Boston-area life science and industrial facility trades to JV for $33m

by Released | Mar 2, 2021

A joint venture partnership between Wheelock Street Capital and Camber Development has acquired Sanofi Genzyme’s Northborough Global Operations Center.

NewcrestImage purchases Magnolia Hotel in Dallas

by Andrea Zander | Mar 2, 2021

Local hotel operator NewcrestImage has acquired the Magnolia Hotel in downtown Dallas from Stout Street Hospitality.

U.S. retail sales forecast to exceed $4.33t in 2021 as vaccine rollout expands

by Released | Mar 2, 2021

The National Retail Federation has issued its annual forecast, anticipating that retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more people are vaccinated and the U.S. economy reopens.

JLL Income Property Trust makes second industrial acquisition in Phoenix market

by Released | Mar 2, 2021

JLL Income Property Trust has acquired the Southeast Phoenix Distribution Center.

Mill Creek Residential Trust to develop apartments in Portland, Ore.

by Released | Mar 2, 2021

Mill Creek Residential Trust with its partner has plans to develop Modera Morrison.

Harbor Group International acquires $309m portfolio of Southeast apartments

by Released | Mar 2, 2021

Harbor Group International (HGI) has acquired a portfolio of eight multifamily communities in the U.S. Southeast for $309 million.

San Francisco planning commission approves mixed-use project

by Released | Mar 2, 2021

A joint venture among DM Development, Urban Land Development and Urban Land Capital has announced the San Francisco Planning Commission’s approval of 321 Florida, a residential and retail arts project at Florida and 16th streets in the Mission District.

Invesco, Westmont Hospitality to co-invest in hotel properties

by Andrea Zander | Mar 2, 2021

Invesco Real Estate has signed definitive agreements with affiliates of Westmont Hospitality Group as its strategic partner for a portfolio of IHG branded hotels located in key cities in Germany as well as in Amsterdam.

Prospects for the retail sector in 2021

by Loretta Clodfelter | Mar 2, 2021

The COVID-19 pandemic accelerated trends across commercial real estate sectors.

Vista Investment Group enters Denver market

by Released | Mar 1, 2021

Vista Investment has acquired Signature Center.