Monday, August 10, 2026
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MultifamilyNortheast

CRONHEIM ARRANGES $20.6M LOAN FOR APT. PORTFOLIO

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NEW YORK CITY — Cronheim Mortgage has secured $20.6 million in acquisition financing for an eight-building, 229-unit, multifamily portfolio located in the Manhattan neighborhoods of Washington Heights and Inwood. The funding was sourced from two banks, each of which financed four buildings for $10.6 million and $10 million on a nonrecourse basis. The combined facility provided 79 percent loan-to-cost financing for the $26 million multifamily purchase. The 10-year loans carry an average 4 percent fixed interest rate and features a 30-year amortization schedule. David Turley and Janet Proscia of Cronheim Mortgage secured the loans.

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IndustrialNortheast

COREN-INDIK INC. SELLS 50,000 SF FACILITY IN FEASTERVILLE, PA.

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FEASTERVILLE, PA. — Coren-Indik Inc. has sold 915 Pennsylvania Blvd., a 50,000-square-foot industrial facility in Feasterville, located about 20 miles northeast of Philadelphia, for an undisclosed amount. The building, situated on 2.5 acres, was purchased by Oliver-Tolas Healthcare Packaging Inc. The new owner plans to renovate the building and use the facility to house its expanding operations. The location, near Street Road and U.S. Route 1, provides easy access for employees and trucks. Sidney Gable and Steven Gable of Sidney E. Gable Associates Inc. arranged the sale.

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NortheastOffice

RISK PLACEMENT SERVICES SIGNS 4,366 SF LEASE

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NEW YORK CITY — Risk Placement Services Inc., a national wholesale insurance brokerage, has signed a 4,366-square-foot lease at 100 Wall St., occupying a portion of the fifth floor for a seven-year term. Scott Cahaly and Mitchell Konsker of Jones Lang LaSalle represented the landlord, Savanna, in the transaction. Alex Jinishian of Colliers International represented the tenant.

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NortheastRetail

O,R&L COMMERCIAL ARRANGES 5,000 SF LEASE

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OLD SAYBROOK, CONN. — O,R&L Commercial LLC has arranged the 5,000-square-foot lease of the former Pat’s Kountry Kitchen in Old Saybrook, about 40 miles south of Hartford. The building will be the second location for Terra Nostra Ristorante Italiano and Steak House. The property is located at the corner of Boston Post Road and Mill Rock Road East. Richard Gold and Tim McMahon of O,R&L Commercial represented the landlord, Pat Brink, in the transaction.

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HealthcareTexas

CBRE ARRANGES SALE OF EMERGENCY CENTER IN BASTROP

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BASTROP, TEXAS — CBRE has arranged the sale of St. David's Emergency Center-Bastrop, a 28,500-square-foot, freestanding emergency department in Bastrop. Austin-based Long View Equity Partners purchased the property, which is fully leased to St. David's HealthCare System. Scott Herbold, Chris Bodnar and Lee Asher of CBRE's U.S. Healthcare Capital Markets Group represented the seller in the transaction.

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IndustrialTexas

ARCH-CON BREAKS GROUND ON HOUSTON BUSINESS PARK

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HOUSTON — Arch-Con Construction has begun construction on DCT Beltway Tanner Business Park in Houston. The 133,000-square-foot facility is located at 5980 W. Sam Houston Parkway. DCT Industrial Trust is developing the project and Long Beach, Calif.-based Carlile Coatsworth Architects is designing the property. The project is slated for a third quarter 2013 completion.

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IndustrialTexas

TWEAKER ENERGY DRINKS BUYS MANUFACTURING FACILITY

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DALLAS — Dallas-based Tweaker Energy Drinks has purchased the former El Fenix headquarters, a 32,086-square-foot industrial property in Dallas. The manufacturing/distribution facility is located at 11075 Harry Hines. El Fenix previously used the location to make chips for all its restaurants. Mark Miller and Jim Svidron of NAI Roberty Lynn Industrial Division represented both the seller and Tweaker in the transaction.

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RetailWestern

BARKER BLOCK BREAKS GROUND ON FINAL PHASE IN LOS ANGELES

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LOS ANGELES — Barker Block, a multifamily community located in the Arts District of Downtown Los Angeles, has broken ground on its final phase. This phase will convert an old warehouse into 68 lofts and townhomes. Once the project is complete, the $150-million Barker Block will boast 309 condo units. They will be the first for-sale homes to hit the market in Los Angeles since the economic downturn. The project was developed by Blackstone and CityView in partnership with the Kor Group. It was designed by Nakada and Associates.

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RetailWestern

CVS PLAZA IN HUNTINGTON BEACH RECEIVES $8.4M LOAN

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HUNTINGTON BEACH, CALIF. — Sampont Properties has received an $8.4-million acquisition loan for CVS Plaza, a 31,140-square-foot, multi-tenant retail center in Huntington Beach. The center is located on 2.54 acres at 18872-17922 Beach Blvd. It is fully leased to tenants including CVS/pharmacy, Starbucks, O’Reilly Auto Parts, Verizon Wireless and Bank of America.Sampont was represented by Jim Wellbaum of Triwell Properties. The seller, ValCenters, was represented by William B. Asher, Eric P. Wohl and Edward B. Hanley of Hanley Investment Real Estate Advisors. CVS Plaza was built in 2004 and remodeled in 2008. The total sales price for the property was $13.87 million. Financing was provided by Kenny Lim of Farmers & Merchants Bank.

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