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Market updates, deal breakdowns, risk alerts, and investment insights for NNN professionals.
At the CREFC Annual Conference held earlier this month, CEO Lisa Pendergast summed up the current state of commercial real estate finance in an interview with Connect CRE. She characterized the indust
Niobrara Capital, a private equity firm focused on investing in technology and technology-enabled services businesses, has signed an 11,000-square-foot lease for the entire ninth floor at Marx Realty’
Marcus & Millichap closed the sale of 11925 Kling St., a 48-condominium property in the Valley Village neighborhood of Los Angeles. The condominiums sold for an average price of $331,250 each. Tony Az
Arrow Real Estate Advisors arranged a $22,000,000 bridge refinance for 1000 Dean St., a creative office and flex property located in Brooklyn’s Crown Heights/Prospect Heights submarket. The financing
Benchmark Real Estate Group has sealed $44.5 million of commercial mortgage-backed securities (CMBS) debt to refinance a multifamily property in Manhattan’s East Village, Commercial Observer has learn
The Mogharebi Group (TMG) has formed an exclusive partnership with Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank. The partnership provides TMG clients with direct access to a lendin
A multifamily investment firm has closed two financing vehicles that combine for $54.2 million for two Class A apartment developments in Virginia. Bonaventure announced Monday that 86 investors commit
HSF Kramer’s Seth Niedermayer has a front row seat to the rewiring of U.S. real estate investment. The law partner currently has 17 deals on his plate, the majority of which have private equity in th
Essex Realty Group has been exclusively engaged to market for sale 5022–5030 N. Winthrop Avenue, a 32-unit renovated courtyard-style apartment building located in Chicago’s Uptown neighborhood. Essex
Industrial Realty Group (IRG) and PREP Funds announced the recent acquisition of 5870 Poe Ave in Dayton, Ohio. The property will be redeveloped into Dayton Commerce Center, a high-utility industrial p
AutoCanada Inc. has completed the sale of Toyota of Lincolnwood in Lincolnwood, Illinois, for approximately $40.1 million in cash, excluding inventory and net working capital. The dealership was part
JLL Capital Markets arranged the sale and facilitated the financing for Jefferson Valley Self Storage, a 405-unit self-storage facility in Jefferson Valley, NY. The firm’s Self-Storage Capital Markets
Chesapeake Fire Protection, a division of Georgia-based Century Fire Protection, has signed a lease with St. John Properties, Inc. at Ashburn Crossing to relocate and expand its Virginia regional offi
The operators of the Whitestone Lanes bowling alley in Flushing, Queens, have gotten the ball rolling on a major multifamily redevelopment. Midtown-based development firm Urban Realty Partners joined
Chicago-based investor Waterton has paid $80.5 million for a multifamily asset in Pembroke Pines, Fla., the buyer announced. Called the Landings at Pembroke Lakes, the garden-style property houses 35
President Donald Trump’s attempt to reshape the Federal Reserve toward a dovish ideology that will lower interest rates was dealt a near-term blow by the nation’s highest court. The U.S. Supreme Court
The Point Partners (TPP), a private development team led by Lincoln Property Company, Colmena Group and Wadsworth Development Group, broke ground on The Point’s first vertical development project, mar
New York City-based real estate investment and development firm Sioni Group has acquired a 12-story office building in Manhattan’s Flatiron District for $31 million, according to city records. Sioni,
Niobrara Capital, a private equity firm focused on tech companies across the U.S. and Europe, has signed an 11,000-square-foot lease on the entire ninth floor of Marx Realty’s 545 Madison Avenue, also
The attention Buc-ee’s has received from World Cup tourists is widespread. What used to be a regional phenomenon has spread beyond Texas and, for that matter, the United States. The stores pack much m
Standard Chartered closed on a $129.8 million five-year term loan provided to an Ares Real Estate fund (Ares) and funds managed by Northwood Investors for the financing of The Shops at Park Lane, a mi
Manhattan’s strong retail recovery continues, driven by a mix of international luxury brands, expanding local operators, ecommerce companies, restaurants, fitness concepts and experiential retailers,
A joint venture between Focus and Bradford Allen has secured $135 million in construction financing to build 275 Fifth Street, a 24-story, 373-unit mixed-use multifamily tower in St. Petersburg, Fla.,
Dezer Development is seeking to build 600 residential units and retail spaces in Sunny Isles Beach. The S. Florida Business Journal reports the project. named Dezerland Park West, would have a 14-stor
The Zumper National Rent Index showed the median one-bedroom rent rose 0.5% month-over-month to $1,526, while two-bedroom rent increased 0.1% to $1,905. On an annual basis, one-bedroom rent is now up
Atrium Health Wake Forest Baptist (AHWFB) opened Medical Plaza Northwest Greensboro, at 2909 Horse Pen Creek Road. The $163 million, five-story, 134,000-square-foot facility will serve as a regional
U.K.-based Bridgepoint Group has entered the U.S. real estate market. The middle-market investor announced Monday an agreement to buy Kayne Anderson Real Estate, a Boca Raton, Fla.-based real estate
RocaPoint Partners and The Georgetown Co. are planning to build 350 apartment units at Campus 244, a mixed-use project that already includes a five-story office building, retail spaces and a 145-key E
HOUSTON — NewQuest has broken ground on a 163,456-square-foot retail project in northwest Houston. The project will feature two junior anchor spaces within The Grand at 249, the local developer’s $90
FORT WORTH, TEXAS — Lee & Associates has negotiated a 78,272-square-foot industrial lease in North Fort Worth. The tenant is Wistron Corp., a provider of high-tech communications products and services