Dees C. Stribling

Schaumburg

Contributing Editor at Commercial Property Executive

Contributing Editor at Multi-Housing News

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Articles

Roche Eyes $550M Indianapolis Expansion

2 days ago | commercialsearch.com | Dees C. Stribling

By Dees Stribling May 13, 2025 DevelopmentIndianapolisMidwestNewsOffice The new manufacturing facility is expected to become operational by 2030. Roche’s Indianapolis manufacturing expansion is set to become operational by 2030. Image courtesy of Roche Swiss health-care giant Roche has unveiled plans to invest as much as $550 million to expand its Diagnostics campus in Indianapolis by 2030. The site is to become a hub for the manufacture of continuous glucose monitoring systems. In April,...
McGrath Finishes Houston Multifamily

3 days ago | multihousingnews.com | Dees C. Stribling

Artistry Design District, a new development in Houston. Image courtesy McGrath Real Estate PartnersMcGrath Real Estate Partners has completed a 400-unit multifamily development in Houston called Artistry Design District. The four-story property rises in Houston’s Design District, which is north of Memorial Park and I-10. The development offers studio units, one-, and two-bedroom units with nine- to 10-foot ceilings.
Invesco's REIT Closes $1.2B CLO

6 days ago | commercialsearch.com | Dees C. Stribling

By Dees Stribling May 9, 2025 FinanceIndustrialInvestmentNationalNews The move represents the firm’s very first commercial real estate collateralized loan obligation, as well as the largest CRE CLO in the U.S. in the last three years. Invesco Commercial Real Estate Finance Trust, a REIT that specializes in owning and trading loans secured primarily by North American real estate, has closed its first commercial real estate collateralized loan obligation, called INCREF 2025-FL1. Charlie Rose,...
Brookfield Asset Management Brings Real Estate Fund to $16B

1 week ago | commercialsearch.com | Dees C. Stribling

By Dees Stribling May 7, 2025 InvestmentFeaturedIndustrialNationalNews The company is capitalizing on long-term trends by acquiring distressed properties. Brookfield Asset Management has raised $7.1 billion of capital in the first quarter of 2025 for real estate plays, including $5.9 billion for the fifth vintage of its real estate flagship fund, bringing the total strategy size to about $16 billion. That is now set to be the largest real estate strategy BAM ever raised. Brewster Creek...
Florida Student Housing Asset Receives $97M in Financing

1 week ago | multihousingnews.com | Dees C. Stribling

The property finished construction amid a period of high demand and enrollment growth at a nearby university. Apella on Newport, a student housing community near the University of Tampa. Photo courtesy of JLLCommercial Street Partners has obtained approximately $97.4 million in financing for Apella on Newport, a 576-bed student housing community in Tampa, Fla.
Kimberly-Clark Eyes 1 MSF Ohio Factory

1 week ago | commercialsearch.com | Dees C. Stribling

By Dees Stribling May 5, 2025 DevelopmentIndustrialMidwestNews The development is part of a $2 billion investment plan. When complete, Kimberly-Clark’s manufacturing facility will total more than 1 million square feet. Image courtesy of Kimberly-Clark Kimberly-Clark Corp. intends to invest $2 billion in two major facilities in the U.S. over the next five years, including a new advanced manufacturing facility in Warren, Ohio. Plans also call for the expansion of an automated distribution...
NYC Partners Obtain Financing to Develop 1,000 Apartments in Gowanus

1 week ago | multihousingnews.com | Dees C. Stribling

The site at 175 Third St., which will see the construction of 1,000 multifamily units. Image courtesy of RFRA joint venture between Charney Cos. and Tavros has obtained funding to acquire 175 Third St., the site of a planned fourth building in their jointly developed Gowanus Wharf project in Brooklyn. The project will include four multifamily communities, as well as retail and entertainment spaces. Once completed, this will be the largest building in Gowanus.
Deloitte Takes 800K SF at Hudson Yards

1 week ago | commercialsearch.com | Dees C. Stribling

By Dees Stribling May 1, 2025 OfficeBrokerageDevelopmentNew YorkNews The accounting giant will move from 30 Rock in about four years. Jeff Blau, CEO of Related Cos., which is co-developing 70 Hudson Yards with Oxford Properties Group. Big Four accounting firm Deloitte has inked a deal to move its North American headquarters to 70 Hudson Yards, a 1.1 million-square-foot tower that is part of the Hudson Yards megaproject in Manhattan. Construction is about to start on 70 Hudson Yards for a...
Workforce Housing Finance: It Takes a Village

2 weeks ago | multihousingnews.com | Dees C. Stribling

Rents at Cabana Kyrene, the first workforce multifamily property built in the South Tempe, Ariz., area, rents will be for residents earning between 60 to 100 percent of the Area Median Income. Photo courtesy of Greenlight CommunitiesThe U.S. housing shortage isn’t just squeezing very low- and low-income households. Middle-income households are feeling the pain as well, but there’s less financial support for those residents and the developers who want to serve them.
Altus Snaps Up 1,200-Unit Apartment Portfolio in West Texas

2 weeks ago | multihousingnews.com | Dees C. Stribling

Woodview, a 232-unit community located in Odessa that traded as part of the portfolio sale. Image courtesy of Yardi MatrixAltus Equity Group has acquired the Odessa Multifamily Portfolio, a six-property, 1,225-unit collection of multifamily communities located in the greater Midland-Odessa market of West Texas. Altus partnered for part of the deal with Wellings Capital. A purchase price was not disclosed.