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Connecticut Medical Building Sells for $19.1 Million

Connecticut Medical Building Sells for $19.1 Million

by Phil Hall | Nov 20, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Holly Pond Plaza, a 73,060-square-foot outpatient medical building in Stamford, Connecticut, was sold for $19.1 million. Built in 1981, the four-floor property is 100% leased to three medical tenants, with Summit Health (Walgreens Boots Alliance) occupying roughly...
CBRE Forecasts Stronger Hotel Industry Performance in Q4

CBRE Forecasts Stronger Hotel Industry Performance in Q4

by Phil Hall | Nov 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A new forecast from CBRE (NYSE: CBRE) is predicting a greater vibrancy for the US hotel industry in the fourth quarter following a subdued third quarter. CBRE is predicting a 0.5% increase in revenue per available room (RevPAR) growth for 2024, down from the...
70,680 SF Industrial Property in New Jersey Sells for $20.9 Million

70,680 SF Industrial Property in New Jersey Sells for $20.9 Million

by Phil Hall | Nov 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dora’s Naturals, a distributor of natural and organic perishable products, has acquired a 70,680-square-foot industrial property in Moonachie, New Jersey, from KBC Advisors for $20.9 million. Built in 1985 on a 3.47-acre parcel, the property is accessible to Routes...
Phillips Edison & Company Acquires Connecticut Shopping Center

Phillips Edison & Company Acquires Connecticut Shopping Center

by Phil Hall | Oct 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bethel Shopping Center, a 101,2050-square-foot retail plaza in Bethel, Connecticut, was sold to the real estate investment trust Phillips Edison & Company (NASDAQ: PECO). The property is 91% leased and anchored by Big Y Supermarket, Starbucks and Dollar Tree;...
AOG Living Begins Construction on 147-Unit Active Adult Community in Texas

AOG Living Begins Construction on 147-Unit Active Adult Community in Texas

by Phil Hall | Oct 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

AOG Living, multifamily real estate investment, construction, and property management firm headquartered in Houston, has broken ground on Novum Plano, a new active adult community in Plano, Texas. Developed by AOG Living and financed by CRBE, the new community will...
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