What happened, and who moved.
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…
Rexford Industrial Realty is dramatically accelerating its shift from being the most aggressive industrial buyer in Southern California into perhaps the region’s biggest seller. The Los Angeles-based real estate investment trust (REIT) has identified about $2 billion of “noncore assets” for disposition as it…
Developer Jeff Svitak has landed $34.25 million of bridge debt for a newly completed San Diego multifamily project, Commercial Observer has learned. Lightstone Capital originated the senior loan for Svitak’s Kaya Apartments development in San Diego’s Bankers Hill neighborhood. John Zubak, managing director and head…
New York City's largest office landlord is generating more cash than expected as companies clamor for a dwindling supply of premier Manhattan office space.
SYOSSET, N.Y. — A joint venture between Boston-based investment firm The Davis Cos. and operator GoodFriend Storage has acquired a 555-unit self-storage facility in the Long Island community of Syosset. The facility at 475 Underhill Blvd. comprises 40,344 net rentable square feet of space across two floors and 467…
NEW YORK CITY — Industrious has opened a 28,000-square-foot coworking space in Midtown Manhattan. The space spans the sixth and seventh floors of the 29-story building at 875 Third Ave. and features 226 office seats and 26 access seats. Members also have access to a range of onsite retail, fitness and culinary…
JACKSONVILLE, FLA. — Merritt Properties has acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park located in Jacksonville’s Butler corridor near the Florida East Coast Railway. According to the Jacksonville Business Journal, Merritt Properties purchased the campus for $89.8…
CEDAR PARK, TEXAS — JLL has negotiated the sale of 1890 Ranch, a 441,620-square-foot retail power center in Cedar Park, a northern suburb of Austin. The center was 99 percent leased at the time of sale to tenants such as Academy Sports + Outdoors, Ross Dress for Less, Burlington, PetSmart, Natural Grocers,…
NEW YORK CITY — M&T Realty Capital Corp. has provided a $141.4 million bridge loan for the refinancing of Anagram Turtle Bay, a 194-unit apartment building located at 300 E. 50th St. in Manhattan. Designed by BKSK Architects, the 23-story building houses studio, one-, two- and three-bedroom units, as well as…
ALLEN, TEXAS — Local developer Gillett Commercial will build a speculative office and flex building in Allen, a northeastern suburb of Dallas. Known as Allen Place, the building is initially planned to be 89,032 square feet, comprising a 71,032-square-foot footprint plus an 18,000-square-foot mezzanine level that…
KATY, TEXAS — Regional developer National Property Holdings has unveiled plans for a roughly 1.1 million-square-foot industrial park in the western Houston suburb of Katy. Katy Prairie Business Park will be developed in two phases, each of which will comprise a single building that will be able to support…
BLYTHEWOOD, S.C. — Chesterfield has broken ground on Carolina Pines International Commerce Center, a planned industrial development located about 18 miles north of Columbia. Carolina Pines International Commerce Center is designed for industrial, manufacturing and logistics use, specifically marketed to attract…
POOLER, GA. — Thompson Thrift plans to soon break ground on The Foundry at Mosaic, a 300-unit luxury multifamily community located in Pooler, a western suburb of Savannah. The development will be capitalized with equity from the Thompson Thrift 2025 Multifamily Development investment fund. Construction is expected…
ARLINGTON, VA. — Monday Properties has received approval from the Arlington County Board for a major site plan amendment for the redevelopment two contiguous 12-story office buildings in Arlington’s Rosslyn district: 1401 Wilson Boulevard and 1400 Key Boulevard. The two office buildings, which were constructed in…
DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $15.4 million in financing for a 60,159-square-foot industrial property in Dallas. The address was not disclosed, but the property is leased to PREP, an operator of shared commercial kitchen spaces. Frank Montalto and…
AVENEL, N.J. — CBRE has arranged the sale of a 29,336-square-foot industrial building in the Northern New Jersey community of Avenel. The building sits on a 4.3-acre site at 190 Homestead Ave. and includes six drive‑in doors, two loading docks and newly renovated office space. Liam McGregor, Elli Klapper, Mark…
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…
Senior Living Transformation Company (SLTC) and Sabal Investment Holdings have secured $50 million to acquire and improve two senior living communities that specialize in assisted living and memory care: Daylesford Crossing in Paoli, Pa., and the Villages of Windcrest in Fredericksburg, Texas. Protective Life…
A city-approved land sale grants Ken Griffin ownership of an entire city block in Miami, consolidating his real estate holdings in the market.
Bought a 530-acre parcel earlier this week
Environmental Integrity Project, the Sierra Club, and Public Citizen submit a notice of intent to sue letter
Huntsville, Texas — Berkadia has arranged the sale of The Forum at Sam Houston, a 450-bed student housing community located near the Sam Houston State University campus in Huntsville. The garden-style… The post Berkadia Arranges Sale of 450-Bed Community Near Sam Houston State University appeared first on Student…
A new statewide survey shows commanding, cross-partisan support for a November ballot measure that would impose hard deadlines on California’s landmark environmental review law, a shift that would reshape the entitlement calculus for housing and infrastructure developers across the state. Proposition 45, the most…
Developer Mecah Ventures is pushing ahead with Parallel on Claremont, a 38,812-square-foot speculative office project in Downtown San Mateo that accounts for more than half of the entire office construction pipeline on the San Francisco Peninsula. Mecah Ventures is developing Parallel on Claremont, a…
Amazon’s commitment to fully occupy one of the three towers securing Jay Paul Company’s $770 million Moffett Towers mortgage removes the single largest cloud hanging over a loan that Morningstar DBRS had flagged for mounting vacancy risk after Google walked away. Amazon has leased an entire 317,000-square-foot…
Eight years after an earthquake and a first failed entitlement, Napa’s historic post office finally has a green light to become a hotel. Nearly a decade after an earthquake shuttered one of downtown Napa’s most recognizable buildings, the city has cleared the way for its owner to turn the vacant Art Deco post…
Artificial intelligence coding platform Replit has taken over 52,642 square feet of Exabeam’s Foster City space, adding to a headquarters footprint it expanded just months earlier and delivering the San Francisco Peninsula its single largest office lease of the second quarter. Replit, the AI-powered software…
The Contra Costa County Employees’ Retirement Association has committed to deploying $375 million into real estate across 2026 and 2027, front-loading the spend this year as consultant StepStone floats co-investments and a dedicated core equity strategy to sharpen returns and cut fees. The Concord-based pension…
CapRock Partners has fully leased the first building at its Central Point III development in Visalia to an unnamed global corporate occupier, a 1.27-million-square-foot commitment that ranks among the largest industrial deals struck in California’s Central Valley in years and that local officials have publicly tied…
ArtHaus Partners and Integrity Housing have closed on the $76.1 million purchase of a 368-unit South Natomas apartment community and will convert roughly three-quarters of its units to workforce housing, financed through the Sacramento Housing and Redevelopment Agency’s first-ever 501(c)(3) bond issuance. Bay…
Marcus & Millichap Brokers Sale of Multifamily Property in San Mateo, California SAN MATEO, Calif., July 21, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 2001 Parrott…
Home-robotics startup Matic Robotics has leased 34,350 square feet at 1020 Marsh Road in Menlo Park, a deal Colliers cited as evidence that surging AI demand is spilling out of the Peninsula’s core and into its secondary office corridors. Matic Robotics signed a direct lease for 34,350 square feet at 1020 Marsh…
WILLITS, CALIF. — TCC Properties has sold Redwood Meadows, a 101-unit seniors housing property in the Northern California city of Willits, to Echelon Communities for $10.8 million, or $106,931 per unit. Isaak Heitzeberg of Marcus & Millichap represented the seller in the transaction and procured the buyer in…
LOS ANGELES — Walker & Dunlop has arranged a $28.9 million loan for the refinancing of Billy G. Mills Manor, an affordable housing complex next to the University of Southern California in Los Angeles. Jeff Kearns and Laura Woltanski of Walker & Dunlop secured the refinancing through HUD/FHA’s Section 223(f) loan…
DALLAS — MAG Capital Partners has sold a 1.4 million-square-foot, net-leased industrial portfolio in the Midwest for roughly $89 million. Fundamental Income Properties, a wholly owned subsidiary of Starwood Property Trust, purchased the six-property manufacturing portfolio. John Dehn and Eric Wood of MAG Capital…
WENTZVILLE, MO. — Northmarq has brokered the $70 million sale of Villages at Lake Silvercote, a 381-unit, garden-style multifamily property in Wentzville. Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee of Northmarq represented the seller, a local investment group. The buyer was a private firm.…
SAN DIEGO — Breakthrough Properties and Tishman Speyer have provided a $90 million mezzanine bridge loan for Aperture Del Mar, a Class A life sciences campus in San Diego. The borrower, Gemdale USA, will use the proceeds to refinance an existing loan. Totaling 538,000 square feet, the four-building lab and office…
CHICAGO — Becovic Residential has acquired The Vivian, a nine-story apartment building located at 6807 N. Sheridan Road in Chicago’s Rogers Park neighborhood, for $25.6 million. The Vivian features 160 units, comprised of 104 studios and 56 one-bedroom apartments along with 9,915 square feet of ground-floor…
OVERLAND PARK, KAN. — Caisson Capital Partners has acquired Preston Court, a 181-unit multifamily community in Overland Park, for $23.4 million. The acquisition marks the firm’s first investment in metro Kansas City and increases its multifamily assets under management to more than $100 million. Built in 1968,…
GLENDALE, ARIZ. — Cleveland-based Woodside Health has completed the disposition of Arrowhead Executive Center, a healthcare and office campus in Glendale. Terms of the transaction were not released. Built in 1999, the eight-building campus offers 101,000 square feet of medical office and traditional office space.…
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…
The life sciences boom isn’t finished yet. Gemdale USA has secured $90 million in mezzanine debt to refinance Aperture Del Mar, a 538,000-square-foot Class A life science campus that recently opened in San Diego, Calif. Tishman Speyer and Bellco Capital, through their Breakthrough Properties joint venture vehicle,…
GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinancing of Everly at Morrison Ranch… The post PCCP Provides $51.8M Refinancing Loan for Everly at Morrison Ranch in Metro Phoenix appeared first on Multifamily & Affordable…
SAN ANTONIO — Locally based Lynd Management Group, the property management division of The Lynd Group, has been selected to manage Elevate at Huebner Grove in Northwest San Antonio. The… The post Viking Capital Taps Lynd to Manage Huebner Grove in San Antonio appeared first on Multifamily & Affordable Housing…
KISSIMMEE, FLA. — The NRP Group has secured financing and begun construction of Alora Lofts, an 88-unit affordable housing community in Kissimmee, 18 miles south of Orlando. Residences will be… The post The NRP Group Breaks Ground on Florida Affordable Development Alora Lofts appeared first on Multifamily &…
As it approaches its first birthday, Nomura Securities’ commercial real estate lending platform has an extra reason to celebrate: It just sealed the largest sole-bank single-asset, single-borrower commercial mortgage-backed securities (SASB CMBS) deal in almost two years. The $719 million KELR 2026-MF deal is…
New York City is relying, in part, on more than 16,000 units planned via office-to-residential conversions to ease its enduring housing crisis. So, when the country’s largest conversion, sitting in the heart of Midtown, starts to buckle, it’s not taken lightly. The startling structural emergency at MetroLoft and…
The Lehigh Valley’s deep-seated manufacturing legacy has left it with ample access to power, but that doesn’t necessarily mean it is a good fit for the booming data center industry.
The biggest World Cup in history packed stadiums across North America and shattered attendance records. It just wasn't the hotel bonanza many in the hospitality industry had expected. Hotels pushed room rates sharply higher around marquee matches, fueling...
Fashion Nova is expanding its Southern California logistics side with another industrial lease in Santa Fe Springs. The Los Angeles-based fast-fashion retailer signed a lease to take over the 132,888-square-foot warehouse at 12301 Hawkins Street, according to CoStar. It increases Fashion Nova’s warehouse footprint…
The seven-story Class A facility near I-95 was approximately 67% occupied at the time of the transaction.
The company maintains a global corporate presence, with Switzerland and Australia continuing to serve as important business hubs following the opening of the Miami headquarters.
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,…