National News

Gottesman Real Estate Partners appoints Zachary Levine as vice president

strong>Tham, NJ Gottesman Real Estate Partners, a family owned and operated real estate company, has hired Zachary Levine as vice president, according to Andy Gottesman, company CEO. Levine will assist in overseeing the firm’s four-state portfolio

Bayport Funding provides $1.675 million ground-up construction loan for Paterson multifamily property

Paterson, NJ Bayport Funding, a direct private bridge lender for real estate developers, has closed a $1.675 million ground-up acquisition and construction loan to refinance an 11-unit, three-story multifamily property on Governor Street

Cleeman Realty Group facilitates $7.1 million sale of net-leased tops supermarket

Erie, PA Cleeman Realty Group completed the sale of a net-leased Tops supermarket property for $7.1 million. The property, encompassing 77,000 s/f on approximately 8.8 acres, is strategically located between Cleveland, Ohio, and Buffalo, New York

Ross of Largo Capital secures $6 million permanent first mortgage refinancing

Longueuil, QC Kevin Ross, managing director at Largo Capital Limited secured a permanent first mortgage to refinance the existing debt on a fully occupied medical office building. The subject property is comprised of 26,000 s/f of rentable

Levin Management achieves near-record leasing, historic construction volume in 2024

North Plainfield, NJ Illustrating the sustained resiliency of open-air retail product and the fundamental connection between property reinvestment and dealmaking success, Levin Management Corporation (LMC) achieved near-record leasing activity

Accordia announces brisk leasing activity across North Jersey and Rockland County, N.Y.

Fairfield, NJ According to Accordia, it has closed three lease transactions across two states. Strategic Family Wealth, signed a long-term renewal for 6,900 s/f at Greenbrook Executive Center

Rockaway Holding Group signs 124,556 s/f lease to open major donut manufacturing facility

Rockaway, NJ According to Savills, Rockaway Holding Group, LLC has signed a 15-year lease for 124,556 s/f at 25 Green Pn. The facility will become one of largest donut manufacturing facilities in North America

BKM Capital Partners acquires West Belt Business Park for $34.1 million

Houston, TX BKM Capital Partners (BKM), a vertically integrated institutional fund manager specializing in value-add light industrial properties, has acquired the West Belt Business Park for $34.1 million. The 260,887

Avatar Financial Group LLC provides $56-million loan for redevelopment project

Boulder, CO Avatar Financial Group LLC (“Avatar”), a leading Seattle-based national bridge lender specializing in commercial real estate, has provided a $56-million loan that will help to bring Williams Village, one of the largest

Cronheim Hotel Capital secures $18.2 million for the Aloft Hotel

Newport, KY Cronheim Hotel Capital (CHC) has secured $18.2M for the acquisition of the Aloft Hotel, directly across the Ohio River from downtown Cincinnati. The financing was originated with a regional bank and provided attractive