New Winery, Hospitality Center Coming to Walla Walla Valley – Robert Khodadadian

Echolands Winery of Walla Walla, WA plans to open its new Mill Creek facility in time for fall 2023. The 341-acre site is located in the Mill Creek area of the Walla Walla Valley AVA in the foothills of the Blue Mountains, some of the highest elevations in Washington State.  

First announced in 2019, Mill Creek Road is the latest venture for co-owners Doug Frost, master of wine and master sommelier, and conservationist Brad Bergman, who also own Taggart Vineyard in the SeVein Water Project. Mill Creek Road will house a dedicated winemaking, hospitality and barrel facility, and will assume all production for Echolands wines. 

The development of Mill Creek Road is led by Soderstrom Architects and Mountain States Construction Company. As of fall 2023, production facilities will debut with a 27,000-square-foot winemaking facility and barrel room. It will also feature a hospitality center, the opening date of which will be announced later this year.  

The post New Winery, Hospitality Center Coming to Walla Walla Valley appeared first on Connect CRE.

Echolands Winery of Walla Walla, WA plans to open its new Mill Creek facility in time for fall 2023. The 341-acre site is located in the Mill Creek area of the Walla Walla Valley AVA in the foothills of the Blue Mountains, some of the highest elevations in Washington State.   First announced in 2019, …
The post New Winery, Hospitality Center Coming to Walla Walla Valley appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Echolands Winery of Walla Walla, WA plans to open its new Mill Creek facility in time for fall 2023. The 341-acre site is located in the Mill Creek area of the Walla Walla Valley AVA in the foothills of the Blue Mountains, some of the highest elevations in Washington State.   First announced in 2019, …
The post New Winery, Hospitality Center Coming to Walla Walla Valley appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Friedman Real Estate Closes Deal for Michigan Warehouse – Robert Khodadadian

Friedman Real Estate recently completed the sale of a 123,596-square-foot manufacturing and warehousing facility on 14.97 acres of land in Leslie, MI, 28 miles south of Lansing. Buyer, seller and sale price weren’t disclosed. 

The property is located at 815 Rice St. in Leslie. Friedman’s Ryan Stipp represented the seller in the transaction. 

The post Friedman Real Estate Closes Deal for Michigan Warehouse appeared first on Connect CRE.

Friedman Real Estate recently completed the sale of a 123,596-square-foot manufacturing and warehousing facility on 14.97 acres of land in Leslie, MI, 28 miles south of Lansing. Buyer, seller and sale price weren’t disclosed.  The property is located at 815 Rice St. in Leslie. Friedman’s Ryan Stipp represented the seller in the transaction. 
The post Friedman Real Estate Closes Deal for Michigan Warehouse appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Friedman Real Estate recently completed the sale of a 123,596-square-foot manufacturing and warehousing facility on 14.97 acres of land in Leslie, MI, 28 miles south of Lansing. Buyer, seller and sale price weren’t disclosed.  The property is located at 815 Rice St. in Leslie. Friedman’s Ryan Stipp represented the seller in the transaction. 
The post Friedman Real Estate Closes Deal for Michigan Warehouse appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Schnucks Supermarket in Rockford Trades to California Investor – Robert Khodadadian

Quantum Real Estate Advisors brokered the sale of an 82,500-square-foot single-tenant NNN Schnucks grocery store located at 2642 Charles St., Rockford, IL, for an undisclosed sum. EVP Dan Waszak and VP Brett Berlin represented the seller, a California-based developer. The buyer was a private institutional investor, also based in California. 

“The buyer was able to acquire a high performing single tenant grocery chain at an attractive yield,” said Berlin. “This was a double escrow deal, and the buyer was able to work diligently with our client in successfully purchasing the asset on a tight timeline.” 

Added Waszak, “This is yet another example of the resiliency of high-quality retail real estate. Necessity-based retail is still an important part of the net-leased asset class.” 

Originally built in the 1950s, the property underwent a full rehab. The tenant is a St. Louis-based grocery chain with more than 100 locations across four states. 

The post Schnucks Supermarket in Rockford Trades to California Investor appeared first on Connect CRE.

Quantum Real Estate Advisors brokered the sale of an 82,500-square-foot single-tenant NNN Schnucks grocery store located at 2642 Charles St., Rockford, IL, for an undisclosed sum. EVP Dan Waszak and VP Brett Berlin represented the seller, a California-based developer. The buyer was a private institutional investor, also based in California.  “The buyer was able to …
The post Schnucks Supermarket in Rockford Trades to California Investor appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Quantum Real Estate Advisors brokered the sale of an 82,500-square-foot single-tenant NNN Schnucks grocery store located at 2642 Charles St., Rockford, IL, for an undisclosed sum. EVP Dan Waszak and VP Brett Berlin represented the seller, a California-based developer. The buyer was a private institutional investor, also based in California.  “The buyer was able to …
The post Schnucks Supermarket in Rockford Trades to California Investor appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

NCPM Expands South Shore Apartment Holdings – Robert Khodadadian

A local apartment investor has greatly expanded its holdings in Chicago’s South Shore neighborhood, paying $22 million for two properties close to the Obama Presidential Center, the Chicago Tribune reported. 

New City Property Management (NCPM) bought Shorewind Apartments, a 16-story building at 7000 S. South Shore Drive on the lakefront, along with a smaller building one block west at 6951 S. Oglesby Ave., from San Francisco-based Belveron Partners. 

The two buildings together have 250 units, according to a spokesperson for Belveron. The price tag is significantly more than the $16.8 million that Belveron, one of the nation’s largest owners of affordable housing, paid for the 1920s-era buildings four years ago. 

James Oppenheimer, NCPM’s founder and CEO, told the Tribune that as a local firm it’s committed to holding these properties for years, will provide needed investment and will do so without displacing tenants, many of whom get rental subsidies. 

The post NCPM Expands South Shore Apartment Holdings appeared first on Connect CRE.

A local apartment investor has greatly expanded its holdings in Chicago’s South Shore neighborhood, paying $22 million for two properties close to the Obama Presidential Center, the Chicago Tribune reported.  New City Property Management (NCPM) bought Shorewind Apartments, a 16-story building at 7000 S. South Shore Drive on the lakefront, along with a smaller building …
The post NCPM Expands South Shore Apartment Holdings appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

A local apartment investor has greatly expanded its holdings in Chicago’s South Shore neighborhood, paying $22 million for two properties close to the Obama Presidential Center, the Chicago Tribune reported.  New City Property Management (NCPM) bought Shorewind Apartments, a 16-story building at 7000 S. South Shore Drive on the lakefront, along with a smaller building …
The post NCPM Expands South Shore Apartment Holdings appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

JLL Elevates Jaymie Gelino to COO, Project and Development Services – Robert Khodadadian

JLL announced the appointment of Jaymie Gelino to COO of Project and Development Services (PDS). Effective immediately, she is responsible for overseeing all aspects of PDS’ operations efforts to drive efficiency, process improvement and scalability of JLL’s offerings. Gelino reports to PDS Americas president Todd Burns and is based in Chicago. 

“Jaymie’s leadership will be a critical role as we continue to evolve our operating model and focus on simplification and consistency of our business,” said Burns. “Her proven forward-looking thinking will help deliver innovative and effective solutions for our valued clients.” 

Prior to her new role, Gelino served as COO of JLL’s Design Solutions group and as a finance business partner for multiple markets businesses. Under Gelino’s leadership, the Design Solutions business, formerly Big Red Rooster, strategically grew the architectural entity, acquired multi-state licensure, and expanded into the office sector. 

The post JLL Elevates Jaymie Gelino to COO, Project and Development Services appeared first on Connect CRE.

JLL announced the appointment of Jaymie Gelino to COO of Project and Development Services (PDS). Effective immediately, she is responsible for overseeing all aspects of PDS’ operations efforts to drive efficiency, process improvement and scalability of JLL’s offerings. Gelino reports to PDS Americas president Todd Burns and is based in Chicago.  “Jaymie’s leadership will be …
The post JLL Elevates Jaymie Gelino to COO, Project and Development Services appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

JLL announced the appointment of Jaymie Gelino to COO of Project and Development Services (PDS). Effective immediately, she is responsible for overseeing all aspects of PDS’ operations efforts to drive efficiency, process improvement and scalability of JLL’s offerings. Gelino reports to PDS Americas president Todd Burns and is based in Chicago.  “Jaymie’s leadership will be …
The post JLL Elevates Jaymie Gelino to COO, Project and Development Services appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

EAH Housing Launches Two-Phase Seniors Project in Richmond – Robert Khodadadian

Nonprofit housing development and management organization EAH Housing has launched work on a two-phase affordable housing project, Nevin Plaza. Located at 2400 Nevin Ave. in Richmond, the former public housing property will cater to seniors and people with disabilities.  

Phase I of the project set to be completed in late 2024, will focus on rehabilitating the existing seven-story building, including 138 units, with designs and interiors led by HKIT Architects. The project has received funding from the U.S. Department of Housing and Urban Development  through the Section 8 Project-Based Voucher Program, and also includes $3.5 million in direct support from the City of Richmond.  

Following the completion of Phase I, the second phase will include a newly constructed building with units for low-income seniors. To provide additional value for residents and the surrounding community, EAH will integrate several pieces of art into the building’s exterior. 

The post EAH Housing Launches Two-Phase Seniors Project in Richmond appeared first on Connect CRE.

Nonprofit housing development and management organization EAH Housing has launched work on a two-phase affordable housing project, Nevin Plaza. Located at 2400 Nevin Ave. in Richmond, the former public housing property will cater to seniors and people with disabilities.   Phase I of the project set to be completed in late 2024, will focus on rehabilitating …
The post EAH Housing Launches Two-Phase Seniors Project in Richmond appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Nonprofit housing development and management organization EAH Housing has launched work on a two-phase affordable housing project, Nevin Plaza. Located at 2400 Nevin Ave. in Richmond, the former public housing property will cater to seniors and people with disabilities.   Phase I of the project set to be completed in late 2024, will focus on rehabilitating …
The post EAH Housing Launches Two-Phase Seniors Project in Richmond appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

MMCC Arranges Refi on Vista Townhome Complex – Robert Khodadadian

Marcus & Millichap Capital Corporation (MMCC) arranged a $15.043-million loan to refinance Santa Fe Townhomes, a 45-unit multifamily property located at 1470 S Santa Fe Avenue in Vista. Chad O’Connor, executive managing director, capital markets, based in MMCC’s San Diego office, secured the financing. 

“The location of this newly constructed apartment complex in the heart of Vista makes it an incredibly attractive asset,” said O’Connor. “This loan retires a construction loan we secured for our client two years ago and allows them to cash out to pursue other opportunities. We were able to secure highly favorable terms for the client, including a non-recourse, five-year fixed interest rate loan of 5.9% and a 65% loan-to-value.” 

Constructed in 2022, the property is located minutes from Highway 78 and 15 minutes from Carlsbad and Oceanside. 

The post MMCC Arranges Refi on Vista Townhome Complex appeared first on Connect CRE.

Marcus & Millichap Capital Corporation (MMCC) arranged a $15.043-million loan to refinance Santa Fe Townhomes, a 45-unit multifamily property located at 1470 S Santa Fe Avenue in Vista. Chad O’Connor, executive managing director, capital markets, based in MMCC’s San Diego office, secured the financing.  “The location of this newly constructed apartment complex in the heart …
The post MMCC Arranges Refi on Vista Townhome Complex appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Marcus & Millichap Capital Corporation (MMCC) arranged a $15.043-million loan to refinance Santa Fe Townhomes, a 45-unit multifamily property located at 1470 S Santa Fe Avenue in Vista. Chad O’Connor, executive managing director, capital markets, based in MMCC’s San Diego office, secured the financing.  “The location of this newly constructed apartment complex in the heart …
The post MMCC Arranges Refi on Vista Townhome Complex appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

JLL Lines Up Construction Loan for AC Hotel by Marriott – Robert Khodadadian

JLL Capital Markets recently arranged $36.8 million in construction financing for 550-566 E Colorado Blvd., a 194-key, six-story hotel development in the Playhouse District of Pasadena. A JLL team of senior managing director Marc Schillinger and senior director Matt Stewart. represented the developer, Welcome Group Inc., to secure the three-year loan with two one-year extension options. 

Slated for completion in 2025, the hotel will operate as an AC Hotel by Marriott. “The proposed AC Marriott will be the newest select service property in Pasadena and the only branded hotel in the Playhouse District,” said Schillinger. 

He continued, “The hotel’s strong brand affiliation, proximity to demand generators and select-service product offering will allow it to become an ideal choice for leisure and business travellers visiting Pasadena.” 

The post JLL Lines Up Construction Loan for AC Hotel by Marriott appeared first on Connect CRE.

JLL Capital Markets recently arranged $36.8 million in construction financing for 550-566 E Colorado Blvd., a 194-key, six-story hotel development in the Playhouse District of Pasadena. A JLL team of senior managing director Marc Schillinger and senior director Matt Stewart. represented the developer, Welcome Group Inc., to secure the three-year loan with two one-year extension …
The post JLL Lines Up Construction Loan for AC Hotel by Marriott appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

JLL Capital Markets recently arranged $36.8 million in construction financing for 550-566 E Colorado Blvd., a 194-key, six-story hotel development in the Playhouse District of Pasadena. A JLL team of senior managing director Marc Schillinger and senior director Matt Stewart. represented the developer, Welcome Group Inc., to secure the three-year loan with two one-year extension …
The post JLL Lines Up Construction Loan for AC Hotel by Marriott appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

EverWest Snaps Up Carson Industrial with IOS Potential – Robert Khodadadian

EverWest Real Estate Investors has completed its second industrial acquisition in less than a month, purchasing a 101,175-square-foot warehouse at 2848 E. 208th Str. in Carson. Deal terms were not disclosed.  

The property is situated immediately off Interstate 710/Long Beach Freeway and Interstate 405, just north of the Ports of Long Beach/Los Angeles. “This transaction underscores EverWest’s focus on high barrier to entry industrial markets, recognizing their upside potential for both rent growth and value,” said EverWest managing director Erik Good.  

In addition to warehouse space, the Carson site offers significant acreage deployable for a variety of uses, including Industrial Outdoor Storage (IOS). “EverWest is actively pursuing IOS opportunities,” said John Maurer, EverWest’s Senior Managing Director, Head of Portfolio Management.  

Abie Kassin, Ikey Betesh and Michael Schoenbrun of Meridian Investment Sales represented both the buyer and the seller in the transaction. 

The post EverWest Snaps Up Carson Industrial with IOS Potential appeared first on Connect CRE.

EverWest Real Estate Investors has completed its second industrial acquisition in less than a month, purchasing a 101,175-square-foot warehouse at 2848 E. 208th Str. in Carson. Deal terms were not disclosed.   The property is situated immediately off Interstate 710/Long Beach Freeway and Interstate 405, just north of the Ports of Long Beach/Los Angeles. “This transaction underscores EverWest’s …
The post EverWest Snaps Up Carson Industrial with IOS Potential appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

EverWest Real Estate Investors has completed its second industrial acquisition in less than a month, purchasing a 101,175-square-foot warehouse at 2848 E. 208th Str. in Carson. Deal terms were not disclosed.   The property is situated immediately off Interstate 710/Long Beach Freeway and Interstate 405, just north of the Ports of Long Beach/Los Angeles. “This transaction underscores EverWest’s …
The post EverWest Snaps Up Carson Industrial with IOS Potential appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Cadre Investors Survey Cites Growing Interest in CRE – Robert Khodadadian

Amid turbulent financial markets, individual investors are increasingly interested in the advantages of investing in commercial real estate, according to a survey conducted for investment manager Cadre. Fifty-two percent expressed interest in the potential for steady income, 50% cited inflation protection, and 48% highlighted tax benefits or incentives. 

The survey found that of those invested in commercial real estate, 62% are very confident that their current investment strategy will help them reach their wealth goals, while only 23% of those not invested in commercial real estate say the same. 

“Our research shows people are continuing to explore alternative investments, especially in response to increasing economic instability,” said Ryan Williams, founder, CEO and executive chairman of Cadre. “While common investments such as stocks and bonds are impacted by market cycles, commercial real estate is one asset class that can potentially offer a hedge against inflation and steady cash flow for future-minded investors.” 

The post Cadre Investors Survey Cites Growing Interest in CRE appeared first on Connect CRE.

Amid turbulent financial markets, individual investors are increasingly interested in the advantages of investing in commercial real estate, according to a survey conducted for investment manager Cadre. Fifty-two percent expressed interest in the potential for steady income, 50% cited inflation protection, and 48% highlighted tax benefits or incentives.  The survey found that of those invested in commercial …
The post Cadre Investors Survey Cites Growing Interest in CRE appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Amid turbulent financial markets, individual investors are increasingly interested in the advantages of investing in commercial real estate, according to a survey conducted for investment manager Cadre. Fifty-two percent expressed interest in the potential for steady income, 50% cited inflation protection, and 48% highlighted tax benefits or incentives.  The survey found that of those invested in commercial …
The post Cadre Investors Survey Cites Growing Interest in CRE appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Newsom Unveils Roadmap Toward Goal of 100% Clean Energy by 2045 – Robert Khodadadian

California Gov. Gavin Newsom on Thursday unveiled a roadmap for reaching the state’s goal of 100% clean energy by 2045. The introduction of the roadmap, titled “Building the Electricity Grid of the Future: California’s Clean Energy Transition Plan,” followed Newsom’s announcement earlier this month of an executive order and legislative package to streamline permitting for clean energy projects. 

“California has shown we have a vision, and that vision is achievable,” said Newsom.. “We have hit our early targets, some even ahead of schedule, but we are in a race against climate change. We must build more, faster, to ensure California has the clean, reliable and affordable electricity it needs to power our future.” 

Speaking at Moxion Power headquarters in Richmond, Newsom highlighted a vision that will include hundreds of new solar, wind, battery storage and other clean energy projects. The goal is to build 148,000 megawatts of new clean power.

The post Newsom Unveils Roadmap Toward Goal of 100% Clean Energy by 2045 appeared first on Connect CRE.

California Gov. Gavin Newsom on Thursday unveiled a roadmap for reaching the state’s goal of 100% clean energy by 2045. The introduction of the roadmap, titled “Building the Electricity Grid of the Future: California’s Clean Energy Transition Plan,” followed Newsom’s announcement earlier this month of an executive order and legislative package to streamline permitting for …
The post Newsom Unveils Roadmap Toward Goal of 100% Clean Energy by 2045 appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

California Gov. Gavin Newsom on Thursday unveiled a roadmap for reaching the state’s goal of 100% clean energy by 2045. The introduction of the roadmap, titled “Building the Electricity Grid of the Future: California’s Clean Energy Transition Plan,” followed Newsom’s announcement earlier this month of an executive order and legislative package to streamline permitting for …
The post Newsom Unveils Roadmap Toward Goal of 100% Clean Energy by 2045 appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Walgreens Cutting 500 Corporate Jobs – Robert Khodadadian

Walgreens Boots Alliance Inc. said it will cut 504 employees from its corporate workforce as the drugstore chain moves more deeply into patient care, Bloomberg News reported Friday. Most of the layoffs will be from its Chicago office and headquarters in Deerfield, IL. 

The cuts account for 10% of the corporate workforce, and none will be based at stores, microfulfillment centers or call centers, according to a Walgreens spokesman. “As we continue to transform our business into a consumer-centric healthcare company, we are focused on aligning our structure and streamlining our operations to best serve our patients and customers,” the spokesman told Bloomberg. 

The company posted a significant first-quarter loss as it pays out $6.5 billion in settlements related to the nationwide opioid crisis. Although the real estate impact of the layoffs isn’t immediately clear, another Walgreens spokesperson told Bloomberg the company is committed to maintaining offices in Chicago and Deerfield. 

The post Walgreens Cutting 500 Corporate Jobs appeared first on Connect CRE.

Walgreens Boots Alliance Inc. said it will cut 504 employees from its corporate workforce as the drugstore chain moves more deeply into patient care, Bloomberg News reported Friday. Most of the layoffs will be from its Chicago office and headquarters in Deerfield, IL.  The cuts account for 10% of the corporate workforce, and none will …
The post Walgreens Cutting 500 Corporate Jobs appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Walgreens Boots Alliance Inc. said it will cut 504 employees from its corporate workforce as the drugstore chain moves more deeply into patient care, Bloomberg News reported Friday. Most of the layoffs will be from its Chicago office and headquarters in Deerfield, IL.  The cuts account for 10% of the corporate workforce, and none will …
The post Walgreens Cutting 500 Corporate Jobs appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

WA Building Code Council Postpones Onset of New Energy Regs – Robert Khodadadian

The Washington State Building Code Council voted to delay the effective date of code modifications that ban the use of natural gas in new commercial and residential buildings. The new effective date for all building codes is Oct. 29, 2023. Previously, the effective date was July 1. 

The council directed staff to convene two Technical Advisory Groups to consider stakeholder proposals to modify sections in the commercial and residential energy codes. 

The modifications, approved last year, require builders to install heat pumps in new buildings built after July 1. Puget Sound Business Journal reported that the council’s move to delay implementation came nearly three months after a coalition of businesses, homeowners, trade groups and union members filed suit in Thurston County Superior Court to block the new energy codes, arguing they hurt housing affordability. 

Washington State is among the leaders in strict new energy codes, the Business Journal reported. 

The post WA Building Code Council Postpones Onset of New Energy Regs appeared first on Connect CRE.

The Washington State Building Code Council voted to delay the effective date of code modifications that ban the use of natural gas in new commercial and residential buildings. The new effective date for all building codes is Oct. 29, 2023. Previously, the effective date was July 1.  The council directed staff to convene two Technical …
The post WA Building Code Council Postpones Onset of New Energy Regs appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The Washington State Building Code Council voted to delay the effective date of code modifications that ban the use of natural gas in new commercial and residential buildings. The new effective date for all building codes is Oct. 29, 2023. Previously, the effective date was July 1.  The council directed staff to convene two Technical …
The post WA Building Code Council Postpones Onset of New Energy Regs appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Somerville Affordable Housing Redevelopment Breaks Ground  – Robert Khodadadian

The first phase of Clarendon Hill Apartments in Somerville, Massachusetts has broken ground. The redevelopment project is a collaboration between Preservation of Affordable Housing, Somerville Community Corporation, Somerville Housing Authority, and other partners.  

“The work that begins today is a transformative project that will create a vibrant, mixed-income neighborhood that fosters diversity, opportunity, and a sense of belonging,” said Somerville mayor Katjana Ballantyne.  

Phase One involves the construction of a 168-unit development that will replace the existing 216 affordable public housing units. Once completed, the redevelopment will provide a total of 591 mixed-income housing units. The project aims to improve amenities, provide green spaces and community facilities. It will also feature enhanced infrastructure meeting LEED Platinum standards for sustainability.  

The funding for the project includes support from the Partnership to Expand Housing Opportunities program, Low-Income Housing Tax Credits, Bank of America, the City of Somerville, POAH financing, and funds from MassHousing.  

The post Somerville Affordable Housing Redevelopment Breaks Ground  appeared first on Connect CRE.

The first phase of Clarendon Hill Apartments in Somerville, Massachusetts has broken ground. The redevelopment project is a collaboration between Preservation of Affordable Housing, Somerville Community Corporation, Somerville Housing Authority, and other partners.   “The work that begins today is a transformative project that will create a vibrant, mixed-income neighborhood that fosters diversity, opportunity, and …
The post Somerville Affordable Housing Redevelopment Breaks Ground  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The first phase of Clarendon Hill Apartments in Somerville, Massachusetts has broken ground. The redevelopment project is a collaboration between Preservation of Affordable Housing, Somerville Community Corporation, Somerville Housing Authority, and other partners.   “The work that begins today is a transformative project that will create a vibrant, mixed-income neighborhood that fosters diversity, opportunity, and …
The post Somerville Affordable Housing Redevelopment Breaks Ground  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Washington Trust Provides $4M for Taunton Industrial Property  – Robert Khodadadian

Berkeley Partners has secured $3.9 million in financing from Washington Trust’s Commercial Real Estate Group for the acquisition of a fully leased industrial property at 75 John Hancock Road in Taunton, Massachusetts.  

The 34,236 square-foot property is located in the Metro South industrial market, offering convenient access to Interstates 95 and 495, as well as Routes 24 and 44.  

“We are excited to expand our relationship with Berkeley Partners, which own and operate more than 10 million square feet of light industrial real estate in some of the fastest growing U.S. cities and sub-markets,” said Julia Anne M. Slom, Washington Trust’s executive vice president & chief commercial real estate officer. 

The post Washington Trust Provides $4M for Taunton Industrial Property  appeared first on Connect CRE.

Berkeley Partners has secured $3.9 million in financing from Washington Trust’s Commercial Real Estate Group for the acquisition of a fully leased industrial property at 75 John Hancock Road in Taunton, Massachusetts.   The 34,236 square-foot property is located in the Metro South industrial market, offering convenient access to Interstates 95 and 495, as well …
The post Washington Trust Provides $4M for Taunton Industrial Property  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Berkeley Partners has secured $3.9 million in financing from Washington Trust’s Commercial Real Estate Group for the acquisition of a fully leased industrial property at 75 John Hancock Road in Taunton, Massachusetts.   The 34,236 square-foot property is located in the Metro South industrial market, offering convenient access to Interstates 95 and 495, as well …
The post Washington Trust Provides $4M for Taunton Industrial Property  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

St. John Properties Acquires Hunt Valley Site to Build 110k-SF Space  – Robert Khodadadian

St. John Properties, a commercial real estate development and management company based in Baltimore, has purchased a 17-acre parcel of land in Hunt Valley, Maryland from Noxema.  

The company plans to develop approximately 110,000 square feet of flex/R&D and retail space on the site. The development Hunt Valley Exchange, Located at the corner of York Road and Wight Avenue, will consist of two single-story flex/R&D buildings with 46,120 square feet of space each, an inline retail building with 8,125 square feet of space, and two retail pad sites ranging from 3,000 to 6,000 square feet.  

Leasing opportunities will be available immediately, targeting restaurants, convenience stores, medical, and other uses. Sean Doordan and Alex Lyons of St. John Properties represented the buyer, and JLL’s Jay Wellschlager represented the seller in this sale.  

The post St. John Properties Acquires Hunt Valley Site to Build 110k-SF Space  appeared first on Connect CRE.

St. John Properties, a commercial real estate development and management company based in Baltimore, has purchased a 17-acre parcel of land in Hunt Valley, Maryland from Noxema.   The company plans to develop approximately 110,000 square feet of flex/R&D and retail space on the site. The development Hunt Valley Exchange, Located at the corner of …
The post St. John Properties Acquires Hunt Valley Site to Build 110k-SF Space  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

St. John Properties, a commercial real estate development and management company based in Baltimore, has purchased a 17-acre parcel of land in Hunt Valley, Maryland from Noxema.   The company plans to develop approximately 110,000 square feet of flex/R&D and retail space on the site. The development Hunt Valley Exchange, Located at the corner of …
The post St. John Properties Acquires Hunt Valley Site to Build 110k-SF Space  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Skanska Tops Out George Mason University’s Life Sciences and Engineering Building  – Robert Khodadadian

Skanska, a global development and construction firm, has completed the structural framework of George Mason University’s Life Sciences and Engineering Building at the SciTech campus in Prince William county.  

The $83.6 million facility spans 132,000 square feet and will support STEM-H majors, offering specialized labs, classrooms, and faculty offices. In addition, the building will serve multiple colleges within the university and contribute to the Innovation Town Center, providing students at the SciTech Campus with a holistic residential campus experience. 

The post Skanska Tops Out George Mason University’s Life Sciences and Engineering Building  appeared first on Connect CRE.

Skanska, a global development and construction firm, has completed the structural framework of George Mason University’s Life Sciences and Engineering Building at the SciTech campus in Prince William county.   The $83.6 million facility spans 132,000 square feet and will support STEM-H majors, offering specialized labs, classrooms, and faculty offices. In addition, the building will …
The post Skanska Tops Out George Mason University’s Life Sciences and Engineering Building  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Skanska, a global development and construction firm, has completed the structural framework of George Mason University’s Life Sciences and Engineering Building at the SciTech campus in Prince William county.   The $83.6 million facility spans 132,000 square feet and will support STEM-H majors, offering specialized labs, classrooms, and faculty offices. In addition, the building will …
The post Skanska Tops Out George Mason University’s Life Sciences and Engineering Building  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Bristol Group to Complete Development of 178k-SF Long Island Warehouse   – Robert Khodadadian

Bristol Group is nearing completion of its 178,134-square-foot speculative warehouse development at 49 Mall Drive in Commack, New York.  

Located within the Long Island Innovation Park at Hauppauge, the 10.75-acre property offers access to the Long Island Expressway and Northern State Parkway. The facility features a 36-foot clear height, dock-high loading doors, drive-in loading ramps, and parking spaces. Customizable office space is available for future tenants. The project, set to be finished in June 2023, aims to repurpose a blighted pharmaceutical property into a modern logistics facility.  

This strategic area of Central Long Island is highly underserved in terms of modern industrial buildings, and we’re very excited to deliver the first high-cube warehouse development in the highly sought-after Hauppauge area,” said Dave Williams, managing director of Bristol Group. JLL is handling the leasing of the property with a team led by Doug Omstrom, Max Omstrom, and Tom DiMicelli. 

The post Bristol Group to Complete Development of 178k-SF Long Island Warehouse   appeared first on Connect CRE.

Bristol Group is nearing completion of its 178,134-square-foot speculative warehouse development at 49 Mall Drive in Commack, New York.   Located within the Long Island Innovation Park at Hauppauge, the 10.75-acre property offers access to the Long Island Expressway and Northern State Parkway. The facility features a 36-foot clear height, dock-high loading doors, drive-in loading ramps, …
The post Bristol Group to Complete Development of 178k-SF Long Island Warehouse   appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Bristol Group is nearing completion of its 178,134-square-foot speculative warehouse development at 49 Mall Drive in Commack, New York.   Located within the Long Island Innovation Park at Hauppauge, the 10.75-acre property offers access to the Long Island Expressway and Northern State Parkway. The facility features a 36-foot clear height, dock-high loading doors, drive-in loading ramps, …
The post Bristol Group to Complete Development of 178k-SF Long Island Warehouse   appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

The Dermatology Specialists Doubles Footprint in LIC  – Robert Khodadadian

GFP Real Estate has announced that Buka Derm Management, operating as The Dermatology Specialists, has signed a 7-year lease to expand its office space at 10-27 46th Avenue in Long Island City, Queens.  

The full-service dermatology practice, with 40 locations across New York City and Long Island, will double its footprint in the building, totaling 10,351 square feet. The lease includes the addition of 5,152 square feet on the first floor and an extension of its existing space on the third floor. The new spaces will serve as the practice’s general, administrative, and executive offices.  

GFP Real Estate represented the landlord, while Compass represented the tenant in the transaction. The building was fully renovated in 2018. 

The post The Dermatology Specialists Doubles Footprint in LIC  appeared first on Connect CRE.

GFP Real Estate has announced that Buka Derm Management, operating as The Dermatology Specialists, has signed a 7-year lease to expand its office space at 10-27 46th Avenue in Long Island City, Queens.   The full-service dermatology practice, with 40 locations across New York City and Long Island, will double its footprint in the building, totaling …
The post The Dermatology Specialists Doubles Footprint in LIC  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

GFP Real Estate has announced that Buka Derm Management, operating as The Dermatology Specialists, has signed a 7-year lease to expand its office space at 10-27 46th Avenue in Long Island City, Queens.   The full-service dermatology practice, with 40 locations across New York City and Long Island, will double its footprint in the building, totaling …
The post The Dermatology Specialists Doubles Footprint in LIC  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Affordable Housing Developer Standard Communities Lands Nation First B Corp Certification  – Robert Khodadadian

Standard Communities, a national affordable housing developer and investor, has become a certified B Corporation, making it the first national affordable housing developer to achieve this distinction.  

The B Corp certification underscores the company’s commitment to a purpose-driven business model that promotes positive change in the affordable housing sector. Headquartered in New York and Los Angeles, Standard Communities manages a national portfolio of nearly 19,000 apartment units and has completed over $4 billion in affordable and workforce housing projects. 

The post Affordable Housing Developer Standard Communities Lands Nation First B Corp Certification  appeared first on Connect CRE.

Standard Communities, a national affordable housing developer and investor, has become a certified B Corporation, making it the first national affordable housing developer to achieve this distinction.   The B Corp certification underscores the company’s commitment to a purpose-driven business model that promotes positive change in the affordable housing sector. Headquartered in New York and …
The post Affordable Housing Developer Standard Communities Lands Nation First B Corp Certification  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Standard Communities, a national affordable housing developer and investor, has become a certified B Corporation, making it the first national affordable housing developer to achieve this distinction.   The B Corp certification underscores the company’s commitment to a purpose-driven business model that promotes positive change in the affordable housing sector. Headquartered in New York and …
The post Affordable Housing Developer Standard Communities Lands Nation First B Corp Certification  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Rockledge and PH Realty Capital Buy Uptown Multifamily Building for $11M  – Robert Khodadadian

David Kaye and Joe Listhaus from Rockledge and Peter Hungerford from PH Realty Capital acquired a multifamily property in Hamilton Heights from Peter Takiff for $11.35 million.  

Located at 401-405 Edgecombe Avenue, the property consists of 66 units, with a per-unit price of approximately $171,970. The property’s total square footage is 53,815, with a price per square foot of $211. 

Ben Khakshoor and Aaron Jungreis from Rosewood Realty Group brokered the sale.  

The post Rockledge and PH Realty Capital Buy Uptown Multifamily Building for $11M  appeared first on Connect CRE.

David Kaye and Joe Listhaus from Rockledge and Peter Hungerford from PH Realty Capital acquired a multifamily property in Hamilton Heights from Peter Takiff for $11.35 million.   Located at 401-405 Edgecombe Avenue, the property consists of 66 units, with a per-unit price of approximately $171,970. The property’s total square footage is 53,815, with a …
The post Rockledge and PH Realty Capital Buy Uptown Multifamily Building for $11M  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

David Kaye and Joe Listhaus from Rockledge and Peter Hungerford from PH Realty Capital acquired a multifamily property in Hamilton Heights from Peter Takiff for $11.35 million.   Located at 401-405 Edgecombe Avenue, the property consists of 66 units, with a per-unit price of approximately $171,970. The property’s total square footage is 53,815, with a …
The post Rockledge and PH Realty Capital Buy Uptown Multifamily Building for $11M  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Multiple Leases Bring Princeton Office Property to 90% Occupancy  – Robert Khodadadian

The Birch Group and JLL have announced multiple leasing transactions at 700 Alexander Park in Princeton, NJ., bringing the Class A office property to 90 percent occupancy.  

Lingraphica, Broadcomm, Wimba, Rubin Ehrlich Buckley & Przekop, and Buchanan Ingersoll & Rooney have signed long-term leases, securing office spaces ranging from 2,509 to 13,682 square feet.  

The Birch Group acquired the property in 2021 as part of a larger portfolio acquisition. Located within the Alexander Park complex, the building features amenities such as a fitness center and cafeteria.  

JLL’s Thomas Romano and Vinny Di Meglio represented The Birch Group in all of the recent transactions. JLL also represented Lingraphica and Broadcomm.  

The post Multiple Leases Bring Princeton Office Property to 90% Occupancy  appeared first on Connect CRE.

The Birch Group and JLL have announced multiple leasing transactions at 700 Alexander Park in Princeton, NJ., bringing the Class A office property to 90 percent occupancy.   Lingraphica, Broadcomm, Wimba, Rubin Ehrlich Buckley & Przekop, and Buchanan Ingersoll & Rooney have signed long-term leases, securing office spaces ranging from 2,509 to 13,682 square feet.   The …
The post Multiple Leases Bring Princeton Office Property to 90% Occupancy  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The Birch Group and JLL have announced multiple leasing transactions at 700 Alexander Park in Princeton, NJ., bringing the Class A office property to 90 percent occupancy.   Lingraphica, Broadcomm, Wimba, Rubin Ehrlich Buckley & Przekop, and Buchanan Ingersoll & Rooney have signed long-term leases, securing office spaces ranging from 2,509 to 13,682 square feet.   The …
The post Multiple Leases Bring Princeton Office Property to 90% Occupancy  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Three Pillars Buys 426-Unit Houston Multifamily Community – Robert Khodadadian

Three Pillars Capital Group has acquired Chateaux Dijon, a 426-unit multifamily community in Houston’s Galleria area. InvestRes was the seller, which picked up the property in 2018. The deal involved a $34 million loan provided by City Bank, Yardi Matrix data shows. 

Built in 1961, the community comprises 17 two-story buildings with one-, two-, three- and four-unit floorplans, ranging from 510 to 2,200 square feet. Multi-Housing News reports the new ownership plans to implement extensive renovations.

Located at 5331 Beverly Hill St., the 9-acre site is close to interstates 69 and 610, being situated roughly 10 miles west of downtown Houston. Galleria shopping mall, as well as numerous other retail and dining options, are within walking distance of the property.

The post Three Pillars Buys 426-Unit Houston Multifamily Community appeared first on Connect CRE.

Three Pillars Capital Group has acquired Chateaux Dijon, a 426-unit multifamily community in Houston’s Galleria area. InvestRes was the seller, which picked up the property in 2018. The deal involved a $34 million loan provided by City Bank, Yardi Matrix data shows.  Built in 1961, the community comprises 17 two-story buildings with one-, two-, three- and four-unit floorplans, …
The post Three Pillars Buys 426-Unit Houston Multifamily Community appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Three Pillars Capital Group has acquired Chateaux Dijon, a 426-unit multifamily community in Houston’s Galleria area. InvestRes was the seller, which picked up the property in 2018. The deal involved a $34 million loan provided by City Bank, Yardi Matrix data shows.  Built in 1961, the community comprises 17 two-story buildings with one-, two-, three- and four-unit floorplans, …
The post Three Pillars Buys 426-Unit Houston Multifamily Community appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Wilmer Home to New 1.5M SF Industrial Project – Robert Khodadadian

The Dallas/Fort Worth metro area has the country’s fastest-growing industrial building market with more than 50 million square feet of construction underway. Wilmer’s industrial construction growth is at the top of DFW metro area. Wilmer has only 5,000 citizens, but has nearly 20 million square feet of industrial warehouse space. And more is on the way.

Construction has officially kicked off on a new $76 million, two-building industrial development to the south of Dallas. Dallas-based Bandera Ventures has partnered with Invesco Real Estate to build two Class A facilities, with Building 1 spanning 746,420 square feet and Building 2 covering 744,452 square feet, in Wilmer.Located within Southport Logistics Center, the buildings will sit alongside I-45, near the Union Pacific Intermodal yard.  

GSR Andrade Architects has previously been listed as the design firm. A JLL team led by Kurt Griffin has been tapped to lease the property.

Delivery is slated for the third quarter of this year.

The post Wilmer Home to New 1.5M SF Industrial Project appeared first on Connect CRE.

The Dallas/Fort Worth metro area has the country’s fastest-growing industrial building market with more than 50 million square feet of construction underway. Wilmer’s industrial construction growth is at the top of DFW metro area. Wilmer has only 5,000 citizens, but has nearly 20 million square feet of industrial warehouse space. And more is on the …
The post Wilmer Home to New 1.5M SF Industrial Project appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The Dallas/Fort Worth metro area has the country’s fastest-growing industrial building market with more than 50 million square feet of construction underway. Wilmer’s industrial construction growth is at the top of DFW metro area. Wilmer has only 5,000 citizens, but has nearly 20 million square feet of industrial warehouse space. And more is on the …
The post Wilmer Home to New 1.5M SF Industrial Project appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Cawley Partners Moving Ahead on Plano Office Project – Robert Khodadadian

Cawley Partners is taking on the narrative that office projects face strong headwinds. The company has broken ground on the second phase of The Parkwood office campus, a 120,000-square-foot Class A development in Plano, Texas.

Set to rise at the intersection of SEC Windhaven & Dallas Parkways, this phase is slated to feature conference rooms, outdoor patios, a fitness center and a pickleball court. The development is expected to be completed by the end of next year.

The first phase of The Parkwood was delivered in 2022 and encompasses 120,000 square feet. The building is fully occupied, while Phase II is already 43 percent preleased.

Despite economic challenges arising toward the end of the year, the Dallas-Fort Worth office market exhibited strong performance in 2022, as reported by CommercialEdge. The metro area saw a 6.2 percent year-over-year growth in office-using jobs, the highest in the country.

The post Cawley Partners Moving Ahead on Plano Office Project appeared first on Connect CRE.

Cawley Partners is taking on the narrative that office projects face strong headwinds. The company has broken ground on the second phase of The Parkwood office campus, a 120,000-square-foot Class A development in Plano, Texas. Set to rise at the intersection of SEC Windhaven & Dallas Parkways, this phase is slated to feature conference rooms, outdoor …
The post Cawley Partners Moving Ahead on Plano Office Project appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Cawley Partners is taking on the narrative that office projects face strong headwinds. The company has broken ground on the second phase of The Parkwood office campus, a 120,000-square-foot Class A development in Plano, Texas. Set to rise at the intersection of SEC Windhaven & Dallas Parkways, this phase is slated to feature conference rooms, outdoor …
The post Cawley Partners Moving Ahead on Plano Office Project appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

TopGolf Creators Spawn Mini-Golf Concept – Robert Khodadadian

While still not rivaling the pickleball craze, mini-golf is making a comeback. It’s no longer just carpets and windmills. A Tiger Woods creation, PopStroke, is already up and going in the Westgate Entertainment Center in Peoria with another one on the way in Scottsdale. The outdoor sites have taken the concept to new heights, with electronic scoring and food and drinks brought to you on courses that try to mimic real championship golf courses.

Soon, Scottsdale Quarter, a shopping center known for its high-end offerings, will be home to a new indoor mini golf concept that targets an upscale adult audience. Puttshack will open June 14 in a two-story, 25,000-square-foot space at the southeast corner of the Scottsdale outdoor shopping center. The concept was created by the team behind TopGolf.

Puttshack will have four different courses in its Scottsdale location, each of which will be integrated with the company’s patented Trackaball technology that allows for automated scoring. Besides the mini golf, Puttshack will have a restaurant and cocktail bar.

The post TopGolf Creators Spawn Mini-Golf Concept appeared first on Connect CRE.

While still not rivaling the pickleball craze, mini-golf is making a comeback. It’s no longer just carpets and windmills. A Tiger Woods creation, PopStroke, is already up and going in the Westgate Entertainment Center in Peoria with another one on the way in Scottsdale. The outdoor sites have taken the concept to new heights, with …
The post TopGolf Creators Spawn Mini-Golf Concept appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

While still not rivaling the pickleball craze, mini-golf is making a comeback. It’s no longer just carpets and windmills. A Tiger Woods creation, PopStroke, is already up and going in the Westgate Entertainment Center in Peoria with another one on the way in Scottsdale. The outdoor sites have taken the concept to new heights, with …
The post TopGolf Creators Spawn Mini-Golf Concept appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Fanatics to Take Up 600,000 SF Waxahachie Warehouse – Robert Khodadadian

Sports-gear maker, Fanatics, will open a 600,000 square foot e-commerce and wholesale fulfillment facility in Waxahachie.  The new location will create a new, rapid delivery network to better serve fans, partners and retailers in the southern United States with a significant assortment of licensed sports products across professional and college teams. When fully operational, Fanatics plans to hire up to 250 personnel. 

The property will be located on the Blue Star Developments property. The development, as the name may suggest, is owned by Dallas Cowboys owner Jerry Jones.

The mixed-use project will break ground later this year with plans to be operational by the first quarter of 2025. 75 acres would be dedicated to new industrial space, which could accommodate about 1 million square feet. Some 20 acres at the south of the project would be dedicated to multifamily. The rest would be reserved for retail pad sites.

The post Fanatics to Take Up 600,000 SF Waxahachie Warehouse appeared first on Connect CRE.

Sports-gear maker, Fanatics, will open a 600,000 square foot e-commerce and wholesale fulfillment facility in Waxahachie.  The new location will create a new, rapid delivery network to better serve fans, partners and retailers in the southern United States with a significant assortment of licensed sports products across professional and college teams. When fully operational, Fanatics …
The post Fanatics to Take Up 600,000 SF Waxahachie Warehouse appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Sports-gear maker, Fanatics, will open a 600,000 square foot e-commerce and wholesale fulfillment facility in Waxahachie.  The new location will create a new, rapid delivery network to better serve fans, partners and retailers in the southern United States with a significant assortment of licensed sports products across professional and college teams. When fully operational, Fanatics …
The post Fanatics to Take Up 600,000 SF Waxahachie Warehouse appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Blue Vista Acquires 56 Acre Industrial Site in Spartanburg, SC – Robert Khodadadian

Blue Vista Capital Management has acquired a 56-acre site at 1298 New Cut Road in Spartanburg, SC. The property has a 201,718-square-foot manufacturing and warehouse building, 31 acres of undeveloped land and more than 300 parking spaces. The investment is a joint venture between Blue Vista and IP Capital Partners.

The existing building at New Cut Road features multiple points of ingress and egress, four dock high doors, three drive-in doors, a significant power infrastructure, and it’s fully air conditioned. 

“Spartanburg, and the broader South Carolina Upstate region is the state’s largest consolidated metro area and generates significant demand for mid-sized manufacturing and distribution space,” said Brandon Goetzman, Managing Principal & Co-Head of Equity. “We believe this is a flexible property that can accommodate a wide range of local or regional users, with multiple points of access, excessive power infrastructure and access to the region’s large labor force.”

The post Blue Vista Acquires 56 Acre Industrial Site in Spartanburg, SC appeared first on Connect CRE.

Blue Vista Capital Management has acquired a 56-acre site at 1298 New Cut Road in Spartanburg, SC. The property has a 201,718-square-foot manufacturing and warehouse building, 31 acres of undeveloped land and more than 300 parking spaces. The investment is a joint venture between Blue Vista and IP Capital Partners. The existing building at New …
The post Blue Vista Acquires 56 Acre Industrial Site in Spartanburg, SC appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Blue Vista Capital Management has acquired a 56-acre site at 1298 New Cut Road in Spartanburg, SC. The property has a 201,718-square-foot manufacturing and warehouse building, 31 acres of undeveloped land and more than 300 parking spaces. The investment is a joint venture between Blue Vista and IP Capital Partners. The existing building at New …
The post Blue Vista Acquires 56 Acre Industrial Site in Spartanburg, SC appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Stoneweg US Acquires The Station at Savannah Quarters – Robert Khodadadian

Stoneweg US has acquired The Station at Savannah Quarters, a Green Globe Certified, 244-unit core plus multifamily asset in Pooler, GA. 

The property, developed by Tynes Development in 2019, sits on approximately 10.8 acres within the Master Planned Use Development Savannah Quarters. It has three residential buildings, leasing center, clubhouse, four carriage buildings, and 34 garage stalls. 

Strategically located along Pooler Parkway, adjacent to Interstate 16, The Station at Savannah Quarters enjoys convenient access to downtown Savannah, the Savannah/Hilton Head International Airport, and the $5.5 billion Hyundai Motor Group Metaplant. 

“The Station at Savannah Quarters stands out in the market due to its exceptional quality and strategic location within a thriving community,” said Matt Levy, EVP, Head of Investments at Stoneweg US. “As a sponsor, we are focused on assets that offer sustainable growth potential, and this investment reflects our dedication to delivering strong returns for our investors.”

The post Stoneweg US Acquires The Station at Savannah Quarters appeared first on Connect CRE.

Stoneweg US has acquired The Station at Savannah Quarters, a Green Globe Certified, 244-unit core plus multifamily asset in Pooler, GA.  The property, developed by Tynes Development in 2019, sits on approximately 10.8 acres within the Master Planned Use Development Savannah Quarters. It has three residential buildings, leasing center, clubhouse, four carriage buildings, and 34 …
The post Stoneweg US Acquires The Station at Savannah Quarters appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Stoneweg US has acquired The Station at Savannah Quarters, a Green Globe Certified, 244-unit core plus multifamily asset in Pooler, GA.  The property, developed by Tynes Development in 2019, sits on approximately 10.8 acres within the Master Planned Use Development Savannah Quarters. It has three residential buildings, leasing center, clubhouse, four carriage buildings, and 34 …
The post Stoneweg US Acquires The Station at Savannah Quarters appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

CBRE Secures $36 Million Refi of Suburban Atlanta Shopping Center – Robert Khodadadian

CBRE has facilitated a $36 million refinance loan for Canton Marketplace. The 335,445-square-foot super regional shopping center in Canton is about 40 miles north of downtown Atlanta.

Mike Ryan, Brian Linnihan, Richard Henry and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, New York-based Acadia Realty Trust. The $36 million loan was secured through Voya Investment Management.

“Canton Marketplace is a best-in-class retail property with an outstanding owner in Acadia Realty Trust,” said Mr. Henry, Senior Vice President with CBRE. “Acadia has done a tremendous job with this asset since acquisition and our team is pleased to have connected them with a great lender in Voya to carry them through the next leg of their business plan.”

Located at 1810 Cumming Highway, Canton Marketplace is 95-percent leased and is anchored by a Dick’s Sport Goods, Best Buy, T.J. Maxx and pOpshelf.

The post CBRE Secures $36 Million Refi of Suburban Atlanta Shopping Center appeared first on Connect CRE.

CBRE has facilitated a $36 million refinance loan for Canton Marketplace. The 335,445-square-foot super regional shopping center in Canton is about 40 miles north of downtown Atlanta. Mike Ryan, Brian Linnihan, Richard Henry and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, New York-based Acadia Realty Trust. The …
The post CBRE Secures $36 Million Refi of Suburban Atlanta Shopping Center appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

CBRE has facilitated a $36 million refinance loan for Canton Marketplace. The 335,445-square-foot super regional shopping center in Canton is about 40 miles north of downtown Atlanta. Mike Ryan, Brian Linnihan, Richard Henry and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, New York-based Acadia Realty Trust. The …
The post CBRE Secures $36 Million Refi of Suburban Atlanta Shopping Center appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Baylor Medical School Erecting $150M Houston Teaching Facility – Robert Khodadadian

The 11-story, 503,000-square-foot building, which is projected to open in 2026, will be home to Baylor’s School of Medicine and School of Health Professions. To date, the gifts for the new tower total $100 million, but school officials expect the total cost to be $150 million. It will be in the Texas Medical Center area next to Helix Park.

To be called the Lillie and Roy Cullen Tower, it will include a 500-seat atrium; dedicated space for big data analytics; small-group classrooms; studio classrooms; a large-capacity, high-tech, theater-style event space; an anatomy lab, teaching labs and a 35,000-square-foot simulation center, which will help prepare students prior to clinicals; an education innovation center with a faculty development lab; a student wellness center; lecture halls; a rooftop garden; and an elevated courtyard. 

The Slam Collaborative, an architecture firm with its primary office in Connecticut, designed the new tower. 

The post Baylor Medical School Erecting $150M Houston Teaching Facility appeared first on Connect CRE.

The 11-story, 503,000-square-foot building, which is projected to open in 2026, will be home to Baylor’s School of Medicine and School of Health Professions. To date, the gifts for the new tower total $100 million, but school officials expect the total cost to be $150 million. It will be in the Texas Medical Center area next …
The post Baylor Medical School Erecting $150M Houston Teaching Facility appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The 11-story, 503,000-square-foot building, which is projected to open in 2026, will be home to Baylor’s School of Medicine and School of Health Professions. To date, the gifts for the new tower total $100 million, but school officials expect the total cost to be $150 million. It will be in the Texas Medical Center area next …
The post Baylor Medical School Erecting $150M Houston Teaching Facility appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Westfield Brandon Shopping Center Sells for $220 Million – Robert Khodadadian

Unibail-Rodamco-Westfield has completed the sale of Westfield Brandon, a regional shopping center in Brandon, FL. North American Development Group acquired the asset for $220 million in a joint venture with an institutional partner.

Westfield Brandon is an A-minus-rated 1.15 million-square-foot mall with an occupancy of  84.5 percent. It opened in 1995 as the Brandon Town Center. In 2002 it was renamed Westfield Shoppingtown Brandon when it was purchased by Westfield. The name was shortened to Westfield Brandon in 2005.

The location off Interstate 75 and Lee Roy Selmon Expressway has made it a popular shopping destination, even as changing consumer habits have changed the industry. It is among the top five regional malls in the nation, with almost 7 million visitors in the last year. 

The buyer, North American Development Group, has more than $5 billion in assets around the country. Florida assets include shopping centers in Clearwater, Tampa, and Seminole.

The post Westfield Brandon Shopping Center Sells for $220 Million appeared first on Connect CRE.

Unibail-Rodamco-Westfield has completed the sale of Westfield Brandon, a regional shopping center in Brandon, FL. North American Development Group acquired the asset for $220 million in a joint venture with an institutional partner. Westfield Brandon is an A-minus-rated 1.15 million-square-foot mall with an occupancy of  84.5 percent. It opened in 1995 as the Brandon Town …
The post Westfield Brandon Shopping Center Sells for $220 Million appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Unibail-Rodamco-Westfield has completed the sale of Westfield Brandon, a regional shopping center in Brandon, FL. North American Development Group acquired the asset for $220 million in a joint venture with an institutional partner. Westfield Brandon is an A-minus-rated 1.15 million-square-foot mall with an occupancy of  84.5 percent. It opened in 1995 as the Brandon Town …
The post Westfield Brandon Shopping Center Sells for $220 Million appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Industrial Park Approved for Former Racetrack Site – Robert Khodadadian

Palm Beach County Commissioners have unanimously approved the redevelopment plan for the 186.4-acre former site of Palm Beach International Speedway. This was a reversal of the commission’s 4-2 vote in April of 2022 to deny the redevelopment of the site at 17047 Bee Line Highway.

New York-based Sixth Street Specialty Lending can now move forward on its 2.12-million-square-foot Palm Beach Logistics Center. Attorney Seth Behn represented the property owner.

After the previous denial, the property owner filed for a public arbitration hearing where the judge ruled Palm Beach County improperly denied the site plan. The property owner filed notice of its intention to file a claim under the Bert J. Harris Jr. Private Property Rights Protection Act if its application was not approved. This law allows for relief for property owners when a government entity inordinately burdens the existing use or vested rights of the property.

The post Industrial Park Approved for Former Racetrack Site appeared first on Connect CRE.

Palm Beach County Commissioners have unanimously approved the redevelopment plan for the 186.4-acre former site of Palm Beach International Speedway. This was a reversal of the commission’s 4-2 vote in April of 2022 to deny the redevelopment of the site at 17047 Bee Line Highway. New York-based Sixth Street Specialty Lending can now move forward …
The post Industrial Park Approved for Former Racetrack Site appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Palm Beach County Commissioners have unanimously approved the redevelopment plan for the 186.4-acre former site of Palm Beach International Speedway. This was a reversal of the commission’s 4-2 vote in April of 2022 to deny the redevelopment of the site at 17047 Bee Line Highway. New York-based Sixth Street Specialty Lending can now move forward …
The post Industrial Park Approved for Former Racetrack Site appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Denver-Area Rental Property Sells for $46M – Robert Khodadadian

Granite Capital Group (GCP) completed the $46 million sale of Enclave Belle Creek, a 167-unit multifamily and townhome community in Henderson, Colorado. A Transwestern Real Estate Services team led by John Blackshire represented GCG in the sale. The transaction was a 1031 exchange. The sales price comes out to about $275,000 per unit.

The property was first acquired by GCG in 2018 and is part of the master-planned Belle Creek community. It is a 10-building complex, built in 2017 and 2018, and is a mix of apartments and townhomes.

“Our limited partners are very happy about the 18%-plus annual return on investment they received,” said GCG’s Bruce Savett.

The post Denver-Area Rental Property Sells for $46M appeared first on Connect CRE.

Granite Capital Group (GCP) completed the $46 million sale of Enclave Belle Creek, a 167-unit multifamily and townhome community in Henderson, Colorado. A Transwestern Real Estate Services team led by John Blackshire represented GCG in the sale. The transaction was a 1031 exchange. The sales price comes out to about $275,000 per unit. The property …
The post Denver-Area Rental Property Sells for $46M appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Granite Capital Group (GCP) completed the $46 million sale of Enclave Belle Creek, a 167-unit multifamily and townhome community in Henderson, Colorado. A Transwestern Real Estate Services team led by John Blackshire represented GCG in the sale. The transaction was a 1031 exchange. The sales price comes out to about $275,000 per unit. The property …
The post Denver-Area Rental Property Sells for $46M appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

JLL Arranges Debt and Equity on Cleveland Luxury Apartment Project – Robert Khodadadian

JLL Capital Markets arranged $38.5 million in construction financing, in addition to co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multifamily development located within an Opportunity Zone in downtown Cleveland. 

The JLL Capital Markets Advisory Team of Leon McBroom, David Gaines,  Lucas Borges and Will Haass represented the borrower, SomeraRoad Inc., to arrange the construction loan through a Midwest-based regional bank. JLL also secured co-GP equity investment with LCI Development Partners, an affiliate of Leopardo Companies, which is acting as the general contractor on the project. 

Set to deliver in early 2025, the seven-story community at 1060 Bolivar Rd. will be an adaptive re-use project built on top of a refurbished, three-story 277-space parking garage.  

“Residences at Bolivar is a testament to capital’s appetite for uniquely positioned development opportunities, spearheaded by first class developers like SomeraRoad and LCI Development Partners,” said Haass.

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register. 

The post JLL Arranges Debt and Equity on Cleveland Luxury Apartment Project appeared first on Connect CRE.

JLL Capital Markets arranged $38.5 million in construction financing, in addition to co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multifamily development located within an Opportunity Zone in downtown Cleveland.  The JLL Capital Markets Advisory Team of Leon McBroom, David Gaines,  Lucas Borges and Will Haass represented the borrower, SomeraRoad Inc., to …
The post JLL Arranges Debt and Equity on Cleveland Luxury Apartment Project appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

JLL Capital Markets arranged $38.5 million in construction financing, in addition to co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multifamily development located within an Opportunity Zone in downtown Cleveland.  The JLL Capital Markets Advisory Team of Leon McBroom, David Gaines,  Lucas Borges and Will Haass represented the borrower, SomeraRoad Inc., to …
The post JLL Arranges Debt and Equity on Cleveland Luxury Apartment Project appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Seefried Breaks Ground on Energy-Efficient Aurora Data Center – Robert Khodadadian

Seefried Industrial Properties, along with Endeavour’s Edged Energy division, joined City of Aurora officials and ComEd to kick off construction on a new data center campus in Aurora, IL. Located on a four-way interchange at Interstate 88 and Eola Road, the new multi-building campus will consist of three buildings across 65 acres that will be constructed in phases.  

The project will offer sustainable features including advanced waterless cooling technology and ultra-efficient energy systems. The development will also include electric vehicle charging and alternative fuels for its backup generators as well as on-site solar panels. 

This marks Edged Energy’s inaugural data center development in Illinois. The first building of the new campus is scheduled for completion in June 2024.  

Paul Roeser and Ryan O’Leary of KBC Advisors represented Edged Energy on the transaction. Jim DeRose and Michele Keller of DuPage Property Venture represented the land seller. 

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register. 

The post Seefried Breaks Ground on Energy-Efficient Aurora Data Center appeared first on Connect CRE.

Seefried Industrial Properties, along with Endeavour’s Edged Energy division, joined City of Aurora officials and ComEd to kick off construction on a new data center campus in Aurora, IL. Located on a four-way interchange at Interstate 88 and Eola Road, the new multi-building campus will consist of three buildings across 65 acres that will be …
The post Seefried Breaks Ground on Energy-Efficient Aurora Data Center appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Seefried Industrial Properties, along with Endeavour’s Edged Energy division, joined City of Aurora officials and ComEd to kick off construction on a new data center campus in Aurora, IL. Located on a four-way interchange at Interstate 88 and Eola Road, the new multi-building campus will consist of three buildings across 65 acres that will be …
The post Seefried Breaks Ground on Energy-Efficient Aurora Data Center appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Blackstone’s Club Quarters Chicago Appears Headed for Foreclosure – Robert Khodadadian

The 429-key Club Quarters Chicago hotel in the Central Loop appears headed to foreclosure after negotiations stalled on a delinquent CMBS loan valued at $274 million, the Chicago Business Journal reported. 

CWCapital, the special servicer on the loan since mid-2020, is “pursuing foreclosure” for the hotel and three other CQ hotels in San Francisco, Boston and Philadelphia secured by the loan. 

Although special servers are typically appointed to help borrowers and lenders resolve loan issues, a CMBS industry report said they “were unable to reach a workout agreement.” As recently as April, the report said the parties were still evaluating options. It’s still possible foreclosure could be avoided if an agreement is reached. 

The loan was originated by Bank of America in 2017 to the hotels’ owner, a Blackstone Group real estate fund. It has been on a watchlist since early in the pandemic and been delinquent for 34 months. 

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register. 

The post Blackstone’s Club Quarters Chicago Appears Headed for Foreclosure appeared first on Connect CRE.

The 429-key Club Quarters Chicago hotel in the Central Loop appears headed to foreclosure after negotiations stalled on a delinquent CMBS loan valued at $274 million, the Chicago Business Journal reported.  CWCapital, the special servicer on the loan since mid-2020, is “pursuing foreclosure” for the hotel and three other CQ hotels in San Francisco, Boston …
The post Blackstone’s Club Quarters Chicago Appears Headed for Foreclosure appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The 429-key Club Quarters Chicago hotel in the Central Loop appears headed to foreclosure after negotiations stalled on a delinquent CMBS loan valued at $274 million, the Chicago Business Journal reported.  CWCapital, the special servicer on the loan since mid-2020, is “pursuing foreclosure” for the hotel and three other CQ hotels in San Francisco, Boston …
The post Blackstone’s Club Quarters Chicago Appears Headed for Foreclosure appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Valley Bank Hires Midwest Regional President – Robert Khodadadian

Valley Bank is expanding its Chicago office with the hiring of Matthew Weidle as first SVP and Midwest regional president. The two-decade baking veteran will focus on expanding Valley’s Commercial Banking presence in the Chicago market and Midwest region.  

Under Weidle’s leadership, Valley aims to take its commercial & industrial, real estate and wealth management business to new levels. Valley also intends to bring new verticals to the marketplaces such as asset-based lending, association banking, leasing and SBA, among other solutions. 

“Few people understand the marketplace and needs of the business community as well as Matt Weidle,” said Valley Bank head of corporate banking Jeff Watts. “With Matt leading our brand in the market and Jerry Lumpkins continuing to lead our real estate business in the Midwest Region, Valley will help customers capitalize on today’s evolving marketplace as we expand our footprint across the region.”

Pictured: Matthew Weidle. 

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register. 

The post Valley Bank Hires Midwest Regional President appeared first on Connect CRE.

Valley Bank is expanding its Chicago office with the hiring of Matthew Weidle as first SVP and Midwest regional president. The two-decade baking veteran will focus on expanding Valley’s Commercial Banking presence in the Chicago market and Midwest region.   Under Weidle’s leadership, Valley aims to take its commercial & industrial, real estate and wealth management …
The post Valley Bank Hires Midwest Regional President appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Valley Bank is expanding its Chicago office with the hiring of Matthew Weidle as first SVP and Midwest regional president. The two-decade baking veteran will focus on expanding Valley’s Commercial Banking presence in the Chicago market and Midwest region.   Under Weidle’s leadership, Valley aims to take its commercial & industrial, real estate and wealth management …
The post Valley Bank Hires Midwest Regional President appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Jonathan Rose Launches First San Francisco Project – Robert Khodadadian

Jonathan Rose Companies announced the closing and start of construction of Hunters Point Shipyard Blocks 52 & 54, a 112-unit affordable multifamily housing project located in San Francisco’s Hunters Point Shipyard neighborhood. The development is Rose’s first in San Francisco and marks an expansion of Rose’s West Coast operations, following its real estate closing of 1999 W 3rd St. in Los Angeles last fall. 

“San Francisco’s housing crisis continues to outpace the rest of the country, and we look forward to working with our community partners to bring this much-needed development to the Bay Area, while providing residents with amenities and programming to help them thrive,” said Sarah White, director of development, California, at Rose.  

The Hunters Point Shipyard development will be all-electric and built to meet GreenPoint Rating standards. San Francisco’s Office of Community Investment and Infrastructure will provide $61.5 million in funding to support development costs. 

The post Jonathan Rose Launches First San Francisco Project appeared first on Connect CRE.

Jonathan Rose Companies announced the closing and start of construction of Hunters Point Shipyard Blocks 52 & 54, a 112-unit affordable multifamily housing project located in San Francisco’s Hunters Point Shipyard neighborhood. The development is Rose’s first in San Francisco and marks an expansion of Rose’s West Coast operations, following its real estate closing of …
The post Jonathan Rose Launches First San Francisco Project appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Jonathan Rose Companies announced the closing and start of construction of Hunters Point Shipyard Blocks 52 & 54, a 112-unit affordable multifamily housing project located in San Francisco’s Hunters Point Shipyard neighborhood. The development is Rose’s first in San Francisco and marks an expansion of Rose’s West Coast operations, following its real estate closing of …
The post Jonathan Rose Launches First San Francisco Project appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

California Apartment Assn. Slates Rental Round-Up Events for San Diego, Sacramento – Robert Khodadadian

The California Apartment Association has scheduled two upcoming Rental Housing Round-Up events in San Diego and Sacramento. These in-person gatherings aim to provide rental property owners and managers with key updates on the state of the rental housing market and discuss various challenges facing the industry. 

The first event, the “CAA San Diego Rental Housing Round-Up,” will take place on Tuesday, June 13, at Tom Ham’s Lighthouse in San Diego. This event will feature industry leaders and experts discussing the rental housing market, with particular focus on the implications of the new San Diego tenant protection ordinance and other statewide and local threats to the industry. 

Following the San Diego event, the “CAA Sacramento Rental Housing Round-Up” will occur on Wednesday, June 28, at the Sacramento Association of Realtors – Mack Powell Event Center. It will include an economic update specific to the Sacramento region and a panel discussion. 

Click here to register for the San Diego event and here for the Sacramento event. 

The post California Apartment Assn. Slates Rental Round-Up Events for San Diego, Sacramento appeared first on Connect CRE.

The California Apartment Association has scheduled two upcoming Rental Housing Round-Up events in San Diego and Sacramento. These in-person gatherings aim to provide rental property owners and managers with key updates on the state of the rental housing market and discuss various challenges facing the industry.  The first event, the “CAA San Diego Rental Housing …
The post California Apartment Assn. Slates Rental Round-Up Events for San Diego, Sacramento appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The California Apartment Association has scheduled two upcoming Rental Housing Round-Up events in San Diego and Sacramento. These in-person gatherings aim to provide rental property owners and managers with key updates on the state of the rental housing market and discuss various challenges facing the industry.  The first event, the “CAA San Diego Rental Housing …
The post California Apartment Assn. Slates Rental Round-Up Events for San Diego, Sacramento appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Byline Bank Lends $14M on Self-Storage Build in Paramount – Robert Khodadadian

Byline Bank’s Commercial Real Estate team has provided a $13.67-million construction loan to Madison Capital Group, a Charlotte-based real estate developer with offices in Newport Beach. Madison Capital will use the funds to develop a new-construction self-storage property, located at 15932 Minnesota Ave. in Paramount.  

The infill project will total 845 units, including 841 temperature-controlled units. The property will be managed by Madison Capital’s self-storage brand, Go Store It.  

“Los Angeles has a vibrant self-storage market,” said John M. Barkidjija, EVP of Byline’s Commercial Real Estate and Specialty Finance Group.  “Vacancies remain low and rent growth continues to make this sector attractive.” 

Joanne Campanile, Sam Duros and Ana Garcia of Byline Bank managed the loan transaction on behalf of the borrower, working directly with Eric Lentz of Madison Capital Group Holdings. Talonvest’s Eric Snyder, Kim Bishop and Ivan Viramontes brokered the deal. 

Pictured: A Go Store It facility in Cumming, GA.

The post Byline Bank Lends $14M on Self-Storage Build in Paramount appeared first on Connect CRE.

Byline Bank’s Commercial Real Estate team has provided a $13.67-million construction loan to Madison Capital Group, a Charlotte-based real estate developer with offices in Newport Beach. Madison Capital will use the funds to develop a new-construction self-storage property, located at 15932 Minnesota Ave. in Paramount.   The infill project will total 845 units, including 841 temperature-controlled …
The post Byline Bank Lends $14M on Self-Storage Build in Paramount appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Byline Bank’s Commercial Real Estate team has provided a $13.67-million construction loan to Madison Capital Group, a Charlotte-based real estate developer with offices in Newport Beach. Madison Capital will use the funds to develop a new-construction self-storage property, located at 15932 Minnesota Ave. in Paramount.   The infill project will total 845 units, including 841 temperature-controlled …
The post Byline Bank Lends $14M on Self-Storage Build in Paramount appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Colliers Takes Over Leasing, Management at DTLA’s EY Plaza – Robert Khodadadian

Colliers has been awarded the leasing and property management assignment of Downtown Los Angeles’ EY Plaza, formerly Ernst & Young Plaza, at 725 S. Figueroa St. The firm was retained by Trident Pacifc Real Estate’s Gregg Williams, who has been appointed receiver.  

Serving as lead advisor for the receivership estate, Sean Fulp, head of office capital markets, U.S. Southwest, is tasked with ensuring EY Plaza’s value is preserved despite the turbulent market conditions. 

“EY Plaza is one of the best office buildings in all of Los Angeles, and its value is worth protecting,” Fulp said. “We will not sit back and wait for the market to determine its fate.” 

Joining Fulp are vice chair Matthew Heyn and EVP Ian M. Gilbert, who will oversee leasing efforts. Kevin Rude, regional managing director of West Coast, and Tina Minook, regional managing director of California real estate management services, will lead property management. 

The post Colliers Takes Over Leasing, Management at DTLA’s EY Plaza appeared first on Connect CRE.

Colliers has been awarded the leasing and property management assignment of Downtown Los Angeles’ EY Plaza, formerly Ernst & Young Plaza, at 725 S. Figueroa St. The firm was retained by Trident Pacifc Real Estate’s Gregg Williams, who has been appointed receiver.   Serving as lead advisor for the receivership estate, Sean Fulp, head of office …
The post Colliers Takes Over Leasing, Management at DTLA’s EY Plaza appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Colliers has been awarded the leasing and property management assignment of Downtown Los Angeles’ EY Plaza, formerly Ernst & Young Plaza, at 725 S. Figueroa St. The firm was retained by Trident Pacifc Real Estate’s Gregg Williams, who has been appointed receiver.   Serving as lead advisor for the receivership estate, Sean Fulp, head of office …
The post Colliers Takes Over Leasing, Management at DTLA’s EY Plaza appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

CA Senate Passes Bill Permitting Restaurants, Bars to Participate in Street Fairs – Robert Khodadadian

The California State Senate voted unanimously to pass Senate Bill 76, which allows cities to create temporary “Entertainment Zones” in public spaces and intended to aid the recovery of brick-and-mortar restaurants and bars by removing barriers to their participation in outdoor events like street fairs and festivals. The bill heads next to the Assembly, where it must pass by Sept. 14. 

“Our cities will recover from the pandemic only with thriving small businesses,” said Sen. Scott Wiener, the bill’s author. “By allowing brick-and-mortar businesses to participate in street fairs and festivals on equal footing with outside vendors, SB 76 provides cities an important tool to boost economic recovery.” 

Currently, licensed businesses may come in from outside a neighborhood to set up booths to sell alcoholic beverages to-go during a street fair or festival, but neighboring restaurants and bars are prohibited from doing the same.

The post CA Senate Passes Bill Permitting Restaurants, Bars to Participate in Street Fairs appeared first on Connect CRE.

The California State Senate voted unanimously to pass Senate Bill 76, which allows cities to create temporary “Entertainment Zones” in public spaces and intended to aid the recovery of brick-and-mortar restaurants and bars by removing barriers to their participation in outdoor events like street fairs and festivals. The bill heads next to the Assembly, where it …
The post CA Senate Passes Bill Permitting Restaurants, Bars to Participate in Street Fairs appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The California State Senate voted unanimously to pass Senate Bill 76, which allows cities to create temporary “Entertainment Zones” in public spaces and intended to aid the recovery of brick-and-mortar restaurants and bars by removing barriers to their participation in outdoor events like street fairs and festivals. The bill heads next to the Assembly, where it …
The post CA Senate Passes Bill Permitting Restaurants, Bars to Participate in Street Fairs appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Pebblebrook Divests Hotel Vintage Seattle for Slightly More Than It Paid – Robert Khodadadian

Pebblebrook Hotel Trust closed on the sale of the 125-room Hotel Vintage Seattle in Seattle, WA for $33.7 million to an unidentified third party. Last fall, the Bethesda, MD-based lodging REIT sold the Hotel Vintage Portland at a comparable price. The Seattle property’s sale price was only slightly more than Pebblebrook paid for it in 2012. 

For the trailing 12 months ended March 31, 2023, the hotel’s NOI was $0.8 million, and its hotel EBITDA was $1.1 million, with the sale price reflecting a 31.0x EBITDA multiple and a 2.3% NOI capitalization rate, according to Pebblebrook. Based on the hotel’s operating performance for 2019, the sale price reflects an 11.2x EBITDA multiple and a 7.3% NOI cap rate.  

The REIT said Thursday that proceeds from the sale of Hotel Vintage Seattle will be used for general corporate purposes, which may include reducing outstanding debt and repurchasing common and preferred shares.

The post Pebblebrook Divests Hotel Vintage Seattle for Slightly More Than It Paid appeared first on Connect CRE.

Pebblebrook Hotel Trust closed on the sale of the 125-room Hotel Vintage Seattle in Seattle, WA for $33.7 million to an unidentified third party. Last fall, the Bethesda, MD-based lodging REIT sold the Hotel Vintage Portland at a comparable price. The Seattle property’s sale price was only slightly more than Pebblebrook paid for it in …
The post Pebblebrook Divests Hotel Vintage Seattle for Slightly More Than It Paid appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Pebblebrook Hotel Trust closed on the sale of the 125-room Hotel Vintage Seattle in Seattle, WA for $33.7 million to an unidentified third party. Last fall, the Bethesda, MD-based lodging REIT sold the Hotel Vintage Portland at a comparable price. The Seattle property’s sale price was only slightly more than Pebblebrook paid for it in …
The post Pebblebrook Divests Hotel Vintage Seattle for Slightly More Than It Paid appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Washington Holdings Proposes Apartments Near Olympic Sculpture Park – Robert Khodadadian

Washington Holdings on Wednesday announced preliminary plans for a nine-story apartment building across Western Avenue from Seattle’s Olympic Sculpture Park, the Puget Sound Business Journal reported. The Seattle-based developer’s early plan calls for a solar-powered building of around 225 rental units at 3000 Western Ave. The old lab/office building on a two-thirds-acre site is owned by Alexandria Real Estate Equities Inc. 

Acquisition of the property and construction won’t occur until 2025 at the earliest, Washington Holdings said. The company has submitted early design guidance materials to the city. It’s “an important first step toward possible redevelopment,” said a Washington Holdings press release. 

It’s a rare development proposal in an environment where financing remains elusive. Meanwhile, Seattle is only starting to emerge from the effects of the  pandemic. 

“Although there are currently many headwinds and feasibility is not assured, we’re hopeful,” Washington Holdings EVP Ben Margoles said in the release. 

Photo of Olympic Sculpture Park courtesy of Weiss Manfredi.

The post Washington Holdings Proposes Apartments Near Olympic Sculpture Park appeared first on Connect CRE.

Washington Holdings on Wednesday announced preliminary plans for a nine-story apartment building across Western Avenue from Seattle’s Olympic Sculpture Park, the Puget Sound Business Journal reported. The Seattle-based developer’s early plan calls for a solar-powered building of around 225 rental units at 3000 Western Ave. The old lab/office building on a two-thirds-acre site is owned …
The post Washington Holdings Proposes Apartments Near Olympic Sculpture Park appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Washington Holdings on Wednesday announced preliminary plans for a nine-story apartment building across Western Avenue from Seattle’s Olympic Sculpture Park, the Puget Sound Business Journal reported. The Seattle-based developer’s early plan calls for a solar-powered building of around 225 rental units at 3000 Western Ave. The old lab/office building on a two-thirds-acre site is owned …
The post Washington Holdings Proposes Apartments Near Olympic Sculpture Park appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

CRE Pricing Posts First Across-the-Board Annual Decline Since 2010 – Robert Khodadadian

All the major property types posted annual declines in April, marking the first time since September 2010 that prices fell across the board, MSCI Real Assets said Thursday. The RCA CPPI National All-Property Index fell 1.1% from March and dropped 9.4% from April of 2022, dragged down by the slide in apartment sector prices. 

The industrial sector held out until April, when it experienced both monthly and annual price drops. Industrial prices slipped 0.5% from March and fell 0.8% versus a year earlier. 

Apartments again saw the largest monthly and annual declines among the major property types. Rising mortgage rates have led to a sharp drop in prices, with the index falling 12.1% from a year prior and 1.5% from March.  

Prices for retail properties dropped 6.0% from a year ago and 0.5% since March. This annual decline is the largest for the sector since the end of 2010. This time last year, the retail index posted an annual increase greater than 18%.  

Declines in suburban office prices have sharpened faster than in CBD areas. The suburban office index was down 6.3% year over year, while the CBD office index fell 3.8%. As recently as January of this year, price growth for suburban offices was outperforming that of CBD offices. 

The post CRE Pricing Posts First Across-the-Board Annual Decline Since 2010 appeared first on Connect CRE.

All the major property types posted annual declines in April, marking the first time since September 2010 that prices fell across the board, MSCI Real Assets said Thursday. The RCA CPPI National All-Property Index fell 1.1% from March and dropped 9.4% from April of 2022, dragged down by the slide in apartment sector prices.  The …
The post CRE Pricing Posts First Across-the-Board Annual Decline Since 2010 appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

All the major property types posted annual declines in April, marking the first time since September 2010 that prices fell across the board, MSCI Real Assets said Thursday. The RCA CPPI National All-Property Index fell 1.1% from March and dropped 9.4% from April of 2022, dragged down by the slide in apartment sector prices.  The …
The post CRE Pricing Posts First Across-the-Board Annual Decline Since 2010 appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Real Estate Industry Groups Applaud SCOTUS Ruling on Clean Water Act  – Robert Khodadadian

Industry associations on Thursday applauded a U.S. Supreme Court ruling narrowing the applicability of the 1972 Clean Water Act. In deciding Sackett vs. EPA, the court ruled 5-4 that Clean Water Act jurisdiction is limited to wetlands that are “as a practical matter indistinguishable from waters of the United States” and that have a continuous surface connection with that water. It’s a distinction that has been of interest to property developers for decades. 

NAIOP president and CEO Marc Selvitelli said,” For many years, NAIOP has advocated for commonsense regulation to protect our nation’s wetlands that is clear, increases predictability and consistency in EPA and Army Corps of Engineers wetlands decision making, and reduces unnecessary permitting delays. Our most recent comments to the Biden administration’s WOTUS rule reflected this approach.  

“Today’s Supreme Court decision finally clarifies the legal test needed to determine whether a federal wetlands permit is required for a development project,” Selvitelli continued. “This will go a long way to reducing the uncertainty and added costs of delay that were the result of the legal ambiguity that existed.” 

In a joint statement, the National Multifamily Housing Council and the National Apartment Association said, “Today’s decision provides long-awaited certainty for property owners and housing providers and properly curbs federal overreach of what defines Waters of the U.S. (WOTUS). The apartment industry strongly supports protecting our water resources, but undue and confusing regulations would exacerbate our nationwide housing affordability crisis.” 

The post Real Estate Industry Groups Applaud SCOTUS Ruling on Clean Water Act  appeared first on Connect CRE.

Industry associations on Thursday applauded a U.S. Supreme Court ruling narrowing the applicability of the 1972 Clean Water Act. In deciding Sackett vs. EPA, the court ruled 5-4 that Clean Water Act jurisdiction is limited to wetlands that are “as a practical matter indistinguishable from waters of the United States” and that have a continuous …
The post Real Estate Industry Groups Applaud SCOTUS Ruling on Clean Water Act  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Industry associations on Thursday applauded a U.S. Supreme Court ruling narrowing the applicability of the 1972 Clean Water Act. In deciding Sackett vs. EPA, the court ruled 5-4 that Clean Water Act jurisdiction is limited to wetlands that are “as a practical matter indistinguishable from waters of the United States” and that have a continuous …
The post Real Estate Industry Groups Applaud SCOTUS Ruling on Clean Water Act  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

Bankrupt HNA Ordered to Turn Over Chicago Tower to SL Green  – Robert Khodadadian

The Chinese investment conglomerate that owns the 50-story office tower at 181 W. Madison St. in Chicago’s Loop must hand over the property to SL Green Realty Corp., New York’s largest office landlord, a federal judge ordered last week. 
 
In a ruling meant to help resolve an unpaid $185-million judgment against HNA International as the China-based firm works through bankruptcy, Judge John Koeltl ordered HNA to turn over its interest in the Chicago property to a venture led by New York-based SL Green, Crain’s Chicago Business reported. 

The 33-year-old Loop tower would be the only office property in Chicago owned by SL Green, a REIT best known for its Manhattan office buildings. 

An HNA venture paid $355 million in 2017 for 181 W. Madison and put it up for sale slightly more than a year later, but the tower never traded. The venture instead refinanced the property in late 2019. 

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register. 

The post Bankrupt HNA Ordered to Turn Over Chicago Tower to SL Green  appeared first on Connect CRE.

The Chinese investment conglomerate that owns the 50-story office tower at 181 W. Madison St. in Chicago’s Loop must hand over the property to SL Green Realty Corp., New York’s largest office landlord, a federal judge ordered last week.  In a ruling meant to help resolve an unpaid $185-million judgment against HNA International as the China-based firm works …
The post Bankrupt HNA Ordered to Turn Over Chicago Tower to SL Green  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

The Chinese investment conglomerate that owns the 50-story office tower at 181 W. Madison St. in Chicago’s Loop must hand over the property to SL Green Realty Corp., New York’s largest office landlord, a federal judge ordered last week.  In a ruling meant to help resolve an unpaid $185-million judgment against HNA International as the China-based firm works …
The post Bankrupt HNA Ordered to Turn Over Chicago Tower to SL Green  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

San Diego’s First Multi-Mixed-Use Tower Tops Out – Robert Khodadadian

Holland Partner Group, North America Sekisui House and Lowe have reached the topping out phase in the development of West, a $400-million, 37-story mixed-use project located at 1011 Union St. in downtown San Diego. As the first multi-mixed-use tower in the city, it will feature 280,000 square feet of office space, 19,000 square feet of retail space and 431 luxury apartments. Completion of West is planned for the first quarter of 2024. 

“With this topping out, we can see our team’s vision becoming a reality and helping to shape the Downtown San Diego of tomorrow,” said Brent Schertzer, managing director for Holland. “West will provide a model for others to follow.” 

Leading the office leasing efforts at West Downtown San Diego are JLL’s Tony Russell and Richard Gonor.  West can accommodate a wide range of users from 10,000 square feet to 280,000 square feet. There are also future expansion options. 

The post San Diego’s First Multi-Mixed-Use Tower Tops Out appeared first on Connect CRE.

Holland Partner Group, North America Sekisui House and Lowe have reached the topping out phase in the development of West, a $400-million, 37-story mixed-use project located at 1011 Union St. in downtown San Diego. As the first multi-mixed-use tower in the city, it will feature 280,000 square feet of office space, 19,000 square feet of retail …
The post San Diego’s First Multi-Mixed-Use Tower Tops Out appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

Holland Partner Group, North America Sekisui House and Lowe have reached the topping out phase in the development of West, a $400-million, 37-story mixed-use project located at 1011 Union St. in downtown San Diego. As the first multi-mixed-use tower in the city, it will feature 280,000 square feet of office space, 19,000 square feet of retail …
The post San Diego’s First Multi-Mixed-Use Tower Tops Out appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment

ShopOne, JV Partners Enter MA with Acquisition of East Longmeadow Shopping Center  – Robert Khodadadian

ShopOne Centers REIT, in partnership with Pantheon and aM institutional investor, has entered Massachusetts with the acquisition of Heritage Park Plaza.  

The shopping center, anchored by Stop & Shop, spans 117,337 square feet in East Longmeadow near Springfield. The plaza boasts high occupancy and a tenant mix, including national retailers like Petco, Panera, and Dollar Tree.  

“With its significant barriers-to-entry for new development, demonstrated tenant success and established retail trade areas, New England will continue to be a target market for us, and we are very pleased to now have a presence in this region,” said Chris Reed, chief investment officer at ShopOne. Heritage Park Plaza marks the JV’s 12th grocery-anchored acquisition since March 2022, with a total investment capacity exceeding $1 billion. 

The post ShopOne, JV Partners Enter MA with Acquisition of East Longmeadow Shopping Center  appeared first on Connect CRE.

ShopOne Centers REIT, in partnership with Pantheon and aM institutional investor, has entered Massachusetts with the acquisition of Heritage Park Plaza.   The shopping center, anchored by Stop & Shop, spans 117,337 square feet in East Longmeadow near Springfield. The plaza boasts high occupancy and a tenant mix, including national retailers like Petco, Panera, and Dollar …
The post ShopOne, JV Partners Enter MA with Acquisition of East Longmeadow Shopping Center  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

ShopOne Centers REIT, in partnership with Pantheon and aM institutional investor, has entered Massachusetts with the acquisition of Heritage Park Plaza.   The shopping center, anchored by Stop & Shop, spans 117,337 square feet in East Longmeadow near Springfield. The plaza boasts high occupancy and a tenant mix, including national retailers like Petco, Panera, and Dollar …
The post ShopOne, JV Partners Enter MA with Acquisition of East Longmeadow Shopping Center  appeared first on Connect CRE. Robert Khodadadian | Chairman NY Investment Sales Skyline Properties Robert Khodadadian New York City Real Estate Commercial Real Estate Investment Properties Property Development Real Estate Brokerage Office Space Retail Space Residential Real Estate Real Estate Investing Property Management Real Estate Services Real Estate Transactions Real Estate Market Analysis Commercial Property Sales Real Estate Acquisitions Real Estate Consulting Property Valuation Real Estate Investment Trusts (REITs) Property Listings Real Estate Portfolio Management Real Estate Finance Property Leasing Real Estate Negotiation Real Estate Contracts Real Estate Law Real Estate Industry News ground leases office buildings commercial buildings apartment buildings townhouses mixed use investment building mixed use user buildings live plus income buildings industrial properties off market real estate daniel shirazi new york real estate real estate investment