LA Addressing the Housing Shortage with ED1 Cover Story | April 11, 2024 Apartment Occupancy Posts First Monthly Increase Since Early 2022 National + Apartments | May 3, 2024 Bipartisan Congressional Caucus Targets Housing Supply, Affordability National + Apartments | May 6, 2024 FEATURED STORY National CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More National Stories More Stories Connect CRE & Industry Events Load MoreMore Events Apartment buildings for saleCheck out the latest properties available on apartmentbuildings.comMOD at Riverwalk IIReno, NVPhoenix & Southwest + Apartment BuildingsListing Status:AvailableListing Type:Call for offersNo. of Units:69Year Built:2022Building Size:79443 Sq ftLot Size:0.787 AcresNo. of Stories:5APN:011-025-10Zoning Code:MD-PDOpportunity Zone:NoLearn MoreTech Village NorthLubbock, TXTexas + Apartment BuildingsListing Status:AvailableListing Type:Highest & best offerPrice:$4,995,000No. of Units:25Average Occupancy:93Year Built:2017Building Size:45000 Sq ftOpportunity Zone:NoPrice per unit:$199,800Learn MoreNICOLLET HOTELSaint Peter, MNChicago & Midwest + Apartment BuildingsListing Status:AvailableListing Type:Call for offersPrice:$2,200,000No. of Units:25Cap Rate:8.04GRM/GIM:8.13Average Occupancy:100Year Built:1872Year Renovated:1998Building Size:24000 Sq ftLot Size:0.24 AcresNo. of Stories:4APN:19-412-3672Zoning Code:CommercialBuildable Sq ft Min:24000 Sq ftBuildable Sq ft Max:24000 Sq ftOpportunity Zone:NoBuy Side Fee:$1Price per unit:$88,000Learn MoreView all apartments Hone your competitive edge today with Connect Classroom, an accredited online Continuing Education provider offering CRE focused courses you can take on demand. Earn the credit you need with engaging, thoughtfully designed courses for commercial real estate brokers, appraisers, lenders, architects, and lawyers from a news source you already know and trust. Courses available now Explore courses Continuing Education Architect Courses We work with the industry's leading subject matter experts to create quality architect CEU courses from the ground up. Continuing Education Attorney Courses We provide quality CLE that is both easy and convenient to complete, backed with the best customer experience possible. Continuing Education Broker Courses Whether you’re starting a new career or skilling up, we have certified online courses for Real Estate Agents and Brokers. Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest Atlanta & Southeast Stories rue21 Closing 39 Georgia Locations Atlanta & Southeast + Georgia + Retail | May 6, 2024 Teen clothing retailer rue21 has once again filed for bankruptcy and will now close all stores. The store, which touts selling “the trendiest clothing at affordable prices,” filed for bankruptcy in 2002 and 2017. The company said it tried to sell off the business, but no buyer would pay more than the retailer would earn by liquidating. There … Swiss Auto Parts Maker to Build $184M Augusta Plant Atlanta & Southeast + Georgia + Industrial | May 6, 2024 Switzerland-based GF Casting Solutions will invest more than $184 million in a new manufacturing facility in Augusta. The project will create 350 new jobs for Richmond County. This is the third announcement out of Augusta-Richmond County in the last two weeks – Syensqo, StandardAero, and now GF Casting Solutions. GF Casting Solutions facility at the Augusta Corporate … Latest Boston & New England Stories Skanska to Renovate Terminal B Garage at Logan Airport Boston & New England + Boston + Hospitality | May 6, 2024 Skanska, a global construction and development firm, has secured a $40 million contract by the Massachusetts Port Authority (Massport) to repair and renovate the 250,000-square-foot Terminal B Garage at Boston Logan International Airport. The project aims to enhance the garage’s functionality and appearance, improving traffic flow, drainage, and lighting. Construction will be carried out while the airport … Steward Health Care Files for Chapter 11 Bankruptcy Boston & New England + Massachusetts + Healthcare | May 6, 2024 Steward Health Care System LLC, the largest private for-profit hospital chain in the United States, has filed for bankruptcy following financial struggles and government scrutiny over hospital closures. The healthcare provider owns dozens of community hospitals, including facilities in Massachusetts, Texas and Florida. The Dallas-based firm sought Chapter 11 protection in the Southern District Court … Connect TeamView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest California Stories Debt Financing, Extensions and the Economy are the Subjects at Connect Los Angeles California + Los Angeles + Finance | May 6, 2024 Connect Los Angeles, which attracted 600 attendees to its one-day conference last week at the InterContinental Hotel in downtown Los Angeles, featured expert opinions from panelist throughout the day, including a panel on Financing With Debt, a panel discussion on the economy and “”Econ vs. the Street: A Look Ahead to a Choppy 2024” with … Mark Wahlberg Bringing Mexican-Themed Dining Concept to Bella Terra California + Orange County + Hospitality | May 6, 2024 Actor Mark Wahlberg is set to unveil Flecha, a casual dining experience, at DJM Capital’s Bella Terra Shopping Center in Huntington Beach. Dubbed “Mexican Redefined,” the dining concept pays homage to culinary traditions while embracing fresh interpretations, according to DJM. “Bella Terra provides the ideal backdrop for this culinary expedition, and we are eager to … Latest Chicago & Midwest Stories Google Breaks Ground on Thompson Center Redevelopment Chicago & Midwest + Downtown + Office | May 6, 2024 Construction got underway Monday at the James R. Thompson Center, which is being redeveloped for Google at 100 W. Randolph St. in downtown Chicago, reported the Chicago Business Journal. The tech giant is co-developing the 1.3-million-square-foot, Helmut Jahn-designed building with Prime | Capri Interests, a joint venture formed when The Prime Group Inc. and Capri … Peak Properties to Manage Andersonville/Uptown Apartments Chicago & Midwest + North Side + Apartments | May 6, 2024 Peak Properties has added Harmony Apartments to its management portfolio. Located in Chicago’s Andersonville / Uptown neighborhood at 4513 N Clark St., the new construction midrise apartment building offers 56 studios, one- and two-bedroom units. “This brand-new building offers a comfortable haven for residents who want top amenities in a dynamic neighborhood and the developers made sure … Latest Florida & Gulf Coast Stories Miami Duo Building Homestead Apartments, Retail Florida & Gulf Coast + South Florida + Apartments | May 6, 2024 The Estate Companies (EIG) and Miami-based commercial builder Midtown Group have acquired a 20.8-acre development site at the southeast corner of Southwest 312th Street/Campbell Drive and Northeast 30th Avenue in Homestead, FL, for $14 million. In September 2023, the team received unanimous site plan approval for Soleste Midtown, a mixed-use community comprising 354 luxury garden-style apartments with … Ground Floor of Wynwood Apartments Sells for $22.5M Florida & Gulf Coast + South Florida + Apartments | May 6, 2024 Property Markets Group (PMG) sold the ground-floor commercial space at the new Society Wynwood apartment complex in Miami for $22.5 million. The S. Florida Business Journal reports that a partnership between local real estate investors Tricera Capital, LNDMRK Development, and Lion Development Group purchased 32,000 square feet of retail space at 2431 N.W. Second Ave. … Latest Global Stories Navigating the CRE Landscape: One Organization is Transforming its Approach National + Global + Industrial | April 23, 2024 Sweeping changes have spread across the globe in unprecedented waves over the last four years, and the ripples have affected all aspects of our world and business. Economies have been revamped, markets have been redefined, and entire industries have been rewritten. Those that didn’t adjust likely got left behind, while entities that anticipated and embraced … Global Office Landlords See Uptick in Lease Renewals National + Global + Office | April 9, 2024 More than 80% of global office landlords are seeing an uptick in lease renewals thanks in part to their emphasis on creating elevated workplace experiences, according to the fifth annual VTS Global Landlord Report. Just 41% of landlords are prioritizing lease-up of vacant space. VTS said 57% of landlords surveyed prioritize the retention of current tenants, with … Latest Lenders Stories Latest National Stories Bipartisan Congressional Caucus Targets Housing Supply, Affordability National + Apartments | May 6, 2024 Industry associations on Monday applauded the establishment of the new Bipartisan Congressional Real Estate Caucus, which will address the lack of housing affordability and inventory nationwide. Reps. Mark Alford (R-MO), J. Luis Correa (D-CA), Tracey Mann (R-KS) and Brittan Pettersen (D-CO) were credited with launching the new initiative. Topping the caucus’ agenda is housing supply. … Net Lease Office Properties Divests Three Assets for $132M National + Net Lease | May 6, 2024 Net Lease Office Properties (NLOP), headquartered in New York City, said it had sold three office properties in March and April for gross proceeds totaling approximately $131.6 million. They included the $62.5-million sale of a Collierville, TN property leased to FedEx Corporate Services; the $36-million divestiture of a Hoffman Estates, IL asset leased to DMG Mori … Latest New York & Tri-State Stories Floor & Decor Leases 129K SF to Open First NYC Location New York & Tri-State + Outer + Retail | May 6, 2024 Madison Capital and Salmar Properties have secured a new tenant to fill the space vacated by Bed Bath & Beyond in Sunset Park, Brooklyn, the New York Business Journal first reported. Floor & Decor, an Atlanta-based retailer, is set to open its first New York City location at 850 Third Avenue, signing a 129,000-square-foot lease. The deal, spanning … Long Island Industrial Leasing Activity Increases in Q1 New York & Tri-State + Long Island + Industrial | May 6, 2024 The industrial and office sectors on Long Island have shown promising trends in the first quarter of 2024, according to a new research report from Colliers. The industrial market saw a significant increase in leasing activity, with a surge of 40.4% compared to the previous quarter, nearly reaching the peak seen in Q2 2023. This strong demand … Latest Phoenix & Southwest Stories Historic Tucson Office Building On the Block Phoenix & Southwest + Arizona + Office | May 6, 2024 The Pioneer Building, one of the first high-rise buildings in Tucson, will go to auction next month. Located at 100 N. Stone Ave., the iconic structure was constructed in 1929. The building, which used to be a hotel, was once the site of Tucson’s biggest tragedy when 29 died as a result of a fire in … Riverside Golf Resort Under Review in Bullhead City Phoenix & Southwest + Arizona + Hospitality | May 6, 2024 Plans for a potential development project that could transform an undeveloped swath of land into a resort/residential community are progressing in Bullhead City. The project, dubbed Emerald Bay, is proposed by developer S3 Group and could include an 18-hole championship course, a nine-hole par-3 course, a 200-key resort hotel and spa, a beach club/marina/racquet club, … Latest Seattle & Northwest Stories AT&T Offices in Redmond Town Center Go Up for Lease Seattle & Northwest + Seattle + Office | May 6, 2024 A Redmond, WA office building that housed an AT&T Inc. corporate office is being marketed for lease, the Puget Sound Business Journal reported. CBRE’s Scott Davis and Scotta Ashcraft have the listing for the 77,000-square-foot property at 7277 164th Ave. NE, which has long been occupied by the telecom giant and is available from February … Burgerville Chain Partners with Investors on Regional Growth Seattle & Northwest + Portland + Retail | May 6, 2024 Regional burger chain Burgerville is partnering with an investors group to help fund expansion, the Vancouver, WA-based company announced. Terms of the partnership weren’t disclosed. The Mears family, founders of the brand in 1961, will remain shareholders. The group of local investors will take an ownership stake. The partnership includes Ed Casey, CEO of Burgerville; … Latest Texas Stories Two Historic Houston Office Buildings Change Hands Texas + Houston-Galveston + Office | May 6, 2024 Two historic downtown Houston landmarks have changed ownership. The Wideman Company bought the 10-story Great Jones Building at 703 Main St and the adjacent 34-story JPMorgan Chase Bank tower at 712 Main and is exploring adding a residential component between the two. Lionstone Investments was the seller. Wideman plans to remodel the complex and add modern … Southlake Developers Kickstart Long-Awaited Project Texas + Dallas-Fort Worth + Hospitality | May 6, 2024 After a number of starts and stops, Southlake’s Carillon Parc is starting to show some life. The developers of the project, okayed by the Southlake City Council in 2008, just finished the first road. First approved for 285 acres, the European-style mixed-use development has been pared back to 42 acres. Developer John Terrell and Westlake-based … Latest Washington DC Stories Portrait Building Relinquished to Lender Washington DC + DC + Office | May 6, 2024 The owner of downtown D.C.’s Portrait Building, a 135,000-square-foot office across G Street NW from the National Portrait Gallery, has relinquished the property to its lender, Washington Business Journal reported. Regency Portrait LLC, an affiliate of Clarion Partners, turned the building over to Oconee Real Estate Holdings VIII – Portrait LLC, an affiliate of Atlanta’s Voya Investment Management LLC. Regency Portrait … Bethesda REIT Buys Two Nashville Hotels for $530M Washington DC + Maryland + | May 6, 2024 Bethesda-based Host Hotels & Resorts Inc. has acquired two connected hotels in downtown Nashville for $530 million in cash. The properties include 1 Hotel Nashville and Embassy Suites by Hilton, Washington Business Journal reported. This marks the company’s first acquisition since November 2022, when it purchased the Four Seasons Resort and Residences in Jackson Hole, Wyoming, for … Latest Stories FromAIMA Appoints Anne-Marie Fink Co-Chair of GIBAlternative Assets | May 6, 2024The Alternative Investment Management Association (AIMA) has named Anne-Marie Fink, CIO of private markets and funds alpha at the State of Wisconsin Investment Board (SWIB), as co-chair of its Global Investor Board. She will serve alongside founding Chair Eduard van Gelderen, SVP and CIO at Canada’s PSP Investments, who also sits on AIMA’s Council. Fink ...$240M Father-Son Team Joins LPL Financial from Ameriprise Broker/Dealers | May 6, 2024LPL Financial LLC announced that financial advisors Mitchell “Mitch” and Wesley “Wes” McCann have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $240 million in advisory, brokerage and retirement plan assets. The team was previously with Ameriprise. With the move, the father and son team launched Guardian Partners Wealth Management, a ...HighVista Hauls In $675M for Fund XAlternative Assets | May 6, 2024HighVista Strategies LLC, an alternative asset manager that invests in public and private markets, closed HighVista Private Equity X LP at an oversubscribed $675 million, including a sizable GP commitment and other affiliated capital. Like its predecessor funds, the fund will invest in a pool of small, privately held companies, typically with enterprise values of ...FusionIQ Unveils Platform for Breakaway AdvisorsFinancial Advisory | May 6, 2024FusionIQ, a cloud-based wealth management solutions digital platform provider, announced the release of FIQ Freedom, the most recent addition to its suite on the FusionIQ One platform. FIQ Freedom is intended to help advisors make smoother transitions from wirehouses to the independent model. “We’re excited to introduce FIQ Freedom, a pioneering solution that redefines the ...
