Leon Capital Group secured $58 million in construction financing for its 303-unit multifamily development in Morrisville. ACORE Capital Capital was the lender for the Raleigh/Durham area project at 3000 Bearing Way. David Cocanougher, President of Leon Multifamily, added, “We believe…
Leyad, a real estate investment firm based in Canada, has acquired the Ink48 Hotel in Midtown Manhattan’s Hell’s Kitchen neighborhood in a 50/50 joint venture with locally based private equity firm Capstone Equities. The deal marks Leyad’s first purchase in the New…
RIPCO Real Estate closed the sale of 350 Grand Concourse, a prime development site located in the Mott Haven neighborhood of the Bronx. The buyer, Shorewood Real Estate Group, acquired the site for $28.5 million from Atlantic Development & Investment. RIPCO…
The Northeast Science and Technology (NEST) Center, a redevelopment of the former Merck global headquarters in Kenilworth, NJ, announced New Jersey Institute of Technology (NJIT) as its first academic partner at the campus. The university plans to establish the NJIT @ NEST…
The Menkiti Group celebrated the grand opening of 526-536 Main St., a transformative mixed-use redevelopment in Worcester, MA’s historic Theatre District. The restored building, historically known as the Ransom F. Taylor Block, now serves as a hub for office, commercial and retail activity, including…
MonticelloAM, a specialized multifamily and seniors housing bridge lending platform, closed an $87,150,000 bridge loan for 39 residential assisted living communities in Fresno. The borrower was not disclosed. Expanding its relationship with MonticelloAM, the borrower plans to use the bridge loan…
Walker & Dunlop arranged $23.9M in construction equity for Emberwood, a to-be-built senior affordable housing apartment complex located in Casa Grande, Arizona. The W&D Affordable Equity team led by Aaron Krasnow arranged the equity on behalf of the client, Roers Companies. ($23.9 million 4% LIHTC and…
Fuquay-Varina had 18,000 people in 2010. Now it’s near 40,000, and town leaders are moving fast to accommodate the growth. A rezoning was for nine parcels totaling 87.98 acres that went from residential agriculture to commercial mixed-use. A development, to…
Newmark Group has arranged a $400 million credit facility for PORT 32 Marinas to refinance its existing portfolio of coastal marinas, and to fund the future acquisition of marinas. Newmark’s Jordan Roeschlaub, Chris Kramer and Jonathan Firestone arranged the financing, which was provided by…
The global financial sector is anticipated to grow, not just in 2025 but through 2030. In addition, banks and other institutions plan to boost their workforces by looking for talent with skills in data analytics, AI, cybersecurity, and software engineering….
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