California investor buying West Loop office tower

by Andrea Zander | Nov 1, 2019

Spear Street Capital, based in San Francisco, is under contract to buy the skyscraper at 500 W. Monroe St. in Chicago for $412 million, according to media outlets.

Food service employment increases in preparation for the upcoming holiday season

by Andrea Zander | Nov 1, 2019

Total nonfarm payroll employment rose by 128,000 in October, and the unemployment rate was little changed at 3.6 percent, reported the U.S. Bureau of Labor Statistics. In October, notable job gains occurred in food services and drinking places.

New York City steps up real estate investments in 2019

by Kali Persall | Nov 1, 2019

New York City has released its financial report for fiscal year 2019, disclosing a year-over-year increase in real estate commitments.

Recent commercial real estate transactions

by Lisa Yan | Nov 1, 2019

Transactions reported this week include an apartment building in Massachusetts.

Chicago named greenest city third straight year

by Andrea Zander | Nov 1, 2019

Chicago’s office market was named the greenest in the United States for the third consecutive year, as the green building trend continues to expand in the nation’s largest cities, according to the sixth annual Green Building Adoption Index by CBRE, Maastricht University and the University of Guelph.

Hamilton Zanze makes first acquisition in St. Louis

by Andrea Zander | Oct 31, 2019

Hamilton Zanze has made its first acquisition in the St. Louis metro.

Delaware River Waterfront Corp. issues RFP for 11 acres on Philadelphia waterfront

by Released | Oct 31, 2019

The Delaware River Waterfront Corp. is seeking teams to develop eleven acres of central Delaware River waterfront space.

Trammell Crow Residential JV sells Houston multi-housing property

by Andrea Zander | Oct 31, 2019

Trammell Crow Residential and Cigna Investment Management have sold the Alexan Enclave, a 354-unit, class A multi-housing community located in West Houston’s Energy Corridor.

FCP makes largest Florida acquisition

by Released | Oct 31, 2019

FCP has acquired three apartments in Palm Beach County, Florida, totaling 683 apartment units for $85.5 million.

CIM Group expands in Austin

by Andrea Zander | Oct 31, 2019

CIM Group has expanded its Austin holdings.

UDR pays $270m for suburban Boston apartment property

by Andrea Zander | Oct 31, 2019

UDR Inc. has paid $270.2 million, or $295,405/unit, for the 914-unit Commons at Windsor Gardens apartment property in the Boston suburb of Norwood, Mass.

Technology innovations disrupt restaurant industry

by Andrea Zander | Oct 31, 2019

Food delivery service providers and innovations in technology have caused tectonic shifts in the industry and restaurant operators are finding that they must respond to these disruptive forces or risk losing relevancy in the changing landscape.

Inland, Cambridge to complete luxury multifamily development in Austin

by Andrea Zander | Oct 31, 2019

Inland National Development Co. (INDC) and its co-developer Cambridge Development Group are nearing completion of their luxury multifamily gated community, Citadel at Tech Ridge, in Austin.

AECOM-Canyon Partners to develop boutique hotel

by Andrea Zander | Oct 31, 2019

The Ivy Station development team, which includes Lowe and AECOM-Canyon Partners, has plans to develop The Shay, a new six-story, 148-room boutique hotel.

DRA-RCG partnership sells retail destination in suburban Atlanta community

by Released | Oct 31, 2019

A partnership between DRA Advisors and RCG Ventures has sold Cobb Place, a 335,190-square-foot premier retail destination in the suburban Atlanta community of Kennesaw, Ga.

Fed cuts interest rates for third time in 2019

by Loretta Clodfelter | Oct 30, 2019

The Federal Open Market Committee announced a 0.25 percent cut in the target federal funds rate on Oct. 30, reflecting “global developments for the economic outlook as well as muted inflation pressures.”

InterCapital Group JV acquires apartment portfolio in Atlanta

by Released | Oct 30, 2019

Citymark Capital, in partnership with InterCapital Group, has acquired a two-property, 554-unit Evergreen apartment portfolio in the Atlanta suburb of Fairburn, Ga., for $69.4 million.

Multifamily vacancy falls to 3.6%, lowest level since 2000

by Andrea Zander | Oct 30, 2019

Vacancy fell to 3.6 percent in the third quarter 2019, down 40 basis points (bps) from the prior year and the lowest level since 2000, reported CBRE in its "U.S. Multifamily Figures in the Third Quarter 2019" report.

ClearWorth Capital adds to Houston portfolio with partner

by Released | Oct 30, 2019

ClearWorth Capital has acquired Steeplecrest Apartments, a 260-unit multifamily property located in the Jersey Village/Cypress area, a prominent suburb in northwest Houston.

NRP Group and family office partner to build two multifamily properties

by Released | Oct 30, 2019

A joint venture of The NRP Group — a developer, builder and manager of multifamily housing — and Willton Investment Group, a real estate–focused family office investment group, has broken ground on two upscale apartment communities.

Service Properties Trust sells Las Vegas office building

by Released | Oct 30, 2019

Service Properties Trust (SVC) has completed the sale of a 138,558-square-foot office property located at 1505 South Pavilion Center in Las Vegas, for $57 million.

ROSS Cos. acquires apartments in Virginia Beach, Va.

by Released | Oct 30, 2019

ROSS Cos. has acquired The Hamptons Apartments, a 212-unit community in Virginia Beach, Va., in partnership with Realty Mogul.

TMG Partners names Matt Concannon partner

by Released | Oct 30, 2019

TMG Partners has named Matt Concannon as partner.

Report shows real estate leaders continue to see value in co-working

by Andrea Zander | Oct 30, 2019

Cushman & Wakefield has released a report that reveals corporate perceptions of the value of flexible workspace and co-working strategies.

Climate risk in private real estate portfolios: What’s the exposure?

by Released | Oct 30, 2019

MSCI has released its Climate risk in private real estate portfolios: What’s the exposure? report.