Array Walker Webcast: MPA’s Charles Rivkin—Ideas on Entertainment, Diplomacy and Leadership National | August 17, 2022 Comparing Green Regulations Across Countries National + Weekender | August 18, 2022 CRE Mortgage Loan Volume Rose 19% Y-O-Y in Q2; Slowdown Expected Later in 2022 National + Finance | August 18, 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 Northmarq Negotiates $55M Refi of Drury Plaza Hotel Nashville Downtown Atlanta & Southeast + Southeast + Finance | August 19, 2022 Northmarq has arranged a $55-million, fixed rate, non-recourse loan on the Drury Plaza Hotel Nashville Downtown in Nashville, TN. Jeff Chaney and Dan Baker with Northmarq secured the loan on behalf of Drury Development Corporation through the company’s correspondent relationship with a life insurance company. The transaction was structured with a 10-year loan term on … KKR Locks Up Marietta Self-Storage Facility for $18M Atlanta & Southeast + Atlanta Metro + Industrial | August 19, 2022 KKR has purchased a self-storage facility in Marietta, GA for $18.1 million. CBRE represented the seller, private investor StorMaster, in the transaction. The 73,300-square-foot property on Powder Springs Road was originally constructed in 1996 on a four-acre lot. The single-story facility is less than 20 miles from Atlanta and is within a five-mile radius of … Latest Boston & New England Stories Seven Tenants Sign for 30K SF at 211 Congress Street in Boston’s Financial District Boston & New England + Boston + Office | August 19, 2022 Newmark has completed seven leases totaling more than 30,000 square feet at 211 Congress Street in the Financial District of Boston, MA. The 11-story office building totals 80,000 square feet. Jason Cameron, Jim Brady and Liam O’Connor represented the property, which is owned by an affiliate of Drucker Associates. The asset is managed by Lincoln … EagleBridge Capital Arranges $21M Debt, Equity for Andover R&D Building Boston & New England + Metro Boston + Finance | August 19, 2022 EagleBridge Capital has arranged mortgage and JV equity financing in the amount of $20.7 million for 3 Riverside Drive, a research and development property located in Andover, MA. Ted Sidel of EagleBridge completed the financing for the 93,500-square foot facility. It is leased to Fishman Transducers, which designs and manufacturers acoustic amplification products, and New … Connect TeamEmily LettieriVice PresidentJennifer LloydCreative DirectorMichael ThwaiteChief Technology OfficerView 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 Cushman & Wakefield Arranges Lease at New Tustin Project California + Orange County + Industrial | August 18, 2022 Cushman & Wakefield has represented the JV of Panattoni Development Company and Link Logistics Real Estate in arranging the lease of 14451 Myford Rd, a brand new industrial project in Tustin, CA. The freestanding, 220,000-square-foot, Class-A logistics project nearing completion has been fully pre-leased to an undisclosed tenant. “This property is a best-in-class industrial project, … Gigabyte Technology Buys LA County Industrial Building California + Los Angeles + Industrial | August 18, 2022 Daum Commercial Real Estate Services has directed the acquisition of a 56,000-square-foot, Class-A industrial asset in City of Industry, CA. The firm’s Nathan Lara represented the buyer, Taiwan-based Gigabyte Technology, which plans on using the building for their own business purposes. Terms of the deal were not disclosed. “In the past year, there were only … Latest Chicago & Midwest Stories Hotel Occupancy, Downtown Programming Point to Loop Recovery Chicago & Midwest + Downtown + Hospitality | August 18, 2022 Hotel occupancy in downtown Chicago reached a new high of nearly 90% recovery rate, surpassing the previous record in May, the Chicago Loop Alliance said Thursday. The surplus of major programming like Lollapalooza and Sundays on State also invigorated the recovery of the Loop, with over 113,000 attendees at the first Sundays on State and … Lincoln Park Sale Hits Per-Unit High on Pricing Chicago & Midwest + North Side + Apartments | August 18, 2022 Chicago-based Novak Development has sold a 32-unit rental building at 2050 N. Clark St. In Lincoln Park to HP Ventures for $20.5 million, reported Crain’s Chicago Business, citing Apartment Investment Advisers, the brokerage that arranged the sale. The price works out to nearly $641,000 a unit, the most paid per unit for a Lincoln Park … Latest Florida & Gulf Coast Stories Carter Multifamily Secures $302M to Refinance Six-Property Portfolio Florida & Gulf Coast + Central Florida + Finance | August 19, 2022 Tampa, FL-based Carter Multifamily has received $262 million in debt and $40 million in equity secured by JLL for the refinancing of a six-property, 1,494-unit, garden-style multi-housing portfolio scattered across AL, MD, and VA. Melissa Marcolini Quinn and Lee Weaver of JLL represented the borrower to secure the seven-year, floating-rate loans through Freddie Mac Multifamily. … Wells Acquisition Pays $24M for Three Ground-Leased Properties in Homestead Florida & Gulf Coast + South Florida + Retail | August 19, 2022 SRS Real Estate Partners has completed the $23.8 million portfolio sale of three ground-leased (single-tenant) properties in Homestead, FL. The properties are under construction and have been pre-leased by Target, Raising Cane’s and Murphy Oil; the long-term leases require no landlord responsibilities. Patrick Nutt and William Wamble of SRS represented the seller, Homestead Pavilion LLC. … Latest Global Stories Cain International Leads $900M Investment in Luxury Hotelier Aman Group Global + Hospitality | August 17, 2022 Privately held investment firm Cain International and The Public Investment Fund have made a $900-million investment into Aman Group to support the brand’s global expansion of ultra- luxury hotels and branded residences. The transaction values Aman Group at US$3 billion. Aman Group comprises a collection of 34 hotels across 20 countries, 12 of which include Aman Branded … Q&A with Hines’ Peter Epping on the Company’s New Carbon Commitment National + Global + Office | August 12, 2022 Sustainability has been a watchword for Hines since Gerald Hines founded it in 1957—even if, as the company’s Peter Epping points out, “It wasn’t called sustainability then, or ESG or any other acronym. For him, it was the durability of the buildings and the quality, their longevity and what impact they would have on the … Latest Lenders Stories Latest National Stories CRE Mortgage Loan Volume Rose 19% Y-O-Y in Q2; Slowdown Expected Later in 2022 National + Finance | August 18, 2022 Commercial and multifamily mortgage loan originations increased 19% year-over-year in the second quarter of 2022, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. A rise in originations for retail, hotel, and multifamily led the overall increase in lending volumes. ”Borrowing and lending backed by commercial real estate set another … Comparing Green Regulations Across Countries National + Weekender | August 18, 2022 With climate change entering into the discussion in greater detail, municipalities, states and countries are becoming more aggressive in introducing and passing regulations to help mitigate potentially hazardous results. In its recently released “Property Insights,” Green Street provided an overview about climate-related regulations pertaining to commercial real estate in the United States and Europe. In … Latest New York & Tri-State Stories Michaels Renews Lease in Long-Term Chelsea Space New York & Tri-State + Downtown New York + Retail | August 18, 2022 Specialty arts and crafts retailer Michaels has signed a lease renewal for 32,000 square feet on the ground floor of GFP Real Estate’s 675 Ave. of the Americas in Chelsea, where it has been a tenant since 2014. Jeffrey Gural, chairman and principal of GFP Real Estate, represented the tenant and the landlord in the … Lee NYC Reps Asset Management Firm in Move from Sublease to Full Lease New York & Tri-State + Midtown New York + Office | August 18, 2022 Lee & Associates NYC represented Lucid Management and Capital Partners LP, a specialized fixed-income asset management firm, in a 3,900-square-foot office lease at 295 Madison Ave. in Midtown. Lucid will occupy the entire 39th floor as its global headquarters. Lee NYC previously represented the firm in 2021 when it moved into this space as a … Latest Phoenix & Southwest Stories Lincoln Property Group to Build First Las Vegas Business Park Phoenix & Southwest + Southwest + Industrial | August 19, 2022 LPC Desert West, the Southwest Division of Dallas-based Lincoln Property Company, has acquired 86 acres for an industrial project. Known as the Windsor Commercial Park, at eight buildings and almost 1.6 million square feet, the project represents the company’s first ground-up development in Nevada. LPC’s David Krumwiede welcomes the opportunity, “We’re excited to apply our … Far-East Phoenix Suburb Site for Apartment Rental Trade Phoenix & Southwest + Phoenix + Apartments | August 18, 2022 FSO Realty purchased the 176-unit Sonoma Valley located in Apache Junction, about 30 minutes east of Downtown Phoenix, for $44.5 million. The price per apartment unit was $252,000. Northmarq represented the seller, Scottsdale-based Sonoma Valley. Northmarq’s Jesse Hudson has more on the buyers motives, “The buyer was attracted to the property because of its long-term … Latest Seattle & Northwest Stories The Swig Company Purchases Newly-Built Beacon Hill MultiFam Seattle & Northwest + Seattle + Apartments | August 18, 2022 The Swig Company has acquired its first residential community in the Pacific Northwest, partnering with RISE Properties Trust in purchasing the 139-unit, newly-constructed Colina Apartments in the Beacon Hill neighborhood of Seattle. Kidder Mathews’ Simon and Anderson team represented the seller in the $65.5 million transaction. Located at 2709 17th Ave. S, the transit-oriented, LEED … CBRE Brokers $57M Sale of Issaquah Shopping Center Seattle & Northwest + Seattle + Retail | August 18, 2022 CBRE has brokered the $57 million sale of the Town & Country Square shopping center, a potential redevelopment property, in Issaquah, WA. The firm’s Dino Christophilis and Daniel Tibeau represented the seller, a local investment group. The buyer, a private investor, has not filed plans for the property, but its location is prime for eventual … Latest Texas Stories A10 Capital Adds CRE Veteran John Jardine to Dallas Office Texas + Dallas-Fort Worth + Finance | August 18, 2022 A10 Capital, a commercial real estate lending company, announced that real estate financing veteran John Jardine has joined the company. John joins the firm as Executive Vice President, Originations in the Dallas office. Jardine has more than 14 years of commercial real estate finance, loan production, capital markets and asset management experience. He will be … Walton Global Sells 681 Acre San Marcos Parcel Texas + State of Texas + Apartments | August 18, 2022 Walton Global touts that they invest in land that has a strong chance of one day being developed into a master-planned community. Located in Caldwell County, within the Austin-San Antonio corridor, the development site sits along State Highway 142 and is close to Interstate 35. Walton Global’s David Peter says the property has potential, “We … Latest Washington DC Stories Guardian Realty Investors Preps Life Science Facility in Germantown Washington DC + DC Metro + Industrial | August 19, 2022 Rockville, MD-based Guardian Realty Investors, LLC, is ready to launch the re-imagining of a former industrial and technology in building in Germantown, MD into a life science facility. Observation Labs, located at 20400 Observation Drive, will provide approximately 15,000 square feet of ready-to-occupy spec suites ranging from 3,800 to 7,800 square feet for delivery in … Aztec Group Secures $8M Refi for Chantilly Self-Storage Facility Washington DC + DC Metro + Finance | August 19, 2022 Miami, FL-based Aztec Group has secured $8 million in debt for the refinancing of ExtraSpace Chantilly Self Storage in Chantilly, VA. The property has 636 units across 71,000 square feet. Charles Penan, Howard Taft, Jeff Levin and Joel Zusman of Aztec group arranged the Goldman Sachs-provided 10-year, interest-only loan, which will be used to refinance …
