by Kipp Gillian | Dec 29, 2023 | A Quick Word - Kipp Gillian, Employment
2024 The year we hold our breath. The last couple of years we’ve felt like been tumbling down one stair case after another. Hoping, after reaching the bottom of each flight “this has to be the bottom” but it just keeps going and going. Sure, some...
by Kipp Gillian | Apr 17, 2024 | Affordable Housing
CIM Group has opened The Jayne, a 69-unit, six-story apartment building with six units designated as affordable and approximately 5,453 square feet of ground-floor retail. It’s located at 2555 S. Mansfield Ave. in the West Adams neighborhood of Los Angeles. The...
by Kipp Gillian | Apr 17, 2024 | Affordable Housing
ICON National, a general contractor specializing in renovation of affordable multifamily and senior housing communities, has completed 450 units of affordable living in California in light of the state’s Homekey initiative. The statewide effort aims to expand...
by Kipp Gillian | Apr 17, 2024 | Hotel
Jack Resnick & Sons announced Argentine steakhouse Baires Grill’s Lower Manhattan debut at 200 Chambers Street, a condo tower they developed in 2007. Opening in December, the restaurant will span 8,450 square feet along West Street under a 20-year lease....
by Kipp Gillian | Apr 17, 2024 | Office
GFP Real Estate, LLC has announced two lease extensions at 209 West 38th St., totaling 2,769 square feet in the Garment District. Denmark’s MOLO secured 1,869 square feet for showroom and office space on the tenth floor. Fab Asia International extended its 900...
by Kipp Gillian | Apr 17, 2024 | Office
At the Association for a Better New York’s (ABNY) Power Breakfast, Mayor Eric Adams revealed plans for an office tower at 350 Park Avenue in Midtown. Spearheaded by Vornado Realty Trust, Kenneth Griffin, and Rudin, the project encompasses 1.8 million square feet of...
by Kipp Gillian | Apr 17, 2024 | Office
JLL has been selected as the leasing agent for 101 and 103 John F. Kennedy Pkwy., two Class A office properties in Short Hills, New Jersey. A JLL team led by Dan Ligorner, Tim Greiner and Mike Pietrowicz will lead the marketing efforts for both properties. ...
by Kipp Gillian | Apr 17, 2024 | Affordable Housing
The Healey-Driscoll Administration and MassHousing have announced $6.9 million in Neighborhood Stabilization Program grants to 10 community-based organizations. These funds will support the redevelopment or rehabilitation of 37 affordable homes, including 23 new...
by Kipp Gillian | Apr 17, 2024 | Multifamily
The Healey-Driscoll Administration and MassHousing have announced $6.9 million in Neighborhood Stabilization Program grants to 10 community-based organizations. These funds will support the redevelopment or rehabilitation of 37 affordable homes, including 23 new...
by Kipp Gillian | Apr 17, 2024 | Hotel
CBRE has facilitated the sale of two hotel properties in White River Junction, VT, to Giri Hotel Management LLC from Larkin Family Partnership for $19 million. The Holiday Inn Express & Suites and White River Inn & Suites were marketed and negotiated by...
by Kipp Gillian | Apr 17, 2024 | Office
Kidder Mathews secured a long-term lease for Commencement Bank at 1313 Broadway in downtown Tacoma. The bank will relocate to the approximately 18,000-square-foot space from its current headquarters at 1102 Commerce St. in early 2025. Brokers Will Frame, Drew...
by Kipp Gillian | Apr 17, 2024 | Industrial
Lincoln Property Company has secured 561,742 square feet in pre-leases at the 1,585,440-square-foot Windsor Commerce Park in North Las Vegas. The commitments bring the company’s first-ever ground-up industrial endeavor in the state of Nevada to more than 35%...
by Kipp Gillian | Apr 17, 2024 | Multifamily
After nearly four years of redevelopment planning and 140 years of ownership of the property, AC Development is ready to get moving on Clayworks, a $900 million project in Golden, Colorado. This five-block district will feature office spaces, including the new global...
by Kipp Gillian | Apr 17, 2024 | Hotel
After nearly four years of redevelopment planning and 140 years of ownership of the property, AC Development is ready to get moving on Clayworks, a $900 million project in Golden, Colorado. This five-block district will feature office spaces, including the new global...
by Kipp Gillian | Apr 17, 2024 | Office
After nearly four years of redevelopment planning and 140 years of ownership of the property, AC Development is ready to get moving on Clayworks, a $900 million project in Golden, Colorado. This five-block district will feature office spaces, including the new global...
by Kipp Gillian | Apr 17, 2024 | California Real Estate
The Anaheim City Council unanimously approved Disneyland’s multibillion-dollar expansion plan early Wednesday, the Los Angeles Times reported. The 7-0 vote enables the theme park to build new attractions, shops and restaurants within its current properties while...
by Kipp Gillian | Apr 17, 2024 | Hotel
The Anaheim City Council unanimously approved Disneyland’s multibillion-dollar expansion plan early Wednesday, the Los Angeles Times reported. The 7-0 vote enables the theme park to build new attractions, shops and restaurants within its current properties while...
by Kipp Gillian | Apr 17, 2024 | Office
OM Properties is constructing a 50,700-square-foot mixed-use office, retail and flex development at 3701 West State Highway 29 in Georgetown. The development is part of “The Preserve,” a multi-phase project that started in December 2023. The Austin branch of...
by Kipp Gillian | Apr 17, 2024 | Multifamily
Mixed-use development powerhouse Trademark Property Company is planning another Fort Worth project: a seven-story apartment complex beside the Trinity River near its Westbend development. Trademark has had the 3.5-acre site for eight years. Westbend South will be over...
by Kipp Gillian | Apr 17, 2024 | Hotel
Bruce Smith Enterprise and The Cordish Companies have proposed a $1.4 billion Live! Gaming & Entertainment District in Petersburg, VA. This project, anchored by Live! Casino & Hotel Virginia, aims to create and preserve affordable homes and generate economic...
by Kipp Gillian | Apr 17, 2024 | Affordable Housing
JBG SMITH announced today that its Impact Pool, an affordable housing investment platform, has surpassed its goal by creating and preserving over 3,000 units of quality workforce housing across the Washington region since 2020. Spearheaded by AJ Jackson, EVP of Social...
by Kipp Gillian | Apr 17, 2024 | Multifamily
JBG SMITH announced today that its Impact Pool, an affordable housing investment platform, has surpassed its goal by creating and preserving over 3,000 units of quality workforce housing across the Washington region since 2020. Spearheaded by AJ Jackson, EVP of Social...
by Kipp Gillian | Apr 17, 2024 | Office
Fort Worth’s Burnett Plaza tower could face foreclosure after its lender, Pinnacle Bank, filed to foreclose. The current owner, Opal Holdings, has defaulted on a $13 million loan. An affiliate of Opal Holdings purchased the building in 2021 for $137 million. The...
by Kipp Gillian | Apr 17, 2024 | Office
It’s a relatively new office concept…work clubs. Switchyards is an idea that came out of the effect Covid had on office use. Switchyards operates a chain of neighborhood work clubs. The clubs are open 24 hours a day, offering unlimited coffee and tea. They...
by Kipp Gillian | Apr 17, 2024 | Hotel
A website promoting FutureVerse says visitors will be transported into immersive exhibits connected to the next generation of VR, AI, and Augmented Reality. The team behind the proposed $100 million museum has scouted sites near downtown’s mix of entertainment...
by Kipp Gillian | Apr 17, 2024 | Industrial
Elion Partners sold the Boynton Logistics Center for $36.5 million. Venture One Real Estate bought the nearly 200,000-square-foot industrial park. The “last-mile” business park is made of three buildings. The property last sold in 2020 for $25.85 million....
by Kipp Gillian | Apr 17, 2024 | Office
Black Lion purchased The Lincoln in Miami for $62.5 million and plans to invest an additional $50 million in improvements. Rebranding it ‘Rivani,’ Black Lion will offer amenities such as a concierge, spa, meditation room, fitness center, salon, cafe,...
by Kipp Gillian | Apr 16, 2024 | Affordable Housing
Mayor Brandon Johnson and World Business Chicago Vice-Chair Charles Smith announced that Philip B. Clement has been selected to serve as president and CEO of World Business Chicago (WBC). “Philip B. Clement is an exceptional leader with a remarkable track record...
by Kipp Gillian | Apr 16, 2024 | Office
Mayor Brandon Johnson and World Business Chicago Vice-Chair Charles Smith announced that Philip B. Clement has been selected to serve as president and CEO of World Business Chicago (WBC). “Philip B. Clement is an exceptional leader with a remarkable track record...
by Kipp Gillian | Apr 16, 2024 | Industrial
Cushman & Wakefield was selected by IBT Group, LLC., in partnership with Mansueto Office, Inc., to lease and manage The Terminal, a three-building, 235,000-square-foot research facility in Chicago. Cushman & Wakefield’s Karoline Eigel, Steve Milenkov and...
by Kipp Gillian | Apr 16, 2024 | Affordable Housing
Stream Realty Partners, a national commercial real estate firm, has closed the sale of the 400 South Jefferson building in Chicago’s West Loop submarket. The 247,000-square-foot, eight-story mid-rise structure, strategically located at Jefferson Street and Van Buren...
by Kipp Gillian | Apr 16, 2024 | Multifamily
Daniel Management Group (DMG), a Chicago-based real estate firm focused on multifamily investment and management, has been awarded management of Aloft at the Glen Town Center in Glenview, Illinois. “Aloft at the Glen Town Center is an ideal addition to DMG’s...
by Kipp Gillian | Apr 16, 2024 | Hotel
The producers of Bumbershoot Arts & Music Festival have unveiled plans for Cannonball Arts, a new music and arts venue in downtown Seattle. New Rising Sun partnered with the Muckleshoot Indian Tribe to transform the space at 1930 3rd Avenue, formerly a Bed Bath...
by Kipp Gillian | Apr 16, 2024 | California Real Estate
Marcus & Millichap Capital Corporation (MMCC) arranged $10,000,000 for the refinancing of the Orange Terrace Apartments, a 72-unit multifamily property located at 698 Orange Ave. in Long Beach. Zack Metzner, Daizy Gomez and Linsey Farrahi of MMCC’s...
by Kipp Gillian | Apr 16, 2024 | Multifamily
Shopoff Realty Investments said Tuesday it had pre-sold more than 70% of its luxury condominium project, Parkhouse Residences at Uptown Newport in Newport Beach. Polaris Pacific brokered the 21 individual condo sales, with prices ranging from $2.1 million to...
by Kipp Gillian | Apr 16, 2024 | California Real Estate
Shopoff Realty Investments said Tuesday it had pre-sold more than 70% of its luxury condominium project, Parkhouse Residences at Uptown Newport in Newport Beach. Polaris Pacific brokered the 21 individual condo sales, with prices ranging from $2.1 million to...
by Kipp Gillian | Apr 16, 2024 | California Real Estate
CBRE arranged the $7.8-million sale of Main Street Village Center, a 20,000-square-foot-retail center located at 135, 175, and 265 E. Ontario Ave. in Corona. The firm’s Alan Krueger and Vanessa Haddad represented the all-cash, non-trade buyer, Pacific Petroleum,...
by Kipp Gillian | Apr 16, 2024 | Retail
CBRE arranged the $7.8-million sale of Main Street Village Center, a 20,000-square-foot-retail center located at 135, 175, and 265 E. Ontario Ave. in Corona. The firm’s Alan Krueger and Vanessa Haddad represented the all-cash, non-trade buyer, Pacific Petroleum,...
by Kipp Gillian | Apr 16, 2024 | California Real Estate
Construction is complete on Hej!Workshop by Industrious, a flexible workspace in downtown San Francisco’s Mid-Market district. Ware Malcomb provided interior architecture and design services for the 45,000 square foot project, which occupies the top floor of...
by Kipp Gillian | Apr 16, 2024 | California Real Estate
Construction has been completed for the May Lee State Office Complex in Sacramento’s River District, where seven state agencies will start housing workers by the end of next month. At 1.25 million square feet, the complex is the largest state government office...
by Kipp Gillian | Apr 16, 2024 | Multifamily
Marcus & Millichap has arranged a sale of a portfolio comprising four buildings in New York, totaling 109,157 square feet, for $12.6 million. The portfolio includes three adjacent buildings on 140th Street between Adam Clayton Powell Blvd and Frederick...
by Kipp Gillian | Apr 16, 2024 | Industrial
NAI DiLeo-Bram & Co. (NAIDB) has facilitated two industrial lease agreements totaling 57,000 SF in Union and Somerset County, N.J. In Kenilworth, NAIDB represented the landlord in a 42,000 SF lease with Timeless Treasures Fabrics of Soho, LLC, while in Somerset,...
by Kipp Gillian | Apr 16, 2024 | Retail
Olshan Properties has announced the opening of Mattress Firm, Mission BBQ, and Club Pilates at Northway Mall in Colonie, New York. Following the redevelopment of Building E, formerly occupied by Petco, into three separate retail spaces, the mall has welcomed these new...
by Kipp Gillian | Apr 16, 2024 | Affordable Housing
Carr Properties has acquired 901 N. Pitt Street in Alexandria, VA, aiming to transform the site into a 250,000-square-foot multifamily property with 234 rental units, including affordable housing. The project will feature underground parking, outdoor areas, a...
by Kipp Gillian | Apr 16, 2024 | Multifamily
Carr Properties has acquired 901 N. Pitt Street in Alexandria, VA, aiming to transform the site into a 250,000-square-foot multifamily property with 234 rental units, including affordable housing. The project will feature underground parking, outdoor areas, a...
by Kipp Gillian | Apr 16, 2024 | Affordable Housing
MassHousing announced a $94 million financing package to preserve affordable rents and fund property improvements at the 432-unit Westminster Village Arms in Lowell, MA. Related Affordable, in collaboration with MassHousing and Rockport Mortgage Corporation,...
by Kipp Gillian | Apr 16, 2024 | Multifamily
MassHousing announced a $94 million financing package to preserve affordable rents and fund property improvements at the 432-unit Westminster Village Arms in Lowell, MA. Related Affordable, in collaboration with MassHousing and Rockport Mortgage Corporation,...
by Kipp Gillian | Apr 16, 2024 | Industrial
Maine businessman Peter Gerrity is pursuing the construction of a nearly 1 million square foot warehouse in Middleborough, MA., marking a shift from previous redevelopment plans for the property, Boston Business Journal reported. Initially...
by Kipp Gillian | Apr 16, 2024 | Multifamily
Civitas Capital Group and The Shelter Companies have launched the UNITi Montrose, a mix of co-living spaces, micro-units and traditional apartments. UNITi Montrose says it’s the first major multifamily property in Houston to provide an inventory of fully...
by Kipp Gillian | Apr 16, 2024 | Hotel
Jackson-Shaw and Holualoa Companies say they are starting work next month on a dual-branded hotel in North Phoenix. The AC Hotel by Marriott North Phoenix at Norterra and Element by Westin North Phoenix at Norterra will be connected under one roof. They are right next...
by Kipp Gillian | Apr 16, 2024 | Industrial
JLL Capital Markets arranged $100 million in financing for nine industrial warehouse properties, totaling 824,546 square feet, in the South Florida market. The loan is interest-only for the full seven-year term. JLL represented the borrower, Seagis Property Group LP,...
