What happened, and who moved.
Northmarq’s New York Metro Debt + Equity team led by Robert Delitsky and Keith Braddish arranged the $15-million refinance of Atlantic Plaza Shopping Center. The 34,949-square-foot, multi-tenant anchored center is located at 102-20 Atlantic Avenue in the Ozone Park section of Queens. Northmarq arranged the…
Newmark arranged the sale of EmeryTech, a creative office campus at 1400 65th St. in Emeryville for an undisclosed sum. Executive Vice Chairman and President, Western Region Capital Markets Steve Golubchik, Vice Chairman Edmund Najera and Senior Managing Director Darren Hollak represented buyer Cannae Partners as…
Marcus & Millichap finalized the sale of 5035-49 Guava Ave., an 81-unit seniors affordable multifamily property located in La Mesa. The property sold for $12.5 million, or $154,320 per unit. “Age-restricted communities with long-term affordability protections are rarely available for acquisition in San Diego…
NAI DiLeo-Bram & Co. (NAIDB) is marketing 240 Circle Drive North, a 74,500-square-foot industrial building situated on approximately five acres in Piscataway, NJ. The property features a 6,000-square-foot office component and is suited for an owner-user buyer seeking to establish or expand their strategic foothold…
Olmstead Properties has signed Luckin Coffee to a new 10-year, 1,200-square-foot retail lease at 180 Varick St., bringing one of the country’s fastest-growing coffee brands to the base of the historic Hudson Square office building. Luckin Coffee will replace a neighborhood pizzeria and deli that had occupied the…
Merchants Capital announced the closing of Merchants Capital Tax Credit Equity Fund 31, a $160 million multi-investor fund with 10 institutional investors. Merchants Fund 31 will infuse equity into nine affordable housing properties, creating or preserving more than 1,400 affordable homes in Rhode Island, Ohio,…
Northeast Private Client Group (NPCG) arranged the $3,525,000 sale of 250 Main ST. in Boston’s Charlestown neighborhood. Investment associate Tom Egbers represented the seller and procured the buyer. 250 Main St. is a mixed-use property located in Charlestown. The property offers the buyer a well-positioned…
Peak Construction Corporation has been awarded Scannell Properties’ Interstate Aviation Hub in Union, Ohio. The 305,480-square-foot speculative building with 36’ clear height will feature 34 docks, two drive-in doors, 26 knock-out panels, 130 car spaces, 83 trailer stalls and 2,755 square feet of office. Peak is…
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Lincoln Park West, a 37,615-square-foot iconic retail asset located at the heart of Lincoln Park. The offering featured a durable rent roll and the opportunity to significantly add value through lease-up or adaptive reuse of…
The Wellington Resort in Newport, RI has been listed for sale by Gustave White Sotheby’s International Realty, the Providence Business Journal reported. Located at the intersection of Thames Street and Wellington Avenue, the waterfront property is listed for $55 million. The resort at 551 Thames St. features 52…
Vulcan Real Estate announced that Coffee TAB, a nonprofit coffee shop and workforce development program, is opening this summer at 23rd & Jackson in Seattle’s central area. The location will activate the northeast corner storefront at 23rd & Jackson, owned by Vulcan Real Estate. With locations in Belltown and…
Industrial investor and developer CapRock Partners announced that Building 1 at CapRock Central Point III in Visalia has been fully leased to an undisclosed global corporate tenant. The 1,270,750-square-foot commitment ranks among the largest industrial lease transactions completed in California’s Central Valley in…
Bridge Logistics Properties announced the acquisition of 6920 192nd Street, a 782,775-square-foot distribution facility located in Frederickson, Washington, within the Seattle-Tacoma metro area. The transaction marks BLP’s largest acquisition in the Seattle market to date, further establishing its presence in the…
Maria Burke Interiors, LLC is moving its design studios and five employees to Townside Shopping Center, a 60,000 mixed-use project located in Charlottesville, Virginia. Founded in 2015 by Maria Burke, the firm intends to take occupancy of the new space at 2215 Ivy Road by early fall. Sam Orr and Brian Thomas of…
JLL landed the listing on The Stack, the distinctive 16-story office tower in the Deep Ellum district of Dallas. The property is owned by a joint venture between Westdale Real Estate Investment and Management, Ivanhoé Cambridge and Hines. It was completed in 2021. The 217,000-square-foot building is 100% leased.…
The Korea International Trade Association (KITA) is launching a comprehensive, $200-million redevelopment to reposition 460 Park Ave. as a next-generation office destination. A JLL team led by vice chairmen Dave Kleiner, Frank Doyle and Cynthia Wasserberger and SVP Michael Pallas will handle marketing and leasing…
A partnership between Benchmark Real Estate and Regal Ventures has acquired an 85,053-square-foot industrial building in Easton, Pennsylvania, that is fully occupied by a designer and manufacturer of ergonomic workspace solutions. The property, located at 100 Kuebler Road, serves as the global headquarters of Human…
Trademark Property Company (Trademark) and Harrison Street Asset Management are ready to get started on the redevelopment of the 43-year old Lincoln Square. The joint venture partners are investing $135 million in the new venture, to be called Anthem. InterBank is providing refinancing and construction financing…
MAG Capital Partners has completed the sale of more than 1.37 million square feet of long-term, net-leased industrial assets primarily acquired through its MAGCP Industrial Fund II, LP, in a six-property transaction with Fundamental Income Properties, a wholly owned subsidiary of Starwood Property Trust. The sale…
Golden Horizons Enterprises inked a $73.1 bridge loan on Merrick on Camelback, a 334-unit built-to-rent community in Phoenix, Arizona. The financing was arranged by Lument and originated by Arcus Real Estate Capital. The bridge loan has a three-year term with two one-year extension options. Golden Horizon…
Triten Real Estate Partners acquired 3 Corners West, a 283-unit apartment community in Houston’s Memorial/Spring Branch submarket. The acquisition completes Triten and Evergen Equity’s purchase of the three-property 3 Corners multifamily portfolio after the partnership acquired 3 Corners North and 3 Corners East in…
CyrusOne is pursuing the construction of a 460,000-square-foot data center in Medina County. The project is estimated to cost $500 million. The facility is at 3397 U.S. Highway 90 W., just west of San Antonio The project, identified as “SAT14A,” has an estimated completion date of June 2027. The data center…
Lenovo opened its new smart campus in Whitsett for everyone to see. The new campus is located near Lenovo’s fulfillment center. The multi-million dollar facility will be used to build servers and manufacture products for customers in North Carolina. The $145 million investment expands the Whitsett facility…
A joint venture of East Capital Partners and Tranview Capital offloaded an eight-building multitenant industrial portfolio for $35 million. The 230,000-square-foot Airport Jax Small Bay Portfolio was 92% leased at the time. It’s being rebranded at InSpace at Jax. A CBRE team made up of Kyle Fisher and Kyle Murphy…
The 304-unit Heron Pond condominium community in Pembroke Pines was acquired by Integra for $20.5 million. All units located on the property have been vacated due to safety concerns, resulting in the Receivership and the termination of the Condominium Association, thereby allowing the Receiver to market and sell as…
A real estate fund run by Mesirow acquired the Sixty 11th Apartments for $132 million. The Atlanta Business Chronicle reports the seller was 60 11th Street LLC. It purchased the 1.25-acre site in care of Daniel Realty Co. LLC, an affiliate of Daniel Corp., in 2014. The tower was a joint venture between Daniel…
E Ink, an originator, pioneer and global commercial leader in ePaper technology, broke ground on the expansion of its U.S. headquarters in Billerica, MA. The project expands the footprint at the company’s Billerica Innovation Center, which is home to 260-plus E Ink employees and serves as a key global R&D center.…
The Trust for Governors Island has released a Request for Expressions of Interest (RFEI) for the revitalization of two historic buildings on the Island, Building 324 and Building 330. The RFEI invites ideas from prospective partners for the revitalization of these historic assets, bringing them…
The Massachusetts Department of Transportation (MassDOT) on Friday released an Invitation to Bid for the redevelopment of approximately 20 acres of waterfront property along the Taunton River in Fall River. The site represents one of New England’s largest waterfront redevelopment opportunities directly adjacent to…
Breakthrough Properties and Tishman Speyer announced a joint investment in a $90-million mezzanine bridge loan for Aperture Del Mar, a newly constructed, 538,000-square-foot Class A life science campus in San Diego. The borrower, Gemdale USA, will use the proceeds to refinance an existing loan. The four-building…
Logos Faith Development, a Los Angeles-based affordable housing developer partnering with faith communities across Southern California, announced 15 groundbreakings planned across 2026, 2027 and 2028. In support of that growth, Logos has signed a long-term lease for new headquarters in Downtown Los Angeles. The…
Greystone has provided a total of $91,851,000 in Fannie Mae loans to refinance and acquire three affordable housing communities located in New York. The financing was originated by senior managing director Eric Rosenstock and EVP Jeff Englund on behalf of Metropolitan Realty Group. The financing includes three…
Woodside Health, an Ohio-based private equity firm specializing in healthcare real estate, has completed the sale of Cornerstone Plaza, a medical and retail property located in the Dallas-Fort Worth metropolitan area. Built in 2002, the property is strategically positioned in Southlake, Texas, and the asset is…
JPMorgan Asset Management has sold its 49% interest in Fisher Brothers’ 605 Third Ave. at a $425-million valuation. Fisher Brothers is now seeking a new institutional partner on the 43-story, one-million-square-foot Midtown Manhattan office tower. Newmark’s Adam Spies, Josh King, Adam Doneger, Marcella Fasulo and…
Woodside Health, an Ohio-based private equity firm specializing in healthcare real estate, has completed the sale of Cornerstone Plaza, a medical and retail property located in the Dallas-Fort Worth metropolitan area. Built in 2002, the property is strategically positioned in Southlake, Texas, and the asset is…
Clear Investment Group, a Chicago-based real estate investment firm, has acquired Woodland Estates, a 300-unit multifamily community in Southeast Washington, D.C. The acquisition marks the firm’s second investment in the Washington metropolitan area, bringing its regional portfolio to nearly 1,000 apartment units.…
A nine-unit apartment complex in Wenatchee, Washington, has sold for $1.85 million. Kidder Mathews Vice President Max Frame of the Simon Anderson Multifamily Team, based at the firm’s Seattle headquarters, represented the seller. Located at 475 N. Elliott Avenue, the 6,444-square-foot property was built in 2015 and…
Crews recently broke ground on a North Lawndale community, the Trumbull Collection, a group of nine market-rate three-flat apartment buildings. The $6.5 million project will replace eight vacant lots on the 1600 and 1800 blocks of S. Drake Ave. and S. Trumbull Ave. with 27 mid-density homes. The city-backed project…
Bluhawk, a 277-acre master-planned development in Overland Park, Kansas, announced a new lineup of tenants led by outdoor lifestyle brand L.L.Bean. The lineup includes L.L.Bean, Spavia Day Spa, JETSET Pilates, Chicken Salad Chick, Brookside Barkery & Bath, Amorino, Everbowl and Bruú Café, with additional tenants to…
Keller Investment Properties will refinance a 13-property portfolio through a $718.5 million CMBS loan. Six are in Utah, four in Nevada and three in Arizona. Multihousing News reports that a Nomura affiliate will provide a two-year, floating-rate, interest-only loan. Approximately $696.3 million will refinance…
The Williams Companies, a midstream energy giant based in Omaha, finally bought the tower with its name on it. The Williams Companies acquired the 64-story, 1.4 million-square-foot tower at 2800 Post Oak Blvd. just south of The Galleria mall for $300 million. The Houston Business Journal reports that Williams’…
Stonelake Capital Partners broke ground on 2626 McKinney, its new 17-story office building on McKinney Avenue. The Dallas Business Journal reports the tower will have 173,774 square feet of office space along with 7,067 square feet of ground-floor retail space in Uptown. Stonelake announced in June that it secured…
Three buildings totaling 706,395 square feet at Legacy Central in Plano have been listed for sale by JLL. The buildings are fully leased to a variety of blue-chip tenants, including Samsung Electronics, Nokia, Freddie Mac and Publicis. Samsung announced last month that it had chosen the offices to be its corporate…
Trilogy Real Estate Group has received a $64 million construction loan for the development of The Albion, a 325-unit apartment community being built in Valrico, Fla. The project, located 14 miles east of downtown Tampa, is slated for delivery in the fourth quarter of 2028. Multihousing News reports the financing is…
The Smash ATX bar is slated for demolition. In its place…a dual-branded Hilton hotel. Peachtree and Merritt Development are joining forces on the project, which will be an Embassy Suites by Hilton and Tempo by Hilton hotel. The hotel is expected to have 480 rooms. The room breakout will consist of 184 Embassy…
Radnor Property Group and the Madrone Community Development Foundation have closed on financing needed for a $147 million, 305-unit, 793-bed student housing development in Atlanta. Multihousing News reports construction has begun, and the community is slated to be ready by fall of 2028 for students at Spelman and…
Hines Global Income Trust acquired the Design Center of the Carolinas from Asana Partners for $170 million. Once the Nebel Knitting Mill, Asana bought the various components of the historic development and turned them into offices, retail spaces and restaurants. Commercial Search reports that the set of buildings…
Greystar has received a $3.8-million Housing Development Incentive Program (HDIP) award from the Massachusetts Executive Office of Housing and Livable Communities to support the redevelopment of 437 Whittenton St. in Taunton, MA. The long-vacant Whittenton Mills site will be transformed into a 390-unit apartment…
Merritt Properties acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park in Jacksonville’s Butler Corridor. The deal is the first major transaction announced since the company secured a $750 million investment led by Centerbridge Partners to accelerate its long-term growth…
The 800-acre campus of Hampshire College, the Amherst school that’s expected to shut down this fall, could be rezoned to allow for housing, community or business use, reported the Boston Business Journal. The town of Amherst aims to have a draft of the official zoning plans by January 2027, officials said. Housing,…
M&T Realty Capital Corporation (M&T RCC) closed on a $141.4-million bridge loan for Anagram Turtle Bay, a newly constructed 194-unit multifamily community located at 300 E. 50th Stt. in Manhattan’s Turtle Bay neighborhood. The financing was provided to an ownership group led by Global Holdings, MAG Partners, and…
Marcus & Millichap has completed the sale of 1939 N. Kenmore Ave., an 18-unit multifamily property located in Los Angeles. The property sold for $5.28 million. “Properties with this charm and character that have been owned by the same family for several decades rarely come to market in Los Feliz,” said Jeff Louks,…
Interstate Equities Corporation (IEC), a vertically integrated real estate investment and management firm specializing in multifamily properties throughout California and Washington, reached the final close of IEC Institutional Fund VI (with $215 million in equity commitments. The new fund continues IEC’s value-add…
RIPCO Real Estate announced it has successfully arranged a $28.3 million bridge loan for The Arbor College Park, a 134-unit multifamily community located at 4800 Berwyn House Road in College Park, Maryland. The financing represents a modified bridge upsizing with RMWC, the same lender that provided the property’s…
Pacific IOS Ventures, a West Coast-focused industrial real estate investment company, has acquired 10001 N. Rivergate Boulevard, a 15-acre industrial property located within Portland’s Rivergate Industrial District. Strategically positioned within one of the Pacific Northwest’s premier industrial and logistics…
Hines has placed an Uptown apartment development up for sale. The 22-story, 345-unit Maple Terrace Residences is being marketed by JLL. The Dallas Business Journal reports the property at 3003 Maple Ave. is part of a mixed-use property that includes 155,000 square feet of office space and more than 15,000 square…
Colliers announced that Working America has signed a 14,354-square-foot lease at 1725 Eye Street, NW in Washington, D.C. The transaction was led by Colliers Executive Vice President Mark Sullivan, Senior Vice President Matt Venos and Client Services Coordinator Cassidy May on behalf of the landlord, Cafritz.…
Associated Bank announced the completion of a $6.98 million term loan to Transport Properties and GFH Partners to finance a 75,250-square-foot industrial building located at 3003 Etna Parkway in Pataskala, Ohio, 20 miles west of Columbus. The building, completed in 2022 and leased to Thayer Power & Communication,…
Skanska announced continued progress on Bevel, its planned 12-story mass-timber office tower in downtown Bellevue. The project remains in the architectural design and entitlement phase with the City of Bellevue, as Skanska, Mithun + Waugh Thistleton, and other project partners continue to advance plans for the…
111 Point, an office-to-apartment conversion, has surpassed the 65 percent leased milestone, with 100 of its 153 luxury apartment residences now leased since pre-leasing kicked off in April and the property first welcomed residents in May. Designed by Pappageorge Haymes Partners and developed by Path Construction…