News/Events
Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos
SomeraRoad and Marriott plan to turn a historic Brooklyn icon into Ritz-Carlton luxury residences.
Hines And Rialto Close Office Credit Fund At $1.1B
The two national real estate investment management firms closed their U.S. office credit fund after securing more than 120 investors.
Chipotle Adding Hundreds Of New Locations Worldwide
The fast-casual chain entered South Korea this month and announced it will open as many as 370 locations this year, up from last year.
'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting
U.S. 10-year Treasury bond yields hit 5%, impacting borrowing costs ahead of the Federal Reserve's Wednesday decision on interest rates.
Stewards Sets Up $240M Deal for Two South Florida Multifamily Properties
Fort Lauderdale-based Stewards has signed letters of intent to acquire two apartment properties in Broward County, Fla., in a stock transaction valued at $240 million. The Nasdaq-listed financial and real estate company will acquire the 330-unit Pixl apartments in Plantation, and the 214-unit Envy apartments in Pompano Beach. Under the proposed structure, Stewards would acquire…
Piedmont Buys Virginia Office for $53M — Double Its 2024 Sale Price
A joint venture has unloaded an office building in Northern Virginia for nearly twice what it paid to acquire the property just two years ago in the depths of post-pandemic distress. The venture involving FarmView Ventures, GreenBarn Investment Group and Rithm Capital sold the 189,000-square-foot, Class A office at 4075 Wilson Boulevard in Arlington, Va.,…
Logos Faith Development CEO Martin Porter On Building With Religious Institutions
Faith-based development is having a moment in Southern California, where churches and other religious institutions control underused land in some of the communities most desperate for more housing. Logos Faith Development is partnering with these institutions rather than buying sites outright, and using those properties to develop mixed-income and affordable housing while returning value to…
Kirkland & Ellis Hires Seth Niedermayer as Partner in Real Estate Group
After more than a decade at HSF Kramer, real estate attorney Seth Niedermayer has moved offices to Kirkland & Ellis. Niedermayer joined the Chicago-based law firm’s real estate group as a partner this week, as shared in a LinkedIn post Monday evening and confirmed by a spokesperson for the firm. Kirkland & Ellis, which serves…
Podcast: How AI Is Making Rental Application Fraud Harder to Catch, with Docuverus
Jamie Borodin is the founder and CEO of Docuverus, a document verification and fraud detection platform purpose-built for multifamily housing providers. With over 30 years in resident screening, Jamie founded Docuverus in 2017 to address a gap no existing tool was solving: authenticating income documents at the metadata level while simultaneously reading and calculating their contents.…
