Multifamily properties in Long Beach have been in high demand. The occupancy rates for apartments in the area was 97.1% as of the third quarter of 2021, the highest in 11 years of research provided by Newmark Group Inc. That gain is despite 421 new units being delivered to the market.

Monument Square Investment Group (“MSIG”), in conjunction with Connecticut Realty Trust (“CRT”) and Krown Point Capital (“collectively the “JV”), has acquired an entitled 35.0-acre multifamily site in Granby, CT. The JV will immediately commence construction on the Grand Luxury Homes, a 75-unit single family build-to-rent community (the “Project”).

In the tight Long Island industrial real estate market, available space is nearly impossible to find, as the vacancy rate hovers around 3.5 percent. But in a few places, like California’s Inland Empire, the vacancy rate for industrial space is closer to 1 percent, as the demand for warehousing and distribution facilities has never been greater.

The Rockefeller Group has sold the Harvill Logistics Center, a 300,000-square-foot industrial facility in Riverside County, for $57.5 million to a partnership between CH Realty Partners LLC and Blumenfeld Development Group. Rockefeller built the property last year.

Monument Square Investment Group (“MSIG”) and CH Realty Partners (“CHRP”, jointly the “JV”) have acquired Harvill Logistics Center located at 21500 Harvill Road in Perris, CA (the “Project”). The Project is a 2021 vintage, 333,572 NRSF class-A bulk distribution warehouse strategically located along the I-215 corridor in the Inland Empire East.

Monument Square Investment Group (“MSIG”), in conjunction with Red River Development (“RRD”, jointly the “JV”), has acquired an entitled 15.6-acre multifamily development site in Jenks, OK. The JV will immediately commence construction on The Cottages at Jenks, a 138-unit single family build-to-rent community (the “Project”).

Spencer will primarily be responsible for sourcing new joint venture investments for the firm’s opportunistic equity platform. Spencer will be actively involved in the day-to-day management of MSIG’s internal due diligence process and prospective investment analyses and will work closely with the firm’s executive team.

Monument Square Investment Group (“MSIG”), in conjunction with Turnbridge Equities (“Turnbridge”) and Waterford Property Company (“Waterford”, collectively the “JV”), has provided a $25,000 grant to the Downtown Long Beach Alliance (“DLBA”) for minority owned businesses.

Since last summer, buyers have been scooping up single-family homes in Connecticut at a pace not seen in years, and they’ve been willing to pay a premium amid booming demand. It seems clear that the COVID-19 pandemic has led to more people, whether they already lived in CT or were relocating here, wanting additional space and comfort.

A trio of investors has redevelopment plans for a beleaguered Long Beach shopping center and office complex it acquired through a loan sale. Turnbridge Equities, Waterford Property Company and Monument Square Investment Group bought the nonperforming loan on City Place Long Beach late last year.

New York-based Turnbridge Equities, Newport Beach-based Waterford Property Co. and Beverly Hills-based Monument Square Investment Group have acquired City Place Long Beach for an undisclosed sum. The property is a 14-acre retail, office and mixed-use development in the city’s downtown area.

A partnership between Turnbridge Equities (Turnbridge) and Waterford Property Company (Waterford), along with Monument Square Investment Group, has acquired City Place Long Beach, a 14-acre, large-scale open-air retail, office, and mixed-used development property in the heart of downtown Long Beach, California.