Features
The Presentation Of Obsolescence Helps Commercial Property Owners Achieve Successful Tax Appeals
Distressed Property Outlook: Valbridge Forecasts 2021 Opportunities
Lending Activity
NorthMarq Arranges $24.7M Loan for Refinancing of Multifamily Asset in St. Louis
Bellwether Funds $18.5M Loan for Refinancing of Mixed-Income Housing Community in San Antonio
HALL Structured Finance Provides $15.5M Construction Loan for Multifamily Project in Gregory, Texas
Parkview Provides $12.5M Construction Loan for Multifamily Project in Orange, New Jersey
CIT Provides $42.5M in Construction Financing for St. Louis Apartment Project
Developments
Sansone Group, Argos Capital Partners to Develop 245,000 SF Distribution Center in Port St. Lucie, Florida
Caydon Launches Phase II of 2.5 MSF Mixed-Use Laneways Project in Houston
Crescent Communities, McShane Plan 317-Unit NOVEL Val Vista Apartments in Gilbert, Arizona
Cannabis Facility Construction Completes 3,000 SF Dispensary in Suburban Chicago
Sterling Properties, Wilton Near Completion of 208-Unit Multifamily Project in Northern New Jersey
Alfred Weissman Real Estate Completes Renovation of 298-Room DoubleTree by Hilton Hotel in Metro D.C.
Lehigh Valley Health Network to Open 100,000 SF Hospital in Central Pennsylvania
JBG Smith to Break Ground on Potomac Yard in Alexandria, Including Virginia Tech’s $1B Innovation Campus
Civitas, StoneCreek Plan 104-Unit Seniors Housing Redevelopment Project in Houston
Panattoni Development Completes 550,601 SF Logistics Center in North Las Vegas
Holiday Inn Club Vacations Opens New Orleans Resort at Historic Skyscraper in French Quarter
Brennan Investment Group to Develop 300,000 SF Industrial Portfolio in Metro Atlanta
Acquisitions
University Partners Acquires 494-Bed Student Housing Community Near Clemson University
ViaWest Group Acquires Insight Enterprises Office Portfolio in Tempe, Plans Industrial Redevelopment
Westmount Realty Capital Sells 289,491 SF Industrial Building Occupied by FedEx in Columbus, Ohio
Huntington Industrial Partners Sells 468,300 SF Warehouse in Metro Dallas
NAI Mertz Arranges Sale of 151,220 SF Industrial Property in Chalfont, Pennsylvania
Berkadia Arranges Sales of Two Apartment Communities Totaling $68.7M in Charlotte
JLL Negotiates $9.1M Sale of Grocery-Anchored Shopping Center in Orlando
Goldman Investment Advisors Brokers $4.1M Sale of Self-Storage Property Near Memphis
Rubenstein Real Estate Acquires 20,000 SF Office, Retail Building in Kansas City
KKR Buys 263,606 SF Distribution Facility in Goodyear, Arizona
Marcus & Millichap Brokers $5.5M Sale of Manufactured Housing Community in Iowa
Marcus & Millichap Arranges Sale of 524-Unit Self-Storage Facility in Fresno, Texas
Leasing Activity
Conn’s HomePlus to Open Two Stores in Metro Tampa
National Tree Signs 608,442 SF Industrial Lease in East Windsor, New Jersey
Beyond Meat to Open 300,000 SF Headquarters Near Los Angeles
R.J. Brunelli Negotiates 11,878 SF Retail Lease for Family Dollar in Hawthorne, New Jersey
Bioworld Merchandising Signs 123,844 SF Industrial Lease in Irving
Company News
Office Depot Parent Company Rejects Staples’ $2.1B Acquisition Offer
Polo Realty Group, Kay Commercial Realty to Oversee Leasing of 31,400 SF Office Building in Boca Raton
Digital Realty Trust to Relocate Global Headquarters from San Francisco to Austin
Petco Ends First Day of Trading 63 Percent Higher than IPO Price
Urban Outfitters Reports 8.4 Decrease in Net Sales to Close 2020, Announces Leadership Changes
