National News

AREA15 to expand district by 20 acres

Las Vegas, NV AREA15, the immersive art and entertainment district, announced an expansion spanning 20 acres to its north along Interstate 15. Universal Parks & Resorts will anchor the District expansion with a new, year-round horror entertainment

IIBEC’s 40th anniversary at the 2023 IIBEC International Convention and Trade Show

Raleigh, NC Celebrating its 40th anniversary, IIBEC will return to Houston, TX, for the 2023 IIBEC International Convention and Trade Show, March 3–6. Building enclosure professionals from across North America and more than 110 exhibitors

Marcus & Millichap brokers sale of a 25,000 s/f office building in Ocean Township, NJ

Ocean Township, NJ Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the sale of Ansell Grimm Office Building, a 25,000 s/f property

G.S. Wilcox & Co. arranges $10 million in financing for affordable development

Union, NJ G.S. Wilcox & Co. has completed $10 million in permanent financing for a 2 building, 88-unit affordable housing apartment community. The financing, arranged by Gretchen Wilcox, president, and David Fryer, principal, was secured

Gebroe-Hammer Associates arrange $11.9 million sale of two multifamily properties

East Orange, NJ Gebroe-Hammer Associates’ executive managing director and East Orange market specialist David Oropeza has brokered the $11.9 million sale of 17 Summit St. and 60 North Arlington Ave. Apartments, two historic residential

JLL Capital Markets arranged a $250 million credit facility for United Hampshite US REIT

JLL Capital Markets has arranged a $250 million credit facility for United Hampshire US REIT, a Singapore REIT with 23 properties located across the East Coast. JLL’s Corporate Banking Advisory Group (“CBA”) represented the corporate borrowers

JRM Construction begins work on Rutgers new admissions office

Newark, NJ  JRM Construction Management will collaborate with L+M Development Partners to construct a new admissions office for Rutgers, The State University of New Jersey encompassing 4,122 s/f. The new office will be located at 155 Washington St.

Fenestration and Glazing Industry Alliance plans 2023-2024 events

Schaumburg, IL The Fenestration and Glazing Industry Alliance (FGIA) has formalized its 2023 and 2024 conference schedule, beginning with the FGIA 2023 Annual Conference taking place February 13-16 in Coronado, CA. “FGIA is excited to share a new slate of host cities, which we feel is a great mix of both member favorite locales and new sites for the Association

Cantor Fitzgerald sells 865 Bellevue Apartments in Nashville

Nashville, TN Cantor Fitzgerald, L.P. (Cantor Fitzgerald1) has sold 865 Bellevue Apartments. The sale was facilitated on behalf of investors in 865 Bellevue Apartments, resulting in a total return of 156% of their aggregate original investment and an internal rate of return of 15% over the approximately three-year hold period.2

Knowlton of Capstone sells Union Boulevard Apartments for $6.4 million

Colorado Springs, CO Capstone has closed the sale of 801-849 S Union Blvd., a 29,732 s/f multifamily property for the sale price of $6.4 million.  Pat Knowlton of Capstone represented the seller and the buyer. Union Boulevard Apartments was built in 1972 and has undergone significant upgrades throughout the property, including parking lots,