National News

SCALE Lending issues $75 million bridge loan for a multifamily development

Little Ferry, NJ SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $75 million bridge loan for Capodagli Property Company, a family-owned New Jersey-based real estate development and management firm founded by George Capodagli

Hospeco Brands Group celebrates ISSA’s Summit Award from ASAE for End Period Poverty Campaign

Cleveland, OH According to Hospeco Brands Group, ISSA’s End Period Poverty campaign is being honored by the American Society of Association Executives (ASAE) with the highest honor for associations, the Power of Associations Summit Award. Fighting period poverty

Cronheim Hotel Capital secures $14.6 million for construction of TownePlace Suites

Lyndhurst, NJ Cronheim Hotel Capital (CHC) has secured $14.6 million for the construction of the 128-key TownePlace Suites. The loan was placed with a local bank.

Bayport Funding provides $5.2 million acquisition and construction loan for new multifamily property

Fort Lee, NJ Bayport Funding, a direct private bridge lender for real estate developers, has closed a $5.2 million loan for the acquisition of a development plot and the construction of a new multifamily property on the site. The borrower is developing

Harrison joins NAI DiLeo-Bram & Co. as vice president

Woodbridge, NJ NAI DiLeo-Bram & Co. (NAIDB) has added to its brokerage team with the appointment of Jennifer Harrison to the role of vice president. An industry veteran with over 20 years of experience, Harrison will focus on retail leasing and sales as well as investment

Simi Capital Group acquires a $2.78 million industrial property

Charlotte, NC Simi Capital Group, a real estate investment firm focused on various equity and debt strategies, has acquired an industrial property for $2.78 million. This transaction adds to Simi Capital's expanding national portfolio, and marks entrance to a seventh state

BKM Capital Partners acquires 9-building industrial property for $17.4 million

Tempe, AZ BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has completed the $17.4-million acquisition of Ash Business Center, an 89,728 s/f small-bay industrial facility. The deal represents BKM’s 100th acquisition since its inception a decade ago

KIPP DC relocates headquarters to Carr Properties’ Signal House

Washington, DC According to Carr Properties (“Carr”), an owner, operator, and developer of commercial office and residential properties, KIPP DC, a community of public schools, signed an approximately 16,000 s/f, long-term lease at Signal House, an office building located

BH Properties signs Ross Dress for Less to a 26,000 s/f lease

Caguas, PR BH Properties, a vertically integrated, value-add real estate investment company based in Los Angeles, has signed Ross Dress for ...

Thorofare Capital provides financing for Dream Aspen Creek

Tulsa, OK Thorofare Capital (“Thorofare”), an affiliate of asset management platform Callodine Group, LLC, has provided a $23 mi...