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Expands development capabilities, with projects underway at Frederick Brickworks & Midtown64 Baltimore, MD — Greenberg Gibbons announced that it has launched a new residential division, expanding on the firm’s in-house capabilities. Led by senior vice president David Bookhout, who brings deep expertise in multifamily development, the new division enables Greenberg Gibbons to directly plan and deliver residential communities as integrated components of its mixed-use destinatio

East Hanover, NJ — CBRE announced that it secured a $20 million construction loan from Provident Bank on behalf of New Vernon Equities for the development of 80 Arena Way, a 100,000 s/f speculative industrial facility on the site of a former office building in East Hanover. The CBRE Capital Markets team of Matthew Pizzolato, Josh Stein and Carlos Silva arranged the financing on behalf of the borrower. Newmark has been retained to handle leasing at the property, with a team le

Falls Church, VA — Berkadia arranged $114 million in debt and equity financing for developer Rushmark Properties to build a 305-unit class A multifamily community adjacent to the West Falls Church Metro Station in Falls Church. The $136 million project, set to open in 2028, is part of a larger master planning effort across 42 acres in Fairfax County and the City of Falls Church to redevelop former parking lots and obsolescent buildings into a mixed-use neighborhood encompassi

Including Water Tower Square in Montgomeryville PENNSYLVANIA — CBRE arranged the sale of two Pennsylvania shopping centers totaling 379,272 s/f, including Water Tower Square in Montgomeryville and Dickson City Commons in Dickson City. Water Tower Square In Montgomeryville, ECHO Realty and TPG acquired the 269,018 s/f Water Tower Square from The Goldenberg Group through a newly formed joint venture, marking the partnership’s first acquisition. Chris Munley, Colin Behr, Ryan Sc

HUNTINGDON VALLEY, PA — Wilder announced the acquisition of The Marketplace at Huntingdon Valley, a 257,000 s/f community shopping center in Pennsylvania, through a newly formed investment partnership with investors advised by J.P. Morgan Asset Management. Located at 2010 County Line Rd. in Huntingdon Valley, the center is anchored by Weis Markets, the tenant roster includes a complementary mix of national, regional, and service-oriented retailers, including LA Fitness, Penn

CAPITOL HEIGHTS, MD — Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Coral Hills, an 85,514 s/f shopping center in Capitol Heights. David Crotts and Dean Zang of IPA represented the seller, a national investment management company, and procured the buyer. Jared Cassidy, senior director in MMCC’s Washington, DC office, secured the financing on behalf of the buyer through an international bank. Constructed in 1988 on

JERSEY CITY, NJ — Planet Fitness is coming to Twin City Shopping Center in Jersey City, bringing the 95,000 s/f, grocery-anchored property to full occupancy. The nationally recognized fitness brand has leased a 16,000 s/f space at the center, located at the intersection of Garfield Ave./Broadway and 53rd St. Levin Management Corporation (LMC) serves as leasing and managing agent for Twin City Shopping Center. E.J. Moawad, LMC senior leasing representative, arranged the lease

Cushman & Wakefield’s Brad Domenico and team source debt from Provident Bank Warren, OH — Bennett Capital Advisors (BCA) announced the acquisition of Jamestown Village Plaza, marking BCA’s first acquisition since its inception earlier this year. Located in Warren, OH, the 107,000 s/f center is anchored by Giant Eagle and was acquired for $8 million, or $75 psf, at roughly 80% occupancy. This acquisition reflects the type of opportunity the BCA platform has modeled: fundamenta

NEW YORK, NY — Cushman & Wakefield, a global real estate services firm, announced that Michael Schirick has joined the organization as the Tri-State Market Lead for Valuation & Advisory (V&A). In this role, Schirick will oversee the firm’s valuation business across New York, New Jersey and Connecticut, working closely with the national V&A leadership team to advance the firm’s client strategy throughout the Tri-State market. “Michael brings an exceptional combination of indus