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Related Launches Leasing for Tuxedo Luxury RentalsRelated Companies has officially begun its first phase of leasing for residences at The Village at Tuxedo Reserve, the mixed-use town center in the 1,200-acre Tuxedo Reserve community in New York’s Hudson Valley.
Simon Approaching End Of The Road With Struggling Suburban Boston MallSimon Property Group is expected to hand back the Square One Mall in Saugus, which has a $76M CMBS loan maturing in January.
Avatar Bridge Loan Finances Acquisition of Historic Providence HotelAvatar Financial Group LLC has provided a $6.45-million bridge loan to finance the acquisition of Hotel Providence, an 80-room boutique hotel in Downtown Providence, RI. The two-year, first-lien loan was originated at 63% loan-to-value.
Local College Snaps Up Former Rite Aid in BarstowProgressive Real Estate Partners represented a Southern California real estate developer in the sale of a 17,272-square-foot freestanding retail building located at 1380 Barstow Rd. in Barstow for $2.
Piedmont Buys Virginia Office for $53M — Double Its 2024 Sale PriceA joint venture has unloaded an office building in Northern Virginia for nearly twice what it paid to acquire the property just two years ago in the depths of post-pandemic distress.
Harrison Street, U. of San Diego to Partner for On-Campus HousingHarrison Street Asset Management and The Michaels Organization have formed a public-private partnership agreement with the University of San Diego to build the Presidio Terrace Apartments, a planned new $230 million, 321-unit, 700-bed on-campus student housing development.
Marcus & Millichap Brokers Sale of Industrial Property in Lake ForestMarcus & Millichap brokered the sale of 28101 Ballard Drive, a 32,003-square-foot, six-unit industrial property in Lake Forest, Illinois. The property sold for $3.46 million.
Logistics Property Company Closes on Industrial Real Estate VentureLogistics Property Company, LLC (LogiPropCo) has closed a value-add joint venture with a large U.S. public pension fund. This value-add venture is the company’s third venture with institutional investors since its founding in 2018.
California Investor Scoops Up Amazon Warehouse: The Chicago Deal SheetStockbridge Capital Group acquired a huge Amazon warehouse in Romeoville, plus more top transactions in Chicago this week.
Kirkland & Ellis Hires Seth Niedermayer as Partner in Real Estate GroupAfter more than a decade at HSF Kramer, real estate attorney Seth Niedermayer has moved offices to Kirkland & Ellis.
Hines And Rialto Close Office Credit Fund At $1.1BThe two national real estate investment management firms closed their U.S. office credit fund after securing more than 120 investors.
Podcast: How AI Is Making Rental Application Fraud Harder to Catch, with DocuverusJamie Borodin is the founder and CEO of Docuverus, a document verification and fraud detection platform purpose-built for multifamily housing providers.
Rice Planning 24-Story Multifamily CommunityRice University revealed plans for a massive 24-story housing project not far from the school’s football stadium. The $170 million project will also include retail space. The project, dubbed Gateway Residences, will be near Rice Village, a popular retail district just off campus.
VanTrust Real Estate Breaks Ground on 512,000 SF Spec Industrial Project in McKinney, TexasMCKINNEY, TEXAS — Kansas City-based developer VanTrust Real Estate has broken ground on an approximately 512,000-square-foot speculative industrial project in McKinney, located north of Dallas.
Lincoln, PGIM Acquire Two DFW Medical BuildingsLincoln Property Company and PGIM acquired two outpatient medical buildings in the Dallas-Fort Worth Metroplex, totaling 103,000 square feet. Acquired through separate transactions, the portfolio includes 17051 N.
Representative imageSummit RE Negotiates Sale of 209,476 SF Office Building in Carrollton, TexasCARROLLTON, TEXAS — Locally based brokerage firm Summit RE has negotiated the sale of a 209,476-square-foot office building in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 4101 International Parkway was constructed on 14.8 acres in 1998.
Representative imageEaston Group Buys Two Industrial Buildings Totaling 72,800 SF in ArlingtonARLINGTON, TEXAS — Miami-based investment firm Easton Group has purchased two industrial buildings totaling 72,800 square feet in Arlington.
Magnet Maker Building $1.2B Plant West of CharlotteUSA Rare Earth broke ground on a $1.2 billion magnet manufacturing facility in Blacksburg, South Carolina, 45 minutes west of Charlotte. The facility will create 490 jobs.
Newmark Arranges $55M Refinancing for Seattle Multifamily PropertyNewmark has arranged a $55 million loan on behalf of Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald to refinance Swell Apartments, a 200-unit multifamily community in Seattle, Washington.
Related Cos. Begins Leasing 336-Unit Apartment Community in Tuxedo, New YorkTUXEDO, N.Y. — Related Cos. has begun leasing a 336-unit apartment community in Tuxedo, located in the Hudson Valley region.