Inland Private Capital Blazes a Trail in Tax-Oriented CRE Investing Cover Story | March 6, 2024 Apartment Developers Cite Economic Infeasibility as Stumbling Block National + Apartments | March 26, 2024 AFIRE Survey Ranks LA, DC as Top U.S. Markets for CRE Investment National + Global + Finance | March 27, 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.comHidden Court ApartmentsPhoenix , AZPhoenix & Southwest + Low-RiseListing Status:AvailableListing Type:Highest & best offerPrice:$2,840,000No. of Units:9APN:161-27-030EZoning Code:R-3Opportunity Zone:NoPrice per unit:$315,555Learn More212 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 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 BHI Secures $50M For Kolter Buckhead Project Atlanta & Southeast + Atlanta + Apartments | March 28, 2024 BHI has provided $50 million to The Kolter Group LLC as part of an overall $133 million credit facility secured to finance their 144-unit luxury condominium project “The Dillon” in the Buckhead neighborhood of Atlanta. BHI is acting as administrative agent for the credit facility. The project, located at 2395 Peachtree Street NE Atlanta will be … Atlanta Venture to Sprout in “Dead Zone” Atlanta & Southeast + Atlanta + Apartments | March 27, 2024 Gorman and Company has released more information about its development activity in the Sweet Auburn district of Atlanta. The Invest Atlanta Board of Directors approved a Housing Opportunity Bond up to $3 million to help move construction forward. Both phases of Sweet Auburn Grande are expected to cost over $74 million. Urbanize Atlanta reports the project … Latest Boston & New England Stories Medical Device Company Signs 111K SF in Wilmington Boston & New England + Massachusetts + | March 27, 2024 The Davis Companies has leased a 111,119 square foot building at Upton Crossing in Wilmington, MA, to a global medical device company focusing on critical care and software. This represents over half of the available 215,000 square feet of Class A industrial/flex space. Joe Fabiano, Jamey Lipscomb, Jordan Yarboro and Brian Tisbert of JLL … JPMorgan Chase Adds Senior Banker in Boston Boston & New England + Boston + Finance | March 27, 2024 JPMorgan Chase has appointed Jennifer (“Jenny”) Fauth to support Community Development Banking (CDB) in Boston, as part of its efforts to expand its market presence. Fauth will oversee the delivery of affordable housing and banking products to clients throughout New England. With over 15 years of experience in affordable housing finance, Fauth joins from Santander … Connect TeamSarah QuinnCo-Founder & Vice PresidentJohn HalloranVice President of Creative & MarketingDaniel CenicerosFounder & CEOView 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 Burbank Flex-Industrial Trades Off-Market for Use as Studio Space California + Los Angeles + Industrial | March 27, 2024 CBRE arranged the off-market sale of a 47,000-square-foot flex-industrial property in Burbank for $17.8 million. Derek Newton of CBRE represented the buyer, AKS Stage and Rental, LLC, which will occupy the space to expand its operations. With a castle-like exterior, the property sits on just over a half-acre at 1101-1107 and 1117 W. Isabel St. “My … Foreclosed DTLA Offices Will Serve as New Owner’s Headquarters California + Los Angeles + Office | March 27, 2024 Lee & Associates finalized the $18-million sale of a four-story, 86,459-square-foot building at 777 E. 10th Street in Los Angeles. The seller foreclosed upon the property in February of 2022. Matthew Sullivan, managing broker of Lee & Associates Investment Services Group, represented the seller in the transaction, CSAIL 2015-C1 Commercial Mortgage Trust. Jim Halferty and … Latest Chicago & Midwest Stories Hotel Near Midway Airport Up for Sale for More Than $20M Chicago & Midwest + South Side + Hospitality | March 27, 2024 Holiday Inn Chicago hotel, located near Midway International Airport, has hit the market for $20.5 million. The property is being marketed by Josh Tammen with Marcus & Millichap. The 158-room hotel at 7353 S. Cicero Ave. was built in 1970 and was previously the Clarion Hotel Chicago Midway, reported the Chicago Business Journal. The five-story … Developer Plans Apartment Building Near Fulton Chicago & Midwest + Downtown + Apartments | March 27, 2024 An affiliate of the Chicago-based Range Group is planning a five-story apartment building north of Chicago’s Fulton Market District. The company has filed a zoning application with the city to build a 72-unit luxury apartment complex at 455 N. Carpenter Street. The project would replace a vacant two-story industrial property on the site, reported Crain’s. … Latest Florida & Gulf Coast Stories Mast Secures $65M for Ft. Myers Rental Community Florida & Gulf Coast + Central Florida + Apartments | March 28, 2024 Mast Capital, in partnership with private equity group BLG Capital Advisors, has secured financing and broken ground on an upscale residential rental community in Fort Myers. The firm, which acquired the site totaling 14.5 acres of land in 2022, has secured $65 million in construction financing from lender Centerbridge Partners, which served as agent for MassMutual … Boca’s Beach Club Slated for $100M Makeover Florida & Gulf Coast + South Florida + Hospitality | March 27, 2024 The Boca Raton, a resort and private club that opened in 1926, says it will start on a $100 million renovation of the Beach Club hotel. When Beach Club is unveiled in December 2024, guests and club members will discover an entirely redesigned arrival, new restaurants, a lobby featuring a new bar and café, a new … 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 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 … Apartment Developers Cite Economic Infeasibility as Stumbling Block National + Apartments | March 26, 2024 The latest NMHC Quarterly Survey of Apartment Construction & Development Activity from the National Multifamily Housing Council found that most respondents (81% this round) continue to report construction delays. A majority of respondents experiencing delayed starts cited economic infeasibility (74%), economic uncertainty (62%) and the availability of construction financing (68%) as reasons for their setbacks. More positively, the … Latest New York & Tri-State Stories Northwind Group Adds New Head of Capital Markets New York & Tri-State + New York + Finance | March 27, 2024 Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has appointed Robert Kalish as its managing director and head of Capital Markets. In his new role, Kalish will lead Northwind’s capital markets, fundraising, capital formation, and business development initiatives, reporting to founder and managing partner Ran Eliasaf. Previously a managing … Aesop to Open New Store in Rockefeller Center New York & Tri-State + Midtown New York + Retail | March 27, 2024 Tishman Speyer has announced that Aesop, the luxury Australian brand known for its skincare, haircare, and body care products, will be opening a new store at 610 Fifth Avenue at the Channel Gardens in Rockefeller Center. The store is expected to open in the summer of 2024 and will occupy approximately 600 square feet. Aesop, … Latest Phoenix & Southwest Stories MLG Picks 192-Unit Denver Apartments for $51M Phoenix & Southwest + Southwest + Apartments | March 27, 2024 MLG Capital paid $51 million for an apartment complex in Denver’s East Colfax neighborhood. The 192-unit Lowry North apartments on E. 11th Ave. sold for $265,000 a unit. The Lowry North apartments feature 66 one-bedroom, 96 two-bedroom and 30 three-bedroom apartment units. Amenities include a pool, hot tub and fitness center. Rent ranges from $1,600 … DHL Building Two Las Vegas Logistics Hubs Phoenix & Southwest + Southwest + Industrial | March 27, 2024 DHL Supply Chain will build two facilities, which will total about 800,000 square feet. DHL Supply Chain is a contract logistics provider in North America providing air, road, ocean, and rail freight services. The company will construct the distribution centers in North Las Vegas. They are expected to generate $57.7 million in tax revenue over ten … Latest Seattle & Northwest Stories Construction Starts on New Renton Hotel Near Boeing Factory Seattle & Northwest + Seattle + Hospitality | March 27, 2024 LivAway Suite has started construction on their next project in Renton, Washington, just minutes from SeaTac International Airport and downtown Seattle. The LivAway Suites Renton location will be situated between the Boeing factory and offices, a brand new Topgolf complex, and The Landing shopping center. “The Renton area is home to the expansive Boeing 737 … Affordable Housing Project Planned for Southern OR Seattle & Northwest + Oregon + Apartments | March 27, 2024 Commonwealth Development Corporation and WNC & Associates have closed a deal to begin construction of Pacific Flats, a residential community in Phoenix, Oregon. The property will include five three-story residential buildings comprised of 72 family LIHTC units. Pacific Flats will play a key role in providing affordable housing as the area continues to recover from … Latest Texas Stories Silver Star Pays Off Creditors, Shifts to Self-Storage Texas + State of Texas + Apartments | March 28, 2024 Silver Star Properties REIT is currently repositioning into the self-storage asset class. Hartman SPE, LLC (the “SPE”), an indirect subsidiary, that owns office, retail, and industrial properties, and lenders Benefit Street Partners and RMWC have closed a $135 million exit facility (the “Exit Facility”). The agreement allows SPE to go effective on its Chapter 11 Plan of … Trademark to Revamp, Rebrand Arlington’s Lincoln Square Texas + Dallas-Fort Worth + Retail | March 27, 2024 The City of Arlington has approved mixed-use developer Trademark Property Company’s (Trademark) request to rezone Lincoln Square, a 45-acre shopping center, as a mixed-use venture. Trademark says it plans to “redevelop the dated center into a walkable and upscale mix of uses, including office, retail, hotel, entertainment and residential.” Lincoln Square is located between Dallas … Latest Washington DC Stories Talks End on Wizards, Capitals’ Move to Virginia Washington DC + DC + Hospitality | March 27, 2024 Negotiations to move the Washington Capitals and the Washington Wizards to Northern Virginia have ceased, with Alexandria announcing the end of plans for a new arena and development district. Virginia’s House speaker confirmed that Ted Leonsis, the teams’ owner, is no longer pursuing the relocation from D.C. This decision follows Gov. Glenn Youngkin’s unsuccessful … KidStrong to Open First Location in Baltimore Washington DC + Baltimore + Student Housing | March 27, 2024 Samantha and Jeffrey Gossett, owners of KidStrong, leased 3,522 square feet at Padonia Village Shopping Center in Timonium, Maryland, for the program’s first Baltimore County location. The center, at 61 E. Padonia Road, is expected to employ about 15 people. Dominique Threatt of Continental Realty Corporation represented the landlord, and Linda Nguyen and Zach Smith … Latest Stories FromCboe Launches Margin Relief Rule for Cash-Settled Index OptionsMarkets | March 27, 2024Cboe Global Markets, a derivatives and securities exchange network, has announced enhanced margin treatment for cash-settled index options, as well as a new margin relief rule intended at improving traders’ capital efficiency. The new margin rule improves margin treatment when selling cash-settled index options against an exchange-traded fund (ETF) tracking the same index, making these ...Focus Facilitates Executive Wealth Group Acquisition of Bordeaux Direct Investment | March 27, 2024Focus Financial Partners Inc., a registered investment advisor aggregator, announced the acquisition of Kirkland, WA-based Executive Wealth Group, LLC by Bordeaux Wealth Advisors, boosting the firm’s already strong position within the Seattle market. The transaction is expected to close in the second quarter of 2024. Executive Wealth Group, led by CEO and founder Sam Maxwell, ...Minnesota Pension Commits $575M to Private MarketsAlternative Assets | March 27, 2024The Minnesota State Investment Board committed $575 million to its real estate, real assets, and private equity portfolios at the end of February. The Oaktree Real Estate Opportunities Fund IX has obtained a commitment of up to $175 million. The Oaktree Capital Management fund is an opportunistic real estate strategy that invests in real estate ...Loci Capital, Canvas Residential Form JV for Townhome Rental Community Alternative Assets | March 27, 2024Funds controlled by Loci Fund II GP, LLC, an affiliate of Florida-based Loci Capital Group, LLC, a private real estate fund manager, has structured a joint venture with private real estate development and investment firm Canvas Residential to develop an 82-unit townhome rental community in the university submarket of Charlotte, NC. The project will break ...