Freehold will lease the properties to Curaleaf pursuant to a long-term, triple-net lease. The company also has the right of first offer to purchase additional properties from Curaleaf as its preferred real estate partner.

The 140-acre Chesterbrook Corporate Center, situated off Route 202, is currently more than 80% occupied.

The new joint venture plans to begin construction in September on a three-story, 98,000-square-foot, climate-controlled self-storage facility at 352 Main Road.

Skyline Development Group has launched, with the acquisition of a fully approved 14-story project that will deliver 70 boutique condominiums to 8701 Churchill Road in North Bergen.

Chicago's hotel supply has accelerated over the past few months, due primarily to projects in the River North submarket, the report states. The influx of new product has caused occupancy to decelerate, but only slightly.

Element Critical's Northern Virginia facility at 7990 Quantum Drive was built in 1978 and acquired by Safanad Industry Capital Internet Infrastructure, L.P. in 2016 from The Meridian Group.

The properties in the portfolio have an average vintage of 2004, boast low vacancy rates, and offer affordable options for renters in attractive Texas and Florida markets, Starwood Capital states.

The financing was provided by Bank OZK for the 289,000-square-foot, Class A office and lab development in the Boynton Yards area of Somerville. JLL arranged the first mortgage financing deal for the joint venture.