by | Feb 24, 2025 | Multifamily
The Mogharebi Group (TMG) arranged the $37,600,000 sale of Summerview Apartments, a 136-unit multifamily community at 3601 Prescott Rd. in Modesto, on behalf of San Francisco-based Tesseract Capital Group, based out of San Francisco. The buyer was Summerview...
by Kipp Gillian | Feb 24, 2025 | Industrial
Ahead of an expected round of tariffs on goods from China, Mexico and Canada, both the Port of Los Angeles and the Port of Long Beach experienced their busiest January on record. For the Port of Long Beach, January’s volume of 952,733 twenty-foot equivalent...
by Kipp Gillian | Feb 24, 2025 | Affordable Housing
With the aim of addressing Massachusetts’ housing crisis, the 16-member Unlocking Housing Production Commission convened by Gov. Maura Healey has released its recommendations. It follows the release of the state’s first comprehensive statewide housing plan,...
by | Feb 24, 2025 | Multifamily
With the aim of addressing Massachusetts’ housing crisis, the 16-member Unlocking Housing Production Commission convened by Gov. Maura Healey has released its recommendations. It follows the release of the state’s first comprehensive statewide housing plan,...
by Kipp Gillian | Feb 24, 2025 | Affordable Housing
As part of the next phase of the Adams administration’s redevelopment plan for Coney Island West, the New York City Economic Development Corporation has issued an RFP for Parcel A, an 80,000-square-foot site along Surf Avenue. The site will eventually contain...
by | Feb 24, 2025 | Multifamily
As part of the next phase of the Adams administration’s redevelopment plan for Coney Island West, the New York City Economic Development Corporation has issued an RFP for Parcel A, an 80,000-square-foot site along Surf Avenue. The site will eventually contain...
by Kipp Gillian | Feb 24, 2025 | Retail
H-E-B has opened a new 100,000-square-foot e-commerce fulfillment center. The center aims to provide customers with more efficient curbside and home delivery services, which have seen an uptick in demand. The Houston Business Journal reports a public filing indicated...
by Kipp Gillian | Feb 24, 2025 | Industrial
Echo Real Estate Capital and Grandview Partners sold a class-A industrial building leased to Hubstarr Logistics for $39 million dollars. The property, known as “Building A” in Echo Park 303, is approximately 220,240 square feet and is located at 9701 North...
by | Feb 24, 2025 | Hotel
Universal Kids Resort in Frisco is unveiling a long list of attractions. The $550 million resort will include rides and attractions featuring seven distinct areas, mostly based on the company’s properties, including Shrek, SpongeBob and Jurassic World. The...
by Kipp Gillian | Feb 24, 2025 | Industrial
Apple on Monday announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years. The Cupertino, CA-based tech giant and partners will open a new advanced manufacturing facility in Houston to...
by | Feb 24, 2025 | Hotel
Capland Development is in the early stages of planning a massive 257-acre project in Hutto. Called Gateway at Hutto, the project is slated to include 29 acres of multifamily development (730 units), about 13 acres of townhome construction (125 units), roughly 68 acres...
by Kipp Gillian | Feb 24, 2025 | Retail
Capland Development is in the early stages of planning a massive 257-acre project in Hutto. Called Gateway at Hutto, the project is slated to include 29 acres of multifamily development (730 units), about 13 acres of townhome construction (125 units), roughly 68 acres...
by | Feb 24, 2025 | Multifamily
Capland Development is in the early stages of planning a massive 257-acre project in Hutto. Called Gateway at Hutto, the project is slated to include 29 acres of multifamily development (730 units), about 13 acres of townhome construction (125 units), roughly 68 acres...
by | Feb 24, 2025 | Multifamily
A group of property owners is working together on a 402-unit apartment community in Durham. The property, off Hoover Road west of Interstate 885, was assembled over the years, including several much smaller pieces. The property owners include John Warasila, founding...
by Kipp Gillian | Feb 24, 2025 | Retail
Belk is incorporating its outlet concept in two of its Atlanta stores. The Charlotte-based retailer will bring that concept to Eastridge Mall in Gastonia and Triangle Town Center Mall in Raleigh. Both sites have existing two-floor Belk locations. Plans call for...
by | Feb 24, 2025 | Multifamily
BridgeInvest has closed a $77.6 million loan to fund the acquisition of Wake Biscayne Bay, a prime waterfront multifamily complex in Miami’s North Bay Village. The loan supports an institutional joint venture between BH Group and InterVest Capital Partners,...
by Kipp Gillian | Feb 24, 2025 | Industrial
Apollo has struck a deal to buy Bridge Investment Group in an all-stock deal worth around $1.5 billion. Bridge oversees $50 billion in assets, with a focus on residential and industrial properties. The deal will nearly double Apollo’s real estate holdings, pushing...
by | Feb 24, 2025 | Multifamily
Apollo has struck a deal to buy Bridge Investment Group in an all-stock deal worth around $1.5 billion. Bridge oversees $50 billion in assets, with a focus on residential and industrial properties. The deal will nearly double Apollo’s real estate holdings, pushing...
by | Feb 24, 2025 | Multifamily
A rare six-parcel site in the Edgewater area of Miami is being marketed with a $32 million asking price. Lee & Associates South Florida Principal Michael Hinton has the sales listing for the high-density development assemblage. The 36,998-square-foot assemblage...
by | Feb 24, 2025 | Multifamily
When it comes to wellness offerings, many multifamily property owners and operators focus on the physical, like treadmills and weight rooms. However, the concept of wellness is shifting from physical fitness to holistic health. In a recent ApartmentBuildings.com...
by Kipp Gillian | Feb 21, 2025 | Retail
Cushman & Wakefield arranged the sale of the coastal property located at 1232-1234 N Coast Hwy. 101 in Leucadia (Encinitas). Operating from 1963 until 2023 as Caldwell’s Antiques by Fred Caldwell, a local historian known as “Mr. Leucadia,” the site currently...
by Kipp Gillian | Feb 21, 2025 | Retail
Burgess Properties, LLC brokered an approximately 21,500-square-foot lease to The Picklr, a growing national indoor pickleball franchise. Formerly occupied by Planet Fitness, the building featuring high ceilings and open layout is located at 40 Ray Ave., Burlington,...
by Kipp Gillian | Feb 21, 2025 | Retail
Google will open its first retail store in the D.C. region at 3235 M Street NW later this year. The tech giant has signed a 10-year lease with EastBanc for a 7,000-square-foot space, marking its sixth retail store nationwide. JLL represented Google, while EastBanc was...
by | Feb 21, 2025 | Multifamily
Lument has provided $110.8 million in Fannie Mae DUS loans to refinance a six-property multifamily portfolio located in Chicago. The transaction refinances existing bank debt for the sponsor BJB Properties, a Chicago-based owner-operator focused on long-term holds...
by Kipp Gillian | Feb 21, 2025 | Retail
BWE has secured $20 million in financing for two retail centers, Mayfair Plaza, located in Chicago, and River Ridge Marketplace, located in Asheville, North Carolina. Ryan Morris, vice president in BWE’s Chicago office, originated an $8 million loan with a five-year...
by | Feb 21, 2025 | Hotel
90 North Schaumburg, a 325-acre development and mixed-use entertainment district in Schaumburg continues to mark milestones. Since its groundbreaking in 2021, the community has attracted high-profile tenants while integrating business, residential and experiential...
by Kipp Gillian | Feb 21, 2025 | Retail
90 North Schaumburg, a 325-acre development and mixed-use entertainment district in Schaumburg continues to mark milestones. Since its groundbreaking in 2021, the community has attracted high-profile tenants while integrating business, residential and experiential...
by | Feb 21, 2025 | Hotel
Mortenson, in partnership with the University of Washington, Gensler, Holmes, and other project partners, has completed the structural steel topping out for the UW’s new Intercollegiate Athletics (ICA) Basketball Training Facility. The facility will serve as a hub for...
by Kipp Gillian | Feb 21, 2025 | Retail
Ethos Commercial Advisors has secured acquisition financing for Eastport Plaza, a 275,518 SF neighborhood shopping center in Portland, Oregon. Located in Portland’s Jade District, the property is anchored by Ross, LA Fitness, Dollar Tree, a Regal movie theater, and an...
by Kipp Gillian | Feb 21, 2025 | Industrial
Dermody has completed construction of Phase I of The Logistics Campus and leased Building 3, a 326,278-square-foot logistic facility to HuFriedyGroup. Phase I of The Logistics Campus has achieved LEED Silver Certification, with four buildings currently available for...
by Kipp Gillian | Feb 21, 2025 | Retail
A League City church has acquired a 99,000 square foot shopping center. Citymark Church has occupied space on the western edge of the main retail building of League City Town Plaza since 2012. It recently took over 16,500 square feet of space and now takes up 36,740...
by Kipp Gillian | Feb 21, 2025 | Industrial
The Town of Buckeye had spent numerous hours courting KORE Power, an up and coming battery manufacturer who promised to build a $1 billion plant (photo) in the town. But following the election, all that changed. KORE Power was unable to secure its once-promised $850...
by | Feb 21, 2025 | Hotel
Pendry is considering opening the Pendry Nashville Hotel & Residences by Montage Hotels and Resorts in the Paseo South Gulch project (photo), one of the city’s largest developments. The Nashville Business Journal reports the hotel and condo tower is slated...
by | Feb 20, 2025 | Hotel
The team behind the Japanese dining destination Momoya has signed a lease for a new restaurant concept on the ground floor of The Durst Organization’s One Bryant Park. The 5,000-square-foot space will be home to an elevated Japanese restaurant concept and...
by Kipp Gillian | Feb 20, 2025 | Affordable Housing
SRS Real Estate Partners expanded its industrial services platform with six industry professionals across its Southern California and Phoenix offices. In Southern California, James deRegt joins SRS as SVP in the Newport Beach office. Formerly with Lee &...
by | Feb 20, 2025 | Hotel
DiamondRock Hospitality Company has completed the sale of the 410-room Westin Washington, D.C. City Center for $92 million. “The sale of the Westin D.C. City Center marks an important step in our strategy to drive long-term earnings and cash flow per share...
by Kipp Gillian | Feb 20, 2025 | Affordable Housing
Multiple reports discuss the continued aging of the American population and the continued lag of senior housing to meet the demand. According to a recent Urban Land Magazine article, there’s more to the issue than simple supply and demand. Specifically: Upper-end...
by | Feb 20, 2025 | Hotel
Back in 1969, Big Surf blazed the trail of inland surf spots. Wave machines created breakers that rolled up to desert sand in Mesa. And for 50 years it gave Valley of the Sun residents a place to go in the scorching summer. It’s been closed since 2019. But now,...
by Kipp Gillian | Feb 20, 2025 | Industrial
Ryan Cos. and Alidade Capital have broken ground on Chandler Freeways Business Park, a 190,475-square-foot industrial development in Chandler, Ariz. Commercial Edge reports the duo will convert a 175,654-square-foot existing office building as part of the project,...
by Kipp Gillian | Feb 20, 2025 | Industrial
Meridian Design Build was recently selected by Hillwood to construct two Class A speculative industrial buildings at their Central Columbus Commerce 71 development. Architectural services are being provided by Red Architecture. Civil engineering services are being...
by Kipp Gillian | Feb 20, 2025 | Industrial
Aligned Data Centers announced its expansion in the Dallas-Fort Worth Metro Area with a new data center campus in Mansfield, TX. DFW-03 will be situated on a 27-acre site. Initial capacity is anticipated to be available as early as Q4’25. The site, located at 3801...
by Kipp Gillian | Feb 20, 2025 | Affordable Housing
Housing Trust Group (HTG) closed on financing and commenced construction on The Rushmore, a $33.8 million affordable housing community located in the Energy Corridor of Houston, Texas. The family-oriented development comprised of 101 units is HTG’s first community in...
by Kipp Gillian | Feb 20, 2025 | Industrial
Ryan Companies appointed Domingos Garcia as Director of Architecture for its Southeast region. He will also oversee architectural projects out of the company’s Atlanta and Tampa offices. To date, Garcia has contributed to more than 177 million square feet of projects...
by | Feb 20, 2025 | Hotel
CBRE is advising Westshore 54, a 53.3-acre parcel at the crossroads of Kennedy Boulevard and Interstate 275 in Tampa’s Westshore district. Currently home to the Westshore Plaza, the 1,093,696-square-foot mall is up for sale and will be redeveloped. With over 8.1...
by Kipp Gillian | Feb 19, 2025 | Affordable Housing
C&C Development and Riverside Charitable Corporation broke ground on Lincoln Avenue Apartments, an affordable housing community in Buena Park that will serve more than 50 families and veterans in need. Planned for four three-story buildings, the project combines...
by | Feb 19, 2025 | Hotel
St. Louis-based nonprofit Gateway Arch Park Foundation has selected The Cordish Companies to redevelop the Millennium Hotel property, located at 200 S. 4th St. adjacent to the St. Louis Gateway Arch. The $670 million preliminary plan integrates 1.3 million square feet...
by Kipp Gillian | Feb 19, 2025 | Affordable Housing
Massachusetts Housing Investment Corporation (MHIC) has closed its first Social Impact Fund. The fund raised $63.7 million in total equity, which funded nine developments totaling 342 affordable units across Massachusetts. “Our Social Impact Fund’s success is a...
by Kipp Gillian | Feb 19, 2025 | Affordable Housing
The City of Chicago, Chicago Housing Authority, Evergreen Real Estate Group and Latin United Community Housing Association have completed Encuentro Square Apartments , a two-building, $67.5 million development in Logan Square. The 89-unit complex at 3759 W. Cortland...
by Kipp Gillian | Feb 18, 2025 | Affordable Housing
LEDG Capital has commenced a $5.5-million renovation to modernize the Ridge Crest Apartments, an 84-unit affordable housing community in the Marine Villa neighborhood of St. Louis. The Industrial Development Authority of the City of St. Louis provided private activity...
by Kipp Gillian | Feb 18, 2025 | Affordable Housing
Continental Realty Group purchased the 107-unit Copper Point Apartments in Mesa, Arizona, for $24.6 million, or about $230,000 a unit. This is CRA’s fifth acquisition in the Phoenix market since 2016. Built in 1986, Copper Point features one—and two-bedroom...
