BGO and its parent, Sun Life, made commercial real estate headlines last month with the announcement that multifamily owner/operator Bell Partners and BGO would combine businesses. Sizable as that transaction is, it’s far from the whole story BGO has to tell. In advance of his participation…
Global Net Lease, Inc. (GNL) and Modiv Industrial, Inc, announced on Monday a definitive merger agreement under which GNL will acquire Modiv in an all-stock transaction valued at an enterprise value of approximately $535 million. The transaction, once completed, will…
Real estate investors hoping to lessen their tax burdens next year are putting the pedal to the metal in a race to buy gas stations. Since 100% bonus depreciation became law in July, gas station, convenience store and car wash…
Fairstead closed on a $20M investment to acquire and rehabilitate Sunflower Terrace Apartments at 5050 Sunflower St. in Houston’s southern Sunnyside neighborhood. Sunflower Terrace Apartments Fairstead will work with R4 Capital, its mortgage lending affiliate R4 Capital Funding and the…
Inland Real Estate Investment Corporation and Devon Self Storage have completed the construction of a 59,837-square-foot Class-A self-storage facility located in Springfield, Massachusetts. Located at 2155 East Columbus Avenue near a major downtown thoroughfare and the I-91 overpass along the…
A pair of century-old Midtown Manhattan office buildings are trading at a steep discount as lenders look to cut their losses, Bloomberg News reported. Empire Capital Holdings agreed to buy the properties at 229 W. 36th St. and 256 W. 38th…
JLL Capital Markets arranged $22.3 million in acquisition financing for industrial outdoor storage (IOS) properties located at 115 St. Nicholas Ave. and 115 Skyline Dr. in South Plainfield, Middlesex County, NJ. Senior managing directors Jon Mikula and Jim Cadranell, associate John Cumming…
Stream Realty Partners has promoted Matt Asvestas to Managing Director of Office Leasing in its Houston office. In his new role, Asvestas will spearhead office leasing operations, oversee the firm’s training programs, and guide the team in pursuing new business opportunities….
It took just over a year for Glenstar Logistics to complete the first of five buildings at 290-acre the Cherokee Commerce Center 85 (CCC-85) in Gaffney, S.C. The company broke ground on the 550,520-square-foot building in October 2023. The site is…
As head of Newmark’s student housing team, Ryan Lang brings years of experience with institutional, public and private investors to the conversation. He’s seen this property type rebound strongly from an uncertain future during the pandemic, when it seemed as…
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