LA Addressing the Housing Shortage with ED1 Cover Story | April 11, 2024 Factors Shaping the Future of Data Centers National + Weekender | April 18, 2024 U.S. CRE Price Declines Continue Deceleration in March National + Finance | April 18, 2024 FEATURED STORY National CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More National Stories More Stories Connect CRE & Industry Events Load MoreMore Events Apartment buildings for saleCheck out the latest properties available on apartmentbuildings.com1132 W Duarte RdArcadia, CACalifornia & West + Apartment BuildingsListing Status:AvailableListing Type:Highest & best offerPrice:$9,250,000No. of Units:20Cap Rate:4.07GRM/GIM:16.67Average Occupancy:100Year Built:1962Building Size:19432 Sq ftLot Size:30379 AcresNo. of Stories:2APN:5382-001-043Zoning Code:R3No. of Parking Spots:30Opportunity Zone:NoBuy Side Fee:$2Price per unit:$462,500Learn MoreSummerstone Apartment HomesHouston, TXTexas + Apartment BuildingsListing Status:AvailableListing Type:Call for offersPrice:$24,000,000No. of Units:242Year Built:1984Lot Size:188917 AcresOpportunity Zone:NoPrice per unit:$99,173Learn More1875 Lexington AvenueNew York, NYNew York & Tri-State + Apartment BuildingsListing Status:AvailableListing Type:Highest & best offerPrice:$13,900,000No. of Units:36Opportunity Zone:NoPrice per unit:$386,111Learn MoreView all apartments Hone your competitive edge today with Connect Classroom, an accredited online Continuing Education provider offering CRE focused courses you can take on demand. Earn the credit you need with engaging, thoughtfully designed courses for commercial real estate brokers, appraisers, lenders, architects, and lawyers from a news source you already know and trust. Courses available now Explore courses Continuing Education Architect Courses We work with the industry's leading subject matter experts to create quality architect CEU courses from the ground up. Continuing Education Attorney Courses We provide quality CLE that is both easy and convenient to complete, backed with the best customer experience possible. Continuing Education Broker Courses Whether you’re starting a new career or skilling up, we have certified online courses for Real Estate Agents and Brokers. Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest Atlanta & Southeast Stories Albion Inks Construction Loan, Begins Work on Nashville Towers Atlanta & Southeast + Southeast + Apartments | April 18, 2024 Albion Residential has secured a $102 million construction loan from Pacific Life Insurance for the first of two towers. Named Albion Music Row, the towers will be built on the former Beaman’s car lot in Nashville. Albion Music Row’s site is comprised of five lots located at the southwest corner of the intersection of McGavock Street and … Housing, Hotel Planned for Hall County Atlanta & Southeast + Atlanta Metro + Apartments | April 18, 2024 A Buford developer is proposing a sprawling mixed-use project northeast of Atlanta. Scott Puckett hopes to build a 75-acre mixed-use project in Hall County. The Atlanta Business Chronicle reports he’s aiming to construct 500 homes, both multifamily and standalone, food and beverage locations, a 110-room hotel and a variety of outdoor amenities, such as game … Latest Boston & New England Stories Harvard, Tishman to Build Allston Mixed-Use Development Boston & New England + Boston + | April 18, 2024 Harvard University and Tishman Speyer are advancing plans for a significant mixed-use development in Allston, MA., surpassing their current project in scale, Boston Business Journal reported. Tishman Speyer submitted a letter of intent to the Boston Planning and Development Agency for the next phase of Harvard’s enterprise research campus. The proposed Phase B would entail 720,000 square … Fallon Co. Wins Approval for Major Nashville Development Boston & New England + Boston + Apartments | April 18, 2024 The Metro Council has unanimously approved the Master Developer Agreement between Metro Nashville Government and Boston-based Fallon Company for the development of 30 acres on the East Bank. This agreement will bring to life the Imagine East Bank Vision Plan, creating a mixed-income community. The Fallon Company, chosen after a competitive process, is dedicated … Connect TeamJosh OrensteinVice President, News & MediaSarah QuinnCo-Founder & Vice PresidentDennis KaiserVice President, Public Relations & CommunicationsView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest California Stories Two-Lot Mixed-Use Changes Hands Along Newport Beach’s Marine Avenue California + Orange County + Retail | April 18, 2024 Faris Lee completed the sale of 325-331 Marine Ave. on Balboa Island, located in Newport Beach. Situated on two separate parcels, the property, a mixed-use storefront retail with two second-story residential units, sold for $4,400,000, representing a price of $1,193 per square foot for the building and $842 per square foot for the land. Jeff … Albanese Cormier Nabs Open-Air Center in Rancho Mirage California + Inland Empire + Retail | April 18, 2024 Albanese Cormier closed the acquisition of Rancho Las Palmas, a 162,380-square-foot, grocery and drug-anchored shopping center located at located at the intersection of Highway 111 and Bob Hope Drive in Rancho Mirage. The property is anchored by Amazon Fresh, IN-N-Out Burger, CVS, Hobby Lobby, Starbucks, Wells Fargo and a mix of specialty retailers and restaurants. Terms of the … Latest Chicago & Midwest Stories RedShelf Relocates to Central Loop in Headquarters Expansion Chicago & Midwest + Downtown + Office | April 17, 2024 Digital textbook startup RedShelf leased 20,000 square feet for its headquarters at 175 W. Jackson Blvd. in Chicago’s Central Loop. The sublease represents a relocation from a smaller space in River North. SVP Tony Coglianese with CBRE’s Chicago office represented RedShelf in the sublease, with substantial remaining term on the lease. Bill Sheehy, an EVP … Mesirow Adds Real Estate Investment Veteran as Managing Director Chicago & Midwest + Downtown + Finance | April 17, 2024 Chicago-based financial services firm Mesirow has appointed Justin Maturo as a managing director in its Institutional Real Estate Investments business. Maturo will manage all aspects of the acquisition process, including managing, sourcing, financial analysis, due diligence, financing and underwriting procedures. Previously, Maturo was a managing director and principal of investments at Magnolia Capital, where he … Latest Florida & Gulf Coast Stories Investor Trio Procures Refi on Kissimmee Retail Center Florida & Gulf Coast + Central Florida + Retail | April 17, 2024 The Hampshire Cos., Federated Hermes and O’Connor Capital Partners have obtained $47.1 million for the refinancing of The Crosslands, a nine-building, 529,212-square-foot power center in Kissimmee, Fla. TD Bank provided the new three-year, non-recourse loan in a deal arranged by JLL. It’s located at 751 Centerview Blvd. Commercial Edge reports the proceeds repay a $49 … Jacksonville Office Park Flips for $19.2M Florida & Gulf Coast + North Florida + Office | April 17, 2024 Woodside Capital Partners paid $19.2 million for the Greystone at Town Center, a five-building, 212,240 square foot single-story suburban office park located at 10550 Deerwood Park Blvd. in Jacksonville, Florida. Jacksonville brokers Karl Johnston, Senior Director of Cushman & Wakefield’s Capital Markets Group, along with Traci Jenks, Senior Director of Cushman & Wakefield’s Office Brokerage … Latest Global Stories Global Office Landlords See Uptick in Lease Renewals National + Global + Office | April 9, 2024 More than 80% of global office landlords are seeing an uptick in lease renewals thanks in part to their emphasis on creating elevated workplace experiences, according to the fifth annual VTS Global Landlord Report. Just 41% of landlords are prioritizing lease-up of vacant space. VTS said 57% of landlords surveyed prioritize the retention of current tenants, with … AFIRE Survey Ranks LA, DC as Top U.S. Markets for CRE Investment National + Global + Finance | March 27, 2024 Los Angeles, Washington, DC, Seattle, Dallas and New York City are the top U.S. cities for investment in 2024, according to the latest AFIRE International Investor Survey. That being said, if given the option of investing with “fresh books” in a city, the largest number of global investors selected Charlotte as a priority market, followed by … Latest Lenders Stories Latest National Stories U.S. CRE Price Declines Continue Deceleration in March National + Finance | April 18, 2024 The pace of decline in U.S. commercial real estate prices decelerated in March for the eighth month in a row, led by improvements for industrial sector, MSCI Real Assets said Thursday. The RCA CPPINational All-Property Index fell 3.0% from a year ago and 0.2% from February. In the current high interest rate environment, certain property … Factors Shaping the Future of Data Centers National + Weekender | April 18, 2024 A report by Colliers discusses a sector impacted by hyperscale players and more capital Data centers have been a focal point of commercial real estate commentary and investment in recent years. However, this is a continually evolving sector, with Colliers’ report, “2024 Data Center Marketplace: The Evolution of Artificial Intelligence: Shaping the Future of Data … Latest New York & Tri-State Stories L&L Expands Commercial Leasing Team with Two New Hires New York & Tri-State + New York + Finance | April 18, 2024 L&L Holding Company has expanded its commercial leasing team with two appointments for its New York City portfolio. Tanya Grimaldo joins as vice president of Leasing, bringing nearly a decade of experience from the Durst Organization, while Giannina Brancato is promoted to assistant vice president of Leasing. They will collaborate with executive vice president Jonathan … Madison Realty Capital Originates $97M Loan for Hoboken Mixed-Use Redevelopment New York & Tri-State + New Jersey + Finance | April 18, 2024 Madison Realty Capital has granted a $97 million construction loan to the Taurasi Group for the transformation of a 5-story industrial loft building at 38 Jackson Street, Hoboken, New Jersey. The redevelopment will yield a 9-story property with 110 luxury residential condominiums, ground-floor retail spanning 50,000 square feet, and a 300-space parking garage. The … Latest Phoenix & Southwest Stories Office-to-Retail Center on Way in Las Vegas Phoenix & Southwest + Southwest + Retail | April 18, 2024 Partners Capital and CNR Retail have finalized design plans to convert an aging 100,000-square-foot office complex in Las Vegas’ Green Valley Ranch neighborhood into an open-air retail center. The property is located at 2550 Paseo Verde Pkwy, just south of I-215 and east of St. Rose Pkwy. The $30 million adaptive reuse development, dubbed The … Tucson Asian Market Trades for $22.2M Phoenix & Southwest + Arizona + Retail | April 17, 2024 Maison Solutions Inc., a chain of traditional Asian and international food and merchandise retailers, acquired Lee Lee Oriental Supermarket, Inc. for $22.2 million. Lee Lee’s store at 1990 W. Orange Grove Road in Tucson is about 51,000 square feet. The retail center, Lee Lee Plaza, at Orange Grove and La Cholla also has a Vietnamese … Latest Seattle & Northwest Stories Commencement Bank Relocates Headquarters in Tacoma Seattle & Northwest + Seattle + Office | April 17, 2024 Kidder Mathews secured a long-term lease for Commencement Bank at 1313 Broadway in downtown Tacoma. The bank will relocate to the approximately 18,000-square-foot space from its current headquarters at 1102 Commerce St. in early 2025. Brokers Will Frame, Drew Frame and Ray Schuler, SIOR represented Commencement Bank in leasing the full-floor space from X2Capital, LLC, … Northmarq Closes Third Financing for Gig Harbor Seniors Community Seattle & Northwest + Seattle + Finance | April 17, 2024 Northmarq SVP/managing director Stuart Oswald arranged the $35-million refinance of The Lodge at Mallard’s Landing. The 147-unit, private-pay independent living, assisted living and memory care community is located in Gig Harbor, WA, 10 miles north of Tacoma, and is managed by locally based Senior Services of America. This is the third financing Northmarq has arranged … Latest Texas Stories SA Warehouse Repurposed to Sr. Housing Texas + San Antonio + Senior Housing | April 18, 2024 A San Antonio partnership made up of two senior housing non-profits has received approval from a local planning agency to pursue converting an old brick warehouse into a 48-unit affordable housing project for seniors. The American Agape Foundation and Partners in Community Development received initial design approval Wednesday for its apartment project at 421 N. … $220M Music Venue Greenlighted in McKinney Texas + Dallas-Fort Worth + Hospitality | April 18, 2024 The City of McKinney has reached an agreement with Notes Live for the development of a 20,000-seat open-air amphitheater located on 46 acres at the northeast corner of U.S. 75 and S.H. 121. The project – called the Sunset Amphitheater – represents a potential investment in the community in excess of $220 million. It is … Latest Washington DC Stories 171K-SF Chevy Chase Office Building Returned to Lender Washington DC + DC + Finance | April 18, 2024 An affiliate of the lender has assumed ownership of 5301 Wisconsin Ave. NW, also known as Chevy Chase Plaza, through a special warranty deed in lieu of foreclosure, Washington Business Journal reported. The property, spanning 171,000 square feet, includes direct underground access to the Friendship Heights Metro station. Originally secured by Cornerstone Real Estate Advisors, the $35 … 144-Affordable Homes Mixed-Use Opens in Arlington Washington DC + DC Metro + Apartments | April 18, 2024 Arlington Partnership for Affordable Housing (APAH) and Central United Methodist Church (CUMC) celebrated the opening of Unity Homes at Ballston, a new mixed-use development on 4201 Fairfax Drive in Arlington. Located near the Ballston-MU Metrorail station, the project received financing through sources including Low-Income Housing Tax Credits. The eight-story property features 144 affordable homes, … Latest Stories FromCF Private Equity Closes 4th Secondaries Fund at $1.1BAlternative Assets | April 18, 2024CF Private Equity, an affiliate of asset management firm Commonfund, closed its fourth secondaries fund at $1.1 billion, exceeding its $750 million target. The fund is also larger than its predecessor fund, which raised $675 million in 2021. Alongside the main vehicle, the CT-based manager raised $110 million for a commingled “overage” fund, Commonfund Capital ...Stonepeak Acquires Chicago Rail-Served Logistics PortfolioAlternative Assets | April 18, 2024Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has acquired a three-asset, 1.7 million square foot rail-served logistics portfolio in Chicago from CenterPoint Properties. The portfolio is at the largest inland port in North America, anchored by the BNSF and Union Pacific Class I rail intermodal terminals. All six Class I railroads ...Armis Acquires Cyber Platform Silk Security for $150MDirect Investment | April 18, 2024Armis, a cybersecurity startup, paid $150 million for Silk Security, a platform for prioritizing and remediating cyber risks, marking the company’s second acquisition in two months. The transaction follows Armis’ February acquisition of Cyber Threat Cognitive Intelligence, a business that tracks real-world exploits of vulnerabilities. “Silk Security’s technology will immediately be integrated into Armis’ platform ...Sétanta Receives $100M Credit Facility for Residential Land DevelopersAlternative Assets | April 18, 2024Sétanta Development Capital, a Charlotte, NC-based residential real estate financing provider, received $100M in credit facility from Victory Park Capital (VPC). The company intends to use the funds to support its acquisition and development financing for residential land developers. “This financing will support our efforts to provide developer-friendly capital and, in the process, support the ...
