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Mixed-use project to spur investment along key stretch of Long Branch’s Broadway Corridor Shown from left: Debra Tantleff, founding principal of TANTUM Real Estate; James Taylor, CEO of Downeaster Development; Long Branch Mayor John Pallone; Long Branch Councilman Bill Dangler; and Charles Shirley, business administrator. TANTUM Real Estate© LONG BRANCH, NJ — Downeaster Development and TANTUM Real Estate broke ground on The Elbie, a 78-unit rental community that will bring re

Harrisburg, PA — Campbell Commercial Partners has successfully sold 8011 Paxton St. in Harrisburg. The 1.55 acre property was purchased by Dillsburg Roofing Siding and Windows, LLC. The flex property is comprised of multiple buildings totaling approximately 9,055 s/f. Larry Kostelac of Campbell Commercial Partners represented the seller in the transaction. Laura Martin of SVN Latus represented the buyer.

WASHINGTON, DC — Marcus & Millichap Capital Corporation (MMCC) arranged $4,134,000 in financing for a newly built, 11-unit multifamily property located at 1706 17th St. Southeast in Washington, DC. Jared Cassidy, senior director in MMCC’s Washington, D.C. office secured 5-year, non-recourse agency financing at 70% loan-to-value on behalf of a private client. The loan also includes 3 years of interest-only payments and a flexible prepayment structure. “This financing supports

Greensboro, NC and Richmond, VA — G.S. Wilcox & Co. has completed $18.9 million in combined financing for two retail properties in Greensboro, North Carolina and Richmond, Virginia for a New Jersey-based borrower. Both retail properties are anchored by the local grocery chain Food Lion. The financings were arranged by Bridget Wilcox, partner, Wesley Wilcox, partner, and Will Gallagher, associate Producer, and were secured through two correspondent life insurance companies of

MILLVILLE, DE — Institutional Property Advisors (IPA) announced the sale and financing of Ascend by the Sea, a 216-unit multifamily asset in Millville, DE. “Located in Sussex County, the fastest-growing county in Delaware and part of the Delmarva Peninsula coastal corridor, Ascend by the Sea has virtually no competition from other institutional-quality multifamily rental communities,” said Bob Dean, IPA senior managing director. “Within a two-mile radius, the population has i

Parsippany, NJ — A joint venture partnership between Rubenstein Partners, L.P. (including its affiliates, “Rubenstein”) and Vision Real Estate Partners, (“Vision”) a fully-integrated commercial real estate investment firm, secured an $80 million refinancing of LATITUDE, a 35-acre, two-building trophy office campus in Parsippany, NJ. The new loan, provided by Oak Funding and Oak North Bank, retired the existing debt on LATITUDE and provides new capital to support the joint ven

Robert Adams of Garden State Realty brokers transactions 35-51 Kulick Road, Fairfield Northern New Jersey — Saddleback Real Estate Developers, a New Jersey-based owner and developer specializing in industrial real estate, announced a series of leasing transactions totaling 96,535 s/f across Northern New Jersey, continuing the company’s strong activity across its industrial portfolio. Led by chairman Salvatore Frassetto and president Terry Frassetto, Saddleback has developed a

The Inkwell Lofts (Credit: Oliver Tasho) LONG BRANCH, NJ — Inspired by Somerset Development, the firm widely recognized for its transformative Bell Works portfolio, is proud to announce the official grand opening of The Inkwell Lofts. Located at 665 2nd Ave., the 22-residence contemporary development is now complete and welcoming its first residents to downtown Long Branch. Further enhancing the property’s connection to the neighborhood, locally loved coffee brand Almost Home