News

Boston-based Plymouth Industrial REIT has acquired 1717 West Harvester Road, a 465,940-square-foot industrial facility in West Chicago from a large institutional investor.

The governor's budget supports more than $1.26 billion in direct property tax relief, which includes $276 million for the Homestead Benefit, as well as an increased property tax deduction cap and expanded Senior Freeze eligibility that the governor and legislature enacted in their previous budgets.

The property is 93% leased to 34 tenants, including Regal Cinemas, Hobby Lobby, Marshalls, Ross Dress for Less and Big Lots, which serve as anchor tenants.

The class-A, retail and multifamily property in Maryland was acquired by Foulger-Pratt, from Monument Realty.

Halpern Real Estate Ventures, a real estate investment platform focused on value creation in urban centers, has closed a $50 million commingled Opportunity Zone fund in partnership with General Partner Capital.

The Real Estate Executive Council, a professional trade association for executives of color in commercial real estate, has appointed Ken McIntyre, founder and managing principal of commercial real estate finance advisory firm PassPort Real Estate, LLC, as the new interim chief executive officer.