Faropoint, a Hoboken, NJ-based real estate investment firm focused on last-mile industrial properties, has secured a $150 million acquisition line with a leading U.S. financial institution for its Industrial Sale-Leaseback (ISLB) Fund. This marks the second loan facility provided to…
Gateway Jax received the go-ahead on the first of five blocks for its $419 million Pearl Street District development, which promises 1,000 residential units and thousands of square feet of retail . The city approved a permit for the first phase, called Block…
Work is heating up at the site for the East Civic Tower, the new city hall complex at the corner of Hargett and McDowell streets across from Nash Square. The site is next to the city’s current municipal complex. The Triad…
Crescent Communities is hoping to get final approvals from Mecklenburg County to build a 31- story high-rise at 1102 S. Tryon St. in South End. The company took out permits with the county totaling $126.3 million. The Charlotte Business Journal…
Mesa West Capital has provided a joint venture of AEW Capital Management, Thrive Senior Living and Pike Construction with a $57-million loan to refinance Thrive at Montvale, a 203-unit senior housing community in Montvale, NJ. The five-year, floating-rate loan is secured by…
Hanley Investment Group Real Estate Advisors arranged the sale of a new construction Quick Quack Car Wash in Yucca Valley. The car wash is located on a pad within a Stater Bros-anchored shopping center. The absolute triple-net ground lease sold for…
Public input will be permitted Tuesday at the second of two City Council subcommittee hearings on the Adams administration’s “City of Yes” proposal, reported the New York Business Journal. The full City Council is expected to vote on the proposal,…
Meridian has purchased a vacant 94,569-square-foot medical building in Tucson located at 4888 N. Stone Avenue on a 9.27-acre parcel. The property will be fully occupied by El Rio Health, an affordable healthcare provider in Tucson for 54 years. Meridian…
Even as net lease retail inventory has expanded significantly, growing from $9 billion in 2022 to more than $24 billion today, quick-service restaurants have outperformed expectations and outpaced many other categories within the space, Northmarq says in a new report….
The developers behind the Empire Hotel are embarking on a $25 million remake of the building. The project calls for redeveloping 100,000 square feet at 228 S. Main St. Upon full buildout, the project will include 38 residences, a 35-room…
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