ConnectMidwest: CRE News-Chicago, Denver, Texas, and the Southwest.

03/30/2023

New Speakers Confirmed!
Sean Fulp, Vice Chair & Head of Office Capital Markets, U.S. Southwest, , and Robert Hart, Chief Executive Officer, TruAmerica Multifamily will be speaking at the Connect Los Angeles 2023 conference being held at the Hotel Indigo DTLA.

Register before the Early Bird rate expires (next Wednesday!) and join us on May 3rd to hear from and connect with leading CRE power players and decision makers that will be speaking and attending.
www.ConnectLA2023.com

03/30/2023

Connect CRE's Top Broker Awards 2023: Winner Announcements.
Congratulations to all the winners of Connect Commercial Real Estate's Top Broker Awards 2023.

We appreciate all those who submitted their nominations this year for the top Leasing and Sales Brokers.
View this year's award winners: https://www.connectcre.com/awards/2023-top-broker-awards/

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

03/30/2023

Investment Management Firm Conning Takes Majority Stake in Pearlmark.

Global investment management firm has completed its acquisition of a majority stake in -based , a specialist investment manager of commercial real estate debt and equity strategies. Terms weren’t disclosed.

First announced this past November, the deal calls for Pearlmark to continue operating autonomously with its investment team led by Stephen Quazzo and Doug Lyons.
More details: https://www.connectcre.com/stories/investment-management-firm-conning-takes-majority-stake-in-pearlmark/

03/30/2023

$85M Peaker Plant Gets Go Ahead Near Austin.
Spanish-based power company Acciona is planning to build a 100 megawatt ( ) peaker plant with the hopes it will smooth out the states overburdened utility load. The $85 million plant will be located on 20 acres about 25 miles southeast of . As part of the approval, voted to approve a 10-year property tax abatement for the large battery project (similar to the one pictured), according to the Austin Business Journal. Acciona will make a “payment in lieu” of an annual tax payment equal to 50% of those taxes. The project will bring in about $400,000 a year in annual tax revenue to the county.
More details: https://www.connectcre.com/stories/85m-peaker-plant-gets-go-ahead-near-austin/

03/30/2023

New Harkins Entertainment Concept Planning North Phoenix Debut.
Harkins Theatres is looking to open , a new concept family entertainment center that was inspired by the classic move studio backlots. It’s coming to The Shops at Norterra in North and hopes to be up and going in 2024. The company expects to take its new concept nationwide.
More details: https://www.connectcre.com/stories/new-harkins-entertainment-concept-planning-north-phoenix-debut/

03/30/2023

Speaker Announced: Cory Robertson, Principal, Corwin Partners Joins Making The Numbers Work panel on June 13.

Cory Robertson, Principal, Corwin Partners - Chicago's Leading New Development Sales & Marketing Team joins the Making The Numbers Work panel at Connect Midwest: Multifamily & Adaptive Reuse Trends conference in the afternoon of Tuesday, June 13 at the W Chicago - City Center Hotel in Chicago.

For the past 25 years, Cory has been providing real estate developers with feasibility studies and sales/marketing due diligence on potential residential projects-- highest and best use, product type & design, proforma pricing, site maximization, etc. for internal use, raising equity and securing bank financing.

Register today to take advantage of the Early Bird discount!
www.ConnectMidwest2023.com

03/29/2023

Early Bird Pricing ENDS in 1 Week!
Time’s Running Out! Attend Connect LA for just $150.
Register now before the discounted price expires next Wednesday!

Be there on May 3rd when leading experts, decision-makers, and power players from Skanska USA, , Wonderful Real Estate, Marcus & Millichap, Inc., , and more sit down to discuss:

• The state of California CRE in the current economic climate
• What the multifamily market will look like for the remainder of 2023
• The changing LA investment and development landscape
• What to anticipate in 2024, and more!

Register now to attend Connect LA at the lowest registration price available. After next Wednesday, registration price increases from $150 to $199.
www.ConnectLA2023.com

03/29/2023

City Picks Three Winners for LaSalle Street Mixed-Income Redevelopment.
Three proposals to create more than 1,000 mixed-income apartments along the corridor in ’s Loop have made the cut for city financial assistance through the Lightfoot administration’s LaSalle Reimagined initiative.

The proposals were selected from nine responses to the city’s 2022 Invitation for Proposals to repurpose a portion of LaSalle Street’s five million square feet of vacant commercial space as mixed-income .
More details: https://www.connectcre.com/stories/city-picks-three-winners-for-lasalle-street-mixed-income-redevelopment/

03/29/2023

Houston Billionaire Tilman Fertitta to Expand Golden Nugget Brand.

Houston-based Fertitta Entertainment, which owns five Golden Nugget Hotel And Casino Resport and the NBA’s Houston Rockets, is set to acquire ’s Hard Rock Hotel and Casino Lake Tahoe from Las Vegas-based Paragon gaming for an undisclosed price. The company, controlled by Houston billionaire businessman and television personality Tilman J. Fertitta, will bring the property under the Golden Nugget brand once the deal is completed.
More details: https://www.connectcre.com/stories/houston-billionaire-tilman-fertitta-to-expand-golden-nugget-brand/

03/29/2023

Most of Tucson’s Foothills Mall Bulldozed, “Reveal” to Come.

Redevelopment of ’s Foothills Mall is underway as walls are taken down for the future mixed-use project, Uptown. Local developer . plans to demolish more than 65% of the existing mall structure, at Ina Road and La Cholla Boulevard. A handful of tenants, including Bath and Body Works, Applebee's and a 15-screen AMC Theaters will remain open.
More details: https://www.connectcre.com/stories/most-of-shuttered-tucson-mall-bulldozed-reveal-to-come/

03/28/2023

Keynote Presentation Announced: Economic Update | Hessam Nadji.

Don’t miss the opportunity to sit in on Connect LA’s Keynote Presentation; an Economic Update by Hessam Nadji, Marcus & Millichap, Inc.’s President & CEO. Register now to gain insights into what the Fed’s adjustments, recent bank failures, economic slowdown, and more will mean for CRE in Los Angeles and the Nation in the months and years to come.

Additional speakers include: Jessica Lall, CBRE, Malcolm Johnson, , Marc Renard, Cushman & Wakefield, Jeffrey Jaeger, , and more!

Mark your calendars, get that Early Bird pricing, and reach out to secure your sponsorship or exhibitor position as soon as possible! Get in front of the real decision makers and major players who you most want to hear from and meet with on May 3rd in LA.

Early Bird rates in effect through next Wednesday only!
REGISTER NOW!
www.ConnectLA2023.com

03/28/2023

Connect CRE is your trusted daily news source covering commercial real estate transactions and trends. Stay informed on national, regional and property sector news that matters most to your business.
More details: www.connectcre.com