National News

Largo Capital arranges $28 million of debt to refinance a 3 building portfolio

Saint-Laurent, QC Largo Capital’s Kevin Ross closed a three building industrial/flex portfolio for a total loan amount

Boles & May of Progress Capital arrange $54.5 million construction financing for Newark School of Architect & Interior Design

Newark, NJ David May and Evan Boles of Progress Capital secured $54.5 million in construction financing for the owners of a 179,100 s/f educational facility located at 155 Jefferson

Ariel Property Advisors arranges $25 million in loans across three states

Various Locations, USA Ariel Property Advisors has arranged $25 million in loans for seven properties across Ohio, Texas, Indiana and New York. The financings include an industrial complex, two multifamily buildings, two medical facilities, a retail

Urban Edge Properties signs Aldi to 23,498 s/f long-term lease

Watchung, NJ Urban Edge Properties (NYSE:UE) has signed Aldi to a long-term lease for 23,498 s/f at Greenbrook Commons. The center is now 100 percent leased and delivers essential retail to the area which includes the densely populated

LRC Properties purchases 522,071 s/f industrial property in Morrow, GA for $31.5 million

Morrow, GA LRC Properties has purchased the Zion Industrial property located at 1791 Mt. Zion Rd. With this purchase, LRC Properties continues its presence in Atlanta and expands its footprint in the vital Southeast region. LRC Properties

Axiom Capital funds bank branch in Ramsey, NJ

Ramsey, NJ Axiom Capital Corp. has structured and arranged a $1.32 million permanent loan (5-Year Lon, 18months. I/O then fixed rate, 5-year extension option, non- recourse) for the refinance of a freestanding bank

M&T Realty and BlueGate Partners provides $63 million in financing for a multifamily property in Jersey City

Jersey City, NJ M&T Realty Capital Corporation and BlueGate Partners placed a $63 million permanent loan secured by a newly built, 233-unit Class-A transit oriented multifamily

Reuten Associates present traffic engineering plans for new senior living community in Closter, NJ

Closter, NJ Traffic engineering plans for the Residences at Reuten Park, a proposed 195-unit luxury senior living development, were presented to the borough’s Zoning Board of Adjustments

JRM Construction Management completes renovation of proponent Federal Credit Union in NJ

Nutley, NJ JRM Construction Management has completed the full renovation of Proponent Federal Credit Union and transformed the existing one-story commercial building into a 5,000 s/f premier

Rosewood Realty completes $75 million multifamily sale in Lexington, KY

Lexington, KY Rosewood Realty Group have completed the $75 million sale of a 384-unit 12-building multifamily apartment complex. Rosewood’s founder & CEO Aaron Jungreis and Rosewood