Azora Closes €1.6 Billion SEO III, Largest Real Estate Fund Raised for Southern Europe
•Azora
Commercial Real Estate News
CTO Realty Growth Closes $1.0 Billion Credit Facility Backed by Huntington National Bank, Regions Bank, Truist Bank and Wells Fargo
•CTO Realty Growth
Draper Breaks Ground on 111,000-SF IMPACT Center in Lowell with Wexford Science & Technology
•Wexford Science & Technology
Thor Equities Secures $43.25M BridgeInvest Bridge Loan for Savannah Industrial Portfolio
•Thor Equities
Institutional Property Advisors Brokers $72 Million Sale of 366-Unit Groves Apartments in Kent, Washington
•Institutional Property Advisors
Madison Realty Capital Provides Loan for 326-Key Hotel Washington in Washington, D.C.
•Madison Realty Capital
CBRE Arranges Sale of 453-Unit City Walk Multifamily Community in Woodbury, Minnesota, to Waterton
•CBRE
PeopleHealthcare
Patrick Hammes Named CEO of Hammes Platform as Jon Hammes Remains Chairman
Hammes announced Oct. 7 that Patrick Hammes has been named Chief Executive Officer, with founder Jon Hammes continuing as Chairman. The firm described the move as a planned leadership transition, and leadership of its affiliated businesses is unchanged.
•Hammes
Development
Tide Construction Ltd. Begins Volumetric Installation at 424-Unit Student Housing Tower in Southall
Tide Construction Ltd. has installed the first volumetric units at The Green, a 23-storey student housing building with 424 studio rooms in Southall, West London. The scheme is targeted for completion for the 2027 academic year.
•Student Housing
DevelopmentMixed UseAffordable
Fairstead, Harkins and ARHA Top Out $120 Million Samuel Madden Homes Redevelopment in Alexandria
Fairstead and its partners celebrated the topping out of the $120 million Samuel Madden Homes redevelopment in Old Town Alexandria, Virginia. The six-story, 295,000-square-foot project will replace 66 public-housing units with 207 affordable apartments.
•Fairstead
DevelopmentMixed Use
Subtext Opens 259-Residence LOCAL on Delmar in University City with FrontRange Capital Partners and Larson Capital Management
Subtext has opened LOCAL on Delmar, a 398,225-square-foot, 259-residence mixed-use community at the western edge of the Delmar Loop in University City, Missouri. The project was developed with FrontRange Capital Partners and Larson Capital Management.
•Subtext
More News
Property TransactionsIndustrialWarehouse & Distribution
Summit Real Estate Group Sells 550,992-SF Eaton-Leased Industrial Facility in Youngsville, N.C., With JLL
Summit Real Estate Group sold Phase III of US 1 North Commerce Center, a 550,992-square-foot Class A cross-dock facility in Youngsville, N.C., leased to Eaton Corp. JLL represented Summit in the sale to Link Logistics.
•Summit Real Estate Group
FinancingOfficeMixed Use+4
CBRE Arranges $68.3 Million Refinancing for The Nexus and Hub at Waverly in Charlotte
CBRE arranged a $68.3 million, five-year permanent refinancing for The Nexus and Hub at Waverly, two Class A office buildings in Charlotte. The borrowers are Childress Klein Properties and Ascentris Real Estate Private Equity, and the loan was provided by a life insurance company.
•CBRE
Property TransactionsR&D
ExchangeRight Essential Income REIT Acquires 664,100-SF Dow Texas Innovation Center From Brixton Capital
Brixton Capital has sold the Dow Texas Innovation Center, a 664,100-square-foot R&D campus in Lake Jackson, Texas, to ExchangeRight Essential Income REIT through a structured UPREIT and debt-assumption transaction. The campus is fully leased to The Dow Chemical Company under a single-tenant, triple-net lease.
•Brixton Capital
Property TransactionsOffice
Ares Sells ThExchange Creative Office Campus in Charlotte to Investicore Holdings for $64 Million
An Ares Real Estate fund has sold ThExchange, a 553,219-square-foot creative office campus in Charlotte's Airport submarket, to Investicore Holdings for $64 million. CBRE arranged the sale, which the firm announced Sept. 28.
•CBRE
FundraisingHospitalityIndustrial+4
Indiana Public Retirement System Commits $236 Million to Carlyle and Ambrose Real Estate Funds
The Indiana Public Retirement System has committed $236 million to closed-end real estate funds managed by The Carlyle Group and Ambrose. The allocation includes €75 million to Carlyle Europe Realty Fund III and $150 million to Ambrose Fund II.
•Ambrose Property Group
Fundraising
Stonelake Capital Partners Closes $1 Billion Opportunistic Fund, Its Largest to Date
Stonelake Capital Partners closed its eighth opportunistic real estate fund at $1 billion, the largest in the Dallas-based firm's history. The fund exceeded its $900 million target and focuses primarily on industrial logistics properties in 13 high-growth U.S. markets.
•Stonelake Capital Partners
Property TransactionsWarehouse & Distribution
MCB Real Estate and Vinecrest Capital Acquire 421,182-SF Pinnacle One Industrial Warehouse in Laredo
MCB Real Estate, partnering with Dallas-based Vinecrest Capital as co-GP, has acquired Pinnacle One, a 421,182-square-foot Class A cross-dock facility in Laredo, Texas. The property is fully leased to Source Logistics and sits near the World Trade Bridge.
•MCB Real Estate
Property TransactionsOffice
Moishe Mana's Mana Common Acquires 110 Tower in Downtown Fort Lauderdale for $89 Million
Mana Common, led by Chairman and CEO Moishe Mana, purchased the 30-story Class A office building 110 Tower in Downtown Fort Lauderdale for $89 million. The acquisition marks the firm's first major move beyond its Miami-area footprint.
•Mana Common
DevelopmentMultifamily
Berkeley and Long Harbour Complete 370-Home Draper Build-to-Rent Scheme in Colindale
Berkeley and Long Harbour have reached practical completion at The Draper, a 370-home, 261,802-square-foot build-to-rent scheme in Colindale, North West London. The building is the final phase of Berkeley's Beaufort Park masterplan, a regeneration effort that spanned roughly 24 years.
•Long Harbour