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BAYONNE, NJ—Penwood Real Estate Investment Management has acquired a 35-acre site in Bayonne, NJ, which includes a 167,000 square foot industrial building Penwood will renovate, and space for additional development of approximately 175,000 square feet.
PHILADELPHIA—An array of public and private partners, including Billy Procida's 100 Mile Fund, says it has finalized about $44 million in financing for the transformation of the city's historic Divine Lorraine Hotel into a mixed use multi-family and commercial building.
PHOENIX—Wetta Ventures announces the purchase of a retail building on the southeast corner of Indian School Road and 28th Street in Phoenix, which will be leased by two restaurants as part of an adaptive reuse project.
BELLEVUE, WA—A large-scale, single-point financing of this kind “is not generally available in the market for this long a period of time,” Cushman & Wakefield's David Karson tells GlobeSt.com <b>EXCLUSIVELY</b>.
BETHESDA, MD—Berkeley Point Capital reports that lending industry veteran David Lundin has been named chief underwriter for its FHA lending operations.