NLOP Sells Four Office Assets for $43M,

NLOP Sells Four Office Assets for $43M,

Net Lease Office Properties (NLOP), a publicly traded real estate investment trust, has sold four U.S. office properties for gross proceeds totaling approximately $43.1 million. In November 2023, W.P. Carey spun off Net Lease Office Properties as a separate, publicly...
NLOP Sells Four Office Assets for $43M,

NLOP Sells Four Office Assets for $43M,

Net Lease Office Properties (NLOP), a publicly traded real estate investment trust, has sold four U.S. office properties for gross proceeds totaling approximately $43.1 million. In November 2023, W.P. Carey spun off Net Lease Office Properties as a separate, publicly...
Red Mountain Group Trades STNL Texas Roadhouse,

Red Mountain Group Trades STNL Texas Roadhouse,

Red Mountain Group Inc., an Orange County-based retail redevelopment firm, closed the recent sale of a single-tenant net leased Texas Roadhouse located in Indio. The 16,560-square-foot property traded for $3 million to LHF Properties, LLC and H and G Joint Venture....
Lee & Associates NSDC Adds Investment Sales Duo

Lee & Associates NSDC Adds Investment Sales Duo

Lee & Associates – North San Diego County (NSDC) has added Robert Black and Christopher Armes, who specialize in senior housing and hospitality investment sales. The duo brings a collective 40 years of experience to Lee & Associates’ Carlsbad...
Victory Home Remodeling Subleases 43K-SF in NJ ,

Victory Home Remodeling Subleases 43K-SF in NJ ,

Victory Home Remodeling has signed a long-term, 42,949-square-foot sublease at Bell Works facility in Holmdel, NJ. Victory Home Remodeling will use the Bell Works property as its new headquarters, relocating from Edison.   Previously known as the Bell Works...
BofA Inks 550K-SF Office Lease in Jersey City ,

BofA Inks 550K-SF Office Lease in Jersey City ,

Bank of America has signed a 550,000-square-foot office lease at Newport Tower in Jersey City.   Cushman & Wakefield’s Robert Rudin, David DeMatteis, Mina Shehata, Dirk Hrobsky, Karl Helgessen, Jan Randall Dausend and Christina Magill represented the...
NACD Signs Long-Term HQ Lease in Rosslyn ,

NACD Signs Long-Term HQ Lease in Rosslyn ,

Monday Properties, a real estate investment firm and developer, has secured a long-term office lease for 40,000 square feet at 1100 Wilson Blvd in Rosslyn, VA., with the National Association of Corporate Directors (NACD). This location will now serve as NACD’s...
Two Florida Vacation Membership Giants Merge

Two Florida Vacation Membership Giants Merge

Hilton Grand Vacations (HGV) offerings just increased by 40%. The company agreed to merge with Bluegreen Vacations Holding Corp. The acquisition has increased Hilton’s membership base from 525,000 to 740,000 vacation owners. Bluegreen has added 49 club resorts and 24...
Iconic Sunny Isles Beach Resort to Revamp, Rebrand

Iconic Sunny Isles Beach Resort to Revamp, Rebrand

The Newport Beachside Hotel & Resort was once the destination for stars from Sammy Davis Jr. and Tina Turner to Jimi Hendrix and Led Zeppelin. The 10-story resort is changing its name to The Sunny and will temporarily shut down for a $42 million renovation....
Return to Lender: Week of Jan. 18, 2024,

Return to Lender: Week of Jan. 18, 2024,

The $308-million mortgage on 1740 Broadway, a Manhattan office tower owned by Blackstone Inc., is up for sale again after the private equity giant defaulted on the debt more than a year ago, reported Bloomberg News. Special servicer Midland Loan Services hired JLL to...
Nonprofit Housing Fund Acquires Charlotte Property

Nonprofit Housing Fund Acquires Charlotte Property

The Park at Ferentino is located in Charlotte, N.C. Image courtesy of Northmarq Community Solutions, a mission-driven nonprofit organization seeking to reduce homelessness, has made its first acquisition in the Charlotte, N.C., area. The national nonprofit housing...
Return to Lender: Week of Jan. 18, 2024,

Return to Lender: Week of Jan. 11, 2024,

Kroll Bond Rating Agency reported that the Columbus Square Portfolio, totaling $370.6 million in four 2014 vintage conduit transactions, transferred to the special servicer for imminent maturity default. The portfolio is backed by five condominium buildings that...
Harmony Housing Launches Affordable Unit

Harmony Housing Launches Affordable Unit

Seeking to make an even greater impact on creating and preserving affordable housing in the U.S., Harmony Housing has formed a new wholly owned subsidiary, Harmony Housing Affordable Development, Inc. To expand its services, particularly in the creation of ground-up...
How Will the Affordable Senior Housing Gap Be Filled?

How Will the Affordable Senior Housing Gap Be Filled?

The affordable housing shortage in the U.S. has been documented for years. But the sound bites frequently fail to dive into the distinction between affordable housing for those in the workforce and an aging population that is nearing or already in retirement. READ THE...
REMOTE NO MORE

REMOTE NO MORE

2024 Remote no more. The pandemic did damage in so many ways. It was an unprecedent time and a lot of decisions were made out of fear, haste and control. The need to create a remote work environment came as a necessity to let people retain their jobs and feel safe....
1st Phase of Affordable Miami Project Tops Out

1st Phase of Affordable Miami Project Tops Out

The topping out ceremony for Southpointe Vista. Image courtesy of ANF Group ANF Group has topped out a 10-story, 124-unit multifamily building at Southpointe Vista, a 332-unit, two-phase affordable housing project being developed by McDowell Housing Partners in the...
Camber to Break Ground on Affordable Bronx Project

Camber to Break Ground on Affordable Bronx Project

A rendering of the completed Stevenson Square project. Image courtesy of WXY Camber Property Group will begin construction on the first phases of its master-planned affordable development in the Bronx in January. The three buildings comprising the first two phases of...
Related JV Lands $360M for Queens Affordable Project

Related JV Lands $360M for Queens Affordable Project

Rendering of Willets Point, which received financing from Wells Fargo. Photo courtesy of NYCEDC Destined to be the largest 100 percent affordable New York City housing development built in the last 40 years, Willets Point Phase I has obtained a total of $360 million...
Santander Buys Stake in $9B Signature Bank Portfolio

Santander Buys Stake in $9B Signature Bank Portfolio

Solana Lakewood in Colorado is among the properties receiving financing from Santander Bank this year. Image courtesy of Yardi Matrix Santander Bank has acquired a 20 percent stake in a $9 billion rent-controlled and rent-stabilized multifamily loan portfolio retained...
Habitat Tops Off 2nd Building in Chicago Development

Habitat Tops Off 2nd Building in Chicago Development

The second phase of 43 Green in Chicago is officially topped out. Image courtesy of Habitat The Habitat Co. and P3 Markets, co-developers of 43 Green in Chicago’s historic Bronzeville neighborhood, have topped off a second apartment building at the development. The...
EJS Group Lands $108M for Bed-Stuy Project

EJS Group Lands $108M for Bed-Stuy Project

Hope Street Capital is also building 959 Sterling Place in Brooklyn’s Crown Heights neighborhood. Image courtesy of Hope Street Capital Real estate development company EJS Company, in partnership with Hope Street Capital, has closed a $108.15 million...
Thrive Living Starts LA Affordable Project

Thrive Living Starts LA Affordable Project

The community acquired is situated at 1457 North Main St. in downtown Los Angeles. Image courtesy of Thrive Living Thrive Living, with JPMorgan Chase’s support, is planning a new affordable and workforce housing community in downtown Los Angeles, solely financed with...
CAMBA Starts $238M Brooklyn Affordable Community

CAMBA Starts $238M Brooklyn Affordable Community

Clarkson Estates is part of New York’s $1.4 billion Vital Brooklyn initiative. Image courtesy of CetraRuddy Architecture CAMBA Housing Ventures has broken ground on Clarkson Estates, a 328-unit permanently affordable passive housing development in Brooklyn, New...