CBRE has hired Brannan Knott as executive vice president of its Boston office. Knott, a professional with over 15 years in healthcare real estate, brings a wealth of experience in investment sales, equity placement, debt financing, and portfolio recapitalization. His career includes over $10 billion in healthcare real estate transactions, with a focus on outpatient …
Rafi Properties, the owner and operator of Somernova, an innovation campus in Somerville, MA., announced that Sublime Systems will expand its headquarters on the campus. Sublime, a developer of a fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete, will add more than 23,000 square feet of space for their pilot facility and R&D lab, …
Ruppert Properties has finalized a new lease agreement with Engage USA for 40,000 square feet at 200 Monroe Avenue in Frederick, MD. Engage USA, a database management company specializing in fundraising campaigns, will utilize this space to enhance its production capabilities. “We are so excited to be joining the Monroe Avenue community and are really …
CREC Real Estate, a private equity real estate investment firm, has completed the sale of Orchard Meadows Apartments, a 240-unit multifamily community in Ellicott City, Maryland. Terms of the transaction were not disclosed. The sale marks the third divestiture of the seven real estate investments made by the fund. CREC acquired Orchard Meadows in 2018 …
Bain Capital Real Estate and Cherry Tree Capital Partners have formed BCT Development, a strategic joint venture focused on the ground-up development of rental townhome communities throughout Southern California. The JV intends to deploy several hundred million dollars of gross capital over the next several years. BCT Development will initially focus on acquiring, entitling and …
Commercial and multifamily mortgage loan originations were off 25% year-over-year in the fourth quarter of 2023 compared to a year earlier, and were up 13% from Q3 2023, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The latest survey was released at MBA’s 2024 Commercial/Multifamily Finance Convention and Expo. Decreases …
