Commercial Real Estate News
Seal the deal with news about non-residential properties and sales, including commercial and industrial real estate. Learn about new ventures, partnerships, deals, products and services geared toward the business of real estate.
Simon Davis Joins Impec Group as SVP of Workplace Technology
Simon Davis, a recognized thought leader in real estate technology, joins Impec Group. Mr. Davis will serve as SVP of Workplace Technology. Mr. Davis brings with him experience in technology solutions, machine learning, virtual design, workplace optimization, and IWMS consulting/software. - February 12, 2021 - Impec Group
Store Here Self Storage Announces Opening of New Facility in Racine, Wisconsin
Store Here Self Storage (“Store Here”), a national self-storage operator with facilities across thirteen states, announces the opening of its third location in Wisconsin, Store Here Self Storage in Racine. - February 11, 2021 - Store Here Self Storage
Argus Broker Affiliates Announce Sale of Alabama Self Storage Facility
Bill Barnhill, CCIM, and Stuart P. LaGroue, Sr., the Argus Self Storage Advisors for the Gulf Coast region, represented the seller of “Storage Solutions – Climate Controlled Storage” located in Opelika, AL. - February 10, 2021 - Argus Self Storage Advisors
Hilton Jones Named Consultant at RT Environmental & Construction Professional
Hilton Jones has been named a consultant within the Environmental and Construction Professional (ECP) Practice of RT Specialty. Based in San Francisco, California, Hilton is responsible for expanding the company’s presence as a premium resource for access to environmental and... - February 09, 2021 - R-T Specialty, LLC's Environmental & Construction Professional Practice
KH Properties LLC Finalizes Renovation of 351-Unit Bethalto, IL Apartment Community
KH Properties LLC is celebrating the completion of its most recent multi-family community. After purchasing the neglected property in 2018, KH Properties has directed the multimillion-dollar project toward restoring and revitalizing this community. Joining KH Properties’ other apartment communities in Collinsville, Wood River, and Granite City, Metro Apartments at Bethalto is the most significant Illinois investment KH Properties has made in the last three years. - February 05, 2021 - KH Properties
Durante Rentals Continues Expansion with New 20,000 Square Foot Rental Facility in Carmel, NY
Durante Rentals, a leader in the construction equipment rental industry, announced the grand opening of their new full-service rental facility located at 81 Commerce Drive in Carmel, NY. At 20,000 square feet, the new store is five times larger than their previous Carmel location and is their... - February 05, 2021 - Durante Rentals
Tom Rea Named Executive Vice President of Berkley Service Professionals
Tom Rea has been named executive vice president of Berkley Service Professionals, a division of Berkley Alliance Managers, a Berkley Company. He is responsible for overseeing the organization’s operations, strategic direction and business development efforts. “We are excited to welcome... - February 04, 2021 - Berkley Alliance Managers
Argus Broker Affiliates Announce Sale of Colorado Self Storage Development Land
Jeff Gorden, of The Gorden Group/KW Commercial, has arranged the sale of 38 acres of land in Aurora, Colorado. The parcel sold January 27, 2021 for $2,500,000. The Buyer’s development plan spans just over 38 acres and includes phased development of covered and uncovered RV Storage Spaces. - February 04, 2021 - Argus Self Storage Advisors
SelfStorageInvesting.com Has Announced the Next Live Onsite Self Storage Academy™; The Industry’s Premier Educational Event Will be Held on February 20-22, 2021
The Organizer of The Self Storage Academy™ is Scott Meyers, investor, author, and owner of SelfStorageInvesting.com, along with his team of key industry professionals. The three-day event teaches real estate investors and entrepreneurs how to find, evaluate, finance, purchase, develop and... - January 31, 2021 - Self Storage Investing
West Coast Self-Storage West Seattle Donates to Save the Stone Cottage
Effort Underway to Save Historic Home from Wrecking Ball - January 28, 2021 - West Coast Self-Storage
1.2 Million Square Feet Leased in the 4th Quarter for King Industrial’s I-20/ Fulton Industrial Office
The Southwest/Fulton Industrial Submarket Office of King Industrial Realty (Wilson Covington, SIOR; Randall Bryan, SIOR; Brad Bays, SIOR; & Bob Stephens) continued to lead the way during the fourth quarter of 2020 in the Southwest industrial market in Atlanta, Georgia, with deal volume... - January 27, 2021 - King Industrial Realty, Inc.
Argus Broker Affiliates Announce Sale of Alabama Self Storage Facility
Bill Barnhill, CCIM, and Stuart P. LaGroue, Sr., the Argus Self Storage Advisors for the Gulf Coast region, negotiated and facilitated the sale of a CubeSmart managed facility (privately owned) in Huntsville, AL. The Class “A” asset is located at 11580 Memorial Parkway SW and consisted... - January 24, 2021 - Argus Self Storage Advisors
Argus Broker Affiliates Announce Sale of North Dakota Self Storage Portfolio
Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis, broker affiliates of Argus Self Storage Advisors, represented the seller and procured the buyer for the RH Rebel Storage Portfolio with locations in Jamestown, Minot, and Valley City, North Dakota. The four-property portfolio was sold to KO... - January 20, 2021 - Argus Self Storage Advisors
Argus Broker Affiliate Sells Arkansas Self Storage Facility
Larry Goldman, CCIM, of Goldman Investment Advisors, facilitated the sale of Handy Rentals in Wynne, Arkansas. - January 18, 2021 - Argus Self Storage Advisors
Advancement in Technology; HEPA Clean Specialty Products Complies with CDC Guidelines for Infection Control and Containment on Medical Related Construction Projects
CDC guidelines suggest that on any construction related projects all negative air is exhausted to the exterior of a building. This is not always possible, it can be labor intensive and impact energy usage for HVAC. These factors cost time and money. CDC allows for alternative solutions. HEPA Clean Specialty Products has developed an alternative solution. - January 14, 2021 - HEPA Clean Specialty Products LLC
Justin Kochmer Named Account Administrator at RT Specialty
RT Specialty has named Justin Kochmer as an account administrator within its Environmental and Construction Professional (ECP) Practice. He is responsible for supporting the expert account and policy management services provided to brokers and agents nationwide by the company’s senior... - January 13, 2021 - R-T Specialty, LLC's Environmental & Construction Professional Practice
LichtensteinRE Has Sold a Shopping Center in Congers, NY for $4,000,000
LichtensteinRE has procured a Rare 4% Fixed Rate Interest; Only 15 Year Seller’s PM Private Money First Mortgage for the Buyer. - January 13, 2021 - LichtensteinRE
Argus Broker Affiliates Announce Sale of Louisiana Self Storage Facility
Argus Self Storage Advisor Affiliates Bill Barnhill, CCIM and Jeremy B. Milling, CCIM represented the seller of Central City Mini Storage located in Central, Louisiana, a suburb of Baton Rouge. The property sold on January 6, 2021 to a group of investors out of Los Angeles, California and Dallas,... - January 10, 2021 - Argus Self Storage Advisors
ASC Secures $10.24 Million Acquisition Loan for Multifamily Community in Burbank, IL
American Street Capital (“ASC”) announced today that it has secured a $10.24 million acquisition loan for a multifamily community located in Burbank, IL. Built in 1983, the multifamily community consists of 27 simplex style buildings containing 173 units on 6.31 acres. The unit mix... - January 08, 2021 - American Street Capital
Argus Broker Affiliates Announce Sale of Two Florida Self Storage Development Sites
Josh Koerner & Frost Weaver, of Weaver Realty Group, Inc., are pleased to announce the sale of two Class A self storage development sites in South Florida. Tamarac Self-Storage Development Site, located along West McNab Road in Tamarac, closed November 17, 2020. The property is located on 1.37... - January 06, 2021 - Argus Self Storage Advisors
IREM Austin Announces 2020 Award Recipients for Excellence in Property Management
The Institute of Real Estate Management Austin Chapter announces winners of its 2020 awards recognizing excellence in property management to outstanding professionals. For over 80 years, IREM has set the standard for professionalism in the real estate industry through adherence to the highest... - December 31, 2020 - IREM Austin
ASC Arranges $12.59 Million for Multifamily LIHTC Portfolio in Florida
American Street Capital (“ASC”) announced today that it has arranged $12.59 million in permanent loans for the acquisition of two LIHTC multifamily communities located in Florida. The first of the two deals include a $6,963,000 permanent loan for the acquisition of a 144-unit LIHTC... - December 19, 2020 - American Street Capital
Trillium Capital Resources Arranges $27 Million Financing for Two Multifamily Properties and a $37 Million Multifamily with HUD
Trillium Capital Resources, LLC is pleased to announce the successful closing of two new multifamily properties and the successful repricing of a $37 million HUD loan through the A7 program. Palm Bay Grand Apartments, located in Melbourne, FL contains 166 units and was financed with a $21 million... - December 19, 2020 - Trillium Capital Resources
Summit Heated Self Storage Opens in Tacoma, Washington
Storage operation Summit Heated Self Storage announced today that it is now open. The business is located at 5104 104th Street East in the Summit area of Tacoma. Summit Heated Self Storage features 843 units totaling 105,349 sq. ft. of rentable storage space. The storage facility offers both... - December 17, 2020 - West Coast Self-Storage
RT Specialty Webinar Details the Dos and Don'ts of Servicing Contractor's Professional Liability Claims
R-T Specialty, LLC’s Environmental and Construction Professional (RT ECP) Practice recently detailed The Dos and Don'ts of Servicing Contractor's Professional Liability (CPrL) Claims during an online executive industry panel moderated by BJ Leonard, the company’s assistant vice... - December 16, 2020 - R-T Specialty, LLC's Environmental & Construction Professional Practice
BDA Advises Sundance Mountain Resort on Sale to Broadreach and Cedar Capital Partners
BDA Partners is pleased to announce that Robert Redford has agreed to sell BDA client, the Sundance Mountain Resort, to Broadreach Capital Partners and Cedar Capital Partners. Robert Redford founded Sundance Mountain Resort over 50 years ago. This transaction is the result of a long-term,... - December 14, 2020 - BDA Partners Ltd
The University of Texas at San Antonio Institute for Economic Development and Retail Strategies to Host Inaugural Texas Retail Academy
The University of Texas at San Antonio (UTSA) Institute for Economic Development has partnered with Retail Strategies, LLC to offer Retail Academy to six communities across Texas. The UTSA Institute for Economic Development will act as an accountability partner for the communities. Retail Academy... - December 09, 2020 - Retail Strategies
NOVA USA Wood Products Celebrates 15th Anniversary with 100% Percent Increase in Year-to-Year Sales Revenues for Its ExoShield Wood Stain and QuickClips
Nova USA Wood Products, the leading supplier of superior, high-quality hardwood products and accessories, recently completed its 15th anniversary with a 100 percent increase in year-to-year sales revenues for its proprietary wood stain and fastening products. Launched in 2005 as a manufacturer and... - December 08, 2020 - Nova USA
Vazza Acquires 161 Unit Apartment Community in Kansas City
Boston based Vazza continues to acquire in Midwest and South. Attractive cap rates and all time low financing has kept them coming back. - December 03, 2020 - Vazza Real Estate Group
Cindy Nasser, PCV Murcor COO, Named to the Dean’s Advisory Council for Cal Poly Pomona’s College of Business Administration
PCV Murcor, a nationwide real estate valuations management company, is pleased to announce that Cindy Nasser, Chief Operating Officer, has been named to the Cal Poly Pomona – College of Business Administration’s Dean’s Advisory Council. The Dean’s Council serves as the... - December 03, 2020 - PCV Murcor
Joseph Reynolds of RT Specialty Explores Contractor Faulty Workmanship Coverage Innovations at IRMI Construction Risk Virtual Conference
Joseph Reynolds, assistant vice president within R-T Specialty, LLC’s Environmental and Construction Professional (RT ECP) Practice, recently highlighted “Insurance for Faulty Workmanship: The Next Great Innovation for Contractors?” at the IRMI Construction Risk Conference held... - December 03, 2020 - R-T Specialty, LLC's Environmental & Construction Professional Practice
Kensington Self Storage, Spartanburg, South Carolina, Sold by Midcoast Properties, Inc.
Midcoast Properties, Inc. announces the sale of Kensington Self Storage, located in Spartanburg, South Carolina. - December 03, 2020 - Midcoast Properties, Inc.
Nova USA Wood Products to Showcase ExoShield Wood Stain, ExoClad Rainscreen QuickClip & Premium Hardwood Decking & Siding Solutions at ABX20
Nova USA Wood Products, a leading importer of real wood decking and siding, will demonstrate its full line of ExoShield Wood Stains, ExoClad Rainscreen QuickClips, RainScreen Siding, and premium hardwood decking products at ABX20 (www.abexpo.com) the Northeast’s largest architectural event to... - November 30, 2020 - Nova USA
Keepsake Storage, Powells Point, North Carolina, Sold by Midcoast Properties, Inc.
Midcoast Properties, Inc. announces the sale of Keepsake Storage, located in Powells Point, North Carolina. - November 20, 2020 - Midcoast Properties, Inc.
Argus Broker Affiliates Announce Sale of Minnesota Self Storage Facility
Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis, broker affiliates of Argus Self Storage Advisors, represented the Seller and procured the Buyer for the sale of Dakota Mini Storage in Hastings, MN. - November 20, 2020 - Argus Self Storage Advisors
CapitaLand Secures First Three Green Loans in India Totalling INR17 Billion for Its Business Park Developments in Chennai, Gurgaon and Pune
CapitaLand has secured its first three green loans in India, totalling INR17 billion (S$323 million) from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India). The three green loans mark CapitaLand’s first foray in sustainable finance in... - November 20, 2020 - CapitaLand Investment Limited
Berkley Design Professional’s BDP Risk® Learning Management System Named Brandon Hall Group 2020 Silver Excellence Award Winner
For the second consecutive year, Berkley Design Professional (BDP), a division of Berkley Alliance Managers, a Berkley Company, has won a Brandon Hall Group Excellence Award for Learning for its BDP Risk® Learning Management System. The 2020 Silver Award for “Best Advance in Custom... - November 17, 2020 - Berkley Alliance Managers
Three-Property Portfolio, Albany and Leesburg, Georgia, Sold by Midcoast Properties, Inc.
Midcoast Properties, Inc. announces the recent sale of a three-property portfolio located in Albany and Leesburg, Georgia. Midcoast Properties, Inc. represented the seller, with Michael Morrison as lead broker. Michael also sourced the buyer to facilitate the deal. This portfolio consists of three... - November 13, 2020 - Midcoast Properties, Inc.
Mike Hix Joins Meadows Bank as Executive Vice President, Senior Loan Officer in Northern Nevada
Meadows Bank announced that Mike Hix recently joined Meadows Bank as Executive Vice President, Senior Loan Officer in Northern Nevada. Mike is a native Nevadan with over 35 years of banking experience in Northern Nevada. Mike joins Meadows Bank most recently from Plumas Bank where he was Senior... - November 12, 2020 - Meadows Bank
A+W Realty Corp. Announces New Tenant at 60-East Warehouse in Newton, NC
Atlantic + Western Realty Corp. (A+W Realty) announces today it has leased warehouse and distribution space in its newly acquired building called “60 East” to D9 Brewing. - November 11, 2020 - Atlantic Western Realty Corp.
RT Specialty Panel Explores “The Future of Contractors Professional Liability Insurance”
Dedicated to “The Future of Contractors Professional Liability Insurance (CPrL),” R-T Specialty, LLC’s Environmental and Construction Professional (RT ECP) Practice recently explored the impact of the coronavirus pandemic and related trends on the popular coverage form designed to... - November 10, 2020 - R-T Specialty, LLC's Environmental & Construction Professional Practice
Chunker Wins 2020 Real Estate Technology Award
Chunker, the leading marketplace for short-term warehouse space, is pleased to announce that it is a Seventh Annual Real Estate Tech Awards (#RETAS) winner in the Industrial category, presented by CREtech (cretech.com), the largest event, data and content platform in the commercial real estate tech... - October 28, 2020 - Chunker
The Law Offices of John Caravella to Co-Present in Halfmoon Seminars October 29 Webinar
Long Island Construction Attorney, John Caravella, Esq. will be co-presenting for Halfmoon Seminars "Laws for New York Architects" on October 29, 2020. Along with two other New York construction industry professionals, Mr. Caravella and his other co-presenters will discuss the fine details of Law for New York Architects. - October 25, 2020 - The Law Offices of John Caravella P.C.
New Self Storage Facility Opened in Posen, Illinois
Local real estate development company, Amit Patel of Safe Affordable Storage LLC, partnered with Absolute Storage Management and has opened a new location named Posen Storage in Posen, Illinois. - October 24, 2020 - Absolute Storage Management
Landmark Building Overlooking Downtown Ocala Square Sold at Auction
A prominent historic building overlooking the Downtown Square in Ocala, Florida, was sold at auction by Tranzon Driggers, an Ocala based real estate auction firm that works throughout the Southeast. The seller of the circa 1895 9,000± sf. three-story building was seeking a unique strategy... - October 22, 2020 - Tranzon Driggers
Argus Broker Affiliates Announce Sale of Multiple Georgia Self Storage Facilities
Sauls Storage Group, the Argus Self Storage Advisor broker affiliates covering the state of Georgia have had two recent closings, A Quality Storage in Douglasville, GA and Sunset Storage in Jesup, GA. - October 21, 2020 - Argus Self Storage Advisors
Argus Broker Affiliate Sells Colorado Self Storage Portfolio
Joan Lucas, of Joan Lucas Real Estate Services, and Ben Vestal and Cole Carosella, of Argus Self Storage Advisors, arranged the sale of Cañon Personal Warehouses and Orchard Personal Warehouses in Cañon City, Colorado. The sale closed October 2020. The seller built these two... - October 16, 2020 - Argus Self Storage Advisors
NewAge(R) Industries-AdvantaPure(R) Expands on Recent Purchase of Additional Facility to Increase Critical Tubing and Molding Capacities
Tubing manufacturer NewAge Industries purchased two building units near its southeastern Pennsylvania headquarters in the spring and recently bought the remaining unit within the building. The company now owns the entire property, which will be used to manufacture silicone and TPE tubing and molded parts. The products are part of NewAge’s AdvantaPure high purity division and are used in pharmaceutical and biopharm processes, including those involving COVID-19 vaccines and therapies. - October 16, 2020 - NewAge Industries, Inc.
Absolute Storage Management Reports 2020 Third Quarter Results
Absolute Storage Management (ASM), a leading third-party management company for self-storage facilities in the United States, announced operating results for the three months ended September 30, 2020. 2020 Highlights for Three Months Ended September 30, 2020: - Increased same-store revenue by 1.2%... - October 14, 2020 - Absolute Storage Management
Argus Broker Affiliates Sell Texas Self Storage Facility
Chad Snyder and Tyler Trahant of Dominus Commercial, sold Country Place Mini Storage in Bridgeport, TX. The facility offers 18,000 square feet and sits on 2 acres. The sale closed on October 5, 2020 after enduring many COVID related challenges. The collective obstacles emboldened both buyer and... - October 14, 2020 - Argus Self Storage Advisors