Dunkin’ Shares Rise as Talks Progress for $8.8B Acquisition by Inspire Brands

CANTON, MASS. — Shares of Dunkin’ Brands Group Inc. (NASDAQ: DNKN) rose by more than 15 percent yesterday as the Massachusetts-based coffee and breakfast chain moved forward with talks to be acquired by Atlanta-based Inspire Brands, the parent company of chains like Arby’s and Jimmy John’s. The New York Post reports that the deal, which would take Dunkin’ private is valued at $8.8 billion. Dunkin’s stock price closed at $89.80 per share on Friday, October 23 and peaked at $104.87 …

Hilco Reveals Redevelopment Plans for Former PES Refinery Site in Philadelphia

PHILADELPHIA —Hilco Redevelopment Partners, the real estate development unit of Hilco Global, has revealed plans for the remediation and repositioning of the 1,300-acre former refinery site of Philadelphia Energy Solutions (PES). The redevelopment plan includes the demolition of 105 onsite buildings, as well as hydrocarbon processing units, boiler rooms and wastewater treatment plants, to convert the site into a logistics hub that will house between 13 million and 15 million square feet of …

JLL Negotiates $72M Sale of 228,912 SF Office Building in Boston

BOSTON — JLL has negotiated the $72 million sale of a 228,912-square-foot creative office building located at 20 Guest St. in Boston. Designed by architecture firm ADD Inc. and completed in 2000, the property is located near the Boston Landing mixed-use development and was fully leased to seven tenants at the time of sale. Coleman Benedict, Kerry Hawkins and Ben Sayles of JLL represented the seller, NB Development Group, in the transaction. The buyer was a partnership between Griffith …

WinnCos Completes 70-Unit Seniors Housing Redevelopment Project in East Haven, Connecticut

EAST HAVEN, CONN. — Developer WinnCos. has completed The Tyler, a seniors housing project in East Haven that is a redevelopment of an 84-year-old former high school building. The Tyler offers 70 units for individuals aged 55 and older and amenities such as a fitness center, outdoor courtyard and an arts and crafts room. The property consists of 67 one-bedroom units and three two-bedroom units. Twenty apartments rent at market rates, and 50 others are available for residents who earn 25 …

Prime Clerk Signs 52,000 SF Office Lease Expansion in Brooklyn

NEW YORK CITY —Prime Clerk, a division of financial consulting firm Duff & Phelps, has signed a 52,000-square-foot office lease expansion at Liberty Bklyn, a 1.3 million-square-foot industrial and office waterfront redevelopment in Brooklyn. The tenant is expanding from its current 18,940-square-foot space on the fourth floor to an additional and adjacent 11,761-square-foot unit on the same floor and 21,000 square feet on the third floor. Madison Capital and Salmar Properties are the …

The Twin Cities: An Unlikely Shelter in Turbulent Multifamily Markets

The Minneapolis metropolitan area made plenty of headlines in 2020, and much of the news wasn’t good. The social fabric was frayed, and property damage estimated at between $250 million and $500 million ensued.On the surface, the Twin Cities appear unlikely sources of stability and relative safety for multifamily investors, and yet market performance and property value trends have so far proven resilient in the face of adversity. In comparison to many of the primary markets and its …

Wood Partners Completes 204-Unit Alta Washington Apartments in Houston’s Memorial Park District

HOUSTON — Multifamily developer Wood Partners has completed Alta Washington, a 204-unit apartment community in the Memorial Park area of Houston. The property features one- and two-bedroom units, as well as six townhomes, with quartz countertops, stainless steel appliances and hardwood-style flooring. Amenities include a pool, fitness center, business center, package sorting room, outdoor grilling stations and a dog park. Move-ins will begin in early November. Rents start at $1,675 per month …

Stream Realty Negotiates 252,187 SF Industrial Lease Renewal in Metro Dallas

CARROLLTON, TEXAS — Stream Realty Partners has negotiated a 252,187-square-foot industrial lease renewal at 2051 McKenzie Drive in Carrollton. According to LoopNet Inc., the property was built in 1985 and renovated in 2008. Blake Kendrick and Eric Crutchfield of Stream Realty Partners represented the landlord, Link Industrial Properties, in the lease negotiations. Ross Longo with Longo Commercial Advisors represented the tenant, Lennox Industries, a locally based provider of HVAC …

Office Furniture Provider Vari Opens Sales Office, Showroom in Houston

HOUSTON — Vari, a Dallas-based provider of innovative office furniture like sit-stand desks, has opened a sales office and product showroom in Houston's Memorial City District. Locally based developer Radom Capital LLC has also hired Vari to outfit 18,000 square feet of workspace in a historic 1930s landmark, the Star Engraving Building, located near River Oaks. Vari has also opened showrooms in Austin, Baltimore, Denver, Phoenix and Washington D.C., in the past …

Marcus & Millichap Brokers Sale of 13,290 SF Shopping Center in Mesquite, Texas

MESQUITE, TEXAS — Marcus & Millichap has brokered the sale of Belt Line Crossing, a 13,290-square-foot shopping center located in the eastern Dallas suburb of Mesquite. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. The property was 84 percent leased at the time of sale to tenants such as Subway and

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