The Feil Organization has secured a $23.5 million refinancing for Home Depot Shopping Center in Elmont, NY, from Principal Asset Management.   Situated at 600 Hempstead Turnpike off the Cross Island Parkway, the Home Depot Shopping Center spans 269,490 square feet. With a 100% lease occupancy, the retail center features major tenants such as Home …

The post Feil Lands $24M Refi for Elmont Home Depot Shopping Center   appeared first on Connect CRE.

Subtext, an integrated real estate development company, has launched a new acquisitions vertical. The company has also appointed Mike Hung to spearhead the initiative as Partner & Executive Vice President of Acquisitions. Based in Charlotte, North Carolina, Hung brings 15 years of experience in the real estate sector, and he has transacted on over $1 billion of …

The post Subtext Launches Acquisitions Vertical, Appoints Mike Hung as EVP appeared first on Connect CRE.

Single-tenant net lease cap rates increased in the fourth quarter of 2023 for the seventh consecutive quarter to 6.58%, a seven-basis point increase compared to Q3, The Boulder Group reported. By sector, the increases were eight bps to 6.35% for retail, 14 bps to 7.55% for office and four bps to 7.00% for industrial. “Cap …

The post Net Lease Cap Rates Post Seventh Consecutive Quarterly Increase appeared first on Connect CRE.

BWE, a Cleveland-based national commercial and multifamily mortgage banking company, closed four financings totaling over $26 million to refinance, build, and preserve four seniors and affordable housing properties in California, Massachusetts, Ohio, and Florida. “With the backing of BWE’s comprehensive suite of capital solutions for seniors housing, we always strive to find the best execution …

The post BWE Secures $26M for Senior, Affordable Housing Across the U.S. appeared first on Connect CRE.

Blue Moon Capital Partners has acquired Residence at Valley Farm, a senior living community owned by Bridge Investment Group and LCB Senior Living, LLC. Blue Moon retained LCB as the operating manager. The Residence at Valley Farm, located in Ashland, Massachusetts, is a Class A assisted living community with 80 units on a 2.88-acre site. …

The post The Residence at Valley Farm in MA Changes Hands  appeared first on Connect CRE.

Skanska has completed the restoration and expansion of the historic Alderman Library at the University of Virginia in Charlottesville, VA. The project involved historically rehabilitating 100,000 square feet of the main library, originally built in 1938, and constructing a new six-story, 130,000-square-foot concrete addition.   Key enhancements include a new north entrance facing University Avenue, …

The post Skanska Completes UVA Alderman Library Renovation  appeared first on Connect CRE.