Business Specialties
Meridian Arranges $200M in Financing for M-U Commercial Property in NYC
Meridian Capital Group has arranged $200 million in acquisition financing for the mixed-use commercial building at 530 Broadway in New York, on behalf of a venture led by Jeff Sutton’s Wharton Properties.
Diversified JV Buys 15-Acre M-F Development Parcel in Union, NJ
Diversified Realty Advisors in a joint venture with the Fidelco Realty Group has bought a 15-acre residential development parcel at 400 Clermont Terrace in Union Township, N.J.
Massive All-Season Water Park to Make a Splash in Toronto
Development group marbleLIVE is building a 100,000-square-foot, year-round indoor/outdoor water park and event complex in the Greater Toronto Area.
Simon Baron Grabs M-F Property on NYC’s Upper East Side from Nostra for $105M
Simon Baron Development Group has purchased the 13-story, 65-unit apartment building at 12 E. 88th St. in Manhattan from Nostra Realty for $105 million.
USAA Buys 916 KSF Industrial Portfolio in California’s Central Valley
USAA Real Estate Co. has acquired two Class A modern bulk warehouse distribution properties totaling 916,035 square feet in Stockton, Calif., in a bankruptcy process.
Executive Spotlight, Wilfred Cooper Jr., WNC & Associates Inc.
Will Cooper Jr. has led WNC & Associates’ expansion in LIHTC and New Markets Tax Credit investment. He continues to close record-breaking deals as he explores new investment possibilities.
DeWitt to Develop Luxury Apartments in Wilmington, NC
Downtown Wilmington, N.C., will soon get a brand new addition to its in-demand pool of multi-family offerings, now that DeWitt Carolinas has revealed plans to commence development of Pier 33 Apartments this fall.
Tishman Develops Class A Project in Bulgaria; Candy Crush Saga Developer Relocates, Expands in Romania
Tishman International has completed the development of a 194,000-square-foot Class A project in Bulgaria. Meanwhile in Romania, mobile games developer King will expand its current operations in the city of Bucharest by leasing 18,000 square feet of space in the Opera Center office property.
Phase 1 of Wharf, M-U Waterfront Development in DC, Breaks Ground
Development of Phase One of the 24-acre, $2 billion The Wharf project along Washington, D.C.’s Southwest Waterfront got underway this week, eight years after it was proposed.
Jaylor Services Gets $65M in Financing for Burger King Portfolio
Affiliates of Jaylor Services are set to get $65 million in financing, courtesy of Ladder Capital, for a 99-property Burger King portfolio located throughout six states.