National News

South Florida real estate investor uses Worth Avenue Capital loan to invest in a condo in West Palm Beach

West Palm Beach, FL Worth Avenue Capital, LLC (WAC) closed a $285,000 loan to a real estate investor in South Florida. The loan proceeds were used to purchase a condo on South Flagler Dr. The loan is secured by a blanket first mortgage on the condo unit that was purchased as well as a second mortgage on another property in

Cleeman Realty Group brokers off-market sale of Johnstowne Mall in Shelbyville, Illinois

Shelbyville, IL Cleeman Realty Group negotiated the off-market sale of Johnstowne Mall. The 70,338 s/f shopping center was 74% occupied at the time of closing and featured a lineup of national tenants including Dollar Tree, O’Reilly Auto Parts and Ace Hardware.

Cleeman Realty Group arranges $10.1m off-market sale of net lease Winn Dixie Supermarket in Laplace, LA

Laplace, LA Cleeman Realty Group negotiated the off-market sale of a freestanding Winn Dixie Supermarket. The 62,297 s/f building is located at 1830 West Airline Hwy. on a 7 acre lot. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented the buyer

The Broadway Company sells 'Le Charles' in Montreal for $8.65 million

Montreal, Canada Boston-based real estate investment firm The Broadway Company has sold 3639-3641 Sainte-Famille, a 51-unit apartment building in the heart of the McGill Student District in Montreal, Quebec, Canada. The sale price was $8.65 million CAD

Scheer and Cleeman of Cleeman Realty Group sell 56,504 s/f Winn Dixie Supermarket in Pinson, AL

Pinson, AL Cleeman Realty Group negotiated the off-market sale of a freestanding Winn Dixie Supermarket. The 56,504 s/f building is located

Newmark facilitates $457.5 million sale and $365 million financing of off-market multifamily portfolio

Oklahoma City, OK Newmark Multifamily has facilitated a $457.5 million sale and $365 million financing of a 20-property multifamily portfolio spanning from the Carolinas to Oklahoma. The 2,899-unit portfolio was sold for New York-based Cedar Grove Capital to Austin-based GVA Real Estate

DPS Group expands office in Philadelphia

Conshohocken, PA DPS Group, a privately-owned, global engineering, procurement, construction management, validation (EPCMV), and technical services firm serving the life science industries, has expanded

Community Housing Network announces $14 million housing investment in Sault Ste. Marie

Sault Ste. Marie, MI Community Housing Network, southeast Michigan’s largest housing resource nonprofit organization, will break ground this spring with support

Cleeman Realty Group arranges the $9 million portfolio sale of two net lease Winn Dixie supermarkets located in Florida

Willison, VT Cleeman Realty Group arranged the $9 million portfolio sale of two net lease Winn Dixie  supermarkets located in Williston and Crawfordville. Both properties recently underwent multi million dollar store renovations

Cronheim Mortgage secures $21 million for grocery anchored retail property in New Providence

New Providence, N.J. Cronheim Mortgage has arranged $21 million in permanent financing for a 108,000 s/f grocery-anchored shopping center. The 10-year financing amortizes over 30 years and was placed with American United Life Insurance Company, whom Cronheim represents as correspondent and servicer. The borrower