RIPCO Real Estate has been appointed as the exclusive retail leasing broker for the Willets Point project in Queens, NY. The project, which includes affordable housing components, presents the opportunity for community and business development. RIPCO is responsible for leasing…
Office and retail CMBS loan defaults drove the overall default rate higher in 2023, Fitch Ratings said Tuesday. The total annual and cumulative U.S. CMBS loan default rates for 2023 increased to 0.9% and 18.5%, respectively, from 0.3% and 17.9%…
The Catawba Nation will break ground on a new $700 million casino complex, Two Kings Casino Resort, in Kings Mountain, NC. The first phase includes an “introductory casino” with 1,350 electronic gaming machines, 12 table games, a 40-seat restaurant and…
A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties and Harbert US Real Estate, an investment strategy sponsored by Harbert Management Corporation, has acquired a 64,340-square-foot, single-tenant light industrial building at 9999 Virginia Avenue in Chicago…
Optima, Inc., an integrated real estate firm, announced Reform Studios will open at Optima Signature, a 57-story luxury apartment tower comprising 490 apartments and 58,000 square feet of commercial space in Chicago’s Streeterville neighborhood. Reform Studios joins Optima Signature’s roster…
CBRE has arranged the sale of The Barrington, a 282-unit multifamily property in Woodbury. Nuveen Global Investments LLC purchased the property from Tilden Fundamental Barrington Apartments, LLC for an undisclosed amount. CBRE’s Keith Collins, Abe Appert, Ted Abramson, and Danny…
A mental health treatment program has bought a 111-key Hampton Inn & Suites along North Druid Hills Road for $17 million, to expand its services. Skyline Trail has also purchased an adjacent restaurant property along Buford Highway late last year….
The Phoenix City Council has approved a zoning proposal allowing a nearly 300-acre master-planned development southwest of Phoenix, called Gila Foothills. It would span a stretch of agricultural land along Loop 202 just north of South Mountain. The plan would…
The City of Jacksonville has approved a building permit for a $215.1 million Four Seasons Hotel & Residences on the town’s Northbank riverfront. Jacksonville Jaguars owner Shad Khan secured the permit for the 170-room hotel, including 26 residential units. The…
AGB Real Estate has made a habit of buying run-down hotels and turning them into serviceable, affordable housing developments. The company bought the HomeTown Studios hotel at 1210 Murfreesboro Pike in Nashville for $9.5 million and plans to convert it…
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