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Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

High-demand, grocery-anchored retail center in New Jersey sells for $15.9M

MORRISTOWN, Feb. 12, 2024 - JLL Capital Markets announced today that it has arranged the $15.9 million sale for Brook's Edge Plaza, a 70,274-square-foot shopping center located in Marlboro, New Jersey. JLL represented the seller, First Montgomery Group, and also procured the buyer. Brook's Edge Plaza, built in 2003, is 98.1% leased to a diverse range of essential retailers in ...

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12.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$79M financing secured for Puget Sound waterfront apartment community

SEATTLE, Feb. 12, 2024 - JLL announced today that it has arranged the $79 million refinancing of Marina Square, a 270-unit, newly built, luxury apartment community located on the Puget Sound waterfront in Bremerton, Washington. JLL represented the borrower, Sound West Group, to secure the five-year, floating-rate loan through TPG Real Estate Credit. Sound West Group was named ...

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12.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$175M financing secured for three trophy-tier multi-housing properties

DALLAS, Feb. 8, 2024 - JLL Capital Markets announced today that it has arranged the $175 million facility refinancing for a three-property, 882-unit, Class A multi-housing portfolio. JLL Capital Markets worked on behalf of the borrower, an investment vehicle sponsored by Willow Bridge Property Company, to seed a larger programmatic financing vehicle, allowing for flexibility i ...

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08.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$49M capitalized for the second phase of a New Jersey apartment development

MORRISTOWN, Feb. 8, 2024 - JLL Capital Markets announced today that it has arranged the $49 million capitalization of the 150-unit, two-building Riverwalk Phase IV, the second phase of a two-part multi-housing development located in Elmwood Park, New Jersey. JLL Capital Markets also provided construction financing for the previous phase of the development, Riverwalk Phase I-II ...

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08.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$51.1M in construction financing secured for a 50-unit active adult luxury condo development in California

SAN FRANCISCO, Feb. 8, 2024 -   JLL  Capital Markets announced today that it arranged $51.1 million in construction financing for 375 W El Pintado, a 50-unit, active adult luxury condo development in Danville, California. JLL represented the borrowers, Jeff Stone of Diamond Construction Inc. and three high net worth individuals, in securing the financing from a Southern Ca ...

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08.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL’s Hotels & Hospitality Group arranges the sale of the Aloft/Element Arundel Mills in Hanover, Maryland

WASHINGTON, D.C., Feb. 8, 2024 - JLL 's Hotels & Hospitality Group announced today that it arranged a sale on behalf of the seller of the dual-branded hotel Aloft/Element Arundel Mills BWI Airport in Hanover, Maryland, to Spark GHC. The Aloft consists of 142 guestrooms, and Element has 147 guestrooms. Key amenities include an indoor pool, fitness center, 24/7 market, guest ...

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08.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL Capital Markets welcomes two new affordable housing professionals

Chicago, Feb. 7, 2024 - JLL Capital Markets announced today that Senior Directors Rasto Gallo and Mike Klaskin have joined the firm's national affordable housing investment sales advisory team, where they will support JLL's efforts nationwide in the execution of affordable housing transactions with a focus on the Midwest. Based in the Chicago office, Gallo and Klaskin will rep ...

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07.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

ViaWest Group acquires six-building industrial portfolio in East Valley Phoenix

PHOENIX, Feb. 7, 2024 - ViaWest Group has completed the acquisition of a substantial industrial portfolio totalling 428,427 square feet in Gilbert, Arizona. The acquisition solidifies ViaWest Group's commitment to strategic real estate investments in the East Valley Phoenix area. JLL Capital Markets facilitated the transaction, representing the seller, and bringing ViaWest Gro ...

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07.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Recapitalization secured for generational, waterfront mixed-use asset in Newport Beach, CA

LOS ANGELES, Feb. 7, 2023 - JLL Capital Markets announced today that it closed the recapitalization of Lido Marina Village, a 3.06-acre, coastal mixed-use shopping center located in Newport Beach, California. JLL represented the existing ownership, DJM Capital and Arc Capital Partners through a partnership with Belay Investment Group, in the transaction with Redwood West joini ...

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07.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$60.9M refinancing secured for multi-housing development in Miami

MIAMI, February 5, 2024 - JLL Capital Markets announced today that it has arranged $60.9 million in construction takeout refinancing for The Kavista, a 282-unit, eight-story multi-housing development located in the El Portal neighborhood of Miami, Florida. JLL represented the borrower, Barrington Brothers, to secure the two-year, floating rate loan with Värde Partners. Upon c ...

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05.02.2024