Although the federal funds rate has remained the same since the third quarter of 2023, dollar stores’ average cap rate increased from 6.34% to 6.51% during Q3, or 17 basis points, B+E reports. This rise is well aligned with market norms, as sellers recalibrate pricing to facilitate financing access and keep pace with Federal Reserve …

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Cityview, a multifamily investment management and development firm, unveiled the name of its 378-unit Opportunity Zone project in Oakland as Portico. Slated to complete this month, the project is designed to meet LEED Silver standards and is located in Brooklyn Basin’s master-planned community. The eight-story project will feature a mix of studio, one-, two- and three-bedroom …

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El Segundo-based Beta Agency has completed the sale of a Rally’s fast-food restaurant in Porterville. Adam Friedlander, SVP of Beta, represented both the seller and buyer of the 30,056-square-foot property located at 1230 W. Henderson Ave. The sale price was $2,030,000. Rally’s has been an established presence at this location since 2013. Four-and-a-half years remain …

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Shoreham Capital, in partnership with Bridge Investment Group and Wynkoop Financial, has broken ground on Siesta Lakes, a 412-unit Class-A rental community in Cape Coral, Florida. The team secured a $66 million construction loan for the project, which is expected to cost $120 million to build. The group paid $11.5 million for the 26-acre property, …

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LaTerra Development has joined forces with experienced Opportunity Zone investor Revitate to break ground on Bedrock, a new Build-to-Rent community in Albuquerque. Revitate has led or co-led over 15 opportunity zone projects in excess of $1.4 billion in project value. The project investment on Bedrock is expected to be over $100 million. As New Mexico’s largest residential …

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Marcus & Millichap finalized the sale of a 0.16-acre parcel of land located in San Diego. The asset sold for $1,600,000.  Aaron Bove, senior managing director investments in Marcus & Millichap’s San Diego Del Mar office, marketed the property on behalf of the seller, 3971 Georgia Avenue San Diego LLC. The buyer, RD Dev Properties LLC, was procured by Bove and Jared Wallach, investment specialists in …

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