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Richmond Development Site Trades for $4M
News 1 week ago
Richmond Development Site Trades for $4M
Source Connect Media

Cushman & Wakefield | Thalhimer has arranged the $3.8 million sale of a five-acre development site in Richmond. Temple Beth El sold the land to...

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NMHC Calls for Direct Financial Assistance to Renters Due to COVID-19
News 1 week ago
NMHC Calls for Direct Financial Assistance to Renters Due to COVID-19
Source Connect Media

The National Multifamily Housing Council has called for the federal government to provide short-term financial assistance to renters facing layoffs...

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CushWake Adds Carswell and Ross to Tampa Industrial Team
News 1 week ago
CushWake Adds Carswell and Ross to Tampa Industrial Team
Source Connect Media

Cushman & Wakefield has expanded its industrial services team with the addition of Trey Carswell and Lisa Ross in Tampa. The duo bring more than 40...

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Blueturn Acquires Microtel Inn & Suites Zephyrhills for $4M
News 1 week ago
Blueturn Acquires Microtel Inn & Suites Zephyrhills for $4M
Source Connect Media

Blueturn LLC has acquired the Microtel Inn & Suites by Wyndham – Zephyrhills for $4 million. Dennis Hopper and Randy Taylor of national hotel...

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Life Companies’ CRE Returns Slide in Q4
News 1 week ago
Life Companies’ CRE Returns Slide in Q4
Source Connect Media

Trepp’s LifeComps Index, which benchmarks commercial mortgage investments held by life insurance companies, posted a 0.55% total return in the...

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Q&A: Centennial Bank’s Stewart Talks Super Bowl LV in Tampa
News 1 week ago
Q&A: Centennial Bank’s Stewart Talks Super Bowl LV in Tampa
Source Connect Media

With the string of recent sporting event cancellations across the U.S. due to COVID-19, we turn an eye toward next year’s Super Bowl LV in Tampa...

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COVID-19 Emergency Causes ICSC to Postpone RECon
News 1 week ago
COVID-19 Emergency Causes ICSC to Postpone RECon
Source Connect Media

ICSC postponed RECon, the retail industry’s key conference that was scheduled for May 17 to 19 in Las Vegas, and attracts nearly 40,000 attendees....

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Fed Cuts Interest Rate to Near Zero
News 1 week ago
Fed Cuts Interest Rate to Near Zero
Source Connect Media

The Federal Reserve on Sunday cut the federal funds rate to near zero in an emergency move in response to the coronavirus outbreak. The Fed also...

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Marelli Leases Former Federal Mogul Space for North American HQ
News 1 week ago
Marelli Leases Former Federal Mogul Space for North American HQ
Source Connect Media

Automotive supplier Marelli signed a multi-year lease to relocate its North American headquarters to Southfield, MI. The company will occupy nearly...

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Pritzker Orders IL Bars, Restaurants Closed to Dine-In Customers
News 1 week ago
Pritzker Orders IL Bars, Restaurants Closed to Dine-In Customers
Source Connect Media

Illinois Gov. JB Pritzker on Sunday ordered all bars and restaurants statewide to close for two weeks as of the end of the business day Monday. The...

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Chapman's Economists Predict $540B COVID-19 Cost
News 1 week ago
Chapman's Economists Predict $540B COVID-19 Cost
Source Connect Media

According to a forecast appearing in this week’s Orange County Business Journal, the coronavirus will cost the American economy about $540 billion,...

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Savills Finalizes Deal for Project Management Firm
News 1 week ago
Savills Finalizes Deal for Project Management Firm
Source Connect Media

Savills has completed its acquisition of Macro Consultants LLC, a project management firm with offices in Midtown Manhattan, Los Angeles, Denver,...

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NY Life Acquires 630 K Street Office Asset for $28M
News 1 week ago
NY Life Acquires 630 K Street Office Asset for $28M
Source Connect Media

New York Life Real Estate Investments (NYL), on behalf of an institutional client, has acquired an 87,140-square-foot office building in downtown...

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3PL Weber Logistics Signs for 353K SF in Jurupa Valley
News 1 week ago
3PL Weber Logistics Signs for 353K SF in Jurupa Valley
Source Connect Media

Third-party logistics provider (3pl) Weber Logistics has added a 353,361-square-foot distribution center (DC) located at 11296 Harrell St. in...

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Lee IL Arranges Industrial Deals in Elk Grove Village
News 1 week ago
Lee IL Arranges Industrial Deals in Elk Grove Village
Source Connect Media

Lee & Associates recently closed two industrial transactions in Elk Grove Village, IL. The first was the sale of a 24,350-square-foot industrial...

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SD’s Tower 16 Hits LV Jackpot with $35M Multifamily Sale
News 1 week ago
SD’s Tower 16 Hits LV Jackpot with $35M Multifamily Sale
Source Connect Media

San Diego-based Tower 16 Capital Partners has successfully sold Altura on Duneville for $35 million, a 228-unit repositioned Las Vegas apartment...

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NHPF Reopens Historic Mark Twain SRO
News 1 week ago
NHPF Reopens Historic Mark Twain SRO
Source Connect Media

City officials joined with the NHP Foundation (NHPF) recently to reopen the renovated and restored Mark Twain. The historic property is among the...

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Major Manhattan Deals Push Ahead Amid Coronavirus Concerns
News 1 week ago
Major Manhattan Deals Push Ahead Amid Coronavirus Concerns
Source Connect Media

Some major investors are brushing aside mounting concerns about the economic fallout from the coronavirus, and pushing ahead with sizable...

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Colliers Team Arranges Permanent Loan on Middleborough Apartments
News 1 week ago
Colliers Team Arranges Permanent Loan on Middleborough Apartments
Source Connect Media

Colliers International said EVP Jeff Black and AVPs Sean Burke and Bryan Koop of its Capital Markets team recently arranged $48 million in...

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IREM Chicago Recognizes Excellence with Annual Awards
News 1 week ago
IREM Chicago Recognizes Excellence with Annual Awards
Source Connect Media

Two companies and four individuals were recognized for excellence and outstanding contributions to the property management industry March 6 during...

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CushWake’s Townes Arranges Leases in LIC, LI, NJ
News 1 week ago
CushWake’s Townes Arranges Leases in LIC, LI, NJ
Source Connect Media

Cushman & Wakefield recently arranged five new leases for Phenix Salon Suites in New Jersey and New York, totaling approximately 47,000 square feet...

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Jersey City Offices Sell to Thor Equities for $95M
News 1 week ago
Jersey City Offices Sell to Thor Equities for $95M
Source Connect Media

JLL completed the $94.5-million sale of 95 Greene St., a 337,888-square-foot commercial building in Jersey City, to Thor Equities Group. A team of...

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Penn National Suspends Ops at Midwestern Casinos for 2 Weeks
News 1 week ago
Penn National Suspends Ops at Midwestern Casinos for 2 Weeks
Source Connect Media

Amid coronavirus concerns, Penn National Gaming said Friday it would temporarily suspend operations at its casinos in Illinois, Indiana and Ohio....

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Ariel Tapped to Sell Commercial Condos in South Bronx
News 1 week ago
Ariel Tapped to Sell Commercial Condos in South Bronx
Source Connect Media

Ariel Property Advisors has been retained to sell 950 Westchester Ave., a block-through commercial condominium property in the Longwood section of...

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REBNY Cancels or Postpones All March Events
News 1 week ago
REBNY Cancels or Postpones All March Events
Source Connect Media

The Real Estate Board of New York (REBNY) has postponed all events for the remainder of this month, including the Annual Members’ Luncheon...

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Revised Fenway Center Plan Gets the Nod from BPDA
News 1 week ago
Revised Fenway Center Plan Gets the Nod from BPDA
Source Connect Media

IQHQ Inc. said Friday that its Fenway Center PDA amendment has been unanimously approved by the Boston Planning & Development Agency (BPDA). The...

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Origin Buys Stabilized Multifamily Build in West Loop
News 1 week ago
Origin Buys Stabilized Multifamily Build in West Loop
Source Connect Media

Origin Investments acquired Monroe Aberdeen Place, a 120-unit apartment building in the West Loop, for $65.8 million. The seller and original...

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Altisource Portfolio Opens in El Paso, Plans 250 Hires
News 1 week ago
Altisource Portfolio Opens in El Paso, Plans 250 Hires
Source Connect Media

Altisource Portfolio Solutions U.S. subsidiary, currently in a temporary space in downtown El Paso, will open operations in a 30,000-square-foot...

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Lynd Acquisitions Group Pays $150M; Adds 1,059 Units to Portfolio
News 1 week ago
Lynd Acquisitions Group Pays $150M; Adds 1,059 Units to Portfolio
Source Connect Media

Lynd Acquisitions Group (LAG), an affiliated acquisition company of the LYND national multifamily management firm, acquired a portfolio of three...

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Harsch Adjusts Assignments for Seven in Seattle, Portland
News 1 week ago
Harsch Adjusts Assignments for Seven in Seattle, Portland
Source Connect Media

Portland-based Harsch Investment Properties plans new leadership assignments for several key team members. The changes involve seven people in both...

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