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Senior Housing Moves Downtown
A new senior housing building developed by Bridgewood Property and equity partner Harrison Street Capital at 1015 South Shepherd Drive, one of the housing communities the venture is developing. The quarter-acre development site on Kelvin Drive in Houston...

Innovative Industrial Properties Buys West Massachusetts Facility, Signs Holistic Industries to Extension
Innovative Industrial Properties has acquired Holistic Industries' 55,000-square-foot facility at 96 Palmer Rd. in Monson, MA, signing the organic medical cannabis company to a long-term extension in the process. Innovative (NYSE: IIPR), a leading...

Providence’s Industrial Market Showing Surprising Strength
Amazon’s 1 million-square-foot fulfillment facility at 1180 Innovation Way in Fall River, MA Providence’s industrial market is quite strong. And those who have followed the real estate market here for the longest might be the most surprised. Providence...

The Xchange at Bedford, Home to iRobot's Mission-Critical HQ, Sells for $107.8 Million
Jumbo Capital Management and Sound Mark Partners have teamed up to acquire The Xchange at Bedford in suburban Boston from The Davis Cos. for $107.75 million, or approximately $223 per square foot. The Xchange is a 482,662-square-foot, eight-building...

Longfellow Closes on $500 Million Life Science Real Estate Investment Fund
Jamie Peschel, Managing Partner of Longfellow Real Estate Partners. Photo credit: Longfellow Real Estate Partners Longfellow Real Estate Partners has closed Longfellow Strategic Value Fund, an investment vehicle with an initial equity capitalization...

Henley USA Adds 512 Units to Las Vegas Portfolio
Private equity shop Henley Investments continues to expand its joint venture with Tower 16 Capital Partners in Las Vegas, striking a deal to buy a large but dated Las Vegas apartment complex in an off-market transaction. Henley, a U.K. company whose...

Multifamily Investors Are Getting Used to 'Normal'
U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. "Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older and...

Sears Adds Another 10 Unprofitable Stores to September Closing List; Tally Now Stands at 78
The 100-store closing process for Sears and Kmart stores is moving into full throttle as parent company Sears Holdings announced late last week that 10 more would join the list of stores to be shuttered by September. As of now, 78 stores have been...

Student Housing: The New Safety Play for Major Real Estate Investors
Twelve at U District, an American Campus Communities property at 4535 12th Ave NE in Seattle. While the news that multifamily investor/operator Greystar and an affiliate of Blackstone planned to buy Education Realty Trust and its portfolio of off-campus...

CarGurus Leases Office Portion of New Mixed-Use Development in Cambridge
CarGurus, Inc., a Cambridge, MA-based global online automotive marketplace, is revving up its expansion efforts after signing a 15-year lease for the entirety of the office space at a new mixed-use development slated to deliver this summer at 121 First...

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