The loan will go toward finishing construction and leasing on the first tower and construction of the second tower.
Mayor Cherelle Parker's Market East revitalization committee has 62 members, including several Philadelphia real estate bigwigs.
Centerspace's board of trustees initiated a review of its strategic alternatives earlier this fall.
Macy's plans to accelerate its closure activity, raking in big money from store sales.
Mezzanine lending could become a pain point for distressed CRE lending next year.
Despite steady rent growth and one of the smallest construction pipelines in the U.S., Chicago multifamily needs institutional money to match its fundamentals.
The week's top deals include Revesco's Akin projects and Lumen's postponed Broomfield auction.
AT&T is reportedly requiring employees to return to office every day at the start of 2025, while Sweetgreen is pushing for four days.
Commercial real estate professionals can learn more about the future of Los Angeles's multifamily market at Bisnow's Multifamily CRE Summit on February 18.
Demand for office space in New York City saw trophy office space continue to fly off the market, while conversions saw millions of square feet taken offline.
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