Category: Outside The Region

Hoboken, NJ Faropoint, a leading real estate investment management firm focused on last-mile properties in high population growth markets, has secured $1.57 billion in funding over the past 14 months through several credit facilities. The facilities were led by KeyBank, as Left Lead

Davenport, IA In conjunction with Churchwick Partners, David Kaye and Joe Listhaus of Rockledge purchased the 122 Key Woodspring Suites Davenport Quad Cities in an off-market transaction, adding to their hospitality portfolio. This marks the 13th extended stay hotel purchased by the group in 2022, and their 11th state nationwide. This purchase has pushed the group’s key count to over 1,600.

Naples, FL Kevin Coscia, managing director at the Largo Group of Companies, secured a $18 million, 75% LTC construction loan for a 124 key Hampton Inn & Suites. Naples is currently experiencing a population boom and record-breaking tourism. The greater Naples area has grown

Vancouver, WA LRS Architects has completed its design work for a new apartment complex as a part of the revitalized Vancouver Waterfront, The Columbia. The seven-story, 300,000 s/f complex is a 248-unit U-shaped building with unobstructed views of the Columbia River and access to a variety of amenities

Philadelphia, PA BG Capital, a Philadelphia-based commercial real estate investment firm, announced a new strategic real estate partnership with New Jersey based cold storage operator FreezPak Logistics to

Chicago, IL JLL has acquired Metropolitan Valuation Services (MVS), one of the largest independent commercial property appraisal and real estate consulting firms in the greater New York metropolitan area.

Philadelphia, PA Faropoint, a leading real estate investment firm, has completed the sale of 109 last-mile logistics buildings to a private buyer for $481 million. The portfolio consists of 6.8 million s/f of warehouse space largely concentrated in Atlanta, Philadelphia, Houston and Memphis.

South Plainfield, NJ JLL Capital Markets has arranged a $25 million construction loan for Bridge Point South Plainfield, an under construction, 189,059 s/f, Class A warehouse and distribution

Boca Raton, FL Axiom Capital Corp. has structured and arranged a $8.475 million permanent loan (10-year loan, fixed rate, non-recourse) for the acquisition of a single tenant retail

Paterson, NJ JLL Capital Markets has arranged acquisition financing for a fully leased, 66,000 s/f light industrial building with nearly an acre of outdoor storage space.

San Deigo, CA An important classified facility at the Point Loma Naval Base is sporting new windows as it overlooks the Pacific Ocean. The building, which has been described as a modern day “technical lighthouse” for US Navy ships

Mountainside, NJ Dave Carswell, managing director at Largo Capital, arranged $10.53 million in acquisition financing for a pair of industrial buildings. The properties consist of 80,000 s/f and are situated on 9 acres directly off U.S. Route 22.