National News

BG Capital and FreezPak Logistics to build new 272,400 s/f warehouse in Jacksonville, FL

Carteret, NJ The newly created strategic partnership between Philadelphia-based BG Capital and NJ-based FreezPak Logistics have completed the purchase of a development site for $11.17 million as part of their effort to build a network of cold

JV between Cypress Equity Investments and Winter Properties breaks ground on 354-residence apartment community in Bayonne, NJ

Bayonne, NJ Cypress Equity Investments (CEI), a national multifamily developer, has started the groundbreaking of Avenue G, a 354-residence apartment complex. Located on New Jersey’s Gold Coast, the new development is directly adjacent to the recently-completed 180-residence Edge apartment community

Cronheim Mortgage recent financings totaling over $750 million

Cronheim Mortgage has recently arranged over $750 million in financing for real estate projects located across 16 different states. Many of these have been placed through institutional investors that Cronheim represents as originator and servicer for. Cronheim Hotel Capital (CHC Capital) is the brand that the firm uses

Largo Capital arranges $11.5 million to refinance a retail center in Peoria, IL

Peoria, IL Kevin Ross, managing director at The Largo Group of Companies, arranged $11.5 million to refinance the existing debt on a grocery-anchored retail center. The arrangement was made possible through one

Crossmark Capital secures $95.192 million to refinance 1,011-unit, multifamily portfolio in FL

Orlando and Tampa, FL Crossmark Capital, a commercial real estate finance company based in Lakewood, NJ, has arranged $95.192 million for the refinancing of a 1,011-unit, five-property multifamily

Largo Capital arranges $12 million to refinance an industrial building in Bloomington, IL

Bloomington, IL Jack Phillips, principal at Largo Real Estate Advisors, arranged $12 million to refinance an industrial building. The building consists of 116,000 s/f dedicated to order fulfillment, warehousing, and

Largo Capital arranges a $55.8 million refinance loan for a multi-family property in Raleigh, NC

Knightdale, NC Jack Phillips, principal at Largo Capital, arranged a $55.8 million loan to refinance a 350 Class A multifamily property. The property is a new construction asset, featuring a swimming pool, outdoor kitchen and lounge, picnic area, fitness center, clubhouse

Largo arranges $33.6 million in acquisition and reposition financing for industrial portfolio in Toronto, ON

Toronto, ON Kevin Ross, managing director at Largo Capital, secured $33.675 million in acquisition and reposition financing for a three-building industrial portfolio.

Axiom arranges $5.5 million loan for refi of 43,00 s/f grocery store

Clovis, NM Axiom Capital Corp. has structured and arranged a $5.5 million permanent loan for the refinance of a 43,484 s/f grocery store. The property has excellent frontage along Prince St., with exposure

Buckingham Advisors placed $18 million of equity on 143-unit Denholtz Properties and Redwood Real Estate Group JV development

Bound Brook, NJ A joint venture between Denholtz Properties, a leading real estate development and investment company, and Redwood Real Estate Group is moving ahead with the $50 million construction of a 143-unit, Class A transit-oriented