Features
All Bets Are Off on Property Tax Assessments
NAI Global: Industrial Demand Rooted in Long-Term Changes to Distribution, Manufacturing
Lending Activity
CBRE Arranges $58.2M Refinancing for Healthcare Portfolio in Orange County, California
Phillips Realty Capital Secures $58M Construction Financing for Apartment Project in Upper Marlboro, Maryland
Black Bear Capital Arranges $95M Loan for Refinancing of Manhattan Apartment Complex
Dwight Capital Provides $50.7M HUD-Insured Loan for Refinancing of Delaware Multifamily Asset
Bellwether Enterprise Provides $28.5M in Financing for Renovation of Affordable Seniors Housing Asset in Chicago
Developments
Skanska Invests $476M in The Eight Spec Office Development in Bellevue, Washington
Partnership Begins Leasing 331-Unit Sienna at The Thompson Apartments in Downtown Austin
Phillips Realty Capital Secures $58M Construction Financing for Apartment Project in Upper Marlboro, Maryland
United Properties, PCCP Form Joint Venture to Develop 11-Building Industrial Portfolio
Matan to Open U.S. Manufacturing Facility for Ellume in Frederick, Maryland
Stonelake Capital to Develop 1.1 MSF Spec Industrial Project in El Paso
Milhaus Breaks Ground on $40M Apartment Community in Suburban Indianapolis
Redwood, Winston Capital Nearing Completion of Workforce Housing Community in Miami-Dade County
ADM to Build $350M Soybean Crushing Facility in Spiritwood, North Dakota
Berkadia Arranges $50.3M Construction Financing for Belmont Tampa Apartments Near Tampa
Torch.AI to Expand Operations in Metro Kansas City, Create Nearly 500 Jobs
Lion Electric to Invest $70M in Joliet, Build Electric Vehicle Manufacturing Facility
Acquisitions
ScanlanKemperBard, WHI Real Estate Partners Sell 43,151 SF Office Building in Portland
JLL Brokers $64M Sale of Seniors Housing Portfolio in South Florida
JLL Negotiates Sale of 156-Room Allegria Hotel in Long Beach, New York
Hanley Investment Group Brokers $2.4M Sale of Olive Garden Ground Lease in Metro Detroit
JLL Arranges $113M Sale of Ravens Crest Apartments in Manassas, Virginia
KKR Acquires 198,000 SF Skyline Commerce Center in Metro Dallas
MAG Capital Partners Buys 38,300 SF Cold-Storage Facility in Phoenix in Sale-Leaseback Deal
Forefront Collier Venture Purchases Office, Flex Property in Naples, Florida for $13.1M
Skyline Seven Arranges $12.4M Sale of Rivermont Square Shopping Center in Alpharetta, Georgia
Clear Height Properties Sells 100,000 SF Industrial Building in Arlington Heights, Illinois
SRS Brokers $11.4M Sale of Cherokee Commons Shopping Center in Suburban Atlanta
Marcus & Millichap Brokers Sale of 271,008 SF Warehouse in Peterborough, New Hampshire
Leasing Activity
McWane Inc. Signs 66,961 SF Industrial Lease in Grand Prairie, Texas
EDGE Realty Negotiates Two Restaurant Leases Totaling 4,913 SF in Metro Houston
Tishman Speyer Opens Two Coworking Spaces in Manhattan
CBRE Secures 499,200 SF Industrial Lease for East Coast Warehouse in Savannah
Careismatic Brands Signs 152,225 SF Industrial Lease in Dallas
Company News
Elliott Investment Management Enters into Agreement to Acquire Paper Source Inc.
Chipotle Increases Wages to $15 Per Hour Average, Plans to Hire 20,000 Employees
World-Renowned Commercial Real Estate Architect Art Gensler Passes Away at 85
Marriott Posts Net Loss in First Quarter, But CEO Forecasts Room Demand to Strengthen
Electra Capital Appoints Eugene Rutenberg as Managing Director of Originations
