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Commercial ObserverNews
Ben Brown, Brookfield’s Real Estate Chief, On REITs, Housing, Office and Hospitality
Ben Brown, co-president and head of real estate in the Americas for Brookfield, discusses the company's aggressive acquisition and disposition activity, noting that Brookfield has executed approximately $9 billion in credit originations, $21.5 billion in equity dispositions, and $32.3 billion in acquisitions over the past 18 months while raising $13.2 billion in new capital. Brown highlights Brookfield's strategic focus on logistics and housing investments, including major acquisitions like Peakstone, and emphasizes that despite high financing costs making new office development difficult to underwrite, strong fundamentals in sectors like luxury hospitality and rental housing continue to create investment opportunities as public market valuations lag underlying real estate recovery.
Capital MarketsOfficeHospitalityU.S. NationalNew York
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BisnowNews
N.Y. Governor Signs First Statewide Data Center Moratorium, Halting $10B Of Development
Gov. Kathy Hochul signed an executive order Tuesday to impose a yearlong ban on data center construction, making New York the first state to block the development of large-scale server farms. The moratorium deals a blow to New York’s $10B data center...
Capital MarketsData CentersU.S. NationalNew York
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Seniors Housing BusinessNews
Frank Cassidy Returns to Walker & Dunlop as Senior Managing Director
BETHESDA, Md. — Frank Cassidy has rejoined Walker & Dunlop as senior managing director, following his tenure as commissioner of the Federal Housing Administration (FHA) and assistant secretary for housing at… The post Frank Cassidy Returns to Walker & Dunlop as Senior Managing Director appeared first on Seniors…
Senior HousingCapital MarketsU.S. National
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Seniors Housing BusinessNews
MonticelloAM Adds Jason Liu as Deputy Chief Financial Officer
NEW YORK CITY — Seniors housing and multifamily bridge lending platform MonticelloAM has added Jason Liu to its accounting team as deputy chief financial officer. Liu will oversee investor and lender… The post MonticelloAM Adds Jason Liu as Deputy Chief Financial Officer appeared first on Seniors Housing Business . ]]>
Senior HousingMultifamilyDebt & FinancingNew YorkNew York
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Seniors Housing BusinessNews
Berkadia Brokers Sale of 78-Unit Assisted Living, Memory Care Community in Metro Philadelphia
PAOLI, Pa. — Berkadia has brokered the sale of Daylesford Crossing, a 78-unit assisted living and memory care community located 25 miles west of Philadelphia in the suburb of Paoli. Dave… The post Berkadia Brokers Sale of 78-Unit Assisted Living, Memory Care Community in Metro Philadelphia appeared first on Seniors…
Senior HousingPhiladelphiaPennsylvania
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The RegistryNews
California’s 14 November Ballot Measures Put $11.25B Housing Bond, CEQA Reform and Billionaire Tax Before Voters
California's Nov. 3 ballot carries 14 measures on housing bonds, a billionaire tax, CEQA reform and property taxes reshaping real estate. The post California’s 14 November Ballot Measures Put $11.25B Housing Bond, CEQA Reform and Billionaire Tax Before Voters appeared first on The Registry Northern California Real…
Capital MarketsAffordable HousingU.S. NationalCalifornia
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The RegistryNews
Oakland Roots to Exit Coliseum After 2026, Betting Its Future on a Waterfront Stadium at Howard Terminal
The Oakland Roots and Oakland Soul soccer clubs will leave the Oakland Coliseum after the 2026 season, redirecting their search toward a club-controlled stadium at the Port of Oakland’s Howard Terminal or the Coliseum site itself, both of which sit inside a tangle of competing ownership plays. The Oakland Roots…
Capital MarketsAlternativesU.S. NationalSan Francisco
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The RegistryNews
Caltrans’ $511MM Fix 50 Corridor Project Nears Finish in Sacramento After $100MM Overrun and Year-Long Delay
Caltrans is closing out its $511.1 million Fix 50 corridor overhaul in Sacramento this month, capping a multiyear rebuild that added carpool lanes and resurfaced aging pavement but landed roughly $100 million over budget and about a year behind its original schedule. The California Department of Transportation this…
Capital MarketsU.S. NationalCalifornia
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The RegistryNews
AI Finance Firm AppZen Leases 24,485 SQFT at Ellis Partners and Baupost’s Great America Commons in Santa Clara
AppZen, the artificial intelligence company that automates corporate expense auditing, has leased 24,485 square feet at 4655 Great America Parkway in Santa Clara, the region’s second-largest life sciences lease of the quarter despite AppZen having nothing to do with life sciences, in a deal that says something…
Capital MarketsLife SciencesU.S. NationalSan Francisco
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The RegistryNews
Stockton Opens Waterfront City Hall in Rehabbed 110,000 SQFT Towers After Costs Balloon Toward $100MM
Stockton has consolidated its municipal operations into the rehabilitated Waterfront Towers office complex on the city’s deep-water channel, capping an 8½-year conversion project whose public price tag has swelled from an early estimate of roughly $25 million to a figure now approaching $100 million. Stockton cut…
Capital MarketsOfficeU.S. National
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REBusiness OnlineNews
StreetLights Residential Sells 320-Unit Apartment Community in Gilbert, Arizona
GILBERT, ARIZ. — Dallas-based StreetLights Residential has sold The Tyler, a 320-unit apartment community in Gilbert, to Camden Property Trust for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the deal. Situated within the Agritopia master-planned community, The…
Capital MarketsMultifamilyU.S. NationalDallas-Ft. Worth
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REBusiness OnlineNews
Mapletree Breaks Ground on 419,520 SF Spec Industrial Facility in Joliet, Illinois
JOLIET, ILL. — Mapletree Investments has broken ground on a 419,520-square-foot speculative industrial facility in Joliet. Completion of the 29-acre project is slated for the first quarter of 2027. Situated along the I-80 and I-55 interchange, the development will provide direct connectivity to the Joliet…
Capital MarketsIndustrial & LogisticsU.S. NationalIllinois
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REBusiness OnlineNews
JLL Secures $332M Refinancing for Luxury Multifamily Tower in Chicago
CHICAGO — JLL Capital Markets has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower. Standing 76 stories and 893 feet tall, the property is Chicago’s tallest rental tower, according to JLL. Located at 1210 S. Indiana Ave. along Grant Park, NEMA…
Capital MarketsMultifamilyDebt & FinancingU.S. NationalChicago
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REBusiness OnlineNews
Bascom Group Acquires Value-Add Apartment Community in Buena Park, California for $53.1 million
BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments, a 183-unit value-add multifamily property in Buena Park, for $53 million, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors (IPA), a division of Marcus & Millichap,…
Capital MarketsMultifamilyU.S. NationalCalifornia
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REBusiness OnlineNews
Bass Pro Shops Acquires 27-Acre Cheeca Lodge & Spa Resort in Florida Keys
ISLAMORADA, FLA. — Bass Pro Shops, an outdoors retailer based in Springfield, Mo., has purchased Cheeca Lodge & Spa, a 27-acre resort in the Florida Keys city of Islamorada that was established in 1946. Northwood Investors sold the property to Bass Pro Shops but will continue to manage the 254-room resort and…
Capital MarketsHospitalityU.S. NationalFlorida
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REBusiness OnlineNews
Newmark Negotiates $132M Sale of Industrial Park in Woodbridge, Virginia
WOODBRIDGE, VA. — Newmark has negotiated the $132 million sale of Featherstone Industrial Park, a 13-building, 734,606-square-foot industrial property in Woodbridge, a city in Northern Virginia that sits about 23 miles from Washington, D.C. The park is located about three miles from I-95 and was fully leased to 45…
Capital MarketsIndustrial & LogisticsU.S. NationalWashington, DC
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REBusiness OnlineNews
NAI Hallmark Arranges $14.7M Sale of Butler Pointe Office Building in Jacksonville
JACKSONVILLE, FLA. — NAI Hallmark has arranged the $14.7 million sale of Butler Pointe, a five-story, 151,815-square-foot office building located at 4500 Salisbury Road in Jacksonville. Daniel Burkhardt, Keith Goldfaden and Alex Caliel of NAI Hallmark represented the seller, an entity doing business as Acorn Butler…
Capital MarketsOfficeU.S. NationalJacksonville
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REBusiness OnlineNews
Colliers Brokers Sale of 111,852 SF Shopping Center in Asheville
ASHEVILLE, N.C. — Colliers has brokered the sale of Westgate Shopping Center, a 111,852-square-foot shopping center located at 40 Westgate Parkway in Asheville. Built in 1956, Westgate is leased to Earth Fare, CVS, Crumbl Cookies, The UPS Store and other national and regional retailers. UNC Health purchased the…
Capital MarketsRetailU.S. National
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REBusiness OnlineNews
SPORTFIVE Signs 18,038 SF Office Lease in Midtown Manhattan
NEW YORK CITY — SPORTFIVE has signed an 18,038-square-foot office lease in Midtown Manhattan. The German sports marketing firm will occupy a full floor at 477 Madison Avenue, a 24-story building. Peter Van Duyne and Alex Lachmund of Cushman & Wakefield represented the tenant in the lease negotiations. Arkady…
Capital MarketsOfficeU.S. NationalNew York
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REBusiness OnlineNews
Hanley Investment Group Arranges Sale of Three O’Reilly Auto Parts Stores in Wisconsin
WISCONSIN — Hanley Investment Group Real Estate Advisors has arranged the off-market sale of three single-tenant retail properties occupied by O’Reilly Auto Parts in Wisconsin. Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, a Montana-based development company. The…
Capital MarketsRetailNet LeaseU.S. National
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REBusiness OnlineNews
Panattoni Development Co. Completes 95,000 SF Amazon Delivery Station in Redding, California
REDDING, CALIF. — Panattoni Development Co. has completed a 95,000-square-foot Amazon delivery station within Stillwater Business Park in the Northern California town of Redding. The logistics space is located at 5855 Venture Parkway. Panattoni worked in coordination with Shasta Economic Development Corp. and the…
Capital MarketsIndustrial & LogisticsU.S. NationalCalifornia
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REBusiness OnlineNews
Marcus & Millichap Brokers $22M Sale of Mixed-Use Property in Pasadena, California
PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700…
Capital MarketsRetailU.S. NationalCalifornia
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REBusiness OnlineNews
Transwestern Acquires Forte Real Estate Partners in Minneapolis
MINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio. Established in 2021 through the merger of Excelsior Advisory…
Capital MarketsOfficeIndustrial & LogisticsU.S. NationalMinneapolis
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Connect CRENews
$563M Palmetto Hospital Reaches Construction Milestone
BayCare Health System has topped out its $563 million hospital in Palmetto. The 463,000-square-foot facility is slated to open near the end of 2028. The Tampa Bay Business Journal reports the hospital will include 154 private patient rooms and can expand to over 200 beds as demand accelerates. Emergency care,…
Capital MarketsHealthcareU.S. NationalTampa
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Opryland Resort Continues to Grow
The massive Nashville hotel-and-entertainment Mecca is getting even more massive. The Gaylord Opryland Resort & Convention Center features 2,888 guest rooms, 20 restaurants, nine acres of indoor atriums featuring lush plants, winding pathways, and waterfalls with flatboat rides inside the hotel. Amenities include…
Capital MarketsHospitalityU.S. NationalNashville
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Connect CRENews
Amazon Rents 1.2M-SF Atlanta-Area Warehouse
Amazon leased 1,219,826 square feet at 1305 Highway 42 South, 20 miles southeast of Atlanta. PNK Group USA developed the site that was delivered in March. The Atlanta Business Chronicle reports the lease is likely the town’s largest so far this year. In addition to Amazon, PNK Group has attracted other tenants to…
Capital MarketsIndustrial & LogisticsU.S. NationalAtlanta
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Connect CRENews
June CPI Decelerates from May, Driven by Drop in Energy Index
U.S. inflation decelerated in June, with the Consumer Price Index (CPI) declining 0.4% after increasing 0.5% in the previous month. A 5.7% drop in the energy index drove the monthly all-items decrease, more than offsetting increases in indexes for shelter and food, the Bureau of Labor Statistics said Tuesday. The…
Capital MarketsEconomyU.S. National
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Grover Corlew Lands Refi on 223K-SF Deerfield Beach Office Park
Grover Corlew has refinanced Hillsboro Center, a 223,716-square-foot office park in Deerfield Beach, Fla. A two-year, $30 million senior loan was originated by BankUnited and arranged by JLL Capital Markets. Commercial Search reports Grover Corlew acquired the two-building office park in 2019 for $32.5 million from…
Capital MarketsOfficeDebt & FinancingU.S. NationalFlorida
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Commercial ObserverNews
Noda Launches Agentic AI for Commercial Building Operations
Noda, a Washington D.C.-based artificial intelligence startup, has launched agentic AI technology designed to automate 24/7 commercial building operations and address industry-wide facility operator shortages by finding and fixing operational inefficiencies without human intervention. According to the company, across its deployed portfolio of 1,200 buildings totaling 350 million square feet, Noda has eliminated 80 percent of manual workflows, reduced issue resolution time by 40 percent, and customers report NOI growth of 0.5 to 2 percent with multiplier gains of 14x to 20x.
Capital MarketsPropTech & DataU.S. NationalNew York
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RedfinNews
Mortgage Rates to Fall as Cooler-Than-Expected Inflation Report Lowers Odds of a July Fed Rate Hike
Takeaway: Rates will fall today after an unexpectedly soft CPI inflation reading that will keep the Fed from hiking at the July 29th meeting. Inflation data comes in much lower than forecasters expected. Overall headline inflation came in at -0.4% month-over-month (3.5% annual) in June due to energy price declines.…
HomebuildersEconomyDebt & FinancingU.S. National
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The RegistryNews
Natera Leases 20,000 SQFT at Ventas-Owned Genesis Tower in South San Francisco
Natera, the multibillion-dollar genetic testing company that moved its headquarters to Austin but kept its scientific core on the Peninsula, has leased 19,652 square feet at 2 Tower Place in South San Francisco, a Ventas-owned tower where the commitment lands as the company’s existing South San Francisco lease…
Capital MarketsLife SciencesU.S. NationalAustin
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Commercial ObserverNews
Gaia CEO Danny Fishman Grew the Development Firm by Looking Way Ahead
Danny Fishman, CEO and co-founder of GAIA Real Estate, built the firm into a prominent institutional investor managing over 80 properties, 20,000 residential units, and $4 billion in assets under management by acquiring distressed properties at steep discounts during market downturns, including a landmark 2012 partnership with Starwood Capital Group to acquire a 32-property, 9,500-unit Sun Belt multifamily portfolio for roughly $446 million that was later exited in 2022 for more than 15 times the investment. The article details Fishman's strategy of forward-looking deal-making, including his decision to relocate GAIA's headquarters from New York City to Miami in December 2025 and pursue development opportunities in South Florida through partnerships such as the $150 million MILAS fund with Moderno Development Group.
Capital MarketsU.S. NationalNew York
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Multifamily & Affordable Housing BusinessNews
Berkadia Arranges $85.4M Refinancing Loan for Two Orlando Properties
ORLANDO, FLA. — Boston-based Taurus Investment Holdings has obtained an $85.4 million loan to refinance two Orlando-area assets, The Summit at Metrowest and The Legends at ChampionsGate. Matt Robbins, Mitch… The post Berkadia Arranges $85.4M Refinancing Loan for Two Orlando Properties appeared first on Multifamily…
MultifamilyAffordable HousingDebt & FinancingBostonMassachusetts
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Multifamily & Affordable Housing BusinessNews
Northmarq Arranges $22.9M for Affordable Housing Acquisition in Lawrence, Massachusetts
LAWRENCE, MASS. — Northmarq has arranged a Fannie Mae loan for approximately $22.9 million for Arrowpoint Properties’ acquisition of Elora Flats & Townhomes in Lawrence, 30 miles north of Boston. Northmarq’s… The post Northmarq Arranges $22.9M for Affordable Housing Acquisition in Lawrence, Massachusetts appeared…
MultifamilyAffordable HousingDebt & FinancingBostonMassachusetts
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Multifamily & Affordable Housing BusinessNews
Leasing Begins at 21 Hollywood in South Florida
HOLLYWOOD, FLA. — Starlife Group has launched pre-leasing at 21 Hollywood, a 200-unit luxury community in Hollywood, Florida. The 14-story mixed-use tower at 2100 N. Federal Highway includes 10,000 square… The post Leasing Begins at 21 Hollywood in South Florida appeared first on Multifamily & Affordable Housing…
MultifamilyAffordable HousingFloridaU.S. National
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Multifamily & Affordable Housing BusinessNews
CBRE Arranges $221M Sale of Stamford Urby
STAMFORD, CONN. — Urby, a joint venture between Ironstate Development and Brookfield Properties, has sold Stamford Urby to Pantzer for $221 million. CBRE’s Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis… The post CBRE Arranges $221M Sale of Stamford Urby appeared first on Multifamily & Affordable Housing…
MultifamilyAffordable HousingNew York
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BisnowNews
'It's Game On': What Expansion Looks Like For Rose Associates In Northeast Multifamily Market
Rose Associates, a New York-based multifamily property manager, has more than 40,000 units under management. It’s already one of the largest firms in the region, but it's not stopping there. The firm is rapidly expanding its presence throughout the...
Capital MarketsMultifamilyU.S. NationalNew York
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BisnowNews
Chicago Fire Stadium Nears $425M TIF Boost
Related Midwest may get a leg up to its development of the Chicago Fire's new stadium at The 78 after a city committee approved $425M in tax increment financing to help with infrastructure costs at the site.
Capital MarketsAlternativesU.S. NationalChicago
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BisnowNews
Denver Office Market Posts Best Absorption In 4 Years
Denver’s office market is still recovering from the pandemic, but second-quarter reports indicate it is shifting toward stabilization with positive net absorption. Office tenants took approximately 119,700 SF more than they vacated in Q2, according...
Capital MarketsOfficeU.S. NationalDenver
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BisnowNews
New Housing Law To Send Institutional Investors Flocking To Build-To-Rent
The new sweeping federal housing law is poised to fundamentally change the flow of institutional investment in the residential sector, potentially resulting in a rebound of construction of build-to-rent properties. The 21st Century Road to Housing Act...
Capital MarketsSingle-Family RentalU.S. National
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BisnowNews
$30B Investment In Limbo After Attorneys General Sue To Stop Paramount, Warners Bros. Merger
Twelve attorneys general sued to stop the merger of Paramount and Warner Bros. Discovery, saying the union violates antitrust laws. The AGs have joined forces to block Paramount’s $111B grab for Warner Bros. Discovery, which would destroy competition...
Capital MarketsU.S. National
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BisnowNews
Knight Frank Ireland Expands Under Sherry FitzGerald's Ownership
As the dust settles on one of the biggest Irish agency deals in years, Knight Frank Ireland is looking at expansion. Real estate adviser Knight Frank officially became part of Irish residential giant Sherry FitzGerald in mid-February after the Competition...
Capital MarketsREITsU.S. NationalIreland
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Seniors Housing BusinessNews
12 Oaks Senior Living Assumes Management of Community Near Houston
PEARLAND, Texas — 12 Oaks Senior Living has assumed management of The Reserve at Pearland, an assisted living and memory care community located in Pearland, about 20 miles southeast of Houston. … The post 12 Oaks Senior Living Assumes Management of Community Near Houston appeared first on Seniors Housing Business . ]]>
Senior HousingTexasU.S. National
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Commercial ObserverNews
CBRE Adds Freddie Mac’s Robert Koontz to Lead Multifamily Debt Capital Markets
CBRE hired Robert Koontz, formerly head of multifamily capital markets at Freddie Mac where he spent 17 years, as head of multifamily debt capital markets effective July 6, 2026, to expand the brokerage's loan business and balance sheet strategies. According to CBRE's multifamily capital markets head, the company originated more than $30 billion in multifamily debt in 2025 with 2026 volume up 60 percent year-over-year.
Capital MarketsMultifamilyDebt & FinancingU.S. NationalNew York
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Commercial ObserverNews
Midwood Buys Mixed-Use Building Across From Former Downtown Brooklyn Macy’s
Midwood Investment & Development purchased 423 Fulton Street in Downtown Brooklyn, a four-story mixed-use building with ground-floor Panda Express retail and office space occupied by Staywell Medical Group, for $9.5 million from an LLC that included real estate investor Ralph Braha and the Nakash family. The transaction occurred amid a retail resurgence in the neighborhood following plans to redevelop the former Macy's building across the street into a retail and amusement destination called BKX.
Capital MarketsRetailMultifamilyU.S. NationalNew York
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Commercial ObserverNews
Fashion Platform Orly Inks 20K-SF Office Lease at 20 West 33rd Street
Fashion platform Orly leased 20,014 square feet of office space at 20 West 33rd Street in Midtown South on a 10-year lease at $55 per square foot asking rent from landlord JLA Home. The company, founded in 1980 and managing over 20 brands including Aeropostale, Lucky Brand and Nine West, plans to relocate to the new space in early 2027 from its current headquarters located one block north.
Capital MarketsOfficeU.S. NationalNew York
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Commercial ObserverNews
JPMorgan Funnels $205M to Refi Blackstone’s East Hotel in Miami
JPMorgan Chase provided a $205 million refinancing loan for Blackstone's East Miami hotel, a 39-story, 352-room property in the Brickell district that Blackstone acquired for approximately $300 million in 2025. The property, completed in 2016 and located within the Brickell City Centre mixed-use complex, represents the first debt loaded onto the asset and marks the second major South Florida hotel refinancing JPMorgan has provided to Blackstone in recent months.
Capital MarketsHospitalityDebt & FinancingU.S. NationalNew York
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