Connect Commercial Real Estate

Your go-to resource for the latest updates on commercial real estate (CRE) deals and developments. Keep up-to-date with important national, regional, and property-specific news that impacts your business.

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SRS Real Estate Partners Arranges Ground Lease Sale of Wawa Property Near Philadelphia

1 week ago | connectcre.com | Jasmine Kilman

Washington DC & Mid-Atlantic + Philadelphia + Retail | SRS Real Estate Partners announced the $6.06 million ground lease sale of a Wawa property located at 100 Egg Harbor Road in Washington Township in Gloucester County, New Jersey. Built in 2024, the 5,585-square-foot property is situated on 2.61 acres and has a 20-year corporate-guaranteed lease in place. SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble who are based in...
Alexandria Real Estate Equities Opens Learning Lab at Fred Hutch Cancer Center - Connect CRE

1 week ago | connectcre.com | Jasmine Kilman

Seattle & Northwest + Seattle + Office | Alexandria Real Estate Equities, Inc., a life science REIT, has unveiled the Alexandria Learning Lab at Fred Hutch Cancer Center in Seattle, Washington. The state-of-the-art facility was designed and developed in partnership with Fred Hutch to support STEM education and workforce development within the region’s life sciences cluster. Strategically located at Fred Hutch’s South Lake Union campus, the lab serves as a permanent space for hands-on science...
NAIOP Names Vulcan the North American Developer of the Year

1 week ago | connectcre.com | Jasmine Kilman

Seattle & Northwest + Washington + Apartments | NAIOP, the Commercial Real Estate Development Association, has selected Seattle-based Vulcan Real Estate as its 2025 Developer of the Year – the association’s highest honor. “It’s an incredible honor to be named NAIOP’s Developer of the Year,” said Ada Healey, Chief Real Estate Officer at Vulcan Real Estate. “We’re proud of the role we’ve played in helping shape the future of the Pacific Northwest and grateful to NAIOP for celebrating our...
Colliers Brokers Sale of Capitol Heights Industrial Property

1 week ago | connectcre.com | Jasmine Kilman

Washington DC & Mid-Atlantic + Maryland | Colliers recently brokered the sale of a 30,000-square-foot industrial property at 101 Ritchie Road in Capitol Heights, Maryland. A Colliers team led by Jason Sullivan, SIOR, Senior Vice President, along with Brian Siegel, SIOR, Executive Vice President, Thomas Gentner, Executive Vice President, Brian Watts, Executive Vice President, and Melissa Parrish, Associate Vice President, represented Approved Equipment in the transaction. The property marks an...
Essex Lists Mixed-Use Apartment Building in Sheridan Park

1 week ago | connectcre.com | Jasmine Kilman

Chicago & Midwest + North Side + Apartments | Chicago-based multifamily brokerage firm Essex Realty Group has been exclusively engaged to market for sale The Maynard at 1325 West Wilson Street, located in Chicago’s Sheridan Park neighborhood. The 12-story mixed-use property anchors the Sheridan Park neighborhood and features four ground-floor retail spaces and 121 apartments above, offering a mix of studios, one- and two-bedroom units. Fully renovated in 2015, The Maynard features hardwood...
Marcus & Millichap Arranges Sale of Arlington Heights Land Site

1 week ago | connectcre.com | Jasmine Kilman

Marcus & Millichap has completed the sale of 2015 S. Arlington Heights Road, an 8.34-acre land property in Arlington Heights, Illinois. The property sold for $3.35 million. “Arlington Heights is a desirable Chicago suburb with a vibrant downtown and growing appeal as a potential location for a new Chicago Bears stadium and mixed-use entertainment district,” said Richard Kozarits, first vice president investments.
Q Investment Partners, Melrose Ascension Capital Open Straits Row Residential Tower

1 week ago | connectcre.com | Jasmine Kilman

Chicago & Midwest + Downtown + Apartments | Q Investment Partners (QIP), a Singapore-headquartered private equity real estate firm, along with project partner and co-developer Melrose Ascension Capital (MAC), a Chicago-based private equity real estate development and investment firm, recently celebrated the grand opening of Straits Row, a new 18-story rental tower combining traditional apartments with co-living units in Chicago’s South Loop. Located at 633 S. LaSalle St. within the Printers...
Zoning Approved for $12B Data Center Campus in Kansas

1 week ago | connectcre.com | Jasmine Kilman

The Unified Government of Wyandotte County and Kansas City, Kansas, has approved rezoning for a proposed $12.6 billion data center campus to be developed by Red Wolf DCD Properties. The 550-acre site, located west of the Kansas Speedway, is slated to host six buildings totaling approximately 1.8 million square feet. Three 330,000-square-foot data center buildings and a substation are being proposed on each side of Parallel Parkway, reported the Kansas City Business Journal.
Data Center Demand Faces Headwinds: AI Could Be Why

1 week ago | connectcre.com | Amy Wolff Sorter

National + Weekender | It’s a well-known fact that a demand driver for data center development and investments has been the rapid rise of generative AI. How hot has the demand been? According to a recent CommercialEdge report, tech firms’ AI investments have led to “more than 51 million square feet of new data centers breaking ground since the start of 2023.” However, there are indications that demand could be cooling off. CommercialEdge analysts point out that AWS and Microsoft have put data...
Reducing Waste and Improving Net Value Gain in the Built Environment

1 week ago | connectcre.com | Amy Wolff Sorter

According to McKinsey, the built environment is one of the largest global industries, valued at $14 trillion and accounting for 12% of global employment. Furthermore, urbanization is pushing global construction; the sector’s estimated value by 2040 will be $22 trillion. Here’s another fact: The international built environment generates a higher rate of global emissions than any other sector, responsible for almost 40% of energy-related CO2 emissions and one-third of the world’s waste.