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.
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
Pivvot & RealX Partner to Accelerate Solar/Wind Development Land Acquisition
Pivvot and RealX have partnered to accelerate solar and wind development projects by combining property parcels, land suitability and property rights data. - October 13, 2020 - Pivvot
NAI Emory Hill Announces Hiring of Brian Ashby
Brian Ashby joins NAI Emory Hill's commercial brokerage division. - October 13, 2020 - NAI Emory Hill
Store Here Self Storage Announces New Facility in Racine Wisconsin
New Location is the Second Site in Racine County and Third Location in Wisconsin - October 11, 2020 - Store Here Self Storage
The Law Offices of John Caravella to Co-Present in Halfmoon Seminars October 29th Webinar
Long Island Construction Attorney, John Caravella, Esq. will be co-presenting for Halfmoon Seminars "Laws for New York Architects" on October 29th, 2020. Along with two other New York construction industry professionals, Mr. Caravella and his other co-presenters will discuss the fine... - October 11, 2020 - The Law Offices of John Caravella P.C.
PSI Lending Announces Company Wide Expansion
PSI Lending Expands Company Wide; Expansion on top of record growth during COVID-19 pandemic. - October 08, 2020 - Homecision
Vital Spaces Takes on 3rd Studio Location in Fashion Outlets
Vital Spaces announces new affordable artist spaces at the Fashion Outlets Santa Fe on the City's Southside. - October 07, 2020 - Vital Spaces
Store Here Self Storage Donates to Huntsman Cancer Institute
Store Here Self Storage will be raising awareness for women's cancer research during the month of October by donating to Huntsman Cancer Institute (HCI) at the University of Utah throughout the month. "Along with donating to cancer research we will be highlighting HCI and it's patients by... - October 03, 2020 - Store Here Self Storage
CapStack Partners Expands Its Carolina Portfolio with Distressed Office Acquisition
The company’s capital markets division acted as the debt advisor for the purchase. - October 01, 2020 - CapStack Partners
Texas Self Storage Association Announces Keynote, Featured Speakers
Texas Self Storage Association announces Molly Bloom, the bestselling author of “Molly’s Game,” as its keynote speaker for its Bigger Ideas in Storage conference on Oct. 13, 2020. Featured speakers also include Dr. Mark Dotzour, presenting “Sunny with a Chance of Rain: What the Economic Forecast has in Store for Self Storage,” and Dr. Steven Vrooman, presenting "How Not to Fail at Social Media Marketing - Making Your Mother-In-Law Share Your Post." - September 28, 2020 - Texas Self Storage Association
LichtensteinRE.com Helps Provide Desperately Needed New York City Affordable Housing with Sale of Development Site
This three property assemblage shovel is ready for development with approved plans. It was sold for $1,650,000 by Andrew Lichtenstein of LichtensteinRE.com. - September 24, 2020 - LichtensteinRE
Argus Broker Affiliate Sells Kansas Self Storage Facility
Larry Goldman, CCIM, of Goldman Investment Advisors, facilitated the sale of Dad’s Self Storage in Arkansas City, Kansas which sold to INOSTF, LLC of Wichita, Kansas. The sale closed August 2020. Dad’s Self Storage offers 15,268 rentable square feet of storage and sits on 3.5... - September 24, 2020 - Argus Self Storage Advisors
Battlement Mesa Colorado Offers Rare Investment Opportunity of Over 25 Properties
The opportunity to own part of a unique community in Western Colorado is now available. Over 25 properties in Battlement Mesa, Colo., will be sold by auction on October 17 at 11 a.m. with preview dates on October 7 and 10. - September 22, 2020 - United Real Estate
Argus Broker Affiliates Announce Sale of Minnesota Self Storage Facility
Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis, affiliates of Argus Self Storage Advisors represented the seller for the sale of Reliable Mini Storage in Lakeville, MN. - September 20, 2020 - Argus Self Storage Advisors
Trier Capital Launches Passive Investing Fund for Multifamily Real Estate
Passive investing in multifamily real estate continues to grow in popularity. Interested investors simply supply capital, while the deal owner and property management oversee all day-to-day functions of the real estate. Investors gain access to real estate passive income with limited effort post-deal. - September 17, 2020 - Trier Capital Inc
Argus Broker Affiliate Announces Sale of Missouri Self Storage Facility
Larry Goldman, CCIM, of Goldman Investment Advisors, facilitated the sale of Dale's Westside Storage located in Winfield, MO which is just outside of the St. Louis Metro area. - September 17, 2020 - Argus Self Storage Advisors
Joseph Reynolds of RT Specialty to Discuss 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, will address “Insurance for Faulty Workmanship: The Next Great Innovation for Contractors?” at the IRMI Construction Risk Conference to be held... - September 16, 2020 - R-T Specialty, LLC's Environmental & Construction Professional Practice
Andrew Mendelson of Berkley Alliance Managers to Address Evolving Climate Change Standards at the 2020 CLM Virtual Construction Conference
Andrew D. Mendelson, FAIA, senior vice president, chief risk management officer at Berkley Alliance Managers, a Berkley Company, will participate in the panel discussion, “Weathering the Storm: Evolving Legal Standards in the Era of Climate Change”, held during the 2020 CLM Virtual... - September 15, 2020 - Berkley Alliance Managers
KH Properties Announces Completion of Metro Apartments at Wood River
www.khproperties.com - KH Properties, a multifamily development and management company, is pleased to announce the completion of its newest apartment community, Metro Apartments at Wood River. This 224 unit property was severely neglected and has undergone significant remodeling with all new... - September 12, 2020 - KH Properties
Argus Broker Affiliate Announces Sale of 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 Chapel Hills and North Nevada Self Storage in Colorado Springs, Colorado. The sale closed September 2020. Joan indicated that this was a fairly straight-forward... - September 12, 2020 - Argus Self Storage Advisors
Sale of Your Extended Attic Storage, 5 Property Portfolio, Located in AL and TN
Your Extended Attic Storage, a 5 Property Portfolio located in Northern Alabama and Southern Tennessee, has been Sold by Midcoast Properties, Inc. - September 11, 2020 - Midcoast Properties, Inc.
Argus Broker Affiliates Announce Sale of Iowa Self Storage Portfolio
Tom Flannigan and Alex Ihrke of KW Commercial Minneapolis, affiliates of Argus Self Storage Advisors, represented the seller and secured the buyer for the Squirrel Storage Portfolio with locations in Ames, Des Moines and Waukee, Iowa. The four-property portfolio was sold to a regional buyer... - September 10, 2020 - Argus Self Storage Advisors