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North Signal—Westport JV Plans Industrial Development in SC
Groundbreaking of North Pointe Commerce Park is expected to start this month. The site is strategically located in close proximity to the port, airport, interstate highways and the U.S. naval installation.
Brennan, Arch Street Grab $100M Industrial Portfolio
In their sixth joint venture, the partners purchased a group of assets totaling 2.5 million square feet spanning eight states. Locations include Chicago, Milwaukee, Minneapolis and more.
Rising Demand Boosts Las Vegas Rents
The metro’s apartment sector has heated up during the past few years, with rents rising 4.4% year-over-year and occupancy in stabilized properties reaching 95.6%.
Hurricane Harvey: Impact on Houston Multifamily
An initial analysis by Yardi Matrix found that between 45,000 and 72,000 units—or 7 to 11 percent of the multifamily universe—were rendered uninhabitable.
BGC Acquires Berkeley Point, Minority Stake in New CRE Biz
The company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, and invested an additional $100 million in finance and investment business CF Real Estate Finance Holdings LP.
Cambridge Class A Building Changes Hands for $75M
Lincoln Property Co. and Chile-based Stars Investments acquired 625 Massachusetts Ave., a 122,104-square-foot office and retail property in the supply-constrained Central Square district.
Amazon to Invest $5B in 2nd North America HQ
The Seattle-based e-commerce giant opened the request for proposals, giving metros with a million-plus population—and other qualifications—the opportunity to submit their bids for the mega project until Oct. 19, 2017.
Financing in Place for 800 KSF Baltimore Mixed-Use Tower
Madison Marquette commenced construction of One Light Street in January, and now the developer has landed $169 million in loans to complete the project.
WPT Industrial Expands to PA
The REIT is in the process of acquiring a 936,000-square-foot Class A property in the Lehigh Valley, the distribution corridor to New York, Philadelphia and D.C.
Rent Growth Moderates; Demand Persists in Boston
Due to above-trend population gains and increasing job growth, the metro ranks as one of the most stable multifamily markets in the U.S.