hbspt.cta.load(6064756, 'c3b619e1-27cd-4e7b-be23-ef3e3c76d1ab', {"useNewLoader":"true","region":"na1"}); National CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. hbspt.forms.create({ portalId: "6064756", formId: "7410157d-ff8d-402b-a166-044800c0dace" }); hbspt.cta.load(6064756, '97051efe-10c4-44bd-b307-547fef6f3ac7', {"useNewLoader":"true","region":"na1"}); More National Stories More Stories Warning: Undefined variable $propertysector in /var/www/html/wp-content/themes/connect/hubpage.php on line 899 Warning: Undefined variable $propertysector in /var/www/html/wp-content/themes/connect/hubpage.php on line 972 Warning: Undefined variable $market in /var/www/html/wp-content/themes/connect/hubpage.php on line 972 Warning: Undefined variable $propertysector in /var/www/html/wp-content/themes/connect/hubpage.php on line 1252 Warning: Undefined variable $market in /var/www/html/wp-content/themes/connect/hubpage.php on line 1252 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. Connect CRE & Industry Events Load MoreMore Events 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 Transwestern Symposium Charts Experts’ Course Through Capital Markets Turbulence – edit by Zaheer Atlanta & Southeast + CRE Insider | October 17, 2022 A great deal in the capital markets changed between late April, when Transwestern’s Steve Pumper began assembling the panel for the firm’s 15th Annual Capital Markets Symposium, and mid-June when the symposium was held in Chicago. Coming off a rebound year in 2021 and anticipating more of the same in 2022, the seasoned investment pros Pumper … CrossRidge Completes Office, Begins Retail Phase of Mixed-Use Development in Charlotte Atlanta & Southeast + Carolinas + Office | April 14, 2022 CrossRidge Development has completed CrossRidge One, a 120,000-square-foot, Class A office building located in the Charlotte submarket of Indian Land, SC. The property is located within CrossRidge Center, a 190-acre mixed-use initiative. Next up for CrossRidge Center is Phase I of its retail expansion, which will feature 55,000 square feet of space delivered in summer … Latest Boston & New England Stories Outshine Properties, Jadian Capital Spend $32M for Office-to-Life Science Conversion Opp Boston & New England + Metro Boston + Office | April 14, 2022 Outshine Properties and Jadian Capital have acquired 690 Canton Street in the Boston submarket of Westwood, MA for $32 million. The office building with life science conversion potential will deliver 140,000 square feet of prebuilt lab space in Q2 2023. A Newmark team of Robert Griffin, Edward Maher, Matthew Pullen Samantha Hallowell represented the seller, … Brian Sykes Tapped to Lead Lument’s Expansion into Boston Boston & New England + Boston + Finance | April 14, 2022 Lument has appointed managing director Brian Sykes as head of the company’s new Boston office. He will lead a Boston team that originates agency loans and proprietary capital for institutional and private multifamily owners. Sykes will work extensively with investors and developers across the country, building on the network he developed over the course of … Connect TeamDaniel CenicerosCEOJennifer LloydCreative DirectorPaul BubnySenior Content DirectorView 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 JLL IPT Bags San Diego Industrial Portfolio for $159M California + San Diego + Industrial | April 14, 2022 JLL Income Property Trust (JLL IPT) has acquired South San Diego Distribution Center, a three-building, 665,000-square-foot industrial portfolio in San Diego. The three properties are 96% leased to eight tenants, and the purchase price was $158.5 million. “Industrial properties continue to be a target overweight for our portfolio given sustained tenant demand and strong, long-term outlook … IPA’s Paryani-Rice Arranges Financing on North Hollywood Apartments California + Los Angeles + Finance | April 14, 2022 Institutional Property Advisors, a division of Marcus & Millichap, arranged $10.35 million in financing for a luxury multifamily apartment complex in North Hollywood. The financing was secured by Anita Paryani-Rice, senior managing director, based in IPA’s West Los Angeles office. “As residents continue to return to centralized urban areas, amenity rich multifamily properties are in … Latest Chicago & Midwest Stories Tower in Chicago’s Streeterville Neighborhood Has Plan to Repurpose as a Hotel Chicago & Midwest + Office | April 14, 2022 In an innovative twist designed to repurpose empty office space, the principals of an apartment tower in the tony Streeterville neighborhood on Chicago’s Near North Side want to turn some of the building’s empty office space into a short-term rental hotel, according to Crain’s Chicago Business. The tower’s owner Group Fox has teamed with short-term … Chicago’s Essex Realty Group Snags Two Prime North Side Multifamily Listings Chicago & Midwest + North Side + Apartments | April 14, 2022 Chicago multifamily specialist Essex Realty Group has snagged two prime multi-family listings on Chicago’s North Side with a combined asking price of more than $11 million. Going for $3.4 million is 1051 W Pratt Ave in Chicago’s Rogers Park neighborhood, represented by Essex principal Steve Livaditis and Director Jacob Goldstein. The property is a 16-unit … Latest Florida & Gulf Coast Stories ACRES Originates $73M Development Loan for St. Petersburg Condos Florida & Gulf Coast + Central Florida + Finance | April 14, 2022 ACRES Capital Corp., has originated a $73.7-million loan to fund the development of Reflection Condominiums in St. Petersburg, FL. The loan was provided to Mirror Lake Place, LLC and was arranged by Alex Anderson of Eyzenberg & Company. Drew Miller of ACRES originated the loan. Located on a .70-acre site in downtown St. Petersburg along … Rob Tanenbaum Joins Starwood Capital as Managing Director Florida & Gulf Coast + South Florida + Hospitality | April 14, 2022 Miami-based Starwood Capital Group has introduced Rob Tanenbaum to the firm as managing director and head of North American hotel asset management. Tanenbaum will focus on enhancing asset values and maximizing performance of Starwood Capital’s full-service, select-service and resort hotel portfolio across North America. He will also work on the underwriting and business plan development … Latest Global Stories Cushman & Wakefield Acquires Australian Firm, Its Fifth Australian Acquisition in Seven Years Global + Finance | April 14, 2022 Chicago-based commercial real estate services firm Cushman & Wakefield says it has acquired Sheffield Property Pty Ltd. and Sheffield Asset Management Pty Ltd., an office leasing and property management agency based in Perth, Western Australia. The firm said the acquisition further strengthens Cushman & Wakefield’s well established and full service commercial real estate platform across … After U.S. Mall Buying Spree, Europe’s Unibail Rodamco-Westfield Exiting U.S. Market National + Global + Retail | April 10, 2022 Only a few short years after paying $15.7 billion for Westfield Corp, a top U.S. mall operator with properties from coast-to-coast, Europe’s largest mall operator Unibail Rodamco-Westfield, URW, has decided to exit the U.S. market, URW said in a press release detailing a radical restructuring of the company. “Following the completion of its comprehensive deleveraging … Latest National Stories CBRE: Investors Poised to Allocate More to Healthcare Real Estate National + Healthcare | April 14, 2022 Investors plan to allocate more capital to healthcare real estate in 2022, amid rising confidence in life sciences real estate, medical office buildings, and ambulatory service centers, according to a new CBRE survey. The CBRE survey found that most investors (85%) believe healthcare real estate is recession resistant, up from 80% in 2021, and 84% plan to be net buyers … Walker Webcast: Amor Towles—From Writer to Investment Banker to Writer Once Again National + Finance | April 13, 2022 Amor Towles is a well-regarded novelist. His best-known works are “Rules of Civility,” “A Gentleman in Moscow” and the recently released “The Lincoln Highway.” All three novels collectively have sold more than five million copies and been translated into more than 30 languages. And while he achieved his fame as an adult, Towles told his … Latest New York & Tri-State Stories JP Morgan Chase Unveils Plans for its New Park Ave, 60-Story Headquarters New York & Tri-State + Midtown New York + Office | April 14, 2022 JP Morgan Chase has unveiled the design for its new state-of-the-art global headquarters at 270 Park Avenue, reinforcing its commitment to New York City, JP Morgan Chase said in a press release. The 1,388-foot, 60-story skyscraper – designed by Foster + Partners – will be New York City’s largest all-electric tower with net zero operational … Meta is Taking Additional 300K sf at 770 Broadway New York & Tri-State + Downtown New York + Office | April 14, 2022 Facebook’s parent company Meta is taking up more real estate space in Manhattan, giving the office market a much needed boost as the sector struggles post COVID. Bloomberg News says that Meta is leasing 300,000 sf of additional space at 770 Broadway in the East Village. Meta already has space in the building that the … Latest Phoenix & Southwest Stories Triumph Properties Comes to North Phoenix with Multifamily Development Phoenix & Southwest + Phoenix + Apartments | April 14, 2022 Triumph Properties announced it has closed an $82.5-million total capitalization of a 287-unit multifamily development project, Aileron, located in the booming North Phoenix submarket. The land parcel of 9.87 acres was purchased from Moderne Capital Partners, which will be Triumph’s development partner on the deal. Headquartered in Beverly Hills, Triumph believes that Aileron’s location will benefit from the … Marcus & Millichap Closes Sale of Development Opportunity in CO’s Vail Valley Phoenix & Southwest + Southwest + Hospitality | April 14, 2022 Marcus & Millichap closed the sale of Brightwater Club, a golf course and residential development opportunity in Gypsum, CO. Deal terms weren’t disclosed. “Located at the secluded end of a protected area within Vail Valley in Colorado, the parcels provide the buyer with a unique opportunity to finish development of an expansive single-family asset,” said associate … Latest Seattle & Northwest Stories Parcel in Seattle’s International District Sells for Mixed-Use Development Seattle & Northwest + Seattle + Retail | April 14, 2022 Marcus & Millichap has arranged the sale of International District Mixed Use Site, a 20,160-square feet land parcel in Seattle. The asset sold for $8,000,000. Leroy Lutu, an investment specialist in Marcus & Millichap’s Seattle office, marketed the property on behalf of the seller, a limited liability company. The buyer, a developer, was secured and represented by Lutu. International … Terreno Grows Seattle Presence with Redmond Warehouse Deal Seattle & Northwest + Seattle + Industrial | April 14, 2022 Terreno Realty Corporation recently acquired an industrial property located in Redmond, WA for approximately $9.8 million. The seller wasn’t disclosed. The property consists of two industrial distribution buildings containing approximately 32,000 square feet on 2.0 acres. It is located at 14505-14515 NE 91st St., between I-405 and SR 520 adjacent to Terreno’s property at 9045 Willows … Latest Texas Stories Net Absorption is the Word of the Day for 1Q San Antonio Industrial Market, Report Says Texas + San Antonio + Industrial | April 14, 2022 The San Antonio industrial market opened the new year with over 4.7 million square feet of quarterly net absorption in Q1 2022, according to a CBRE San Antonio Industrial Report. The report says the space absorbed is the most the San Antonio industrial market has seen in a singular quarter. The net absorption rate was … JLL Capital Markets Arranges Acquisition Financing for Hotel in North Austin Texas + Dallas-Fort Worth + Hospitality | April 14, 2022 JLL Capital Markets has arranged acquisition financing for La Quinta Inn & Suites by Wyndham, a 75-key hotel in Cedar Park, TX. JLL worked on behalf of the borrower, Door Capital Partners, to secure the five-year, fixed-rate loan through Alliance Bank Central Texas. Completed in 2009, La Quinta Inn & Suites, which sits on 4.02 … Latest Washington DC Stories St. John Properties Dashes to Deliver 16 Fresh CRE Properties in DC Region Washington DC + Baltimore + Office | April 14, 2022 Baltimore, MD-based St. John Properties, Inc., projects to deliver 16 buildings totaling over 660,000 square feet of Class ‘A’ commercial office, flex/R&D, retail and warehouse space across its DC metro portfolio in the coming year. From a nationwide perspective, those tallies expand to 23 buildings totaling over 880,000 square feet. The company anticipates delivery 10 … George Fox Elevated to Executive VP at Divaris Real Estate Washington DC + DC Metro + Retail | April 14, 2022 Divaris Real Estate, Inc., has promoted George Fox, a six-year veteran of the company to executive VP. Fox is based out of Divaris’ corporate headquarters in Virginia Beach, VA. He has extensive brokerage experience and an ownership perspective to retail leasing and shopping center investment properties. Prior to joining Divaris, Fox served 10 years as …