Array Economic Headwinds, Geopolitical Uncertainty Weigh on CRE Execs’ Optimism National + Finance | May 16, 2022 Connect Adds Content Leader Sule Aygoren to CREative Team National + Finance | May 16, 2022 Oak Real Estate Launches $500M Fund for Institutional Sector National + Finance | May 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 $83M Bags Grocery-Anchored Retail Center near Fort Bragg in Fayetteville Atlanta & Southeast + Carolinas + Retail | May 17, 2022 Institutional Property Advisors, a division of Marcus & Millichap, has completed the sale of Freedom Town Center in Fayetteville, NC. The 350,800-square-foot grocery-anchored shopping center sold for $83 million, which represents $236 per square foot. Steven Siegel of IPA arranged the sale on behalf the seller, Triple Net Group, and the buyer, an investment group … Avalon Development in Alpharetta Attracts 37K SF in New Leases Atlanta & Southeast + Atlanta Metro + Office | May 17, 2022 CBRE has signed five new office leases totaling 36,928 square feet at Avalon, an 86-acre mixed-use development in the Atlanta submarket of Alpharetta, GA. Peter McGuone, Bryan Heller and Parker Welton of CBRE represented the property’s ownership, PGIM Real Estate. Avalon’s new office tenants have taken space within buildings 5000 & 6000, which combined offer … Latest Boston & New England Stories MassHousing Offers Providence Realty $205M to Preserve Affordability at 10 Communities Boston & New England + Boston + Apartments | May 17, 2022 Boston-based MassHousing has closed on a $205-million package of affordable housing financing to Providence Realty Investment, LLC, for the refinancing and preservation of affordability at 10 MA communities. The financing package extends affordability protections on 931 total apartment homes for lower-income senior citizens and families. The 10 housing communities were refinanced through MassHousing’s Multifamily Accelerated … EOS Adds Wequassett Resort in Cape Cod to 17-Property New England Portfolio Boston & New England + New England + Hospitality | May 17, 2022 EOS Investors, LLC, has acquired the 1925-constructed Wequassett Resort and Golf Club in Cape Cod’s Harwich, MA. The acquisition of Wequassett Resort further expands EOS’s presence in Cape Cod, following the company’s acquisition of Red Jacket Resorts in 2021. EOS’s New England drive-to resort portfolio now consists of 17 properties with over 1,000 keys and … Connect TeamDennis KaiserVice President, Public Relations & CommunicationsMichael ThwaiteChief Technology OfficerDaniel 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 Stockdale Sells Two Medical Buildings in West LA for $156M California + Los Angeles + Healthcare | May 17, 2022 Stockdale Capital Partners has announced the sale of a pair of medical office properties in Southern California: a three-story building at 9090 Wilshire Blvd. in Beverly Hills, CA and a three-story facility at 2025 Santa Monica Boulevard in Santa Monica, CA. The total square-footage in the $156 million transaction is 107,000 square feet. “The sale … Trio of Net-Leased Retail Properties Trade in San Diego for $90M California + San Diego + Retail | May 17, 2022 JLL Capital Markets has announced the $90M sale of a collection of three core, single-tenant net-leased assets totaling 194,000 square feet in the Kearny Mesa submarket of San Diego. JLL represented the seller, Clarion Partners, LLC and HP Investors while the buyer was a private investor. The properties are located along Clairemont Mesa Boulevard and … Latest Chicago & Midwest Stories Chicago Suburban Office Owners Seeing “Unprecedented Uncertainty” Chicago & Midwest + Greater Chicagoland + Office | May 17, 2022 Occupiers looking for space in the suburban Chicago office market do so at a time of “unprecedented uncertainty for landlords,” says Cresa. Total vacancy is now at a record high of 25.6%, with 24.9 million square feet of vacant space across the suburbs. Hardest hit in terms of square footage are Class B buildings, … CIM Brings HOKA Pop-Up Shop to Mag Mile Chicago & Midwest + Downtown + Retail | May 17, 2022 CIM Group has brought HOKA’s first Chicago pop-up store to new ground-floor retail space at 444 N. Michigan Ave. HOKA, a global leader in performance athletic footwear and apparel, is continuing its direct-to-consumer expansion via an approximately 2,100-square-foot shop on Chicago’s Magnificent Mile. HOKA, a Deckers brand, opened its first pop-up stores in fall 2021 in … Latest Florida & Gulf Coast Stories $93M Financing to Bring 861-Bed Student Housing Project to Gainesville Florida & Gulf Coast + North Florida + Senior Housing | May 17, 2022 Square Mile Capital Management, LLC, has closed a $93-million construction loan for Theory Gainesville, an 861-bed student housing building near the University of Florida in Gainesville, FL. Square Mile Capital served as the mezzanine lender, with Pacific Western Bank as the senior mortgage lender. The loan was made to Blue Vista Capital Management. “We remain … MHCommercial Real Estate Fund II Buys Boca Raton Office Complex for $46M Florida & Gulf Coast + South Florida + Office | May 17, 2022 MHCommercial Real Estate Fund II has closed on the purchase of Yamato Office Center in Boca Raton for $45.9 million ($267 per square foot) in a joint venture partnership with an institutional real estate fund. The 171,724-square-foot office complex comprising two Class-A office buildings on Yamato Road was approximately 71% leased at the time of … Latest Global Stories Global CRE Investment Volume Jumps 34% in Q1 2022 National + Global + Weekender | May 12, 2022 Despite the worldwide geopolitical and economic uncertainty, global commercial real estate investment seemed undaunted, growing by 34% year over year in Q1 2022 to US$282 billion. According to a CBRE report, investment increased by 47% in the Americas, 25% in Europe, the Middle East and Africa (EMEA) and 5% in the Asia-Pacific region. Multifamily investments … Equinix in $735M Latin America Deals, Buys Four Data Centers in Chile Global | May 3, 2022 Equinix Inc, a global digital infrastructure company, has extended its “Platform Equinix” deeper into Latin America following the completion of the acquisition of four data centers in Chile from Empresa Nacional De Telecomunicaciones S.A., Entel, a leading Chilean telecommunications provider. Equinix also announced it has signed an agreement to acquire one additional data center in … Latest National Stories Oak Real Estate Launches $500M Fund for Institutional Sector National + Finance | May 17, 2022 White Oak Capital Holdings, dba as Oak Real Estate Partners, a national fund manager focused on the institutional investment sector, has launched Oak Institutional Credit Solutions, LLC, a $500-million private real estate financing investment fund. The newly formed investment vehicle is the company’s first specifically for the foundation and endowment investor class, although its affiliate … Economic Headwinds, Geopolitical Uncertainty Weigh on CRE Execs’ Optimism National + Finance | May 16, 2022 Commercial real estate executives remain optimistic about overall market conditions in spite of growing economic headwinds and geopolitical uncertainty, according to The Real Estate Roundtable’s Q2 2022 Economic Sentiment Index. The index registered an overall score of 51, a decline of 15 points from the previous quarter yet still in positive territory. “The decline in … Latest New York & Tri-State Stories NYC Faces “Extreme Vacancy Shortage” in Low-Cost Rentals New York & Tri-State + Downtown New York + Apartments | May 17, 2022 New York City faces an “extreme vacancy shortage” among the city’s lowest-cost rental units, where vacancy is currently less than 1%. That’s among the preliminary findings of the latest New York City Housing and Vacancy Survey, conducted every three years by the New York City Department of Housing Preservation and Development (HPD). HPD’s survey, conducted … NoMo SoHo Launches Nation’s First NFT with Hotel Experience New York & Tri-State + Downtown New York + Hospitality | May 17, 2022 NoMo SoHo and its ownership, global real estate and investment firm Sapir Corp Ltd., launched a curated NFT, making the hotel the first in the U.S. to offer guests an innovative new way to book stays using blockchain technology. Sapir partnered with SolidBlock, a leading tokenization platform for real estate, to debut this NFT offer available … Latest Phoenix & Southwest Stories High Traffic Retail Center Sells in Casa Grande Phoenix & Southwest + Arizona + Retail | May 17, 2022 112,000 square foot retail property Tri-Valley Plaza was sold to an undisclosed buyer for $13.4 million. The center, in Casa Grande, is made up of two buildings. The larger of the two was vacated by Walmart but the owner was able to fill the space with a number of mid-sized tenants such as Planet Fitness, … Boring Company’s Vegas Strip Loop Nearing Final Approval Phoenix & Southwest + Southwest + Retail | May 17, 2022 Casino operators have said above-road surface congestion is stymying growth opportunities at the ever popular venue. The newly drilled tunnels will drastically reduce drive times around the heavily congested Las Vegas Strip, and for the users fares will be somewhere between an Uber ride and a bus ticket. The underground loop being built by Elon … Latest Seattle & Northwest Stories Legacy Partners Promotes Nicholson to Senior Managing Director Seattle & Northwest + Seattle + Apartments | May 17, 2022 The Pacific Northwest Region of real estate firm Legacy Partners has a new Senior Managing Director, as the company has tabbed Parker Nicholson for the role. Previously, he was Legacy Partners’ Vice President for Development and Acquisitions. A Seattle native and graduate of the Leavy School of Business at Santa Clara University, Nicholson has been … CPP Closes on Affordable Housing Project in Portland Seattle & Northwest + Portland + Apartments | May 17, 2022 Community Preservation Partners (CPP) has announced the closing of Fremont Manor, a 28-unit, affordable housing community in Portland, OR. The complex features 1-, 2- and 3-bedroom floorplans, up to 990 square feet for residents at 60% area median income. The project is CPP’s second in Portland, and the developer plans to renovate the apartments with … Latest Texas Stories Houston Breaks Industrial Market Records Texas + Houston-Galveston + Industrial | May 17, 2022 For the first quarter of 2022, a recent NAI Partners report showed that Houston saw the highest amount of leasing activity and net absorption in any quarter, ever. The Houston industrial market recorded 16.7 million square feet of leasing activity, while net absorption is at 10.4 million square feet. That’s up 236% year-over-year from the … Classic Garden Apartments Change Hands in Irving Texas + Dallas-Fort Worth + Apartments | May 17, 2022 Metker Place, built in 1962, was sold by a seller who owned the 88-units for the last 14 years. Built on 4.5 acres in Irving, the community was ripe for a heady buyer. Greg Miller from The Multifamily Group has more, “All units are in classic condition with rents well below market averages.” Miller procured … Latest Washington DC Stories TCC to Develop 757K-SF Lab Complex at Johns Hopkins, Belward Campus Washington DC + DC Metro + Office | May 17, 2022 Trammell Crow Company has unveiled plans to develop The Labs at Belward, a life science complex located at the Belward Campus of The Johns Hopkins University. The project is part of Montgomery County, MD’s “2010 Great Seneca Science Corridor Master Plan” to create a live/work community that supports the life science industry. The Labs at … Adams-Aumiller Sweetens Portfolio with $6M Buy of Sugarloaf Business Center Washington DC + DC Metro + Industrial | May 17, 2022 Edge has brokered the $6.2-million sale of the Sugarloaf Business Center, a two-building asset containing nearly 62,000 square feet of flex/industrial space in Ijamsville, MD. The buildings are 97% leased and occupied. Joe Friedma and Joshua Norwitz of Edge represented the seller, RDV Investments, LLC, and procured the buyer, Adams-Aumiller Properties. The buildings on Doctor …
