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REAL ESTATE INVESTMENT

CIM Group | September 23, 2021

CIM Real Estate Finance Trust, Inc. announced it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC (“CIM”). The pro forma combined company would have approximately $6.0 billion in total enterprise value, creating a leading commercial credit-focused real estate investment trust (REIT) with greater tenant, industry, an...

Multi housing News | April 02, 2020

A new luxury community filled with amenities and local art is now open. Mortenson Development has completed Rafter, its 283-unit multifamily community in northeast Minneapolis. Mortenson, along with US Bank, hired Cuningham Group as the project’s architect, conceptual and interior designer. Located at 333 Hennepin Ave. E., Rafter offers studios, one-, two- and three-bedroom floorplans with penthouse options. At 26 stories tall and totaling 407,530 square feet, the property will also house ...

rejournals | August 03, 2020

While the COVID-19 situation has placed potholes and hairpin turns in front of some sectors like retail and hospitality, there’s nothing ahead but freshly laid asphalt for industrial real estate particularly e-commerce-related properties. New projections suggest that this segment will grow by 1 billion square feet over the next five years. JLL’s second quarter industrial outlook identified a number of trends, noting a sub-6-percent vacancy across the country with leasing velocity ove...

REAL ESTATE TECHNOLOGY

Kukun | July 14, 2021

Kukun, the leading company in property data and predictive analytics for home renovations, announced today that SoFi would integrate the new Kukun Digital Cost Estimator into the SoFi app through Relay, SoFi's financial management tool. This expansion builds on SoFi and Kukun's existing partnership, which began in 2018 when SoFi started offering Kukun and SoFi's Home Improvement Cost Calculator products to its clients. In addition, Kukun offers Relay users property data, photos, and ...