National News

The Altman Companies closes construction loan and commences construction on Altís Grand Lake Willis Phase II

Orlando, FL The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, has closed on a $41.217 million construction loan with Comerica Bank on Altís Grand Lake Willis

FM Capital secures $50 million construction loan for 50 Sussex Ave. in Newark, NJ

Newark, NJ FM Capital, a New York City-based commercial real estate firm specializing in loan originations and direct lending, has secured a $49,908,489 construction loan in support of 50 Sussex Ave.

Vestian establishes Sun Belt Hub with new Tampa Bay office

Tampa Bay, FL Vestian, a global commercial real estate solutions firm, has established a Sun Belt hub with the opening of its new office. Headquartered in Chicago, Vestian serves major domestic and international companies with offices throughout the U.S., Europe, India and China. The establishment

Axiom Capital funds manufacturing & warehouse property in Carol Stream, IL

Carol Stream, IL Axiom Capital Corp. has structured and arranged a $6.75 million permanent loan for the refinance of a single tenant light manufacturing and warehouse property

Square Mile Capital, Bank OZK originate $160 million of construction financing for industrial development

Goodyear, AZ Square Mile Capital Management LLC (“Square Mile Capital”) has originated a $160 million loan to finance the ground-up development of Goodyear AirPark Phase One, an approximately 1,625,586 s/f industrial complex under construction. The loan, which was co-originated with Bank OZK, was made to a joint venture between LPC Desert West, the Southwest division of Lincoln

Pierson Commercial announces two executive promotions

Marlboro, NJ Pierson Commercial, a leading retail-focused commercial real estate brokerage and advisory services firm with offices in New Jersey and New York City, has named long-time team members Gregg Medvin to executive vice president and

Rosewood Realty Group sells Atlantic City multi-family building

Atlantic City, NJ Rosewood Realty Group has completed the sale of two contiguous buildings consisting of 24 apartments for $1.725 million. Rosewood Realty Group's Greg Corbin and Felix Ades represented

Perlman of Largo Group secures two refinances totaling $43 million

Ned Perlman, vice president of Originations at The Largo Group of Companies, has secured and arranged two refinances totaling $43 million. Perlman arranged $30 million to refinance an 11-property multifamily

Gebroe-Hammer Associates arranges sale of mixed-use building in Elizabeth, NJ

Elizabeth, NJ Gebroe-Hammer Associates’ executive vice president Stephen Tragash has arranged the sale of 1139 East Jersey St., a six-story, 45,000 s/f mixed-use building, for an undisclosed price. The firm’s Union County market

Berkadia secures programmatic equity for Sterling Group apartment communities recapitalization

Berkadia has secured programmatic equity from a global institutional investor to finance Indiana-based The Sterling Group’s recapitalization of three apartment communities located in North Carolina, South Carolina and Tennessee. Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt of Berkadia JV