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Self-Storage Developer Closes On Loan for 1,500-Unit ExpansionUTEX Storage Partners closed on a $42.5 million construction loan to finance a two-property self-storage portfolio in the Miami metropolitan area. Affinius Capital and Axonic Capital originated the loan. The financing was arranged by Daniel Hartnett of Greysteel.
Berkadia Arranges Sale, Financing of 270-Unit VA Multifamily PropertyBerkadia has arranged the sale and financing of Masons Keepe, a 270-unit garden-style multifamily community located in Manassas, Virginia.
Chicago Ranks No. 3 For AI Job Growth As Office Market Stands To BenefitThe number of roles tied to artificial intelligence is picking up in the Chicago market, with companies’ bets on new hires potentially bolstering the city’s office market in the coming years. Hiring momentum for AI-related roles has picked up in...
Creative Industries Keep LA's Office Recovery Stalled While Westside Finance And Law Power AheadLos Angeles is once again the outlier in the national office recovery. While vacancy tightened in more than half of major U.S. markets in Q2, LA’s rate climbed to 25.8%, driven by steep emptying in Downtown and Hollywood even as Century City pulls...
HarbourVest Will Open First NYC Office at 9 West 57thJLL represented global private markets investment firm HarbourVest Partners in securing its first New York City office at Soloviev Group’s 9 W. 57th St. The 10-year lease is for 19,752 square feet on a portion of the building’s 49th floor.
CIM Group, Hulic Acquire West Hollywood Apartment PropertyCIM Group completed the acquisition of Domain WeHo, a 166-unit apartment community in West Hollywood, in partnership with Hulic Co., Ltd.
Retail Veterans Joshua Strauss and Scott Zinovoy Join JLLThere are some new recruits at JLL, the brokerage firm announced Monday.
Infinium Wall Systems Takes 30K SF of Office, Retail Space at ESRT’s 1359 BroadwayIf these walls could talk, they’d talk about all the new leasing in Midtown.
Resource Realty Negotiates Warehouse Lease for Amazing SavingsResource Realty of Northern New Jersey (RRNNJ) negotiated a 173,475-square-foot, long-term industrial lease at the newly constructed Spring Brook Commerce Center, located at 128 Iron Mountain Rd. in Mine Hill, NJ, on behalf of closeout retailer Amazing Savings.
Prologis Promotes Travis Harvey to Global Head of DevelopmentPrologis has promoted Travis Harvey to lead the firm’s global development and construction platform across the Americas, Asia and Europe, Commercial Observer has learned.
Ryan Demadis Joins IPA Capital Markets in BostonIPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, has hired Ryan Demadis as a managing director in its Boston office.
Infinity, KB Realty Partners Bag 75 Kenmare Street’s Retail Condo for $12MA joint venture went shopping near SoHo and didn’t come away empty-handed.
Kiser Group Brokers $12M Sale of Rogers Park Apartment BuildingKiser Group Directors Jacob Price and Katie LeGrand facilitated the sale of a 78-unit apartment building located at 6748-50 North Ashland Avenue in Chicago’s Rogers Park neighborhood for $11.5 million.
Mindspace to Open Largest U.S. Location at Transamerica ComplexGlobal flexible workspace provider Mindspace has signed a new 54,000-square-foot lease at Two Transamerica Plaza, located at 505 Sansome St., San Francisco, within the Transamerica complex, marking the company’s second location in San Francisco and its largest in the U.S.
The $70B Quantum Boom Is Building A New Real Estate SectorAn emerging technology drawing billions of dollars of investment from the likes of Amazon, Google and Microsoft is spurring a new real estate sector — and it isn’t AI. Quantum computing, once seen as a moon shot, is now hurtling toward commercial...
Law Firm Hodgson Russ Renews 20K SF at Fisher Brothers’ 605 Third AvenueLaw firm Hodgson Russ spearheaded a rush of new leases at Fisher Brothers’ 605 Third Avenue. The firm renewed its 19,900-square-foot lease on the 23rd floor of the tower, located between East 39th and East 40th streets, in June, according to the landlord.
Colliers Represents Swanson, Martin & Bell, LLP in HQ Lease Restructure, RenewalColliers’ Dan Arends, Dougal Jeppe, Corby Marx, Joe Stevens and John Arends recently represented Swanson, Martin & Bell, LLP in a 56,760-square-foot long-term, headquarters lease restructure and renewal at 330 N. Wabash Ave. in Chicago.
Pharma Company Moving Headquarters From Suburbs To Downtown BostonDivcoWest has lured a pharmaceutical company from the suburbs to its One Lincoln office tower downtown.
Rialto, Hines Refi 295 Fifth With $229M LoanA joint venture consisting of PGIM, Tribeca Investment Group and Meadow Partners has landed a $228.9 million loan to refinance a newly-renovated 19-story office tower in Manhattan’s Midtown South neighborhood.
Schnitzer West to Purchase Office Complex in Downtown BellevueSchnitzer West is under exclusive agreement to purchase The Bravern Office Commons and Garage, a two-tower, 749,694-square-foot office property that the company originally developed in downtown Bellevue.