Boston Capital closes $84m California Tax Credit Fund

by Released | Apr 16, 2020

Boston Capital announced the closing of The California Corporate Tax Credit Fund IX, a portfolio of six affordable apartment properties for families in California, with a fund size of $84 million.

CIM Group sells Inglewood shopping center

by Andrea Zander | Apr 15, 2020

Capital Insight and its joint venture Parallel Acquisitions and Holdings have acquired Inglewood Plaza.

Sam’s Carpet sells Bronx neighborhood building

by Released | Apr 15, 2020

Sam’s Carpet, a long-term owner-operator, has sold 3041 Webster Avenue, a development opportunity in the Norwood neighborhood of the north Bronx, N.Y.

OZC seeks investors for U.S. qualified opportunity zone fund

by Kali Persall | Apr 15, 2020

Opp Zone Capital (OZC), a Delaware limited liability company, is seeking investors for its new qualified opportunity fund, targeting mixed-use, multifamily, self-storage and hotel development assets in the Southeast and Southwest United States.

Cawley Partners sells two-building campus in Texas

by Released | Apr 15, 2020

Cawley Partners has sold Toll Hill Office Park, a two-building, class A office campus totaling 248,045 square feet in Dallas, Texas.

Hines partnership adds land for Walter Reed redevelopment

by Released | Apr 15, 2020

Hines, Urban Atlantic, and Triden Development Group along with joint venture partner, Bridge Investment Group, have closed on one-and-a-half acres at The Parks at Walter Reed to develop The Hartley, a 323-unit luxury, multifamily property, anchored by natural and organic grocer Whole Foods Market.

Walton sells 270 acres in Buckeye master plans

by Andrea Zander | Apr 14, 2020

Walton has sold 270 acres in the Mystic Vista and Vista Bonita master plans located in Buckeye, Ariz.

Juniper Square: Survey of COVID-19 impacts on commercial real estate

by Andrea Zander | Apr 14, 2020

Most tenants are seeking deferrals, and discussions are widespread, said Juniper Square customers in the firm’s survey of the impact of COVID-19 on areas such as rent collections, lender workouts and overall outlook. 

Nicholas Bryer joins Roxborough as senior vice president

by Released | Apr 14, 2020

The Roxborough Group has hired Nicholas Bryer as senior vice president. B

Medical office well positioned for quick recovery

by Andrea Zander | Apr 14, 2020

The medical office sector is likely to recover quickly following an economic downturn caused by COVID-19 and the efforts to contain it.

Hong Kong-based company spends $63m on Arizona residential community

by Andrea Zander | Apr 14, 2020

Hong Kong–based Button Capital has paid $63.5 million for Park Place at Fountain Hills, a class A multifamily community located in Fountain Hills, Ariz.

DLC sells top-performing Publix center in Atlanta submarket

by Released | Apr 14, 2020

DLC Management Corp. has sold Five Forks Corners, an 88,646-square-foot, dominant, Publix-anchored shopping center in the affluent Atlanta-area submarket of Lilburn, Ga.

Las Vegas named metro with the most employment at risk

by Andrea Zander | Apr 14, 2020

The most job losses will be concentrated in the lodging and hospitality, retail trade, mining, logging, and construction sectors; however, the impacts will vary by metro, reported Yardi Matrix, with tourism-focused markets among those at greatest risk.

Canadian REIT sells three noncore properties in Texas

by Andrea Zander | Apr 13, 2020

BSR REIT has sold three noncore properties, comprising 632 apartment units, as part of the REIT's portfolio enhancement and capital recycling strategy.

Brennan expands investment team for largest regional portfolio

by Released | Apr 13, 2020

Brennan Investment Group has promoted Luke McCarthy to senior associate with a focused responsibility to acquire industrial assets in the Milwaukee/Minneapolis markets.

Multifamily market rebound expected to begin in Q4 2020

by Andrea Zander | Apr 13, 2020

CBRE Econometric Advisors (CBRE EA) projects multifamily fundamentals will take a sharp downturn before a rebound beginning in the fourth quarter 2020 for vacancy and first quarter 2021 for rents.

March REIT capital formation slows as investors size up impact of COVID-19

by Released | Apr 13, 2020

Multifamily market to rebound to begin in Q4 2020

Technological obsolescence and demand drivers for data centers

by Denise DeChaine | Apr 13, 2020

There are certain considerations that investors should consider when investing in data centers: lease structures, the illusion of smaller devices and data usage.

South Korean investor buys Chicago residential tower

by Andrea Zander | Apr 10, 2020

A joint venture among Strategic Properties of North America, Integrated Capital Management and South Korean investment firm Mirae Asset Daewoo has acquired a rental tower north of downtown Chicago.

Senior housing occupancy remains stable in Q1 2020

by Released | Apr 10, 2020

Senior housing occupancy decreased slightly to 87.7 percent in first quarter 2020, according to new data from the National Investment Center for Seniors Housing & Care.

Big Lots announces $725m sale-leaseback agreement

by Andrea Zander | Apr 10, 2020

Big Lots has entered into sale and leaseback agreements with affiliates of Oak Street Real Estate Capital relating to the company's distribution centers.

Clarion Partners pays $21m for Philadelphia-area industrial property

by Released | Apr 10, 2020

ICS Corp. has sold an 183,000-square-foot, fully leased industrial warehouse and distribution property at 100 Friars Blvd. in West Deptford, N.J.

CalPERS promotes Daniel Bienvenue to new deputy CIO role

by Kali Persall | Apr 10, 2020

The $388.9 billion California Public Employees’ Retirement System (CalPERS) has promoted Daniel Bienvenue to deputy CIO for the total portfolio strategy.

Southern California mixed-use center to be repositioned to medical arts plaza

by Andrea Zander | Apr 9, 2020

Packing House Square, a mixed-use center located at 18180-18389 Yorba Linda Blvd. in Yorba Linda, Calif., will be repositioned into a medical arts plaza with a medical anchor tenant.

Cedarwood Development completes construction of first U.S. self-storage facility

by Released | Apr 9, 2020

Fairlawn, Ohio-based Cedarwood Development, an affiliate of Cedarwood Cos., has completed construction of its first self-storage facility in the United States, a 787-unit, 117,000-square-foot property located at 930 Sligh Boulevard in Orlando.