News

CBRE: Investment volume falls considerably in Q4

by Andrea Zander | Feb 6, 2023

U.S. commercial real estate investment volume fell by 63 percent year-over-year in fourth quarter 2022 to $128 billion.

Shopoff, Artemis JV sells 1.8msf Inland Empire logistics development for $330m

by Andrea Zander | Feb 6, 2023

Shopoff Realty Investments and Artemis Real Estate Partners have sold sale of their I-10 Logistics Center project to a Brookfield Asset Management real estate fund.

Lincoln Property Company announces succession plan

by Released | Feb 6, 2023

Lincoln Property Company Commercial announced a succession plan.

Return of services uplifts job count, highlights strength of retail sector

by Andrea Zander | Feb 6, 2023

January’s employment gain was the most active period for hiring since February 2022, according to Marcus & Millichap.

Harvey Schwartz named CEO of Carlyle

by Released | Feb 6, 2023

Carlyle has appointed Harvey M. Schwartz as CEO and a member of the board of directors.

Harvest Partners mourns the loss of John Wilkins Jr.

by Released | Feb 6, 2023

Harvest Partners has announced the sudden death of John C. “Jay” Wilkins Jr. on Feb. 4.

S. Florida hotel sells for $835m in one of largest U.S. hotel acquisitions since 2021

by Released | Feb 6, 2023

A joint venture between non-U.S. offered real estate funds managed by Credit Suisse Asset Management and real estate funds managed by Trinity Fund Advisors, an affiliate of full-service private real estate investment firm Trinity Real Estate Investments, has acquired The Diplomat Beach Resort in Hollywood, Florida from a Brookfield private real estate fund.

Public Storage proposes to acquire Life Storage

by Andrea Zander | Feb 6, 2023

Public Storage to acquire all outstanding shares and units of Life Storage in an all-stock transaction.

Amherst releases 2023 market outlook report

by Andrea Zander | Feb 3, 2023

Resilience in the housing market, despite softening home prices, according to Amherst in its market outlook report.

Park Hotels & Resorts sells Miami hotel for $118m

by Andrea Zander | Feb 3, 2023

Park Hotels & Resorts has closed on the sale of the 508-room Hilton Miami Airport Blue Lagoon for $118.25 million, or $233,000 per key.

NYSCRF buys medical office portfolio from Heitman for $73m

by Andrea Zander | Feb 3, 2023

The New York State Common Retirement Fund (NYSCRF) has acquired a portfolio of five medical office buildings from Heitman Capital Management Separate Account for $73 million.

January employment gains surprise to the upside with 517,000-job increase

by Loretta Clodfelter | Feb 3, 2023

Employment growth in January was stronger than forecast.

CMCT to grow multifamily portfolio by adding 3 multifamily assets

by Released | Feb 3, 2023

CMCT has expanded its multifamily portfolio.

Equity REITs strengthened in January, up more than 10%

by Loretta Clodfelter | Feb 3, 2023

Equity REITs advanced 10.7 percent in January, according to the FTSE Nareit Equity REITs Index, amid a broad-based stock market recovery. The S&P 500 Index rose 6.3 percent in January, and the tech-heavy Nasdaq Composite increased 10.7 percent.

Christina secures loan to refinance multifamily project in West Hollywood

by Released | Feb 3, 2023

Christina Development Corp. has secured a $1.16 million loan from Citizens Business Bank to refinance 1128 Larrabee, a recently acquired, fully occupied, six-unit multifamily apartment project located north of the world-famous Sunset Strip in West Hollywood.

Interest rates, recession risk have investors on edge

by Jennifer Molloy | Feb 3, 2023

During the past year, markets — and investors — have been reeling from a dizzying number of interest-rate hikes by central banks globally to tame inflation.

Historic office campus to convert into $250m life sciences park

by Released | Feb 2, 2023

SkyREM has plans to convert Philadelphia’s historic Quartermaster site into the Quartermaster Science + Technology Park.

Tishman Speyer makes first multifamily acquisition in Boston

by Andrea Zander | Feb 2, 2023

Tishman Speyer has purchased The Eddy, a recently constructed, high-rise apartment tower located on the East Boston waterfront, from The Green Cities Company for $135 million. 

LRE & Cos., American Hospitality Services unveil plans for 11-acre mixed-use development near Sacramento

by Released | Feb 2, 2023

LRE & Cos. and American Hospitality Services have unveiled full plans for Roseville Junction, a new mixed-use development in Roseville, Calif., a suburb of Sacramento.

The Dinerstein Cos. plans to enter new submarket in Florida

by Andrea Zander | Feb 2, 2023

The Dinerstein Cos. has launched Atlas, the company’s new multifamily brand specializing in class A properties.

CBRE Investment Management Fund acquires residential property in Charlotte, N.C.

by Released | Feb 2, 2023

CBRE Investment Management, on behalf of a separate account client, has acquired Madison Place, a 226-unit residential property located at 3125 Furr Court in Charlotte, N.C.

Two Savannah retail centers sell for $63m

by Released | Feb 2, 2023

JBL Asset Management has acquired two retail centers in Savannah, Ga.

Brennan makes second acquisition in the Baltimore-Washington Corridor

by Released | Feb 2, 2023

Brennan Investment Group has made its second acquisition in the Baltimore-Washington Corridor.

Red Oak Capital launches first hybrid fund for commercial real estate debt

by Kali Persall | Feb 1, 2023

Red Oak Capital Holdings has launched its first hybrid fund for commercial real estate debt — a first-of-its-kind vehicle for the firm.

Blackstone Real Estate Partners X edges closer to $30b fundraising target

by Kali Persall | Feb 1, 2023

Blackstone Real Estate Partners X is nearing its estimated target of $30.3 billion.