Brian Lee

2 months ago | globest.com | Kristen Smithberg |Philippa Maister |Anthony Russo |Brian Lee

An internal document from the General Services Administration (GSA), which manages the government’s real estate assets, lists dozens of federal office buildings and building leases slated to end by June 30, according to an Associated Press report. Some agencies are appealing to DOGE to exempt specific buildings, the report said.

2 months ago | globest.com | Philippa Maister |Kristen Smithberg |Anthony Russo |Brian Lee

Special Report Instant Insights Falcon Edit Post Analysis Early indications are that demand is weakening as absorption drivers are slowing By Philippa Maister | March 17, 2025 at 05:16 AM Uncertainty is the name of the game for the multifamily market as it faces the possibility of deteriorating rent growth in high-supply markets, the potential consequences of mass layoffs by the federal government, and tariffs that could trigger inflation and keep short-term interest rates high. Even if...

2 months ago | globest.com | Anthony Russo |Brian Lee |Kidder Mathews |Erika Morphy

As part of the deal, the developer will fully take over the 750-unit asset by executing a buying out of its equity partner, J.P. Morgan Asset Management. In addition, the acquisition is backed by a $62.5 million preferred equity from Meadow Partners. Walker & Dunlop advised Steiner, arranged Meadow's stake, and the financing for the recap. JLL brokered the transaction on behalf of the seller, which consists of the joint venture between Steiner and J.P. Morgan.

2 months ago | globest.com | Brian Lee |Kidder Mathews |Anthony Russo |Erika Morphy

Industrial real estate finds itself in an unusual position: Lease rates are decreasing while occupancy grows.Meanwhile, onshoring moves may rise due to tariffs and Apple’s recent $500 billion commitment over the next four years. This is not exactly routine territory for even the most experienced commercial real estate professional, but the experts at Kidder Mathews are cutting through the noise. What’s in store for the industrial market as 2025 warms up?

Dec 9, 2024 | globest.com | Natalie Dolce |Mario Marroquin |Brian Lee |Erik Sherman

Grover Corlew, a real estate investment management group focused on acquiring, transforming and managing office, multifamily and retail properties across the southeastern U.S., has refinanced the 355-unit Mayla Pompano multifamily residence for $114.4 million through lender Fannie Mae. According to Anuj Grover, partner at Grover Corlew, the refinancing is part of a broader strategic initiative to strengthen the firm's investment portfolio and maximize long-term growth.