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Avison Young Completes $68M Off-Market Sale in Rancho Cucamonga
News 1 week ago
Avison Young Completes $68M Off-Market Sale in Rancho Cucamonga
Source Connect Media

Avison Young completed the off-market, $68-million sale of Arte, a 182-unit, luxury apartment community located at 10130 Foothill Blvd. in Rancho...

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Berkshire Residential Divests One Santa Fe in DTLA Arts District
News 1 week ago
Berkshire Residential Divests One Santa Fe in DTLA Arts District
Source Connect Media

Boston-based Berkshire Residential Investments sold One Santa Fe, a 438-unit, mixed-use, core-plus apartment community located in the DTLA Arts...

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1,675-Acre Sunrock Groves Ranch Sold in Southwest Florida
News 1 week ago
1,675-Acre Sunrock Groves Ranch Sold in Southwest Florida
Source Connect Media

Sunrock Groves Ranch in Hendry County, FL has traded hands for $14,154,115. The 1,675-acre property, located in LaBelle, is a large citrus grove,...

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Oregon Receives Federal Disaster Declaration
News 1 week ago
Oregon Receives Federal Disaster Declaration
Source Connect Media

A federal disaster declaration was approved for the state of Oregon by President Donald Trump. The order, retroactive to Jan. 20, clears the way...

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Broadshore Buys Jacksonville Value-Add Apartment Property for $37M
News 1 week ago
Broadshore Buys Jacksonville Value-Add Apartment Property for $37M
Source Connect Media

Los Angeles-based Broadshore Capital Partners acquired Victoria at Orange Park in Jacksonville for $37.1 million. The apartment community offers...

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Silverdale Apartment Asset Sells for $16.2M
News 1 week ago
Silverdale Apartment Asset Sells for $16.2M
Source Connect Media

Kidder Mathews’ multifamily investment team closed the sale of Inlet View Apartments in Silverdale, WA, in Kitsap County. The property, at 9860...

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Eastern Union Unveils Free App to Underwrite Deals Remotely
News 1 week ago
Eastern Union Unveils Free App to Underwrite Deals Remotely
Source Connect Media

With COVID-19 rewriting the rules on transacting business, Eastern Union has rolled out a free app to help buyers, lenders and brokers underwrite...

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Tech Manufacturer Takes 400K SF in West Phoenix
News 1 week ago
Tech Manufacturer Takes 400K SF in West Phoenix
Source Connect Media

ABB Inc. signed a lease for 400,000 square feet of industrial space in Phoenix’s far west side. The site at 79th Avenue and Buckeye Road will serve...

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Pacific Star Submits Plans for Former GSA Site in Southwest D.C.
News 1 week ago
Pacific Star Submits Plans for Former GSA Site in Southwest D.C.
Source Connect Media

Nearly a year after acquiring a 0.59-acre parcel at 280 12th St. SW in Southwest Washington D.C. from the General Services Administration (GSA),...

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Jackson Dearborn Hires Director of Acquisitions
News 1 week ago
Jackson Dearborn Hires Director of Acquisitions
Source Connect Media

Jackson Dearborn Partners (JDP), a real estate investment and development company based in Chicago, hired Todd Giampetroni as director of...

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Green Street: Buy-and-Hold Investors Can Find High-5% Total Returns
News 1 week ago
Green Street: Buy-and-Hold Investors Can Find High-5% Total Returns
Source Connect Media

With the COVID-19 pandemic giving rise to financial forecasts that include curtailed economic expectations and greater odds of a negative tail...

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Tribeca Offices Change Hands; Home to Shinola Flagship
News 1 week ago
Tribeca Offices Change Hands; Home to Shinola Flagship
Source Connect Media

Avison Young’s Tri-State Investment Sales arranged the $16.75-million sale of a seven-story boutique office building at 177 Franklin St. in Lower...

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Cuomo Orders Shutdown of Non-Essential Construction
News 1 week ago
Cuomo Orders Shutdown of Non-Essential Construction
Source Connect Media

Gov. Andrew Cuomo on Friday ordered a temporary shutdown of non-essential construction across New York State. Work may proceed on infrastructure...

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DART Reaches Milestone on Plan for Downtown Dallas Subway
News 1 week ago
DART Reaches Milestone on Plan for Downtown Dallas Subway
Source Connect Media

Dallas Area Rapid Transit (DART) said its plan to build the D2 subway through downtown Dallas has reached an important milestone, with 20%...

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Army Corps Will Turn McCormick Place into Makeshift Hospital
News 1 week ago
Army Corps Will Turn McCormick Place into Makeshift Hospital
Source Connect Media

McCormick Place, the nation’s largest convention facility, will be turned into a makeshift hospital to treat COVID-19 victims, the Army Corp of...

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Belvoir Makes Office Deal in Memorial Villages
News 1 week ago
Belvoir Makes Office Deal in Memorial Villages
Source Connect Media

Belvoir Real Estate Group recently completed the purchase of 7660 Woodway Dr., a 110,529-square-foot Class B office building in Houston’s Memorial...

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Hartford Retail Ground Lease Secures $15M Loan
News 1 week ago
Hartford Retail Ground Lease Secures $15M Loan
Source Connect Media

New York City-based ABS Altman Warwick closed on a $15,250,000 permanent loan secured by Charter Oak Marketplace, a 309,800-square-foot Walmart...

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Broadmark Realty Capital Launches Private REIT
News 1 week ago
Broadmark Realty Capital Launches Private REIT
Source Connect Media

Seattle-based Broadmark Realty Capital Inc. launched Broadmark Private REIT, LLC, which will offer qualified purchasers the ability to participate...

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TMG Partners Acquires The Quad in Santa Clara from JP Morgan
News 1 week ago
TMG Partners Acquires The Quad in Santa Clara from JP Morgan
Source Connect Media

San Francisco Bay Area-based TMG Partners closed on a deal for The Quad in Santa Clara. The seven-building, 410,106-square-foot office campus at...

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County Board Okays Apartments at Rosslyn Marriott Site
News 1 week ago
County Board Okays Apartments at Rosslyn Marriott Site
Source Connect Media

The aging Key Bridge Marriott hotel at 1401 Lee Hwy. in Rosslyn, VA will be partially demolished and renovated, and three new residential buildings...

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Port, NWSA Provide Terminal Space to Support U.S. Army Field Hospital
News 1 week ago
Port, NWSA Provide Terminal Space to Support U.S. Army Field Hospital
Source Connect Media

The Port of Seattle and The Northwest Seaport Alliance (NWSA) will make sections of Terminal 46 available for trailers, container equipment and...

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Public Storage Snags Portfolio in NYC, Boston Metros
News 1 week ago
Public Storage Snags Portfolio in NYC, Boston Metros
Source Connect Media

JLL Capital Markets closed the sale of a portfolio of three Class A self-storage properties totaling 3,596 units in the greater New York City and...

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Google Pledges $800M to COVID-19 Relief, Support Efforts
News 1 week ago
Google Pledges $800M to COVID-19 Relief, Support Efforts
Source Connect Media

Google plans to contribute a donation package valued at $800 million that is earmarked for a range of charities and support initiatives to help...

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AdhereRx to Open New High-Tech Pharmacy in PHX
News 1 week ago
AdhereRx to Open New High-Tech Pharmacy in PHX
Source Connect Media

North Carolina-based AdhereRx is opening a new 18,000-square-foot facility in Phoenix at 1343 N. Colorado St. The new site will enable the...

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Arizona’s Employment Increased by 79K Jobs Year-Over-Year
News 1 week ago
Arizona’s Employment Increased by 79K Jobs Year-Over-Year
Source Connect Media

The Arizona seasonally-adjusted unemployment rate remained at 4.5% in February 2020, the same as January 2020. A report from the state’s Office of...

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Strategic Storage Snags 970-Unit Self-Storage Facility Near Miami
News 1 week ago
Strategic Storage Snags 970-Unit Self-Storage Facility Near Miami
Source Connect Media

Strategic Storage Growth Trust II, Inc. acquired a recently-completed 970-unit self-storage facility in Homestead. Located at 1235 Northeast 12th...

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Cushman & Wakefield Adds Five-Member MF Investment Sales Team in Florida
News 1 week ago
Cushman & Wakefield Adds Five-Member MF Investment Sales Team in Florida
Source Connect Media

Cushman & Wakefield added a five-member investment sales team to its Florida Multifamily Group. Led by industry veterans Denny St. Romain and...

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COVID-19’s Impact on Property Sales Will Show Up Next Quarter
News 2 weeks ago
COVID-19’s Impact on Property Sales Will Show Up Next Quarter
Source Connect Media

Some acquisitions and dispositions of considerable size have been reported in Connect Media’s daily news since the spread of the coronavirus across...

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Blackstone and Prologis Have Warehouse Space Sewn Up
News 2 weeks ago
Blackstone and Prologis Have Warehouse Space Sewn Up
Source Connect Media

At an extraordinary time when online demand for household staples has Amazon’s fulfillment centers so busy that the company has temporarily limited...

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What’s in the $2T Relief Bill for CRE?
News 2 weeks ago
What’s in the $2T Relief Bill for CRE?
Source Connect Media

There’s a great deal for the commercial real estate industry to unpack in the nearly $2-trillion emergency stimulus package to confront the...

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