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Norwood Site Assemblage Trades to Nonprofit
News 2 days ago
Norwood Site Assemblage Trades to Nonprofit
Source Connect Media

Cushman & Wakefield finalized the sale of 3095-3101 Webster Ave., a 66,500-square-foot development site in the Bronx’s Norwood neighborhood. Buyer...

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NYC Sharpens Focus on Built Environment Investment
News 2 days ago
NYC Sharpens Focus on Built Environment Investment
Source Connect Media

As part of what the New York Building Congress called “an unprecedented budget,” the City Council increased the capital spending allocation over...

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Hunt Provides $32M Acquisition Loan for Lake Worth MF Property
News 2 days ago
Hunt Provides $32M Acquisition Loan for Lake Worth MF Property
Source Connect Media

Hunt Real Estate Capital has provided a $31.9 million acquisition loan for Savona Grand, a 214-unit multifamily property in Lake Worth. Located at...

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San Gabriel Valley CRE Market Matures; Remains SoCal’s Cost-Efficient Alternative
News 2 days ago
San Gabriel Valley CRE Market Matures; Remains SoCal’s Cost-Efficient Alternative
Source Connect Media

By Dennis Kaiser JLL recently hired a pair of Los Angeles-area industrial experts, Rustin Mork and Danny Reaume (pictured above), as Senior Vice...

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News 2 days ago
Fulton Market’s First Branded Hotel Lands $61M Refi
Source Connect Media

JLL arranged a $61-million refinancing for Hyatt House Fulton Market, a 200-key, newly-constructed hotel in the Fulton Market District. The loan...

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New Ordinance Could Raise the Bar for Deconversion Deals
News 2 days ago
New Ordinance Could Raise the Bar for Deconversion Deals
Source Connect Media

With the condominium deconversion trend across Chicago showing little evidence of waning, investors who buy up residential condos in bulk may soon...

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Seagis Adds to Outer Borough Industrial Holdings
News 2 days ago
Seagis Adds to Outer Borough Industrial Holdings
Source Connect Media

Seagis Property Group made two industrial acquisitions totaling 101,340 square feet in Brooklyn and Queens. Pricing wasn’t disclosed. The larger of...

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REBNY Will Honor 7 at 124th Annual Banquet
News 2 days ago
REBNY Will Honor 7 at 124th Annual Banquet
Source Connect Media

The Real Estate Board of New York (REBNY) will honor seven distinguished real estate professionals, including the late Héctor Figueroa, with awards...

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West Shore Broadens Bryan Footprint, Acquires 261-Unit Broadstone Traditions
News 2 days ago
West Shore Broadens Bryan Footprint, Acquires 261-Unit Broadstone Traditions
Source Connect Media

West Shore LLC boosted its presence in Bryan, TX, acquiring the 261-unit Broadstone Traditions from Alliance Residential Co. The complex is...

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Newcastle Divests San Francisco Asset for $27M
News 2 days ago
Newcastle Divests San Francisco Asset for $27M
Source Connect Media

San Francisco-based Newcastle Partners, Inc. and JV partner New York-based Drake Real Estate Partners sold 900 Kearny St., a 30,000-square-foot,...

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Lee Handles North San Diego County Industrial Sale
News 2 days ago
Lee Handles North San Diego County Industrial Sale
Source Connect Media

Lee & Associates completed the $9.25-million sale of 1320 Grand Ave. in San Marcos. The investment property features 52,250 square feet divided...

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Alcott Capital Snags Metro Atlanta MF Property for $23M
News 2 days ago
Alcott Capital Snags Metro Atlanta MF Property for $23M
Source Connect Media

Alcott Capital has acquired Shamrock Gardens, a 344-unit multifamily community in Atlanta for $23.4 million. Built in 1967, the community consists...

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ProLogis Inks Amazon, Home Depot at Seattle Vertical Distribution Facility
News 2 days ago
ProLogis Inks Amazon, Home Depot at Seattle Vertical Distribution Facility
Source Connect Media

Amazon is reportedly taking roughly 500,000 square feet, and Home Depot Inc. has committed to lease nearly 100,000 square feet at Prologis’...

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NewcrestImage Starts Construction on 81K-SF Office for Silverlake Crossings
News 2 days ago
NewcrestImage Starts Construction on 81K-SF Office for Silverlake Crossings
Source Connect Media

Hotel developer NewcrestImage has embarked on a new project, an 80,806-square-foot, four floor office building in Grapevine, TX’s Silverlake...

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Restauranteur Luby’s Mulling Strategies to “Right-Size its Corporate Overhead”
News 2 days ago
Restauranteur Luby’s Mulling Strategies to “Right-Size its Corporate Overhead”
Source Connect Media

Luby’s Inc., the national restaurant chain owner and operator, formed a new Board Special Committee to take measures to “right-size its corporate...

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$27M in Financing Arranged for Texas Assisted Living Facilities
News 2 days ago
$27M in Financing Arranged for Texas Assisted Living Facilities
Source Connect Media

CIT Group Inc. arranged a $27.2 million loan for two assisted-living facilities in South and Central Texas. The borrower, a joint venture between...

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$67M Secured for Everett Waterfront MF Development
News 2 days ago
$67M Secured for Everett Waterfront MF Development
Source Connect Media

A $66.8 million construction loan has been arranged for the development of Waterfront Place Apartments, a four-story, mid-rise 266-unit community...

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$80M in Loans Closed on Affordable Housing
News 2 days ago
$80M in Loans Closed on Affordable Housing
Source Connect Media

Bellwether Enterprise Real Estate Capital LLC closed three loans, totaling $79.9 million, on three affordable housing complexes in Austin and Port...

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Hedge Fund Posts Negative Returns in August, Still Up YTD
News 2 days ago
Hedge Fund Posts Negative Returns in August, Still Up YTD
Source Connect Media

The hedge fund industry posted negative returns in August 2019, dropping 0.78%, according to the Barclay Hedge Fund Index. Though down during the...

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Apartment Industry Contributes $3.4T to National Economy
News 2 days ago
Apartment Industry Contributes $3.4T to National Economy
Source Connect Media

It’s well-known in the real estate industry that the multifamily sector has been very active during the current economic cycle. And now, a Hoyt...

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How Parcel Lockers Can Improve Last-Mile Delivery
News 2 days ago
How Parcel Lockers Can Improve Last-Mile Delivery
Source Connect Media

In 2019, more people than ever are shopping online, making efficient delivery to homes and offices more challenging than ever. One solution is...

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Greystar Hires Clarkson as Managing Director of Development
News 2 days ago
Greystar Hires Clarkson as Managing Director of Development
Source Connect Media

John Clarkson Charleston, SC-based real estate company Greystar has hired John Clarkson as Managing Director of Development. Clarkson will be...

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TD Bank to Award Nearly $4M in Affordable Housing Grants
News 2 days ago
TD Bank to Award Nearly $4M in Affordable Housing Grants
Source Connect Media

TD Bank’s charitable giving arm, the TD Charitable Foundation, has announced plans to award $3.7 million in grants to organizations dedicated to...

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This coffee cup can be reused 132 times. Here’s how to try one
News 2 days ago
This coffee cup can be reused 132 times. Here’s how to try one

Award-winning architect Safia Qureshi-who spent most of her career designing luxury apartments and high-end spaces like private gyms-decided to...

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Quonset Business Park’s success is a team effort - by Steven King
News 2 days ago
Quonset Business Park’s success is a team effort - by Steven King

The Quonset Business Park has been the leading engine of the Rhode Island's economic growth and job creation for years and continues to grow and...

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RGB Architects promotes Barkley, Donnelly and Iacobucci
News 2 days ago
RGB Architects promotes Barkley, Donnelly and Iacobucci

Providence, RI RGB Architects has promoted Andrew Barkley, Tracey Donnelly and Jason Iacobucci in its firm. Barkley, Associate AIA, LEED AP, ALEP,...

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S&P Global affirms AA rating for city and assigns stable outlook - by Joseph Solomon
News 2 days ago
S&P Global affirms AA rating for city and assigns stable outlook - by Joseph Solomon

In connection with the city's planned $6.185 million school bond issue for renovations and improvements to schools and school facilities, S&P...

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Developer eyes former Memorial Hospital site - by Donald Grebien
News 2 days ago
Developer eyes former Memorial Hospital site - by Donald Grebien

The city of Pawtucket has some great opportunities with the commuter rail - Transit Oriented Development District (TOD) scheduled for 2021, and...

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Pare Corporation promotes DeCosta, Thies, Rongione, McCoy, Lopes, Prasad and Shanks
News 2 days ago
Pare Corporation promotes DeCosta, Thies, Rongione, McCoy, Lopes, Prasad and Shanks

Lincoln, RI Pare Corporation, a leading multi-disciplinary engineering and planning firm, has promoted seven. Each of these individuals exemplifies...

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McCurdy promoted to vice president of finance at Gilbane Development Company
News 2 days ago
McCurdy promoted to vice president of finance at Gilbane Development Company

Providence, RI According to Gilbane Development Company, the real estate development, financing, and ownership arm of Gilbane, Inc., Jim McCurdy...

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