Array Principal Launches Actively Managed CRE ETF, Gives Investors Exposure to Specific Sectors National + Finance | May 21, 2022 Investors Really Like Apartments National + Weekender | May 20, 2022 Fannie Mae: Inflation, Interest Rates Mean Slower GDP Growth National + Finance | May 21, 2022 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 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 Crestlight Capital Purchases SouthPark Towers Office Campus in Charlotte Atlanta & Southeast + Carolinas + Office | May 20, 2022 Crestlight Capital, in partnership with an institutional investor, has acquired SouthPark Towers in the SouthPark submarket of Charlotte, NC. The purchase of the two-building office campus represents Crestlight’s first office investment in Charlotte and fourth investment over the past 16 months totaling over $500 million of enterprise value. “Charlotte is a core focus market for … Suwanee Buy Brings Northland’s Atlanta Multifamily Investment to $520M Atlanta & Southeast + Atlanta Metro + Apartments | May 20, 2022 Newton, MA-based Northland has acquired The Maven, a fully leased 276-unit, garden-style community in Suwanee, GA about 30 miles from downtown Atlanta. Since entering GA in 2020, Northland has invested $520 million to acquire 1,300 apartments and $250 million in land for future development, including the acquisitions of of SLX Atlanta and a Midtown development … Latest Boston & New England Stories TA Realty, Wilder Acquire $390M Retail Portfolio across Boston and Providence Boston & New England + Metro Boston + Retail | May 20, 2022 Newmark has completed the $390-million sale of nine grocery-anchored shopping centers located across greater Boston, MA and in Providence, RI. The portfolio is 95% leased. Robert Griffin, Geoffrey Millerd, Jonathan Martin and Paul Penman of Newmark represented seller Gravestar and procured the buyer, TA Realty and operating partner Wilder. Newmark’s Mathew Adler provided additional support … Northland’s Latest Buy Brings Atlanta Multifamily Investment to $520M Boston & New England + Metro Boston + Apartments | May 20, 2022 Newton, MA-based Northland has acquired The Maven, a fully leased 276-unit, garden-style community in Suwanee, GA about 30 miles from downtown Atlanta. Since entering GA in 2020, Northland has invested $520 million to acquire 1,300 apartments and $250 million in land for future development, including the acquisitions of of SLX Atlanta and a Midtown development … Connect TeamEmily LettieriVice PresidentMichael ThwaiteChief Technology OfficerJennifer LloydCreative DirectorView 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 MMCC Lines Up $64M Financing for Monrovia Apartment Project California + Los Angeles + Finance | May 21, 2022 Marcus & Millichap Capital Corporation (MMCC) arranged $64.39 million in financing for a 252,100- square-foot multifamily property at 127 W. Pomona in Monrovia. The financing was secured by executive managing director Sharone Sabar and associate director Stefen Chraghchian, both based in MMCC’s Encino office. The 42-month loan has an LTC of 65% and an interest … Developer Trades Brentwood Portfolio After 60-Year Hold California + Los Angeles + Apartments | May 21, 2022 A four-building, 36-unit multifamily portfolio in Brentwood has been sold by original ownership for $17.165 million. The buyer is a local real estate investor and developer, who acquired the portfolio ff-market in a 1031 exchange. Kidder Mathews’ Michael Monempour represented both parties. The buildings were constructed in the 1960s and have remained under original family … Latest Chicago & Midwest Stories Almanac Realty to Take Passive, Minority Stake in Chicago’s Waterton Chicago & Midwest + Downtown + Finance | May 21, 2022 Chicago-based Waterton, a national real estate investor and operator, and Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, have reached an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton. The strategic investment will provide additional resources to Waterton while having no impact on … Bridge Industrial Launches ESG Program Chicago & Midwest + Downtown + Industrial | May 21, 2022 Bridge Industrial has formed an environmental, social, governance (ESG) program and is working with ESG consultancy firm Verdani Partners to ensure the smooth integration of the newly established program throughout the company’s corporate culture. In establishing the program, Bridge aims to create lasting value through sustainability. To help spearhead the program, Bridge promoted Francesca De … Latest Florida & Gulf Coast Stories $61M Buys Two Multifams in Tampa’s Seminole Heights Neighborhood Florida & Gulf Coast + Central Florida + Apartments | May 20, 2022 CBRE has secured $50.3 million in acquisition financing for two multifamily properties, HITE and Notch, both located in Tampa, FL’s historic Seminole Heights neighborhood. The portfolio sold for $60.5 million. Eric Fixler and Chandler Kaye with CBRE worked on behalf of the borrower, a private investor. Ready Capital provided the senior loan with additional proceeds … 898-Bedroom Student Housing Near LSU Matriculates to New Ownership Florida & Gulf Coast + Gulf Coast + Senior Housing | May 20, 2022 Naples, FL-based Halstatt Real Estate Partners has sold The Legacy at Baton Rouge, a purpose-built student housing complex located near Louisiana State University in Baton Rouge, LA. The community features 299 units with 898 bedrooms as well as luxury amenities including a gym, study room and three resort style pools. Halstatt partnered with Landmark Properties … Latest Global Stories Global CRE Investment Volume Jumps 34% in Q1 2022 National + Global + Weekender | May 12, 2022 Despite the worldwide geopolitical and economic uncertainty, global commercial real estate investment seemed undaunted, growing by 34% year over year in Q1 2022 to US$282 billion. According to a CBRE report, investment increased by 47% in the Americas, 25% in Europe, the Middle East and Africa (EMEA) and 5% in the Asia-Pacific region. Multifamily investments … Equinix in $735M Latin America Deals, Buys Four Data Centers in Chile Global | May 3, 2022 Equinix Inc, a global digital infrastructure company, has extended its “Platform Equinix” deeper into Latin America following the completion of the acquisition of four data centers in Chile from Empresa Nacional De Telecomunicaciones S.A., Entel, a leading Chilean telecommunications provider. Equinix also announced it has signed an agreement to acquire one additional data center in … Latest National Stories Fannie Mae: Inflation, Interest Rates Mean Slower GDP Growth National + Finance | May 21, 2022 Persistent inflation, rising interest rates and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3%, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) … Principal Launches Actively Managed CRE ETF, Gives Investors Exposure to Specific Sectors National + Finance | May 21, 2022 Des Moines-based Principal Global Investors announced the Principal Real Estate Active Opportunities ETF, the firm’s first semi-transparent ETF, is available for trading upon today’s market open of the New York Stock Exchange. It is a new, actively managed, semi-transparent ETF that has a focused concentration on the non-traditional property sectors of the publicly traded U.S. … Latest New York & Tri-State Stories Taconic Capital Closes on its Third Real Estate Fund, with Focus on Distress New York & Tri-State + Midtown New York + Finance | May 20, 2022 New York-based Taconic Capital Advisors, a global institutional investment firm, has closed its third real estate fund, Taconic CRE Dislocation Onshore Fund lll, TCREDF III, with $500 million in capital commitments. The fund comprises investments from a diverse group of existing and new investors with flexibility to tap into an overflow vehicle for more concentrated … Jeweler Ted Muehling Finds New Shop Space in Tribeca New York & Tri-State + Downtown New York + Retail | May 20, 2022 Newmark Retail completed a 4,400–square-foot lease with high-end jeweler Ted Muehling at 104 Franklin St. in Lower Manhattan’s Tribeca neighborhood. Managing director Andrew Stern and director Ravi Idnani represented asset owner Magna & York. Ted Muehling has been designing jewelry and decorative objects since 1976. The jeweler, a longtime tenant of downtown, first had a shop on Greene Street, then Howard Street, and most … Latest Phoenix & Southwest Stories New Investment Group Buys Six Boulder-Area Buildings Phoenix & Southwest + Southwest + Office | May 20, 2022 Good Investment Partners (GIP), a new Denver-based private equity firm, has acquired a portfolio made up of six different projects. The combined grouping of flex, industrial and office spaces makes up a total of 184,462 square feet. The six projects are situated on a combined 13 acres. The combined sales price was listed at $39 … Central Phoenix Apartment Sells to Cal-Based Investor Phoenix & Southwest + Phoenix + Apartments | May 20, 2022 KB Investment Development was the buyer of the 280-unit project, known as the Green Leaf Arts District. The 2017-completed project sits in proximity to historic Phoenix neighborhoods adjacent to the metro Light Rail system. Units average 860-square feet and include a number of the most popular amenities. It’s near a number of art galleries and … Latest Seattle & Northwest Stories Seattle-Based GEM Acquires Nation’s Largest Cross-Country Ski Resort Seattle & Northwest + Washington + Hospitality | May 20, 2022 GEM Real Estate Partners recently acquired Sun Mountain Lodge, the largest cross-country ski resort in North America and the only luxury ranch in Washington State. Terms of the deal weren’t disclosed. GEM purchased Sun Mountain Lodge from the Haub family, which has invested millions of dollars to expand and maintain Sun Mountain Lodge since acquiring the … CenterCal Launches $35M Refresh of Tigard Lifestyle Center Seattle & Northwest + Portland + Retail | May 20, 2022 Opened in 2005 by CenterCal Properties, the Bridgeport Village lifestyle center in Tigard, OR is now undergoing a refresh. beloved lifestyle center is undergoing a significant refresh which will elevate and modernize the Village. With an investment valued at more than $35 million, the refresh will feature covered seating areas, a center court village green surrounded by … Latest Texas Stories Construction on 1,562 Self Storage Units Underway in South Texas Texas + State of Texas + Industrial | May 20, 2022 A partnership between San Antonio-based Bakke Development Corp. and Batson-Cook Development will, together, work on two separate self-storage facilities. The two projects, one in Brownsville and the other in McAllen, are mirror-images of each other. They will both comprise 781 units and 87,000 feet of rentable space. Alamo Architects is the architect for both facilities … JC Penney Returns to Plano HQ Texas + Dallas-Fort Worth + Office | May 20, 2022 As part of their bankruptcy proceeding, JC Penney’s left its Plano headquarters within Legacy West in 2020. And in a few months they will be back in their iconic office. Two large mall owners, Brookfield and Simon, have since bought the former retail giant and have kept the name, and business going. The company has … Latest Washington DC Stories Sale of 47-Acre Site in Hagerstown Makes Way for 210K-SF Industrial Building Washington DC + DC Metro + Industrial | May 20, 2022 Colliers has facilitated the sale of a 46.93-acre industrial property in Hagerstown, MD. The property at 12001 Hopewell Road was purchased by MLD Limited Partnership, a joint venture of Elberon Development Group and The Avidan Group that plans to develop a nearly 210,000-square-foot industrial building at the site (but will consider modifying the site plan … Walde Management Pays $19M for Henrico Multifam in LIHTC Program Washington DC + DC Metro + Apartments | May 20, 2022 Cushman & Wakefield has arranged the $18.5-million sale of the Townhomes of Oakley, a 160-unit multifamily property located on Needham Court in the Richmond submarket of Henrico, VA. Jorge Rosa and TJ Liberto with Cushman & Wakefield represented the owner, Thalhimer Realty Partners, in the transaction. The property was acquired by Walde Management, LLC. “This …