Dees C. Stribling

Schaumburg

Contributing Editor at Commercial Property Executive

Contributing Editor at Multi-Housing News

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Articles

McCraney Lands $55M to Finance Industrial Portfolio

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

McCraney Property Co. has obtained $55 million in financing for a three-property industrial portfolio in the Southeastern U.S. totaling 665,810 square feet. JLL secured the three loans for the borrower.
Christopher Todd Capital Acquires Texas BTR Communities

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

Christopher Todd Capital has purchased Avilla Parkway and Avilla Reserve, two build-to-rent communities totaling 335 houses in the greater Dallas-Fort-Worth. Their developer, NexMetro Communities, sold the properties. The buyer declined to disclose the price for either asset. The Arizona-based investor is rebranding both communities following the acquisition. The 108-unit Avilla Parkway, located at 3420 S. Dallas Pkwy. in the suburb of Celina will become Christopher Todd Neighborhoods Celina Park.
Apollo Takes 100 KSF at Manhattan High-Rise

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

Apollo Global Management has finalized its lease for 100,000 square feet of office space at 590 Madison Ave. in Manhattan, the Commercial Observer first reported. The private equity giant will occupy the building’s 10th to 13th floors. Apollo is expected to move into the building by the end of 2026. The building’s management, Edward J. Minskoff Equities, did not divulge the lease term for the new tenant. CBRE represented both parties in the transaction, alongside Edward J.
Suburban Orlando Apartments Win $23M Refi

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

Multifamily landlord Advenir has obtained about $23.16 million in refinancing for Advenir at Magnolia, a 272-unit, garden-style community in Fern Park, Fla., an unincorporated northern suburb of Orlando. Berkadia originated the loan, which was issued by Freddie Mac. The five-year, fixed-rate loan has an extended interest-only period and a 60 percent loan-to-value ratio. Berkadia Miami senior managing director Charles J.
$2B Data Center Project Moves Forward in Fort Worth

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

The Fort Worth city council has voted to provide tax incentives for a Spanish developer planning a five-building, two-phase data center project on 107 acres near Hicks Field Road in the northern part of the city. The developer is Madrid-based ACS, working through its U.S. subsidiary, Turner Construction Co.The first phase is slated for completion by the end of 2031, with a second phase to be finished by the end of 2034.
Adam Neumann's Flow Obtains $155M to Finish Miami Condos

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

Flow, the multifamily developer and landlord founded by former WeWork boss Adam Neumann, has obtained $155 million to complete Flow House, a 40-story 466-unit development near downtown Miami. With development concluding, the apartments at 697 North Miami Ave will be converted to condominiums; they was originally slated to be rentals.
Lightstone Buys North Carolina Industrial Portfolio

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

Lightstone has acquired a five-building, 652,647-square-foot industrial portfolio in Charlotte, N.C., and Raleigh-Durham, N.C. The seller was LM Real Estate Partners, which owns about 4 million square feet of industrial space. The deal represents a near-term opportunity for the buyer to lease the space at higher rents than what tenants are currently paying.
Related Completes Latest Phase of Miami Redevelopment

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

A rendering of Liberty Square Phase IV, which started construction in late 2022. Image courtesy of the Related GroupRelated Urban Development Group and Miami-Dade County have completed construction of Serenity at Liberty Square, the fourth installment of a nine-phase redevelopment of the site of the Liberty Square community in Miami. The three-building, mixed-use project brings 193 affordable housing units to market in the Liberty City neighborhood after more than two years in development.
DSV Eyes 905 KSF Laredo Facility

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

By Dees Stribling April 7, 2025 DevelopmentIndustrialNewsSouthwest Cross-border trade gained ground again in 2024. DSV’s U.S. footprint also includes a leased warehouse at 300 Salt Meadow Road in Carteret, N.J. Image courtesy of Crow Holdings Danish logistics giant DSV is preparing to start work on a 905,000-square-foot distribution center in Laredo, Texas, according to documents filed with the city. The property will rise on 49 acres in Port Grande, the 1,992-acre master-planned campus...
Tricon Completes Texas Single-Family Rentals

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

Demand for rental homes is still strong in both Houston and Dallas, according to the developer. Tricon Trinity Falls in McKinney, Texas, a north DFW suburb. Photo courtesy of Tricon ResidentialTricon Residential, a subsidiary of Blackstone Real Estate, has opened two new build-to-rent communities of single-family rental homes in Texas: Tricon Trinity Falls in the Dallas-Fort Worth area and Tricon Peek Road in the Houston metro.