LA Addressing the Housing Shortage with ED1 Cover Story | April 11, 2024 Inflation and the Fed Tell Only Part of the Economic Story National + Weekender | April 25, 2024 CREFC Survey Cites “More Tempered Outlook” for Economy, Borrower Demand National + Finance | April 25, 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.comPacific CrestEncinitas, CACalifornia & West + Apartment BuildingsListing Status:AvailableListing Type:Highest & best offerPrice:$15,500,000No. of Units:21Cap Rate:4.04GRM/GIM:16.27Average Occupancy:98Year Built:1960Year Renovated:2020Building Size:18460 Sq ftLot Size:28314 AcresNo. of Stories:2APN:358-172-19Opportunity Zone:NoBuy Side Fee:$1Price per unit:$738,095Learn MoreTech Village NorthLubbock, TXTexas + Apartment BuildingsListing Status:AvailableListing Type:Highest & best offerPrice:$4,995,000No. of Units:25Average Occupancy:93Year Built:2017Building Size:45000 Sq ftOpportunity Zone:NoPrice per unit:$199,800Learn More3896 Chippewa RoadMemphis, TNAtlanta & Southeast + Apartment BuildingsListing Status:AvailableListing Type:Call for offersNo. of Units:558Year Built:1972Year Renovated:2022Building Size:511760 Sq ftLot Size:29 AcresNo. of Stories:2Opportunity Zone:NoLearn 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 Nashville-Area BTR Community Sells for $500K/Unit Atlanta & Southeast + Southeast + Apartments | April 25, 2024 Thompson Thrift Residential has sold Oakbrook Townhomes, an 89-unit build-to-rent community in Nashville’s suburb of Franklin, Tenn. Public records suggest the buyer, Arqitel, paid $44 million for the asset, nearly $500,000 a unit. Commercial Edge reports the sale involved a $19.8 million loan from State Farm Life Insurance Co. Walker & Dunlop brokered the transaction. … $100M Luxury Sr. Housing Project Opens in Charlotte Atlanta & Southeast + Carolinas + Senior Housing | April 25, 2024 Bridgewood Property Corp. and Harrison Street have delivered The Village on Morehead, a $100 million, 12-story Charlotte luxury rental community that includes 192 units for seniors 55 and up. The Village on Morehead is a membership-only community, which requires residents to pay a one-time entry fee and sign a 12-month lease. Monthly rental and entry … Latest Boston & New England Stories M&T RCC Nabs Matt Newton from Walker & Dunlop Boston & New England + Boston + Finance | April 24, 2024 M&T Realty Capital Corporation has appointed Matt Newton as managing director in the Boston office. Newton joins the Production Team and will handle nationwide loan origination using various capital sources, including Agency, FHA, life companies, debt funds, and M&T Bank capabilities. With over a decade of commercial real estate lending experience, Newton specializes in originating multifamily loans through Fannie … Newmark to Market Fall River 900K-SF Industrial Park Boston & New England + Boston + | April 24, 2024 Newmark has been appointed exclusive leasing agent for VMD Companies’ 900,000 square foot industrial park, The Campus at Innovation Way in Fall River, MA. Located 1300 Innovation Way, the Class A offering includes four buildings, with Building 1 at 291,200 square feet and Buildings 2, 3, and 4 at 203,800 square feet each. Newmark’s Ed Jarosz, Rick … Connect TeamView 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 First Wall is Tilted at New Burbank Soundstage Development California + Los Angeles + Industrial | April 24, 2024 Developer Worthe Real Estate Group and Stockbridge Real Estate Funds said Wednesday the first wall has been tilted at the 30-acre Warner Bros. Ranch Lot in Burbank. The 229,000-pound panel commemorates the start of the project, reportedly the largest soundstage development in the U.S. The project will comprise a 926,000-square-foot studio campus and 16 soundstages, all fully leased … BKM Adds Juniper Square’s David Jensen as Managing Director California + Orange County + Finance | April 24, 2024 Newport Beach-based BKM Capital Partners has hired David Jensen as managing director, strategic partnerships. Jensen will report directly to CFO Bill Galipeau. In his new role, Jensen will manage BKM’s joint venture institutional separate account and programmatic JV partnerships. He will also identify and cultivate relationships with potential equity partners to expand BKM’s investor network and secure capital … Latest Chicago & Midwest Stories Chicago Bears’ New Stadium Plans Revealed Chicago & Midwest + Downtown + Hospitality | April 24, 2024 The Chicago Bears gave a first look at what the team is planning to build along the city’s lakefront. The new details covered plans that go beyond a stadium, including an entertainment hub that can host Super Bowls, playoffs, concerts and community events. During a public presentation at Soldier Field, the Bears unveiled plans to … Skyline Construction to Relocate Downtown Chicago Office Chicago & Midwest + Downtown + | April 24, 2024 AmTrust RE completed a 9,630-square-foot office lease transaction with Skyline Construction at One East Wacker, AmTrust’s 41-story, 560,000-square-foot office tower overlooking the Chicago Riverwalk and River North. Jon Milonas and Kyle Kamin of CBRE represented the tenant in the transaction. Skyline Construction’s new Chicago office will be nearly three times larger than Skyline’s current space. … Latest Florida & Gulf Coast Stories Ocoee Retail Center Owner Discloses Anchor Tenant Florida & Gulf Coast + Central Florida + Retail | April 25, 2024 Developer Konover South broke the news on its website that a Walmart Neighborhood Market will anchor its project at SR-429 and Clarcona-Ocoee Road. The 43,000-square-foot market will be joined by a 7-Eleven convenience store, restaurants and retail stores, totaling 117,000 square feet. The center will have 72,000 vehicles drive by per day. Ocoee Village Center … Regency Centers Revamping Miami Retail Center Florida & Gulf Coast + South Florida + Retail | April 25, 2024 Earlier this year, Regency Centers completed demolition at the site for Avenida Biscayne, a retail center 15 miles north of Miami in Miami-Dade County. Regency Centers is investing $23 million in the redevelopment of three retail buildings totaling more than 28,000 square feet. The company plans to deliver the first space to merchants for buildout in … Latest Global Stories Navigating the CRE Landscape: One Organization is Transforming its Approach National + Global + Industrial | April 23, 2024 Sweeping changes have spread across the globe in unprecedented waves over the last four years, and the ripples have affected all aspects of our world and business. Economies have been revamped, markets have been redefined, and entire industries have been rewritten. Those that didn’t adjust likely got left behind, while entities that anticipated and embraced … 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 … Latest Lenders Stories Latest National Stories CREFC Survey Cites “More Tempered Outlook” for Economy, Borrower Demand National + Finance | April 25, 2024 The CRE Finance Council (CREFC) on Thursday reported a slight decline in its First-Quarter 2024 (1Q 2024) Board of Governors (BOG) Sentiment Index survey. The latest index dipped to 105.4, a 4% decrease from the previous quarter’s 109.9. CREFC cited notable shifts in the economic outlook, the impact of higher interest rates for longer and … Inflation and the Fed Tell Only Part of the Economic Story National + Weekender | April 25, 2024 Every time inflation rates increase or the Federal Reserve indicates that its “Higher for Longer” interest rate strategy will likely stay in place, there seems to be panic in the streets. The stock market does its volatile thing as prognosticators—especially those in commercial real estate—wring their hands about ongoing high costs of capital and what … Latest New York & Tri-State Stories Colliers Adds EVP for Hospitality Practice Group New York & Tri-State + New York + Hospitality | April 24, 2024 Colliers has appointed Bradley Burwell as executive vice president in its Hospitality Practice Group within U.S. Capital Markets. Burwell, who brings over $7 billion in transaction experience, will work closely with group leader Mark Owens. Prior to joining Colliers, Burwell led CBRE’s New York hotels team, overseeing notable transactions such as the sale of the Park Lane Hotel in New … Queens Office Over Retail Property Sold for $7M New York & Tri-State + Outer + | April 24, 2024 Marcus & Millichap recently facilitated the sale of a 12,320-square-foot mixed-use property in Queens, New York, for $7.15 million. Anthony Cerrone and Michael Tuccillo from Marcus & Millichap represented the seller and brought in the buyer, both private investors. The property, located at 36-41 Bell Blvd. in the Bayside neighborhood, features a two-story building with … Latest Phoenix & Southwest Stories Patience Key for Panelists at Recent ConnectCRE Conference Phoenix & Southwest + Phoenix + Apartments | April 25, 2024 At the recent ConnectCRE Phoenix Multifamily/BTR Conference at the Westin Kierland Resort & Spa, a major subject of the various panels was financing deals and the ongoing hangover of elevated interest rates. George Maravilla of Tower Capital weighed in with his views on debt and equity: “Since it’s hard to get institutional investors into deals, … EQT Exeter Picks Vacant Buckeye Warehouse for $60.1M Phoenix & Southwest + Phoenix + Industrial | April 25, 2024 EQT Exeter paid $60.1 million for a just-delivered 641,000-square-foot industrial building in Buckeye, Arizona. BET Investments developed and sold the property, which is located along the I-10 freeway, just west of Verrado Way. The building was vacant at the time of sale. Located at 440 North 215th Avenue, the standalone building represented Phase I of … Latest Seattle & Northwest Stories WeWork Files Motion to Keep Lease at Co-Working Space in Ballard Seattle & Northwest + Seattle + Office | April 24, 2024 WeWork has solidified five new lease assumptions throughout the United States, including one in Seattle. The co-working firm filed a court motion to remain in the 15th and Market building in the city’s Ballard neighborhood. The assumptions are still subject to court approval and are part of the company’s efforts to strategically restructure amid a … Alston Construction’s Valeria Zamano Promoted to Project Manager Seattle & Northwest + Seattle + Office | April 24, 2024 Alston Construction announced the company has promoted Valeria Zamano to projectmanager for its Tacoma office. Zamano has been an assistant project manager for Alston Construction for six years, where she gained a strong skill set with project management and project supervision. In her new role, Zamano will oversee the operations and activities of assigned projects, … Latest Texas Stories Houston Office Results Sluggish, Industrial Soaring Texas + Houston-Galveston + Office | April 25, 2024 A Newmark 1Q24 Texas office market report indicates annual full-service asking rental rates decreased from an all-time high last quarter to $29.77/SF but reflecting a 0.7% increase year over year. Overall vacancy rates rose in the first quarter of 2024 to 25.1%, increasing by 30 basis points quarter over quarter and increasing by 80 basis … Texas People & Companies, April 26, 2024 Texas + State of Texas + Office | April 25, 2024 Latest Washington DC Stories Water Street Gym Signs 6K-SF Retail Space with Marx in DC Washington DC + DC + Retail | April 24, 2024 Water Street Gym has signed a 10-year lease for 6,650 square feet at One Glover, a 110,000-square-foot office building at 2121 Wisconsin Ave. NW in Washington, DC. The gym relocated from its previous space at 3255 K St. NW to One Glover in DC’s Georgetown/Glover Park neighborhood. Marx Realty acquired One Glover in 2022 and recently … Beyer Automotive Inks 5K-SF Office Lease in Falls Church Washington DC + DC Metro + Office | April 24, 2024 Golden Eagle Group and Cushman & Wakefield have finalized a lease at 3130 Fairview Park Drive, a Class A office building in Falls Church, Virginia. The new lease with Beyer Automotive for 5,089 square feet brings the building to over 85% occupancy. This follows two leases totaling 89,716 square feet signed in 2023. Beyer Automotive has already … Latest Stories FromCresset Adds Two JP Morgan Teams to San FranciscoFinancial Advisory | April 25, 2024Cresset Capital Mangement has recruited two new advisory teams that managed approximately $5 billion in assets on behalf of 160 client households, to its San Francisco office. Previously with J.P. Morgan Wealth Management, and prior to that First Republic Bank, the two teams comprise three advisors and a 12-person support staff. Advisor Dagny Maidman and ...KKR Strikes $1.6B Deal for BREIT Student Housing PortfolioAlternative Assets | April 25, 2024KKR will acquire a portfolio of 19 purpose-built student housing properties with over 10,000 beds from Blackstone Real Estate Income Trust (BREIT) for about $1.64 billion. BREIT acquired the portfolio in June 2018 for $1.2 billion through a 95%-5% joint venture with Greystar Real Estate Partners. “This transaction is an excellent outcome for BREIT’s investors ...Blackrock, Temasek Raise $1.4B for Decarbonization FundAlternative Assets | April 25, 2024BlackRock and Singaporean state investment firm Temasek Holding’s decarbonization-focused fund, Decarbonization Partners, has closed its debut fund at $1.4 billion. The fund, which focuses on companies aiming to transition to a net-zero economy, exceeded its initial $1 billion target with participation from limited partners Allstate, BBVA, KIRKBI, Mizuho Bank, MUFG Bank, and TotalEnergies, as well ...Vantage Data Centers Secures $3B Green Loan Alternative Assets | April 25, 2024Vantage Data Centers, a hyperscale data center campus provider, secured a $3 billion green loan from a bank syndicate led by Wells Fargo Securities, LLC and joint bookrunners TD Securities, Truist Securities, Inc. and Scotiabank. The financing is a revolving credit facility with an initial collateral pool of eight leased and greenfield sites in both ...
