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News
IPA Arranges $75.1M Recapitalization for Monroe Hotel in Miami Beach
3+ day, 22+ hour ago (183+ words) MIAMI BEACH, FLA. — IPA Capital Markets, a division of Marcus & Millichap, has arranged the $75.1 million recapitalization of The Monroe Hotel, an 89-room luxury boutique hotel underway in Miami Beach. Situated in the city’s Faena District, the property is a $125.5 million…...
Affinius Capital Provides $310M Construction Loan for Jersey City Multifamily Project
4+ day, 21+ hour ago (217+ words) JERSEY CITY, N.J. — Affinius Capital has provided a $310 million construction loan for Park Tower, a 1,049-unit multifamily project in Jersey City. New York City-based Namdar Group is developing the project, which will be located in the city’s Journal Square neighborhood and…...
Corvant Signs 113,865 SF Industrial Lease in Douglasville, Georgia
1+ week, 4+ day ago (178+ words) DOUGLASVILLE, GA. — Corvant, an HVAC and mechanical plumbing manufacturer, has signed a full-building lease at LogistiCenter at Bright Star, a 113,865-square-foot industrial facility in Douglasville, a western suburb of Atlanta. The landlord, Dermody, recently delivered the rear-load facility, which features…...
SCALE Lending Provides $245M Loan for First Phase of Upland Park Apartments in Miami
1+ week, 4+ day ago (177+ words) MIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in Miami’s Sweetwater neighborhood. The transit-oriented project is a redevelopment…...
Connell Co. Begins Leasing 179-Unit Apartment Building in Berkeley Heights, New Jersey
1+ week, 4+ day ago (228+ words) BERKELEY HEIGHTS, N.J. — Locally based developer The Connell Co. has begun leasing RT500, a 179-unit apartment building located within The Park, a 185-acre mixed-use development in the Northern New Jersey community of Berkeley Heights. Minno & Wasko Architects and Planners, in collaboration with…...
Partnership Completes 300-Unit Apartment Complex in Livingston, New Jersey
1+ week, 4+ day ago (219+ words) LIVINGSTON, N.J. — A partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties has completed Canterly Place, a 300-unit apartment complex in the Northern New Jersey community of Livingston. Canterly Place offers one-, two- and three-bedroom units, 20 percent (60) of which…...
MDH Partners Buys Serrano Industrial Park in California’s Inland Empire West
2+ week, 3+ day ago (293+ words) JURUPA VALLEY, CALIF. — Atlanta-based investment firm MDH Partners has purchased Serrano Industrial Park, a Class A manufacturing campus in the Inland Empire city of Jurupa Valley. The new acquisition brings MDH’s California footprint to more than 1.5 million square feet. Newmark…...
MDH Partners Purchases Serrano Industrial Park in California???s Inland Empire West
2+ week, 3+ day ago (285+ words) JURUPA VALLEY, CALIF. — MDH Partners has purchased Serrano Industrial Park, a Class A manufacturing campus in Jurupa Valley. The new acquisition brings MDH’s California footprint to more than 1.5 million square feet. Newmark represented the undisclosed seller in the transaction, while…...
Newmark Arranges $277M Construction Loan for Jersey City Apartment Tower
2+ week, 4+ day ago (255+ words) JERSEY CITY, N.J. — Newmark has arranged a $277 million construction loan for 201 Hudson — by Urby, a 69-story apartment building that is being developed in Jersey City’s Paulus Hook neighborhood. The building will have 748 units in a mix of studio, one-, two- and…...
Gantry Arranges $24.4M Agency Permanent Loan for Colorado Springs Apartment Building
2+ week, 5+ day ago (253+ words) COLORADO SPRINGS, COLO. — Gantry has arranged a $24.4 million Freddie Mac permanent loan for The Edison at Chapel Hills, an apartment building in Colorado Springs’ Briargate neighborhood. Joe Monteleone and Bonnie Monteleone of Gantry arranged the loan on behalf of the…...