Real Estate: archive
Every Real Estate story in Alternatives, newest first. 13 stories
1 story
NAREIM survey: 91% of surveyed CRE firms use Copilot
Deloitte's outlook found 8% of surveyed CRE executives had integrated AI, with 92% still in research or pilot.
3 stories
Marcus & Millichap brokers $8.9M Brighton apartment sale
A private family sold the 24-unit building near Sutherland Road Station to a partnership, Connect CRE reported.
Hamilton Zanze announces sale of 196-unit Virginia Beach apartments
Buyer and price were not disclosed; the sponsor acquired the property in January 2020.
McGrath completes lease-up of 736-bed Lubbock student housing
The Wyatt, near Texas Tech, is 100% occupied, REBusiness Online reported Oct. 23.
3 stories
Cawley brokers 29,600-square-foot industrial sale in Carol Stream
High Street Logistics Properties bought the 2005-built Class B building on 1.90 acres with 24-foot clear heights and six docks.
WinnCompanies delivers 80 Worcester senior units for $51 million
The project is fully leased at ribbon cutting, with 68 units leased at up to 60% AMI and 12 occupied at up to 30% AMI.
Similar AI models could push CRE investors into same deals
An Oct. 16 PLOT Daily article, summarized Oct. 22, cites Bank of England and FSB warnings on correlated decisions.
1 story
Josef Stanzl buys 47-unit Capitol Hill apartments for $20.4M
Colliers brokered the off-market sale; the per-unit price is about $434,000.
4 stories
Fairstead, BRP complete $636M NYCHA rehab
Urbane and Local Development Corporation of East New York joined the project covering 87 buildings and nearly 3,000 residents.
Marcus & Millichap brokers $8.5M sale of 29-unit Anaheim building
The all-cash deal closed in 26-day escrow and is the first closing in a family portfolio being repositioned into Orange County apartments.
Hiffman National manages 104 million square feet
Growth came from existing clients in new markets, including a 1.8 million-square-foot first Arizona industrial assignment.
Kingsley Orchard sells 120 Somerville units for $39 million
Connect CRE reports the Davis Square portfolio spans three brick buildings; no buyer was named.
1 story
Cross Street, ZSD top out 149-unit Chicago apartments
The project includes 11 two-story duplexes with private patios and about 3,800 square feet of first-floor retail, Connect CRE reported.