A lot is known about the requirements of a Japanese life sciences project slated for Sanford, NC. Besides the expected investment by the company, it will create over 100 jobs at a new industrial park on 70 acres at Helix…
The Vestcor Cos is hoping to build The Lofts at Southbank in Jacksonville, a $38.8 million project that will consist of 100 apartment units, 80 of which will be reserved for renters making 60% of the area’s annual median income….
Notwithstanding a volatile commercial lending market, particularly relating to office buildings, Del Ray Realty founder Ray Rowshankhah secured a favorable loan structure at 85% LTV for the acquisition of 501 S. Beverly, a three-story office property in Beverly Hills. The sale price…
Marcus & Millichap arranged the sale of Centre City Plaza, a 14,260-square-foot multi-tenant retail property located in Escondido. The asset sold for $3,950,000. “The property was on the market for 30 days and received six offers,” said Nick Totah, SVP investments for…
San Francisco-based Rentberry, a provider of technology-driven property rental and management, unveiled plans to explore the acquisition of WeWork, which recently filed for Chapter 11 bankruptcy. This strategic move, backed by key venture capital funds including Berkeley Hills Capital, represents…
Core Spaces has announced the continued growth of Oxenfree, the company’s Build-to-Rent (BTR) brand. Chicago-based Core has a portfolio of nearly 4,000 homes under development and in its pipeline across major markets including Dallas-Fort Worth, Denver, Nashville, Austin, Charlotte and…
Newmark Group, Inc. has hired the team formerly with Affordable Housing Advisors (AHA), a leading brokerage team and platform previously housed out of Marcus & Millichap. The Michigan-based team, which will operate as Newmark Affordable Housing Advisors (NAHA), is led…
CBRE has arranged a new 57,161-square-foot industrial lease with the first tenant within Northwest Gateway Center, a newly constructed two-building industrial campus in Arlington Heights, Illinois. CBRE’s Jack Brennan, Mike Sedjo, John Hamilton, and Ben Dickey represented the owner, Ridgeline…
Remedy Medical Properties, Inc. has purchased a six-building medical office portfolio in Northern Kentucky for an undisclosed amount. CBRE’s Steve Timmel, CCIM, Will Roberts, Chris Prosser, CCIM, and Travis Likes represented the seller, Zalla Companies, in the transaction. The portfolio…
MassDevelopment issued a $6.9 million tax-exempt bond for LEO Inc. to convert its headquarters into a preschool in Lynn, MA, serving 270 students. The renovation includes 15 classrooms, a commercial kitchen, a gross motor room, and a multipurpose room. Eastern…
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