Array Commercial Property Pricing Slips in October Amid Deal Slowdown National + Finance | November 17, 2022 Madison Marquette: Holidays Will See “Radically Different” Consumer Behavior, Retail Strategies National + Retail | November 17, 2022 Real Estate Roundtable’s Economic Sentiment Index Drops Five Points from Q3 National + Finance | November 22, 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 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. 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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 Goldman Sachs, Lincoln Harris Buy 445K-SF Life-Science Campus in Durham Atlanta & Southeast + Carolinas + Office | November 22, 2022 Goldman Sachs Asset Management and Raleigh, NC-based Lincoln Harris are acquiring a five-building life-science campus in Durham, NC. The property, now known as TBC and previously owned in part by Lincoln Harris, is adjacent to the Research Triangle Park and includes the buildings located at 4016, 4020, 4021, 4022 and 4025 Stirrup Creek Drive. The … Hodges Ward Elliott Arranges Sale of Holiday Inn & Suites in Stockbridge Atlanta & Southeast + Atlanta Metro + Hospitality | November 22, 2022 Hodges Ward Elliott has arranged the sale of the Holiday Inn Hotel & Suites Stockbridge Atlanta I-75, a 112-key, five-story hospitality asset located in Stockbridge, GA. B.J. Patel, Clint Hodges and Michael Brandes of Hodges Ward Elliott brokered the sale of the property on behalf of the seller. “Atlanta remains one of the top markets … Latest Boston & New England Stories Jones Street Investment Partners Secures $114M to Build Multifams in Brunswick, Kittery Boston & New England + New England + Finance | November 22, 2022 Boston, MA-based Jones Street Investment Partners has secured $114 million in construction financing to develop a multifamily community in Brunswick, ME and another in Kittery, ME. Colliers arranged the construction loan on the Brunswick project and the preferred equity investment on the Kittery project. “Each of these projects aligns with our emphasis on long-term, cash … The RAM Companies Adds to New England Portfolio with $15M Warehouse in North Billerica Boston & New England + Metro Boston + Industrial | November 22, 2022 Scarborough, ME-based The RAM Companies purchased has a steel-framed, 92,000-square-foot warehouse in the Boston submarket of North Billerica, MA for $14.5 million. The seller, Iron Mountain, will lease the facility back from RAM for six years Mark Campbell of RAM represented the company. Michael Restivo and Lenny Pierce of JLL represented Iron Mountain. The property, … Connect TeamSarah QuinnVice PresidentJosh OrensteinVice President, News & MediaHoward BreitroseVice President, Connect Creative & CommunicationsView 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 California Claims 70% of the Priciest Zips in USA California + Bay Area + Apartments | November 23, 2022 In case you needed more proof that California is the most expensive place to buy a home in the United States, a new PropertyShark report of the top 127 most expensive zip codes indicates that the Golden State contains 90 of them. The San Francisco Bay Area town of Atherton remains the most expensive zip … CBRE Secures $117M Construction Loan for West LA Office California + Los Angeles + Office | November 23, 2022 The Bradmore Group, a private equity real estate firm, has obtained $117 million in construction financing for a state-of-the-art creative office project in West Los Angeles, CA. The low-rise campus in Silicon Beach, branded “42xx”, will be 151,000 square feet in size and is one of the first LA ground-up office buildings to move forward … Latest Chicago & Midwest Stories CBRE Arranges Six Leases at Spec Offices in West Loop Chicago & Midwest + Downtown + Office | November 22, 2022 CBRE has arranged six leases totaling 54,183 square feet at 609 W. Randolph St, a speculative office building that delivered in March of 2022 in Chicago’s West Loop. The deals put the building at 63% occupancy, with five floors remaining for lease. The latest lease totaled 21,339 square feet with an undisclosed, national technology company. … McKissack & McKissack Elevates Girard Jenkins to Operations VP Chicago & Midwest + Downtown + Finance | November 22, 2022 McKissack & McKissack, one of the nation’s leading Black- and woman-owned architecture, engineering and construction companies, has promoted Girard Jenkins to VP of operations for the Midwest and West. The Chicago-based project executive, who has more than 35 years’ experience leading public and private program and construction management and construction, engineering and inspection projects, will … Latest Florida & Gulf Coast Stories NNN Leased Walgreens in South Beach Trades for $35M Florida & Gulf Coast + South Florida + Net Lease | November 22, 2022 A triple-net leased Walgreens at 509 Collins Avenue in Miami Beach, FL has sold for $35.3 million, reflecting a 4.59% cap rate. Jason Maier of Northmarq (previously of Stan Johnson Company) represented the buyer, a private investor. The seller was a private individual. “We are pleased to have been able to acquire this trophy Miami … Crescent Sky Capital Drops $16M on Student Housing Community in Tallahassee Florida & Gulf Coast + North Florida + Senior Housing | November 22, 2022 Crescent Sky Capital has completed its $16-million acquisition of Vertex, a 138-unit and 310-bed value-add student housing community less than half a mile away from Florida State University in Tallahassee, FL. Travis Prince, Victoria Marks and Shawn Lubic of Cushman & Wakefield arranged the sale on behalf of the seller, Atlanta, GA-based Tioga Capital. “This … Latest Global Stories Lee & Associates Expands Canadian Presence with Opening of Calgary Office National + Global + Industrial | November 16, 2022 Lee & Associates has opened an office in Calgary, Alberta, its third in Canada. The office will specialize in industrial, with plans to strategically recruit teams that will grow their capabilities in retail and office. The Lee & Associates Calgary team will be led by Jon C. Mook, SIOR, and will include Emily Goodman as a VP and principal. In addition to their transactional agents, … Flexible Office Gains Stature in Workplace Strategy National + Global + Office | September 16, 2022 A global survey by Cushman & Wakefield and WeWork found growing demand for flexible office space. The data and perspectives provided by the survey suggest that flexible office options can be a valuable component of a diverse office workplace ecosystem, providing employees the workplace flexibility they now demand. Among the 800 WeWork users surveyed, 40% … Latest Lenders Stories Latest National Stories Real Estate Roundtable’s Economic Sentiment Index Drops Five Points from Q3 National + Finance | November 22, 2022 The Real Estate Roundtable’s Q4 Economic Sentiment Index dropped to an overall score of 39, five points lower than the previous quarter. Commercial real estate executives surveyed by the Roundtable cited a reduction in available equity and debt capital, changes in post-pandemic office use, general business cost cutting and employee layoffs among the contributing factors causing … Madison Marquette: Holidays Will See “Radically Different” Consumer Behavior, Retail Strategies National + Retail | November 17, 2022 Madison Marquette’s 2022 Holiday Trends: What’s In, What’s Out report reveals a radically different year of post-pandemic consumer behaviors and retailer strategies. As COVID-19 concerns ebb, consumer spending is being swayed by uncertainties and anxiety about inflation, recession, and geopolitical tension “The 2022 shopping landscape is a portrait of the uncertain economic climate rather than COVID-19 … Latest New York & Tri-State Stories JLL Markets Auction of Family-Owned Portfolio in West Village, SoHo New York & Tri-State + Downtown New York + Apartments | November 22, 2022 JLL Capital Markets is marketing the public auction of the RB Portfolio, a collection of six walk-up, mixed-use properties in Manhattan’s West Village and SoHo neighborhoods. The auction is scheduled for Dec. 6 and 7 at New York County Courthouse. The portfolio offers 146 apartments, 82% of which are free market, and six commercial spaces. … Olayan Group Opens Midtown’s First Public Garden in Decades at 550 Madison Ave. New York & Tri-State + Midtown New York + Office | November 22, 2022 The Olayan Group recently held a ceremony with elected officials and city leaders to open a new, half-acre public garden at 550 Madison Ave. between 55th and 56th streets in Midtown Manhattan. The opening of the garden, the first new green space in Midtown in decades, comes as Olayan completes the repositioning of the landmarked 550 … Latest Phoenix & Southwest Stories Caliber to Develop 100 Acre Site Near Scottsdale Phoenix & Southwest + Phoenix + Hospitality | November 18, 2022 Caliber, an Opportunity Zone investor, purchased the lease rights for 100 acres of land to begin developing The Riverwalk Development project, located in the Salt River Pima Maricopa Indian Community, just south of Scottsdale. Current plans include splitting the almost 100 acres into seven parcels where mixed-use entertainment, retail, restaurants, hotels, event venues and immersive … Mattel-Branded Theme Park Coming to Phoenix Area Phoenix & Southwest + Phoenix + Hospitality | November 18, 2022 Whether it be a pleasant excursion on the rails with Thomas, the Tank Engine or a wild ride on a Hot Wheel Racer, next year thousands of kids will be making their way to the new Mattel Adventure Park in Peoria, next to State Farm Stadium. The park will highlight the full spectrum of the … Latest Seattle & Northwest Stories Greystar Announces New Housing Project in Slabtown Seattle & Northwest + Portland + Apartments | November 23, 2022 Rental housing development, investment and management firm Greystar has unveiled a new multifamily project in the Slabtown neighborhood of Portland, OR. Working closely with Portland’s Design Commission and the neighborhood, Greystar ensured the 364-unit buildings will meet the needs of the city and its residents. The development, designed by SERA architects, includes a five-story, 151-unit … Environmental Law Firm JZP to Join HCMP in Seattle Seattle & Northwest + Seattle + Office | November 23, 2022 Hillis Clark Martin & Peterson P.S. (HCMP) has announced that the attorneys and staff of the environmental law firm Joyce Ziker Partners (JZP) will join the firm effective January 1. The combined firm of over 50 attorneys, operating under HCMP’s name, will expand its collective capabilities in the environmental, real estate and corporate practice areas. … Latest Texas Stories JLL Arranges Refi Loan for Austin Office Complex Texas + Austin + Office | November 18, 2022 JLL Capital Markets has arranged a $39.7 million refinancing for Bridgepoint Plaza I and II, a two-building office complex totaling 178,061 square feet in Austin. JLL worked on behalf of the sponsor, Spire Real Estate Partners, to secure the two-year loan through Argentic. The JLL Capital Markets Debt Advisory team was led by Senior Managing Director … Woodlands Township Plans for Two Hotels, Retail Spaces Texas + Houston-Galveston + Hospitality | November 18, 2022 The Woodlands Township board of directors has approved two items that could allow for a potential multimillion-dollar economic development project at The Woodlands Mall, including 80,000 square feet of new retail space, two hotels and a parking garage, all within an Economic Development Zone (EDZ). The proposal includes an open-air, mixed-use commercial center, a full-service … Latest Washington DC Stories Capital Square Delivers 200% Total Return on $76M Sale of Marietta Multifamily Washington DC + DC Metro + Apartments | November 22, 2022 Glen Allen, VA-based Capital Square has sold Ivy Commons Apartments, a 344-unit community in Marietta, GA, for $75.5 million. The property was owned by a group of Delaware statutory trust, investors who realized approximately 200% total return and 20% internal rate of return from their 1031 exchange investment. “Approximately $2.7 million was invested for renovations … Northmarq Facilitates $9M Sale of Fully Leased Class A Office in Virginia Beach Washington DC + DC Metro + Office | November 22, 2022 Northmarq has brokered the $8.7-million sale of a Class A office building located at 1741 Corporate Landing Parkway in Virginia Beach, VA. The 45,061-square-foot office is fully leased to Groundworks, a foundation and water management solutions company. Asher Wenig of Northmarq represented the buyer, a family office based in NJ. The seller was a private …
