A trap for the unwary in the CARES Act ‘retail glitch’ fix
When the CARES Act provided a technical correction for the so-called “retail glitch” in the Tax Cuts and Jobs Act, it also created a trap…
Finance
Suburban Chicago grocery-anchored retail center secures over $15 million in financing
JLL Capital Markets has arranged $15.68 million in financing for Red Top Plaza, a 147,840-square-foot retail center in Libertyville, Illinois. JLL worked on behalf of…
JLL secures $100M+ in capital for Fulton Market development
JLL Capital Markets has capitalized the development of a 278-unit, fully-amenitized apartment tower at 1400 Randolph Street in Chicago’s vibrant West Loop neighborhood and booming…
NorthMarq negotiates nearly $25M in acquisition financing for San Antonio rental property
NorthMarq arranged acquisition financing of $24.6 million for The Park on Wurzbach, a 264-unit multifamily property located at 4707 Wurzbach Road in San Antonio. NorthMarq…
Tom MacManus tapped as president of Money360
Money360, a commercial real estate direct lender, announced that industry veteran Tom MacManus has been named president of the firm. MacManus will be responsible for…
Old Three Hundred Capital lands $27.1M in acquisition financing for Cannon Oaks Apartments in Austin
JLL Capital Markets arranged $27.1 million in acquisition financing for the purchase of Cannon Oaks Apartments, a multi-housing property in Austin. JLL worked on behalf…
Austin self-storage acquisition financed
JLL Capital Markets has arranged financing for the acquisition of a newly constructed 1,152-unit, CubeSmart-branded self-storage facility in Austin. JLL worked on behalf of the…
Colliers Mortgage closes $9.8 million Fannie Mae Loan for Arroyo Square
The Minneapolis office of Colliers Mortgage, part of Colliers International | U.S., recently closed a $9.8 million Fannie Mae loan for the acquisition financing of…
Aeon, Community Development Trust and Minnesota Housing close $4.25 million refinancing of affordable apartments in Minnesota
Aeon, a nonprofit developer and operator in the Twin Cities; The Community Development Trust, a national investor in affordable housing; and Minnesota Housing closed the…
EVP with Colliers Mortgage earns top award from NAIOP Minnesota
Murray Kornberg, executive vice president of commercial lending with Colliers Mortgage, is the recipient of NAIOP Minnesota’s 2020 President’s Award. The President's Award is NAIOP’s…