National News

Verada leases retail space to Bouldering Gym in New Haven

New Haven, CT Verada, a Brooklyn based boutique real estate firm specializing in commercial retail space leasing and sales, announced Retail at Square 10, a new development. The Square 10 project offers a total of 12,500 s/f of commercial retail space, divided into three&

The Altman Companies begin pre-leasing of Altís Grand Suncoast

Land O’ Lakes, FL The Altman Companies, a nationally recognized developer, builder, and manager of rental apartment communities, in partnership with The Rockpoint Group, announced that the pre-leasing of Altís Grand Suncoast, a 449-unit upscale Apartment

Cronheim secures 75% LTC, 3-year fixed-rate construction financing for Class A multifamily

Edinburg, TX Cronheim Mortgage has secured a 75% LTC, three-year fixed-rate construction loan for the development of a 200-unit, Class A, resort-style multifamily complex dubbed, “Las Villitas.” The $18.3 million financing was closed with a regional bank and features a 36-month interest only period followed by a 12-year term. The property is a part of a larger master-planned mixed-use development by the sponsor, walking distance from what will be Class A retail amenities. The subject is located in the McAllen-Edinburg MSA, minutes from the University of Texas

BHI provides $6 million loan to refinance Casa Victoria Orchid Hotel

Miami, FL BHI, a full-service commercial bank, announced that it has provided a $6 million loan to refinance 1444 Drexel Ave. The loan provided by BHI will enable the Casa Victoria Orchid Hotel to further enhance the guest experience through strategic

VanTrust Real Estate named NAIOP 2023 developer of the year

Seattle, WA NAIOP, the Commercial Real Estate Development Association, has selected VanTrust Real Estate, LLC (VanTrust) as its 2023 Developer of the Year – the association's highest honor. The award will be presented during NAIOP's CRE.Converge conference this

Ross of Largo Capital arranges $1.8 million finance loan

Oshawa, ON Kevin Ross, managing director at Largo Capital Limited, arranged a $1.8 million non-recourse loan to finance a 9,688 s/f retail plaza. The property is currently 100% occupied with a variety of restaurant and food service tenants

Eastern Union secures $14.747 million to refinance two multifamily properties in Mobile, AL

Mobile, AL Eastern Union, one of the country's largest commercial real estate brokerage firms, has arranged $14.747 million in refinancing for two multifamily properties comprising a total of 334 units

The Altman Companies launch Altman Living, an affordable housing division with Schultz as president

Fort Lauderdale, FL The Altman Companies, a nationally recognized developer, builder, and manager of rental apartment communities, announced the launch of a new division, Altman Living, focused on creating affordable and workforce housing. The division intends to address the growing need for affordable housing in our communities and will serve as a strategic investment to complement and enhance the business of The Altman Companies

Avison Young appoints Klaff as U.S. president

Chicago, IL Avison Young announced that Harry Klaff will transition to the role of U.S. president. Klaff’s deep industry knowledge within the firm and the commercial real estate industry will position him to lead Avison Young’s U.S. team, working closely with the firm’s CEO, principals, and executive team. He will continue to operate out of Washington, D.C., overseeing the firm’s U.S. markets

FundRebel to acquire Nine Hollywood, a mixed-use development for $67 million

Hollywood, FL The investment platform FundRebel, LLC announced its first target asset is under contract to be acquired for $67 million. The property, Nine Hollywood, is situated in a high-demand area, centrally located just minutes