Features
Adaptive Reuse Projects Present Equal Measures of Challenges, Opportunities
A Rising Tech Titan Takes the Multifamily Spotlight
One Year Later: Surfside Collapse Inspires Newly Passed Florida Legislation Addressing Structural Integrity
GSEs Regain Their Sea Legs Amid ‘Adjustment Period’
Lending Activity
Forest Development Obtains $269M Construction Loan, Joint Venture Partner for South Florida Mixed-Use Project
Progress Capital Places $54.5M Construction Loan for Newark Educational Project
Eastern Union Arranges $39M Agency Loan for Refinancing of Multifamily Property in Sunderland, Massachusetts
Greysteel Arranges Acquisition Financing for 184-Unit Multifamily Portfolio in Austin
KeyBank Provides $74.3M in Construction Financing for Affordable Housing Property in Columbus
Developments
Patrinely Group, Dune Real Estate Partners Break Ground on 484,000 SF Office Tower in Downtown Bellevue
Forest Development Obtains $269M Construction Loan, Joint Venture Partner for South Florida Mixed-Use Project
Landmark Begins Construction on 585-Bed Student Housing Development Near University of Arkansas
Resia Begins Work on 576-Unit Apartment Community in Houston’s Energy Corridor
Davis Breaks Ground on 100,500 SF Specialty Clinic in Lakeville, Minnesota
Joint Venture Breaks Ground on 28-Story Luxury Apartment Tower in Midtown Atlanta
George Oliver Acquires Biltmore Commerce Center in Phoenix, Plans $52M Renovation
LPC Southeast to Develop Two Northwest Atlanta Industrial Properties Totaling 800,000 SF
Presidium to Break Ground on 334-Unit Apartment Community in Jacksonville
Drever Partners Opens 324-Unit Workforce Housing Property in Branson, Missouri
Alliance Residential Opens 264-Unit Prose Stevens Pointe Apartments in St. Cloud, Florida
Bayer Opens $140M Research, Innovation Center in Boston’s Kendall Square
Acquisitions
LDK Ventures Sells 340,000 SF Warehouse in Sacramento for $42.8M
NAI Hiffman Brokers Sale of Seven-Building Industrial Portfolio in Metro Chicago
JLL Negotiates Sale of 791-Unit Self-Storage Facility in Metro Houston
Colliers Arranges $38.1M Sale of Grand Central at Kennedy Mixed-Use Development in Tampa
MetLife, PGGM Acquire Four-Building Intersect Creative Office Campus in Irvine for $235.2M
JLL Arranges Sale of 1 MSF Industrial Development in Irving
Commercial Asset Advisors Arranges $6.3M Sale of Office Building in National City, California
JLL Brokers Sale of 475,901 SF Distribution Center in North Carolina’s Triad Region
Fort Capital Buys 459,812 SF Light Industrial Portfolio in Northwest Houston
Baum Realty Arranges $2.3M Sale of Retail Center in Streamwood, Illinois
Diversified Healthcare Trust Sells Stake in Boston Life Sciences Complex for $108M
IPA Negotiates Sale of 234-Unit Multifamily Portfolio in New Haven Area
Leasing Activity
Partners Supply Chain Solutions Signs 50,007 SF Industrial Lease in Carol Stream, Illinois
Showman Fabricators Signs 78,000 SF Industrial Lease in Fairfield, New Jersey
Asset Living Signs 24,040 SF Office Lease in West Houston
Axiom Engineered Systems Signs 123,000 SF Flex Industrial Lease in Michigan
Social Cantina to Open 4,800 SF Restaurant at The Mill at Ironworks Plaza in Wisconsin
Company News
Caterpillar to Relocate Global Headquarters from Deerfield, Illinois, to Irving, Texas
Prologis Agrees to Acquire Duke Realty in $26B All-Stock Transaction
Lee & Associates Expands Downtown Los Angeles Presence With New Office
Kohl’s Begins Negotiations with Franchise Group Regarding Potential Sale
Colliers Relocates Office in Parsippany, New Jersey