Array BREAKING NEWS: Avison Young Acquires Office and Industrial Service Lines from Madison Marquette National + Office | August 18, 2022 Cuningham’s Jeffrey Schoeneck on Why Modular Construction is Gaining Traction in Multifamily National + Apartments | August 17, 2022 Walker Webcast: MPA’s Charles Rivkin—Ideas on Entertainment, Diplomacy and Leadership National | August 17, 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 Highwoods Properties Closes $203M Buy of Legacy Union SIX50 in Charlotte Atlanta & Southeast + Carolinas + Office | August 18, 2022 Raleigh, NC-based Highwoods Properties, Inc., has completed the acquisition of the 650 South Tryon building in Charlotte, NC for $203 million. The 18-story property, “Legacy Union SIX50,” is within Charlotte CBD’s Legacy Union mixed-use development. Highwoods’ total investment includes $5.2 million of anticipated leasing capital expenditures to bring the property to stabilization and is net … Cleveland Electric Takes 51K-SF at Northcreek Office Park in Atlanta Atlanta & Southeast + Atlanta + Office | August 18, 2022 Cushman & Wakefield has arranged a new 51,042-square-foot lease at Northcreek Office Park in Atlanta, GA for Cleveland Electric Company. The company will occupy three floors in Building 100 within the complex and is building a creative outdoor patio space for its employees. Aileen Almassy and Melanie Garlock with Cushman & Wakefield represented the building … Latest Boston & New England Stories Partnership Trio to Build $230M Life Science Development in Somerville Boston & New England + Metro Boston + Office | August 18, 2022 JLL has arranged a $230-million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling 262,000 square feet in Somerville, MA. Brett Paulsrud, Henry Schaffer and Mike Shepard of JLL represented DLJ Real Estate Capital Partners, Leggat McCall Properties and Deutsche Finance America to secure the non-recourse construction loan with … Rockland Trust Adds Pascuccio, Rathkamp to Danvers Commercial Loan Team Boston & New England + Metro Boston + Finance | August 18, 2022 Rockland Trust has added Tony Pascuccio and Jeff Rathkamp as VP commercial loan officers in its Danvers office. Pascuccio brings over three decades of experience in the financial services industry, including lending, management and development. He has also designed training and continuing education for fellow sales teams to achieve business goals. Prior to joining Rockland … Connect TeamEmily LettieriVice PresidentMichael ThwaiteChief Technology OfficerSarah 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 Biotech REIT Acquires San Diego Hyatt for $216M California + San Diego + Hospitality | August 17, 2022 IQHQ, a biotech REIT that specializes in life science development, has purchased The Hyatt Regency La Jolla Aventine for $216 million. The firm has already acquired a pair of adjoining buildings on the site, but has made no announcement of future plans for the property. Built in 1989, the 416-room, 12-story Hyatt Regency Aventine was … IE MultiFam Portfolio Secures $27M Refinance California + Inland Empire + Apartments | August 17, 2022 The Northmarq San Diego regional office has arranged the $27 million refinance of three Inland Empire multifamily properties consisting of 286 total units. The transaction, put together by Northmarq vice presidents Conor Freeman and Wyatt Campbell, was structured with a 10-year term and 10 years of interest-only payments. The financing was secured through the firm’s … Latest Chicago & Midwest Stories Global Retailing Consultant Nicki Hines Joins JLL as Executive Managing Director Chicago & Midwest + Downtown + Retail | August 17, 2022 JLL has appointed Nicki Hines as executive managing director, retail corporate services, based at JLL’s Chicago headquarters. She brings more than 30 years’ experience to her role providing full-service real estate consulting to global brands and national retailers, including retail concept presentation, strategy development and implementation, site selection analytics and portfolio optimization. “Nicki is one of the … Essex Team Lists Rogers Park Courtyard Property Chicago & Midwest + North Side + Apartments | August 17, 2022 Essex Realty Group, Inc. has been selected to market for sale 7381 N Damen Ave., a vintage 32-unit multi-family courtyard property in Chicago’s Rogers Park neighborhood. The property is offered at $5,250,000 by the Essex team of Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd and Rick Ofman. The property provides investors with an opportunity to … Latest Florida & Gulf Coast Stories The Estate Companies Gets the Go Ahead for Second Multifamily on Biscayne Florida & Gulf Coast + South Florida + Apartments | August 18, 2022 The Estate Companies has obtained site plan approval for Soleste on the Bay, a 759,439-square-foot, 28-story waterfront rental community with 363 units, 17,000 square feet of commercial space Biscayne Boulevard in North Miami Beach, FL. Groundbreaking is slated for Q4 2022. Soleste on the Bay is The Estate Companies’ second investment in North Miami Beach. … Shoreham Capital Acquires Cape Coral Site for $120M Residential Project Florida & Gulf Coast + Central Florida + Apartments | August 18, 2022 West Palm Beach-based Shoreham Capital, in partnership with Bridge Investment Group and Wynkoop Financial, has acquired a 26-acre site in Cape Coral, FL for a $120-million Class A residential community. The transaction marks the first deal for the partners in their newly formed entity Shoreham Capital, which will focus on owning, operating, and developing real … 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 BREAKING NEWS: Avison Young Acquires Office and Industrial Service Lines from Madison Marquette National + Office | August 18, 2022 Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young brand and the deal is expected to close in September. The acquisition includes more than 20 million square feet and 235 team … Cuningham’s Jeffrey Schoeneck on Why Modular Construction is Gaining Traction in Multifamily National + Apartments | August 17, 2022 It’s no big secret that there’s a housing shortage in the U.S. and that demand is exceeding developers’ ability to accommodate all of it. One way to accelerate the process is through modular construction. Here, Jeffrey Schoeneck, executive director—Live at Cuningham, walks us through the design and development process for multifamily projects using this method. … Latest New York & Tri-State Stories Avison Young Tapped to Handle Leasing at Financial District Tower New York & Tri-State + Downtown New York + Office | August 17, 2022 Avison Young has been named exclusive leasing agent for Ivanhoé Cambridge’s 85 Broad St., a 1.1 million-square-foot, 30-story, class-A office building in Lower Manhattan’s Financial District. A New York-based Avison Young team led by Keith Caggiano, with Todd Korren, Patrick Steffens and Rachel Rosenfeld, as well as Harry Klaff, global president of clients, will represent … Margo Chase Design Inks Lease at Savanna’s 360 Lexington Ave. New York & Tri-State + Midtown New York + Office | August 17, 2022 Savanna has secured a new five-year, 4,147-square-foot lease for Margo Chase Design, Inc. at 360 Lexington Ave., its 268,383-square-foot, 24-story office tower in East Midtown. The new space will serve as the New York City office and studio for Margo Chase Design, a global design firm founded by the late Margo Chase. A JLL team … Latest Phoenix & Southwest Stories 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 … Mile-Long Logistics Center Going Up in Phoenix Phoenix & Southwest + Phoenix + Industrial | August 18, 2022 The trio of Merit Partners, First Industrial Realty Trust and Diamond Realty Investments hired Stevens-Leinweber to build a 1.75 million square foot industrial park. Phase I of C/303 has started construction and will take up over a mile of Loop 303 frontage. Phase I spans nearly 11.3 acres and includes three buildings totaling 375,000 square … Latest Seattle & Northwest Stories IPA Brokers $69M Sale of Belltown Apartment Complex Seattle & Northwest + Seattle + Apartments | August 17, 2022 Institutional Property Advisors (IPA), a division of Marcus & Millichap has negotiated the $69 million sale of 2900 on First, a 135-unit, mixed-use apartment community in the Belltown neighborhood of Seattle. IPA’s Philip Assouad, Giovanni Napoli, Ryan Harmon and Nicholas Ruggiero represented the seller, AIMCO. The buyer was Bay Area-based Pacific Urban Residential. “2900 on … Cushman & Wakefield Hires Multifamily Specialist Team in Seattle Seattle & Northwest + Seattle + Apartments | August 17, 2022 Cushman & Wakefield has welcomed a six-member multifamily brokerage team to their Seattle office. The team led by managing directors Tim McKay, Sam Wayne and Dan Chhan, has closed over 225 sales totaling nearly 10,000 units with a transactional value exceeding $1.5 billion. “We are thrilled to have this dynamic team join Cushman & Wakefield. … Latest Texas Stories Connect Texas Multifamily 2022 Panel Touts Build-For-Rent Trend Texas + State of Texas + Apartments | August 18, 2022 Industry leaders who participated in the recent Connect Texas Multifamily 2022 Built-For-Rent (BFR) panel discussion were extremely bullish on the prospects of the relatively new housing phenomenon, both in terms of ease of filling up the units and financing the projects. Panelists included Tony Ruggieri of Record Street Residential, Richard Whatcott of Camden Living and … Generational Commercial Properties Secures Austin Office Construction Loan Texas + Austin + Office | August 18, 2022 Generational Commercial Properties and Fairway Real Estate are joining forces to build a six-story office building at 218 South Lamar Boulevard in Austin. Newmark arranged the $124 million construction loan for the proposed 192,000 square foot office building, plus 15,000 square feet of retail space. The project, to be called Ziker Point, will be built … Latest Washington DC Stories NASA DC Headquarters Refinanced with $275M Led by Mesirow Washington DC + DC + Finance | August 18, 2022 Mesirow has led the $275-million financing of NASA’s Washington, DC headquarters. The property is owned by Hana Alternative Asset Management and managed by Ocean West Capital Partners. Proceeds from the financing provided the partnership with attractive fixed rate pricing on debt to be repaid on an interest only basis until the loan’s 2028 maturity date … Savills Adds David Fitzgerald for NoVa Tenant Advisory Service Expansion Washington DC + DC Metro + Office | August 18, 2022 Savills has hired David Fitzgerald as managing director. He will represent tenants in transaction management, lease negotiation, project management, portfolio optimization and budget forecasting from the company’s office in McLean, VA. In addition to tenant lease and transaction management, Fitzgerald will work closely with the firm’s key business functions such as portfolio strategy, workplace and …
