Office Properties Income Trust commences mixed-use redevelopment in Washington, D.C.

by Released | Jul 23, 2021

Office Properties Income Trust announced commencement of a redevelopment project at 20 Massachusetts Avenue NW in Washington, D.C.

37th Parallel Properties closes on 240-unit asset in Atlanta

by Released | Jul 23, 2021

37th Parallel Properties has purchased Parkside Vista.

Mosaic Real Estate Investors co-founder Vicky Schiff departs through investment by Lubert Adler Real Estate Funds

by Released | Jul 23, 2021

MREC Management/Mosaic Real Estate Investors has completed the initial phase of a significant capital investment from Lubert Adler Real Estate Funds.

RCG Ventures JV sells regional power center in Atlanta

by Released | Jul 23, 2021

An affiliate of Atlanta-based RCG Ventures and a New York City–based joint venture partner have sold Stonebridge Square, a 160,391-square-foot regional power center anchored by Kohl’s and Michaels in the Atlanta-area community of Roswell, Ga.

CP Group buys 28-story office tower in Houston

by Released | Jul 23, 2021

CP Group has acquired Five Post Oak Park in Houston.

New multi-housing community near Minneapolis sells for $59m

by Released | Jul 23, 2021

Trident Development has sold The Cielo Apartments, a 269-unit, multi-housing community in the Minneapolis suburb of Fridley, Minn.

Link Logistics Real Estate acquires Long Island development site

by Released | Jul 23, 2021

Dunkirk Realty has sold a 10-acre prime industrial development site in the Long Island community of Hauppauge, N.Y.

The Davis Cos. JV sells multi-housing community in Milwaukee for $53m

by Released | Jul 23, 2021

Milhaus Development and The Davis Cos. have sold Vim + Vigor, a new, 274-unit, mid-rise multi-housing community in the Brewery District of Milwaukee, Wis.

U.S. national office market fundamentals soften, but public health conditions improve

by Released | Jul 23, 2021

The U.S. office market continued to weather the challenges created by the COVID-19 pandemic in second quarter 2021, according to Newmark.

Biotech revolution accelerates demand for lab space

by Andrea Zander | Jul 23, 2021

Boston, the San Francisco Bay Area and San Diego remain the premier markets for life sciences real estate, with demand across all major markets growing by 34 percent since mid-2020, according to CBRE.

Dream Industrial REIT announces sale of U.S. portfolio to new fund vehicle

by Andrea Zander | Jul 23, 2021

Dream Industrial REIT (DIR) has agreed to sell 20 of its U.S. assets (29 buildings in total) to a private open-end U.S. industrial fund for C$210 million ($167 million) and an approximately 25 percent retained interest in the fund.

Pebblebrook Hotel Trust buys Jekyll Island Club Resort in Georgia for $94m

by Released | Jul 23, 2021

Pebblebrook Hotel Trust has acquired the Jekyll Island Club Resort for $94.0 million.

Self-storage well-positioned for post-pandemic growth

by Loretta Clodfelter | Jul 23, 2021

The self-storage industry has performed well amid the COVID-19 pandemic, and is well positioned for the post-pandemic environment, given its inflation-resistant leases and a moderate slowing in new supply.

Chicago City Council approves $3.8b mixed-use project

by Andrea Zander | Jul 22, 2021

The Chicago City Council has given approval, 36 to 13, for the development of Bronzeville Lakefront.

Redfin reports investor home purchases hit record

by Andrea Zander | Jul 22, 2021

Real estate investors purchased 67,943 U.S. homes in the second quarter of 2021, the highest quarterly figure on record.

Massey Oaks Development moves forward with 356-acre master-planned community

by Released | Jul 22, 2021

Massey Oaks Development has plans to develop 372 single-family lots in the first phase of a new master-planned community called Massey Oaks in Pearland, Texas.

JV breaks ground on $2b mixed-use project in Boston

by Andrea Zander | Jul 22, 2021

US2, a joint venture between Magellan Development, RAS Development LLC, Cypress Equity Investments and USAA Real Estate, has broken ground on a $2 billion mixed-use project known as USQ in Somerville, northwest of Boston.

Acceleration of pace of proptech revolution rapidly changing business of real estate

by Released | Jul 22, 2021

The Urban Land Institute (ULI), in partnership with global law firm Goodwin, has published a new report, which it believes lifts the lid on how proptech is increasingly revolutionizing the real estate industry.

Transwestern Investment Group sells 2.9msf Midwest industrial portfolio

by Released | Jul 22, 2021

Transwestern Investment Group (TIG) has sold a 10-building, 2.9 million-square-foot industrial portfolio.

SL Green sells 49% interest in 220 East 42nd Street

by Andrea Zander | Jul 22, 2021

SL Green Realty Corp. has sold a 49 percent interest in 220 East 42nd Street.

Ten Capital Management acquires offices in Illinois

by Released | Jul 22, 2021

Ten Capital Management (TCM) it has completed the acquisition of Two Conway in Conway Park, located in Lake Forest, Ill.

NBIM with Hines break ground on NYC Hudson Square Neighborhood project

by Andrea Zander | Jul 22, 2021

Hudson Square Properties, a joint venture of Trinity Church Wall Street and Norges Bank Investment Management (NBIM), with Hines as the operating partner, has broken ground on 555 Greenwich, a 270,000-square-foot, 16-story office tower in the heart of the burgeoning Hudson Square neighborhood.

Dalfen Industrial acquires large Seattle-area industrial park

by Released | Jul 22, 2021

Dalfen Industrial announced the acquisition of a newly developed, three-building, 711,855-square-foot industrial park in the Seattle.

Union Investment acquires new operators for hotels in New York City and Portland

by Released | Jul 22, 2021

Union Investment has acquired two new, big-name operators for its hotels in New York City and Portland.

Bascom Group continues Las Vegas acquisitions

by Released | Jul 22, 2021

The Bascom Group has acquired a 93-unit single-family rental community within a broader housing district in Las Vegas, Nev.