Category: Outside The Region

Cronheim Mortgage finances industrial/flex building

Cronheim Mortgage finances industrial/flex building

January 14, 2025
New Providence, NJ Cronheim Mortgage secured a $5.85 million for an industrial flex building. Cronheim originally financed the property in 2014 for the borrower, RC-Central Ave Associates, L.L.C. The 2024 financing was structured on a 10/20 basis
TruAmerica Multifamily hires Ted Egner, Ben Finley and Stuart Cramer

TruAmerica Multifamily hires Ted Egner, Ben Finley and Stuart Cramer

January 14, 2025
Los Angeles, CA TruAmerica Multifamily, one of the nation’s leading multifamily investment firms, has expanded its flagship team and business lines, along with the significant launch of a new Affordable Housing vertical
Gottesman Real Estate Partners appoints Zachary Levine as vice president

Gottesman Real Estate Partners appoints Zachary Levine as vice president

January 14, 2025
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

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

January 14, 2025
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

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

January 14, 2025
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

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

January 14, 2025
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

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

January 14, 2025
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.

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

January 14, 2025
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 Holding Group signs 124,556 s/f lease to open major donut manufacturing facility

January 14, 2025
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

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

January 14, 2025
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

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

January 14, 2025
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

Cronheim Hotel Capital secures $18.2 million for the Aloft Hotel

January 14, 2025
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
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