Array Brookfield Sets $15B Target for Fifth Flagship Real Estate Fund National + Finance | June 6, 2023 Cost of Living Drives Shift to “Budget-Friendly” States and Cities National + Finance | June 6, 2023 Walker Webcast: Business, Real Estate and Sports with Alex Rodriguez and Willy Walker National + Finance | June 7, 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 CRE debt maturities: How much trouble are we really in? A 4-part deep dive into debt maturities and their impact on CRE Anticipating the Debt Maturity Onslaught Read Article Debt Maturity: What's Actually in Trouble? Read Article Solutions to Debt Maturities: What Are They? Read Article CRE Debt Maturities and Investor Preparation Read Article 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 1.5M SF AESC Electric Vehicle Battery Factory Breaks Ground in S. Carolina Atlanta & Southeast + Carolinas + Industrial | June 7, 2023 Japan-based electric vehicle battery manufacturer AESC has broken ground on its new $810 million plant in Florence County, SC. The 1.5-million-square-foot factory is expected to open in 2026, creating 1,170 jobs. The 30-GWh battery plant builds on AESC’s existing U.S. battery manufacturing network that includes a plant already operating in Tennessee and another under construction … Parkland Communities Names Nick Patti and Ian Young as Directors Atlanta & Southeast + Atlanta + CRE Insider | June 7, 2023 Parkland Communities Inc. has named Nick Patti is Director of Operations and Ian Young as Director of Development. Young brings more than 27 years of land development experience to his new position. Originally from Scotland with a degree in Civil Engineering, he has worked on civil projects in the U.K. and the U.S., including contributing … Latest Boston & New England Stories New Medical Building with Lab Services Coming to Medway Boston & New England + Metro Boston + Industrial | June 6, 2023 Lobisser Companies has secured financing from Rockland Trust to develop a new medical building in Medway. The building will be leased long-term to Milford Regional Physician Group, a subsidiary of Milford Regional Hospital. The approximately 22,000 square feet medical office building will include laboratory services, x-ray, urgent care, family medicine, pediatrics, and women’s health. … Hines Breaks Ground on Chelsea Industrial Site Boston & New England + Metro Boston + Industrial | June 6, 2023 Hines has completed the demolition phase to commence construction on Chelsea Point, a strategic industrial development site in Chelsea, Massachusetts. Located at 250 Marginal Street, the 146,409-square-foot Class A facility will feature a 36-foot clear height and flexible design for single or multi-tenant uses. Construction is expected to be finished in Q1 2024. The … Connect TeamDennis KaiserVice President, Public Relations & CommunicationsHoward BreitroseVice President, Connect Creative & CommunicationsSarah QuinnVice PresidentView 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 Santa Ana Shopping Center Fetches OC’s Highest Price in Months California + Orange County + Retail | June 6, 2023 Hanley Investment Group Real Estate Advisors recently completed the sale of Bristol Place, a 61,454-square-foot multi-tenant shopping center shadow-anchored by Target in Santa Ana, a half-mile from South Coast Plaza. The sale price was $36.5 million. EVPs Matt Burnett and Kevin Fryman, along with president Ed Hanley, represented the seller, an affiliate of Cadence Capital Investments of Greenwood … Landsea Closes on 144 Townhomes for New Ontario Neighborhood California + Inland Empire + Apartments | June 6, 2023 Landsea Homes Corporation has closed on 144 townhomes for a new neighborhood, Eave II, at the Neuhouse master planned community in Ontario. Eave II will be an extension of Landsea Homes’ existing Eave neighborhood and feature a collection of 144 mid-century courtyard townhomes ranging from 949 to 1,510 square feet. “We jumped at the opportunity to expand our presence … Latest Chicago & Midwest Stories Vienna Beef Plans Mixed-Use at Its Former Factory in Bucktown Chicago & Midwest + North Side + Retail | June 6, 2023 Vienna Beef plans a $20-million redevelopment to turn its former Bucktown factory space into its new corporate offices, factory store and restaurant, Crain’s Chicago Business reported. The new 150,000-square-foot complex will be named Vienna Beef Plaza. The riverside location at 2501 N. Damen Ave. will also include retail space that may eventually be occupied by other … Etta Collective to Join TCC’s Evanston Labs Development as First Tenant Chicago & Midwest + Downtown + Retail | June 6, 2023 Trammell Crow Company (TCC) signed a lease with Etta Collective at the Evanston Labs development in Evanston, Illinois, located at the southwest corner of Orrington Avenue and Clark Street in Evanston, IL. The Etta wood-fired food restaurant concept will occupy the entire ground floor of the 6,808-square-foot retail space in the building and is scheduled … Latest Florida & Gulf Coast Stories Madison Realty Capital Originates $262M Loan for Miami Luxury Condos Florida & Gulf Coast + South Florida + Apartments | June 7, 2023 Madison Realty Capital originated a $262 million construction loan to developers PMG and E11EVEN Partners for E11EVEN Residences Beyond. The dual-tower luxury development is located in Miami’s District 11, neighboring the E11EVEN Hotel & Residences Miami development. The transaction was brokered by Jones Lang LaSalle. E11EVEN Residences Beyond and E11EVEN Hotel & Residences Miami offer … Brand Atlantic, Wheelock Street Capital Complete Boutique Office in W. Palm Beach Florida & Gulf Coast + South Florida + Office | June 7, 2023 Brand Atlantic Real Estate Partners, in partnership with Wheelock Street Capital, has completed the redevelopment of 111 Olive in downtown West Palm Beach. Located in the Clematis Waterfront District, the mixed-use building is the first phase of Banyan & Olive, a boutique Class-A commercial development. B+H Architects with executive architect Spina O’Rourke + Partners restored … Latest Global Stories CREW Launches New Survey Focused on CRE Women’s Global Market Perspectives National + Global + Finance | April 13, 2023 Just 23% of women in the industry are optimistic about the direction of the global economy in the first quarter of 2023, with a slightly larger percentage expressing pessimism. That’s among the highlights of the first installment in a new series from CREW Network. Drawing on responses from more than 1,100 commercial real estate … Blackstone Closes Global Real Estate Fund at $30.4B National + Global + Finance | April 11, 2023 Blackstone said Tuesday it had closed its latest global real estate fund, Blackstone Real Estate Partners X (BREP X), at $30.4 billion. Reportedly it’s the largest real estate or private equity drawdown fund ever raised. In total, Blackstone’s three opportunistic strategies (Global, Asia, Europe) now have $50 billion of capital commitments. Anticipating changing macrotrends, Blackstone … Latest Lenders Stories Latest National Stories Walker Webcast: Business, Real Estate and Sports with Alex Rodriguez and Willy Walker National + Finance | June 7, 2023 In his more than two decades as a major league baseball player, Alex Rodriguez generated impressive statistics. These included a .295 batting average, 3,115 hits, 2,086 RBIs and 696 home runs. Upon his retirement, Rodriguez turned to business. These days, he holds multiple leadership titles, including co-founding principal for Monument Capital Management, is focused solely … Cost of Living Drives Shift to “Budget-Friendly” States and Cities National + Finance | June 6, 2023 COVID-19 changed the way people move and led to subsequent ripple effects on local industries. “Now, as the pandemic recedes into the background, rising inflation rates have become a major concern – and the rising cost of living may be leading some individuals and families to relocate to more budget-friendly states and cities,” Placer.ai says … Latest New York & Tri-State Stories Ariel Property Advisors Expands Investment Sales, Capital Advisory Teams New York & Tri-State + New York + Finance | June 6, 2023 Ariel Property Advisors has announced the expansion of its investment sales and capital advisory teams with the addition of several new hires. Ryan Schwartz joins as a capital services professional, focusing on debt and equity placement for properties in the Bronx market. Ben Schlegel also joins as a capital services professional, specializing in multifamily … Bryant Park Office Tower Adds Four New Leases New York & Tri-State + Midtown New York + Office | June 6, 2023 Madison International Realty and Joseph P. Day Realty Corporation have announced four leasing transactions totaling 47,160 square feet at 10 East 40th Street, now called Tower 40 in Bryant Park. A multinational tire manufacturer has leased 7,480 square feet on the 41st floor, while architectural firm Hart Howerton renewed and expanded to 27,111 square … Latest Phoenix & Southwest Stories Scottsdale’s Tower Capital Passes $1B in BTR Financing Phoenix & Southwest + Phoenix + Apartments | June 7, 2023 For Tower Capital, the hits just keep coming. The Scottsdale company surpassed $1 billion in lending activity for the rapidly growing build-to-rent sector. The financings have helped developers add roughly 6,000 units across 35 communities across the Sunbelt. The Phoenix Business Journal reports Tower Capital’s $1 billion milestone was met after recently arranging $120.5 million … Banyan Secures $73M Loan to Build 399-Unit Denver Rental Property Phoenix & Southwest + Southwest + Apartments | June 7, 2023 Banyan Residential plans to build a 399-unit multifamily building at Picadilly Road and East 65th Avenue, just east of the Gaylord Rockies Resort & Convention Center. The project, called Banyan High Point, is breaking ground at the nearly 14-acre site early next month, with plans to wrap up construction in early 2025. It’s the companies first … Latest Seattle & Northwest Stories Sale of Richland Complex Shows Strong Demand for Institutional Multifamily Seattle & Northwest + Washington + Apartments | June 6, 2023 Located near downtown Richland, The Tides at Willow Pointe apartment complex in Washington has sold for $29,734,325. Kidder Mathews Senior Vice Presidents Ted Sipila and Austin Kelley represented the seller, Washington-based developer Cedar and Sage Homes. The brand-new luxury property is on the Columbia River waterfront at 230 Battelle Boulevard, with construction completed in 2023. … Flexible Long-Term Lodging Provider Opens Third Gen 2.0 Property in The City of Trees Seattle & Northwest + Pacific Northwest + Hospitality | June 6, 2023 Hospitality industry innovator WaterWalk recently introduced its newest property under the brand’s Gen 2.0 model, WaterWalk Boise – Meridian. Located at 88 North Olson Avenue, the upscale property has posh extended-stay amenities with both fully furnished “Stay” and ready-to-furnish “Live” units. WaterWalk Boise – Meridian is centrally located just a short drive from downtown Boise … Latest Texas Stories 3-Building 575K SF Business Park Rising Near PGA HQ Texas + Dallas-Fort Worth + Industrial | June 7, 2023 Dalfen Industrial hopes to capitalize on the buzz surrounding the PGA of America Headquarters and all of the activity it brings. The company has broken ground on the Frisco Trade Center, a three-building, 575,000 square foot industrial park. This industrial development is scheduled to deliver in Q4 2023. Located on Rockhill Parkway near the new … Lincoln Property Appoints New Chief Investment Officer Texas + Dallas-Fort Worth + Office | June 7, 2023 Lincoln Property Company has appointed Maria Stamolis as Chief Investment Officer and Head of Investment Management. In this role, Ms. Stamolis oversees the company’s investment activity across its global portfolio, which currently comprises approximately $3 billion in assets under management invested in over $6 billion in assets for separately managed pension fund portfolios. She is … Latest Washington DC Stories Hoffman & Associates Expands to Charlotte and Richmond Washington DC + DC Metro + Apartments | June 6, 2023 Hoffman & Associates, a real estate developer specializing in mixed-use and residential communities, is expanding into two new markets, Charlotte, NC, and Richmond, VA, as it celebrates its 30th anniversary. The Richmond project, located in Scott’s Addition, is a $133 million mixed-use development featuring retail space, apartments, and amenities. In Charlotte’s South End neighborhood, … Harbor Group International Lands $440M to Refi MF Properties Washington DC + DC + CRE Insider | June 6, 2023 Harbor Group International (HGI) has secured $440 million in refinancing for 25 multifamily properties in its portfolio across the US. The properties include Empire Portfolio in Indianapolis, Freddie Mac provided a $44 million loan for eight assets totaling 915 units via Berkadia; Florida Cardinal Portfolio, Freddie Mac provided a $73 million loan for a nine-asset portfolio totaling … Latest Stories FromGenstar-Backed Cetera Buys $1.4B Kansas RIA Direct Investment | June 7, 2023Genstar Capital-backed Cetera Holdings, the parent company of broker/dealer network Cetera Financial Group, has acquired The Retirement Planning Group (TRPG), LLC., a Leawood, KS registered investment advisor overseeing $1.4 billion in assets. Los Angeles-based Cetera did not disclose the financial terms of the deal, but it announced it will bring on 40 employees, including 14 ...Real Estate Investor Onward Debuts New Fund with $112M Alternative Assets | June 7, 2023Commercial and residential real estate investment firm Onward Investors held the first close of its third fund – Onward Investors Value Fund III – with about $112 million in capital. The latest fund follows Onward’s Value Fund II, a $47 million vehicle closed in 2020. OIVF III will pursue opportunistic debt and equity investments in ...Warburg Pincus Invests in Great Hill-Backed Pareto Health Alternative Assets | June 7, 2023Growth investor Warburg Pincus has become the latest private equity backer of employee benefits platform ParetoHealth. Great Hill Partners, which bought into the business in 2019, will hold an equal stake in Pareto with Warburg. Specific terms of the investment were not disclosed. Philadelphia-based ParetoHealth aims to make self-insurance accessible for small and mid-sized employers, ...Hightower Buys $1B Massachusetts RIA for Sixth Deal of Year Direct Investment | June 7, 2023Hybrid broker-dealer and registered investment advisor (RIA) Hightower announced its sixth deal of 2023 with the acquisition of fee-based RIA Boston Hill Advisors, a $1 billion firm with three locations across Massachusetts and headquartered in North Andover. Specific financial terms of the deal were not disclosed. The deal expands the Chicago-based aggregator’s presence in New England ...
