LA Addressing the Housing Shortage with ED1 Cover Story | April 11, 2024 Fannie Mae Forecasts ‘Higher for Longer’ Interest Rates, Inflation National + Finance | April 23, 2024 ACORE Capital Closes CRE Debt Fund at $1.4B National + Finance | April 24, 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.comTech 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 MorePacific 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 More1132 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 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 Specialty Builder Spending $40M on Siler City Factory Atlanta & Southeast + Carolinas + Industrial | April 24, 2024 An off-site construction services company is spending $40 million on a new factory in the Town of Siler City. The town, of less than 10,000, is between Raleigh and Greensboro on US Hwy 421 and 64. Innovative Construction Group (ICG) expects to establish a new manufacturing facility in Chatham County and the Town of Siler … Edens Spins Off Atlanta Publix-Anchored Center Atlanta & Southeast + Atlanta + Retail | April 24, 2024 Retail center giant Edens has sold off a Publix-anchored retail center in Atlanta. InvenTrust Properties Corp. paid $28 million for Moores Mill Center, a 6-acre property that includes a 45,000-square-foot Publix and about 15,000 square feet of retail space. It is located at Moores Mill Road, Bolton Road and Marietta Boulevard. CBRE’s Chris Decoufle, Kevin … 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 ASG Unloads Third Design District Property Florida & Gulf Coast + South Florida + Retail | April 24, 2024 ASG Equities finalized the sale of 70-74 NE 40th Street, the last of a three-building retail portfolio within Miami’s famed Design District. Dacra acquired the property for $14 million. Located in the heart of Miami’s high-end shopping district, 70-74 NE 40th Street is fully occupied by luxury brands Ksubi and Orlean. The freestanding, single-story building, features … Orlando Greenlights $500M Entertainment District Florida & Gulf Coast + Central Florida + Hospitality | April 24, 2024 The City of Orlando has given final approval to the sports and entertainment district to be developed on the 8.5-acre block adjacent to the Kia Center in downtown Orlando. SED Development, JMA Ventures, and Machete Group are the three joint venture partners helming the project. Construction of the $500 million, 900,000-square-foot mixed-use project, to be called Westcourt, … 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 ACORE Capital Closes CRE Debt Fund at $1.4B National + Finance | April 24, 2024 Commercial real estate debt manager ACORE Capital, LP said Wednesday it had reached the final close of ACORE Credit Partners II (ACP II), which was oversubscribed with total equity commitments of approximately $1.4 billion. ACP received capital commitments from a diverse group of global institutional investors ranging from U.S. pension plans to sovereign wealth funds. “We sincerely appreciate … 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 … 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 Phoenix Apartments Trade for $15M Phoenix & Southwest + Phoenix + Apartments | April 24, 2024 Arcadia Gardens, a 76-unit apartment community in Phoenix, was recently acquired by CSLC Housing Acquisitions for $14.75 million, nearly $200,000 a unit. The seller was Rincon Partners. The property is at 32nd Street and Earll Drive. David Fogler and Steven Nicoluzakis with Cushman & Wakefield’s Multifamily Advisory Group in Phoenix handled the transaction. Nicoluzakis added, … Siegel Group Planning Apartments/Retail at LV Hotel Site Phoenix & Southwest + Southwest + Apartments | April 24, 2024 A Las Vegas developer recently paid $6 million for a downtown/Arts District hotel and plans to turn it into apartments and retail space. But before they do that, The Siegel Company will renovate the Gateway Motel and rebrand it as Siegel Suites, offering fully furnished flexible-stay units. The property will be combined with the neighboring … 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 New Braunfels “Mayfair” Ready for Liftoff Texas + State of Texas + Apartments | April 24, 2024 Southstar, a developer, is finishing its first homes in Mayfair, a massive master-planned community just outside New Braunfels. The 2,000-acre, 6,000-home community, located at 5708 Guthrie Trail, New Braunfels, is designed with various residential, commercial and recreational components. The development received City Council approval in June 2021 and broke ground in April 2022, In addition to … Northline Recruits Endeavor for Retail Project Texas + Austin + Apartments | April 24, 2024 Northline developers introduced their newest development partner, Endeavor Real Estate Group, during a recent Leander planning meeting. Tynberg, the lead developer of the transforming project, says Endeavor will be responsible for developing 17 acres of commercial retail along the frontage of 183A Toll within the Northline development. The company is behind widely known retail centers such … Latest Washington DC Stories Water Street Gym Signs 6K-SF Retail Space at DC Office Building 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 FromACORE Capital Closes $1.4B CRE Debt FundAlternative Assets | April 24, 2024ACORE Capital, a commercial real estate debt manager, held the final close of its oversubscribed ACORE Credit Partners II with total equity commitments of about $1.4 billion. The fund is the largest in San Francisco-based ACORE’s series of commercial real estate credit funds and received capital commitments from global institutional investors including U.S. pension plans, ...The Shift Is On Alternative Assets | April 24, 2024Limited partners, driven by pension funds and private wealth managers, are expected to invest more than $600 billion in real assets by 2027. Moreover, public pension funds are shifting a portion of their equity and fixed-income assets to private equity and real estate, according to a recently released 2023 study conducted by retirement & benefits ...Virginia Retirement Adds $250M to RE CreditAlternative Assets | April 24, 2024The Virginia Retirement System added a real estate credit fund to its alternative investment portfolio early this month, according to transaction data. The $110 billion retirement system has committed $250 million to ACORE Credit Partners II, a closed-end fund that invests in newly issued mortgages secured by transitional commercial real estate. The strategy targets returns ...$415M Delaware Team from PNC Moves to LPL Broker/Dealers | April 24, 2024LPL Financial announced that financial advisors Chris Mukoda, Brad Travis, Jr., and David Crouse have joined the firm’s broker-dealer, RIA, and custodial platforms, partnering with Momentum Wealth Partners, an existing firm that supports LPL-affiliated advisors. The team, which has over 75 years of combined financial services expertise, established Sussex Wealth Partners, an independent financial practice ...
