Posted on 5/19/20

Fairstead Adds Kevin Day and Robert Dunn to Asset Management Team

Fairstead, a fully-integrated real estate firm committed to affordable housing, announced the appointment of Kevin Day

Posted on 5/18/20

JLL Secures $20M Refinancing for Cold Storage Facility Near Port Newark-Elizabeth

JLL Capital Markets announced today that it has arranged a $20 million refinancing for 735 Dowd Ave., a 175,000-square-foot cold-storage facility near Port Newark-Elizabeth in the . . .

Posted on 5/18/20

JLL Completes 4 Retail Leases Totaling 18,809 SF in New Jersey

Stumpy’s Bergen, Ivy Rehab, PJ’s Coffee and Custom Ink each open new stores throughout the Garden StateJLL has completed four retail leases, totaling 18,809 square feet, . . .

Posted on 5/18/20

ERA Real Estate Names American Real Estate ERA Powered Winner Of Gene Francis Memorial Award

ERA® Real Estate, a global franchising leader within the Realogy family of companies, has named American Real Estate ERA Powered, serving east and southeast Texas, as . . .

Posted on 5/18/20

Mack-Cali Sends Letter to Shareholders

Posted on 5/18/20

WeWork's Valuation Drops to $2.9B

SoftBank (OTCPK:SFTBF,OTCPK:SFTBY) valued WeWork (WE) at $2.9B as of March 31, based on a discounted cash

Posted on 5/18/20

SLC Management Successfully Raises $500M for TALF 2020 Strategy

SLC Management, the $168 billion institutional asset management business of Sun Life Financial, today announced the successful closing of their Term Asset-Backed Securities Loan Facility (TALF) . . .

Posted on 5/18/20

Global Net Lease Completes European Refinancing With €70 Million French Loan; Signs Term Sheet For $88 Million Whirlpool Portfolio Financing

Global Net Lease, Inc. (NYSE: GNL) announced today that it closed on a multi-property refinancing encumbering seven properties in France and signed a term sheet for . . .

Posted on 5/17/20

Power REIT Acquires Greenhouse Property

Old Bethpage, New York, May 15, 2020 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW) today announced that it acquired a 3 acre property in York County, . . .

Posted on 5/17/20

Greystone Closes $65M Freddie Mac Loan for The Lions Group’s Newly-Built Multifamily Project in Long Island City, Queens

NEW YORK, (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory firm, today announced it has provided a $65,000,000 Freddie Mac loan . . .

Posted on 5/17/20

Greystone Provides $76.7M Fannie Mae DUS Loan to Refinance a Multifamily Property in Huntingdon Valley, PA

NEW YORK, (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate lending, investment, and advisory company, has provided a $76,700,000 Fannie Mae Delegated Underwriting and . . .

Posted on 5/17/20

Lexington Realty Trust Announces Public Offering of Common Shares

NEW YORK, (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it . . .

Posted on 5/15/20

JLL Selected by BRP Companies to Arrange Joint Venture Equity for $286M Archer Towers Project

Firm to arrange equity financing for mixed-income residential development at 163-05 Archer Avenue in Jamaica, Queens, NY; project located in opportunity zoneJLL Capital Markets was selected . . .

Posted on 5/15/20

CoreNet NYC Discusses Impact Of Augmented Reality On The Real Estate Industry At CoreNet Plugged In Event

CoreNet Global NYC (CoreNet) hosted a virtual webinar, CoreNet Plugged In: Impacts of Augmented Reality on Real Estate, on April 29. Featuring Layer Group Partner Neil . . .

Posted on 5/17/20

Vantage Real Estate Services Represents TriWire Engineering Solutions with New Location in South Jersey

Firm Signs Long-Term Lease in Hammonton, NJ Vantage Real Estate Services is thrilled to announce another successful industrial lease in Hammonton, NJ. The brokerage represented 1001 . . .

Posted on 5/14/20

Kennedy Funding Closes $2.633M Land Loan for Residential Development in Brazil

Securing funding for international projects is already difficult for borrowers, but bring an ongoing global pandemic and a challenging geopolitical situation into the mix, and the . . .

Posted on 5/14/20

Century 21 Real Estate Hispanic Sales Professionals Honored In "NAHREP Top 250 Report"

Century 21 Real Estate LLC is proud to announce that 32 of its affiliated relentless sales professionals earned their way onto the National Association of Hispanic . . .

Posted on 5/14/20

Wedgewood Pharmacy to Acquire 503B Outsourcing Facility

SWEDESBORO, N.J.--(BUSINESS WIRE)--Wedgewood Pharmacy has reached a definitive agreement to purchase the San Jose, California-based assets of Leiters Enterprises. These assets comprise the equipment and facilities . . .

Posted on 5/14/20

Lexerd Capital and LMS Harbison Announce Joint Venture Acquisition of Multifamily Property in Columbia, SC

SUMMIT, N.J.--(BUSINESS WIRE)--Lexerd Capital Management LLC, a New Jersey-based real estate firm, in a joint venture partnership with LMS Harbison today announced the acquisition of “The . . .

Posted on 5/14/20

Greystone Provides $30.8M to Refinance Two Multifamily Sites in Queens

Greystone, a leading national commercial real estate lending, investment, and advisory company, has provided $30,865,000 in Fannie Mae Delegated Underwriting and Servicing (DUS®) loans to refinance . . .

Posted on 5/14/20

CIT Provides $21M Medical Office Portfolio Loan

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit served as the sole lead arranger on a $21 million acquisition financing for a . . .

Posted on 5/14/20

J.P. Morgan Asset Management Commences First Development in $625M JV with American Homes 4 Rent

J.P. Morgan Asset Management has closed on its first joint venture project with American Homes 4 Rent (NYSE: AMH), a leader in the single-family home rental . . .

Posted on 5/14/20

Avison Young’s Tri-State Investment Sales Group Stays Active During Shutdown

While New York State has been on pause, Avison Young’s Tri-State Investment Sales group has been moving

Posted on 5/14/20

JLL Closes $8.75M Sale of Philadelphia Light Industrial Building

Mountain Development Corp. purchased the fully leased propertyJLL Capital Markets announced today that it has closed the $8.75 million sale of an 86,315-square-foot light industrial building . . .

Posted on 5/14/20

Construction Starts Show Sharp Contraction in April

HAMILTON, N.J.--(BUSINESS WIRE)--Total construction starts declined 25% from March to April to a seasonally adjusted annual rate of $572.2 billion as COVID-19 and economic recession hit . . .