Multifamily i Ohio
Berkadia closes $67 million loan for Cleveland apartment community

Berkadia closes $67 million loan for Cleveland apartment community

Berkadia closed $67.56 million in secured financing for Centric Apartments, a multifamily property with more than 28,000 square feet of commercial space in the University Circle neighborhood of Cleveland, Ohio. Director Dan Geuther of Berkadia’s Cleveland office secured the permanent refinancing through Freddie Mac on behalf of Ohio-based Midwest Development Partners.

CRE i Ohio
Mike Sullivan

Three questions with ... Cushman & Wakefield's Mike Sullivan

A member of the capital markets team in Cushman & Wakefield’s Cincinnati office, senior director Mike Sullivan is an industry veteran who understands the ins and outs of the commercial real estate market. A specialist in office, industrial and medical office properties, Sullivan shared his thoughts on the state of the CRE market both nationally and in Cincinnati with us.

Legal i Ohio
Mary Forbes Lovett;Ulmer & Berne

Forbes Lovett elected to Ulmer & Berne's management committee

Mary Forbes Lovett, partner and chair of the Real Estate Practice Group at Cleveland-based law firm Ulmer & Berne, has been elected to the firm’s Management Committee. Lovett is one of two women serving on this seven-member committee, which is responsible for guiding the operations and strategic direction of the firm.

CRE i Ohio
Mark Wutz;K2M

Cleveland's K2M adds director of engineering

Mark Wutz has joined Cleveland-based architecture, engineering and interior design firm K2M as director of engineering. Wutz brings more than 26 years of experience in the assessment, design and commissioning of mechanical systems to his new position.

Multifamily i Ohio
NKF sells three-property apartment porftolio in Ohio

NKF sells three-property apartment porftolio in Ohio

NKF Multifamily Capital Markets recently closed the $43.6 million sale and $34.8 million Freddie Mac financing for repeat NKF/Freddie Mac Sponsor AndMark Investment Fund. The sale of the three-property, garden-style apartment portfolio in Columbus, Ohio, comprised of 550 units, was led by NKF’s Executive Managing Director George Skaff, and the fixed acquisition financing was led by NKF’s Houston, Texas-based Executive Managing Director Purvesh Gosalia.