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Representative imageWood Partners Breaks Ground on 204-Unit Multifamily Project in Tomball, TexasTOMBALL, TEXAS — Atlanta-based developer Wood Partners has broken ground on Alta Timberline, a 204-unit multifamily project in Tomball, a northern suburb of Houston. Alta Timberline will consist of seven three-story buildings that will house one-, two- and three-bedroom units.
IPA Brokers Sale of 192-Unit Apartment Community in Metro NashvilleTHOMPSON’S STATION, TENN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Newport Station, a 192-unit apartment community located on a 13-acre site in Thompson’s Station, a southern suburb of Nashville.
Representative imageMarcus & Millichap Brokers Sale of 61,982 SF Shopping Center in Northwest HoustonHOUSTON — Marcus & Millichap has brokered the sale of Huntwick Village, a 61,982-square-foot shopping center in northwest Houston.
Onward Takes Ownership of 306,000 SF Office Property in AlpharettaALPHARETTA, GA. — Onward Investors, an alternative investment firm based in Minneapolis, has recently taken ownership of a 306,000-square-foot office property in Alpharetta, a northern suburb of Atlanta.
Representative imageRiken Vitamin Co. Signs 12,653 SF Lease at Flex Development in Plano, TexasPLANO, TEXAS — Riken Vitamin Co. has signed a 12,653-square-foot lease in Plano. The Japanese producer of food additives and vitamins is relocating from California to R&D at Legacy, a 374,275-square-foot flex development.
Jamestown, NY Life Developing Massive Alpharetta Entertainment DistrictJamestown and New York Life are working together on plans for an entertainment destination at the old North Point Mall, anchored by a 20,000-seat hockey arena. Regarding the hockey arena, the developers hope to attract the National Hockey League’s attention.
JLL Arranges $370M Loan for Refinancing of Brooklyn Apartment ComplexNEW YORK CITY — JLL has arranged a $370 million bridge loan for the refinancing of Society Brooklyn, a 517-unit apartment complex in the borough’s Gowanus neighborhood.
Representative imageNorthmarq Negotiates Sale of 66,682 SF Grocery Store in Worcester, MassachusettsWORCESTER, MASS. — Northmarq has negotiated the sale of a 66,682-square-foot grocery store in the Central Massachusetts city of Worcester. The Worcester Business Journal reports that the sales price was $31 million and that the buyer was an affiliate of Fidelity Investments.
Representative imageMarcus & Millichap Brokers Sale of 33,762 SF Industrial Building in Northeast PhiladelphiaPHILADELPHIA — Marcus & Millichap has brokered the sale of a 33,762-square-foot industrial building in northeast Philadelphia.
Representative imageNuveen Raises $330M to Acquire Grocery-Anchored Retail Across the U.S.Nuveen Real Estate has raised a sizable sum from Australian sources to acquire grocery store properties across the U.S.
BREAKING NEWS: Producer Prices Jump 0.7% in February as Inflation Pressures ReaccelerateThe Producer Price Index for final demand increased 0.7% month-over-month, following gains of 0.5% in January and 0.4% in December, according to the Bureau of Labor Statistics.
The Plan: It’s Time to Get With the Program in GreenpointEntrepreneur Griffin Taylor’s latest Brooklyn project is a slam dunk for the next generation of basketball greats coming out of New York City. In September, Griffin and business partner Jared Effron opened training facility the Program at 255 Java Street in Greenpoint, Brooklyn.
Speaker Spotlight: Peter Riguardi of JLLPeter Riguardi, chairman and president of JLL’s New York tri-state region, joined Commercial Observer’s Future of New York Forum to discuss the city’s commercial real estate rebound, the flight to quality in office, and how emerging industries like artificial intelligence are…
Milrose Insights on Permitting Delays Quietly Derailing Development Timelines Across U.S. MarketsLarge development projects today face an increasingly complex regulatory environment long before construction begins.
Meridian Investment Sales Team on the Market With 504K-SF Best-in-Class Queens Office Fully Leased With Investment-Grade TenantsMeridian Capital Group announced that its Institutional Investment Sales Group, led by Helen Hwang, has been retained to market for sale 80-02 Kew Gardens Road, a premier 12-story, 504,000-square-foot Class A office building in the heart of Kew Gardens, Queens.
Longtime 60 Madison Avenue Tenant Renews Lease with Moinian GroupThe Moinian Group signed a 10-year, 10,000-square-foot lease renewal with Berkshire Blanket & Home Co. at 60 Madison Ave. in Midtown South.
San Diego Workforce Housing Trades to 1031 Exchange BuyerMatthews facilitated the $30-million sale of Creekside Villas, a 144-unit workforce housing community located at 220 47th St. in San Diego.
Lee NYC Markets Six-Building Portfolio of City-Leased OfficesLee & Associates NYC has been exclusively retained to market for sale a rare six-property portfolio of New York City-leased educational and community facility buildings located across two boroughs.
Graceada Acquires Fresno Small-Bay Portfolio with Upside PotentialNewmark arranged the sale of Shaw Commerce Center, a premier shallow-bay industrial portfolio located at 4603 N Brawley Ave and 4055-4069 W Shaw Ave in Fresno. Executive managing director Andrew Briner, associate director Aaron Banks, co-head of U.S.
Marcus & Millichap Brokers Sale of Missouri CVS PropertyMarcus & Millichap has arranged the sale of a net-leased CVS Pharmacy property located in O’Fallon, Missouri, for $2.975 million.