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LOS ANGELES—The two-building flex portfolio marks the third transaction with Brennan Investment Group; RealtyMogul.com CEO Jilliene Helman cites Brennan's "extensive experience investing in industrial properties."
WASHINGTON, DC—Fortress and Goldman Sachs win Fannie Mae's latest non-performing loan portfolio. Newly-merged Anchor Health Properties has 1.5 million square feet in managed properties in its portfolio. JLL tallies up the leases it can bid as one of the nine winners of GSA Leasing Support Services contracts.
SAN FRANCISCO—Soaring effective rents and home prices have builders eager to bring multi-family projects to market, as completions for 2016 are expected to reach nearly 6,000 rentals, with the bulk delivered in the SoMa and South San Mateo submarkets.
CHICAGO—Habitat manages other Chicago-area IHDA-financed communities, including Elm Street Plaza and Asbury Plaza, and is currently the largest property manager for the Chicago Housing Authority.
CHICAGO–The Chicago region's recovery, at least from the user standpoint, has only been underway for about 18 months, unlike coastal markets, where a recovery took hold about six years ago.
NEW YORK CITY—The drop in both the number and size of CMBS loans transferring to special servicing occurs as the delinquency rate continues its gradual decline, says Fitch Ratings.