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Fed’s Powell Makes the Case for Taking a Breather on Rate Cuts
News 2 days ago
Fed’s Powell Makes the Case for Taking a Breather on Rate Cuts

By Paul Bubny “The U.S. economy is the star economy these days,” Federal Reserve chairman Jerome Powell told the House of Representatives Budget...

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JLL Delivers $119M in Construction Financing for Former Macy’s Store on L.A.’s Westside
News 2 days ago
JLL Delivers $119M in Construction Financing for Former Macy’s Store on L.A.’s Westside

JLL arranged $119.3 million in construction financing for GPI Companies’ West End project, an adaptive reuse, creative office development in West...

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CBRE Team Tapped to Complete Lease-Up at Central NJ Offices
News 2 days ago
CBRE Team Tapped to Complete Lease-Up at Central NJ Offices

Following its acquisition of 77 Corporate Dr. in Bridgewater, NJ, Legacy Investing retained CBRE to market the remaining 87,692 square feet...

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DTLA Responds to Housing Challenge with New Product
News 2 days ago
DTLA Responds to Housing Challenge with New Product

While Southern California has continued to struggle to build enough homes to keep up with demand, causing shortages and rising rents across the...

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Hunt Provides Refi to Rent-Stabilized Bronx Apartments
News 2 days ago
Hunt Provides Refi to Rent-Stabilized Bronx Apartments

Hunt Real Estate Capital provided a $5.2-million Freddie Mac Small Balance Loan to refinance a rent-stabilized multifamily property located in the...

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Stockbridge, Harbor JV Divests Tustin GSA-Leased Building for $36M
News 2 days ago
Stockbridge, Harbor JV Divests Tustin GSA-Leased Building for $36M

A joint venture between Stockbridge, on behalf of a separate managed account, and Harbor Associates, divested a single-tenant GSA building in...

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JLL Opens First-Ever Lego Escape Room in MN’s Rosedale Center
News 2 days ago
JLL Opens First-Ever Lego Escape Room in MN’s Rosedale Center

With game arcades and toy stores no longer the mall bait they once were to families with young kids, JLL’s Rosedale Center switched things up,...

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Commercial Rent Control Proposal Draws Fire from REBNY
News 2 days ago
Commercial Rent Control Proposal Draws Fire from REBNY

With commercial rent control again on the agenda as legislation was introduced at Thursday’s New York City Council meeting, business groups...

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IT Recruiter Leases Full Floor at Resnick’s 199 Water St.
News 2 days ago
IT Recruiter Leases Full Floor at Resnick’s 199 Water St.

Jack Resnick & Sons finalized two new leases totaling 42,969 square feet of office space at One Seaport Plaza, located at 199 Water St. in Lower...

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Hines REIT Buys, Rebrands Apartments Near U. of Maryland
News 2 days ago
Hines REIT Buys, Rebrands Apartments Near U. of Maryland

Hines Global Income Trust acquired Alloy by Alta, a new 275‐unit multifamily asset located adjacent to the University of Maryland in College Park,...

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Cornerstone Realty Secures $18M Acquisition Loan for Marlborough MF Property
News 2 days ago
Cornerstone Realty Secures $18M Acquisition Loan for Marlborough MF Property

Cornerstone Realty Capital has arranged $18.4 million in financing for the acquisition of Harrison Arms, a garden-style apartment community in...

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Storied 857-Acre Napa Valley Resort Listed
News 2 days ago
Storied 857-Acre Napa Valley Resort Listed

An 857-acre resort property located 15 minutes from downtown Napa is coming to market for the first time in more than 40 years. The asset is one of...

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CMBS Special Servicing Rate Continues to Fall
News 2 days ago
CMBS Special Servicing Rate Continues to Fall

The rate of CMBS loans in special servicing declined by 10 basis points to 3% in October, Trepp said Thursday. The decline continues the trend of...

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Huron Maintains West Loop HQ with 134K-SF Renewal
News 2 days ago
Huron Maintains West Loop HQ with 134K-SF Renewal

Colliers International’s David Burden and Michael Marrion represented global professional services firm Huron in its 134,000-square-foot...

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Meridian Team Handles Trade of Free-Market LIC Apartments
News 2 days ago
Meridian Team Handles Trade of Free-Market LIC Apartments

Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, closed on the $47-million sale of 29-28 41st Ave., a...

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MassHousing Provides $15M for Affordable Housing Community in Leominster
News 2 days ago
MassHousing Provides $15M for Affordable Housing Community in Leominster

MassHousing has provided a total of $15 million in affordable housing financing to an affiliate of Farragut Investments Inc. for property...

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CBRE Brokers Sale of 115K-SF Shopping Center in Jacksonville
News 2 days ago
CBRE Brokers Sale of 115K-SF Shopping Center in Jacksonville

CBRE has arranged the sale of Promenade Shopping Center, a 115,000-square-foot shopping center in Jacksonville. The sales price was undisclosed....

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South Loop MXU from Lendlease and Partners Gets a Name
News 2 days ago
South Loop MXU from Lendlease and Partners Gets a Name

Lendlease, along with co-developer The John Buck Company (TJBC) and partner Intercontinental Real Estate Corporation, revealed the name and...

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Redlands Value-Add MF Trades for Nearly $45M
News 2 days ago
Redlands Value-Add MF Trades for Nearly $45M

Citrus Grove Apartment Homes, a 198-unit community in Redlands, CA, traded hands for $44.5 million or $224,747 per-unit. The property at 1230 E....

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Sales Launched at Legacy Hotel & Residences in Downtown Miami
News 2 days ago
Sales Launched at Legacy Hotel & Residences in Downtown Miami

Miami-based real estate developer Royal Palm Companies has officially launched sales for Legacy Hotel & Residences, a mixed-use tower in downtown...

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Savills Adds Project Manager to Detroit Office
News 2 days ago
Savills Adds Project Manager to Detroit Office

Savills appointed Cameron MacKellar as managing director, specializing in project management and based in the firm’s recently opened Detroit office...

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Facebook Signs Hudson Yards Mega-Lease Across 3 Buildings
News 2 days ago
Facebook Signs Hudson Yards Mega-Lease Across 3 Buildings

Facebook will lease more than 1.5 million square feet of office space across 30 floors and three buildings at Hudson Yards. The lease deal includes...

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Pep Boys-Anchored Retail Trades in Humboldt Park
News 2 days ago
Pep Boys-Anchored Retail Trades in Humboldt Park

Marcus & Millichap closed on the sale of Pep Boys Anchored Center | Urban Infill Location, a 15,022-square foot retail property at 4435 W. Grand...

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CA Ventures Holds Grand Opening for Evanston TOD
News 2 days ago
CA Ventures Holds Grand Opening for Evanston TOD

CA Ventures and Focus recently celebrated the grand opening of The LINK Evanston, a nine-story, 241-unit transit-oriented development at 811...

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Plans Announced for $400M MXU Project in Stockbridge
News 2 days ago
Plans Announced for $400M MXU Project in Stockbridge

Atlanta-based real estate firm Jodeco 158 has announced plans for Bridges at Jodeco, a $400 million, master-planned, mixed-use development in...

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Cracks Showing Up in Multifamily Sector
News 2 days ago
Cracks Showing Up in Multifamily Sector

Top real estate, legal and finance industry leaders examined the state of finance and commercial real estate industries as well as overall economic...

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Edgewater Sale Nets Year’s Second Highest Price Per Unit
News 2 days ago
Edgewater Sale Nets Year’s Second Highest Price Per Unit

Interra Realty brokered the sale of 5827 N. Ridge Ave., a four-story, 18-unit rental community in the North Side’s Edgewater neighborhood. The...

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OEI Continues Steady Decline, But Still Up, Year Over Year
News 2 days ago
OEI Continues Steady Decline, But Still Up, Year Over Year

The Odessa Economic Index (OEI) continued its more or less steady decline from July 2019 to August 2019, ending up 267.7. However, according to...

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Legal Issues Could Delay Sale of $350M Union Dallas
News 2 days ago
Legal Issues Could Delay Sale of $350M Union Dallas

In August 2019, RED Development placed Union Dallas, a $350 million, mixed-use high-rise in Dallas’ Uptown submarket, up for sale. Months later,...

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Embrey Partners Begins Building 7600 Broadway
News 2 days ago
Embrey Partners Begins Building 7600 Broadway

Embrey Partners Ltd. launched construction on 7600 Broadway, a mixed-use project near Alamo Heights. The development, which will include 200...

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