News/Events
UK Investment Giant Funds First U.S. Development In Boston Suburb
L&G's first U.S. development is set to break ground this year in Concord, Massachusetts, with 201 multifamily units.
Illinois' Historic Storm Season Is Threatening To Drive Up Property Insurance Costs
The onslaught of severe weather has major implications for the state’s commercial property owners’ insurance costs.
BREIT Exits Self-Storage As It Invests Billions Into Data Centers
During Q2, the REIT offloaded its last 79 self-storage assets and poured $3.3B into its data center arm, QTS.
Whoop Looks To Double Boston Footprint With 107K SF Lease
Whoop is planning a major Boston expansion with a 107K SF office lease as it prepares for an IPO.
Simon Property Group To More Than Double $18M In Lost Saks Global Rents With New Leases
Simon Property increases mall rents by 144%, reshaping space after Saks' closures.
Morris Heights Seniors Housing Project Secures Permits
Permits have been approved for a new 10-story affordable senior housing development at 105 W. Tremont Ave. in the Morris Heights neighborhood of the Bronx. Developed by Crown Holdings in partnership with The Community Builders, one of the nation’s largest affordable housing organizations, the project will provide 95 Affordable Independent Residences forSeniors (AIRS) and form…
Fully Leased Chula Vista Retail Fetches $30M
JLL Capital Markets arranged the $30.4-million sale of Terra Nova Plaza, a fully leased, 96,114-square-foot retail property positioned within a 301,000-square-foot regional shopping center in Chula Vista. Senior managing director Gleb Lvovich, managing director Daniel Tyner and senior managing director Geoff Tranchina. represented the seller, a global investment manager. Located at 390 E H St., Terra Nova Plaza sits…
Walker & Dunlop Arranges Debt, Equity for Port Chester Multifamily Project
Walker & Dunlop, Inc. has arranged $147.5 million in debt and equity capitalization for the construction of 2 South Main, a 322-unit multifamily project in downtown Port Chester, NY. The sponsorship group is a joint venture between Hyperion, Winter Properties and AIP. The Walker & Dunlop Capital Markets team of Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin, and Dawson Jessee arranged…
Barnes & Noble Opens New Store in Chicago
Barnes & Noble announced the upcoming opening of its newest bookstore in Chicago, Illinois. The new store is to open on State Street in The Loop, in the historic building that was once a flagship Borders Bookstore. More recently, the building was occupied by Old Navy. The store, located at 150 N State Street, is…
