Connect Commercial Real Estate

Connect Commercial Real Estate

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Reposting an interesting report:
National Multifamily Housing Council Finds Growing Construction Delays in New Survey, and Mega Supply Pro Offers a Solution.
Read on!
Will your company expand to add an air fleet or connect with an airlines such as Spirit? I'd like to see your advertisement in the air too.
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National and regional commercial real estate news, conferences, advertising and marketing solutions for CRE related clients. Connect Media is a news media company, providing the top CRE news stories daily in various regions throughout the US.

We cover every property type so commercial real estate professionals can get the exact information which is relevant to them. In addition, we offer commercial real estate conferences, webinars and networking events. Finally, we offer creative services, digital marketing and advertising solutions to organizations involved with the commercial real estate industry.

Operating as usual

CBRE Arranges $65M Sale of Tampa MF Property 08/04/2021

CBRE Arranges $65M Sale of Tampa MF Property

CBRE brokered the $65 million sale of Hanley Place, a 400-unit multifamily property in Tampa. The property offers amenities including two swimming pools, a fitness center, a dog park, a business center and four on-site laundry facilities. More below!
https://hubs.la/H0TJLhj0

CBRE Arranges $65M Sale of Tampa MF Property CBRE has brokered the $65 million sale of Hanley Place, a 400-unit multifamily property in Tampa. Hanley Place was originally constructed in 1972 and is located at 7315 West Hanna Ave. near Westshore Business District, Downtown Tampa, Tampa International Airport and the Westchase neighborhood. The p...

JetBlue Makes Long-Term Commitment to LIC Headquarters, Plans JFK Expansion 08/04/2021

JetBlue Makes Long-Term Commitment to LIC Headquarters, Plans JFK Expansion

JetBlue said Tuesday it would double down on its commitment to New York by maintaining its headquarters in the city past the 2023 lease expiration and advancing plans to expand its flagship terminal at John F. Kennedy International Airport. More info below!
https://hubs.la/H0TJG1L0

JetBlue Makes Long-Term Commitment to LIC Headquarters, Plans JFK Expansion JetBlue said Tuesday it would double down on its commitment to New York by maintaining its headquarters in the city past the 2023 lease expiration and advancing plans to expand its flagship terminal at John F. Kennedy International Airport. These initiatives further strengthen JetBlue’s presen...

CDC Issues New Eviction Moratorium Amid “Unexpected” COVID Resurgence 08/04/2021

CDC Issues New Eviction Moratorium Amid “Unexpected” COVID Resurgence

Big news! Three days after the expiration of the federal moratorium on evictions in effect since last September, the Centers for Disease Control and Prevention has issued a new order temporarily halting evictions in counties with heightened levels of community transmission of COVID-19. The order is in effect through Oct. 3. Details below!
https://hubs.la/H0TJxmK0

CDC Issues New Eviction Moratorium Amid “Unexpected” COVID Resurgence Three days after the expiration of the federal moratorium on evictions in effect since last September, the Centers for Disease Control and Prevention has issued a new order temporarily halting evictions in counties with heightened levels of community transmission of COVID-19. The order is in effect....

08/03/2021

Connect CRE is proud to announce its Minority Business Enterprise Certification. The MBE certification reinforces our passionate outlook on diversity in the workforce. We don’t just speak about supporting minority groups, we practice these beliefs every

Connect CRE is proud to announce its Minority Business Enterprise Certification. The MBE certification reinforces our passionate outlook on diversity in the workforce. We don’t just speak about supporting minority groups, we practice these beliefs every day. Visit us at https://www.connectcre.com to learn more about how Connect can support multiple facets of your business. #MBE #NMSDC #MinorityOwned

Paramount Closes $860M Refi on 1301 Ave. of the Americas 08/03/2021

Paramount Closes $860M Refi on 1301 Ave. of the Americas

Paramount Group completed an $860-million refinancing of 1301 Avenue of the Americas, its 1.7-million-square-foot trophy office building in Midtown Manhattan. The property is currently 71.5% leased. The new five-year interest-only loan has an initial weighted average interest rate of 2.96% and includes a $500-million tranche that bears interest at a fixed rate of 3.11%. Details below!
https://hubs.la/H0TCyFC0

Paramount Closes $860M Refi on 1301 Ave. of the Americas Paramount Group has completed an $860-million refinancing of 1301 Avenue of the Americas, its 1.7-million-square-foot trophy office building in Midtown Manhattan. The property is currently 71.5% leased. The new five-year interest-only loan has an initial weighted average interest rate of 2.96% and i...

Timeline Photos 08/03/2021

Do you know a woman in commercial real estate who stands out for her professional excellence and inspirational leadership? If so, we’d like to hear from you. Nominations are opening for Connect Commercial Real Estate’s fifth annual Women in Real Estate Awards, and we welcome your input.

As we’ve done since 2017, Connect will honor women whose talent, drive, and fresh ideas have helped them succeed and become influential in commercial real estate. We’ll be spotlighting women in a wide range of sectors and roles, from brokers to attorneys and C-suite executives.

Please return your nomination by August 31, 2021. See link below for details & submissions!
https://hubs.la/H0TCsxX0

Do you know a woman in commercial real estate who stands out for her professional excellence and inspirational leadership? If so, we’d like to hear from you. Nominations are opening for Connect Commercial Real Estate’s fifth annual Women in Real Estate Awards, and we welcome your input.

As we’ve done since 2017, Connect will honor women whose talent, drive, and fresh ideas have helped them succeed and become influential in commercial real estate. We’ll be spotlighting women in a wide range of sectors and roles, from brokers to attorneys and C-suite executives.

Please return your nomination by August 31, 2021. See link below for details & submissions!
https://hubs.la/H0TCsxX0

NYC Multifamily Sales Post 57% Increase Y-O-Y 08/02/2021

NYC Multifamily Sales Post 57% Increase Y-O-Y

The New York City multifamily investment sales market experienced an uptick in activity during the second quarter of 2021, Ariel Property Advisors reported. Citywide except for Staten Island, Q2 saw 74 transactions across 118 properties that totaled $1.24 billion in gross consideration. More below!
https://hubs.la/H0TwtNq0

NYC Multifamily Sales Post 57% Increase Y-O-Y The New York City multifamily investment sales market experienced an uptick in activity during the second quarter of 2021, Ariel Property Advisors reported. Citywide except for Staten Island, Q2 saw 74 transactions across 118 properties that totaled $1.24 billion in gross consideration.  “These n...

Pritzker Signs Bill Expanding Affordable Housing Statewide 08/02/2021

Pritzker Signs Bill Expanding Affordable Housing Statewide

Illinois Gov. JB Pritzker signed House Bill 2621 into law, creating new financing programs and tax incentives to support the creation and preservation of affordable housing in communities across Illinois. The bill passed both the House and Senate with unanimous bipartisan support. Details below!
https://hubs.la/H0TwrXB0

Pritzker Signs Bill Expanding Affordable Housing Statewide Illinois Gov. JB Pritzker signed House Bill 2621 into law, creating new financing programs and tax incentives to support the creation and preservation of affordable housing in communities across Illinois. The bill passed both the House and Senate with unanimous bipartisan support. The governor also....

Federal Ban on Apartment Evictions Expires 08/02/2021

Federal Ban on Apartment Evictions Expires

The federal moratorium on apartment evictions, enacted last September by the Centers for Disease Control and Prevention, expired July 31 after a final one-month extension by the Biden administration. The expiration occurred despite a last-minute attempt in Congress at an extension, which the National Multifamily Housing Council and National Apartment Association opposed. More below!
https://hubs.la/H0Twqn30

Federal Ban on Apartment Evictions Expires The federal moratorium on apartment evictions, enacted last September by the Centers for Disease Control and Prevention, expired July 31 after a final one-month extension by the Biden administration. The expiration occurred despite a last-minute attempt in Congress at an extension, which the Nationa...

Wind Energy Site Will Power the Equivalent of 54,000 Homes 07/30/2021

Wind Energy Site Will Power the Equivalent of 54,000 Homes

A 182-megawatt Maryneal Windpower project in Nolan County, TX is now commercially operational, according to Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy. The site will provide enough renewable energy to power the equivalent of more than 54,000 U.S. homes. More below!
https://hubs.la/H0TqsMh0

Wind Energy Site Will Power the Equivalent of 54,000 Homes A 182-megawatt Maryneal Windpower project in Nolan County, TX is now commercially operational, according to Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy. The Maryneal project increases Duke Energy Sustainable Solutions’ U.S. wind capacity to more than 3,000 MW....

CRG Launches Second Logistics Fund, Targets $1.5B of Development 07/30/2021

CRG Launches Second Logistics Fund, Targets $1.5B of Development

CRG, the real estate investment and development arm of Chicago-based Clayco, launched U.S. Logistics Fund II, a fund that will develop a projected $1.5 billion of e-commerce and distribution facilities across key logistics markets throughout the U.S. over the next three years. Details below!
https://hubs.la/H0TqqS30

CRG Launches Second Logistics Fund, Targets $1.5B of Development CRG, the real estate investment and development arm of Chicago-based Clayco, launched U.S. Logistics Fund II, a fund that will develop a projected $1.5 billion of e-commerce and distribution facilities across key logistics markets throughout the U.S. over the next three years. The new fund is open t...

COVID Resurgence Pushes Back Corporations’ Timelines for Office Return 07/30/2021

COVID Resurgence Pushes Back Corporations’ Timelines for Office Return

The resurgent coronavirus and a return of mask recommendations are hampering corporate America’s plans to get back to normalcy, Bloomberg News reported. Among other large employers, Google said it would push back its official office return to mid-October and require vaccines, while Lyft postponed its return date to February. More below!
https://hubs.la/H0TqqM80

COVID Resurgence Pushes Back Corporations’ Timelines for Office Return The resurgent coronavirus and a return of mask recommendations are hampering corporate America’s plans to get back to normalcy, Bloomberg News reported. The renewed rise in COVID-19 cases comes just as it seemed vaccine shots would allow workers to return to offices and resume pre-pandemic norms. ...

Ecobat Acquires EV Lithium Battery Recycler Promesa 07/29/2021

Ecobat Acquires EV Lithium Battery Recycler Promesa

The demand for EV lithium-ion battery recycling continues to accelerate worldwide and is expected to be worth $4.7 billion in 10 years. To address this demand, battery recycler Ecobat recently acquired Promesa, an EV lithium-ion battery recycling operator based in Hettstedt, Germany. Details below!
https://hubs.la/H0Tn4fw0

Ecobat Acquires EV Lithium Battery Recycler Promesa The demand for EV lithium-ion battery recycling continues to accelerate worldwide and is expected to be worth $4.7 billion in 10 years. To address this demand, battery recycler Ecobat recently acquired Promesa, an EV lithium-ion battery recycling operator based in Hettstedt, Germany. “The addition...

Cuomo to NY Businesses: Bring Workers Back Onsite by Labor Day 07/29/2021

Cuomo to NY Businesses: Bring Workers Back Onsite by Labor Day

Gov. Andrew Cuomo on Wednesday called on New York businesses to encourage a return to in-person work by Labor Day. Speaking during a virtual address before members of the Association for a Better New York (ABNY), Cuomo also asked restaurants and other businesses to help allay COVID-related safety concerns by serving only vaccinated patrons on the business’ premises. More below!
https://hubs.la/H0Tn48L0

Cuomo to NY Businesses: Bring Workers Back Onsite by Labor Day Gov. Andrew Cuomo on Wednesday called on New York businesses to to encourage a return to in-person work by Labor Day. Speaking during a virtual address before members of the Association for a Better New York, Cuomo also asked restaurants and other businesses to help allay COVID-related safety concer...

Lime Rock Resources to Buy Oil/Gas Properties for $508M 07/28/2021

Lime Rock Resources to Buy Oil/Gas Properties for $508M

Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, recently reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller. The transaction is expected to close on September 30. Details below!
https://hubs.la/H0Tgc1D0

Lime Rock Resources to Buy Oil/Gas Properties for $508M Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, recently reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller. The transaction is expected to close on September 30.....

California Takes Decisive Action on Unvaccinated State Workers 07/28/2021

California Takes Decisive Action on Unvaccinated State Workers

California is taking decisive action to combat the spread of COVID-19 by implementing a first-in-the-nation standard. This will require all state workers and healthcare/high-risk congregate setting workers to either show proof of full vaccination or be tested at least once per week. And it is encouraging all local government and other employers to adopt a similar protocol. More below!
https://hubs.la/H0TgkhF0

California Takes Decisive Action on Unvaccinated State Workers Despite California leading the nation in vaccinations with more than 44 million doses administered, the state is reporting an increase in unvaccinated people being admitted to the ICU and dying. This increase is heavily due to the Delta variant, which is more contagious and kills people more quickly...

U.S. Housing Prices Set Another Record for Annual Growth 07/28/2021

U.S. Housing Prices Set Another Record for Annual Growth

Housing prices once again posted record-high year-over-year increases, according to the latest S&P CoreLogic Case-Shiller indices, released Tuesday. The National index, covering all nine U.S. census divisions, reported a 16.6% annual gain in May, up from a record-setting 14.8% in the previous month. More below!
https://hubs.la/H0TgcGj0

U.S. Housing Prices Set Another Record for Annual Growth Housing prices once again posted record-high year-over-year increases, according to the latest S&P CoreLogic Case-Shiller indices, released Tuesday. The National index, covering all nine U.S. census divisions, reported a 16.6% annual gain in May, up from a record-setting 14.8% in the previous month....

07/27/2021

www.connectcre.com

The Texas Department of Housing and Community Affairs (TDHCA) board recently awarded $52.9 million in housing stability service grants to 31 organizations around the state. These grants will be used for housing stabilization activities including outreach and shelter services. More details below!
https://hubs.la/H0TcB2y0

www.connectcre.com

07/27/2021

www.connectcre.com

Gov. Gavin Newsom recently proclaimed a state of emergency for Plumas, Butte and Lassen counties due to the fires raging in those areas. The Fly and Tamarack fires collectively have destroyed homes, caused the evacuation of residents and damaged critical infrastructure. More information below!
https://hubs.la/H0Tcw7F0

www.connectcre.com

07/27/2021

www.connectcre.com

Independence Realty Trust Inc. (IRT) and Steadfast Apartment REIT Inc. (STAR) said Monday afternoon they agreed to merge, with IRT surviving as the continuing public company. The combined company is expected to have a pro forma equity market capitalization of approximately $4 billion and a total enterprise value of approximately $7 billion. More below!

https://hubs.la/H0TcB260

www.connectcre.com

$115M Sale Shows Strength of Pierce Co. Industrial 07/26/2021

$115M Sale Shows Strength of Pierce Co. Industrial

Tacoma Supply Chain Center, a new class-A industrial complex in Frederickson, WA, recently sold to Dalfen Industrial LLC in an off-market deal for approximately $115 million. The property is located off of 176th Street within the broader Pierce County industrial submarket of Seattle. More below!
https://hubs.la/H0T4XSS0

$115M Sale Shows Strength of Pierce Co. Industrial Tacoma Supply Chain Center, a new class-A industrial complex in Frederickson, WA, recently sold to Dalfen Industrial in an off-market deal for approximately $115 million. The property is located off of 176th Street within the broader Pierce County industrial submarket of Seattle. This sale highlight...

Rivian Closes $2.5B Funding Round, Plans Second U.S. Factory 07/26/2021

Rivian Closes $2.5B Funding Round, Plans Second U.S. Factory

Electric vehicle maker Rivian closed a $2.5-billion private funding round, led by Amazon’s Climate Pledge Fund, D1 Capital Partners L.P. , Ford Motor Company and funds and accounts advised by T. Rowe Price Associates. Details below!
https://hubs.la/H0T4TKT0

Rivian Closes $2.5B Funding Round, Plans Second U.S. Factory Electric vehicle maker Rivian has closed a $2.5-billion private funding round, led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. Rowe Price Associates. Completion of the funding round coincides with the Irvine, CA-based company’s an...

Sila Exits Data Center Sector with $1.3B Sale to Mapletree 07/26/2021

Sila Exits Data Center Sector with $1.3B Sale to Mapletree

Tampa-based Sila Realty Trust, Inc., formerly Carter Validus Mission Critical REIT II, closed on the sale of a 29-property data center portfolio to subsidiaries of Mapletree Industrial Trust (MIT) for $1.32 billion. Spanning 18 states, the 3.3-million-square-foot portfolio sale marks Sila’s exit from the data-center sector in favor of its healthcare holdings. More below!
https://hubs.la/H0T4MWg0

Sila Exits Data Center Sector with $1.3B Sale to Mapletree Tampa-based Sila Realty Trust, formerly Carter Validus Mission Critical REIT II, has closed on the sale of a 29-property data center portfolio to subsidiaries of Mapletree Industrial Trust (MIT) for $1.32 billion. Spanning 18 states, the 3.3-million-square-foot portfolio sale marks Sila’s exit fro...

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Connect CRE is proud to announce its Minority Business Enterprise Certification. The MBE certification reinforces our pa...
Happy Sunday! Join us as Sofia Nadji runs through Connect CRE's Top 3 Stories in real estate news this week.
Happy Saturday! Sit back & catch up on the top 3 stories in real estate news this week with Sofia Nadji from Connect CRE...
Happy Saturday! Sit back & relax as Connect CRE's Sofia Nadji shares this week's top 3 stories in real estate news. Enjo...
Happy Sunday! Relax & catch up on the top 3 stories in real estate news this week with Sofia Nadji from Connect CRE.
Happy Saturday! Connect CRE is here to give you the highlights of the three top stories in real estate news this week.
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Connect CRE is here to give you the tip 3 stories in real estate news this week! We are excited to introduce this new we...
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