National

Signature Property Group refinanced Elevate Rocky River, a 360-unit rental community near Charlotte. Regions Bank arranged the $64 million Freddie Mac Loan.  The loan replaces a prior construction loan, following property stabilization, with a permanent debt solution. The community, in Monroe, North Carolina, offers one- and two-bedroom floor plans, is pet-friendly, and features modern, refined …

Southwire is spending over $250 million on the expansion of its Starkville, Mississippi factory. Southwire is a Georgia-based wire and cable manufacturer that first acquired its Starkville plant in 1989. The Starkville expansion project, which will add approximately 380,000 square feet to the location’s footprint and represents a corporate investment of more than $256 million, is …

JLL Capital Markets announced today that it has arranged $44 million in financing for 31 Milk St., an adaptive reuse multifamily redevelopment in Downtown Boston. Managing director Anthony Cutone, director Madeline Joyce and associates Michael Schwarze and Joe Marinaro represented the borrower, Dinosaur Capital Partners and Mugar Enterprises. The three-year, senior construction loan was provided …

Monarch Capital Partners, a Boston-based commercial real estate investment firm, completed its first acquisition: 115 & 117 Flanders Rd. in Westborough, MA. The 115,241-square-foot flex/R&D/office and shallow-bay industrial property was acquired for $10.7 million, or approximately $93 per square foot. The acquisition was completed through a joint venture between Monarch and Lockspur Real Estate, founded …

JLL Capital Markets arranged the $58.25-million sale of Marigold Center, a 174,428-square-foot grocery-anchored shopping center located at 3900 Broad St. in San Luis Obispo. Senior managing directors Gleb Lvovich and Geoff Tranchina, along with managing directors Daniel Tyner and Eric Kathrein, represented the seller, First Washington Realty. Nuveen Real Estate acquired the asset. Marigold Center …

Jonathan Rose Companies has acquired La Posada Apartments, a 150-unit, mixed-income community located at 609 Frederick St. in Santa Cruz. The $85-million transaction marks the ninth acquisition for the Rose Affordable Housing Preservation Fund VI and the firm’s second property in Santa Cruz.   In line with its longstanding mission to preserve existing affordable housing, Jonathan Rose Companies acquired the property …

Marcus & Millichap completed the sale of 5840 W. Ogden Ave., an 18,620-square-foot, net-leased Gerber Collision & Glass property in Cicero, Illinois. “This transaction provided the buyer with a newly renovated property backed by a new 15-year corporate lease with an established national, publicly traded tenant,” said Lior Regenstreif, executive managing director of investments. “The …

Lee & Associates negotiated a lease transaction for a 40,116-square-foot truck terminal located at 3301 Wireton Road, Units 101 & 105, Blue Island, Illinois. Sean Austin, principal at Lee & Associates of Illinois, represented the tenant, Beverly Freight, Inc., a licensed freight carrier. The landlord, Wireton 3301, LLC, was represented by Colin Green of CBRE. …

The Fuse Group and KREA Developments landed a $127 million construction take-out loan for The Arcadian, a recently delivered 502-unit Fort Lauderdale multifamily community. Berkadia’s Scott Wadler, Brad Williamson, Bobby Dockerty, and Nicholas Horowitz of Berkadia Miami arranged the financing on behalf of the joint venture. Madison Realty Capital provided the loan. Located at 640 …

April Housing, a preserver of affordable housing, inked a $366.1 million refinancing on 13 Florida apartment communities. Berkadia’s Tim Leonhard secured financing through Fannie Mae on behalf of April Housing, a Blackstone portfolio company. The portfolio includes garden-style multifamily housing assets in Miami, Jacksonville, and Tampa. The transaction advances the continued preservation and operation of …

KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a 2.7-million-square-foot portfolio of eight UK logistics assets from Ares Real Estate funds. According to published reports, the portfolio is valued at approximately £400 million (US$529 million). The fully occupied portfolio comprises modern, high-quality assets across established distribution markets in the …

Realty Income Corporation and KKR have formed a euro-denominated joint venture that is expected to own a diversified portfolio of existing European net lease real estate assets contributed by Realty Income, spanning four markets and a broad mix of industries and tenants. Capital accounts advised by KKR intend to make an initial investment of €528 …

Walker & Dunlop, Inc. said Monday it arranged $630,618,000 in fixed-rate loans from Fannie Mae to refinance nine multifamily properties across six states on behalf of IMT Capital. The portfolio totals 3,528 units in Florida, Arizona, Texas, Colorado, California and Tennessee. A Walker & Dunlop Capital Markets Real Estate Finance team led by Cory Wizenberg, …

Read the commercial real estate headlines and you would picture the market as rows of glass towers and mega-warehouses ringing a handful of big cities: distressed office high-rises, institutional write-downs, the occasional gateway-city megadeal. Big names, big cities, big bets, big wins and losses.  That may be the part that draws attention, but it’s not …

CBRE originated a $15-million loan for a 175-unit rent-stabilized multifamily property located at 430 and 499 E. 8th St. in the Midwood section of Brooklyn. The financing was secured on behalf of ARM Management through Four Leaf Credit Union.  The CBRE Capital Markets team of Judah Hammer, Jeff Feldman and Jack Hayes arranged the refinancing …

Avison Young arranged a $22.5-million permanent mortgage loan on behalf of an investor group led by Mountain Development Corp. (MDC) for Harbor Square, a 165,114-square-foot multi-building office campus at 700 and 850 Canal St. in Stamford, CT. Bank of Montreal (BMO) provided the financing. Avison Young’s Tri-State Debt and Equity Finance team led by principals …

Agora Realty (Agora) has started construction on the third and final phase of development for its 73-acre master planned mixed-use community Hylo Park.  When completed the new $375-million, 25-acre phase will be a professional-level, mixed-use youth sports-and sports tourism-focused walkable entertainment district with a complementary mix of quality amenities to serve residents, youth and amateur …

The Wrigley Mansion is joining the Arizona Biltmore under ownership by Henderson Park in a joint venture with Western & Southern Financial Group, and funds managed by Hamilton Lane, South Street Partners and Pyramid Global Hospitality. Pyramid Global Hospitality will oversee operations at both properties. It was sold by the Hormel family, who owned it …

Utah-based coworking company Kiln has signed a lease in Woodinville’s 19.5-acre Harvest development, with plans to open its 22,045-square-foot location at the site in 2027. It marks the company’s third new lease in the region this year, following deals in Seattle’s Fremont neighborhood and Bellevue. Those locations are expected to open in October and May …

Northmarq’s Seattle Debt + Equity team, led by Robert Spiro and Ben Biggers, arranged $25.5 million in acquisition financing for Chambers Reserve, a 125-unit luxury rental townhome community at 3725 Wildspitz Lane SE in Lacey, Washington. Northmarq arranged the permanent, fixed-rate loan through Freddie Mac on behalf of the borrower. The loan carries a seven-year term. …

Hunington Properties secured its financing, enabling it to begin work on The Vic at Sunterra, a 279-unit multifamily community in Katy. The $47 million, HUD 221(d)(4) non-recourse financing provides a high loan-to-cost ratio and substantial proceeds, with a 24-month interest-only period, followed by a fully amortizing 40-year term providing the borrower long-term stability and predictable …

Private equity investor Riverside has acquired Lavaca Plaza, an 11-story building with 122,042 square feet of office space in Austin, Texas, for an unspecified price. Unico Properties sold the asset. Commercial Search reports Unico paid $61.4 million for the property in 2015. In the marketing material, JLL suggested the property might be a candidate for …

Gold and Company, LLC, a commercial real estate firm serving the Baltimore metropolitan area, has facilitated the sale of a waterfront industrial property at 1935 and 1999 Chesapeake Ave. in Baltimore. The income-producing property, totaling 16.5 acres, was purchased by Miami-based Chesapeake Terminals for $11.1 million. The transaction was brokered by Senior Vice President Jim …

Rockpoint, a Boston-based real estate private equity firm, and Rockpoint Industrial, an operating partner exclusive to Rockpoint, announced the acquisition of Richmond Trade Center, a 1.03-million-square-foot, five-building industrial campus in Chester, Virginia. Rockhill, Rockpoint’s property services affiliate, will manage and operate the property. Financial terms of the transaction were not disclosed. Developed in 2015, Richmond …