• Oakhill

    Audubon Doubles Down on Athens with Latest Acquisition

    January 14, 2020 – Audubon, an Atlanta-based real estate firm specializing in the acquisition and management of multifamily properties, announced last Friday they have closed on the purchase of Oak Hill Apartments in Athens, GA. Following this acquisition, Audubon now owns and manages a 25-property portfolio containing more than...
  • Mount Laurel Office Center

    Investor Acquires The Mount Laurel Office Center in Southern New Jersey

    January 14, 2020 – JLL Capital Markets announced today that it has closed the $11.05 million sale of The Mount Laurel Office Center, an 83,216-square-foot office portfolio located at 530, 532, and 534 Fellowship Road in Mount Laurel, New Jersey. JLL represented the seller, Pennmark Properties, and procured the...
  • Greg Brown

    Greg Brown Named to Co-Lead JLL Capital Markets in Orange County

    January 14, 2020 – JLL announced today that Senior Managing Director Greg Brown has been appointed to co-head JLL Capital Markets in its Orange County office. Mr. Brown will lead the Orange County debt and equity placement business alongside Senior Managing Director Sean Deasy, who will continue to oversee...
  • The Future of Retail is Omni-Channel

    January 13, 2020— Retail is not dead… It’s just evolving. If you don’t evolve you die as the saying goes. So what is Omni-Channel retail and why have companies started to focus on this strategy? Omnichannel is a cross-channel content strategy that organizations use to improve their user experience....
  • 570 Laguna

    Carlsbad Village Development Parcel Sold for $5M

    January 13, 2020—- Colliers International San Diego Region announces the sale of a 30,492-square foot development parcel located in the Carlsbad Village for $5,000,000. The property is slated for development and currently houses a single family residence and single story medical building. Amy McNamara and Joe Brady of Colliers...
  • Long Island City’s Condo Boom Continues, with the Launch of Eleven28

    January 13, 2020— Sales have officially launched for Eleven28, a new, 6-story luxury condominium, adding 9 chic one- to three-bedroom homes to Queen’s evergrowing Long Island City neighborhood. Queens-based brokerage Modern Spaces is exclusively handling marketing and sales for the building, where units range from $640,000 to $1.365M. Eleven28...
  • Capital Center

    Bridge Investment Group LLC Acquires Capital Center and Somerset Corporate Center in Metro Raleigh

    January 13, 2020— Bridge Investment Group LLC’s (Bridge) subsidiary Bridge Office Fund Manager (Bridge Office) announced today the acquisition of two Class-A office assets in North Carolina’s capital city. Both properties — Capital Center, a seven-story, 161,698-square-foot building in West Raleigh, and Somerset Corporate Center which contains two buildings...
  • Astoria Portland

    The Astoria in Portland, OR Sells for $12M

    January 13, 2020— Kidder Mathews is pleased to announce the sale of The Astoria apartments for $12,000,000. The 68-unit apartment complex is located at 1913 N.E. 73rd Avenue in Portland, Oregon. Kidder Mathews’ team of multifamily investment brokers, Jordan Carter, Clay Newton, and Tyler Linn, exclusively represented both the...
  • Hilton Hotel San Jose

    Hilton San Jose Hotel Sold for $117.55M

    January 13, 2020 – JLL Hotels & Hospitality announced today that it has closed the $117.55 million sale of the 353-room Hilton San Jose in downtown San Jose on behalf of the seller, Han’s Holdings Group Ltd. Senior Managing Director John Strauss and Executive Vice President Mark Fraioli led...
  • 2140 W Pinnacle Peak

    One of the Largest Single-Tenant Industrial Buildings in the Deer Valley Submarket Sells for $17M

    January 13, 2020— Pinnacle Peak CO, LLC, an investment company based out of Bellingham, Washington, has paid $17,000,000 cash for the sale of an industrial manufacturing building located at 2140 West Pinnacle Peak Road in Phoenix, Arizona. The building was purchased from Thul, LLC, a principle of APSM Systems,...
  • Tesla

    Largest Tesla Facility in Arizona Sold to Chinese Investor

    January 13, 2020 – Cushman & Wakefield announced that Sunrise Investment 8300 LLC has purchased 8300 East Raintree Drive in Scottsdale, Ariz. for $13.95 million. The entire facility is occupied by Palo Alto based Tesla NASDEQ: TSLA (www.tesla.com) on a long-term net lease. Michael Kitlica, national NNN leased asset...
  • Westlake Plaza

    Newport Capital Partners Sells Westlake Plaza in Chicago

    January 13, 2020 – JLL Capital Markets announced today that it has closed the sale of Westlake Plaza, a 42,018-square-foot, internet-resistant neighborhood shopping center in Chicago’s affluent Northshore community of Wilmette, Illinois. JLL represented the seller, Chicago-based Newport Capital Partners. A private real estate fund advised by Crow Holdings...
  • T Mobile Chicago

    New Two-Tenant Aspen Dental and T-Mobile Trades in Chicago Metro

    January 10, 2020 — Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a new-construction, two-tenant, retail pad building occupied by an Aspen Dental-branded practice and T-Mobile in...
  • Urban Air

    WPC Leases to Urban Air Adventure Park in Frederick, MD

    January 10, 2020—- Washington Property Company (WPC) of Bethesda, MD is bringing an exciting family entertainment destination to its Ballenger Creek Plaza shopping center in Frederick, MD. Urban Air Adventure Park has leased a 40,484 square foot space formerly occupied by a furniture store, with plans to open in...
  • Microsoft Plaza

    Julie Smith-Clementi and Frank Clementi Launch Full-Spectrum Design Firm

    January 10, 2020— Julie Smith-Clementi AIA, IDSA, ULI, and Frank Clementi, FAIA, AIGA, have announced their new firm, Smith-Clementi, offering the full spectrum of place-based design from acknowledged leaders in their fields. The places crafted by Julie and Frank have had transformative impacts in Southern California, nationally and abroad....
  • Rockvale

    Avison Young Completes $7.5 Million Sale of 34-Unit Apartment Property in Azusa, CA

    January 10, 2020 – Avison Young announced today the $7.5 million sale of Rockvale Apartments, a 34-unit, multifamily property located at 333 N. Rockvale Avenue in Azusa, CA (Los Angeles county). Avison Young’s Peter Hauser, Matt Hauser and Masa Ito in the company’s Irvine, CA office, represented the seller,...
  • Buchanan Street

    Buchanan Mortgage Funds $55M Construction Loan

    January 9, 2019— Buchanan Street Partners closed a construction loan for The Orchard, a 177,000 SF mixed-use residential and retail development located in Azusa, CA. The $55,000,000 loan will be used to build 163 market-rate apartments over 31,700 SF of retail. The development represents the borrower’s second mixed-use development...
  • 45-18 Court Square

    Long Island City life science project receives $156M in financing

    January 9, 2020 – JLL Capital Markets announced today that it has arranged $156 million in construction financing for the adaptive re-use of 45-18 Court Square into a Class A, state-of-the-art life science building in the Long Island City neighborhood of Queens, New York. JLL worked on behalf of...
  • 1460 India Street

    Forge Acquires 1460 India Street for Innovative Workforce Housing Project

    January 9, 2020– Forge Development Partners (Forge), a privately held San Francisco real estate development firm, is proud to announce its acquisition of the property located at 1460 India Street. With this acquisition, Forge hopes to perpetuate the workforce history and legacy of the area that is Little Italy....
  • Crowne Plaza Portland

    Crowne Plaza Portland-Lake Oswego sold to BHG Hotels

    January 9, 2020 – JLL announced today that it has closed the sale of and arranged acquisition financing for the Crowne Plaza Portland-Lake Oswego, a 161-room, full-service hotel in the Portland-area community of Lake Oswego, Oregon. JLL Hotels & Hospitality marketed the property on behalf of the seller. BHG...
  • Landsea Homes Goodyear

    Landsea Homes to Celebrate Grand Opening of New Community in Goodyear, Centerra

    January 9, 2020 – Potential homebuyers seeking a one-of-a-kind community with single-family homes are invited to tour the highly anticipated model homes at Landsea Homes’ newest community, Centerra on Saturday, January 18 at 11 a.m. in Goodyear. The grand opening event will feature refreshments, giveaways, a balloon artist and...
  • Taxi-III

    Denver Creative Office Project Receives $27M Refinancing

    January 9, 2020 – JLL Capital Markets announced today that it has arranged a $27 million refinancing for TAXI III, a two-building, Class A creative office project totaling 91,775 square feet in the RiNo neighborhood of Denver, Colorado. JLL worked on behalf of the borrower, Zeppelin Development, to secure...
  • Harms Road Industrial Park

    Five-Building Industrial Park in Houston Trades Hands

    January 9, 2020 – JLL Capital Markets announces that it has closed the sale of Harms Road Business Park, a five-building industrial park totaling 124,000 square feet in Houston’s highly sought-after Northwest Industrial submarket. JLL marketed the property along with NAI Partners on behalf of the seller, United Equities,...
  • MIPIM 2020

    City-dwellers take centre stage in MIPIM 2020 conversations

    January 8, 2020— MIPIM 2020 will turn the spotlight on how cities need to reinvent themselves to meet their inhabitants’ aspirations for a better quality of life. The central theme of next year’s event – ‘the Future is Human’ – is a follow-on from last year’s discussions about sustainable responsibility....
  • CT Realty Columbus

    CT Realty Set to Develop 5.7-MSF Logistics Park in Columbus, Ohio

    January 8, 2020 – CT Realty has expanded its nationwide logistics portfolio with the purchase of 382 acres of industrial land in Columbus, Ohio for the development of 5.7 million square feet of large-scale warehouse and distribution space. Located in the largest and best-performing industrial submarket of Columbus, the...
  • Buie, Lawler, Metzler

    Co-Ceo of Hines Retires

    January 8, 2020– James C. Buie, Jr., Co-CEO, West Region and Asia Pacific, and longtime veteran of Hines, announces his retirement from the international real estate investment firm effective January 1, 2020. Since joining Hines 40 years ago in 1980, Mr. Buie has been involved in all phases of the development process and...
  • Ingram Park

    Franklin Street Closes $8.2 Million Multifamily Asset Sale in Miami-Dade MSA

    January 8, 2020 – Franklin Street has negotiated the sale of Ingram Park Apartments, a 118-unit rental community located at 14255 – 14460 NW 22nd Avenue in Opa-Locka, Fla., approximately 20 minutes northwest of Miami. Hernando Perez, Joe Rubin and Oscar Banegas of Franklin Street’s multifamily investment sales team...
  • steve wozniak mipim

    Steve Wozniak to give keynote speech at MIPIM 2020

    January 8, 2019— Steve Wozniak, Apple co-founder, will speak at MIPIM on Wednesday 11 March at 10 am at the Palais des Festivals in Cannes, France. Organised by Reed MIDEM, a subsidiary of Reed Exhibitions, MIPIM, the World’s Leading Property Market, will be held in Cannes from 10 to 13 March...
  • Avison Young Phoenix

    Avison Young Grows Phoenix Office, Expands its Office Footprint

    January 8, 2020 – David M. Genovese, Avison Young Principal and Managing Director in Arizona, announced today that the firm’s Phoenix office is expanding. It has signed a new, six-year lease totaling nearly 12,000 square feet (sf) that will accommodate its growing team as well as elevate its corporate...
  • ATI Physical Therapy

    Avison Young awarded 134K SF office building sale listing in suburban Chicago

    January 8, 2019 – Avison Young has been awarded the exclusive disposition assignment for a fully-leased, 134,697-square-foot (sf) corporate office building in the Chicago suburb of Bolingbrook, IL. The building is 100% leased on a long-term basis to ATI Physical Therapy, a leading U.S. outpatient healthcare provider with 887...
  • Wilmington

    Five-Portfolio 26-Property Multifamily Sale Underway in Los Angeles

    January 8, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of two of five portfolios in the Armor Portfolios, a 26-property, 642-unit collection of multifamily assets in Los Angeles with...
  • The Jax

    Casoro Group Secures $35.5M Financing for The Jax

    January 8, 2020 – JLL Capital Markets announced today that it has arranged $35.5 million in financing for The Jax, a 322-unit multi-housing property in Northwest San Antonio. JLL worked on behalf of the borrower, Casoro Group, to secure the five-year, floating-rate acquisition loan through Nexbank. The Jax is...
  • Mark Read

    Mark Read Named to 2020 SD 500 List of The Most Influential People in San Diego

    January 7, 2019— Mark Read, Kidder Mathews Southwest regional president of brokerage, has been recognized for making the San Diego Business Journal’s 2020 SD 500 The Most Influential People in San Diego list. The list focuses on influential people in San Diego who are making a significant impact on...
  • 201 N Charles

    Hubris Capital purchases Baltimore office properties for $29.228M

    January 7, 2020 – JLL Capital Markets announced today that it has closed the sale of 100 South Charles-Tower II and 201 North Charles, two office properties totaling $29.228 million in Downtown Baltimore, Maryland. JLL represented both sellers in separate transactions. An investor led by Dallas-based Hubris Capital purchased...
  • Umbrella Factory Brooklyn

    JLL Arranges $63.6M Refinancing for The Umbrella Factory in Brooklyn

    January 7, 2020 – JLL Capital Markets arranged a $63.6 million loan to refinance The Umbrella Factory at 722 Metropolitan Avenue, a mixed-use condominium and retail development in the Williamsburg neighborhood of Brooklyn, New York. The group worked on behalf of Local Capital Group LLC and SL Development LLC...
  • The Groves

    Cushman & Wakefield Arranges the Sale of The Groves for $18.5 Million

    January 7, 2020 – Cushman & Wakefield completed the sale of The Groves, a Walmart shadow anchored shopping center located in Tempe, Ariz. Jabbel Holdings, LLC purchased the property for $18.5 million. Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of...
  • Mynd

    Mynd Property Management More Than Triples Its Size in 2019

    January 7, 2020 — Mynd Property Management, a property management firm serving the small residential sector with a combination of on-the-ground experts and innovative technology, announced today that it has achieved a number of significant growth milestones in 2019. The company has tripled its size through M&A and organic...
  • Stevens Road Bend

    Cushman & Wakefield Brings 382 Acres of Land to Market for Sale in Bend, OR

    January 7, 2020– Cushman & Wakefield announced today the firm has been retained as exclusive advisor by Oregon Department of State Lands for the sale of approximately 382 acres of land located in Bend, Oregon. Referred to as the Stevens Road Tract, the property is currently unentitled, however, is...
  • 4142 Cahuenga

    Lee & Associates-LA North/Ventura Transacts 10-Unit Multifamily Sale

    January  6, 2020 – A 10-unit multifamily property, Colonial Manor Apartments, at 4142-4152 Cahuenga Blvd. in the Toluca Lake submarket of Los Angeles has traded for $3,615,000, nearly half a million dollars above list price, according to Warren Berzack, a principal of Lee & Associates-LA North/Ventura, who represented the...
  • Paramount Murals

    Paramount Assets Partners in ‘Four Corners Public Arts’ Initiative

    January 6, 2020 – Four Corners Public Arts’ partners, supporters, artists and Newark residents recently celebrated the conclusion of the initiatives’ first phase – a series of 14 murals that have transformed facades and surfaces on Treat Place and Beaver Street in the City’s Downtown District. The multi-phase project...