Connect Commercial Real Estate

Excited to share part 2 of our Women Leadership Series available on March 4th! Join us as Dr. Bernadette Mazurek Melnyk discusses strategies for building resiliency and enhancing health & well-being in women leaders. Visit the link below to register!https://hubs.la/H0HfrT_0 

A large finance assemblage of $274.4 million was secured for a six-property portfolio of core-quality retail properties totaling more than 2.7 million square feet in major West Coast markets. Details below!https://hubs.la/H0HfbF30 

Newport Beach-based @bkmcapital recently sold Tempe Commerce Park, a five-building multi-tenant light industrial park in Tempe for $85.35 million. The buyer of the 536,051-square-foot asset was @Investcorp. More transaction details below!https://hubs.la/H0Hf7ng0 

Gov. Gavin Newsom announced the state is partnering with OptumServe & local counties to open up to 11 vaccination sites in the coming week to serve some of the hardest-hit or most at-risk communities. More on Gov. Newsom's vaccine plans below!https://hubs.la/H0Hf5CD0 

New York City’s arts, entertainment and recreation industry took the biggest hit of any employment sector in the city as a result of the pandemic, New York State Comptroller Thomas DiNapoli said Wednesday. Learn more by visiting the link below!https://hubs.la/H0Hf2sH0 

PPE Casino Resorts Richmond LLC, an affiliate of @cordishco proposed a $600 million destination casino resort in Richmond’s Scotts Addition area. Features include a spa, hotel, 300 guest rooms, 30 suites, and more! Details below.https://hubs.la/H0H8nzh0 

The @fema approved an additional 31 Texas counties to be added to the president's major disaster declaration for individual assistance. The approval included individual assistance in 77 counties and for public assistance in all 254 counties. Details below!https://hubs.la/H0H8lqw0 

U Place Apartments is a 243-unit mixed-use complex located in the University District of Seattle. @DwightCap recently closed $55 million in bridge financing for U Place. More transaction details below!https://hubs.la/H0H8kBd0 

A Phoenix MF property was delivered in May 2020 and, despite the pandemic, was leased to stabilization in just 8 months. A year later, $31.7 million senior mortgage loan was secured to finance the acquisition of the Cabana on Washington MF complex.https://hubs.la/H0H8jzt0 

Governor. Jay Inslee recently signed House Bill 1368, which appropriates $2.2 billion in federal funding that has been allocated to states in response to the ongoing #COVID emergency. The legislation takes effect immediately. More below!https://hubs.la/H0H4bZm0 

Gov Gavin Newsom recently issued a statement regarding efforts to safely reopen schools in California, but indicates that day is not here yet despite the challenges of a work from home environment for parents and students. More from Governor Newson below!https://hubs.la/H0H48vZ0 

Good news to start off your morning! Movie theaters in New York City may reopen with limited capacity on March 5, Gov. Andrew Cuomo said Monday. Reserved seating will be required. More details on what's reopening in NYC below!https://hubs.la/H0H46b60 

The @CBRE Lending Momentum Index, tracking the pace of commercial loan closings in the U.S., reached a value of 221 in December, up by 38.2% from September. Learn more about the index trajectory below!https://hubs.la/H0H45W50 

Bethesda, MD.-based hotelier @Marriott posted a net income loss of $267 million for 2020, the hotel giant’s first annual loss since 2009. More details below!https://hubs.la/H0H0L0J0 

The Tides on 5th, a 197-unit garden-style multifamily property located in Tempe recently sold for $39 million to L5 Odyssey Real Estate Investments! To read more about the deal, visit the link below!https://hubs.la/H0H0yPX0 

The @TCEQ (Texas Commission on Environmental Quality) recently addressed water quality issues impacting communities across the state. TCEQ is working with water quality labs to ensure the safety of drinking water. Read more about the water crisis below.https://hubs.la/H0H0rtj0 

Even in a pandemic year, some things remain consistent, and Canadian buyers once again led the way for cross-border investment into U.S. commercial real estate, according to the latest edition of @realcapital's US Cross-Border Investment Compendium.https://hubs.la/H0H0mfV0 

Bright lights, big city? No thanks, say Gen Z renters. The latest data from @Yardi's RentCafe show that small towns in the heartland are newly trending for Gen Z renters, topped by Greenville, NC. More information about Gen Z market trends below!https://hubs.la/H0GZl6s0 

Some food for thought! The Federal Reserve’s latest stress tests for large financial institutions reflects the instability brought on by the ongoing public health crisis, writes @TreppWire managing director Matt Anderson. More from Matt Anderson below!https://hubs.la/H0GZl4C0