Northeast

The first of the VIA Centers broke ground at the Wellpoint Community at Hampton Cove in Huntsville, AL with immediate plans for three additional communities in Tennessee, Florida and New England.

JLL advised the borrower on the refinancing of the existing construction financing on the property.

Freddie Mac forecasts that multifamily originations will grow to $336 billion in 2019.

“A break-up strategy allows for new and unseasoned investors or buyers to purchase a single tenant asset as a part of a larger successful shopping center that they probably couldn’t afford as one large investment.”

CBRE, which brokered the transaction, reports the 75,000-square-foot medical office building was sold by the Eye Institute of New Jersey to a private investor.

The property is being sold by Marshall Florida Investments, which is led by Rick Marshall, and is expected to close within 73 days.

According to one panelist who will speak at the upcoming CREW Network Convention, three opportunities include: big data and artificial intelligence; sustainability as a driver of innovation; and tenant experience.

A new report shows that Phoenix is a top market for new and expanding industrial users.