Inland Private Capital Blazes a Trail in Tax-Oriented CRE Investing Cover Story | March 6, 2024 Malls: Are They Coming Back? National + Weekender | March 28, 2024 Bank Economists See Soft Landing, Three Rate Cuts by Fed National + Finance | March 28, 2024 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 Apartment buildings for saleCheck out the latest properties available on apartmentbuildings.com212 East 29th StreetNew York, NYNew York & Tri-State + ApartmentsListing Status:AvailableListing Type:Call for offersPrice:$11,950,000No. of Units:15Average Occupancy:5.83Year Built:1920Lot Size:2469 AcresOpportunity Zone:NoPrice per unit:$796,666Learn More501 Hayes StreetSan Francisco, CACalifornia & West + Mixed-UseListing Status:AvailableListing Type:Highest & best offerPrice:$11,000,000No. of Units:18Year Built:1900Building Size:15690 Sq ftLot Size:4795 AcresAPN:0818-001Zoning Code:NCTOpportunity Zone:NoPrice per unit:$611,111Learn MoreCourtyard ApartmentsCarmichael, CACalifornia & West + ApartmentsListing Status:AvailableListing Type:Highest & best offerPrice:$23,200,000No. of Units:138Year Built:1961Lot Size:4.17 AcresOpportunity Zone:NoPrice per unit:$168,115Learn 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. 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 Sprawling Movie Studio Slated for S. Georgia Atlanta & Southeast + Georgia + Hospitality | March 29, 2024 Pigmental Studio is no startup. The studio has produced “Kong,” “Despicable Me,” and “The Klaus”. The company is planning a 117-acre media campus in coastal Georgia, just north of the Florida state line. Pigmental Studios says the project would include 18 sound stages and a mixed-use project. The complex would come to St. Marys, near … TruAmerica Picks Up $50M Asheville Asset Atlanta & Southeast + Carolinas + Apartments | March 29, 2024 TruAmerica Multifamily acquired Westmont Commons, a 252-unit multifamily community in Asheville, NC. The asset was purchased off-market for $49,875,000 in partnership with Spoke Real Estate Capital. The seller was undisclosed. TruAmerica Multifamily’s Bob Hart added, “We expect to deliver an upgraded community to the market to meet demand for workforce housing that will be achieved … Latest Boston & New England Stories Veterans Affordable Housing Community Opens in Boston Boston & New England + Boston + Apartments | March 28, 2024 Mayor Michelle Wu and Boston Housing Authority Administrator Kenzie Bok celebrated the opening of 34 East Springfield Street, a 100% affordable housing community for veterans in Boston’s South End. The project, developed by MPZ Development LLC, transformed a vacant four-unit Boston Housing Authority property into five affordable one-bedroom apartments for formerly homeless veterans. Funding … JV to Build 524K-SF Warehouse/Distribution Facility in Westfield Boston & New England + Metro Boston + Industrial | March 28, 2024 A joint-venture development team of Winstanley Enterprises, LLC, and NorthPoint Development is progressing with plans to build Falcon Landing, a 524,000-square-foot warehouse/distribution facility on a 126-acre parcel adjacent to the Westfield-Barnes Regional Airport in Westfield, MA. The facility, designed for 1 to 2 tenants, will feature 362 parking spaces for two employee shifts and 322 … Connect TeamPaul BubnySenior Content DirectorEmily LettieriVice PresidentJosh OrensteinVice President, News & MediaView 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 Brookfield Selling Defaulted DTLA Office Tower at Steep Discount California + Los Angeles + Office | March 28, 2024 South Korean investment manager Consus Asset Management has agreed to pay $145 million, or $145 per square foot, for the one-million-square-foot office tower at 777 S. Figueroa St. in Downtown Los Angeles, reported Bloomberg News. The company is buying the 52-story building at a deep discount from a Brookfield Properties affiliate that had assumed it through its 2013 … Fulfillment Business Turns Simi Valley Sublease into Direct Lease California + Los Angeles + Industrial | March 28, 2024 Lee & Associates – LA North/Ventura principals Scott Caswell and Erica Balin closed a full-building lease transaction on behalf of River Plate Corporation, an end-to-end warehousing and distribution center located in Simi Valley. Caswell and Balin represented the tenant in the $15.6-million lease of the approximately 136,000-square-foot structure at 2950 Madera Rd.; the landlord is Rexford … Latest Chicago & Midwest Stories Chicago, Midwest | Weekly People & Companies for March 29 Chicago & Midwest + Office | March 28, 2024 JLL has promoted Michael Raphael to Chief Procurement Officer to lead procurement activities globally across the company and manage annual procurement spend for both JLL and on behalf of its clients. Raphael will manage JLL’s own corporate indirect spend and the procurement of goods and services on behalf of JLL clients. Raphael will lead JLL’s … Berkadia Negotiates 334-Unit MF Sale in St. Louis Chicago & Midwest + Midwest + Apartments | March 28, 2024 Berkadia closed the sale of Crossing at Northpointe, a 334-unit garden-style multifamily property in St. Louis, Missouri. Managing Directors Andrea Kendrick and Ken Aston, and Senior Director Bobby Mills of Berkadia St. Louis led the transaction on behalf of the seller, Utah-based Sundance Bay. Crossing at Northpointe sold to a New Jersey-based buyer, and the … Latest Florida & Gulf Coast Stories Property Markets Group to Redevelop Tampa Housing Project Florida & Gulf Coast + Central Florida + Apartments | March 29, 2024 Property Markets Group is looking to change the zoning at Robles Park Village, one of Tampa’s oldest affordable housing projects, to allow a mixed-use district. The group is working with the Tampa Housing Authority, which owns the 30 acres where Robles Park Village site. Built in 1954, Robles Park currently has 436 affordable units on … Florida Investor Converting Hotel to Apartments Florida & Gulf Coast + Central Florida + Apartments | March 29, 2024 A national investor is asking Orange County for a rezoning, hoping to convert an extended-stay hotel across from the Florida Mall into apartments. The Orlando Business Journal reports Sage Investment Group would transform the Stayable Suites at 8700 S. Orange Blossom Trail into 206 multifamily units, as well as add 5,000 square feet of retail … Latest Global Stories AFIRE Survey Ranks LA, DC as Top U.S. Markets for CRE Investment National + Global + Finance | March 27, 2024 Los Angeles, Washington, DC, Seattle, Dallas and New York City are the top U.S. cities for investment in 2024, according to the latest AFIRE International Investor Survey. That being said, if given the option of investing with “fresh books” in a city, the largest number of global investors selected Charlotte as a priority market, followed by … Avison Young Halves Financial Obligations, Secures New Capital for Continued Growth National + Global + Finance | February 26, 2024 Avison Young said Monday it has agreed to a comprehensive deleveraging transaction with its current financial partners that positions the company for the future. Through the transaction, Avison Young has reduced its financial obligations by more than half and has secured additional capital to advance its strategic goals. The Toronto-based real estate services firm entered … Latest Lenders Stories Latest National Stories Malls: Are They Coming Back? National + Weekender | March 28, 2024 Malls seem to be the poster child for failed retail space. The first mall in the United States opened in the mid-1950s, and the latter part of the 20th century saw a sharp increase in mall development. But mall oversaturation, combined with the rise of e-commerce and (more recently) the pandemic lockdowns, has led many … The Office Story: Digging into the Nuance National + Weekender | March 28, 2024 You don’t have to look too far for negative headlines concerning the office sector. They’re all over the place, from a “muted” outlook for 2024 to concerns over the debt maturity in this sector. A recent brief released by CBRE, “There is Nuance to the Office Story,” doesn’t sugarcoat any of these issues. The “sobering … Latest New York & Tri-State Stories Callen-Lorde Community Health Center Expands Bronx Lease New York & Tri-State + Uptown/Bronx + Healthcare | March 28, 2024 Cushman & Wakefield has facilitated a lease expansion for Callen-Lorde Community Health Center at 3144 Third Avenue in the Bronx. The primary care center has expanded its space from 2,903 square feet to 12,916 square feet, now occupying the entire ground and second floors. Carri Lyon and Jenna Catalon of Cushman & Wakefield represented the … Newmark Appoints New Head of Retail Capital Markets New York & Tri-State + New York + Retail | March 28, 2024 Conor Lalor has joined Newmark Group, Inc. as president and head of Retail Capital Markets for North America. Working closely with Newmark’s retail capital markets leadership team, Lalor will focus on retail investment sales, recapitalizations, and financings across North America, alongside newly appointed senior managing director Kyle Minter. Lalor’s team will collaborate closely with the … Latest Phoenix & Southwest Stories Tempe Ballfield Set for $23M Upgrade Phoenix & Southwest + Phoenix + Hospitality | March 28, 2024 One of the most popular MLB Spring Training venues will soon have a new look. AZBEX reports the Tempe City Council has approved $23 million in improvements for Tempe Diablo Stadium, spring home of the Los Angeles Angels. The first phase of the overall renovation plan will feature a new Major/Minor League clubhouse, a player development area and … $5B Queen Creek Battery Factory Greenlighted Phoenix & Southwest + Phoenix + Industrial | March 28, 2024 It’s been a year since LG Energy Solution said it was going to build what could become a $5 billion battery manufacturing campus in Queen Creek. The Phoenix Business Journal says it’s now ready to get moving due to it locking down financing from US Realty Advisors. The company will provide a ground lease and … Latest Seattle & Northwest Stories JLL Closes $140M in Financings from Amazon Housing Equity Fund Seattle & Northwest + Seattle + Apartments | March 28, 2024 JLL Capital Markets and JLL Public Institutions have executed $139.64 million in financings from the Amazon Housing Equity Fund over the last six months for the development and preservation of 11 affordable housing communities, totaling 1,970 units, across the Puget Sound region. JLL acted as the credit underwriter for Amazon, who provided long-term, fixed-rate loans … Marcus & Millichap Arranges Sale of Shell Gas Station in Seattle Seattle & Northwest + Seattle + Retail | March 28, 2024 Marcus & Millichap closed the sale of Shell Station Ballard, a 1,950-square-foot net-leased property located in Seattle, Washington. The asset, occupied by Shell, a sold for $3.25 million. Hank Wolfer, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a partnership. Shell … Latest Texas Stories Mixed-Income Housing Project Headed for High-End Austin Neighborhood Texas + Austin + Apartments | March 28, 2024 Austin Developer Manifold Real Estate is asking the City Council to approve a half-market rate, half-mixed-income apartment complex in a part of town, Barton Creek, not known for affordable housing. The Austin Business Journal reports Manifold Real Estate plans to build an apartment complex with 438 units. Manifold plans to build the project using Austin’s … Endeavor Adds Another Rental Community to Austin Roster Texas + Austin + Apartments | March 28, 2024 Endeavor Real Estate Group is delivering its latest multifamily addition to Austin. According to Yardi Matrix, the company now owns 18 multifamily properties completed or in different development stages in the metro, totaling more than 6,050 units. Managed by Greystar, Solomon is comprised of 369 apartment homes in studio, one- and two-bedroom layouts that range … Latest Washington DC Stories Apple Hospitality REIT Buys the AC Hotel for $117M Washington DC + DC + Hospitality | March 28, 2024 Apple Hospitality REIT, Inc. has announced the acquisition of the AC Hotel by Marriott Washington DC Convention Center for approximately $116.8 million. The hotel, located at 601 K Street NW, Washington, D.C., offers 234 rooms and opened in October 2020. “With a wide variety of demand generators, including government, corporate, conventions, sporting events and … New Trampoline Parks to Open in Northern VA Washington DC + DC Metro + | March 28, 2024 Sky Zone Inc. has announced plans to bring two new trampoline parks to Greater Washington next year, Washington Business Journal reported. The L.A.-based company has partnered with franchisees to open new locations in Alexandria and Arlington, though the exact sites have yet to be determined. The Northern Virginia parks will be operated by investors Adebara Lawrence, Akintunde … Latest Stories FromWeekly People & Company News Markets | March 29, 2024Carlyle Group Names Lindsay LoBue as COOAlternative Assets | March 28, 2024Lindsay LoBue has been named Carlyle’s COO, effective July 1, following Chris Finn’s retirement after nearly 30 years with the firm. Finn will become a senior advisor to the $426 billion global investment firm after June 30. LoBue has been Carlyle’s deputy COO since October 2023, playing an active role in leading organizational and functional ...Moderna Gets $750M Backing from Blackstone to Develop Flu VaccinesAlternative Assets | March 28, 2024Blackstone Life Sciences is investing $750 million in Moderna’s influenza vaccine program as part of the investment platform’s efforts to “support innovative mRNA technology.” According to the terms of the agreement, announced during its annual Vaccines Day event on Wednesday, Blackstone will provide “up to” $750 million to fund the biotech’s flu vaccine research in ...Cove Capital Fully Subscribes $3.8M Virginia Industrial Net Lease Offering Alternative Assets | March 28, 2024Cove Capital Investments, LLC, a Los Angeles-based Delaware Statutory Trust (DST) sponsor and real estate investment firm, announced its Cove Net Lease Distribution 66 DST, a regulation D Rule 506(c) Delaware Statutory Trust offering, is fully subscribed. The total amount raised was just over $3.8 million. The industrial distribution warehouse is in Richlands, VA, ...