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DataBank and Goodman Group have formed a joint venture to launch a new 32-megawatt facility in the Los Angeles region, one of the most supply-constrained data center markets in the U.S. The new data center, located at 3094 E Vernon Ave. in Vernon, is expected to open in December of 2026 with the first 6MW available and ... The post Goodman, DataBank Partner on 32-MW LA Data Center appeared first on Connect CRE.
Harbor Freight has selected Robinson Crossing in Severna Park as the site for the group’s second Anne Arundel County location, joining an existing facility in Glen Burnie. The company, which operates more than 1,600 stores nationally and 22 in Maryland, signed a lease with Continental Realty Corporation (CRC) for 21,202 square feet of space at ... The post Harbor Freight Opens Second Anne Arundel County Store appeared first on Connect CRE.
Matthews has listed Parlmont Park Apartments, located at 10 Parlmont Park in Billerica, MA. An asking price was not disclosed. Exclusively listed by Matthews VP Nick Jasinski, the property comes to market for the first time in 50 years. Parlmont Park Apartments presents a 100% market-rate opportunity within the North Billerica submarket, according to Matthews. ... The post Billerica Apartment Complex Listed for First Time in 50 Years appeared first on Connect CRE.
Marcus & Millichap has completed the sale of Oakwood Plaza, a 16-suite retail property located in Alton, Illinois, for $9.3 million. “Buyer interest in Oakwood Plaza was exceptionally strong, generating multiple competitive offers and driving a successful outcome for our client,” said Chris Garavaglia, managing director of investments. “This transaction underscores the continued demand for well-located, service-oriented retail centers in the Midwest, ... The post Marcus & Millichap Brokers Oakwood Plaza Retail Deal in Illinois appeared first on Connect CRE.
Global insurance specialist CFC has leased 13,065 square feet at 5 Penn, a newly repositioned Midtown Manhattan office building owned by Stephen Haymes’s Haymes Investment Company. Founded in the 1990s as one of the first companies in the world to sell cyber insurance policies online, CFC will relocate from 48 Wall St. to occupy its ... The post Cyber Insurance Pioneer CFC Relocates Offices to Penn District appeared first on Connect CRE.
Kidder Mathews brokers Matt McLennan, SIOR, CCIM, and Jerome O’Leary represented Dodge Property in leasing approximately three acres of contractor yard space to Griffin Fluid Management at 10412 244th Street E. in Graham, Washington. The property, known as the Dodge Property, is a fully improved, turn-key contractor yard featuring a shop and office building, enclosed ... The post Kidder Mathews Finalizes Lease of Contractor Yard in Graham appeared first on Connect CRE.
Amtrak has reached the halfway mark of constructing its new maintenance and inspection facility in Seattle. The facility, located in the King Street Yard, will help support maintenance of the new Airo fleet that will debut on the Amtrak Cascades later this year. The $300 million project in the city’s SODO neighborhood is more than ... The post Seattle’s New $300 Amtrak Maintenance Facility Reaches Milestone appeared first on Connect CRE.
PAGEWOOD broke ground on Phase 1 of East Blocks, an adaptive reuse project in Houston’s East Downtown. PAGEWOOD recently closed on construction financing for Phase 1 and acquired two warehouse properties at 1107 Hutchins Street and 2202 Dallas Street, which will anchor the first phase of the retail development. PAGEWOOD has already signed a lease ... The post Pagewood Converting Warehouses to Retail in East Downtown Houston appeared first on Connect CRE.
CapRock Partners secured a 597,357-square-foot lease across two freestanding warehouse buildings at CapRock West 202 Logistics – Phase 2. The tenant, a global advanced energy storage systems manufacturer, will occupy Buildings F and G, totaling 301,771 and 295,586 square feet, respectively. The transaction brings the 3.4-million-square-foot Class A campus to approximately 82% leased. Phase 2 ... The post CapRock Lands 597K-SF Lease at Loop 202 Industsrial Park appeared first on Connect CRE.
The U.S. faces a shortage of about 10 million homes, according to a new report from the White House Council of Economic Advisors. Largely responsible for the shortfall is the slower pace of homebuilding since the 2008 global financial crisis, a slowdown the report blamed on local regulations. The report argues that “increasingly pervasive California-style ... The post White House Seeks Deregulation on Homebuilding to Address Housing Shortage appeared first on Connect CRE.
The Feil Organization has signed Robin Hood to a 30-year, 53,000-square-foot lease at 841 Broadway. The newly built-out space encompasses the entire fifth through eighth floors. The deal brings the 91,300-square-foot office property to full occupancy. Robin Hood is New York City’s largest local poverty-fighting philanthropy. As part of the lease agreement, Feil will create interconnected staircases across the ... The post Robin Hood Philanthropy Leases 53K SF with the Feil Organization appeared first on Connect CRE.
REĀL, the association for Latinx professionals in commercial real estate, will host REĀL Forward: 2026 Community Forum on Friday, April 17 at 11 a.m. PDT/2 p.m. EDT. The virtual gathering will bring together REĀL members from across both coasts. The association will share key updates from the State of Latino Entrepreneurship (SOLE) Report, highlight what’s ahead for ... The post REĀL Schedules Virtual 2026 Community Forum appeared first on Connect CRE.
JLL Capital Markets recently arranged approximately $26 million in construction financing for Heritage Point, a mixed-use multifamily development located at 120 Main St. in Buffalo, NY. Working on behalf of the borrower, Sinatra & Company, JLL structured a layered capital stack that includes a $14.8-million senior construction loan from national lender X-Caliber and $11.2 million ... The post JLL Arranges Construction Loan for Buffalo Mixed-Use appeared first on Connect CRE.
Florida-based Sunrise Capital Investors LLC , an investor in mobile home park and parking facility properties, has acquired the Nautica Parking Garage, a structured parking asset located at 88 Constitution Rd. on the Charlestown Waterfront in Downtown Boston, for $12,850,000. A Colliers team of Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks and Joe Gaziano ... The post Florida Investor Acquires Nautica Parking Garage appeared first on Connect CRE.
CBRE arranged a full-building 104,400-square-foot lease to PODS Enterprises, LLC, a distributor of portable storage units, at 1959 Monterey Rd. in San Jose. CBRE’s Brian Matteoni and Ian Halker represented the landlord. Lease terms were not disclosed. “Industrial users continue to focus on facilities that offer efficient loading, modern clear heights, and access to major transportation corridors,” said Matteoni, ... The post PODS Signs Full-Building Lease in Central San Jose appeared first on Connect CRE.
CBRE has been appointed the exclusive leasing agent for Maryland 95 at Dorsey Run, a 250-acre industrial development located at 7120 Dorsey Run Road in Elkridge, Maryland. CBRE’s Michael Elardo, Jared Ross, and Ed Harris will market the property on behalf of ownership. The project will deliver up to 1.9 million square feet of logistics and warehouse space with initial building deliveries slated for 2027. Located within Howard County’s ... The post CBRE Named Leasing Agent for Maryland Industrial Development appeared first on Connect CRE.
Bulley & Andrews (B&A), a national construction firm, announced the acquisition of Interior Construction Group (ICG), a Chicago-based general contractor specializing in interior construction. The acquisition supports B&A’s long-term strategic growth and expands the company’s capabilities in the interior construction market. ICG will now operate as Bulley & Andrews Interior Construction Group and will continue to ... The post Bulley & Andrews Acquires Interior Construction Group appeared first on Connect CRE.
Metrobloks, a developer of AI-ready, low-latency data center infrastructure, announced a strategic joint venture with Lincoln Property Company. The partnership will focus on the co-development of a high-performance data center campus in the Kansas City Metro Area. Located in Liberty, Missouri, the newly acquired site comprises approximately 30 acres of land, already zoned and powered ... The post Lincoln Property Company JV to Develop Data Centers in Kansas City appeared first on Connect CRE.
Eagle Real Estate Partners, LLC (EREP), an El Segundo-based multifamily investment firm focused on the Western U.S., said Monday it has entered into a strategic, programmatic GP co-investment partnership with TriPost Capital Partners, LLC, a New York-based multi-strategy real estate private equity firm. Under the partnership, TriPost will commit more than $50 million in GP co-investment capital, supporting EREP’s ... The post Eagle Real Estate Partners, TriPost Capital Team for Multifamily Investments appeared first on Connect CRE.
American Capital Group and Clarion Partners announced the completion and opening of Enso Apartments, a 316-unit multifamily community located at 19630 40th Ave W in Lynnwood, Washington. Enso Apartments is a transit-oriented development located within a federally designated Qualified Opportunity Zone in the heart of Lynnwood City Center. Ideally positioned along Interstate 5 and walkable ... The post American Capital Group, Clarion Partners Complete Apartments in Lynnwood appeared first on Connect CRE.
Rudin has secured a 10.5-year retail lease with global jewelry brand Pandora Ventures LLC to create a new retail store at 3 Times Square. The 4,107-square-foot shop is set to open in late 2026. Pandora will join a long and growing list of international brands with an active presence in Times Square. According to the Times Square Alliance, the ... The post Jeweler Pandora Inks Retail Lease at Rudin’s 3 Times Square appeared first on Connect CRE.
As it has done for several years running, Talonvest Capital will field a team at the Orange County Walk for Kids event at Championship Soccer Stadium in Irvine on April 25, benefiting Ronald McDonald House Orange County. Talonvest is currently the top fundraising team for this year’s campaign, a distinction it has maintained for the ... The post Talonvest Team Leads in Fundraising for Orange County Walk for Kids appeared first on Connect CRE.
Marcus & Millichap has closed the sale of 28-04 41st Ave., a development site in Long Island City, for $9,375,000. Sean Fopeano, Shaun Riney, Joe Koicim and David Cornejo of Marcus & Millichap’s NYM Group represented the seller, a private family, and procured the buyer, Jade Century Properties. “Through a highly competitive marketing process, we ... The post LIC Parcel Trades to Developer at Full Price appeared first on Connect CRE.
Ellis Realty Advisors will establish new headquarters at 4 Pond Park in Hingham, MA. Vacant since 2019, the office building was acquired in November 2025 and has since been reimagined by Ellis to reflect its vision as a hub for business collaboration on the South Shore. Beyond serving as the company’s headquarters, 4 Pond Park will serve ... The post Ellis Realty Repositions Hingham Offices as South Shore Business Hub appeared first on Connect CRE.
Western Alliance Bank is providing $77.9 million in construction financing and Low-Income Housing Tax Credit equity for The Marvel in the Mission, the largest affordable housing development in San Francisco’s Mission District. At full buildout, the project will provide 400 units of permanent supportive housing at the intersection of 16th and Mission streets. The lender ... The post Western Alliance Provides $78M Financing for Low-Income Housing in Mission District appeared first on Connect CRE.
CBRE facilitated a 108,272‑square‑foot lease at 445 S. Figueroa St. in Downtown Los Angeles on behalf of Washington Capital. The tenant, On Location LA, a global leader in experiential hospitality, will occupy six floors in the building, establishing its LA headquarters ahead of the 2028 Olympic and Paralympic Games. According to CBRE Research, the deal represents the largest new office ... The post On Location Signs DTLA’s Largest New Office Lease Since 2024 appeared first on Connect CRE.
Life sciences firm Living Proof has executed a 14,085-square-foot lease for office and lab space at GENESIS 12 Farnsworth a brick-and-beam property converted from office use and located at 12 Farnsworth St. in Boston’s Seaport District. Living Proof will relocate its operations from the Innovation & Design Building to the entire fifth floor of the ... The post Living Proof Leases Entire Floor at Brick-and-Beam Property in Seaport District appeared first on Connect CRE.
AI companies are leasing space in New York City at double the pace of last year, JLL reported. Leasing volume through March 31 already reached half of the full-year 2025 total, and the average lease size has more than doubled from 16,600 to 34,500 square feet. Although it was superseded by a family office’s lease at ... The post AI Tenants Double Their NYC Leasing Activity Year Over Year appeared first on Connect CRE.
Associated Bank recently completed a $32.75 million loan to Toonen, Inc. for the construction of a multi-family apartment complex at 2101-2431 McCarthy Road in Grand Chute, Wisconsin. The Strata Apartments will consist of 25 buildings with a total of 236 units, including 18, ten-unit buildings with attached garages and seven eight-unit buildings with detached garages. ... The post Associated Bank Finalizes $33M Loan for Wisconsin Multifamily Project appeared first on Connect CRE.
Trinity Christian College has retained CBRE as exclusive listing agent for the sale of its campus at 6601 West College Drive in Palos Heights, Illinois, approximately 18 miles southwest of downtown Chicago. The 60-acre property will be delivered fully vacant following the college’s planned closure at the end of the 2025/2026 academic year. CBRE’s Matt ... The post 60-Acre College Campus Listed for Sale in Suburban Chicago appeared first on Connect CRE.
U.S. headline inflation accelerated sharply in March, driven by a surge in energy prices, further complicating the Federal Reserve’s policy path. Data from the Bureau of Labor Statistics showed consumer prices rose 0.9% month over month, up from 0.3% in February, with energy costs jumping nearly 11% during the period. On a year-over-year basis, headline inflation increased 3.3%. Core inflation, which ... The post BREAKING NEWS: Inflation Jumps 0.9% in March as Energy Costs Surge appeared first on Connect CRE.
Flight to quality, greater focus on real estate costs, and an increase in domestic manufacturing were among the themes that emerged from CBRE’s U.S. Industrial & Logistics Occupier Survey. The surprise? Despite the noise around power availability and artificial intelligence, these issues weren’t top of mind for industrial occupiers. Specifically, while 50% of respondents were ... The post CBRE Survey Uncovers Industrial Occupier Sentiments appeared first on Connect CRE.
The Bureau of Labor Statistics’ March report noted that total non-farm payroll employment increased by 178,000, while the unemployment rate remained at 4.3%. At the same time, net hiring for Q1 2026 was 205,000. That was the positive news. The not-quite-good news was that the employment growth occurred in a few sectors, with “most new ... The post The Current Job Numbers and Their Real Estate Impacts appeared first on Connect CRE.
Artificial intelligence will increase productivity, leading to greater efficiency and higher output. And, artificial intelligence will steal jobs, negatively impacting the labor force. According to a recent Newmark report, both sides of the AI debate are true, adding that “there is broad consensus that AI’s impact on employment will vary across industry sectors, occupations and ... The post Understanding the AI-Office Space Connection appeared first on Connect CRE.
A little more than a year ago, President Donald Trump launched “Liberation Day,” which imposed broad tariffs on imports and marketing a shift in trade policy. What has been the impact on commercial real estate construction? To answer this question, Cushman & Wakefield analysts collected and analyzed data over the past year and presented it ... The post Tariffs and CRE Construction by the Numbers appeared first on Connect CRE.
The post New York People and Company News, Week of April 10, 2026 appeared first on Connect CRE.
The LAAA Team of Marcus & Millichap closed on the sale of 1536 N Serrano Ave, a 42-unit LIHTC community in East Hollywood, for $7,600,000. The team noted that three separate government approvals, a 166-day escrow and coordination across 15-plus parties were required to bring the deal to close. Among these approvals was a sign-off ... The post Sale of East Hollywood Affordable Entailed Three Separate Government Approvals appeared first on Connect CRE.
Empire State Realty Trust, Inc. acquired a newly constructed, prime retail asset located at 41-55 N. 6th St. in Williamsburg for $46 million at the end of the first quarter. The approximately 22,000-square-foot property, currently vacant, is located between Kent and Wythe avenues near ESRT’s existing 102,000-square-foot portfolio of prime retail assets along North 6th Street. ... The post ESRT Adds to Williamsburg Retail Portfolio with $46M Deal appeared first on Connect CRE.
Essex Realty Group announced the promotions of Karla Galva and Jimmy Donahue. Galva joined the firm in 2022 as an associate on the suburban team and has become a key contributor to the firm’s suburban investment sales platform, focusing on asset valuation, market research, and business development for multifamily and mixed-use investments. Donahue joined in ... The post Chicago/Midwest People & Company News, week of April 10, 2026 appeared first on Connect CRE.
Oak Brook, Illinois-based Krusinski Construction Company (KCC) has started work on a tenant build-out for Cooper&Hunter within the recently completed IAC – Wintergreen development in Hutchins, Texas. Cooper&Hunter will occupy the remaining 266,788 square feet of the facility, with improvements to support its operational needs. Wintergreen Distribution Center is a 560,030-square-foot, multi-tenant speculative industrial building ... The post Krusinski Construction Begins Tenant Build-Out on TX Distribution Center appeared first on Connect CRE.
Marcus & Millichap Capital Corporation arranged $4.13 million in financing for a newly built, 11-unit multifamily property located at 1706 17th Street Southeast in Washington, D.C. Jared Cassidy, senior director in MMCC’s Washington, D.C. office, secured five-year, non-recourse agency financing at 70% loan-to-value on behalf of a private client. The loan also includes three years ... The post Marcus & Millichap Capital Corporation Secures Financing for DC Multifamily Property appeared first on Connect CRE.
Portland Mayor Keith Wilson announced the city is committed to renovating the Moda Center, the home arena of the NBA’s Trail Blazers. Wilson stated that the $600 million in renovations is a priority for the city, regardless of whether the Blazers continue playing at the 30-year-old arena. The Oregon Legislature recently passed SB 1501, which ... The post Portland Commits $600M to Renovate Moda Center appeared first on Connect CRE.
Newmark has arranged the $41 million sale of the retail portion of 500 North Michigan Avenue, a high street asset located along Chicago’s Magnificent Mile. Newmark Senior Managing Director Keely Polczynski represented the seller in the transaction. The buyer is a private investor. The approximately 21,565-square-foot retail space is fully leased to a roster of ... The post Newmark Arranges $41M Sale of Michigan Avenue Retail Space appeared first on Connect CRE.
Antelope Valley Commerce Center (AVCC) has officially received entitlement approval for one of the largest industrial projects ever proposed for Los Angeles County, according to its developer, Covington Group Inc. The entitlement covers AVCC East, which allows for just over eight million square feet of industrial development. Combined with the previously planned AVCC West, the ... The post 9.4M-SF Palmdale Industrial Project Secures Entitlements appeared first on Connect CRE.
Headline-grabbing population statistics to the contrary, New York is decisively winning the nation’s migration competition for high-value talent, JLL says. Although broad migration data may suggest the city is losing residents overall, the workers that matter most to financial, tech, and innovation-driven firms choose New York in overwhelming numbers. “The numbers turn the Wall Street ... The post NYC Wins Migration Competition for High-Value Talent appeared first on Connect CRE.
Brookfield Real Estate Income Trust has acquired 34 Market St., a 222,000-square-foot distribution center in Everett, MA, from The Davis Companies. The Boston Business Journal reported that Brookfield REIT paid $155 million for the property and that the tenant is Amazon, which also occupies eight other distribution facilities in Greater Boston. Dana Petitto, portfolio manager ... The post Brookfield REIT Acquires Amazon-Leased Warehouse from Davis appeared first on Connect CRE.
Peak Construction Corporation has been selected as the design-builder for Building 1 in the Clear Springs Logistics Park in Annville, Pennsylvania. In January, a global logistics company announced a new distribution center in South Annville Township dedicated to life sciences and healthcare. The facility is the first of three warehouses in the roughly 3 million ... The post Peak Construction Corporation Selected as Design-Builder for PA Logistics Park Building appeared first on Connect CRE.
U.S. office leasing in 2026 has exceeded pre-pandemic levels, according to preliminary first-quarter data from CoStar Group. Office tenants signed new leases for an estimated 120 million square feet in Q1 2026, the highest quarterly total since mid-2018. This represented a 25% increase year-over-year, CoStar said Thursday. It was also the first time this decade that ... The post U.S. Office Leasing Has Its Best Quarter in Nearly Eight Years appeared first on Connect CRE.
The Trepp CMBS Special Servicing overall rate increased by 27 basis points in March 2026 to 11.00%, driven mainly by six large office loans. The loans outweighed several sizable cures, pushing the overall rate higher month over month, according to Trepp. Overall, new transfers to special servicing in March totaled approximately $2.87 billion across 42 loans. March ... The post Special Servicing Rate Rises to 11% in March appeared first on Connect CRE.
The post Return to Lender: Week of April 9, 2026 appeared first on Connect CRE.
Kurv Industrial acquired the East Pompano Industrial Center for $219.7 million. Kurv says that makes it South Florida’s largest industrial deal of the year. The seller was QuadReal Property Group. This acquisition is part of Kurv Industrial’s previously announced $789 million joint venture with Canada Pension Plan Investment Board (CPP Investments). The 818,611-square-foot warehouse park is slightly more ... The post Kurv Pays Nearly $220M for Pompano Beach Industrial Park appeared first on Connect CRE.
Exol (formerly GreenBox Systems) opened its first physical AI-powered U.S. facility, marking the commercial debut of a new logistics category: robotic fulfillment-as-a-service. A new 1 million-square-foot Atlanta-area facility is now open, providing immediate access to automated, enterprise-level fulfillment capacity for Exol’s commercial partners. The $144 million development is to be situated in Butts County , east of ... The post 1M-SF AI Automated Warehouse Opens Outside Atlanta appeared first on Connect CRE.
Midwood Investment & Development has secured a 10-year, 7,415-square-foot lease with venture capital firm TQ Ventures at 96 Spring St. in SoHo. Comprising the entire seventh floor of the building, the space will serve as TQ Ventures’ New York City headquarters as its team rapidly expands and will provide a place for TQ-backed founders to work ... The post Venture Capital Firm Signs SoHo Lease for NYC Headquarters appeared first on Connect CRE.
Arrow Real Estate Advisors arranged an $8,800,000 construction loan from S3 for the development of a new multifamily property located at 1532 Bergen St. in Crown Heights, Brooklyn. The transaction was led by Arrow Real Estate Advisors founder and managing partner Morris Betesh, senior director Israel Mermelstein and associate Louis Halperin. “It was a privilege ... The post S3 Provides Construction Loan for Crown Heights Multifamily appeared first on Connect CRE.
Fort Lauderdale, FL-based DoveHill has acquired Mayflower Inn & Spa, Auberge Collection at 118 Woodbury Rd. in Washington, CT. Although the buyer did not disclose the acquisition price, the Hartford Business Journal reported a price of $5.3 million based on land records, adding that the figure may not include the value of the operating business. ... The post DoveHill Acquires Connecticut Luxury Hotel and Spa appeared first on Connect CRE.
Colliers arranged the sale of a 113,500‑square‑foot industrial building located at 12224 Montague St. in Pacoima, within the East San Fernando Valley/North Los Angeles submarket. Terms were not disclosed. The submarket’s industrial inventory continues to rank among the tightest in the region, making the sale a rare occurrence, according to Colliers. The property was acquired ... The post Industrial Trades in Tight East San Fernando Valley Submarket appeared first on Connect CRE.
Sonnenblick-Eichner Company has arranged a $26-million first mortgage loan to refinance the Residence Inn by Marriott Walnut Creek, in Walnut Creek. The non-recourse fixed-rate, five-year loan is interest-only for the term and was funded by a Wall Street investment bank. The Residence Inn by Marriott Walnut Creek is a six-story, 160-room extended-stay hotel with ... The post Sonnenblick-Eichner Arranges Refi for Walnut Creek Extended-Stay appeared first on Connect CRE.
Hypersonic autonomous aircraft startup Hermeus is relocating its headquarters from Atlanta to El Segundo, the company announced. Currently valued at $1 billion, the company will house executive offices and a facility for developing prototypes in 67,000 square feet across two buildings at Hackman Capital Partners’ 888 N. Douglas St. Production will remain in Atlanta. Hermeus ... The post Hypersonic Aircraft Startup Relocating Headquarters from Atlanta to El Segundo appeared first on Connect CRE.
The Puget Sound retail market continues to demonstrate stability as 2026 begins, supported by steady consumer spending and improving foot traffic across the region, according to a recent Kidder Mathews report. While overall demand remains intact, shifting consumer behavior, driven by moderating job growth and persistent cost pressures, has led to a more selective leasing ... The post Smaller-Format, Experiential Spaces Lead Puget Sound Retail Leasing appeared first on Connect CRE.
Mid-America Real Estate Investment Sales Group announced the sale of Dix-Toledo Shopping Center, a 121,184-square-foot community center located in the Detroit suburb of Southgate, Michigan. Mid-America’s Ben Wineman and Daniel Stern served as exclusive listing brokers on behalf of the seller, a private family. Friedman Real Estate’s Jaidyn Smith represented the buyer in the transaction. ... The post 121K-SF Detroit-Area Retail Plaza Changes Hands appeared first on Connect CRE.
Manhattan’s Penn Station submarket has emerged as one of the city’s most dynamic office destinations, driven by large-scale renovations, new development and unparalleled transit connectivity, Cushman & Wakefield says in a new report. The report finds that the submarket has experienced a notable surge in demand in recent years, capturing nearly a quarter of all ... The post Report: Penn Station Submarket Emerges as Dynamic Office Destination appeared first on Connect CRE.
Mata Construction Services, Inc., a Los Angeles–based general contractor, has completed construction of a new 20,000-square-foot headquarters workplace for Wedbush at the Pasarroyo office campus in Pasadena’s South Lake district. Designed by global architecture and design firm HLW, the two-floor tenant improvement integrates executive leadership space, active trading operations and hospitality-driven collaboration environments. Located at ... The post Mata Construction Completes Wedbush Headquarters in Pasadena appeared first on Connect CRE.
Marcus & Millichap recently closed the sale of 43-10 21st St., a two-story industrial property in Long Island City, Queens. The asset sold for $14.5 million. “At $359 per square foot, this transaction sets a pricing benchmark for multi-story industrial in today’s Long Island City market,” said Jakub Nowak of the Nowak Group of Marcus & ... The post Multi-Story Warehouse Sale Sets Pricing Benchmark for LIC appeared first on Connect CRE.
E.V. Bishoff Company has acquired the 125,000-square-foot 30 Merchant Street Building in Cincinnati, Ohio. The transaction follows the company’s acquisition of the 38-building Triangle Park Campus in Sharonville and its recent acquisition of the historic Shakely Building, later renamed Princeton Hill. The real estate firm is planning a large redevelopment project for the three-story, 125,000-square-foot ... The post E.V. Bishoff Company Expands Cincinnati Presence with Office Acquisition appeared first on Connect CRE.
NAIOP SoCal announced the honorary captains for its 5th Annual OC Real Estate Challenge to be held April 15. This year’s industry leaders are Jason Krotts, co-founder & principal, Real Estate Development Associates, along with Chris Tipre, principal, Trammell Crow Company. Krotts and Tipre will serve as honorary captains for the Chapman University and University of California, Irvine (UCI) ... The post NAIOP SoCal Names Honorary Captains for OC Real Estate Challenge appeared first on Connect CRE.
Melvin Mark Investors announced today the acquisition of 200 SW Market Street, a 19-story, 400,000-square-foot office building in Portland’s downtown core. The announcement included the news that Jeff Swickard of Swickard Group has joined the ownership group as a joint venture partner. The ownership group also includes local investors. Last year, Swickard bought the 42-story ... The post Melvin Mark Investors Acquire Office Building in Downtown Portland appeared first on Connect CRE.
MacKenzie Commercial Real Estate Services has brokered the sale of 6101 E. Lombard Street, a 30,253 square foot industrial warehouse building in Baltimore City, to Mid Atlantic Port Services for $5.7 million. MacKenzie Senior Vice Presidents and Principals Daniel Hudak, SIOR, Andrew Meeder, SIOR, and Matthew Curran, SIOR, together with Real Estate Advisor Alton Curry ... The post Mid Atlantic Port Services Acquires Industrial Warehouse in Maryland appeared first on Connect CRE.
Trammell Crow Company (TCC) and joint venture partner CBRE Investment Management secured two new leases at Arsenal Trade Center in Sayreville, NJ. The leases, totaling 535,915 square feet, were signed by Worldwide Logistics USA LCC and Nekteck, Inc. The landlord was represented by Tom Monahan, Larry Schiffinhaus, and Brian Golden of CBRE. Jimo Liu of ... The post Worldwide Logistics Leases 450K SF in Sayreville appeared first on Connect CRE.
Chicago-based Habitat announced a joint venture with M/I Homes of Chicago to develop The Bowery of Highland Park, a community of 227 townhomes on the former Solo Cup Company site in Highland Park, Illinois. The firms are scheduled to close on the property at 1700 Old Deerfield Road this spring and begin construction in the second ... The post Habitat JV to Redevelop Former Solo Cup Site in Highland Park as Townhomes appeared first on Connect CRE.
MassDevelopment has issued a $29-million tax-exempt bond on behalf of 2Life Solimine 4% LLC, an affiliate of 2Life Communities Inc., which is developing 150 new units of seniors housing at 500 Lynnfield St. in Lynn. The bond supports construction of 105 of the project’s 150 total housing units and was purchased by Citizens Bank. In ... The post Tax-Exempt Bond Helps Finance New Seniors Housing in Lynn appeared first on Connect CRE.
Connect Commercial Real Estate’s ninth annual Next Generation Awards in 2025 put the spotlight on 110 of commercial real estate’s most talented young professionals. Now we’re gearing up to do it again, with an all-new class of honorees, and we welcome your input for our 10th annual Connect CRE Next Generation Awards. As in previous ... The post Spotlight a Rising Star in Connect CRE’s Tenth Annual Next Generation Awards appeared first on Connect CRE.
Portman Residential is moving ahead with a two-tower Houston apartment venture in which the buildings are across the street from each other but will be connected via a pedestrian bridge. The Houston Business Journal reports that the $54 million apartment development near the intersection of Washington Avenue and Heights Boulevard will include two towers totaling ... The post Portman Advancing Houston Apartment Venture appeared first on Connect CRE.
Rosewood Property Company has received zoning approval from the Plano City Council for its 156-acre mixed-use development, Heritage Creekside, located near the intersection of U.S. 75 (Central Expressway) and President George Bush Turnpike. Rosewood is replacing much of the previously planned office and hotel space, and replacing it with entertainment, retail, restaurant and mixed-use for-rent ... The post Rosewood Greenlit for Plano Mixed-Use Development appeared first on Connect CRE.
Equus Capital Partners offloaded 5300 Memorial Drive, a 153,671-square-foot, boutique office building in Houston. JLL represented Equus and procured the buyer, CAMCO Investment Group. JLL also worked on behalf of CAMCO to secure the five-year acquisition loan through Cornerstone Capital Bank. JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by ... The post Camco Obtains Inner Loop Office Building appeared first on Connect CRE.
Knightvest Capital acquired the Ardan community in Dallas. Built in 2018, the Class A, 389-unit high-rise community is located in the West Village neighborhood of Uptown Dallas. Brookfield Properties was the seller. Knightvest Capital secured a $112 million acquisition loan. Knightvest plans to implement a comprehensive value-add renovation program at Ardan, investing significant capital to ... The post Knightvest Acquires 389-Unit Uptown Dallas Apartment Community appeared first on Connect CRE.
Shopping centers continue to defy the “dead mall” narrative, reinventing themselves and often thriving, Placer.ai says in a new white paper. As a case in point, both indoor malls and open-air shopping centers have posted consistent year-over-year traffic growth for the past two years, although outlet malls have experienced slight declines. All three formats recorded ... The post Indoor Malls Can Win at Drawing Traffic appeared first on Connect CRE.
TMGOC Ventures inked a $104.5 million loan to facilitate the construction financing for the Ritz-Carlton Savannah, a 15-story luxury hotel located in the heart of Savannah’s Historic District. Walker & Dunlop Capital Markets Institutional Advisory and Walker & Dunlop Hospitality Advisory partnered to arrange the transaction for TMGOC Ventures. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Ari Hirt, Sean ... The post Savannah Ritz-Carlton Developer Lands $104.5M Construction Loan appeared first on Connect CRE.
Kurv Industrial is building two speculative warehouses on a site in Doral that is currently home to eight office buildings. Seven of the eight buildings will be demolished to make way for the new industrial development. One currently occupied office building will remain. The 16 acre site is at 7705 NW 48th Stre. One of ... The post Kurv to Raze Doral Office Property, Warehouses on Way appeared first on Connect CRE.
The Gotham Organization and The DeNunzio Group began work on their mixed-use development, The Bluffs, in downtown Clearwater. The milestone follows the capitalization of the project with a $160 million construction financing package, including a $115 million senior loan from Wells Fargo and $45 million in mezzanine debt and preferred equity from Schroders Capital and ... The post Gotham, DeNunzio Teaming Up on 400-Unit Clearwater Rental Community appeared first on Connect CRE.
Basis Industrial and One Investment Management acquired an 839,001-square-foot shallow bay industrial package spanning the Atlanta and Orlando markets for $144.6 million. Albany Road Real Estate Partners was the seller. The acquisition was completed as part of a joint venture between Basis Industrial and OneIM that, including leverage, is expected to aggregate and own between $1 billion and ... The post JV Picks Up Atlanta/Orlando Warehouse Portfolio for $144.5M appeared first on Connect CRE.
Funding has been secured for the construction of a new building at the River’s Edge apartment, office and retail complex in Medford, MA. The Boston Business Journal reported that an affiliate of Dallas-based Criterion Development Partners registered a $64-million mortgage for a parcel that will add 224 apartments at the complex. The site, which runs ... The post Dallas-Based Criterion to Add More Apartments at Medford’s River Edge Mixed-Use appeared first on Connect CRE.
Suffolk has been awarded the construction management of California Polytechnic State University’s large-scale student housing expansion that will significantly increase on-campus housing capacity through new modular construction and renovations. The $1.2-billion housing program will add approximately 3,600 new student beds and renovate roughly 1,200 existing beds on the San Luis Obispo campus. “Cal Poly has set an ambitious vision ... The post Suffolk Will Oversee Cal Poly’s $1.2B Student Housing Expansion appeared first on Connect CRE.
Clay, a New York City-founded artificial intelligence go-to-market platform, will significantly expand its headquarters in Manhattan, leasing 163,095 square feet of office space at SL Green Realty Corp.’s 11 Madison Ave. in the Flatiron District. To support the project, Empire State Development (ESD) is offering Clay up to $9,960,000 in performance-based Excelsior Jobs Program tax ... The post AI Platform Clay Upsizes Manhattan Headquarters, Plans to Hire 500 appeared first on Connect CRE.
The Dinerstein Cos. paid $137.3 million for a 218-unit apartment complex at 3222 E. 1st Ave in Denver. The sales price equates to nearly $630,000 a unit. The 12-story luxury apartment building, Steele Creek, sits at the edge of Cherry Creek North, a desirable Denver neighborhood. UDR was the seller of the multifamily community. The ... The post Cherry Creek Apartments Trade for $137.3M appeared first on Connect CRE.
U.S. apartment rents inched upward in March 2026, according to reports from Apartment List and Apartments.com. Apartment List put growth for the month at 0.5%, the second consecutive monthly increase following six months of declines, while Apartments.com data showed the national average rising to $1,723, a +0.2% increase from February’s upwardly revised level of $1,719. ... The post U.S. Apartment Rents Eke Out Monthly Increase in March appeared first on Connect CRE.
St. David’s South Austin Medical Center is set to embark on a $180 million expansion that includes a new four-story patient tower, enhancing its ability to meet the growing healthcare needs of the South Austin community. Construction on infrastructure to support the tower will begin on March 2, with construction on the tower itself beginning ... The post Austin’s St. David’s Hospital Set for $180M Expansion appeared first on Connect CRE.
KA Residences is set to be one of Houston’s newest wellness-focused luxury residence brands situated near the River Oaks. Moiz Bhamani, the founder of Eletell Development Company, is developing the project with Houston-based interior designer Nina Magon. Community Impact reports the development will offer 25 “ultra private” residents described as “sky villas.” The homes will include ... The post Wellness-Focused Luxury Condos to Debut in Houston appeared first on Connect CRE.
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and JV partner Tokyu Land Corporation have broken ground on a 281-unit multifamily community in Richardson. The four-story project is expected to be delivered by the fourth quarter of 2027. The City of Richardson has provided Tax Increment Financing (TIF) support for the project, ... The post JV Breaks Ground on 281-Unit Richardson Rental Community appeared first on Connect CRE.
Merit Partners, with the help of construction lead Stevens-Leinweber Construction completed and delivered Merit 27 Buckeye, a unique industrial infill redevelopment that is now fully leased in Phoenix’s emerging 27th Avenue Corridor. Butler Design Group is the architect. Located on 18 acres at the southeast corner of 27th Avenue and Buckeye Road, Merit 27 Buckeye transforms ... The post 256K-SF Buckeye Warehouse Project Replaces Former Elementary School appeared first on Connect CRE.
NewQuest has broken ground on the multi-tenant component of the $400 million Texas Heritage Marketplace. The multi-tenant phase is focused on five acres of park-like greenspace, now dubbed Heritage Grove, surrounded by 35,000 square feet of dining concepts and spa- or fitness-related retail, and 100,021 square feet for four junior anchors in the bull’s-eye of the ... The post Newquest Announces Milestone for $400M Katy Development appeared first on Connect CRE.
“I don’t think a lot of people realize how global our industry has become.” That’s Gunnar Branson, CEO of Afire, on the interconnected nature of commercial real estate in 2026. In the inaugural episode of CREative Insights, a new podcast series from Connect CRE and NAIOP SoCal, Hanson shared insights on cross-border investment and the ... The post AFIRE’s Gunnar Branson: U.S. CRE Continues to Be Seen as Safest Investment (VIDEO) appeared first on Connect CRE.
Olmstead Properties and the investment platform Vertex have signed more than 67,000 square feet of leases at 373 and 381 Park Avenue South, including new deals with real estate brokerage firm The Corcoran Group and AI company Stuut Inc., as the new owners kick off an extensive repositioning of the Flatiron District office buildings. Ownership said the leasing activity—representing roughly 20% of the ... The post Olmsted, Vertex Ink 67K SF in Deals at Newly Acquired Park Ave. South Offices appeared first on Connect CRE.
PIR Commercial Realty has launched its commercial real estate brokerage, headquartered in Laguna Niguel and serving California’s major markets from Los Angeles and Orange County to San Diego, San Francisco and key suburban submarkets throughout the state. Founded by Anna Murphy, PIR Commercial Realty enters the market with a distinct focus: delivering senior-level brokerage expertise ... The post PIR Commercial Realty Launches with Focus on Sophisticated Sponsors appeared first on Connect CRE.
King Street Properties and development partner GFP Real Estate today said that Innolabs in Long Island City has reached full occupancy following the signing of a 15,763-square-foot lease with Rover Diagnostics. Rover Diagnostics will occupy a ground-floor, pre-built lab suite at the 267,000-square-foot lab property. “Achieving full occupancy at Innolabs is a reflection of the quality of our ... The post Innolabs in LIC Reaches Full Occupancy with Rover Diagnostics Lease appeared first on Connect CRE.
RAF Pacifica Group (RPG) has completed the sale of a 59,828-square-foot industrial building fully leased to electric vehicle manufacturer Rivian Automotive and located at 3280 Corporate View, in Vista. Terms of the deal were not disclosed. RPG partnered with CenterSquare Investment Management on the asset, with Cushman & Wakefield representing the selling firms. RPG said the property benefits from its proximity to some of North San Diego County’s ... The post RPG Sells Rivian-Leased Industrial in Vista appeared first on Connect CRE.
Cushman & Wakefield has been retained by American Sugar Refining to market for sale The Refinery District, a 33-acre waterfront development site located at 1 Federal St. in Yonkers. The offering represents the final large-scale development opportunity along the Yonkers waterfront, accordng to Cushman & Wakefield. The offering presents an opportunity to develop approximately 2,650 ... The post Cushman & Wakefield Tapped to Market Large-Scale Site on Yonkers Waterfront appeared first on Connect CRE.
Simon’s Merrimack Premium Outlets in Merrimack, NH has made several new additions to its lineup, including Feng’s Chopsticks, Hyperclaw Arena and Naughty Waffle, which will make its New Hampshire debut at the outlets. Feng’s Chopsticks has already opened at the outlet center, while Naughty Waffle is expected to open later this month, followed by Hyperclaw Arena ... The post Merrimack Premium Outlets Adds Three New Tenants appeared first on Connect CRE.
The Colliers Sacramento Multifamily Team has closed the $16-million sale of 2850 Cottage Way, a 100-unit apartment property in Sacramento. The property traded at 6.53% cap rate. The sale posed its share of hurdles along the way. “This was our team’s second time working with this investor on acquiring multifamily property in Sacramento,” according to ... The post Colliers Team Brings Sacramento Deal Across the Finish Line appeared first on Connect CRE.
Dallas-based Allan Bailey Johnson Group has paid $134.5 million to acquire 201 Maple St., a regional headquarters for the FBI in Chelsea, MA, reported the Boston Business Journal. The seller was ACS Development of Chelsea, which bought the site in 2003 for $3 million. The FBI moved into 201 Maple in 2016, choosing the more secure, ... The post Regional FBI Headquarters in Chelsea Fetches $135M appeared first on Connect CRE.
California rental housing developers could be required to fund grocery store construction or set aside space for a future store near their projects under a bill being considered in the state Legislature, the California Apartment Association reported. It has been referred to the Assembly Committee on Housing and Community Development after being approved 5-0 by ... The post California Bill Could Require Apartment Developers to Fund Grocery Construction appeared first on Connect CRE.