Array Leading in Tough Times: The Lessons That Were Imparted Leadership | September 12, 2023 CRE Debt Increases by $38B in Q2, Says MBA National + Finance | September 25, 2023 Bipartisan Legislation Would Support CRE Loan Workouts National + Finance | September 26, 2023 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 Apartment buildings for saleCheck out the latest properties available on apartmentbuildings.comVillage of the PinesStockton, CACalifornia & West + Apartments + Garden StyleListing Status:AvailableListing Type:Highest & best offerPrice:$15,500,000No. of Units:100Year Built:1969No. of Stories:2Opportunity Zone:NoPrice per unit:$155,000Learn MoreBankruptcy Sale: 291 Livingston StreetBrooklyn, NYNew York & Tri-State + Hotel/MotelListing Status:AvailableListing Type:AuctionNo. of Units:104Year Built:2023Building Size:50914 Sq ftLot Size:3400 AcresNo. of Stories:22Zoning Code:C6-4, DBOpportunity Zone:NoLearn MoreHuntington Park ApartmentsBeaumont, TXTexas + ApartmentsListing Status:UnavailableListing Type:Call for offersNo. of Units:92Year Built:1972Lot Size:79556 AcresOpportunity 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. 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 $150M Apartment/Retail Project Moves Forward Near Raleigh Atlanta & Southeast + Carolinas + Apartments | September 26, 2023 KDM Development has received rezoning approval from the Town of Garner, just south of Raleigh to build a mix of apartments and retail. Swift Creek will have 613 multifamily units and 22,500 square feet of retail space on Fayetteville Road between ParTee Shack and Garner Country Club. The Raleigh Business Journal reports KDM will break ground … Atlanta’s New Signia by Hilton Touts Expansive Ballroom Atlanta & Southeast + Atlanta + Hospitality | September 26, 2023 If you’re an event coordinator in search of a really big room, a soon-to-open Atlanta hotel may be for you. The 976-room Signia by Hilton will have more than 100,000 square feet of meeting space. That includes its largest offering, the Triumph Ballroom, which spans 40,000 square feet. The Atlanta Business Journal reports that would … Latest Boston & New England Stories Streetwear Retailer SNIPES Inks Downtown Crossing Flagship Store Boston & New England + Boston + Retail | September 26, 2023 Gazit Horizons has signed a long-term lease with SNIPES, a leading sneaker and streetwear retailer, for a flagship location at 467 Washington Street in Boston’s Downtown Crossing neighborhood. This will be SNIPES’ first location in the center of Boston, adding to its two existing stores in the greater Boston area. The two-story store will … Sasaki Adds Rishi Nandi as New Associate Principal Architect Boston & New England + Boston + Finance | September 26, 2023 Rishi Nandi, a licensed architect with over 20 years of experience in research space planning for academic institutions and commercial clients, has joined Sasaki, a Boston-based design firm, as an associate principal in architecture. He will lead the firm’s science and technology practice, overseeing projects from space utilization and optimization to design and implementation. Nandi has … Connect TeamPaul BubnySenior Content DirectorJohn HalloranVice President of Creative & MarketingDaniel CenicerosCEOView 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 BREAKING NEWS: Wayne Ratkovich Passes Away at 82 California + Los Angeles + Office | September 26, 2023 Wayne Ratkovich, a Los Angeles-based real estate developer who dedicated his career to improving the quality of urban life in his hometown, died on Sunday, Sept. 24 at Cedars-Sinai Medical Center in Los Angeles. He was 82 years old. The cause of death was complications from an aortic aneurysm. Throughout his career, Ratkovich had an uncanny … Standard Communities Acquires Six-Property Affordable Portfolio California + Los Angeles + Apartments | September 26, 2023 Standard Communities, a leading national developer and investor in affordable and workforce housing, led a public-private partnership that acquired six 100% affordable Section 8 communities in Los Angeles County with a total of 407 units. The transaction has a total capitalization of approximately $122 million, including planned renovation costs exceeding $8 million The six … Latest Chicago & Midwest Stories Regency Buys Old Town Square for $27.5M from Principal Life Insurance Chicago & Midwest + North Side + Retail | September 26, 2023 Old Town Square, a retail property anchored by Jewel-Osco, was purchased by Florida-based real estate investment trust Regency Centers for $27.5 million. Located at 424 W. Division Street, the 87,123-square-foot shopping center property was sold by Iowa-based Principal Life Insurance, which had owned the property since buying it in 2001 for $19.8 million, according to … Bronzeville’s Historic Tabernacle Missionary Baptist Church Hits the Market Chicago & Midwest + South Side + Industrial | September 26, 2023 Bronzeville’s historic Tabernacle Missionary Baptist Church has been listed for sale for $799,000 by Coldwell Banker Realty. The 26,000-square-foot space property at 4130 S. Indiana Avenue is at the center of efforts by preservationists to save it from potential demolition. The building is in need of significant repairs and was boarded up earlier this year. … Latest Florida & Gulf Coast Stories Orlando Health to Raise, Spend $160M on Pediatric Care Florida & Gulf Coast + Florida + Healthcare | September 26, 2023 The Orlando Health Children’s Pavilion will include more than 30 pediatric specialties and is the largest project ever taken on by the foundation associated with the hospital. The nonprofit health system’s Orlando Health Foundation will fundraise for the entire cost of the six-story, 190,000-square-foot project. Estimates to construct the building go as high as $160 … Sentex Buys Gulfport Marina, Has Bigger Fish to Fry Florida & Gulf Coast + Central Florida + Hospitality | September 26, 2023 Suntex Marinas paid $4 million for Mariner’s Cove Marina in Gulfport, but the company has much larger plans in nearby St. Petersburg. Mariner’s Cove Marina is located on Boca Ciega Bay and 10 minutes from the Sunshine Skyway Bridge and the Gulf of Mexico. It also has ease of access to the Florida Intracoastal Waterway. … Latest Global Stories Global Cross-Regional Capital Flows Decline 52% Year-Over-Year National + Global + Finance | September 1, 2023 Global cross-regional capital flows between North America, Europe and Asia-Pacific totaled US$30.5 billion in the first half of 2023, down 52% compared to H1 2022, CBRE reported. Global investment was limited by elevated interest rates, softer real estate fundamentals and a mismatch in pricing expectations of buyers and sellers. Cross-regional capital flow to Europe from … Power Supply Constraints Inhibit Global Data Center Growth National + Global + Industrial | July 17, 2023 A worldwide shortage of available power is inhibiting growth of the global data center market, CBRE says in a new report. Sourcing enough power is a top priority of data center operators across North America, Europe, Latin America and Asia-Pacific. Despite strong near-term market fundamentals, power supply constraints could limit or delay development in markets … Latest Lenders Stories Latest National Stories Bipartisan Legislation Would Support CRE Loan Workouts National + Finance | September 26, 2023 Bipartisan legislation (H.R. 5580) introduced in the House this week would reduce the tax burden on a borrower that can arise when a troubled commercial real estate loan is modified as part of a debt workout, the Real Estate Roundtable said. The legislation, introduced by Reps Claudia Tenney (R-NY) and Brian Higgins (D-NY), could help … CRE Debt Increases by $38B in Q2, Says MBA National + Finance | September 25, 2023 The level of commercial/multifamily mortgage debt outstanding increased by $37.7 billion, or 0.8%, in the second quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Total commercial/multifamily mortgage debt outstanding rose to $4.6 trillion at the end of Q2. Multifamily mortgage debt alone increased $26.4 billion to … Latest New York & Tri-State Stories Xin Development Faces Foreclosure on Midtown Condo New York & Tri-State + Midtown New York + Finance | September 26, 2023 Xin Development Group International, the United States development arm of China’s Xinyuan Real Estate, is confronting foreclosure issues in Manhattan, marking the third such instance for the Chinese developer. The luxury condo in question is an eight-story, 92-unit property located at 500 West 45th Street in Hell’s Kitchen, constructed in 2020. In 2021, it was … MakeInspires Opens First Makerspace in Upper East Side New York & Tri-State + Uptown/Bronx + Retail | September 26, 2023 MakeInspires, a provider of STEAM classes and programs for K-12 students and adults, has opened its first New York City Makerspace on the Upper East Side, reported by New York Business Journal. Located at 1642 York Ave, MakeInspires NYC is in a 3,000-square-foot, bi-level space that features five classrooms named after female icons in the STEM … Latest Phoenix & Southwest Stories Bass Pro Shops to Open Tucson Superstore Phoenix & Southwest + Arizona + Retail | September 26, 2023 Bass Pro Shops will build a 100,000 square-foot store on an undeveloped 13-acre site between Costco and the new Hotel at the Bridges. It will be the companies third Arizona location. The new retail store is expected to open in late 2024. Plans for the new Outdoor World store were revealed Tuesday as the Tucson … S. Tucson Site for Rare New Apartment Complex Phoenix & Southwest + Arizona + Apartments | September 25, 2023 Cabana Bridges will bring 288, much-needed apartments to South Tucson, a mile square village just outside Tucson. South Tucson has not seen the introduction of a newly built rental community in several years. Located at 1102 E 36th St, Cabana Bridges offers apartments for those seeking an affordable price point. All units are available for move-in … Latest Seattle & Northwest Stories Renaissance Group, BGO Finish Renovations on Downtown Seattle Building Seattle & Northwest + Seattle + Office | September 26, 2023 Urban Renaissance Group LLC and BGO have completed extensive renovations to the 20-story Plaza 600 commercial office and retail building in downtown Seattle. Enhancements to the 214,319 square foot Class A office asset focus on the building’s main lobby, amenity spaces, and tenant-accessible spaces, including new ground-floor bike storage featuring self-contained shower facilities. The complete … Cushman & Wakefield Advises Sale of 150-Acre Industrial Development Site Seattle & Northwest + Seattle + Industrial | September 26, 2023 Cushman & Wakefield arranged the sale of a 150-acre industrial land development site in Longview, Washington, near the Port of Longview, located on the Interstate 5 corridor about an hour north of Portland and two hours south of Seattle. The buyer was Cascade Civil Development, an Oregon-based civil construction company specializing in habitat restoration, structural … Latest Texas Stories Port Arthur LNG Plant Could Double Output Texas + State of Texas + Industrial | September 26, 2023 The Federal Energy Regulatory Commission (FERC) just gave Sempra a green light to expand its Port Arthur, Texas LNG plant. A subsidiary of San Diego-based Sempra just received federal approval to expand a big liquefied natural gas facility it is building on the Texas Gulf Coast. Phase I of the $13 billion Sempra plant is already … Dallas’s Pegasus Park Lands ARPA-H Hub Texas + Dallas-Fort Worth + Healthcare | September 26, 2023 Aiming to revolutionize medical research, the $2.5 billion ARPA-H initiative is modeled after the defense research agency DARPA. In a combined three-city bid, Dallas, Austin, and San Antonio competed to win one of the regional hubs from the newly created federal agency. One of the three ARPA-H hubs to the Dallas-Austin-San Antonio consortium—a Customer Experience … Latest Washington DC Stories Water Park Outdoor Dining Opens in National Landing Washington DC + DC Metro + Retail | September 26, 2023 JBG SMITH has announced the opening of Water Park, an outdoor dining destination in National Landing, Virginia. This 1.6-acre park features nine restaurant kiosks operated by local, minority, and women-led businesses. The park also includes water features, public art installations, lush landscaping, seating areas, and a live performance stage. STHRN Hospitality operates Water … Cantor Fitzgerald, Silverstein Form JV for Chesterfield MF Development Washington DC + DC Metro + Apartments | September 26, 2023 Cantor Fitzgerald and Silverstein Properties, in collaboration with Collins Capital Partners and Kaufman Jacobs, are jointly developing The James at Springline, a mixed-use project featuring 298 rental units and 28,000 square feet of retail space in Chesterfield County, Virginia. The project is part of a master-planned development called Springline at District 60, which aims … Latest Stories FromEnvestnet Appoints Former Blackrock Executive CFOFinancial Advisory | September 26, 2023Envestnet, a registered investment advisor technology powerhouse, announced the appointment of former Blackrock executive Joshua B. Warren as CFO, succeeding Pete D’Arrigo who served as CFO since 2008. Warren will initially serve as a senior advisor to Envestnet’s CEO and co-founder William Crager and will become CFO on November 15. D’Arrigo will become senior advisor ...Virginia Retirement Adds $275M to Real Estate, CreditAlternative Assets | September 26, 2023The Virginia Retirement System (VRS) in Richmond added a real estate and credit fund to its portfolio last month, according to recently released investment disclosures from the $105 billion pension system. VRS added a $125 million commitment to Meadow Real Estate VI. The fund is managed by Meadow Partners, which is aiming for a $600 ...JFG to Expand Wisconsin Footprint with $210M RIA AcquisitionDirect Investment | September 26, 2023Johnson Financial Group, a private bank and wealth management firm, plans to expand its northeastern Wisconsin presence with the acquisition of The Appleton Group, a registered investment advisor with $210 million in assets under management. Financial terms of the deal, which is scheduled to be completed by the end of the month, were not disclosed. ...ARCTRUST Launches DST Offering for Ohio Industrial BuildingAlternative Assets | September 26, 2023ARCTRUST Inc, a fully integrated real estate company, announced the launch of ARCTRUST Industrial Delaware statutory trust (DST), a Reg-D private placement offering looking to raise up to $7.1 million. The DST provides 49.5% leverage, targeting a 5.07% year-one distribution for accredited investors with a minimum investment of $50,000. The offering consists of a 144,328-square-foot, ...
