What happened, and who moved.
Nitya Capital refinanced Interlace Apartments, a 432-unit multifamily community in Dallas, Texas, with Morgan Stanley. Nitya secured new institutional financing for the Interlace property at a double-digit debt yield, reflecting the substantial operating income and value created since its acquisition. Recent media…
Cushman & Wakefield has represented Hotel Harrington, Inc. in its sale of the former Hotel Harrington, a redevelopment opportunity located at 436 11th Street NW in the heart of downtown Washington, D.C. The transaction marks the first sale of the property in approximately 110 years. Cushman & Wakefield’s Marc…
Newmark has arranged the sale of the 51,795-square-foot retail condominium at 919 North Michigan Avenue along Chicago’s Magnificent Mile. The property is anchored by Louis Vuitton and features a collection of luxury retailers. Newmark Senior Managing Director Keely Polczynski and President of Retail Capital Markets…
Landmark Properties delivered The Mark Fort Collins, a 397-bed off-campus student housing community at 255 Johnson Drive in Fort Collins, less than half a mile from Colorado State University. The project was developed in partnership with Silverpeak Real Estate Partners and Peninsula Investments. Landmark’s Jason…
Bristol Myers Squibb (BMS) selected Houston as the site for a new, multi-modal manufacturing campus, representing an approximately $2.3 billion investment designed to accelerate the delivery of next-generation medicines to patients. The campus, at Generation Park in Houston, will create nearly 500 skilled jobs and…
Town Lane, a New York-based real estate investment management firm, has acquired a 23-property industrial outdoor storage (IOS) portfolio and launched a platform venture with Axis Partners, an Atlanta-based industrial owner and operator. The transaction includes an investment by Town Lane in the Axis operating…
Oxbow Development Group submitted plans to the city for 10 new retail buildings on either side of Avenue A. Along with completely new builds, the firm is seeking permission to demolish a vacant industrial building at 250 E. Grayson St.,. The new structures will add 85,000 square feet of space to the complex. The…
DBJ&L and MRK Partners are working with the town of Opa-Locka to redevelop its historic downtown. The plan includes thousands of residential units and 275,000 square feet of retail. The S. Florida Business Journal reports the city’s community redevelopment agency voted in favor of a resolution that authorizes…
Cousins and Town Lane jointly funded a $20 million renovation of the Proscenium building, a 21-story office building in downtown Atlanta. The joint venture bought the building in 2024. The Atlanta Business Journal reports the building is now over 75% occupied. The capital improvements at Proscenium included a…
Trinity Investments sold the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton (shown) and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc. Trinity acquired the resort in December 2018 for $870 million, with financial backing from Elliott…
Stream Realty Partners has been awarded the leasing assignment for Cummins Station, a more than 400,000-square-foot adaptive reuse office property located at 209 10th Ave. S in Nashville’s Urban Core. DZL Management is the owner of Cummins Station. Originally constructed as a rail terminal and warehouse, Cummins…
Colliers SVP Seth Hecht has secured a 10-year, 13,815-square-foot lease renewal for architecture firm Selldorf Architects at 860 Broadway. Hecht represented Gordon Property Group in completing the long-term renewal transaction. Selldorf Architects was represented by Erik Schmall and Scott Weiss of Savills. Led by…
Ariel Property Advisors closed the sale of 425 Devoe Ave., a vacant multi-story industrial property in the West Farms neighborhood of The Bronx, for $10,750,000. The property spans 60,000 square feet above grade, which translates to $180 per square foot, with an additional 30,000 square feet below grade. An Ariel…
Advertising agency Innocean USA has signed a new 101,000-square-foot office lease at Hackman Capital Partners’ 888 N. Douglas property in El Segundo. The space will serve as the company’s U.S. headquarters and represents a relocation from 50,000 square feet of space in Huntington Beach. The tenant will move into…
Shopoff Realty Investments has secured unanimous approval from the Buena Park City Council for 5600 Beach Blvd, a 13.76-acre residential development in Buena Park. The property is currently occupied by the Amway Corporation with a corporate sale-leaseback in place until the end of 2026 and consists of two…
Marcus & Millichap completed the sale of Park Plaza, a retail center in Matawan, NJ. The asset sold for $14.67 million. “Park Plaza attracted significant investor interest due to its diverse tenant mix, strong visibility and strategic location within one of Monmouth County’s most established retail corridors,” said…
Dana-Farber Cancer Institute and Sturdy Health have opened a new clinic in Attleboro, offering expanded outpatient medical oncology and hematology care for patients in Southern Massachusetts. Dana-Farber will operate the new ambulatory cancer clinic within the newly constructed Sturdy Health Specialty Care Building…
RAF Pacifica Group (RPG), a commercial real estate investment firm focused on acquiring and developing retail, industrial, mixed-use, and office properties across San Diego, has acquired a fully leased, five-tenant retail building at 548-568 South Coast Hwy. 101 in downtown Encinitas. The acquisition price was not…
Newmark has arranged a long-term, full-building industrial lease totaling 150,316 square feet on behalf of the tenant, Dynamic Manufacturing, at 7801 Industrial Drive in Forest Park, Illinois. Newmark Senior Managing Director Corey Chase represented the tenant in the lease negotiations. The landlord is First…
Link Logistics, an operator of last-mile industrial real estate and warehouse properties, announced the addition to its portfolio of a 402,444-square-foot industrial asset located at 5100 Jeff Commerce Drive in Louisville, Kentucky. Link Logistics was represented by CBRE in the transaction. The seller was…
Trident Capital Group and O’Connor Capital Partners announced the closing of a joint venture with Clarion Partners for the next phase of its Rickenbacker Industrial Center, a 959,579 square-foot speculative industrial facility located at 1669 Rohr Road in Columbus, Ohio. The partners also announced that…
Newmark said Friday it has advised on the sale and arranged $155 million in acquisition financing for 10 E. 53rd St., a 385,224-square-foot Class A office tower in Manhattan’s Plaza District. Meadow Partners acquired the property from seller SL Green Realty Corp. for $312 million. The acquisition loan was provided…
Savills has represented Lasko Products, Inc. in the sale of its 132,736-square-foot industrial facility located at 525 Mill Street in Columbia, Pennsylvania. Associate Director Michael Styer and Associate Director Jonathan Kays represented Lasko in the transaction. The facility was sold to Kleen-Rite Corp for $8.95…
Sagard Real Estate announced the $91 million acquisition of 7001 Quad Avenue, a 621,144-square-foot distribution facility in Rosedale, Maryland. Located in Baltimore County East, the region’s largest industrial submarket, the asset is fully leased to users across food and beverage distribution and third-party…
Berkadia announced the recapitalization of Enclave at 127th, a 340-unit value-add apartment community in Plainfield, Illinois. The transaction was led by Senior Managing Directors Gordon Reynolds and Brian Myers and Vice President Conner Adkins of Berkadia Strategic Capital, in collaboration with Senior Managing…
Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit multifamily community in Sumner, Washington. Delivered in 2024 by the sponsor, Sumner Mill Apartments is a 3.89-acre garden-style community located at 5816 162nd…
Agora Realty (Agora) has completed construction for Hylo Park South, its 90,750-square-foot grocery-anchored retail center located at the southeast corner of Lake Mead Blvd. and Rancho Drive in the city of North Las Vegas. This retail center will be a central gathering place for Agora’s 73-acre master-planned,…
BH Properties, a value-add real estate investment firm with regional offices in Dallas, Austin, and Houston, completed the acquisition of Tollway North Office Park, a 297,591-square-foot, seven-building business park in Plano, Texas. The acquisition follows the firm’s February 2025 purchase of the adjacent R&D at…
Cabot Properties sold an eight-building modern industrial portfolio totaling approximately 2.4 million square feet across Dallas-Fort Worth and Houston, Texas. The portfolio was acquired by a private real estate investment firm. Five of the properties are in the Dallas-Fort Worth submarkets of South Dallas,…
RXR, together with Halpern Real Estate Investments, Korman Communities and Invent Development Partners, secured $125 million in construction financing for AVE Station House, a 301-unit luxury multifamily development in Denver, Colorado. The property was financed with a $100 million senior loan from Madison Realty…
Commercial and multifamily mortgage loan originations were 16% higher in the second quarter of 2026 than in the year-ago period, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Dollar volume increased 12% from Q1 of 2026, MBA said.…
Wood Partners, in partnership with Marcus Partners, has broken ground on Altera Heights, a 280-unit multifamily community located in Apex, North Carolina, a suburb of Raleigh. The Triangle Business Journal reports Woods acquired 13.5 acres north of Highway 64 for $4.9 million. Located at the intersection of Jenks…
Delray Beach-based Redfearn Capital has partnered with private equity giant TPG to acquire a 53-building industrial portfolio in seven states for $628 million. DRA Advisors was the seller. The Portfolio comprises approximately 5.4 million square feet of distribution, logistics and manufacturing facilities across…
Harbor Group International has bought Emerald Palms, a 505-unit garden apartment complex near Zoo Miami in Kendall, for $109 million from Milestone Group, which paid $107 million for the same property in 2021. The South Florida Business Journal reports the buyer assumed the seller’s mortgage, which Berkeley Point…
U.S. employers unexpectedly shed 23,000 jobs in July, falling far short of the 88,000 gain projected by economic consensus, according to data released by the U.S. Bureau of Labor Statistics. The drop was compounded by sharp downward revisions to prior months. May payroll additions were revised down by 66,000 to…
DAUM Commercial Real Estate Services completed a 10-year lease agreement for a 35,333 square-foot industrial property at 2945 East Maria St. in Rancho Dominguez on behalf of landlord Crown Associates Realty, Inc. The facility will serve as the West Coast operations hub for Cactus Fabrication, a company specializing…
GFP Real Estate said Thursday that Maybern, a financial technology company specializing in fund management solutions for private markets, has signed a long-term lease expansion at 10 Astor Place, more than doubling its footprint at the property from approximately 11,000 square feet to 30,000 square feet. The…
JLL Capital Markets arranged permanent financing for a fully leased industrial facility at 111 Fieldcrest Ave. in Edison, NJ, within the Exit 10 submarket. Senior managing director Michael Klein, senior director Max Custer and analyst Kevin Badger. worked on behalf of the borrower, Summit Associates Inc., to secure…
Granite Point Mortgage Trust Inc. has refinanced the assets in its two remaining CRE CLOs, GPMT 2021-FL3 and GPMT 2021-FL4, on its JPMorgan Chase Bank, N.A. repurchase facility, which it recently extended to July 2028, with three one-year term extension options. In connection with the refinance, the company upsized…
Marcus Partners has acquired 6 Industrial Way in Salem, NH. The 155,000-square-foot warehouse/distribution asset was sourced off-market in the supply-constrained Southern NH market. “As we follow durable sector trends tied to supply chain and logistics network modernization, advanced manufacturing, and defense…
Chicago-based Lexington Homes announced its second new townhome community, Northbrook Row, in Northbrook, Illinois. The new development will offer 53 townhomes and feature a combination of homes from the builder’s redesigned Mews floor plans. Located at 1825 Shermer Road, Northbrook Row will offer 33 single-family…
The NRP Group announced the groundbreaking of OSU East, a 336-unit housing community in Columbus, Ohio. OSU East marks The NRP Group’s first market-rate community in Columbus. The project is situated on a 27.5-acre site on West Dublin Granville Road that will include an additional 138 for-sale townhomes developed…
Colliers has been awarded the exclusive leasing assignment for 25 buildings within the recently acquired North Market Industrial Park, a 28-building industrial portfolio. Vice chair Mark Demetre, VP Michael Hoo, and senior associate Nathan Miller will lead the leasing efforts and strategy on behalf of the owner,…
Basis Investment Group, LLC has provided a $19.95 million bridge loan to refinance the existing debt, support the continued stabilization, and fund remaining tenant-improvement and leasing costs at Wolff Court, a four-story complex in Philadelphia, Pennsylvania. Located at 501 E. Girard Avenue, the property is a…
A CBRE team led by Matthew Klauer advised Kensico Properties on the refinancing of The Lowell Hotel, the 74-key luxury boutique hotel located on Manhattan’s Upper East Side. Blue Owl Capital has provided a $106-million senior loan replacing the existing debt on the lodging property at 28 E. 63rd St., which has been…
Greysteel has arranged the sale of the Culpeper Technology Park, a 71-acre data center development site located at 15140 Keyser Road in Culpeper, Virginia. Blue Owl Capital, through its portfolio company Stack Infrastructure, acquired the asset from RACM for $66.35 million. Greysteel Senior Director Zach Benlemlih…
Gantry has secured a $14.6 million construction-to-permanent loan for the Milano Issaquah Apartments, planned for delivery at 2300 Newport Way NW in Issaquah, just east of Seattle, Washington. Strategically located within the Central Issaquah Plan Area near major local employers, including Costco’s global…
JLL Capital Markets arranged a $67.256-million refinancing for Eliot on Ocean, a 194-unit multifamily property at 660 Ocean Ave. in Revere Beach, MA. Senior managing directors Scott Aiese and Tom Sullivan and director Alex Staikos represented the borrower, Invictus Real Estate Partners, in securing a three-year,…
Delightful Development Co. and Woodbine Development Co are joining forces on a $160 million luxury resort fronting Main Street and 23rd Street spanning in the Ft. Worth Stockyards. The project, situated on 3+ acres, includes 225 rooms and suites across two independently positioned luxury hotels, both sharing a…
Joby Aviation signed a lease for 45,000 square feet at Alliance Air Trade Center in Haslet, part of Perot Field Fort Worth Alliance Airport. Located within Hillwood’s 27,000-acre AllianceTexas development, the leased space marks the first significant North Texas presence by an electric vertical takeoff and landing…
RAMROCK Real Estate acquired Ridgmar Mall (shown) and plans to redevelop the property as Ridgmar 30 Logistics Crossing, a six-building Class A development totaling approximately 930,960 square feet. Located at the northeast corner of Interstate 30 and State Highway 183 in Fort Worth, the project will replace the…
Rockwell Property Company purchased the Hayden Park, a 182-unit apartment community at 3015 North Hayden Road in Scottsdale, Arizona, for $42 million. It’s just outside of Old Town Scottsdale. The Hayden Park purchase marks Rockwell’s seventh acquisition in Arizona. Built in 1985 on 8.7 acres, Hayden Park comprises…
Rockefeller Group purchased a 34.1-acre logistics site in Glendale, Arizona, from IndiCap and its capital partner. Rockefeller Group and IndiCap will partner to develop West Olive Logistics Center, a 552,000-square-foot industrial building located at the northwest corner of West Olive Avenue and North Reems Road in…
CBL Properties and Greystar broke ground on a mixed-use development at CoolSprings Galleria in Franklin, Tennessee. The project will bring 361 residences and approximately 15,000 square feet of new retail and restaurants to the CoolSprings Galleria campus. In June, CBL announced it had sold a 5.35-acre parcel of…
Eldridge Capital Management announced a $278 million loan to refinance Ten Twenty Spring, an office building in Atlanta, owned by Portman and funds affiliated with Blackstone Real Estate. Eldridge has backed the property since construction. It was delivered in December, 2024. Across 25 stories, Ten Twenty Spring…
The United Group of Companies closed on a $52 million loan to refinance Alloro at University Groves, a 55+ apartment community at 3540 Broadway Ave, in Sarasota, Florida. A Walker & Dunlop Capital Markets Real Estate Finance team led by Walker Layne, Matthew Wallach, Stephen West, Austin Sneed, and Tyler Evenson…
Hawkins Way Capital and joint venture partner Varde Partners completed the acquisition of 81 E. 3rd St., a student housing property located in Manhattan’s East Village. Acquired for $28 million, the off-market transaction marks a strategic addition to the growing FOUND Study student housing portfolio and expands…
The Ardent Companies and Ironwood Development Partners announced the opening of a Class-A self-storage facility in Woonsocket, RI. Located at 153 Hamlet Ave., the three-story, 80,000-square-foot property features 913 climate-controlled units. It will be managed by Extra Space Storage. The project marks Ardent’s…
JLL Capital Markets has been retained by Traingle Equities as sales advisor for Lighthouse Point, a newly completed, transit-oriented, Class A multifamily waterfront development located at 5 Bay St. in the St. George neighborhood of Staten Island. The asking price is $45 million. Lighthouse Point is a mixed-use…
Lightstone Capital, Lightstone’s real estate debt platform, recently closed three originations totaling $70 million across California and Texas. The financings include two multifamily communities in the San Diego region and an industrial property in the greater Houston logistics corridor. In California, Lightstone…