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Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage
The husk of John Dewberry’s Campanile Building in Midtown is now clear of debt.
Capital MarketsDebt & FinancingUnited States
Updated 18 days ago
Read What happened, and who moved.
The husk of John Dewberry’s Campanile Building in Midtown is now clear of debt.
The second phase of Kilroy Realty's sprawling Oyster Point life sciences campus in South San Francisco is climbing uphill in a bid to fill space as the lab leasing market languishes. Although the first phase of the 865K SF campus is 100% leased, the...
The one developer building new office in Washington, D.C., is going for a triple. BXP is nearing its third deal in two years to build a trophy office project in the city, executives disclosed on the company’s second-quarter earnings call Wednesday....
A major redevelopment of downtown Austin’s Grant Plaza is one step closer to moving forward now that the developer has secured a building permit for a mixed-use project on the site.
How do you convince someone to spend $3M to live in a tower that carries the branding of legendary DJ Kygo's Palm Tree Crew? It starts with a turntable in a one-story building on a patch of asphalt. The 22K SF property in Downtown Miami is the sales center...
Welcome to 1200 White St., located in the historic and revitalized West End neighborhood of Atlanta. The nearly 212K SF Class-A facility is a former industrial space being transformed into a mixed-use destination. A project of investment partners Ackerman...
Stonemont and PCCP acquire 38 Link Logistics warehouses for $1 billion as AI-driven data center tenants claim 15% of new industrial leasing. The post Stonemont Buys $1 Billion Link Logistics Portfolio as Data Economy Reshapes Warehouse Demand appeared first on Propmodo .
Equinix significantly increased its forecasts and expectations for 2026 after posting another record-heavy quarter on the back of artificial intelligence demand and more data center construction. The Redwood City, Calif.-based data center real estate investment trust (REIT) generated $2.63 billion in second-quarter…
Pinnacle secured $41 million in financing for an affordable seniors housing project in Naranja, as the firm seizes on south Miami-Dade County’s growth. Miami-based Pinnacle plans the 110-unit apartment project reserved for tenants who are 62 and older and earn 30 percent to 60 percent of the area median income,…
Essex Property Trust’s Northern California apartments outperformed every other region in its portfolio during the second quarter of 2026, as tightening Bay Area rents and falling operating costs drove the strongest income growth of the company’s West Coast markets. Same-property revenue across Northern California…
With Tesla’s leasing of a 538,720-square-foot speculative industrial building in Mustang Ridge, Elon Musk’s electric car production company is now one of the Austin area’s largest industrial tenants. The Mustang Ridge lease southeast of Austin puts Tesla alone to 3.4 million square feet in the Austin Area, and…
Crown Sterling withdrew plans for an office-to-residential building conversion in Addison following a thumbs-down vote from City Council. In May, Addison Planning and Zoning commission recommended that the northern Dallas suburb’s City Council deny a zoning request to redevelop The Princeton offices at 14651 North…
Baron Property Group secured a $226.5 million refinancing for an apartment development in Hialeah that’s nearly 50 percent leased. Madison Realty Capital and Yellowstone Real Estate provided the refinancing to the New York- and Miami-based developer for the 559-unit Metro Parc complex at 952 East 26th Street, which…
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…
A company with ties to multifamily investor Jonathan Holtzman is putting the Fisher Building at 343 South Dearborn Street up for sale just weeks after losing a separate apartment building in Chicago’s Loop. The Fisher Building boasts 184 apartment units across 20 stories, and marketing materials related to the…
Palm Beach County's influx of wealth and businesses has made the 101-year-old city of Boca Raton a target for redevelopment, but developers and city officials are clashing over which way the city should evolve. Boca residents rejected a $1B development...
SM Energy is expanding its lease at the Wells Fargo Center by approximately 50K SF. The oil and gas company now occupies five floors and about 124K SF at 1700 Lincoln St., referred to locally as the “Cash Register Building,” according to CBRE. CBRE...
Almost 1,000 new homes are coming to a long-vacant site in Long Island City.
A shiny office tower in Boston's Seaport appears on track to sell, marking another significant trade in the city for Clarion Partners.
New York City’s Department of Buildings (DOB) has halted construction work at the third office-to-conversion project in Manhattan this month. The DOB issued a partial stop-work order at SL Green Realty’s $805 million conversion project at 750 Third Avenue in Midtown East, which is set to result in 680 residential…
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: ●…
A waterfront residential parcel in Golden Beach sold for $24 million, representing one of the few remaining available oceanfront properties of its size in the ultra-luxury enclave. An entity led by Amicus Medical Group president David Rodriguez, bought the 0.6-acre lot at 625 Ocean Boulevard and financed the deal…
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…
Old Mission Capital is inching closer to a deal to move into Fulton Market and expand their downtown presence. The local trading firm is set to sublease 70,000 square feet across two floors at 167 North Green Street from ArcBest, , according to Crain’s, who cited sources familiar with the lease negotiations.…
Takeaway: Mortgage rates will largely stay the same for now as the Fed opts against hiking and says little about future plans. There was a historically high level of uncertainty going into this meeting, but ultimately, the Fed decided against hiking today because financial markets did their work for them. The…
New Jersey-based Greek Real Estate is bolstering its presence on the other side of the Delaware River with a new Bucks County industrial project.
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…
DataBank's announcement regarding its major data center development project at the Red Oak campus.
Newmark posted a strong quarter for revenue, driven by multifamily investment and office leasing on the coasts, but uncertain conditions ahead prompted the brokerage to hold its full-year guidance steady. The company brought in $888.4M in revenue in...
Houston’s Galleria will be the latest outpost for Canadian women’s fashion Aritzia. Indianapolis-based Simon Property Group, the mall’s owner, submitted a state filing detailing the store opening. It intends to spend $9 million to remodel and finish out the 19,000-square-foot space Aritzia will occupy. Work on the…
A development team made up of Slate Property Group, Hudson Companies and Volunteers of America has been chosen to create nearly 1,000 new homes upon a vacant parcel in Long Island City, Queens. The 70,000-square-foot development, at 54-42 Second Street, will be called the Orion, and two-thirds of its units will be…
The second Federal Open Market Committee (FOMC) meeting under new Federal Reserve Chair Kevin Warsh signaled another reality check of higher-for-longer interest rates to the commercial real estate industry. In a 9-3 vote, the FOMC maintained its benchmark interest rate Wednesday at between 3.5 percent and 3.75…
PCCP and Stonemont Financial Group are officially the new owners of a 5.9 million-square-foot industrial portfolio, Commercial Observer can first report. The joint venture acquired the 38 assets, located across 14 markets in 10 states, for upward of $1 billion with Blackstone as the seller, according to an article…
An artificial intelligence-driven infrastructure technology company is relocating its offices to Midtown. Philadelphia-based Treeswift signed a four-year, 7,487-square-foot lease on the entire 11th floor of the Hakimian Organization’s 256 West 38th Street in an expansion of its New York City operations, according…
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.…
Real estate private credit’s favorite Wall Street funding stream is on track for its most active year since 2021 — a sign that investors are growing more bullish on the sector’s outlook. Lenders issued $26 billion worth of collateralized loan obligations (CLOs) in the first half of 2026, according to KBRA. If it…
Redevco has expanded its UK industrial outdoor storage portfolio with the acquisition of a 560K SF logistics facility in Widnes. The 17-acre site is fully let to Jaguar Land Rover and operated by DHL, supporting supply chain operations for JLR's Halewood...
BXP has nearly pieced together all the money it needs for a new 930K SF office tower in Midtown Manhattan after closing on a $1.2B construction loan. The financing for 343 Madison Ave. was led by Wells Fargo, alongside Bank of America, Bank of New...
After years of planning, Trademark Property is finally prepared to break ground on its $135 million redevelopment of an Arlington retail center. Construction is slated to begin on the site formerly known as Lincoln Square on August 3, according to the Dallas Business Journal. Fort Worth-based Trademark has…
Baron Property Group (BPG) has secured $226.5 million to refinance a newly completed multifamily development in Hialeah, Fla. Madison Realty Capital and Yellowstone Real Estate provided the debt backing the 559-unit Metro Parc at 955 East 25th Street, about a block west of Metrorail and Tri-Rail transfer stations…
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,…
CBRE outperformed industry expectations during the second quarter as its core earnings per share rose 30% on a 16% revenue increase thanks to a strong performance by the company’s infrastructure and data center services businesses. The world's largest...
OXNARD, Calif. — Harrison Street has completed the sale of Clearwater at Riverpark, a 136-unit independent living community located in Oxnard, approximately 65 miles northwest of Los Angeles. Built in 2018,… The post Harrison Street Sells 136-Unit Independent Living Community in California appeared first on Seniors…
COVINGTON, La. — Blueprint has arranged the sale of Sage Lake Senior Living of Covington, an assisted living and memory care community located approximately 40 miles outside New Orleans. Opened in… The post Blueprint Arranges Sale of 82-Unit Assisted Living, Memory Care Community Near New Orleans appeared first on…
Surging data center services revenue and a rebound in U.S. office leasing stood out in CBRE’s strong second-quarter results for 2026. During a Wednesday morning earnings call, the world’s largest commercial real estate services and investment firm reported $11.2 billion in second-quarter revenue, roughly in line…
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…
BXP, the largest Class A office owner in the country, has landed a $1.2 billion construction loan to build its 930,000-square-foot office tower development at 343 Madison Avenue in Midtown, the real estate investment trust (REIT) announced Wednesday morning during its second-quarter earnings call. The financing for…