Optimum Properties plans modular construction for $120m expansion

by Andrea Zander | Oct 15, 2021

Optimum Properties has plans for a $120 million expansion of Aliro Apartments.

U.S. hotel construction down 48,000 rooms from peak

by Released | Oct 15, 2021

The number of U.S. hotel rooms in construction is down about 48,000 from the country’s all-time high in April 2020 (220,207 rooms), according to September 2021 pipeline data from STR.

Airline passengers up 162% in August, still down from pre-pandemic August 2019

by Andrea Zander | Oct 15, 2021

U.S. airlines carried 66 million passengers in August 2021.

U.S. confidence softens as energy costs bite

by Andrea Zander | Oct 15, 2021

The University of Michigan sentiment index has softened in early October despite COVID-19 case numbers falling sharply, and incomes and wealth rising.

Rent growth continues accelerating in Dallas-Fort Worth industrial market

by Andrea Zander | Oct 15, 2021

The Dallas-Fort Worth (DFW) market's economic resilience and outstanding industrial market performance is sustaining investor interest in deploying capital to the region. Sales volume has reached approximately $5.8 billion during the past 12 months, according to Transwestern.

Lerner Enterprises expands Florida multifamily portfolio

by Released | Oct 15, 2021

Lerner Enterprises has acquired Motion at Dadeland.

Argosy Real Estate Partners acquires site for multifamily development

by Released | Oct 15, 2021

Argosy Real Estate Partners has acquired a fully entitled site of approximately three acres in Indianapolis for the ground-up development of Rise on Meridian.

Starwood Capital Group completes largest capital raise in the firm’s history

by Kali Persall | Oct 15, 2021

Starwood Capital Group has closed its latest opportunistic real estate fund.

Retail leasing picks up in NYC as summer ends

by Andrea Zander | Oct 15, 2021

The Manhattan retail market began to show signs of improvement in the third quarter of 2021, according to CBRE.

Nuveen releases fourth-quarter outlook

by Released | Oct 15, 2021

Global growth is slowing from its fastest pace in decades, as the Delta variant disrupts the recovery, governments gradually withdraw stimulus and policy risks multiply.

Transwestern Investment Group sells warehouse in Inland Empire

by Released | Oct 15, 2021

Transwestern Investment Group (TIG) has sold the Interstate 215 Commerce Center, a 225,353-square-foot industrial building at 1648 Ashley Way in Colton, Calif.

Rockbridge sells two-hotel Pacific Northwest portfolio

by Released | Oct 15, 2021

Rockbridge has sold a two-hotel portfolio located in Portland, Ore., and Vancouver, Wash.

Commercial real estate industry sentiment returns to pre-pandemic level

by Released | Oct 14, 2021

NAIOP, which has created a commercial real estate industry Sentiment Index, reported that sentiment has increased from April and returned to pre-pandemic levels, according to the results from the fall 2021 survey.

High Street Residential and CBRE Investment Management Fund close on multifamily development

by Released | Oct 14, 2021

High Street Residential (HSR), Trammell Crow Company’s residential subsidiary, and joint venture partner CBRE Investment Management, on behalf of the CBRE U.S. Development Partners 5 fund, have finalized plans to build The Residences at Olde Town Station.

Urban Catalyst secures approval for student-housing tower in San Jose

by Released | Oct 14, 2021

Urban Catalyst, Silicon Valley's premier opportunity-zone fund, has secured its special-use permit and vesting tentative tract map for The Mark.

Former PIMCO executive joins BKM Capital Partners as CFO

by Released | Oct 14, 2021

BKM Capital Partners named Bill Galipeau as CFO.

Multi-housing community trades for $30m in Portland area

by Released | Oct 14, 2021

Guardian Real Estate Services has sold Hidden Village, a 98-unit, garden-style multi-housing community in West Linn, Ore., for $30.25 million.

Timberland Partners fund buys fifth property

by Released | Oct 14, 2021

Timberland Partners, real estate investment, management and development firm, has acquired a 206-unit apartment community in Hoover, Ala.

EverWest Real Estate Investors sells distribution center in Aurora, Colo.

by Andrea Zander | Oct 14, 2021

EverWest Real Estate Investors has sold a 220,000-square-foot, class A distribution center fully leased to The Home Depot at 1953 N. Gun Club Rd. in the Denver-area suburb of Aurora, Colo.

Continental Properties Co. brings new fund to market

by Kali Persall | Oct 14, 2021

Continental Properties Co., a privately held, national multifamily and commercial real estate developer, owner and operator, is seeking to raise $186.6 million for its new fund.

ORIX Corporation USA appoints new head of investor solutions for asset management

by Released | Oct 14, 2021

ORIX Corporation USA (ORIX USA) has appointed Jordan Robinson as managing director and head of investor solutions within its asset management business.

KKR JV acquires luxury multifamily in Dallas

by Released | Oct 14, 2021

KKR and Kairoi Residential have bought Novē at Knox.

WPT Industrial REIT receives court approval for $3.1b deal with Blackstone

by Released | Oct 14, 2021

An affiliate of Blackstone Real Estate Income Trust Inc. will acquire all of the outstanding trust units of WPT Industrial Real Estate Investment Trust.

U.S. fast-casual restaurant visits rebound after steep declines in 2020

by Andrea Zander | Oct 14, 2021

U.S. fast-casual restaurants did n.ot fare as well as traditional quick-service restaurants early in the pandemic, but their customers are returning

Another record-breaking quarter for industrial

by Andrea Zander | Oct 14, 2021

The U.S. industrial market ended the third quarter of 2021 with record-setting statistics and demand outpacing supply for the third quarter in a row.