Array Leading in Tough Times: The Lessons That Were Imparted Leadership | September 12, 2023 Fitch Sees Further Slowing in Hotel Revenue Growth National + Hospitality | September 22, 2023 CRE Debt Increases by $38B in Q2, Says MBA National + Finance | September 25, 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 Embrey to Build 4th Charlotte Rental Community Atlanta & Southeast + Carolinas + Apartments | September 25, 2023 Embrey paid $19 million for 6.5 acres next door to NoDa Brewing Co. That’s where the company plans to build a 403-unit, four-story community. The Charlotte Business Journal reports Embrey expects to invest $117 million into the project which is set to break ground in mid-October. Its first units are expected to deliver in the … Trammell Crow Adding to Georgia Tech Science Square Atlanta & Southeast + Atlanta + Apartments | September 25, 2023 Trammell Crow’s High Street Residential (HSR) is progressing on 280 apartments at Science Square in Atlanta. The company is wrapping up construction on a 13-story lab adjacent to the apartment site, which is on the Georgia Tech campus. The Grace topped out construction in August, and preleasing for the apartments will begin in early 2024, … Latest Boston & New England Stories Lambert’s Market Properties in Dorchester, Westwood Sold for $23M Boston & New England + Boston + Retail | September 25, 2023 The Lambert family, owners of Lambert’s Rainbow Market stores in Dorchester and Westwood, has sold the properties to entities associated with a Cadillac dealership in Norwood for a total of $22.8 million, first reported by Boston Business Journal. The sales come following a legal dispute among Lambert family members related to a trust that owned the … Framingham Apartment Complex Sold for $6M Boston & New England + Massachusetts + Apartments | September 25, 2023 Grant Street Complex in Framingham, Massachusetts, was sold for $6.4 million, the names of the buyer and seller were not disclosed. Located at 115 Grant St., the three-story multifamily property features 26 units, including various one, two, and three-bedroom configurations, with renovations and four new townhouses already completed. It offers 25 off-street parking spaces and … Connect TeamJosh OrensteinVice President, News & MediaDennis KaiserVice President, Public Relations & CommunicationsDaniel 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 Pinstripes Debuts in Two-Level Space at Westfield Topanga California + Los Angeles + Retail | September 25, 2023 Bowling alley and event venue Pinstripes has opened its second location in California with a two-story space in Canoga Park. First announced in June 2021, Pinstripes’ 14th location opened Saturday at the San Fernando Valley’s Westfield Topanga shopping center and spans more than 30,000 square feet, Los Angeles Business First reported. The bowling alley is … Boot Barn Upsizes Headquarters Space in Move to Spectrum Terrace California + Orange County + Office | September 25, 2023 Boot Barn Holdings Inc. will relocate its headquarters to the Irvine Co.’s Spectrum Terrace office campus, the Orange County Business Journal reported. The apparel company will take over a full building in 2024 at the campus previously leased by Alteryx Inc. and Kajabi LLC in separate sublease transactions. The new deal totals roughly 116,000 square … Latest Chicago & Midwest Stories National Law Firm Moves Chicago Office to Civic Opera Building Chicago & Midwest + Downtown + Office | September 25, 2023 Constangy, Brooks, Smith & Prophete, a national employment law firm, is moving its Chicago Office to the Civic Opera Building, reported the Chicago Business Journal. The move to the 45-story office tower will increase the firm’s footprint by more than 2,000 more square feet than it currently occupies at 300 S. Wacker Drive. Bradford … Marcus & Millichap Arranges Sale of Popeyes Property Chicago & Midwest + Midwest + Retail | September 25, 2023 Marcus & Millichap closed the sale of a triple-net lease Popeyes, a 2,882-square-foot net-leased property located in Raytown, Missouri. The asset went under contract within 29 days of being marketed, followed by a quick closing in 54 days, and achieved an impressive 99.38 percent list-to-close ratio. First Vice President Adrian Mendoza and Senior Managing Directors … Latest Florida & Gulf Coast Stories Kushner Proposing 41-Story Fort Lauderdale Rental Units Florida & Gulf Coast + South Florida + Apartments | September 25, 2023 The city’s Development Review Committee will consider the application for a pair of 41-story apartment towers in the Flagler Village neighborhood in Fort Lauderdale. The Kushner Cos. owns a 1.54-acre site at 400 to 446 N. Andrews Avenue on Sept. 26. The site already has the zoning in place for this plan, however, the developer … Ft. Lauderdale Developer to Build High-Rise Condos/ Hotel Florida & Gulf Coast + South Florida + Apartments | September 25, 2023 A hodgepodge grouping of Fort Lauderdale motels, shops and bars is expected to give way to 500 condos, 373 hotel rooms, 23,634 square feet of retail/restaurant space, 10,465 square feet of outdoor dining and 1,323 parking spaces. The South Florida Business Journal reports the condos, called Las Olas Ocean, would be divided between two towers … 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 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 … CCIM Institute Global President David Schnitzer, CCIM: “Deals Get Done Face-to-Face” National + Office | September 22, 2023 For the first time, the National Association of Realtors® and its affiliate The CCIM Institute are partnering on a live event: the C5 + CCIM Global Summit, scheduled for Sept. 28-30 in Atlanta. In advance of the 2023 edition of NAR’s annual event for commercial practitioners, Connect CRE spoke with David Schnitzer, CCIM, partner with … Latest New York & Tri-State Stories Adelaide Polsinelli to Market SoHo Retail Condo New York & Tri-State + Downtown New York + Retail | September 25, 2023 Adelaide Polsinelli of Compass is marketing a retail condominium at 304 Spring Street in SoHo. The bi-level retail space occupies the ground floor and lower level of a residential condominium, offering approximately 3,955 square feet of potential. With 105 feet of wrap-around frontage, high ceilings, and ample natural light, the space is versatile and … Upper East Side Resi Tower Exceeds $200M in Sales New York & Tri-State + Uptown/Bronx + Apartments | September 25, 2023 National real estate developer DDG and partner Global Holdings have announced that their project, 180 East 88th Street on Manhattan’s Upper East Side, has exceeded $200 million in sales. The condo project includes various two-, three-, and five-plus-bedroom homes, including a triplex penthouse featured on the TV show “Succession” that sold for nearly $25 … Latest Phoenix & Southwest Stories 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 … Famous Denver Burger Joint Site for 8-Story Office Project Phoenix & Southwest + Southwest + Office | September 25, 2023 The Cherry Cricket will stay. It’s been a going concern since 1945. Alpine Investments will just build around the famous Denver burger restaurant. Alpine paid $25 million for a little more than a half-acre site between the Cherry Cricket and the Clayton Hotel & Members Club. The developers want to replace the adjacent businesses, a … Latest Seattle & Northwest Stories Seattle-Area Buildings Prime for Office-to-Housing Conversion Seattle & Northwest + Seattle + Office | September 25, 2023 In a new working paper published recently by the National Bureau of Economic Research, researchers at New York University and Columbia University determined that 11% of office buildings in the U.S. are physically suitable for conversion to apartments. Converting offices into apartments is gaining popularity amid housing shortages in cities across the nation. Dozens of … Engineering Firm Atwell Expands with New Office in Tacoma Seattle & Northwest + Seattle + Office | September 25, 2023 Atwell, an engineering firm that provides planning, landscape architecture, and construction services, is continuing its expansion in the Pacific Northwest. The company opened a new office located at 1148 Broadway in Tacoma, Washington. Jim Cook, Associate Director at Atwell, is leading the Tacoma team, which includes project managers, designers, engineers, and permit technicians. With this … Latest Texas Stories Midland Site for Industrial Sale, Leaseback Texas + State of Texas + Industrial | September 25, 2023 A multi-building, 50,000 square foot industrial/flex property in Midland, TX traded hands in a $10 mil sale/leaseback deal. Built in phases from 2018 to 2022, the property sits on just over 14 acres. The property is fully occupied by the seller, Extract Production, a company that designs, develops, manufactures, and sells equipment for well applications. … New Development Group Gets OK for $80M Buda Industrial Project Texas + Austin + Industrial | September 25, 2023 Developer Arenaman secured approval from Buda City Council for its first vertical project. The $80 million, 500,000-square-foot development, called Buda Gateway, is planned to include five speculative industrial warehouse buildings across 49 acres near the corner of Robert S. Light Boulevard and Farm to Market Road 967 in the city south of Austin. The developer’s … Latest Washington DC Stories Peterson Companies Buys Rockville MF Community Washington DC + Maryland + Apartments | September 25, 2023 Peterson Companies, a DC-based real estate development firm, has acquired Huntington at King Farm: Phase II, a 402-unit multifamily community located in Rockville, Maryland. The price was not disclosed. Huntington at King Farm: Phase II is situated in the King Farm neighborhood and features 402 rental units, including 165 townhomes with private parking garages. Originally … 55K-SF Trade School Relocating to Baltimore Washington DC + Baltimore + Student Housing | September 25, 2023 North American Trade Schools (NATS) has chosen Northwest Plaza in Baltimore City for its new facility, where it will provide classroom education and hands-on training in various trade programs. The school has leased 55,000 square feet at the shopping center, marking the largest retail lease in Baltimore City in 2023. The move from Security … Latest Stories FromOSP Closes $600M Value Fund for “Unloved” C&I LoansAlternative Assets | September 25, 2023O’Brien-Staley Partners announced the final close of OSP Value Fund IV, securing over $600 million for “unloved” business loans, bringing the firm’s total raised to $2.3 billion. OSP began fundraising in the first quarter. As well as existing LPs, many of whom have steadily increased their commitments since the inception of OSP’s first value fund ...South Carolina Retirement Backs KPS Special Situations FundAlternative Assets | September 25, 2023The South Carolina Retirement System Investment Commission, which manages $40 billion in assets, is backing private equity firm KPS Capital Partners’ Special Situations Fund VI. The firm is targeting an $8 billion raise. KPS has also received $100 million from the Los Angeles City Employees’ Retirement System (LACERS) for the vehicle, as well as $25 ...SkyKnight Soars to $1B Close with Fourth FundAlternative Assets | September 25, 2023Buyout firm SkyKnight Capital held the final closing of its fourth fund, SkyKnight Capital Fund IV, with $1 billion in capital commitments from endowments, foundations, pensions, family offices and institutional investors. The latest fund from the San Francisco-based firm is significantly larger than the $600 million it raised for the hard cap close of Fund ...Real Estate Tech M&A “Quiet”: CapstoneAlternative Assets | September 25, 2023The real estate technology sector has seen strong demand as service providers have increasingly relied on sector participants’ technology offerings to drive new revenue opportunities, make data-driven decisions, boost operational efficiency, and enhance customer experience, according to Capstone Partners, a middle market investment banking firm, in its September 2023 Real Estate Technology Market Update. While ...
