What happened, and who moved.
Comstock Holding Companies announced the signing of a 77,000-square-foot office lease with QTS Data Centers at 1800 Reston Row Plaza in Reston Station. The long-term lease encompasses the entire 11th, 12th, and 13th floors of the building. Blackstone owns QTS Data Centers, an independent data center operator.…
Krea USA nabbed a $61.8 million construction loan for a multifamily development in Lauderhill, Fla., property records show. The financing from Abanca Bank covers the 385-unit Le Parc at Lauderhill development, at 3831 Northwest 13th Street, just east of the Lauderhill Mall and North State Road 7. The 10-acre…
BlackRock has acquired more than 3,600 rental residential units in Southern California in one of the region’s largest commercial real estate deals in recent memory. It’s also the largest U.S. multifamily sale since June 2024. One of the investment vehicles run by the asset management titan put down $1.63 billion…
Texas Gov. Greg Abbott announced a moratorium on data center developments across the state until regulators can audit proposals that are seeking connection to the state’s power grid. Abbott is utilizing the Public Utility Commission of Texas and the Electric Reliability Council of Texas, which manages the state’s…
The parcel offers more than 1,000 feet of frontage along Florida's Turnpike.
Salad and Go, a made-to-order fast-casual spot dishing up salads, wraps and breakfast options, has filed for Chapter 11 bankruptcy and revealed all locations will close down immediately. Founded in Gilbert, the chain has more than 60 stores in Arizona as well as a large distribution center on 27th Avenue in…
JLL Capital Markets said Wednesday it had arranged the $1.625-billion sale and financed a significant portion of the portfolio of an 11-property, 3,620-unit multifamily portfolio spanning Southern California’s most supply-constrained submarkets. The transaction by Camden Property Trust represents the largest U.S.…
JLL Capital Markets completed two Austin, Texas, transactions with Cousins Properties. JLL arranged the sale of Research Park Plaza V, a 172,854-square-foot office building in Austin’s Northwest submarket, and secured a preferred equity placement for 5th & Walsh, a 198,000-square-foot Class A office and retail…
Texas Christian University, American Campus Communities(ACC), and The Beck Group, marked a key topping out milestone for an on-campus residential development. The new residential community will deliver more than 2,500 beds across a mix of modern first-year residence halls and townhome-style housing for sophomores.…
Apollo's $1B will be used to pay down debt at SREIT, which is facing a liquidity crunch amid a flood of redemption requests.
Gary, Indiana is gearing up for fireworks in August as an $80 million blight elimination program is set to begin the demolition of vacant, derelict buildings. After demolishing the buildings, the city is hoping to revitalize its downtown with new developments including a new train station, offices and apartments,…
Ultimate Equity has acquired a 69-unit townhome community in Hollywood, Fla., for $32 million, Cushman & Wakefield announced. The gated community called Royal Oaks in the Emerald Hills neighborhood changed hands in an all-cash 1031 exchange acquisition at a record price per unit for the submarket, and a…
A historic New York City hotel has received a new round of debt financing. Kensico Properties has secured $106 million to refinance the Lowell Hotel, a 17-story, 74-key luxury boutique hotel on Manhattan’s Upper East that the firm purchased and redeveloped in 1984, Commercial Observer can first report. Blue Owl…
We can discuss the ethics of artificial intelligence creating art all day long, but the fact is these companies aren’t going anywhere anytime soon, and they need office space. Generative AI music platform Suno has taken 12,048 square feet across the fifth floor of 515 West 20th Street for its first New York City…
HOUSTON – (Realty News Report) – Discount stores including Nordstrom Rack, Burlington, HomeGoods, and dd’s Discounts are scooping up vacant retail spaces as they expand in the Houston market. Nordstrom Rack, the off-price retail division of Nordstrom with five locations in Houston, will take over a former Bed, Bath…
The sale is one of the largest condominium-to-multifamily rental conversions in Florida.
Prosper Group and European firm Versluys Group bought a condo development site on the Miami River in Brickell for $50 million. They put the 1-acre lot under contract last year from Harvey Hernandez’s Newgard Development Group and Two Roads Development. The property was part of the sellers’ One Brickell Riverfront…
GRAND PRAIRIE, TEXAS — Lee & Associates has negotiated a 56,780-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth. The tenant was not disclosed. According to LoopNet Inc., the building at 2401 W. Marshall Drive was completed in 1966 and totals 320,366 square feet.…
HOUSTON — The University of St. Thomas has broken ground on a 400-bed residence hall project on the institution’s campus in Houston. The 95,000-square-foot development will include a dedicated chapel and prayer room, courtyard and multi-use lounges and collaborative study zones. Units will be offered in two-,…
HOUSTON — Lindenmeyr Munroe has signed a 100,043-square-foot industrial lease in North Houston. The distributor of printing and packaging paper is taking space at Building 3 of Patriot Business Park, a newly constructed, three-building development that was formerly known as Veterans Memorial Business Park. Tyler…
CHARLOTTE, N.C. — New York-based Tishman Speyer has purchased Berkshire Dilworth, a 296-unit apartment community located at 1351 E. Morehead St. in Charlotte. Berkshire Residential sold the property to Tishman Speyer’s TS Plus fund for $76.3 million, according to the Charlotte Business Journal. The community is…
ATLANTA — A partnership between Pennrose, Radiant Development Partners and public partners including Atlanta Beltline Inc. has broken ground on Overlook at Garson, a 130-unit affordable housing community in Atlanta’s Buckhead district. The development is situated along the Beltline’s Northeast Trail at the…
MIDLOTHIAN, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of a 236-unit apartment complex in the southern Dallas suburb of Midlothian. Built in 2020, The Mark at Midlothian offers one- and two-bedroom units with an average size of 881 square feet and…
RESTON, VA. — Comstock Holding Cos. Inc. has signed QTS Data Centers, a data center owner-operator owned by Blackstone, to a long-term office lease at Reston Station. QTS will occupy 77,000 square feet on the 11th, 12th and 13th floors at 1800 Reston Row Plaza, which serves as the company’s new corporate…
Summa Terra Ventures and M13 Construction obtained a $50 million construction loan for Vic Centre Apartments, a 268-unit Class A multifamily community in Fort Worth. Concord Summit Managing Director David Larson and Director Keegan Burger arranged the financing on behalf of the project sponsor. The financing was…
Apollo's $1B will be used to pay down debt at SREIT, which is facing a liquidity crunch amid a flood of redemption requests.
Another multifamily community in Greater Phoenix sold to an out-of-state investor. San Diego-based ColRich acquired the Avia 266 apartments at 2354 West University Drive in Mesa for $52.4 million, AZ Big Media reported. Beverly Hills-based Geringer Capital was the seller of the 267-unit property, which will be…
Pimco Prime Real Estate is seeking roughly $653 a square foot for the Docusign-anchored tower, a price that would rank among San Francisco’s highest post-pandemic office trades as citywide vacancy hits its lowest point since 2023 and leasing volume approaches a three-decade high. A nearly fully leased San Francisco…
Cushman & Wakefield said Wednesday that its second-quarter earnings were strong enough to boost the commercial real estate services giant’s per-share earnings guidance for the year. “Our results this year demonstrated that we have hit our stride, and we’ve gotten there fast,” C&W CEO Michelle MacKay said Wednesday…
Zenith IOS, JPMAM Seal $215M Credit Facility With KeyBank, Truist As the industrial outdoor storage space continues to gain momentum, some key players are celebrating the next phase of their partnership with a fresh round of financing. Zenith Industrial Outdoor Storage and J.P. Morgan Asset Management (JPMAM) just…
CHARLOTTE, N.C. — A partnership between GMH Communities, AEW Capital Management and Wexford Science & Technology LLC has acquired land within The Pearl innovation district in Charlotte. The partners plan to develop ANOVA The Pearl, a 20-story, 382-unit luxury apartment tower. Completion is slated for summer 2028.…
HIXSON, TENN. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built restaurant in Hixson, a northeast suburb of Chattanooga. Chick-fil-A occupies the property on a 15-year ground lease that features 10 percent rent increases in the initial term as well as extension options. Don…
Brook Farm Group refinanced The Sinclair at Callaway Farm, a 388-unit, Class A multifamily community in Covington, Georgia. The $73 million refinancing from Prime Finance replaces the initial construction loan and preferred equity investment from the project’s inception in 2023. The refinancing was facilitated by…
Property Markets Group sued the condo association at the Elser Hotel & Residences, marking the latest dispute between them over control of the downtown Miami condo-hotel. Last week, an affiliate of Miami-based PMG sued 398 NE 5th Street Condominium Association, the property management firm RealManage and Steve…
FONTANA, CALIF. — Faris Lee Investments has negotiated the $5.3 million sale of a retail strip center in Fontana, located in Southern California’s San Bernardino County. Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee Investments handled the transaction. The names of the buyer and seller were not…
ALBERT LEA, MINN. — Marcus & Millichap Capital Corp. (MMCC) has secured a $4.8 million loan for the acquisition of a 127,869-square-foot industrial property located at 1851 Margaretha Ave. in southern Minnesota’s Albert Lea. Michael Hughes of MMCC arranged the five-year loan with a national bank on behalf of the…
DAVENPORT, IOWA — NAI Ruhl Commercial Co. has brokered the sale of the former Quad-City Times headquarters facility at 500 E. Third St. in Davenport. Rick Schaefer and Charlie Armstrong of NAI Ruhl brokered the sale. The Geifman Group, a longtime Quad Cities real estate owner and developer, purchased the property…
CHICAGO HEIGHTS, ILL. — MAG Capital Partners has acquired a 240,000-square-foot property that serves as the primary headquarters and manufacturing facility for Applied Acoustics International (AAI), a VisTech Manufacturing Solutions business and portfolio company of Angeles Equity Partners. AAI is a Tier 1 supplier…
AVON, OHIO — Cleveland Clinic has broken ground on a $322 million expansion of Cleveland Clinic Avon Hospital and the Richard E. Jacobs Health Center. The multi-phase project will significantly increase the size of the campus, increase capacity across emergency, inpatient and outpatient services and introduce new…
PROVO, UTAH — Six Ridge Partners, formerly Dakota Pacific, has divested of Riverwoods Business Park in Provo. Terms of the transaction were not released. Brandon Fugal, John Monson and Grant Lammerson of Colliers represented Six Ridge Partners in the transaction, while Summit Commercial Advisors represented the…
JLL and Sterling Bay announced a $213 million refinancing for 360 North Green, a newly constructed, 500,000-square-foot office tower in Chicago, Illinois. JLL worked on behalf of the borrower, institutional investors advised by J.P. Morgan Asset Management and Sterling Bay, to secure the three-year loan from…
Centric Development and Sage Equities traded five senior housing communities in Atlanta for $147 million. The buyer was not disclosed. The buyer is retaining the incumbent operator, Claiborne Senior Living, to manage the communities. The portfolio consists of 611 units and 701 beds of assisted living and memory…
A joint venture between Prosper Group and Belgium’s Versluys Group closed on a three-parcel assemblage for $50 million. Vaster provided a $30.5 million acquisition loan. The off-market site was acquired from Two Roads Development and Newgard Development Group. The assemblage is located at 66 SW 6th Street, 625 SW…
RIVANI purchased 404 Washington, an 8-story mixed-use office and retail property positioned at the gateway to Miami Beach’s South of Fifth neighborhood. The Trump Group was the seller. Comprising nearly 61,000 square feet of office and retail space, 404 Washington occupies the corner of Washington Avenue and Fifth…
CHICAGO — Specialty investment bank Ziegler has advised on the sale of a three-community senior living portfolio located in Minnesota. Ziegler acted as advisor to the seller, a nonprofit organization. Affiliates… The post Ziegler Advises on Sale of Three Minnesota Communities appeared first on Seniors Housing…
Alexandria Real Estate Equities captured twice its market share of San Francisco Bay Area leasing in the second quarter, its strongest regional showing, as advanced technology users supplied nearly 30 percent of companywide volume and the REIT closed a $163 million Palo Alto sale to a residential developer. The…
California Attorney General Rob Bonta's office has stepped into the long-running fight over N17's 80 Willow Road development, warning Menlo Park that it can no longer withhold streamlined approval of the 665-home project or force the developer to bankroll the city's outside legal bills. The post California Attorney…
Alexander's Mobility Services has extended its lease on a roughly 101,805-square-foot freestanding distribution building at 3528 Arden Road in Hayward, keeping the Atlas Van Lines agent anchored at the foot of the San Mateo Bridge even as East Bay industrial vacancies push higher. The post Alexander’s Mobility…
“No one is building new regional malls, and roughly 90 percent of our go-forward NOI comes from Class A assets and the best retailers of the world.” So said Jackson Hsieh, president and CEO of Macerich, early on during the mall-focused real estate investment trust’s second-quarter earnings call Tuesday afternoon.…
A biotechnology firm is relocating its lab space from West Harlem to Midtown South. Volastra Therapeutics signed an 18,120-square-foot lease in the Alexandria Center for Life Science at 430 East 29th Street, owned by Alexandria Real Estate Equities, according to CBRE. Volastra is subleasing space on the 11th floor…
Rowland Hobbs is CEO and co-founder of Stake, a fintech platform that rewards renters with cash back, working to make renting financially rewarding. Before Stake, he led design and innovation at Teneo and served as head of product design for Accenture North America, and he founded Post+Beam, an innovation design…
PAWTUCKET, R.I. — New York City-based Global Asset Management Group (GNAM) is underway on the $92 million redevelopment of the 386,404-square-foot former Memorial Hospital campus in Pawtucket, located just north of Providence. Plans currently call for approximately 200 residential units, including both market-rate…
PUYALLUP, WASH. — Colliers has arranged the $18.4 million sale of Sunset Self Storage, a newly constructed self-storage facility at 5514 152nd St. E in Puyallup. BVDSS Puyallup Owner LLC sold the asset to Mitchell RE Holdings LLC. Completed in 2025, Sunset Self Storage features climate-controlled units, multistory…
ELIZABETH, N.J. — Osmo, which uses machine learning to digitize scent and promote olfactory science, has opened a 60,000-square-foot headquarters facility in the Northern New Jersey community of Elizabeth. Designed by KSS Architects, the facility includes office, lab and manufacturing space, as well as a breakout…
FONTANA, CALIF. — Faris Lee Investments has negotiated the $5.3 million sale of a retail strip center in Fontana. Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee Investments handled the transaction. The names of the buyer and seller were not released. Chipotle, Jersey Mike’s, Dragon Grill, KWIK Charge EV…
BAKERSFIELD, CALIF. — San Diego-based Torrey Financial Group has sold a renovated, single-tenant retail property in Bakersfield. A Los Angeles-based investor acquired the asset for $2.6 million. The 8,302-square-foot building was originally constructed in 2013 and was fully renovated in 2025. AutoZone occupies the…
PROVO, UTAH — Six Ridge Partners, formerly Dakota Pacific, has completed the disposition of Riverwoods Business Park in Provo. Terms of the transaction were not released. Brandon Fugal, John Monson and Grant Lammerson of Colliers represented Six Ridge Partners, while Summit Commercial Advisors represented the…
NEW BRUNSWICK, N.J. — TSB Realty has arranged the sale of SoCam 290, a 627-bed student housing community located near the Rutgers University campus in New Brunswick. Delivered in 2005, the community offers 233 units in studio through three-bedroom configurations. Shared amenities include a clubroom, 24-hour fitness…
RANDOLPH, N.J. — LJS Development has broken ground on Sussex Woods, a 25-unit affordable housing project in the Northern New Jersey community of Randolph. Sussex Woods will feature five one-bedroom units, 12 two-bedroom residences and eight three-bedroom apartments. All units will be reserved for households earning…
A 322,560-square-foot warehouse on Shideler Parkway in Lathrop is the lone California asset in an eight-building national portfolio just recapitalized with $213 million in cross-collateralized debt from PGIM Real Estate, landing in a Central Valley market where vacancy has started to fall and quarterly leasing…