In the news. Around the nation.

Grubb Properties has nabbed a $25 million loan for the lease-up of a mixed-use life sciences asset across from the University of North Carolina– Chapel Hill campus. The loan was arranged by Cooper Horowitz.

The two properties, at 711 North Edgewood Avenue and 341 Haynes Drive in Wood Dale, Ill., have a combined 193,395 square feet and a total capacity of 4,801 kilowatts. Both are operated by Element Critical, a wholly owned subsidiary of Safanad.

Thorofare’s national growth as a commercial real estate lender has taken a step forward with the addition of three new senior investment professionals in the Miami, Los Angeles and Charlotte markets, Commercial Observer can first report.

Walker & Dulop arranged the financing for a joint venture between Greenmont Group and Tryperion Holdings to acquire Ella Grasso, a 450,000 SF industrial property located across from Bradley International Airport.

McKinley Homes obtained senior mortgage financing that will be used to refinance and lease 142 rentals at Seven88 West Midtown. Meridian Capital Group arranged the loan with debt fund operator Thorofare Capital.

A joint venture between Thor Equities Group and Reinsurance Group of the Americans obtained $35.62 million in financing from debt fund manager Thorofare. Iron Hound arranged the purchase and renovation loan for the four-building, 189,000 SF industrial and distribution complex located on Carlls Path Road in Suffolk County, Long Island.

The financing provided by debt fund operator Thorofare is secured by Thor Equities’ 24 River Road industrial property in Bogota, N.J., which it acquired for $50 million last year from Skybrook Capital.

King Street Properties, based in Boston, has made its first foray into the San Diego life science real estate market with the acquisition of a Sorrento Mesa office building that it plans to convert to lab space.

Thorofare Capital has provided $44.69 million of financing against the recently completed Willow Street Residences, with 197 units in Fort Collins, Colo.

JLL arranged the loan from Los Angeles-based Thorofare Capital for KPG Funds to re-develop the seven-story property at 132 West 14th Street. KPG plans to transform the office and retail office property with a new structural expansion, featuring enlarged 15-foot ceiling heights on the top two floors along with a new façade designed by Marvel Architects.