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Slate Grocery REIT Buys $390M Grocery-Anchored Portfolio

Natalie Dolce |

The portfolio comprises 25 properties and 3.1 million square feet in major metro markets across the United States.

NAA Files Suit Against CDC Over Eviction Moratorium; Seeks Stay

Erika Morphy |

The National Apartment Association and the New Civil Liberties Alliance hope to have a hearing as soon as October.

News  

Kaiser Pulls the Plug on Oakland HQ Project

Lisa Brown |

Kaiser Permanente has canceled its $900 million 29-story headquarters project encompassing 1.6 million square feet, where it was planning to relocate approximately 7,000 employees from seven East Bay offices.

News  

17-Property Portfolio Gets $992M in Financing

Lisa Brown |

Financing to the tune of $991.77 million was arranged for a 17-property portfolio totaling more than 7 million square feet across major US markets on behalf of CalSTRS and its advisor, PCCP.

Features  

Barings and B&Z Break Ground on 701 Rio

Lisa Brown |

701 Rio’s location has connectivity for professionals and new companies in the Austin market, says John Ockerbloom, Barings’ head of US real estate equity.

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Amazon at Apollo Gets New JV Ownership

Lisa Brown |

Amazon at Apollo, a 12-story creative office building totaling 317,804 square feet that is leased to Amazon on a long-term basis, has recently sold to a joint venture between Tristar Capital LLC and RFR Holding.

News  

Combined Acquisitions of $305M Reflect MG’s Belief in the Pacific NW

Lisa Brown |

MG Properties Group acquired two multifamily communities, the Pallas Apartments in Beaverton, OR and the Tivalli Apartments in Lynnwood, WA, for a combined total of more than $305 million.

Governor Newsom Signs Rent Cap

Lisa Brown |

Statewide rent cap, AB 1482 by Assemblyman David Chiu, D-San Francisco, will place an annual 5% plus CPI cap on rent increases and create new standards for evictions across California.

News  

Newsom Expects to Sign Rent Cap

Lisa Brown |

Assembly members voted 46-22 to limit annual rent increases at 5% plus inflation until 2030 but would not apply to housing built in the last 15 years, single-family homes not owned by corporations/trusts and duplexes where the owner lives in one unit.

News  

ShopOne Sheds Midwest Shopping Centers to Albanese Cormier Holdings

Natalie Dolce |

The REIT plans to use proceeds from the nine centers to advance strategy of acquiring shopping centers located in the top-50 MSAs.