National News

Shitrit of Refined arranges $812,500 in financing for multifamily property

Houston, TX According to Refined, Ariel Shitrit has recently arranged $812,500 in permanent financing for a multifamily property.

Rosewood Realty Group sells Memphis 802-unit portfolio for $33.1 million

Memphis, TN Rosewood Realty Group, a new York-based investment sales firm, has delivered the $33.1 million sale of a three property portfolio with 802 units.

FreezPak Logistics, BG Capital partnership set to develop 30-acre parcel outside Houston, TX

Houston, TX The newly created strategic partnership between Philadelphia-based BG Capital and NJ-based FreezPak Logistics announce the acquisition and planned development of their second new construction cold-storage facility as part of their effort to build a network of cold storage distribution

Urban Edge Properties signs UFC FIT Club to 16,000+ s/f lease at The Plaza at Woodbridge

Woodbridge, NJ Urban Edge Properties (NYSE:UE) announced that a first-to-market fitness experience, UFC Fitness, is coming to The Plaza at Woodbridge. This new 16,810 s/f gym will be a UFC FIT Club, designed to showcase the best of what UFC Gym has to offer in terms of facilities

Cronheim secures $17.6 million pre-stabilized permanent financing for 92 units in FL

Cronheim Mortgage has secured permanent financing for two newly-developed luxury multifamily communities in Florida: Aviara Green and the Aviara Lake Worth. Andrew Stewart, Allison Villamagna, and Dev Morris secured the financing on behalf of subsidiaries of MAG Real Estate & Development, a full-service development

JLL arranges $290 million refinancing for Whole Foods- and Target-anchored retail center

Paramus, NJ JLL’s Capital Markets has arranged $290 million in refinancing for Bergen Town Center, a one-million s/f shopping center anchored by Whole Foods and Target. JLL exclusively represented the borrower, Urban Edge Properties, to secure the loan through New York Life

Faropoint acquires two last mile industrial buildings totaling 113,979 s/f for $28.3 million

Hoboken, NJ Faropoint, a leading real estate investment firm focused on last-mile industrial properties in high population growth markets, has completed the acquisition of two Class B industrial properties totaling 113,979 s/f for $28.3 million. The buildings are located in the Ridgefield submarket in the Meadowlands, and are occupied by Biazzo

Feintuch of Refined arranged $3.9+ million closing for the acquisition of an owner-occupied office building

Fort Lauderdale, FL Refined is pleased to announce Alec Feintuch recently arranged the successful closing of a $3.9792 million commercial mortgage for the acquisition of an owner-occupied office building. The mortgage was secured at an interest rate in the 6% range with a 25-year amortization

Axiom arranges $3 million refinance of Missouri retail building

Farmington, MO Axiom Capital Corp. has structured and arranged a $3 million permanent loan (5 year, fixed rate, non-recourse) for the refinance of a freestanding retail building. The property was built in 2016 and contains a 51,373 s/f single tenant building with 162 surface parking spaces situated on 3.90

Cronheim secures long-term financing for Florida office & retail properties

Cronheim Mortgage has secured permanent financing for two Florida properties, the Parkway Professional Building, a 42k+ SF office property, and the Tri City Center, a 90k+ SF retail property. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financing with StanCorp Mortgage Investors