Public Employees Union Acquires 25,000 SQFT Concord Office Building for $3.4MM

A labor union has purchased its own building in Concord, joining a wave of owner-users reshaping who buys office space in the East Bay. The Public Employees Union has acquired 2520 Stanwell Drive, a 24,602-square-foot office building in Concord, California, in a deal that priced the property at $140 per square…

Brookfield Moves to Add 600 Homes at Stalled Pier 70 Megaproject to Break Feasibility Logjam

Brookfield Properties is asking San Francisco to let it pack roughly 600 additional homes and two extra stories onto its 28-acre Pier 70 waterfront development in Dogpatch, a density play the developer says is the difference between breaking ground and continued paralysis. The post Brookfield Moves to Add 600 Homes…

CalPERS Notches 14.8% Return as Real Assets Lag the Rally at 6.3%, Portfolio Swells to $637B

The nation's largest public pension fund rode a soaring stock market to its best investment year in more than a decade, but its real estate and infrastructure holdings badly trailed the rally, underscoring the drag that property continues to exert on institutional portfolios. The post CalPERS Notches 14.8% Return…

Turnbaugh Group Acquires 18,000 SQFT Downtown Martinez Office Building for $1.4MM

An out-of-the-spotlight county-seat purchase became the quarter’s clearest signal that price, not prestige, is drawing buyers deeper into the North I-680 Corridor’s office market. Turnbaugh Group has acquired 531-537 Main Street, a 17,600-square-foot office building in downtown Martinez, California, for…

Nicholas & Associates to Build 263-Unit Luxury Apartment Community in Madison, Wisconsin

MADISON, WIS. — Moyer Properties has selected Nicholas & Associates, the construction management and general contracting arm of the Nicholas Family of Cos., to build Aster Flats, a 263-unit luxury apartment community in Madison. The three-building property will be situated on 4.9 acres. Nicholas & Associates will…

JLL Negotiates $54.3M Sale of Retail Center in Bridgewater, New Jersey

BRIDGEWATER, N.J. — JLL has negotiated the $54.3 million sale of The Village at Bridgewater Commons, a 92,461-square-foot retail center in Central New Jersey. A Summit Health medical facility anchors the 12.5-acre, open-air center, which was 98 percent leased at the time of sale to a roster with a weighted average…

Eastham Capital Sells 200-Unit Apartment Complex in Humble, Texas

HUMBLE, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Eagle Crest, a 200-unit apartment complex located in the northern Houston suburb of Humble. The garden-style property offers one- and two-bedroom units that range in size from 656 to 1,054 square feet. Amenities include a pool,…

Lee & Associates Negotiates 94,993 SF Industrial Lease in Southlake, Texas

SOUTHLAKE, TEXAS — Lee & Associates has negotiated a 94,993-square-foot industrial lease in Southlake, located in the northern-central part of the metroplex. The tenant is Genuine Cable Group, and the space is located within Building 1 of Heritage Business Park. Adam Graham and Stephen Williamson of Lee &…

Partnership Underway on 274-Unit Multifamily Project in Horsham, Pennsylvania

HORSHAM, PA. — A partnership between Pennsylvania-based Korman Communities, New York City-based RXR, Japanese asset manager Chuo Nittochi, Goodman Properties and CBG Building Co. is underway on construction of a 274-unit multifamily project in Horsham, a northern suburb of Philadelphia. Known as AVE Horsham, the…

If New York’s Rent Guidelines Board Ignores Its Own Data, Why Do We Need It?

The New York City Rent Guidelines Board’s decision to impose the first-ever two-year freeze on rent-stabilized apartments raises a simple question: Why commission months of economic research if you’re going to ignore it? Or put another way: If the Rent Guidelines Board (RGB) ignores its own data, why do we need the…

How AI Is Rewriting Hotel Discoverability

Horwath HTL explores how artificial intelligence is transforming hotel discovery and marketing strategies beyond traditional search and OTA distribution channels.

The Rise of Active Luxury

Viewpoint examining how luxury hospitality guest expectations have shifted from passive relaxation toward active, experiential offerings, with implications for hotel marketing and positioning.

One Hotel, Two Realities

A viewpoint examining how hotel valuation criteria and investor evaluation methods have evolved beyond traditional factors of location, category, and operating results to reflect increased market sophistication.

A New Exchange Rate Reality

Analysis of how Hungary's political transition and forint appreciation following the April 2026 election is reshaping the hospitality sector's business dynamics and distribution strategies.

Alejandro Cuadra Acquires 28,000 SQFT Concord Office Building for $4MM

A single owner-user buyer has claimed the largest office trade of the quarter in Concord, betting on long-term occupancy control in a submarket still wrestling with vacancy above 31 percent. Alejandro Cuadra has acquired the office building at 1849 Willow Pass Rd in Concord, a 28,147-square-foot asset that ranked…

Marcus & Millichap Brokers $5.8M Sale of Medical Office Property in Davison, Michigan

DAVISON, MICH. — Marcus & Millichap has brokered the $5.8 million sale of a 50,017-square-foot medical office property in Davison, a suburb of Flint. The two-suite office building is situated on 3.3 acres at 1515 Cal Drive. Built in 2003, the property is fully occupied by McLaren Health Management Group and The…

Caddell Construction Opens New Office in Columbus, Ohio

COLUMBUS, OHIO — Caddell Construction has opened a new corporate office in Columbus within Grandview Yard. Despite launching its first corporate office in the state, the company is not new to Ohio — its first job dates back to 1989. The move comes as Caddell continues to experience significant growth across Ohio…

Joint Venture to Develop 149-Unit Apartment Building in Manhattan’s SoHo District

NEW YORK CITY — A joint venture between Global Holdings and MAG Partners will develop a 149-unit apartment building in Manhattan’s SoHo district. The new building at 122 Varick St. will include 5,000 square feet of ground-floor retail space, and 25 percent of the units will be designated as permanently affordable…

Swanson, Martin & Bell Inks 56,760 SF Office Lease in Chicago

CHICAGO — Swanson, Martin & Bell LLP has signed a long-term headquarters lease restructure and renewal at 330 N. Wabash Ave. in Chicago. The 52-story riverside office tower is the last building in the U.S. designed by renowned architect Ludwig Mies van der Rohe. The property features 35,000-square-foot floor…

MidPen Housing’s 110-Unit Affordable Complex Advances in Downtown Sunnyvale

A former bank site two blocks from Sunnyvale’s Caltrain station is on track to become one of downtown’s largest affordable housing developments, after nonprofit developer MidPen Housing brought a scaled-back, 110-unit proposal before the city’s Planning Commission this month. The Sunnyvale Planning Commission met…

Servpro Acquires 14,000 SQFT Concord Industrial Building for $3.8MM

A restoration franchise operator has paid the highest price per square foot recorded among the quarter’s significant industrial sales to secure a small Concord building for its own use. Servpro, the restoration and cleaning franchise operator, has acquired 2500 Annalisa Dr in Concord, California, a…

1857 Arnold LLC Acquires 22,000 SQFT Concord Industrial Building for $4.7MM

A single-asset buyer has taken ownership of a multi-address industrial building in Concord, adding to a run of owner-user deals that continues to prop up sales volume across the North I-680 corridor. 1857 Arnold LLC has acquired the 22,000-square-foot industrial building at 1857-1861 Arnold Industrial Way in…

StoragePro Acquires 32,000 SQFT Concord Industrial Building for $7.9MM

Self-storage operator StoragePro has purchased a 32,010-square-foot industrial building in Concord, adding to a wave of owner-user acquisitions reshaping the North I-680 corridor. StoragePro has acquired the industrial property at 1970 Olivera Rd in Concord, California, a 32,010-square-foot building that traded at…

Bauen Capital Moves to Carve Two Downtown Sacramento Office Buildings Totaling 197,000 SQFT Into For-Sale Condominiums

Seven years after Bauen Capital bought a pair of derelict K Street landmarks on the thesis that California state agencies would fill them, the developer is asking Sacramento to let it sell the buildings off one floor at a time — a bet that the downtown office market has more buyers than tenants. An application […]…

Yoda PLC Secures 113,000 SQFT of Leasing at Transamerica Pyramid Center After $692MM San Francisco Acquisition

Four months after paying nearly $692 million for San Francisco's most recognizable tower, Cyprus-based Yoda PLC has signed more than 113,000 square feet of new office leasing at the Transamerica Pyramid Center and is preparing a wave of spec-suite and amenity investments across the three-building complex. The post…

Port of Oakland Commissioners Hand Board Presidency to Stephanie Dominguez Walton as Cargo Volumes Claw Back

The seven-member panel that governs Northern California’s third-busiest container gateway, a 20-mile stretch of Oakland waterfront and a rebounding regional airport has installed a fundraising executive and Oakland resident of two decades at its head, reshuffling its leadership bench as the Port works to reverse a…

Roche Folds San Jose CLIA Lab Into 11,000 SQFT Santa Clara Space, Freeing Nuveen-Owned Optical Court Building

Roche is decommissioning the specialized clinical testing laboratory it inherited from its 2015 Ariosa Diagnostics acquisition and moving all 45 employees roughly nine miles north to a purpose-built 11,300-square-foot lab on its Santa Clara campus, a consolidation triggered by a lease expiration and executed…

Private Investor Buys 36,000 SQFT ABC Supply Industrial Building for $8.125MM in West Sacramento

CBRE Facilitates $8.1 Million Sale of Single-Tenant Industrial Asset SACRAMENTO, Calif. – July 15, 2026 – CBRE facilitated the $8.125 million sale of a 36,000-square-foot, single-tenant industrial property at 2510 Evergreen Avenue in Sacramento, California. CBRE’s Matt Post, Anthony DeLorenzo and Sammy Cemo…

Contra Costa County-Anchored 45,000 SQFT Richmond Office Lists for $7.75MM

A two-story office building anchored by Contra Costa County’s government offices has hit the market in Richmond’s Hilltop submarket, offering investors a rare, nearly fully leased public-sector asset just as the surrounding neighborhood prepares for a 143-acre mall-to-housing overhaul. A 45,010-square-foot…

Prime Residential Purchases Palm Court Apartments in Los Angeles for $51.2M

LOS ANGELES — Prime Residential has purchased Palm Court Apartments, a 132-unit multifamily property located in the Miracle Mile neighborhood of Los Angeles, for $51.2 million, or $388,258 per unit. Jeff Louis, Gayle Factor and Elliot Sabag of Marcus & Millichap represented the the seller, a private investor, in…

TSB Capital Advisors Arranges Loan for Refinancing of 530-Bed Community Near Arizona State University

TEMPE, ARIZ. — TSB Capital Advisors has arranged a loan of an undisclosed amount for the refinancing of Atmosphere Tempe, a 530-bed student housing community located near the Arizona State University campus in Tempe. The floating-rate bridge loan was secured on behalf of the borrowers, Trinitas and Harrison Street…

Western Centers Sells Three-Property Retail Portfolio in Metro Denver for $30.3M

PARKER, AURORA AND LITTLETON, COLO. — Western Centers Inc. has sold a three-property retail portfolio in metro Denver to local investment firm CentrePoint Properties for $30.3 million. The portfolio includes the 56,000-square-foot Cottonwood Square in Parker, the 26,000-square-foot Bristol Pointe in Aurora and the…

Avison Young Brokers $8.8M Sale of Industrial Property in San Diego’s Otay Mesa District

SAN DIEGO — Avison Young has brokered the $8.8 million sale of an industrial property located at 7577 Airway Road in the Otay Mesa submarket of San Diego. An undisclosed buyer acquired the asset from a Miami-based private investor. Situated on 4.2 acres, the 31,488-square-foot industrial property features seven…

Northmarq Arranges $35M in Acquisition Financing for Long Island Industrial Portfolio

FARMINGDALE, HICKSVILLE AND OCEANSIDE, N.Y. — Northmarq has arranged $35 million in acquisition financing for a portfolio of five small-bay industrial properties totaling 275,891 square feet on Long Island. Three of the properties are located in Farmingdale, and the other two are located in Hicksville and…

JLL Negotiates $67.7M Sale of Three Industrial Buildings in Lakeland, Florida

LAKELAND, FLA. — JLL Capital Markets has negotiated the $67.7 million sale of three industrial buildings located within Lakeland Commerce Center in Lakeland, a city in Central Florida between Tampa and Orlando. Cody Brais, John Huguenard, Luis Castillo, Taylor Osborne, David Orta Jr. and Mia Gian of JLL represented…

Cushman & Wakefield Arranges $56.6M Refinancing of Luxury Multifamily Community in D.C.

WASHINGTON, D.C. — Cushman & Wakefield has arranged a $56.6 million loan to refinance The Ellington, a 190-unit luxury multifamily property located at 1301 U St. in Washington, D.C. John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will Wohlgemuth of Cushman & Wakefield secured the financing…

NewPoint Provides $34.6M Loan for Hotel-to-Multifamily Conversion Project in Arlington, Virginia

ARLINGTON, VA. — NewPoint has provided a $34.6 million bridge loan for the acquisition and planned multifamily conversion of the Clarion Collection Arlington Court Suites, a 187-room, extended-stay hotel located in Arlington’s Rosslyn-Ballston corridor. Jacob Gabriel of NewPoint originated the financing on behalf…

Marcus & Millichap Brokers $2.9M Sale of Neighborhood Retail Center in Fairburn, Georgia

FAIRBURN, GA. — Marcus & Millichap has brokered the $2.9 million sale of the Shops at Hampton Oaks, a 20,295-square-foot neighborhood retail center located in Fairburn, about 20 miles southwest of Atlanta. Zach Taylor and Eric Abbot of Marcus & Millichap’s Atlanta office represented the seller, a partnership…

Emory Healthcare Expanding Northlake Mall Presence

Emory Healthcare is expanding its footprint at Northlake Mall. Since 2019, Emory Healthcare has leased approximately 274,000 square feet at the mall. The new lease will more than double that occupancy. Other than Emory Healthcare, the mall, which opened in 1971, is mostly vacant. The increased presence follows an…

Beachwold Closes on $176.6M Financing for 1,395-Bed UCF Student Housing Venture

Beachwold Residential obtained a $176.6 million construction loan to finance the development of Place at Alafaya Phase I & II. The to-be-built, four-building, four-story, Class A, 484-unit, 1,395-bed student housing property will be located at the University of Central Florida (UCF) in Orlando, Florida. Affinius…

CentrePoint Acquires 3 Denver-Area Retail Centers

Cushman & Wakefield announced today that the real estate services firm has arranged the $30.3 million sale of a three-property retail portfolio, including Cottonwood Square in Parker, Bristol Pointe in Aurora and Foothill Green in Littleton. The portfolio totals over 100,000 square feet of retail space. Jon…

Flournoy Properties Lands $46.5M Refi on Leander Rental Asset

Flournoy Properties closed on a $46.5 million refinancing of the River Junction apartments in Leander. The project, completed in 2024, has 329 units. Bridge Investment Group provided the loan. The Walker & Dunlop Capital Markets Real Estate Finance team, led by Patrick Short and Clay Colvill, arranged the…

Greystone Real Estate Capital Closes $137M Affordable Housing Development Fund

Marcus & Millichap Brokers Sale of The Jewell in Denver

DENVER — Jason Hornik and Greg Parker with Marcus & Millichap’s Denver office have brokered the sale of The Jewell at 4470 E. Jewell Ave. in Denver. A New York-based… The post Marcus & Millichap Brokers Sale of The Jewell in Denver appeared first on Multifamily & Affordable Housing Business . ]]>

Inland, RWD Break Ground on $139M Project in Rochester, Minnesota

ROCHESTER, MINN. — Inland National Development Co. and Reuter Walton Development (RWD) have broken ground on Citiwalk Apartments, a 342-unit project in downtown Rochester across the street from the Mayo… The post Inland, RWD Break Ground on $139M Project in Rochester, Minnesota appeared first on Multifamily &…

Helaba Provides Construction Loan for Dallas High-Rise

DALLAS — Endeavor Real Estate Group, in partnership with Canyon Partners Real Estate, has secured an undisclosed amount of construction financing for Lucille, a 22-story, 265-unit luxury tower located in… The post Helaba Provides Construction Loan for Dallas High-Rise appeared first on Multifamily & Affordable…

The Bascom Group Buys Castlewood Park in Buena Park, California, for $53.2M

BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments in Buena Park for $53.2 million. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA arranged… The post The Bascom Group Buys Castlewood Park in Buena Park, California, for $53.2M appeared first on Multifamily &…

Beachfront Florida and Coastal California Ruled June’s Ultra-Luxury Home Sales

The most expensive home sale of June was a $71 million waterfront estate near Palm Beach, followed by a Beverly Hills compound. A beachfront estate in Manalapan, FL was the most expensive U.S. home sale of June, fetching $71 million. Next comes a $47 million compound in Beverly Hills, CA, followed by two coastal…

Multifamily Completions Shift to Larger, Lower-Rise Properties

This year’s data show that while multifamily completions moderated from 2024’s elevated pace, the sector’s shift toward larger properties continued. At the same time, larger has not necessarily meant taller, as lower-rise buildings continue to account for most new multifamily completions. The post Multifamily…

Multifamily Gains Lift Overall Starts Despite Single-Family Decline

How technology may preserve the Big Tin Cotton Gin

As rapid growth continues across Arizona, sometimes older structures must be torn down to make way for local expansion. But when an iconic building is slated for demolition, it can feel like losing a piece of Arizona’s architectural history. That’s why a community partnership has formed to utilize construction…

How Rudy Garcia Jr. learned leadership with the ABA

For Rudy Garcia Jr., president at RG & Sons Plumbing and chairman of the Arizona Builders Alliance (ABA), construction has been part of his life since childhood. When he was 9 years old, Garcia Jr.’s father started the family business. “My mom was his first bookkeeper, so I grew up in the industry. It was ... The…

25 Arizona Builders Alliance member projects to know

The membership of the Arizona Builders Alliance (ABA’s) membership has delivered some of the most impactful projects across the state. Here are 25 noteworthy developments made possible by ABA member companies. DEEPER DIVE: How Silicon Desert is powering Phoenix industrial surge READ MORE: Phoenix industrial market…

How the Arizona Builders Alliance reinforces the construction workforce

The construction sector’s talent pipeline is straining under the pace of Arizona’s current economic boom. Even before the state’s recent growth spurt began, the industry was grappling with a concerning trend — increasing numbers of the workforce reaching retirement age coupled with fewer young people entering the…

Here’s how Pinal County positioned itself as a power player

Located between the Phoenix and Tucson metros, Pinal County is the third-most populous in the state with its boundaries stretching nearly 5,400 square miles. As its neighbors to the north and south have seen economic expansion, so too has Pinal County, providing a place for businesses to locate where land and…

$122 million financing fuels The Base industrial campus in Glendale

JLL Capital Markets announced today that Partners Group, one of the largest firms in the global private markets industry, and ViaWest Group have secured $122 million in bridge financing for The Base, a newly constructed, seven-building industrial campus totaling 1,182,865 square feet in Glendale, Arizona, through…

From concrete to $1 billion: ABA honors Derek Wright of Suntec Concrete

The Arizona Builders Alliance (ABA), a leading trade association for contractors in Arizona, names Derek Wright, President and CEO of Suntec Concrete, recipient of its ‘Life Director Member of the Board’ recognition, celebrating his commitment to both the ABA and Arizona’s commercial construction community. The…

Sunland Asphalt completes 2nd circuit at the APEX Motor Club in Maricopa

Car enthusiasts who enjoy pushing high-performance vehicles to their limits at APEX Motor Club in Maricopa now have another circuit on which to drive, thanks to Sunland Asphalt & Construction. DEEPER DIVE: Abandoned North Phoenix project gets new life as $190 million sports complex INDUSTRY INSIGHTS: Want more news…

TenSixty Interchange office-to-industrial redevelopment begins in Tempe

On behalf of Alidade Capital and Pine Creek Real Estate Partners, Phoenix-based general contractor Stevens-Leinweber Construction (SLC) today broke ground on TenSixty Interchange, an office-to-industrial redevelopment that will bring new mid-size, infill industrial product to the Interstate 10/Baseline Road…

NAIOP will host Energy Economic Forecast on June 12

On Friday, June 12, NAIOP Arizona is hosting its Energy Economic Forecast at The Camby Hotel in Phoenix. NAIOP Arizona CEO Cheryl Lombard will moderate a discussion on Arizona’s evolving energy portfolio, how utilities are planning for unprecedented demand, what infrastructure investments are needed, and more.…