Features
Valbridge: Automation Can Assist Valuation Process, But Not Replace It
Cushman & Wakefield: U.S. Office Market Outlook Begins to Show Reasons for Optimism
Lending Activity
Dwight Capital Provides $55M in Financing for U Place Apartments in Seattle
BridgeCore Capital Closes $5.1M Loan for Apartment Complex in Stockton, California
MMCC Arranges Two Loans Totaling $21.4M for Refinancing of Houston-Area Multifamily Assets
Parkview Provides $61M in Predevelopment Financing for Multifamily Project in Weehawken, New Jersey
Bernard Financial Group Arranges $24.3M CMBS Loan for Refinancing of Two Office Buildings in Southfield, Michigan
Developments
Crescent Real Estate Reveals Plans for $250M Mixed-Use Project in Fort Worth
Dermody Properties to Develop 154-Acre Industrial Project in Woolwich Township, New Jersey
Alston, Ware Malcomb Complete Customer Service Center for Medline Industries in Dubuque, Iowa
Woda Cooper, Parallel Housing Break Ground 60-Unit Affordable Housing Community in Madison, Georgia
Morgan Opens 472-Unit Pearl Biltmore Multifamily Community in Phoenix
Stanmore Partners, TIG to Develop 336-Unit Multifamily Project in Metro Austin
Hampshire Completes 697-Unit Extra Space Self-Storage Facility in Perth Amboy, New Jersey
TWG Underway on $10M Affordable Housing Project in Urbandale, Iowa
Hollingsworth to Develop 650,250 SF Spec Industrial Facility in Prince George County, Virginia
28 Walker to Develop 125,000 SF Timber Office Building in Baltimore
Spectra Student Living Underway on 180-Bed Community in Stephenville, Texas
J.C. Anderson to Complete 55,000 SF Office Buildout for Ajinomoto in Itasca, Illinois
Acquisitions
JLL Arranges Sale of 20-Story Pier 1 Imports Tower to City of Fort Worth
Starwood Property Trust Divests of 106,571 SF Moon Valley Towne Center in Phoenix
4S Bay Partners Acquires Redevelopment Site in Baldwin Hills Crenshaw Corridor of Los Angeles for $24M
Newmark Brokers Sale of 305-Unit Heritage Apartments in San Antonio
IPA Negotiates Sale of 240-Unit Coventry Apartments in Denton, Texas
Momentum Multifamily Buys 228-Unit Henry at Liberty Hills Community in East Houston
Newmark Brokers Sale of 246,060 SF Office Building in Arlington
Marcus & Millichap Brokers Sale of 103,084 SF Industrial Property in Killingly, Connecticut
Cress Capital Sells Two Industrial Properties in Fort Collins for $30.6M
Blackfin, GMF Purchase Two Hampton Road Apartment Communities for $35.5M
MAG Capital Partners Acquires 14,004 SF Entertainment Venue in Fayetteville, Arkansas
Magoo’s Pet Outlet to Open 10th Location in Michigan
Leasing Activity
CBRE Negotiates 38,400 SF Industrial Lease for Logistics Company in El Paso
Blu Dot to Expand Headquarters in Minneapolis to 60,000 SF
Slumberland Furniture to Join Levee District in East Peoria as Anchor Tenant
Franklin Street Secures 136,000 SF Industrial Lease with Trailer Manufacturer in Deland, Florida
DAUM Commercial Negotiates 173,940 SF Lease at Hopewell Industrial Development in Tolleson, Arizona
Company News
Marriott Names Tony Capuano as New CEO, Stephanie Linnartz as New President
Macy’s Fourth-Quarter Results Exceed Company Expectations via Strong Digital Sales Growth
Airbnb Selects Atlanta for East Coast Technical Hub
Six Flags Announces Plans to Reopen All 26 Theme Parks
Shifting Investment Patterns Prompt IPA’s Industrial Expansion in Texas