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  • newCRE Execs Say They’re Not Ready for a Digital Future
    “The impact of COVID-19 on the global economy and the CRE industry has made 2020 the most memorable year in recent history,” says Deloitte in its 2021 Commercial Real Outlook, prepared by U.S. real estate leader Jim Berry and others. “CRE comp…
    - 10 hours ago 4 Dec 20, 6:16pm -
  • newTimberline Construction Hires Dutra-Kelly, McCarthy as Directors in Canton
    Timberline Construction has announced the hiring of Kerri Dutra-Kelly as Director of Human Resources and Shannon McCarthy as Director of Marketing in the firm’s Canton, MASS. headquarters. Timberline is a construction management firm serving scienc…
    - 11 hours ago 4 Dec 20, 6:10pm -
  • newRetail is Busy Reinventing Itself
    Although a superficial view of retail in the year of COVID-19 would suggest a bifurcation between “essential” categories that performed relatively well and non-essential operators that filed for bankruptcy, the reality is both more nuanced and mo…
    - 11 hours ago 4 Dec 20, 6:05pm -
  • newWhere CMBS Delinquencies are Headed in 2021, More or Less
    Following a tumultuous year that has seen “near record-breaking high delinquency and special servicing numbers” for CMBS loans, 2021 is expected to see further movement, Trepp reports. Among the various property sectors, it won’t all be in the…
    - 11 hours ago 4 Dec 20, 5:51pm -
  • newIron Mountain Sells Industrial Portfolio for $358M
    Boston-based storage and information management services firm Iron Mountain has sold a portfolio of 13 industrial facilities to Blackstone Real Estate Income Trust (BREIT). The sales price was $358 million. The sale-leaseback transaction totals 2.1 m…
    - 11 hours ago 4 Dec 20, 5:38pm -
  • newDriven by Leisure and Hospitality Layoffs, Vegas and NYC Led Pandemic Job Losses
    Just as certain demographic cohorts appear to be more vulnerable to COVID-19, so some metro areas—and job segments—have been hit harder economically by the pandemic. Yardi Matrix reports that leisure and hospitality was by far the biggest employ…
    - 11 hours ago 4 Dec 20, 5:33pm -
  • newAvalonBay Launches Tech-Forward Apartment Concept in Rockville
    Equity REIT AvalonBay Communities has launched a new concept in apartment living with the introduction of Kanso Twinbrook, a 238-unit apartment community in Rockville, MD. Located at 12503 Ardennes Ave., the community is designed with self-serve tech…
    - 12 hours ago 4 Dec 20, 5:09pm -
  • newJLL Brokers Sale of 400-Unit MF Property in Herndon
    JLL has arranged the sale of the Station on Silver, a 400-unit multifamily property in Herndon, VA. The sales price was not disclosed. Located at 2340 Carta Way, the property is nearby the Innovation Center Metro station as well as a number of employ…
    - 12 hours ago 4 Dec 20, 4:34pm -
  • newLaramar Group Snags 616-Unit Apartment Community in Jacksonville
    National real estate investment and property management firm The Laramar Group has acquired the Creekfront at Deerwood, a 616-unit apartment community in Jacksonville. The sales price was not disclosed. Built in 1986, the community consists of 108 re…
    - 13 hours ago 4 Dec 20, 4:11pm -
  • newPlaza Advisors Arranges Sale of 135K-SF Retail Plaza in Naples
    Plaza Advisors has arranged the sale of Naples Towne Center, a 134,707-square-foot retail plaza in Naples. The sales price was not disclosed. Located on US 41, the center is nearby a number of national retailers including Home Depot and Walmart Super…
    - 14 hours ago 4 Dec 20, 3:03pm -
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