What happened, and who moved.
Richmond, south and west of Houston, is a town of just over 11,000 residents, but like a lot of other Texas towns, its growing. So much so that a development team is considering building a mixed-use project that includes a Sam’s Club warehouse store. Called Circle Oak, the George Foundation recently sold the land…
The Dinerstein Cos. and PGIM closed on an $81 million refinancing loan for Atlas Peakview, a 330-unit multifamily community in Centennial. Mesa West Capital funded the loan in a deal arranged by Walker & Dunlop. Multihousing News reports that Atlas Peakview was delivered in 2025 and has since reached 85 percent…
Trademark Property Co. has secured a $55 million refinancing loan for Westbend, a 281,000-square-foot mixed-use campus comprising office and retail space in Fort Worth. PGIM issued the seven-year note, which retired a previous loan in the same amount originated by JP Morgan in 2016. Commercial Search reports…
Stonemont and capital partner PCCP have completed the $1-billion acquisition of a 38-building portfolio of industrial assets in key Sunbelt markets. On LinkedIn, Atlanta-based Stonenont identified the seller as Link Logistics, a Blackstone company. The 95% leased, portfolio encompasses 5.9 million square feet…
A public-private partnership led by Harmony Housing Affordable Development Inc. (HHAD), Gilbane Development, and F7 International Development, comprising Raleigh Community Partners, has capitalized Chapanoke, a $93 million, 200-unit affordable project in Raleigh. Multihousing News reports financing included…
Baron Property Group announced the closing of a $226.5 million refinancing for Metro Parc, the mixed-use development with rental residences, amenities and retail in Hialeah. Madison Realty Capital and Yellowstone Real Estate provided the refinancing. The financing replaces the project’s construction loan and serves…
Marcus & Millichap finalized the sale of 1990 Maple Ave., a 41-unit multifamily property in Costa Mesa. The property sold for $16.9 million or $412,195 per unit, approximately $550,000 above the property’s 2018 selling price. “Sundance West Apartment Homes presented a rare opportunity to acquire a low-density…
U.S. apartment rents were essentially flat in July, with the national average rising +0.03% to $1,747 from June’s upwardly revised level of $1,746, CoStar Group’s Apartments.com reported Wednesday. This marks the eighth consecutive month of positive rent increases following a period of flat to declining monthly…
BGO and Yukon Real Estate Partners announced the sale of New Century Cold Storage, a newly built 291,000-square-foot, plant-attached, rail-served cold storage warehouse in New Century, Kansas, to a MetLife Investment Management client. The facility, owned and co-developed through a joint venture between BGO and…
JLL has completed 24,107 square feet of leasing activity at 757 Third Ave. The leasing activity comes as New York Life continues to enhance the Midtown East office property with planned cosmetic renovations to the lobby and the rollout of a new prebuilt office program. Rectn leases include the following: ●…
The Swig Company has leased 44,000 square feet at The Mills Building to artificial intelligence platform Clay. The lease was announced two weeks after Swig refinanced the circa-1891 property at 220 Montgomery St. in San Francisco’s Financial District. “The Mills Building continues to attract companies seeking a…
Marcus & Millichap arranged the sale of 470 Pine St., a multi-tenant building in downtown Manchester, NH. The asset sold for $3.9 million. “By exposing this opportunity to investors across the country, we were able to identify an out-of-state group that outperformed the local New Hampshire market,” said Luigi…
The Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% on Wednesday, extending its policy pause for a fifth consecutive meeting while delivering a clear signal that the debate inside the central bank has become increasingly hawkish. Although the decision was largely anticipated, the…
Marcus & Millichap Capital Corporation (MMCC) arranged $9,790,000 in financing for the acquisition of a 13,575-square-foot mixed-use multifamily and retail property located at 235-237 Kent Ave. in Brooklyn’, New York’s Williamsburg neighborhood. Bradley Buzil, senior director in MMCC’s Los Angeles office, secured a…
Atlantic Capital Partners announced the sale of North Towne Commons, a 98,268-square-foot neighborhood shopping center located in Toledo, Ohio, for $6.2 million. Teddy Driscoll, Associate at Atlantic Capital Partners, exclusively represented both the buyer and the seller in the transaction. Shadow-anchored by…
Friedman Real Estate’s Derek DeLaura and Andreanna Grillo successfully completed the sale of an 81,426-square-foot Technology Center located at 813 Diligence Drive in Newport News, Virginia. Friedman represented the seller, a private investor, in the transaction. The buyer, Cove Capital, purchased the property for…
CBRE arranged the sale of Talavera, a 293-unit apartment community in Folsom, to New York-based Sentinel Real Estate. Talavera was the first asset to become available in the Folsom submarket in four years. CBRE’s Marc Ross, Eli Hanacek, Joe McNamara and Claire Holt represented the sellers, USA Properties & Strand…
Columbia Property Trust, Inc. has finalized more than 72,000 square feet of office and retail leasing at 1800 M Street, its recently repositioned 565,000-square-foot office tower in the heart of Washington, D.C.’s Central Business District. Over the past two years, Columbia has secured more than 242,000 square feet…
A Hyatt Place and a Hyatt Studios are slated to be built on Salt River Pima-Maricopa Indian land near Scottsdale along Loop 101. A groundbreaking was recently held for the Arizona Boardwalk Hyatt Place at Talking Stick (shown), a four-story, 142-room hotel that will be constructed adjacent to Arizona Boardwalk, the…
CenterSquare has acquired a significant portion of Geneva Commons, adding the property to its essential service retail portfolio. Geneva Commons is located along Randall Road, and the center includes over 80 retailers and restaurants spread over 418,000 square feet. CenterSquare purchased six buildings totaling…
MonticelloAM, along with a firm affiliate, closed a bridge loan for an apartment complex in McHenry, Illinois. The transaction was brought to MonticelloAM by Trent Niederberger of JLL Chicago. MonticelloAM Senior Managing Director Darryl Myrose worked with the JLL Chicago team on the origination of the transaction.…
The Federal Reserve voted to hold its benchmark interest rate steady at 3.5% to 3.75% on Wednesday, maintaining the policy target range established in January. The decision was not unanimous, as three central bank officials dissented in favor of a quarter-point rate increase: Cleveland Fed President Beth Hammack,…
JLL announced that Lincoln Property Company’s Logistics Fund II has acquired Canyon Road Commerce Center, a 275,000-square-foot industrial campus in Pierce County, Washington. As part of the acquisition, Lincoln has appointed JLL as the property’s exclusive leasing agent, launching a leasing initiative aimed at…
Lario Investments is planning to build a mixed-use project in Denver’s Cherry Creek North area. The investor filed plans with the city to replace a three-story office building at 2702 E. 3rd Ave., built in 1966, with a five-story, 106,811-square-foot mixed-use building. The Denver Business Journal reports Lario…
BXP, Inc. has closed a $1.2-billion construction loan for the development of 343 Madison Ave., a planned 46-story, approximately 930,000-square-foot office tower in Midtown Manhattan with direct access to Grand Central Terminal’s Madison Concourse. The Boston-based REIT expects to complete the $2-billion project,…
Worth & Associates acquired The Commons at Concord Park, a four-building, 108,116 square-foot office campus located at 300 E. Sonterra Blvd in San Antonio’s Stone Oak submarket. It brings the company’s total owned portfolio to 3 million square feet. The Commons at Concord Park currently features 17,131 square feet…
A new four-story, mixed-use development featuring apartments and a variety of shops, offices and restaurant space is planned for Downtown Arlington. Under the agreement between the city of Arlington and Wolverine Interests, Wolverine would invest at least $60 million by 2029 to redevelop the 500 and 600 blocks of…
Flexential purchased 110 acres in Kaufman County, Texas, to build its fourth and largest facility in the Dallas-Fort Worth metroplex. The planned 375,000-square-foot Phase 1 development, southeast of the DFW metro in Talty, has secured power to support 36 MW of capacity for wholesale and multi-tenant colocation…
Bill Ackman’s Pershing Square Foundation will pay $260 million to acquire two Upper West Side buildings that will house a brain research facility, according to published reports. The foundation acquired 125 West End Ave., which currently houses a 400,000-square-foot life sciences and research campus known as West…
Arrow Real Estate Advisors arranged an $85 million construction loan on behalf of Northlink Capital for the development of 7200 Collins Avenue, a 222-unit luxury condominium project in Miami Beach, Florida. The financing, provided by Deutsche Bank, refinances existing debt and will fund the ground-up construction…
Urban Logistics Realty acquired 53 acres of Harris Ranch in Denton, Texas. The acquisition of Harris Ranch will kickstart Phase I of an industrial development featuring five buildings totaling 656,007 square feet. The Phase I buildings will range in size from 69,000 to 193,000 square feet. The project offers a…
Stewards Inc. completed a $79 million refinancing of 1818 Park, its luxury multifamily residential community in downtown Hollywood, Florida. Multihousing News reports Stewards acquired 1818 Park last August for $190 million. 1818 Park is a 22-story luxury residential community offering studio, one-, two- and…
Core Spaces (Core) closed financing and broke ground on the Hub Athens Dougherty, a new 1,656-bed purpose-built student housing community located near University of Georgia set to deliver in 2028. Multifamily News reports Hub Athens Dougherty will include 536 units and 1,656 beds across a mid-rise development,…
White Lodging will break ground this month on a new Autograph Collection (Marriott) hotel in Charlotte’s South End neighborhood, marking the company’s fifth Autograph property in its national portfolio of more than 60 hotels. Situated at the intersection of South Tryon Street and Bland Street, the project is the…
JLL has begun marketing 307 Bruckner, a newly developed 100,000-square-foot industrial property in the Bronx. Developed by the Sterling Organization and scheduled for delivery in the third quarter of 2026, 307 Bruckner combines a high-bay warehouse with covered fleet parking. Vice chairman Leslie Lanne, SVPs Jeremy…
Paragon Commercial Group has completed the off-market acquisition of a grocery-anchored shopping center in the Tujunga neighborhood of Los Angeles. Located on Foothill Boulevard in northeastern Los Angeles along the foothills of the San Gabriel mountains, the 46,055 square-foot property was acquired from the family…
Sky Equity Group, the New York City-based real estate development firm founded by Simon Dushinsky, one of New York’s most active developers, has launched vertical construction at 65 Franklin St., an upcoming luxury condominium in Manhattan’s Tribeca neighborhood. With foundation work complete, the 24-story tower is…
CBRE completed a full-building lease for 136,612 square feet to an undisclosed tenant at Irvine Commerce Center, a Class A industrial building located at 18582 Teller Ave. in Irvine. EVPs Ross Bourne and Ross Fippinger and senior associate Joe Czech represented the owner, an Ares Real Estate fund. Marq Logistics,…
Franklin Templeton and its real estate investment manager Clarion Partners announced Clarion Partners Real Estate Income Fund Inc.’s acquisition of Main Avenue Shopping Plaza, a 156,568-square-foot grocery-anchored community shopping center in Norwalk, CT. The purchase price was not disclosed. JLL represented the…
Marcus & Millichap Capital Corporation (MMCC) arranged $16.54 million in financing for the construction of Common Place Phase II, a 91-unit mixed-use multifamily property with a first-floor retail unit located within walking distance to Lambeau Stadium at 670 Mike McCarthy Way in Green Bay, Wisconsin. Robert Bhat,…
Sares Regis Group of Northern California and Bell Partners LLC announced the sale of Celeste Apartments, a 195-unit multifamily community in South San Francisco. The LEED Silver certified property, located at 401 Cypress Ave. and adjacent to the Caltrain station, was acquired by Bell Partners on behalf of its Bell…
Opus has begun on Canal Crossing Commerce Center, an 898,500-square-foot three-building speculative industrial development on 72 acres in Canal Winchester, Ohio. Canal Crossing Commerce Center is optimally located three miles from I-270, five miles from Rickenbacker International Airport and 10 miles from downtown…
Marcus & Millichap closed the sale of the Delhi Street Portfolio, a three-building multifamily portfolio in Boston, for $4,875,000. The firm’s Evan Griffith and Tony Pepdjonovic marketed the property on behalf of the seller, a local partnership. The portfolio is located at 157-159, 161-163 and 165-167 Delhi St. in…
The Phoenix metro will have more hotels open this year than any other major city in the United States. The Valley of the Sun is expected to have 26 hotel projects open before the end of the year. The Phoenix Business Journal reports that accounts for 3,615 new hotel rooms being added to the regional ... The post…
Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, and BlackRock Inc. have formed a joint venture to develop and operate a data center campus in El Paso. The companies project that total development costs for the 1-gigawatt (GW) campus will be approximately $14 billion. Meta will provide…
Marcus & Millichap completed the sale and financing of 1520 S. Caton Ave., a two-building office complex in Baltimore, Maryland. The asset sold for $6.94 million. Marcus & Millichap Capital Corporation (MMCC) secured $6.84 million in financing. “The buyer, a regional aviation services company, intends to partner…
Ocean West Capital Partners executed an eight-year lease extension with the District of Columbia, through its Department of General Services, at Sentinel Square II, located at 1050 First Street NE in Washington, D.C.’s NoMa submarket. The District has been a valued tenant at Sentinel Square II for nearly a decade.…
Lone Star Funds bought Premier Place, a 458,000-square-foot tower at 5910 N. Central Expressway. Glenstar Properties was the seller. A JLL team led by Jonathan Napper brokered the sale. The tower is about 94% leased. The Dallas Business Journal reports the Dallas Central Appraisal District assesses the value of the…
Sentinel Real Estate has acquired Willow Apartments, an upscale mid-rise multifamily community located in Lake Oswego, Oregon, just southeast of downtown Portland. Completed in 2024, the property is a 158-unit, five-story building that offers a mix of one-, two-, and three-bedroom residences. “Willow Apartments…
Harrison Street Asset Management has sold Clearwater at Riverpark, a 136-unit Class A independent living community in Oxnard. Although JLL, which arranged the sale, did not disclose the sale price or specify the buyer, published reports said healthcare REIT Ventas paid $55.7 million. Built in 2018 within the…
Colliers announced the lease of Velocity 74 Trade Center, located at 9201 North Frontage Road in Fairland, Indiana. Colliers | Indianapolis industrial advisory executive vice presidents Jimmy Cohoat and Jason Speckman represented the landlord, Browning Investments, an Indianapolis-based real estate development,…
Associated Bank announced the completion of a $28.35 million loan to a joint venture of North Park Ventures and SNS Realty Group for development of a new transit-oriented residential development in Chicago. The loan included funds for acquisition of the former Tortenson Glass Co. which consists of nearly 30,000…
Wideman Co. acquired the 35-story TotalEnergies Tower at 1201 Louisiana St. from Brookfield Properties. The 850,000-square-foot tower was originally built in 1971. It has undergone numerous upgrades that included adding a fitness facility and adjacent bike room. The lobbies were previously renovated in 1996. And…
Cerberus Capital Management has acquired a $1.3-billion loam book with heavy exposure to rent-regulated apartments in New York City, Bloomberg News reported. The seller was OceanFirst Financial Corp., which priced the loans at about 92 cents on the dollar. With about $736 million of the $1.3-billion portfolio tied…
Ryan Companies is advancing a redevelopment of downtown Austin’s Sixth Street. The Austin Business Journal reports the redevelopment would take place on a full 1.8-acre block bounded by East Sixth and Fifth streets, Red River Street and Sabine Street. There are three buildings on the site now — a large one and two…
APREA and JSB Capital Group closed on a $202 million construction financing package with Bayview Commercial Mortgage Finance (BCMF) on The Avenue. The funding includes includes $109 million of C-PACE financing and a $93 million traditional construction loan. The milestone kickstarts construction of the mixed-use…
Simpson Commercial Real Estate and Brown Investment Properties purchased 61.7 acres near Toyota’s $14 billion battery manufacturing facility (shown), with plans to develop a mixed-use project to be called Woody Mill. The joint venture paid $8 million for the site. The Triad Business Journal reports the team is…
Ascent Housing paid $28.8 million for a 140-unit affordable multifamily community in Charlotte. To help fund the deal, the company closed on $15.9 million in acquisition financing. Eller Capital was the seller of the Reserve at Waterford Lakes at 8725 Kody Marie Court. Newmark arranged the sale and acquisition…
Newmark has arranged the $31 million sale of 26440 SW Parkway Avenue, a 205,100-square-foot industrial and manufacturing facility in Wilsonville, Oregon. Managing Director Mark Hush and Associate Director Jack Ward represented the buyer, DCI International. The sale ranks among the larger industrial transactions…
Affiliated Development has closed on a $74 million construction loan with Pacific Life Insurance Company for The Cove, a mixed-use, mixed-income multifamily development on the northwest corner of Sunrise Boulevard and Federal Highway in Fort Lauderdale. Just over half of the 374 units will be restricted to families…