CBRE recently negotiated the sale of the Tower Office Plaza in Temecula for $13.8 million to Level Asset Capital. Matt Pourcho, Anthony DeLorenzo, Matt Harris and Bryan Johnson of CBRE’s Investment Properties represented the seller, Providence Real Estate Group. “Office sales in the Temecula and Murrieta areas remain strong…
Walgreens‘ Village MD, free-standing clinics that offer virtual, home and office visits, will exit the Illinois market in April. VillageMD is majority owned by Walgreens Boots Alliance, and it has six clinics in the state. The clinics, five standalone and…
The distressed loan rate among commercial real estate (CRE) collateralized loan obligations (CLO) originated prior to 2023 rose nearly 400% year-over-year from the end of 2022, Kroll Bond Rating Agency (KBRA) reported. The distress rate ended 2023 at 5.4%, compared…
Savanna, a New York City-based, vertically-integrated real estate investment manager, owner/operator and developer, has launched Savanna Advisory Services (SAS). The fee-based restructuring advisory unit offers restructuring and planning expertise along with full property-level execution of business plans to lenders and…
New City will soon open Forth, a 196-room hotel and social club along Atlanta’s Eastside Trail. The $150 million tower will open this June. Forth becomes the first hotel with direct access to the BeltLine. Morris Adjmi Architects designed Forth….
JPMorgan Chase has unveiled major renovation plans for Chase Tower, its local headquarters building at 10 S. Dearborn Street. The 850-foot, 60-story skyscraper will undergo a transformation, and the Loop’s tallest building will become a modern, workplace with flexible, collaborative…
GXP-Storage is developing an $80 million, 30-acre campus in Middlesex Corporate Centre that it plans to use as its international headquarters. The buildings are just east of Raleigh, off US Hwy. 64. The company says it will be hiring up…
SomeraRoad is wrapping up Paseo South Gulch, a 16-story, 278-unit apartment and office building called Prima. It broke ground in February of 2022. Now, SomeraRoad is preparing to start work on a 30-story tower at Paseo South Gulch. The tower…
The Shaftesbury Capital sale includes a mix of properties around Fitzrovia. After it abandoned attempts to sell a £250M tranche of its Fitzrovia portfolio last year, Shaftesbury Capital has found a buyer for around £65M of London-based assets, React News reports. …
A $30 million boutique hotel is on the way in Roswell, north of Atlanta. The five-story, Hyatt-branded Cambray Hotel will have 125 rooms. It will start construction in May. Its architecture is modeled after the brick mills that were prominent…
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