Inland Private Capital Blazes a Trail in Tax-Oriented CRE Investing Cover Story | March 6, 2024 Commercial Foreclosures Up Nearly 8% YTD from 2023 Levels National + Distressed Assets | March 28, 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.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 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 MoreMaison De VilleHouston, TXTexas + ApartmentsListing Status:AvailableListing Type:Call for offersPrice:$7,900,000No. of Units:121Year Built:1979Lot Size:92400 AcresOpportunity Zone:YesPrice per unit:$65,289Learn 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 Georgia Tech Building $85M FB Stadium Addition Atlanta & Southeast + Atlanta + Hospitality | March 28, 2024 Competition for quality football players often often has more to do with facilities and amenities than season records or a schools legacy. Georgia Tech knows that and is modernizing its historic football stadium. Georgia Tech officials recently broke ground on the Thomas A. Fanning Student-Athlete Performance Center, a project designed by The S/L/A/M Collaborative and … 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 … 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 TeamPaul BubnySenior Content DirectorDennis KaiserVice President, Public Relations & CommunicationsEmily LettieriVice PresidentView 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 New Orlando Airport Fixed-Base Operator to Invest $40M Florida & Gulf Coast + Central Florida + Industrial | March 28, 2024 A new fixed-base operator (FBO) has been granted a lease at the Orlando Executive Airport. Sky Harbour Group will invest $40 million as part of a multi-year program. It will be the airport’s third FBO. A fixed base operator is granted the right by an airport authority to provide services such as fueling, parking and … 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 … 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 Commercial Foreclosures Up Nearly 8% YTD from 2023 Levels National + Distressed Assets | March 28, 2024 Commercial property foreclosures in 2024 totaled 705 through February, Trepp reported, citing data from ATTOM. That’s an increase of nearly 8% from the 655 foreclosures in the year-ago period. ATTOM recorded 4,968 foreclosures in 2023, up 46% from 2022, when 3,394 foreclosures were recorded. Over the nine years since 2014, a total of 50,607 foreclosures … Return to Lender: Week of March 28, 2024 National + Distressed Assets | March 28, 2024 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 Endeavor Adds Another Rental Community to its 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 … People & Companies, March 29, 2024 Texas + Austin + Finance | March 28, 2024 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 FromCarlyle 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, ...Alternative Wealth Partners Sets $150M for Sophomore FundAlternative Assets | March 28, 2024Alternative Wealth Partners plans to raise $150 million for its second vehicle, AWP Diversity Fund II, which will continue the firm’s diversification strategy and attempt to deliver “double-digit” returns with “layered tax advantages.” The private equity fund will invest in energy, manufacturing, real estate, and infrastructure firms and projects, with the ability to provide equity ...