Foulger Pratt was the sponsor for a trio of investors that purchased The Belgard, a 346-unit apartment building just south of New York Avenue.
The projects are often up against multiple challenges, including zoning and picky neighbors, but they can be attractive for the right owners.
The blocklong site could be rezoned for a development larger than 1M SF.
CBRE, JLL, Cushman & Wakefield and Colliers all saw leasing revenue climb in the first quarter as investors continue to wait on the sidelines for rate cuts.
The new development team is expected to add retail, restaurants, apartments and offices on the parking lot surrounding the arena and convention center.
The biggest sales, leases, loans and more from the week in South Florida commercial real estate.
Some believe interest rate cuts will lead to a flurry of transactions and inject new vigor into an already healthy medical CRE market.
A resurgence for Downtown LA is on many holiday wishlists in the CRE community this year.
Artificial intelligence companies made up about 15% of the leasing activity in San Francisco.
JBG and CBRE's investment arm bought the 232K SF office property at 1055 Thomas Jefferson St. NW in 2014 with a loan from JPMorgan Chase.
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