Category: Outside The Region

Bayonne, NJ Meridian Capital Group has arranged $47.9 million in financing to refinance a portfolio of multifamily properties. The five-year loan features 24 months of interest-only payments, a five-year extension option, and was provided by a balance sheet lender. Meridian managing director, Judah Hammer, and vice president, Daniel Neiss, who are both based in the company’s New York

Palmdale, CA GFI Realty Services, LLC has closed on the $15.75 million sale of a 117.38-acre development site. Trader Joe’s is constructing a 1.03 million s/f distribution facility on the parcel with completion anticipated by the end of 2024. The GFI Realty Institutional Advisory team of Managing Director, Joshua Peck and Group Director, Susan Annis co-brokered this

Miami, FL Fisher Brothers, a fourth-generation real estate company that owns, manages and operates spaces across the country, announced the start of construction of Wynhouse Miami, a mixed-use multifamily development. Wynhouse Miami will rise eight stories and offer 308 rental residences, approximately 26,000 s/f of ground floor retail and paseo space and nearly 25,000 s/f of expansive indoor and outdoor

Port St. Lucie, FL BHI, a full-service commercial bank, announced that it has provided a $27.343 million Senior Secured construction loan to 13th Floor Homes LLC to finance enhancements to and completion of Villas of Torino, a multi-family

Wyomissing, PA Progress Realty Partners (PRP), a New Jersey-based private equity firm specializing in buying well-positioned commercial real estate throughout the country, along with real estate investment firm, Commerce Park Investors, have successfully acquired Park Place Center, a 143,000 s/f industrial-flex portfolio. “What attracted us to Park Place Center is its extraordinary

New Bern, NC Jack Phillips of Largo Capital arranged $11 million in financing

T&T Construction Management Group, Inc. announced its expansion, restructuring, and rebranding. The company has evolved to serve a large base of clients, ranging from those in the Northeastern United States to Florida and the Caribbean. Over the last quarter century, the organization has undergone tremendous growth. Based on these factors, the company is rebranding from T&T Construction of Central Fla. Inc. to T&T Construction

Gibbsboro, NJ Freshly Greene LLC has signed a five-year lease for 3,020 s/f of industrial space at an undisclosed location to manufacture cannabis infused olive oil as well as other cannabis products

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&

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

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