Pennsylvania
KKR Divests $560M-Plus of Industrial Across Eastern and Central U.S.
KKR has completed the sale of more than five million square feet of industrial warehouse and distribution properties for a… Read more
Investcorp Adds 31-Property Industrial Portfolio for $216M
Investcorp, a global investment manager specializing in alternative investments, has acquired 31 industrial properties totaling approximately 1.6 million square feet… Read more
Return to Lender: Week of Sept. 21, 2023
As part of our expanded coverage of distressed assets, Connect CRE is introducing a new weekly feature, “Return to Lender.”… Read more
SIORs on Industrial’s Challenges: Costs and Availabilities
For both industrial real estate owners and tenants, managing costs is top of mind in the current market, while for… Read more
Steinbridge Activates $1.3B Impact Strategy With $50M Seed Venture
The Steinbridge Group has partnered with the FrontRange Co-GP Property Fund, an affiliate of FrontRange Capital Partners, in a $50… Read more
Morgan Properties Relocates Corporate Office
Morgan Properties is moving its local corporate office to a larger, modern space in Victor, New York. The new office… Read more
Sentral Grows Management Portfolio by Two LA Properties and One in Philly
Sentral, a full-building residential hospitality operator, said Tuesday it will manage two new luxury residential communities in Los Angeles: Figueroa… Read more
CMBS Distress Rate Rises for Top 20 SMSAs
The distress rate for CMBS loans across the 20 largest markets in August was 7.2%, slightly above the national CMBS… Read more
CBRE Promotes Ohio Restaurant, Retail Veteran Ken Stern
CBRE promoted Ken Stern to Senior Vice President in the firm’s Cleveland office. Stern is a 36-year commercial real estate… Read more
IPA: New Apartment Construction Volume Dwindles
Construction starts in multifamily are tapering off as would-be developers face diminishing access to capital and slowing rent growth, according… Read more
The Changing Role – and Growth – of Convenience Stores
Once upon a time, convenience stores were gas stations with a small retail establishment attached. Consumers would visit these places… Read more
Florida Value Partners Lands $20M Refi for 13 Dental Offices
Florida Value Partners (FVP) has landed $20 million in financing to refinance a portfolio of 13 dental offices spanning six… Read more
KPS Completes Good Shepherd Inpatient Rehab Hospital
Memphis-based KPS Development Partners has completed Good Shepherd Rehabilitation Network‘s new inpatient rehabilitation hospital in Center Valley, PA. “KPS had… Read more
Cubs Co-Owner Laura Ricketts Leads Group Buying Chicago Red Stars
An ownership group of Chicago businesswomen led by Laura Ricketts, co-owner of the Chicago Cubs and a minority owner of… Read more
Kraft Heinz Names Carlos Abrams-Rivera as Next CEO
The Kraft Heinz Company, which is co-headquartered in Chicago and Pittsburgh, announced that Carlos Abrams-Rivera has been appointed as Chief… Read more
Northbridge Partners Lands $27M for Industrial Portfolio in NJ, PA
Northbridge Partners secured $27 million in financing for an industrial portfolio in New Jersey and Pennsylvania. The portfolio comprises three… Read more
Skanska Promotes Sean Szatkowski to General Manager of NY Building Operations
Skanska USA Building has promoted Sean Szatkowski to general manager of its New York operations. In his new role, Sean… Read more
Merchants Capital Closes $196.5M Tax Credit Fund
Merchants Capital closed the Merchants Capital Tax Credit Equity Fund 15, L.P. (Merchants Fund 15). Merchants Fund 15 represents the… Read more
Commanders’ New Ownership a Done Deal; New Stadium a Question Mark
Josh Harris’ $6.05-billion deal for the Washington Commanders has been ratified by NFL owners. With the new ownership will come… Read more