LA Addressing the Housing Shortage with ED1 Cover Story | April 11, 2024 Can Legislators Step In Against Institutional Home Buyers? National + Weekender | May 2, 2024 U.S. REIT Fundraising Rises Nearly 20% Y-O-Y in Q1 National + Finance | May 2, 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.comPLEASANT APARTMENTSRichfield, MNChicago & Midwest + Apartment BuildingsListing Status:AvailableListing Type:Highest & best offerPrice:$1,375,000No. of Units:11Cap Rate:6.05GRM/GIM:11.25Year Built:1961Year Renovated:2020Lot Size:0.28 AcresNo. of Stories:3APN:27-028-24-24-0017Zoning Code:Multi-FamilyNo. of Parking Spots:11Buildable Sq ft Min:11400 Sq ftBuildable Sq ft Max:11400 Sq ftOpportunity Zone:NoBuy Side Fee:$1Price per unit:$125,000Learn MoreMOD at Riverwalk IIReno, NVPhoenix & Southwest + Apartment BuildingsListing Status:AvailableListing Type:Call for offersNo. of Units:69Year Built:2022Building Size:79443 Sq ftLot Size:0.787 AcresNo. of Stories:5APN:011-025-10Zoning Code:MD-PDOpportunity Zone:NoLearn 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 Long Vacant Greensboro Lot Set for Mixed-Use Project Atlanta & Southeast + Carolinas + Apartments | May 2, 2024 A one-time Greensboro car dealership may be converted into a mixed-use project that could include office, multifamily and restaurant space. GCMC Properties is working with Trask Land Co. Inc. of Wilmington on the former Gate City Motors site. Triad Business Journal reports that GCMC purchased the 3.5-acre site at the end of 2019 for $2.7 … Aviation MRO Company Adding $33M Upgrade at Augusta Airport Atlanta & Southeast + Georgia + Industrial | May 2, 2024 StandardAero, an aircraft maintenance company, plans to expand its operation at Augusta Business Aviation’s MRO (maintenance, repair, overhaul) facility. The company recently began work on a $33 million upgrade that will create 90 new jobs. Operating in Augusta since 1974, StandardAero currently supports more than 170 jobs in the area. The facility annually processes approximately … Latest Boston & New England Stories Related Beal Closes Financing for 345K-SF Boston Life Science Development Boston & New England + Boston + Industrial | May 2, 2024 Related Beal has secured financing for Innovation Square Phase III (ISQ3), a 345,000-square-foot life science development in Boston’s Raymond L. Flynn Marine Park. The building will be fully occupied by Vertex Pharmaceuticals, a biotech company in the Seaport’s life science hub. The amount of the financing was not disclosed. ISQ3 aims to deliver research facilities … Lee & Associates Expands Boston Office Boston & New England + Boston + Office | May 2, 2024 Stephanie Deering, a seasoned professional with over 13 years of experience in commercial real estate, has joined Lee & Associates Boston as director. Deering’s focus is on providing exceptional advisory services to tenants, landlords, and investors, facilitating sale and lease transactions with market knowledge. “We’re thrilled to welcome Stephanie to Lee & Associates,” says Ty Janney, managing … 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 Hollywood Park Adds More Retail Tenants California + Los Angeles + Retail | May 2, 2024 Hollywood Park, reportedly the largest urban mixed-use mega development under construction in the western U.S., has signed new retail tenants that are slated to open this summer. JD Sports, Iconix Fitness and Cosm Los Angeles all will join Cinépolis Luxury Cinemas and Residency Art Gallery in the shopping, dining and entertainment district located at Prairie … 1031 Crowdfunding Targets Senior Living Sector with Value-Add Fund California + Orange County + Senior Housing | May 2, 2024 1031 Crowdfunding, a real estate investing platform and sponsor of Delaware Statutory Trusts concentrated in the senior housing sector, launched 1031CF Bridge Fund III, a finance fund with a value-add component that targets commercial real estate assets in the senior living space. The fund aims to generate attractive returns for investors while positively impacting communities. … Latest Chicago & Midwest Stories T5 Data Centers Plans Hyperscale Campus North of Chicago Chicago & Midwest + Greater Chicagoland + Industrial | May 2, 2024 T5 Data Centers (T5) plans to significantly expand its footprint and will build a new data center campus in Grayslake, Illinois, about 40 miles northwest of Chicago. The 160-acre site will support up to 480 megawatts of critical IT capacity across multiple data center buildings. T5 will offer customers build-to-suit data center capacity options ranging … DMG Capital, Wayland Real Estate Capital Acquire North Side MF Chicago & Midwest + North Side + Apartments | May 2, 2024 DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), partnered with Wayland Real Estate Capital to acquire 4179 W. Belmont. The 17-unit apartment community in the North Chicago Avondale neighborhood is new construction two and three-bedroom units with luxury condo-quality finishes. The building has been professionally managed by DMG since February 2023, and DMG will … Latest Florida & Gulf Coast Stories Two Wildlight Rental Communities Accepting Tenants Florida & Gulf Coast + North Florida + Apartments | May 2, 2024 It was once timberland, owned by the New Zealand lumber company Rayonier. Through its subsidiary, Raydient Places + Properties, the company is the developer of Wildlight, which is in far NE Florida. Wildlight is a master-planned mixed-use development in Nassau County. Two of its varied rental projects are actively seeking renters. The mix of newly … Orlando’s Wyndham Resort Closing, Major Redo Likely Florida & Gulf Coast + Central Florida + Hospitality | May 2, 2024 The 633-room Wyndham Orlando Resort is closing its doors and laying off all 167 workers. The operating group has made tidbits public that indicate the property could be ready for redevelopment. Unicorp owns the resort and 39 acres along the International Drive corridor. A representative of the company successfully obtained a lot split. It’s unclear … 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 Can Legislators Step In Against Institutional Home Buyers? National + Weekender | May 2, 2024 Institutional investors first stepped in to buy single-family homes after the Great Financial Crisis. Plenty of foreclosed and empty homes existed, offering opportunities for these players to acquire the properties, fix them up and lease them out. Fast-forwarding more than a decade, an August 2022 report from the U.S. Department of Housing and Urban Development’s … Single-Tenant Net-Lease Market: QoQ Investment Sales Rebound National + Weekender | May 2, 2024 According to Northmarq’s Single-Tenant Q1 2024 report, investment sales activity hit $11.2 billion, a 26% increase from the previous quarter. While the numbers reflect “a 4.5% decline compared to this time last year,” the Northmarq analysts note that the sector continues to perform consistently. “The first three months of 2024 put the market on a … Latest New York & Tri-State Stories IMAGINARI Immersive Gallery Opens in Hudson Square New York & Tri-State + Downtown New York + Hospitality | May 2, 2024 Hudson Square Properties (HSP), a joint venture of Trinity Church Wall Street (Trinity), Norges Bank Investment Management, and Hines, has announced the debut of IMAGINARI, an innovative exhibition space blending traditional galleries with experiential retail. Opening on April 26 at 200 Hudson St., IMAGINARI’s first exhibit, “The Insect World,” will run for one year. Featuring … Governor Hochul Plans $40M to Combat Organized Retail Theft New York & Tri-State + New York + Finance | May 2, 2024 Governor Kathy Hochul announced plans to combat organized retail theft in New York State, including allocating $40 million to help local law enforcement agencies establish task forces dedicated to addressing the issue. The state budget also includes measures to elevate the assault of a retail worker from a misdemeanor to a felony. Hochul emphasized that the thefts … Latest Phoenix & Southwest Stories Fundrise Obtains $125M Refi on 4 SW Warehouse Assets Phoenix & Southwest + Phoenix + Industrial | May 2, 2024 Fundrise has obtained $125 million in financing a four-property industrial portfolio, with two of the properties located in the Phoenix area. All of the properties were single-tenant warehouse and distribution assets. The portfolio is 95% leased to third-party logistics and support. The other properties are located in Dallas and Las Vegas. The portfolio consists of … VICI Sets Aside $700M for Venetian Resort Improvements Phoenix & Southwest + Southwest + Hospitality | May 2, 2024 VICI Properties will provide capital to The Venetian Resort Las Vegas for extensive reinvestment projects through VICI’s Partner Property Growth Fund. The Venetian Capital Investment will fund several projects, including hotel room product renovations, gaming floor optimization, and entertainment and convention center enhancements. VICI has agreed to provide up to $700 million of financing through … Latest Seattle & Northwest Stories JLL Arranges Financing for New Senior Housing in Arizona Seattle & Northwest + Seattle + Senior Housing | May 2, 2024 JLL has arranged financing for Inspira Arrowhead, a newly constructed senior housing asset in Glendale, Arizona. The JLL Capital Markets team was led by Senior Director Alanna Ellis and Associate Alex Sheaffer out of the firm’s Seattle office. JLL worked on behalf of the borrowers, funds managed by affiliates of Fortress Investment Group LLC and … PACE Loan Group Provides $10M Financing for Alaska Hotel Seattle & Northwest + Pacific Northwest + Hospitality | May 2, 2024 PACE Loan Group recently completed the third tranche of C-PACER financing for The Aviator Hotel, a 250-room hotel currently being renovated in downtown Anchorage, Alaska. With the latest round of $10 million, the hotel will have received $16.75 million in Commercial Property Assessed Clean Energy & Resilience (C-PACER) to support the renovation and upgrades to … Latest Texas Stories Hillwood Adding 3.5M-SF to AllianceTexas Texas + Dallas-Fort Worth + Industrial | May 2, 2024 Hillwood is launching Alliance Westport 14, a 766,994-square-foot, Class A, speculative industrial building. It will have direct access to Intermodal Parkway, FM 156 and the BNSF Railway Alliance Intermodal Facility, one of the largest intermodal hubs in the country. Hillwood developed the 27,000-acre master-planned AllianceTexas development. Breaking ground in June, Alliance Westport 14 is going … Extrasensory Spa to Debut in Austin Texas + Austin + Hospitality | May 2, 2024 Immersive art and entertainment. That’s how the founder of a new spa concept coming to Austin describes Submersive. The owner, Corvas Brinkerhoff, has spent the last 15 years running Meow Wolf, a New Mexico relaxation and therapy spa. Submersive’s 25,000-square-foot therapeutic spa will cost $15 million and feature video projection, immersive art, steam, lasers and AI … Latest Washington DC Stories Development Partners to Build 1M-SF Project in Wheaton Washington DC + DC Metro + | May 2, 2024 A partnership of PS Ventures LLC, The Duffie Cos., Willco, and the Housing Opportunities Commission (HOC) is advancing plans for mixed-income apartment buildings in Wheaton, Maryland., totaling nearly 1 million square feet, Washington Business Journal reported. The development at University Boulevard and Veirs Mill Road would comprise 800 to 900 units, including 30% affordable units, representing an … Blue Suede Hospitably Buys Charlottesville Quirk Hotel for $24M Washington DC + DC Metro + Finance | May 2, 2024 Cushman & Wakefield has facilitated the acquisition of Quirk Hotel in Charlottesville, Virginia, by Blue Suede Hospitality. Blue Suede, a New York-based firm specializing in hotel acquisitions and management, purchased the property from Quirk Charlottesville, LLC for $24 million. Founded in 2020, Blue Suede Hospitality Group has a growing portfolio of hotels across various locations … Latest Stories FromGeneral Catalyst Reportedly Set to Raise $6B for Tech StartupsAlternative Assets | May 2, 2024General Catalyst, the venture capital investor that has made investments in Stripe, Snap, and Mistral, is reportedly raising $6 billion for its latest flagship fund for technology startups. The firm is expected to close its latest fund as soon as next month, according to the Financial Times, citing sources familiar with the matter. The funds ...Cetera Unveils Active ETF Research Select List for FAsETFs | May 2, 2024Cetera Financial Group announced that Cetera Investment Management, the firm’s registered investment advisor, launched an Active Exchange Traded Funds Research Select List available to Cetera-affiliated professionals. The list features 50 active ETFs across 26 equity, fixed income and alternative asset classes, giving Cetera financial professionals a vetted list of recommendations in a rapidly growing investment ...Taconic Capital Unveils Merger Arb StrategyAlternative Assets | May 2, 2024Taconic Capital Advisors, a New York and London based event-driven multi-strategy hedge fund manager, is launching a new merger arbitrage fund as industry sentiment toward merger arbitrage opportunities improves amid a significant increase in transaction activity. Margaret Jones, who has headed merger and acquisition investment within Taconic’s opportunity fund for the past decade, will manage ...SEIA Acquires $2B Cleveland RIADirect Investment | May 2, 2024Signature Estate & Investment Advisors (SEIA), a Los-Angeles based registered investment advisor, will acquire Cedar Brook, a $2 billion RIA based in Cleveland, OH. Financial terms of the deal, which is expected to close in June, were not disclosed. The acquisition will bring SEIA’s assets under management to over $22 billion with 155 employees and ...
