Array GPs Share Strategies on Building Stronger Investor Relationships National + Weekender | June 30, 2022 WELL Certification Moves into Senior Living National + Weekender | June 30, 2022 Walker Webcast: QB Taylor Heinicke on Overcoming Odds, Perseverance and Consistency National + Finance | June 30, 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 Myers Apartment Group Lands $65M Refi for Class A Multifam in Holly Springs Atlanta & Southeast + Carolinas + Finance | June 30, 2022 Berkadia has secured a $65-million loan on behalf of Myers Apartment Group for the refinancing of Exchange at Holly Springs, a 316-unit, Class A apartment community built in 2020 in the Raleigh, NC submarket of Holly Springs. Charles Foschini, Chris Apone, Mitch Sinberg and Matt Robbins represented the borrower. PIMCO Commercial Real Estate Debt Fund … Aline Capital Appoints Kevin Allen to Guide Launch of Insurance Division Atlanta & Southeast + Carolinas + Finance | June 30, 2022 Greenville, SC-based Aline Capital has named Kevin Allen as head of its new commercial insurance division. The division will focus on commercial property, general liability and builder’s risk insurance for commercial real estate investors and developers throughout the region. “Commercial insurance has proven to be extremely challenging and an evolving dynamic for transactions in the … Latest Boston & New England Stories MP Boston’s Winthrop Center Earns Inaugural Passive House Trailblazer Award Boston & New England + Boston + Office | June 30, 2022 The Passive House Network has honored MP Boston with the 2022 Passive House Trailblazer award for the development of Winthrop Center. The forthcoming 691-foot, mixed-use tower in the heart of Boston contains 812,000 square feet of office space built to Passive House standards for building performance and energy conservation. Upon completion in 2023, Winthrop Center … JLL Appoints Martha Nay to Lead New Multi-Housing Advisory Team Boston & New England + Boston + Finance | June 30, 2022 JLL has appointed managing director Martha Nay to lead a newly formed multi-housing investment sales advisory team in its Boston office. The team has been created to meet the increasing need for capital solutions within the Boston multi-housing sector. Nay will work with director Kellie Coveney to provide investment sales advisory services for multi-housing clients. … Connect TeamEmily LettieriVice PresidentDennis KaiserVice President, Public Relations & CommunicationsPaul BubnySenior Content 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 JLL Secures $69M in Financing for OC Retail Portfolio California + Orange County + Retail | June 30, 2022 JLL Capital Markets has arranged $69 million in financing for a three-property retail portfolio in Costa Mesa, CA and Fullerton, CA. The trio of assets, anchored by Sprouts, Ralphs and Target totals 195,000 square feet and JLL secured the 10-year, fixed rate loans on behalf of the borrower. Two of the three properties are located … Irvine Office Campus Sells for $235M California + Orange County + Office | June 30, 2022 JLL Capital Markets has closed the $235 million sale of Intersect, a four-building, creative office campus in Irvine, CA. JLL also procured the buyer in the transaction, MetLife Investment Management (MIM) & PGGM, plus secured a $118 million acquisition loan through Allianz Real Estate. Intersect, located on Von Karman and Gillette Avenues, is a 454,000-square-foot … Latest Chicago & Midwest Stories Flight to Quality Drives Pre-leasing in Downtown Chicago’s Spec Office Builds Chicago & Midwest + Downtown + Office | June 30, 2022 The flight-to-quality movement is in full effect in downtown Chicago, as the concentration of older office assets has led to heightened pre-leasing on speculative builds, Marcus & Millichap reported. The company’s second-quarter Chicago office report said, “Firms that are expanding their physical footprints have shifted preferences in favor of newer, amenitized spaces in an effort … Google Reportedly in Talks to Buy Thompson Center in Chicago’s Loop Chicago & Midwest + Downtown + Office | June 29, 2022 Tech giant Google is in talks to buy the iconic Thonpson center located in Chicago’s Loop, according to The Block news service. Opened in 1985, the startlingly designed circular building was built by legendary architect Helmut Jahn for the state of Illinois, which for years maintained the bulk of its Chicago offices in the building. … Latest Florida & Gulf Coast Stories Stoneweg Spends $91M to Secure Multifamily in Charlotte’s NoDa District Florida & Gulf Coast + Central Florida + Apartments | June 30, 2022 St. Petersburg-FL based Stoneweg U.S. LLC, has acquired Amaze @ NoDa, a recently developed 298-unit complex in Charlotte, NC, for $90.9 million. “Charlotte remains a key market for us given its consistently strong growth indicators, continuous transformation and innovative progression,” said Ryan Smyth, director of acquisitions for Stoneweg U.S. Dennis Harris, Austin Haney and Matt … Marcus & Millichap Promotes Ryan Nee to SVP and Southeast Division Manager Florida & Gulf Coast + South Florida + Office | June 30, 2022 Marcus & Millichap has promoted Ryan Nee to SVP and division manager of the Southeast. Nee has been with the company over 15 years, most recently as first VP and district manager, and is based out of the company’s Fort Lauderdale, FL office. Nee began his career as an associate in Marcus & Millichap’s Fort … Latest Global Stories Global Economic Report: Optimism Amid the Headwinds National + Global + Weekender | May 27, 2022 Major events have marked 2022 so far, ranging from the geopolitical (the Russia-Ukraine war), to the economic (inflation). Topping it all off are continued logistics bottlenecks caused, in part, by COVID-19 lockdowns in China. Despite this, global economic reports issued by CBRE and JLL haven’t predicted gloom and doom. Both reports note that, while headwinds … Blockchain Concern Intelly Gearing Up to Launch Property Investment Platform Global + Finance | May 25, 2022 Intelly, a future-oriented company that combines property investment and blockchain technology, is gearing up to launch its real-estate investment platform in July, company officials said this week. Once it comes online, the platform will allow investors to participate in lucrative real-estate projects – both commercial and residential – worldwide. “By combining our years of experience … Latest National Stories GPs Share Strategies on Building Stronger Investor Relationships National + Weekender | June 30, 2022 Traditional and alternative investments are undergoing major changes, meaning general partners have to respond more quickly to opportunities, be more adaptable and meet growing expectations when it comes to transparency, visibility and data. In response Juniper Square, which provides support for general partnerships and limited partnerships to better connect, manage fundraising and scale operations, released … WELL Certification Moves into Senior Living National + Weekender | June 30, 2022 The WELL Building Standard was launched in 2014 as performance-based system to measure, certify and monitor features of environments that impact human health and wellbeing. Managed by the International WELL Building Institute (IWBI), the standard’s 10 concepts of air, water, nourishment, light, movement, thermal comfort, sound, materials, mind and community have been used by commercial … Latest New York & Tri-State Stories CoreVest American Finance Closes on $3133M Securitization, Uses Blockchain Tech New York & Tri-State + Finance | June 30, 2022 CoreVest American Finance Lender LLC, a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc. with New York offices in Midtown Manhattan, said it had closed a $313-million securitization backed by its single-family rental (SFR) loans. The transaction represents CoreVest’s second securitization in 2022, 19th SFR securitization and 21st … WiredScore Raises $15M in Series B Round New York & Tri-State + Downtown New York + Finance | June 29, 2022 WiredScore, the Lower Manhattan-based certification company focused on digital connectivity and smart technology, has raised $15 million in Series B funding led by Beringea with key participation from notable strategic and venture fund investors including Cushman & Wakefield, Crow Holdings and Taronga Ventures. These new investors are in addition to core returning investors Fifth Wall, … Latest Phoenix & Southwest Stories Phoenix Famed Biltmore Commerce Center Acquired by George Oliver Phoenix & Southwest + Phoenix + Office | June 30, 2022 George Oliver has put his stamp on a number of posh Phoenix-area addresses, taking over projects such as the Arbor in Tempe, The Alexander and Johnathan in Chandler and the Quad in Scottsdale. And the iconic Biltmore Commerce Center, which sits at 32nd Street and Camelback Road, should be no different. The purchase price was … Southern Arizona Rental Property Fetches $46.5 Million Phoenix & Southwest + Arizona + Apartments | June 30, 2022 The 252-unit Port Royale is in Sierra Vista, about an hour south of Tucson. The selling price equates to $184,454 per unit. The town is best known for being the home to the Fort Huachuca Army Base, which is about five miles from the property. Element Property was the seller. Sundance Bay the buyer. Institutional … Latest Seattle & Northwest Stories Portland Mixed-Use Property Secures $40M Recap Financing Seattle & Northwest + Portland + Apartments | June 30, 2022 CBRE has arranged $40 million in financing for the recapitalization of a mixed-use property and retail center near downtown Portland, OR. The CBRE Capital Markets’ Debt and Structured Finance team of Nick Santangelo, Matt Thorp and Rick Brody arranged the five-year, fixed-rate non-recourse loan through PGIM on behalf of the sponsor, Manulife Investment Management. LL … Kidder Sells Tacoma Multifamily for $21M Seattle & Northwest + Seattle + Apartments | June 30, 2022 Coventry Court IV Apartments, a 100-unit, garden-style multifamily complex located in Tacoma, WA sold for $21 million in a deal arranged by Kidder Mathews between the seller, Goodman Real Estate and the buyer, Next Wave Investors. The transaction involved a loan assumption from the seller to the buyer. “We want to thank the parties for … Latest Texas Stories Dallas City Council Piles On $96 Million in Incentives for One Newpark Texas + Dallas-Fort Worth + Office | June 30, 2022 It’s just a surface parking lot right now. But not for long. The developers of the 38-story, 1.3 million square foot mixed-use tower were recently given a pledge from the City of Dallas of $4.1 million in the form of an economic development grant and up to $92 million payable from future Tax Increment Financing … Buy a Building, Get a Classic ’67 Mustang Texas + Dallas-Fort Worth + Industrial | June 30, 2022 The group with the listing of a Carrollton, Texas multi-tenant industrial/retail/flex building will allow you to drive home, in a hurry, if you pay full price for the property. Built in 2014, the property with 68,000 square foot of rentable space, sits on 6 acres. The building is 100% occupied. The seller is a major … Latest Washington DC Stories Quad Property Group Secures Fredericksburg Multifam with $32M Financing Washington DC + DC Metro + Apartments | June 30, 2022 Berkadia has secured $31.7 million in acquisition financing and completed the sale of Summit Kings Mill (previously Kendalwood Apartment Homes), a 170-unit garden-style multifamily property in Fredericksburg, VA. Joshua Finley of Berkadia arranged the financing on behalf of the buyer, Quad Property Group. The three-year bridge loan was financed through ACRE. Drew White and Carter … Stream Realty Partners Adds Tim McCarty to DC Leasing Operations Washington DC + DC + Office | June 30, 2022 Stream Realty Partners has welcomed Tim McCarty as a VP in its Washington, DC office. He will be responsible for sourcing, winning, and executing business across all service lines, including leasing, acquisitions, tenant representation and development opportunities. McCarty comes to Stream from Akridge, where he was an assistant VP. Previously he served as a tenant …
