News

EJF Capital, Crimson Canyon JV refinance Buckeye warehouse outside Phoenix

by RELEASED | May 6, 2024

F Capital and joint venture partner Crimson Canyon (Crimson) announced the successful close of a permanent financing facility for a warehouse in Buckeye, Ariz., a western suburb of Phoenix.

Affiliate of Zurich Alternative Asset Management sells class A distribution center in Charlotte, N.C.

by Denise Moose | May 6, 2024

An affiliate of Zurich Alternative Asset Management announced that it sold CBI Distribution Center, a 60,000-square-foot, mission-critical logistics facility located in Charlotte, N.C.

New Orleans Marriott Courtyard and Springhill suites hotels sells for $73m

by Denise Moose | May 6, 2024

Hospitality Real Estate Consultants (HREC), together with Cushman Wakefield Commercial Real Estate Services, announced the sale of the 410-room Marriott dual-branded New Orleans Courtyard and Spring Hill Suites Hotels located near the Ernest N. Morial Convention Center/Arts and Warehouse District of New Orleans’ CBD.

First National Realty Partners acquires Horizon Village in Phoenix

by Denise Moose | May 6, 2024

First National Realty Partners (FNRP) announced the acquisition of Horizon Village in Phoenix.

Consumer spending expected to slow in 2024, says Colliers

by Andrea Zander | May 6, 2024

There is an expected slowdown in consumer spending in 2024, with overall growth slower than in 2023, according to Colliers.

Stockbridge holds $709m final close for fifth value-add fund

by Andrea Zander | May 6, 2024

Stockbridge has held a final close for its fifth fund within its closed-end, value-add series for $709 million in capital commitments.

Cabot JV secures development capitalization for multi-housing development in Massachusetts

by Denise Moose | May 3, 2024

A joint venture involving developer Cabot, Cabot & Forbes announced that it has secured capitalization for 200 Quannapowitt, a 440-unit, transit-oriented multi-housing community to be built in Wakefield, Mass., on Lake Quannapowitt.

Dalfen Industrial continues IOS acquisitions across West Coast

by RELEASED | May 3, 2024

Dalfen Industrial announced the acquisition of five industrial outdoor storage (IOS) sites along the West Coast.

Fortress, COGIR Senior Living secures financing for a 165-unit senior housing asset in Phoenix MSA

by Denise Moose | May 3, 2024

Funds managed by affiliates of Fortress Investment Group and COGIR Senior Living announced that it secured financing for Inspira Arrowhead, a newly constructed senior housing asset in Glendale, Ariz.

KKR: U.S. multifamily housing market sees opportunity amid cyclical challenges

by Andrea Zander | May 3, 2024

Unlike in the office sector, the challenges in U.S. multifamily are cyclical rather than secular in nature, wrote Ralph Rosenberg, KKR’s global head of real estate.