Array Breakthrough Properties in Big Philly Center City Life Sciences Redevelopment National + Pennsylvania + Healthcare | May 19, 2022 Duke Realty’s Sheila Sutton on Supply Chain Challenges Facing Developers National + Pennsylvania + Industrial | May 18, 2022 Walker Webcast: U.S. Senator Michael Bennet Talks About Climate Change, Economics and Democracy National + Finance | May 19, 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 Newly Established Black-Owned CRE to Build Inaugural Project in South Fulton Atlanta & Southeast + Atlanta + Senior Housing | May 19, 2022 Atlanta, GA-based, minority-owned Bolster Real Estate Partners has announced as its inaugural project The Kourtney at Yates Road, a 122-unit stacked townhome rental 55+ community. Groundbreaking for the project is slated for early August. The $35-million mixed-use community in South Fulton is designed for empty nesters who want to lead an active and social lifestyle … CBRE Adds Quad to Debt and Structured Finance Team in Atlanta Atlanta & Southeast + Atlanta + Office | May 19, 2022 CBRE is expanding its Atlanta debt and structured finance team with the additions of Brian Linnihan and Mike Ryan as vice chairmen and Blake Cohen and Richard Henry as SVPs. All four come from Cushman & Wakefield’s debt and structured finance practice in Atlanta. Ryan was most recently a vice chairman while Linnihan was also … Latest Boston & New England Stories Vertex Announces Expansion in Boston’s Seaport on Heels of Facility Dedication Boston & New England + Boston + Office | May 19, 2022 Vertex Pharmaceuticals Incorporated has announced plans to build a 344,000-square-foot facility in Boston’s Seaport. When completed in 2025, Vertex will occupy 1.9 million square feet of real estate in the Seaport across five sites, making it the largest biotech in Boston in terms of square footage. The new site, located on Drydock Avenue, will be … The Boulos Company Promotes Micki Francombe to VP of Administrative Operations Boston & New England + New England + Office | May 19, 2022 Portland, ME-based The Boulos Company has promoted Micki Francombe to VP of administrative operations. Francombe’s expanded purview will include serving as the company’s leader in training and onboarding new employees and independent contractors. She will also take the reins on production of the company’s Boulos Beat podcast series. Among other additional responsibilities, she will spearhead … Connect TeamEmily LettieriVice PresidentPaul BubnySenior Content DirectorJennifer LloydCreative 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 Four Corners Gears Up to Develop Bay Area Life Sciences Campus California + Bay Area + Healthcare | May 19, 2022 CBRE arranged $75 million in financing for the acquisition and redevelopment of Shoreway Innovation Center along the 101 Corridor in Belmont. The borrower, Bay Area investment and operating company Four Corners Properties, will redevelop the seven-acre property into a new life sciences campus. Mike Walker and Brad Zampa with CBRE Capital Markets’ Debt & Structured … Baldwin Park LA Fitness Changes Owners in 1031 Exchange California + Los Angeles + Net Lease | May 19, 2022 The LA Fitness at 13822 Garvey Ave. in Baldwin Park has sold in a 1031 exchange for $18.08 million. Kidder Mathews’ Tanel Harunzade, Darrell R. Levonian, and Brittney McCarthy represented the seller, a private family investor. The buyer was represented by Janet Neman and Angelica Gotzev, also with Kidder Mathews. The approximately 45,000-square-foot facility is … Latest Chicago & Midwest Stories Newport Capital Partners Eyeing Neighborhood Retail Plaza Deals in Carolinas, Texas and Florida Chicago & Midwest + Downtown + Retail | May 18, 2022 Chicago-based Newport Capital Partners, longtime niche specialists in neighborhood retail plazas, having just bought Elston Logan Plaza in Chicago’s trendy Bucktown neighborhood for $29.25 million, is eyeing expansion outside its usual Midwest stomping ground, Newport principal Ben Andrews told Connect CRE in an interview this week. “We have raised $150 million of a $300 million … CA Health & Science Trust Appoints 20-Year Veteran as CFO Chicago & Midwest + Downtown + Healthcare | May 18, 2022 Chicago-based private REIT CA Health & Science Trust, Inc. (CAHST) has appointed Jason Colton as CFO. Colton will be responsible for overseeing CAHST’s financial and accounting operations, including CAHST’s capital markets activity and communication of financial results. “With more than two decades of experience in commercial real estate and finance, including overseeing capital markets activities … Latest Florida & Gulf Coast Stories Barrington Brothers’ Fourth Miami Multifamily Pays Tribute to Tequesta Tribe Florida & Gulf Coast + South Florida + Apartments | May 19, 2022 Barrington Brothers has commenced construction of The Kavista, a $60-million multifamily development in the Village of El Portal, FL in Miami-Dade County. JLL arranged construction financing from Trez Capital. The Kavista will be an eight-story building on NE 83rd Street between Miami Shores and Little River. It will offer 282 one-, two-, and three-bedroom apartments … Franklin Street Selects Robert Allan as President of Insurance Division Florida & Gulf Coast + Central Florida + Office | May 19, 2022 Tampa, FL-based Franklin Street has welcomed Robert Allen as president of its insurance services division. Allen will focus on leveraging Franklin Street’s collaborative platform to provide integrated insurance solutions for commercial real estate owners, developers and managers. In his day-to-day responsibility, Allen will oversee a national team that provides commercial insurance service offerings including program … 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 Walker Webcast: U.S. Senator Michael Bennet Talks About Climate Change, Economics and Democracy National + Finance | May 19, 2022 In early 2019, a C-Span video of U.S. Senator Michael Bennet went viral. A normally soft-spoken individual, the Colorado representative was on his feet, excoriating U.S. Senator Ted Cruz. Bennet’s fiery speech lambasted the Republican Texas senator’s “crocodile tears” in attempting to pass a measure that would pay Coast Guard members during the 2018-2019 partial … Breakthrough Properties in Big Philly Center City Life Sciences Redevelopment National + Pennsylvania + Healthcare | May 19, 2022 Life sciences specialist Breakthrough Properties, a joint venture between developer Tishman Speyer and biotech financier Bellco Capital, has acquired and intends to redevelop the 2300 Market St. block in Philadelphia’s Center City district. The JV plans to redevelop the site to support over 200,000 square feet of “best-in-class” life science space. Breakthrough believes there will … Latest New York & Tri-State Stories CBRE Makes New Investment of $100M in Flex Workplace Leader Industrious New York & Tri-State + Downtown New York + Finance | May 18, 2022 CBRE Group has followed its previous investment in flexible workplace provider Industrious with $100 million of fresh capital. The new investment will enable New York City-based Industrious, predominantly focused on the U.S. today, to accelerate its international expansion and execute key strategic growth initiatives. Earlier this month, Industrious announced its first international acquisitions: The Great … Century 21 Plans Spring 2023 Relaunch at Downtown Flagship Store New York & Tri-State + Downtown New York + Retail | May 18, 2022 Century 21, which shuttered its flagship Lower Manhattan store at the height of the pandemic, said Wednesday it would relaunch in spring 2023. The off-price luxury fashion retailer has teamed with Legends to introduce a revitalized shopping experience both in-store and online. “Century 21 is, and always will be, a New York City brand,” said … Latest Phoenix & Southwest Stories Boulder Corridor Corporate Center Sells Phoenix & Southwest + Southwest + Office | May 19, 2022 Lotus Company purchased the Church Ranch Corporate Center for $25.4 million. At 124,500 square feet that works out to $204 a square foot. The four-story, multi-tenant building is nearly 90% leased to 14 tenants. Built in 2001, it was recently renovated. Situated on almost 7.5 acres the employees have views of the Flatiron Mountains. In … Phoenix-Area Town Ranks #1 in Office Construction Phoenix & Southwest + Phoenix + Office | May 18, 2022 Gilbert Arizona, once known as “The Hay Shipping Capital of the World” has developed into a world beater when it comes to office development. The latest US Census revealed that the town of 250,000, which is about fifteen miles southeast of Phoenix, had the most newly created office space, 1.5 million square feet. At the … Latest Seattle & Northwest Stories EverWest Snaps Up Luxury Mixed-Use Near Downtown Seattle Seattle & Northwest + Seattle + Apartments | May 19, 2022 A luxury mixed-use apartment building nearby downtown Seattle has sold in a transaction structured by Kidder Mathews. The 130-unit mixed-use apartment complex, MUIR Apartments, traded for $54.5 million to Denver-based EverWest Real Estate Investors. Dylan Simon, Winslow Lee and Jerrid Anderson of the Simon and Anderson Team, a multifamily investment sales team based in Kidder … Noffke Buys Three Land Tracts for $5.4M in Blaine’s Horizon Project Seattle & Northwest + Washington + Apartments | May 19, 2022 Harbor Custom Development has announced the closing of three undeveloped land tracts in its Horizon at Semiahmoo subdivision in Blaine, WA to Noffke Landholdings, Inc. for $5.4 million. The parcels total just over 15 acres, and the future multifamily homes will feature two-story triplexes and fourplexes with views of Birch Bay and the Cascade Mountains. … Latest Texas Stories Embrey Acquires Austin Multifamily Community Texas + Austin + Apartments | May 19, 2022 No stranger to Austin, the acquisition was the 25th property the company has either developed, owned or operated in the town. The Arboretum Oaks is a 252-unit complex built in 1984. Embrey partnered with Black Salmon Capital on the acquisition with debt being funded by an affiliate of Heitman LLC. Located less than 15 minutes … Gaia Unloads Houston Property Portfolio Texas + Houston-Galveston + Apartments | May 19, 2022 The Copperfield Portfolio was made up of five multifamily communities with a total of 1,376 apartment units in the Northwest Houston area. Gaia has sold over 50 Sunbelt garden-style properties encompassing almost 15,000 units that has generated over $1.5 billion in sales. Before selling the five, Gaia executed a capital improvement plan throughout the Houston … Latest Washington DC Stories Deal to Bring Future Data Center Development to Frederick County, MD Washington DC + DC Metro + Industrial | May 19, 2022 Quantum Loophole, Inc., has signed an agreement with Aligned Data Centers for the latter to acquire land, power and water at Quantum Loophole’s Frederick County, MD data center campus. The agreement follows Frederick County’s approval of an amendment to its Zoning Ordinance explicitly designating data centers as a permitted use in areas zoned light industrial … Realterm Welcomes Christy Gahr as Head of North American Fundraising Washington DC + DC Metro + Office | May 19, 2022 Annapolis, MD-based Realterm has hired Christy Gahr as director, capital markets for North America. In this new role, Gahr will lead capital raising across North America and support the firm’s product development and capital strategy initiatives. Gahr joins Realterm from Virtus Real Estate Capital, where she was a managing director and oversaw the firm’s capital …
