Richard Berger

Virginia

Contributor at Commercial Property Executive

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Articles

Top HQ Relocation Trends

2 days ago | commercialsearch.com | Richard Berger

By Richard Berger May 13, 2025 OfficeCorporate Real EstateNationalNews What’s been driving these corporate strategies in recent years, according to CBRE’s latest report. Business climate and tax rates are the top reasons for U.S. companies across many industries to relocate their headquarters as part of their corporate strategy, according to CBRE’s Americas Consulting research. The group based its findings on approximately 500 publicly announced headquarters relocations between 2018 and 2023,...
BKM Capital, Kayne Anderson Forge $1.5B Partnership

1 week ago | commercialsearch.com | Richard Berger

By Richard Berger May 6, 2025 IndustrialInvestmentNationalNews The joint venture will focus on middle-market light industrial assets. BKM Capital Partners and Kayne Anderson Real Estate launched a $1.5 billion joint venture targeting value-add light industrial real estate opportunities in middle-market areas. Kyrene CommercePlex comprises five light industrial buildings totaling more 300,000 square feet. Image courtesy of CommercialEdge BKM Capital’s small-bay light industrial strategy is...
CRE’s New Money Movers

1 week ago | commercialsearch.com | Richard Berger

By Richard Berger May 5, 2025 InvestmentFeaturedIndustrialNationalNewsOfficeRetail How private wealth is reshaping the sector’s investment arena, according to JLL’s latest report. Private wealth investors have become a remarkable source in global commercial real estate, with more than $600 billion put into U.S. commercial real estate through direct deals from 2013 to 2024, making it one of the fastest-growing segments, according to a new report from JLL. That represents 40 percent of the more...
Thompson Thrift Breaks Ground on $225M Mixed-Use Project

1 week ago | commercialsearch.com | Richard Berger

By Richard Berger May 2, 2025 DevelopmentMixed UseNewsPhoenixRetailWest Plans call for a mix of retail, restaurant, hotel and multifamily space. Thompson Thrift broke ground late last month on The Gilmore, a 35-acre mixed-use development in the Phoenix suburb of Gilbert, Ariz. A rendering of The Residences at Gilmore, the mixed-use project’s multifamily component. Image courtesy of Thompson Thrift The Gilmore will include roughly 200,000 square feet of grocery, retail and restaurant space, a...
WNC’s Latest California Housing Fund Closes

2 weeks ago | multihousingnews.com | Richard Berger

Christine Cormier, WNC’s executive vice president of investor relations. Image courtesy of WNC & AssociatesWNC & Associates has closed on WNC Institutional Tax Credit Fund X California Series 22, L.P., a $119 million equity fund intended invest in limited liability companies and partnerships that own and build affordable housing in Southern California. So far, CA22 has invested in seven properties totaling 693 units located in areas with specific resident needs.
How Tariffs Impact Retail Foot Traffic

2 weeks ago | commercialsearch.com | Richard Berger

By Richard Berger April 30, 2025 RetailFeaturedNationalNews Experts weigh in on the forces behind the latest changes in consumer behavior. Retail shopping foot traffic hasn’t just recovered, it’s accelerating, according to recent data for April from pass_by. The ongoing news about import tariffs is a factor, according to the survey firm. Not all agree. Some point to the Easter holiday, the 3.6 percent rise in income tax rebates this spring, and Wall Street chatter that is louder than that...
CSC to Convert Midtown Office Tower to Mixed-Use Property

2 weeks ago | multihousingnews.com | Richard Berger

300 East 42nd Street, the site of the redevelopment into a 135-unit apartment community. Photo courtesy of Yardi MatrixCSC has taken out a $45 million senior first-mortgage loan to acquire and redevelop 300 East 42nd Street, an 18-story, 235,000-square-foot office building located in Manhattan’s Midtown East neighborhood. The new owner will convert the office building into a mixed-use property that will include 135 apartments.
Turnbridge Pays $92M for New Jersey Industrial Asset

2 weeks ago | commercialsearch.com | Richard Berger

By Richard Berger April 29, 2025 IndustrialInvestmentNew YorkNewsNortheast JLL arranged a $80 million acquisition loan. Waitex International has owned the property at 169 Pulaski St. for more than 21 years. Image courtesy of CommercialEdge Turnbridge Equities has purchased a 17.9-acre industrial property at 169 Pulaski St. in Bayonne, N.J., from Waitex International. The property changed hands for $91.5 million, according to Traded. In addition, the buyer financed the purchase with a $80.3...
Willton, 29th Street Acquire Apartments Outside DC

2 weeks ago | multihousingnews.com | Richard Berger

Following the purchase, the buyers assumed a $62 million loan from Fannie Mae.
Nuveen Sells Boston High-Rise for $227M

2 weeks ago | commercialsearch.com | Richard Berger

By Richard Berger April 24, 2025 InvestmentBostonFeaturedNewsNortheastOffice The deal reportedly comes with a steep discount. Synergy’s new high-rise, 99 High Street in Boston, was completed in 1971 and had some $24 million in capital improvements invested over the past decade. Image courtesy of Synergy Synergy has acquired 99 High Street, a 32-story Class A office tower in Boston’s Financial District, for $227 million from Nuveen. This is roughly $100 million below the property’s evaluation,...