National News

255,069 s/f lease signed by Turnbridge Equities at newly acquired warehouse

Bayonne, NJ The real estate investment and development firm Turnbridge Equities has signed a long-term industrial lease for 255,069 s/f at 169 Pulaski Street to TWTH Express for its newest warehouse and distribution facility, announces Ryan Nelson, managing principal

Zenith IOS closes acquisitions in Nashville and Memphis

Zenith Industrial Outdoor Storage (IOS), a leading vertically integrated IOS platform has sourced and closed two acquisitions in Tennessee. These transactions mark Zenith’s first capital deployment in Tennessee, adding Nashville and Memphis as two new markets

Arrow Real Estate Advisors arranges $28 million in refinancing for two industrial assets

Manhattan, NY Arrow Real Estate Advisors, a leading real estate finance advisory firm, has successfully arranged two separate refinancing transactions totaling $28 million for a pair of industrial properties in New Jersey and California totaling 170,801 s/f

Marcus Partners, Sterling Properties, and Danbro Properties close on site for new multifamily project

Watchung, NJ Marcus Partners has joined with Sterling Properties and Danbro Properties in closing on Blue Hill at Watchung, a 230-unit luxury multifamily community now under construction. The project, which was entitled by Sterling and Danbro, is set on 41.8 acres and marks a significant

Cronheim Hotel Capital secures $30.3 million to refinance the Alloy Suites King of Prussia Doubletree

King of Prussia, PA Cronheim Hotel Capital (“CHC”) secured a $30.3 million loan for affiliates of Concord Hospitality to refinance the existing note on the 327 room DoubleTree. Beau Williams, senior managing director, and Drew Gilligan, director, arranged the loan

Delisle and Monahan of Island Associates negotiate two lease agreements

Brooksville, FL Roger Delisle and Robert Monahan of Island Associates successfully negotiated two lease agreements for Sunrise Plaza Brooksville Florida. DRMP Engineers entered a lease agreement for 3,000 s/f of space for their field office as they work

Ross of Largo Capital secures $29.315 permanent first mortgage

Québec, QC Kevin Ross, managing director at Largo Capital Limited,  secured a permanent first mortgage for three parcels of the Mega Centre Lebourgneuf. This power center is occupied by national retailers and shadow anchored by major big-box stores. The property

Cronheim Mortgage secures $27.917 million for the acquisition of Woodmont Liberty apartments

Hackettstown, NJ Cronheim Mortgage (“Cronheim”) has secured $27.917 million from a national life insurance company to capitalize the acquisition of Woodmont Liberty, a 120-unit, Class-A multifamily asset. The seven-year, non-recourse financing attractively

Cronheim Hotel Capital secures $39 million for the construction of AC Hotel Knoxville Downtown

Knoxville, TN Cronheim Hotel Capital (“CHC”) has secured $39 million for the construction of the AC Hotel Knoxville Downtown. The financing provides up to 75% of the total project costs on a non-recourse basis and incorporates a creative CPACE

Prism Capital Partners secures three key redevelopment plan approvals for ON3

Clifton & Nutley, NJ Prism Capital Partners has secured three key redevelopment plan approvals from the City of Clifton and Township of Nutley for its mixed-use ON3 campus. Together, the milestones pave the way for the construction of up to 1,074 multifamily units