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MDNI Group
MDNI Group Buys Santa Monica Apartments Out Of Receivership: The Los Angeles Deal Sheet
All the week's top deals in Southern California.
Capital MarketsMultifamilyUnited StatesCalifornia
via BisnowUpdated 13 days ago
Read What happened, and who moved.
All the week's top deals in Southern California.
L3 Capital acquires 51K SF retail space at Palmolive Building on Mag Mile for $64.5M, a 28% discount.
Developer April Housing has applied to build 252 affordable housing units in Denton. Community Impact reports that the Denton City Public Facility Corp. will evaluate the permit and consider offering a property tax exemption. Of the 252 units, 165 units will be considered affordable for Denton and serve households…
HOUSTON – (Realty News Report) – Resia Ten Oaks, a 573-unit apartment high-rise in the Energy Corridor, has been sold along with another Texas property in a nearly 900-unit portfolio deal. Spirit Investment Partners, in partnership with global alternative investment firm Strategic Value Partners, announced the…
LMXD and BedRock Real Estate Partners have closed on a $250 million loan to facilitate the purchase and construction of a housing development in Astoria, Queens, Commercial Observer has learned. The financing from New York Life Investment Management gets the wheels turning on the development of 560 mixed-income…
Integrity Community Builders (ICB) and PCCP have formed a programmatic joint venture to develop build-to-rent (BTR) communities across the U.S., Commercial Observer can first report. The new JV will marry Houston-based ICB’s experience in land acquisition, development and construction with PCCP’s institutional…
Two new retail tenants have taken almost 13,000 square feet at a new development in Downtown Brooklyn. Japanese home goods and apparel brand Muji was the largest of the two, signing a 10-year, 10,000-square-foot lease at Alloy Development’s 100 Flatbush Avenue, part of the larger five-building, mixed-use Alloy…
Apparel retail brand Veronica Beard has expanded its office headquarters to approximately 60,000 square feet at the Winter Organization’s 26 West 17th Street in Midtown South, according to landlord broker CBRE. The company, which has been in the building since about 2013, signed the new deal to renew its existing…
So you think Manhattan office leasing has a summer slump? Fuhgeddaboudit! Manhattan office leasing velocity in July increased by 22 percent over June’s volume, helped along by healthy square-footage appetites and ample activity in Midtown South. Tenants acquired, renewed, expanded or extended 3.87 million square…
An iconic office complex in the City of Bridges has hit a dead end. The $92 million commercial mortgage-backed securities (CMBS) loan secured by Gateway Center, an iconic office complex in Downtown Pittsburgh, has liquidated via a note sale, resulting in a $64.8 million loss to the CMBS trust, according to an alert…
Emmy nominated visual effects studio Phosphene has inked a 7,383-square-foot lease at Princeton International’s 90 Broad Street in Manhattan’s Financial District, according to tenant broker Avison Young. Phosphene will move from its current office at 5 Hanover Square, also in the Financial District, as the building…
Snap, the technology firm behind Snapchat, is taking over Verizon’s three-floor office lease in Manhattan’s Penn District. The 198,983-square-foot sublease spans the eighth through and 10th floors of Vornado Realty Trust’s 2 Pennsylvania Plaza, known as Penn 2, according to sources familiar with the transaction.…
A Morgan Stanley affiliate paid $59 million for a nearly 200,000-square-foot building in Chandler where Honeywell Aerospace has been a tenant since 2020. The industrial park, Amplify Chandler, was sold by Phoenix Rising Investments. JLL brokers Ben Geelan and Greer Oliver represented the seller. The Phoenix…
Scottsdale, Arizona-based investor SimonCRE has acquired Island Plaza, a 92,112-square-foot shopping center located in Oak Harbor on Whidbey Island, with plans for redevelopment. SimonCRE has already signed a 23,666-square-foot lease with a national soft goods retailer for the center’s largest available space.…
Walmart Inc. plans to build a new Supercenter of more than 170,000 square feet at Houghton Town Center in southeast Tucson, following its $6.99 million acquisition of approximately 33.23 acres of commercial land. Diamond Ventures sold the property to Walmart Inc. Construction is expected to begin during the first…
Monticello, a 107-unit apartment community located at 415 Boren Ave in Seattle’s First Hill neighborhood, has been acquired by Nordic Partners Investments. Built in 1957, Monticello spans 42,342 net rentable square feet across 107 units in the heart of Seattle’s urban core. The off-market acquisition drew multiple…
CBRE has arranged an $85 million loan for Mi-Place at Downingtown, a newly developed 318-unit multifamily community located at 800 Horseshoe Pike in Downingtown, Pennsylvania. Matthew Klauer and Cassandra Russell of CBRE Capital Markets’ Debt & Structured Finance team in Philadelphia arranged the financing on…
Strategic Value Partners acquired a 895-unit multifamily portfolio from Resia. The portfolio comprises the 573-unit Resia Ten Oaks community in Houston and the 322-unit Resia Rayzor Ranch community in Denton, Texas. Completed in 2024, the Resia Ten Oaks and Resia Rayzor Ranch properties are high quality multifamily…
L3 Capital closed on its purchase of the retail space at the base of the Palmolive Building for $64.5 million, finalizing a deal The Real Deal reported the firm was pursuing earlier this summer. The Chicago private equity firm, cofounded by Domenic Lanni and Timothy Phair, acquired the 51,795-square-foot property…
I’ve spilled a lot of digital ink on the topic of monopolistic behavior I’ve observed in the housing market as of late, so I thought I’d look back to the peak Rockefeller era of bad behavior. John D. Rockefeller Sr. was the architect of Standard Oil’s dominance, the person who built the monopoly machine we’re still…
Homeowners associations are taking a harder line on residents as they face higher costs and tighter margins. Foreclosure filings are rising sharply as mounting costs leave community boards with little room to absorb delinquent payments, the Wall Street Journal reported. There were more than 6,300 properties with…
Kidz AI will lease 1.125MW of capacity from Limestone's data center in Dallas, Texas
Tract denies the allegations
Will develop a 72MW campus on the site
Apollo said it choose Austin because of its status as a hub for tech and innovation, and rapid growth of advanced manufacturing.
Developer Fifth Space secured a San Francisco Planning Commission recommendation to loosen commercial-use rules, raise building heights and defer certain housing fees across its 29-acre Central Waterfront neighborhood, while pledging to preserve the project's promise to make nearly a third of its homes affordable.…
Blackstone Mortgage Trust launches sale of San Francisco's 686-key Hyatt Regency SoMa as part of a broader portfolio overhaul. The post Blackstone Mortgage Trust Lists 686-Key Hyatt Regency SoMa in San Francisco as Part of Portfolio Overhaul appeared first on The Registry Northern California Real Estate .
A Westlake homebuilder sold a 24-acre site to Walmart for $11.68 million. The company plans to build an 188,779-square-foot superstore that will include a pharmacy, garden center, automotive center and gas station. Minto was the seller. of the land at 5253 Seminole Pratt Whitney Road. The homebuilding company is…
Mediation firm JAMS — the name is an abbreviation of judicial arbitration and mediation services — is relocating its New York Resolution Center to the top two floors of Rudin’s 3 Times Square. The global provider of alternative dispute resolution services plans to take up 55,335 square feet across the Midtown…
Phillip Procacci sold a development site near the Galleria Mall that he long planned to develop, most recently proposing a 259-unit multifamily project. Boca Raton-based Procacci Development, through an affiliate, sold the 2.4-acre vacant lot in Fort Lauderdale to an entity tied to Dallas-based multifamily company…
DALLAS AND HOUSTON — Newmark has arranged the recapitalization of a portfolio of five seniors housing properties totaling 1,546 units that are located throughout the Dallas and Houston areas. The properties include: The Tradition-Clearfork in Fort Worth, The Tradition-Lovers Lane and The Tradition-Prestonwood in…
BROOKSHIRE, TEXAS — JLL has negotiated the sale of Twinwood Distribution Center III, a 767,520-square-foot industrial building in the western Houston suburb of Brookshire. Built in 2024, the property features 40-foot clear heights, 179 dock-high doors, 185-foot truck court depths and approximately 2,600 square feet…
S2 Capital founder Scott Everett informed investors in his $400 million first fund that their money was gone on July 1. An online storm followed, sparked by a user who tweeted news about the fund paired with images of Instagram posts posted by Everett’s wife, Brittney. They showed the couple on a luxurious vacation…
Get your syndicator bingo card out for Tuesday’s foreclosure auctions. At least six multifamily syndication firms could lose control of apartment properties at this month’s sales, including S2 Capital, Nitya Capital, GVA Management and Lurin Capital. The value of syndicators’ troubled loans is just under $600…
When J.P. Morgan commits, it commits. The bank just announced plans to deploy more than $750 billion to increase housing supply and support homeownership in the U.S. The eye-popping amount will be deployed through 2035. “An affordable and resilient housing market is essential to driving economic growth and…
Even as some of the biggest commercial real estate companies shoulder the challenges and massive costs of developing proprietary artificial intelligence-powered tools, this shift marks not so much an inflection point for proptech as a sign that the commercial real estate industry has never embraced technology more…
Gainesville, Fla. — Caliber Living has been awarded management of The Crossing, a 1,178-bed student housing community located near the Santa Fe College campus in Gainesville. The community was recently acquired… The post Caliber Living Awarded Management of 1,178-Bed Community Near Santa Fe College appeared first…
JPMorganChase said Monday it intends to deploy more than $750 billion through 2035 to increase housing supply and support homeownership across the U.S. The nearly 40% increase over the firm’s housing capital deployment in the past decade will include financing for one million affordable housing units and lending to…
Linden Property Group, a multifamily real estate investment firm headquartered in Arlington, has acquired Tysons Crossing, a 217-unit apartment community in Virginia, in partnership with Akridge, a Washington, D.C.-based commercial real estate investment and development firm. The deal marks the largest acquisition…
Atlanta Beltline Inc. (ABI) is pursuing the construction of a mid-rise multifamily development at 350 Chappell Road. The Atlanta Business Chronicle reports the $62 million project includes 218 apartments, all of which will be rented at prices considered affordable for households earning between 30% to 80% of the…
Balfour Beatty, in partnership with the University of Florida (UF), will deliver 2,217 beds across four residential buildings, totaling more than 680,000 square feet. This is Phase 1 of a plan to add 10,000 new beds during the next 10 years, a $2 billion-plus initiative approved by the UF Board of Trustees. Balfour…
Greystone provided $105.8M in Freddie Mac refinancing for two El Cajon, CA multifamily communities (476 units) for Bridge Investment Group.
PARAMUS, N.J., Aug. 03, 2026 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2026 today and reported:
First announced in January, the Dallas Market Hall building looks set to be replaced
A full city block in West Berkeley with deep ties to rock history and Oscar-winning film sound work has changed hands, selling for roughly a third of its assessed value as the surrounding office submarket continues to struggle with historically high vacancy. The post Wareham Development Sells 121,200 SQFT Former…
One of the world’s largest contract electronics manufacturers has expanded again in Newark, adding another sizable block to a Silicon Valley footprint that has grown rapidly as demand for AI server production accelerates. Quanta Computer has signed a direct lease for 143,086 square feet at 7411 Central Avenue in…
San José reopens environmental review of Federal Realty's Santana Row Master Plan, clearing a path to 2.78MM SQFT of office. The post San José Reopens Environmental Review of Federal Realty’s 2.78MM SQFT Santana Row Master Plan appeared first on The Registry Northern California Real Estate .
The Menlo Park Planning Commission voted unanimously to let The Sobrato Organization split its long-approved Bayfront development into independently timed apartment and townhome phases, clearing the way to build 316 rental units near Meta while the for-sale townhome parcel is marketed to a specialist builder. The…
An affiliate of Palo Alto-based Peninsula Land & Capital has acquired the renovated Class A office building at 4410 El Camino Real for $26.9 million, closing a sale that followed a January foreclosure and extending the firm's run of discounted Silicon Valley office purchases. The post Peninsula Land & Capital Buys…
A purchase-and-sale agreement for roughly 14 acres of Citrus Heights' Sunrise Mall clears the path for The Mettle Shop's $120 million ice-and-turf Sunrise Sports Center, the centerpiece of Terry Tallen's plan to revive the aging enclosed mall. The post Tallen Capital Clinches Sunrise Mall Deal, Carves Out 14 Acres…
A rack-scale infrastructure specialist serving the artificial intelligence buildout has secured a major Newark footprint, adding to a wave of AI-driven hardware demand that has turned the East Bay submarket into one of Silicon Valley’s busiest industrial markets. Hyve Solutions has signed a direct lease for 161,280…
LYNNWOOD, WASH. — Weidner Apartment Homes has sold A’Cappella Apartment Homes in Lynnwood for $112 million. The Puget Sound Business Journal identifies Pacific Urban Investors as the buyer. Kyle Yamamoto, Eli Hanacek and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented Weidner in the…
NEW YORK CITY — London-based real estate brokerage firm Savills has completed its $1.1 billion acquisition of global advisory firm and real estate investment bank firm Eastdil Secured. The transaction was first announced in March, and the new company will be rebranded as Eastdil Secured Savills. Under the terms of…
INDIAN TRAIL, N.C. — Marcus & Millichap has brokered the $3.3 million sale of Village Shoppes, an unanchored retail strip center located at 323 Unionville Indian Trail Road in Indian Trail, about 16 miles southeast of Charlotte. A fund-based private equity group purchased the 12,075-square-foot property form a…
BELMONT, CALIF. — Voya Financial has provided a $22 million permanent loan for an undisclosed multifamily community in the Bay Area city of Belmont. Keystone arranged the financing at a fixed interest rate of 5.47 percent. Additional details of the transaction were not released. The post Voya Financial Provides…
WEST LAFAYETTE, IND. — Varcity has unveiled plans to open Varcity at Purdue, a 239-unit, university-based retirement community within Purdue University’s Discovery Park District. Developed in partnership with Purdue University and the Purdue for Life Foundation, the property will bring a new generation of residents…
FREDERICKSBURG, TEXAS — Houston-based developer DC Partners has topped out a 210-room hotel in the Central Texas city of Fredericksburg that will be operated under IHG Hotels & Resorts’ Kimpton brand. Designed by Merriman Anderson Architects with interiors by Curioso, the Kimpton Fredericksburg will be located…
NEW YORK CITY — A joint venture between locally based developer Lonicera Partners, New York-based investment firm Rabina and Boston-based owner-operator The Davis Cos. has begun leasing a 43-story apartment tower at 55 Willoughby St. in downtown Brooklyn. Designed by Colberg Architecture and known as House 55, the…
JACKSONVILLE, FLA. — Gateway Jax has signed six new tenants to leases at Peal Square, a 2 million-square-foot mixed-use project in downtown Jacksonville. The initial retail lineup for Vandeveer, the first mixed-use residential building within the district, will feature dining, wellness and lifestyle retailers and…
WAUWATOSA, WIS. — Irgens has broken ground on Viridia Apartments, the company’s first multifamily development, at 10600 W. Wisconsin Ave. in Wauwatosa. The four-story, 204-unit market-rate community will serve as the final component of a larger, 14-acre mixed-use redevelopment by Irgens in the Milwaukee County…