeira, who is joining the firm as a vice president. With over two decades

Standard Communities makes first investment in Michigan with ground up affordable community

Kalamazoo, MI Standard Communities, a leading national multifamily affordable housing investor and developer, is making its entry into Michigan, in a joint venture with River Caddis Development participating in a public private partnership creating a ground-up

Time Equities Inc. expands industrial portfolio with the acquisition of 445 Industrial Drive for $2.35 million

Ridgeway, VA Time Equities, Inc. (TEI), a full-service real estate firm with headquarters in New York City, has acquired 445 Industrial Drive (445 Industrial), an approximate 100,000-s/f industrial building in for $2.35 million

Cronheim Hotel Capital arranges local bank financing for master-leaked Motel 6 and PJ's Pancake House

Lawrenceville, NJ Cronheim Hotel Capital (CHC) arranged financing for the Motel 6 Lawrence Township, a 104-key, economy-class motel. Brandon Szwalbenest and Andrew Stewart secured the financing from a local bank lender

Ugly Dumpling joining Briarcliff Commons

Morris Plains, NJ According to Urban Edge Properties (NYSE:UE), Ugly Dumpling is opening at Briarcliff Commons in the former Harmons location. The 179,520 s/f shopping center is now 100% leased and

Merchants Capital secures $100+ million for affordable housing development

Austin, TX Leading financial services provider Merchants Capital has secured more than $100 million in debt and equity proceeds for the acquisition and rehabilitation of Travis Park Apartments, an affordable housing

Cronheim Mortgage arranges life-co financing for retail property

Hoboken, NJ Brandon Szwalbenest, Dev Morris, and Andrew Stewart secured financing for a two-tenant retail property on behalf of a prominent NJ-based real estate developer with a sizable portfolio of multifamily

Institutional Property Advisors brokers sale of grocery-anchored regional power center

Hamilton Township, NJ Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has completed the sale of Hamilton Marketplace, a grocery-anchored regional power center. The center

BKM Capital Partners acquires 250,000 s/f industrial park for $50.7 million

Portland, OR BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has acquired Tigard Business Park, a 256,084 s/f light industrial park. The $50.7-million acquisition is

Dealpath appoints Hung as CFO

San Francisco, CA Dealpath, the real estate industry’s leading investment and deal management platform, have appointed Pei Hung as its CFO. She will be responsible for leading Dealpath’s financial