What happened, and who moved.
NORMAN, OKLA. — Regional brokerage firm MMG Real Estate Advisors has arranged the sale of Sterling Park, a 142-unit apartment complex in Norman, home of the University of Oklahoma. The property offers one- and two-bedroom units and amenities such as a pool, fitness center and outdoor grilling and dining areas.…
FORT COLLINS, COLO. — Livmark Communities has broken ground on The Collins Apartments at Union Park, a 457-unit multifamily project in Fort Collins. Once complete, The Collins will feature 233 one-bedroom units, 160 two-bedroom apartments and 64 three-bedroom residences. Units will include quartz countertops,…
CHADDS FORD, PA. — Berkadia has arranged the sale of Restore Orthopaedic Surgical Institute, an 18,630-square-foot ambulatory surgery center in Chadds Ford, a western suburb of Philadelphia. The facility was built in 2022 and features two operating rooms in addition to spaces for pre- and post-operative…
ELGIN, ILL. — Principle Construction Corp. has completed a truck maintenance and warehouse facility for Orozco Trucking at 2580 Mason Road in Elgin. The build-to-suit project provides the climate-controlled and dry freight specialist with a permanent home following its relocation from a leased site in Elk Grove…
NEW YORK CITY — NormAI, which provides legal and compliance services, has signed a 64,313-square-foot office lease at One World Trade Center in Lower Manhattan. The space spans the entire 60th floor and part of the 61st floor. Scott Bogetti, James Wenk and Kirill Azovtsev of Savills represented NormAI in the lease…
MESA, ARIZ. — Marcus & Millichap has arranged the sale of a 364-unit StorQuest Self Storage facility in Mesa. Terms of the transaction were not released. Adam Schlosser, Charles “Chico” LeClaire, Dean Trammell and Kol Bailey of the LeClaire-Schlosser Group of Marcus & Millichap represented the undisclosed seller in…
WESLEY CHAPEL, FLA. — SRS Real Estate Partners has brokered the $7.9 million sale of Promenade, a three-tenant retail property located in Wesley Chapel, roughly 24 miles north of downtown Tampa. Built in 2025, the 9,222-square-foot property was fully leased at the time of sale to Heartland Dental, GoodVets and…
TEMPLETON, MASS. — A partnership between metro Boston-based MPZ Development and Capstone Communities is nearing completion of a $36 million multifamily adaptive reuse project in Templeton, about 65 miles northwest of Boston. A housing lottery was launched and closed on July 15, and full completion is slated for…
NEW YORK CITY — Council Advisorshas renewed its 17,685-square-foot office headquarters lease in Midtown Manhattan. The consulting firm signed a 10-year extension for its space at 685 Third Avenue, a 651,000-square-foot, newly renovated building. Daniel Horowitz, Jeffrey Peck, Roi Shleifer, Jacob Stern and Max Mond…
SOUTHWEST RANCHES, FLA. — FRP Development Corp. has acquired 24 acres in Southwest Ranches, a town in South Florida’s Broward County. FRP plans to develop Logistics Center at Southwest Ranches, a planned 300,000-square-foot industrial facility, at the site. The project is expected to include 36-foot clear heights,…
HOUSTON — Berkadia has brokered the sale of Harper’s Mill, a 180-unit apartment complex in northwest Houston. Built in 1984, the property offers one- and two-bedroom units and amenities such as a pool, business center, picnic areas and a playground. Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey…
CARY, N.C. — Woodfield Development has broken ground on a 330-unit apartment community located across from the Tryon Village shopping center at 2818 Macedonia Road in Cary, a suburb of Raleigh. Eagle Realty Group is serving as equity partner and capital provider for the $100 million project. The unnamed, five-story…
MANASSAS, VA. — Berkadia has arranged the sale of Masons Keepe, a 270-unit multifamily community located in Manassas, roughly 31 miles southwest of Washington, D.C. The sales price was not disclosed, but CoStar Group tracked the sales price as $85 million. Brian Crivella, Bill Gribbin, Yalda Ghamarian, Jack Canepa…
SAN MARCOS, TEXAS —Houston-based owner-operator Triten Real Estate Partners will develop a 175,000-square-foot industrial project at 2651 Leah Ave. in San Marcos, located roughly midway between Austin and San Antonio. The 12-acre site is located less than a mile from I-35, and the shallow-bay building features…
CINCINNATI — Marcus & Millichap has brokered the $9.9 million sale of a 26,107-square-foot medical office building in Cincinnati. Constructed in 2008, the property at 8099 Cornell Road is fully leased to Ortho Alliance MSO LLC/Beacon Orthopedics & Sports Medicine Ltd. under a double-net lease with approximately…
DES MOINES, IOWA — Foss & Co., a tax credit syndicator, has secured financing for the Financial Center, a 25-story office tower in downtown Des Moines. Developed by Lawmark Capital, the project will convert the building into 209 market-rate apartment units and 152,000 square feet of commercial space, generating…
TOLLESON, ARIZ. — Developer GO Industrial and general contractor Willmeng Construction have broken ground on GO|99 North, a 1.1 million-square-foot speculative industrial building in Tolleson. GO|99 North will feature a Class A warehouse and distribution facility. Situated on 75 acres in Tolleson’s Estrella Park…
PORTLAND, ORE. — Prologis is underway on construction of a 271,828-square-foot industrial facility at 3509 N.E. Columbia Blvd. in Portland. Daimler Truck North America (DTNA) will occupy the building, which will be known as Prologis Broadmoor, to support its aftermarket parts distribution operations. The Class A…
IRVING, TEXAS — Lone Star PACE has provided an $11.6 million C-PACE (Commercial Property Assessed Clean Energy) loan for a data center conversion project in Irving. The project centers on the conversion of the vacant, 113,406-square-foot industrial flex building at 6001 Campus Circle Drive W, which was built on 4.7…
OVERLAND PARK, KAN. — Phase II of Bluhawk is slated to include a lineup of eight retail tenants, including L.L.Bean, Spavia Day Spa, JETSET Pilates, Chicken Salad Chick, Brookside Barkery & Bath, Amorino, Everbowl and Bruú Café, with additional tenants to come. Bluhawk is a 277-acre mixed-use development in the…
Technology platform Genius AI, formerly known as GlossGenius, has undertaken a 13,754-square-foot headquarters expansion at ZG Capital Partners’ 838 Broadway, Commercial Observer has learned. The deal sees Genius AI’s footprint at 838 Broadway grow to 27,373 square feet, occupying the entire second and third…
🏆 Residential: A penthouse in Miami Beach was the priciest deal to hit records. A trust tied to Yves Mongeau and Sylvie Guilbault parted with a 9,000-square-foot condo at 450 Alton Road for $23.5 million, or $2,600 per square foot. The buyer was Akron Warwick Exchange LLC. The unit has six bedrooms and seven and a…
LOS ANGELES — Walker & Dunlop has arranged a $28.9 million loan to refinance Billy G. Mills Manor, an affordable housing community in Los Angeles. Walker & Dunlop’s Jeff Kearns… The post Watt Capital Developers Secures Refinancing, HAP Contract Renewal for Los Angeles Affordable Housing appeared first on…
NARANJA, FLA. — Housing Trust Group (HTG) and AM Affordable Housing have secured financing to begin construction of the first phase of Artisan Pointe, an affordable housing community in Naranja,… The post HTG, AM Affordable Housing Break Ground on Artisan Pointe in Naranja, Florida appeared first on Multifamily &…
HOBOKEN, N.J. — JLL Capital Markets has arranged the sale of 1000 Jefferson, a 217-unit community in Hoboken. JLL represented Clarion Partners, the seller. Invesco Real Estate was the buyer.… The post Clarion Partners Sells 1000 Jefferson in Hoboken, New Jersey appeared first on Multifamily & Affordable Housing…
Nashville is the nation’s second-strongest buyer’s market with 129% more home sellers than buyers in June. In other words, Nashville has more than two home sellers for every buyer actively in the market. Years of steady homebuilding, fast home-price appreciation and higher mortgage rates have shifted Nashville’s…
Homebuilder Discovery Homes takes 19,528 square feet of sublease space at 5060 Forni Dr as Concord industrial vacancy hits a cycle high. The post Discovery Homes Subleases 20,000 SQFT of Industrial Space at 5060 Forni Dr in Concord appeared first on The Registry Northern California Real Estate .
Generative artificial intelligence company Luma AI has picked up 25,450 square feet of sublease space from ad-tech firm Moloco at 601 Marshall Street in Downtown Redwood City, adding to a run of AI leases that defined the Peninsula’s second quarter. Luma AI subleased 25,450 square feet from Moloco at 601 Marshall…
The hit television series “Landman” stars Billy Bob Thornton as a West Texas oil executive who mines distant plains and deep oceans for the petroleum that powers modern life. If showrunner Taylor Sheridan is looking for a sequel, he won’t have far to turn. A new breed of businessmen termed “wildcatters” is shaking…
Stillwater is behind 15-building project
San Francisco’s largest-ever budget quietly wagers its balance on a commercial property recovery that is gathering speed but remains far from complete, tying City Hall’s fiscal fate to deal flow, downtown office demand and a business-tax overhaul now phasing in. The San Francisco Board of Supervisors on July 21…
Miał być pokazem siły rynku nieruchomości i nową ikoną downtown Los Angeles. Zamiast tego Oceanwide Plaza, gigantyczny kompleks trzech wieżowców, od lat stoi niedokończony i pokryty graffiti. Władze miasta zapowiadają teraz czyszczenie elewacji.
San Jose says six weeks of World Cup soccer drew one million visitors to its downtown and pushed hotel revenue per available room up 42.3 percent year-over-year, handing the city fresh evidence for its long-running wager on a downtown sports-and-entertainment district. The city measured the payoff Friday, tallying…
AUSTIN – (Realty News Report) – Endeavor Real Estate Group has secured financing and will soon break ground on 5th & Walsh, a creative office and retail building located along the West 5th and 6th Street corridor in central Austin. The 198,000-SF, five-story building will rise on 1.4-acre site at... The post…
Hines is lining up its next slate of residential development in Prince William County.
As anxiety builds over whether there will be enough electricity available to power the data center construction boom, investors have started to pour billions into properties where they can hoard energy.Brookfield reached a $7B deal last week to acquire...
Things are heating up for data centers. The rise of artificial intelligence calls for more powerful graphics processing units and central processing units that generate more heat than older chips. While the last generation of GPUs and CPUs could be sufficiently...
A bipartisan slate of politicians joined President Donald Trump in Pittsburgh Tuesday afternoon to herald Pennsylvania’s role in powering the nation's artificial intelligence boom, with more than $90B in new facilities on the table.
Post Brothers aims to add another building to its Northern Liberties portfolio, but the unit count will be smaller than what previous plans for the site had envisioned.
Philadelphia's Thomas Jefferson University is expanding its medical school in the Lehigh Valley region.
A two-building multifamily portfolio spanning 30 units in Manayunk and Old City has traded hands.
A national law firm is growing its Philadelphia office into a space that Comcast previously sought to sublease.
Brauhaus Schmitz had a massive June, as throngs of international tourists descended on the South Street beer hall to watch World Cup games. Business was up more than 300% year-over-year, as the German bar and restaurant with a long history of catering...
Trader Joe’s will open its third Philadelphia location and first outside Center City in a new shopping center set to deliver in the second half of next year.
While much of the Exton Square Mall will shutter next week, plans to redevelop the property as a mixed-use destination remain up in the air as stakeholders await the outcomes of two legal challenges. The enclosed portion of the 53-year-old mall is closing...
Rising sea levels and falling land elevations have led to restrictive building codes and high construction costs along the Jersey Shore as the region faces an attainable housing shortage. Since Superstorm Sandy rocked the state in 2012, New Jersey has...
A Philadelphia-based agricultural science giant has arranged a sale-leaseback agreement for a key Delaware research and development outpost in Newark.
A 110K SF Main Line office park has been refinanced via a nonrecourse loan. Sponsor Balashine Properties secured the $17.8M loan for Swedesford Crossing at 480-500 Swedesford Road in Wayne. It was originated by Morgan Stanley and coordinated by D2 Capital...
New York-based lender S3 Capital's nationwide expansion plans have brought it to Philadelphia.
The valuation of an underperforming Delaware County mall sank this month after the borrowers missed their payoff date last year. Springfield Mall at 1250 Baltimore Pike was valued at just $30M in a recent appraisal, according to CMBS monitoring platform...
Developers are chasing resurgent economic vitality in Eastern Pennsylvania’s midsized post-industrial cities, and some believe Reading is next in line. The city suffered in the 1980s from deindustrialization and job losses in its once-strong banking...
A Philadelphia-based apparel giant is growing its presence in the region with the construction of a new facility in the suburbs and the addition of more than 1,000 jobs.
Property owners and brokers in Philadelphia’s life sciences market remain in a tough spot amid high vacancy and negative absorption, but they say they haven't given up hope.
One of the Philadelphia region’s most prominent local commercial real estate players has been acquired by a national heavyweight.
One of the nation’s most prestigious universities has brought on partners to invest in housing for its graduate student population.
One of the Main Line’s most well-known tenants is moving out of an 88K SF space where its lease is expiring at the end of the month.
Leaders in Montgomery County, the third-largest county in Pennsylvania, are looking to ramp up housing development.
After years of delays, lawsuits and other issues, Penn-Florida Companies is now facing foreclosure on the Mandarin Oriental Residences, Boca Raton project. The lender, an affiliate of Apollo Global Management, filed a $417.7 million suit against the developer’s affiliate and a laundry list of co-defendants,…
Dallas-based Tabani Group is looking to cash in on a prime North Shore property, targeting a price tag of a little more than $40 million for Renaissance Place in downtown Highland Park, according to sources familiar with the offering. The firm, led by Zaffar Tabani, tapped Newmark to market the 174,000-square-foot…
