Israeli tech firm WalkMe Inc. is moving its U.S. headquarters to Kilroy Realty’s 350 Mission St. as it prepares to be acquired by software giant SAP, reported the San Francisco Business Journal. The digital adoption software provider, whose tools help…
Berkadia announced the refinancing of The Pillars of Prospect Park, a 283-unit seniors housing community in Minneapolis, Minnesota. Managing Directors Austin Sacco and Steve Muth of Berkadia Seniors Housing & Healthcare secured bridge financing through a national bank on behalf…
Multiple groups bid Thursday for the unfinished Oceanwide Plaza mixed-use development in Downtown Los Angeles, which was forced into bankruptcy in February of this year, Connect CRE has learned. An auction is scheduled for mid-September. Industry sources familiar with the…
Texas Woman’s University topped off its future health sciences facility, placing the highest beam in place signifying its peak height. In September 2023, Texas Woman’s broke ground on a $107 million, 136,000 square-foot health sciences center in Denton to serve as an inter-professional education facility linking students in the allied health…
Crescent Communities will soon break ground on HARMON Jefferson Village, a 130-unit build-to-rent townhome project at 1500 Highwoods Blvd in Greensboro. It’s Crescent’s first BTR community in the area. They have built in Charlotte (photo). The Triad Business Journal reports…
National multifamily developer Wood Partners will expand its presence in Charlotte with Alta 10th and Seigle and Altera Mint Hill, bringing its total to 16 developments in the city and 30 in the state. These new multifamily properties will bring more than…
The U.S. will set a record for new apartment deliveries for the third year in a row, with developers on track to complete more than 518,000 new rental units in 2024, according to a recent report by RentCafe. 2024 is the…
JLL Capital Markets arranged a $52-million refinancing for Atria Newport Beach, a 168-unit senior living community located in Newport Beach. Senior managing director Aaron Rosenzweig and director Dan Baker represented the borrower, a partnership between a national REIT and Atria Senior Living. MidCap Financial, a commercial finance company…
After a 60% drop in effectuated appraisal reduction amounts (ARAs) on CMBS loans in 2022, ARAs climbed in 2023 and 2024 as delinquencies increased 84%, Kroll Bond Rating Agency reported. ARAs totaling $1 billion (98 loans) were effectuated during full-year 2023, while the year-to-date…
A recent survey of commercial real estate investors ranked Nashville as a top 10 target among U.S. metros. Nashville ranks #5 in CBRE’s 2023 U.S. Investor Intentions Survey. The survey found that more investors are prioritizing high-performing secondary markets in 2023,…
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