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Top REBusinessOnline News

Synovus, Pinnacle Financial Partners to Merge - Atlanta Business Chronicle

57% Center coverage: 7 sources

Synovus had been the subject of merger rumors earlier in the week. The deal could stand as a test case for banks primed to cross the $100 billion-asset threshold amid expected Trump-era deregulation.See the Story

Conroe · Conroe

Marcus & Millichap Brokers Sale of 307-Unit Self-Storage Facility in Conroe, Texas

CONROE, TEXAS — Marcus & Millichap has brokered the sale of Cool Spaces Storage, a 307-unit self-storage facility located about 40 miles north of Houston in Conroe. The property consists of eight single-story buildings on a 12-acre site that were constructed in 2021. Of the facility’s 71,520 net rentable square feet (NRSF) of space, there is 33,600 NRSF of climate-controlled space, 2,500 NRSF of non-climate-controlled space and 35,420 NRSF of RV…Read Article

Frisco, Texas · Frisco

Rosewood, MetLife Break Ground on 382-Unit Multifamily Project in Frisco

FRISCO, TEXAS — A partnership between Dallas-based developer Rosewood Property Co. and MetLife Investment Management has broken ground on Penrose, a 382-unit multifamily project located within the Frisco Southstone Yards mixed-use development. Information on floor plans was not announced. Penrose will feature amenities such as a pool, clubhouse, fitness center, coworking space, wellness space, golf simulator and a covered outdoor lounge. The Pen…Read Article

Cushman & Wakefield Brokers Sale of 258,846 SF Industrial Park in East Fort Worth

FORT WORTH, TEXAS — Cushman & Wakefield has brokered the sale of Midway Business Park, a 258,846-square-foot industrial park in East Fort Worth. Midway Business Park comprises 12 shallow-bay buildings that were constructed between 1973 and 1990 and that range in size from 2,000 to 40,000 square feet and feature a mix of front-load, cross-dock and rear-load configurations. The property was 91 percent leased to 29 tenants at the time of sale. Jim …Fort Worth · Fort Worth Read Article

Legacy Partners, Resmark Begin Leasing 134-Unit Build-to-Rent Project in Aubrey, Texas

AUBREY, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager The Resmark Cos., has begun leasing Adair, a 134-unit build-to-rent residential project in Aubrey, located in Denton County. Designed by Architecture Demarest and built by Blackland Partners, the development offers one-, two- and three-bedroom homes that range in size from 770 to 1,625 square feet. Amenities include a pool, fitness …Aubrey · Aubrey Read Article

JLL Arranges $123M in Construction Financing for Brooklyn Multifamily Project

NEW YORK CITY — JLL has arranged $123 million in construction financing for a 158-unit multifamily project that will be located at 450 Union St. in the Gowanus area of Brooklyn. The financing consists of a $90 million loan from Bank Hapoalim and IDB Bank and a $33 million equity investment from Global Holdings Management Group. Known as Anagram Gowanus, the 20-story building will house 118 market-rate apartments and 40 affordable housing units i…New York State · New York Read Article

Capstone, Tufts University Break Ground on 664-Bed Residence Hall in Metro Boston

MEDFORD, MASS. — A public-private partnership between Capstone Development Partners and Tufts University has broken ground on a 664-bed residence hall on the university’s campus in Medford, located north of Boston. The site is situated along the edge of campus adjacent to the Medford/Tufts Green Line public transportation station and previously housed a surface level parking lot. The complex will span 271,000 square feet across two 10-story buil…Medford, Massachusetts · Medford Read Article

Jefferson Apartment Group Completes 500-Unit Project in Burlington, New Jersey

BURLINGTON, N.J. — Jefferson Apartment Group, a developer based in Northern Virginia, has completed J Centra, a 500-unit multifamily project located in the Southern New Jersey community of Burlington. The property comprises 20 buildings on a 46-acre site that house 452 apartments in one-, two- and three-bedroom floor plans, as well as 48 townhouse-style units with garages. Residences, 20 percent of which are designated as affordable housing, are…Burlington, New Jersey · Burlington Read Article

WeWork to Open 60,000 SF Coworking Space at 250 Broadway in Lower Manhattan

NEW YORK CITY — WeWork will open a 60,000-square-foot coworking space at 250 Broadway in Lower Manhattan. The space will encompass five of the 648,000-square-foot building’s 31 floors. Peter Riguardi, Clark Finney, Alexander Riguardi and Dana Goldman of JLL represented WeWork in the lease negotiations in conjunction with two of the company’s real estate leaders, Peter Greenspan and Whitney Anderson. Brad Gerla, Michael Rizzo and Alex Benisatto o…New York State · New York Read Article

Pilgrim’s to Invest $400M for Prepared Foods Facility in Northwest Georgia, Create 630 Jobs

LAFAYETTE, GA. — Pilgrim’s, a global food company primarily known for producing and processing chicken and pork, will invest $400 million for the construction of a new prepared foods facility located in the northwestern corner of Georgia in LaFayette, about 30 miles south of Chattanooga, Tenn. Situated within Walker County Business Park, the multi-phase development is expected to create more than 630 new jobs at full capacity. The project is sch…LaFayette, Georgia · LaFayette Read Article

Hackensack Meridian Signs 50,000 SF Office Lease in Red Bank, New Jersey

RED BANK, N.J. — Regional healthcare provider Hackensack Meridian Health has signed a 50,000-square-foot office lease in Red Bank, located near the Jersey Shore. The space is located within River Centre, a six-building, 668,107-square-foot campus. Jamie Drummond , Andrew Perrotti and Luke Reid of Newmark represented the landlord, Paramount Realty, in the lease negotiations. Suzanne Macnow of CBRE represented Hackensack Meridian. The post Hackens…Red Bank, New Jersey · Red Bank Read Article

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