Construction costs decrease for first time in a decade

by Released | Jul 14, 2020

Commercial construction costs dipped in the second quarter, declining for the first time in a decade, according to Turner Construction Co.’s quarterly Building Cost Index.

Kennedy Wilson and Fairfax Financial complete first loan on behalf of $2b debt platform

by Kali Persall | Jul 14, 2020

Kennedy Wilson and Fairfax Financial Holdings have closed their first loan in a recently launched $2 billion real estate debt platform.

RISE Properties Trust and Westbrook Partners pay $66m for Seattle apartment

by Andrea Zander | Jul 14, 2020

A joint venture between RISE Properties Trust and Westbrook Partners has finalized the $66.5 million acquisition of Alto Apartments.

Empire State Realty Trust partners on Well Living Lab Alliance

by Released | Jul 14, 2020

Empire State Realty Trust has joined the Well Living Lab Alliance.

Ten Capital Management and Somerset Properties acquire largest iconic office building in Broward County, Fla.

by Andrea Zander | Jul 14, 2020

Ten Capital Management has completed the acquisition of Bayview Corporate Tower located at 6451 North Federal Highway in Fort Lauderdale, Fla. Somerset Properties is a co-general partner on the transaction.

Nonlisted REIT fundraising shows early signs of recovery

by Andrea Zander | Jul 14, 2020

Nonlisted REIT fundraising rose to $454 million in June 2020, up 83 percent from $247 million in May and up 42 percent from $319 million in April, reported Robert A. Stanger & Co.

Invesco Real Estate sells regional Phoenix-area retail center

by Released | Jul 13, 2020

Invesco Real Estate has sold Chandler Pavilions, a 163,594-square-foot, high-traffic, value-add, regional retail center located in Chandler, Ariz.

Chandler Aden joins Gilbane Development Co. in Florida

by Released | Jul 13, 2020

Gilbane Development Co. has hired Chandler Aden as vice president/development director multifamily, based in Boca Raton, Fla.

Baxon Capital announces first Southwest Florida-focused opportunity-zone fund

by Released | Jul 13, 2020

Baxon Capital has plans to launch the first investment fund dedicated exclusively to opportunity-zone investments in southwest Florida.

Watermark Residential begins development of 312-unit multifamily community in Florida

by Released | Jul 13, 2020

Watermark Residential has acquired 17 acres of land in Panama City Beach, Fla.