News

NEW YORK CITY- New York and New Jersey transit infrastructure is growing worse despite economic dependency on the connective travel lines between…

Funding totaling $87 million was recently secured on behalf of SROA Capital for the refinancing of a 36-property portfolio of self-storage facilities spanning three states: Florida, Kentucky and Ohio.

The 136,000-square-foot site hosts a megastore and features a three-level, 60,000-square-foot parking garage and a public waterfront esplanade overlooking the Verrazano Bridge.

The new location, which is scheduled to open for business in the second quarter of 2020, will be Industrious' third in Philadelphia and the fourth location in partnership with Fashion District owner Macerich.

The 22-story office tower at 111 West Washington totals 585,000 square feet. Chicago-based Golub will assume management and leasing of the building that was constructed in 1913.

The development is a joint venture with 1026 Real Estate Investors, LLC, a New York City-based real estate investment firm headed by principal, Douglas Oliver. The facility will be professionally managed by CubeSmart Self Storage.

The New Jersey Housing and Mortgage Finance Agency awarded the $20.5-million development 9% Low Income Housing Tax Credits, which are expected to generate $15.9 million in private equity.

Sheppard, Mullin, Richter & Hampton LLP has hired Gail Suchman as a partner to the firm's Real Estate, Land Use and Environmental practice group.