Dees C. Stribling

Schaumburg

Contributing Editor at Commercial Property Executive

Contributing Editor at Multi-Housing News

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Articles

Legacy Partners JV Breaks Ground on Metro Phoenix Project

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

The community will be built in multiple phases. Olea Scottsdale, Legacy Partners and DWS’ project in suburban Phoenix. Image courtesy of Legacy PartnersReal estate firm Legacy Partners and joint venture partner DWS have started construction on Olea Scottsdale, a 433-unit apartment community in Scottsdale, Ariz. The development will be completed in multiple phases through 2027.
Fed Waits on Interest Rate Cuts

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

By Dees Stribling June 18, 2025 FinanceNationalNews The central bank continues to leave the door open for adjustments later this year. The Federal Reserve has again declined to adjust the benchmark federal funds rate, the central bank announced on Wednesday. The range of the rate will remain at 4.25 percent to 4.5 percent, where it has been since December, the central bank announced on Wednesday following the meeting of the Federal Open Market Committee. Federal Reserve Chair Jerome Powell...
Wood Partners Begins Apartments in Durham, NC

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

A rendering of Alta Bethpage, Wood Partners’ tenth development to be located in the Raleigh-Durham area. Image courtesy of Wood PartnersWood Partners has broken ground on Alta Bethpage, a 336-unit multifamily community located in Durham, N.C. The project will be completed in the first quarter of 2027. The development will offer a mix of one-, two- and three-bedroom units. Common-area amenities will include a pool, clubhouse, two dog parks and a pet spa.
Bronx Public Housing Receives $231M for Full Renovation

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

Eastchester Gardens, one of the city oldest public housing communities. Image courtesy of Linda Pedroso PhotographyThe New York City Housing Authority, working through the Permanent Affordability Commitment Together (PACT) program, has obtained $231 million in financing for the renovation of Eastchester Gardens, a 877-unit public housing property in the Bronx.
Related Beal Tops Out Boston Life Science Project

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

By Dees Stribling June 12, 2025 DevelopmentBostonNewsNortheastOffice A pharmaceutical company will occupy the space, becoming the area’s largest biotech firm by square footage. Related Beal has topped out Leiden Center II at Innovation Square, a 345,000-square-foot life science development in Raymond L. Flynn Marine Park in Boston. The property will be fully occupied by Vertex Pharmaceuticals upon completion in early 2027. Jeffrey Leiden Center for Cell and Genetic Therapies. Image courtesy...
CPP and Beacon Communities Acquire New Haven Affordable Housing Property

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

Brewery Square Apartments, a historic community that will see more than $40 million in renovations. Image courtesy of CPP and Beacon CommunitiesA joint venture between Community Preservation Partners and Beacon Communities has acquired Brewery Square Apartments in New Haven, Conn., making a total investment of about $43 million. That figure includes plans for extensive renovation to the two-building, 104-unit property that originally dates back to 1896.
Office Conversions, Demolitions Outpace New Construction

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

By Dees Stribling June 11, 2025 DevelopmentFeaturedNationalNewsOffice Activity varies widely by market, according to CBRE’s latest report. Jessica Morin, U.S. Office Thought Leadership Research Director, CBRE. Image courtesy of CBRE The amount of U.S. office space poised to disappear—either through demolition or conversion—will far exceed the amount of office space that will come online in 2025, according to a CBRE report. That’s a reversal from before the pandemic, when new construction far...
Walmart Signs Record Bay Area Deal

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

By Dees Stribling June 10, 2025 BrokerageNewsOfficeSan JoseWest This is the largest office lease in Silicon Valley since 2023. The four-building Tech Corners campus came online between 2001 and 2014. Image courtesy of Newmark The e-commerce division of Walmart has inked a 338,307-square-foot lease at Tech Corners, a 957,204-square-foot office campus in Sunnyvale, Calif. The lease is the largest one in Silicon Valley in about two years, according to Newmark, which represented owner Jay Paul...
100 Launches Anti-Fraud Initiative

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

Image by Papisut/stock.adobe.comMultifamily software platform 100 has launched 100x, an initiative whose goal is to inform the industry about fraud directed at landlords, and encourage stakeholders to take further steps to fight it. Participants in the initiative include identity verification and fintech executives, as well as multifamily operators and owners.
Vantage Obtains $5B for Data Center Development

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

By Dees Stribling June 4, 2025 Data CentersColumbusDevelopmentFinanceMidwestNews Nearly half of the total will go toward building a 1.5 million-square-foot campus. At full build-out, Vantage’s OH1 will comprise three data centers totaling 1.5 million square feet. Image courtesy of Vantage Data Centers Vantage Data Centers has received $5 billion in financing to further its expansion in the sector. Some $2.25 billion will fund the development of the firm’s campus in New Albany, Ohio, while the...