What happened, and who moved.
M&T Realty Capital Corporation (M&T RCC) closed on a $141.4-million bridge loan for Anagram Turtle Bay, a newly constructed 194-unit multifamily community located at 300 E. 50th Stt. in Manhattan’s Turtle Bay neighborhood. The financing was provided to an ownership group led by Global Holdings, MAG Partners, and…
Marcus & Millichap has completed the sale of 1939 N. Kenmore Ave., an 18-unit multifamily property located in Los Angeles. The property sold for $5.28 million. “Properties with this charm and character that have been owned by the same family for several decades rarely come to market in Los Feliz,” said Jeff Louks,…
Todd Rosenberg’s Pebb Capital has purchased the Uno office building in South Beach, as boutique financial firms vie for outposts in Miami. The seven-story building features about 100,000 square feet of leasable space and 106 covered parking spots at 119 Washington Avenue, between First and Second streets, in the…
A private-label securitization closed by Systima Capital Management for a portfolio of nearly 1,300 subsided apartments underscores the potential for use of the commercial mortgage-backed securities (CMBS) market in affordable housing deals. Systima closed the $153 million tax-exempt affordable housing bond deal…
Legora, a company that developed a collaborative artificial intelligence-driven workspace for the legal profession, has signed a new 10-year lease for 98,420 square feet — the entire 11th floor — at SL Green Realty’s 11 Madison Avenue. This brings the building to 100 percent occupancy. SL Green was represented by…
SL Green is reaping the rewards of a resurgent New York City office market. “It might be the dead of summer, but our team is, of course, hard at work — this is truly when we shine the brightest, are completely dialed in on our business plan, and outwork the marketing,” said CEO Marc Holliday, […]
The two worlds of Marc Kulick, an Oklahoma-based developer and former high-stakes gambler, have collided to create a vicious onslaught of lawsuits, including racketeering allegations, and foreclosures. Kulick is being sued by business partners and investors...
New York City apartment developers are building fewer studio apartments as they seek to make an unpopular housing incentive work for their projects.
Data-center developers are actively selling ownership stakes in their properties and portfolios to raise capital and manage exposure.
Interstate Equities Corporation (IEC), a vertically integrated real estate investment and management firm specializing in multifamily properties throughout California and Washington, reached the final close of IEC Institutional Fund VI (with $215 million in equity commitments. The new fund continues IEC’s value-add…
An 865,000-square-foot tower along Bryant Park is looking for a new owner. The office tower at 10 Bryant Park, also known as HSBC Tower, is seeking more than $800 million, sources familiar with the plans told Bloomberg. Newmark’s prolific deal-making team, made up of Adam Spies, Adam Doneger and Avery Silverstein,…
Google’s bigger-than-expected spike in spending on data centers and other AI infrastructure is rattling Wall Street. While it was the first of the Big Tech giants to report second-quarter earnings, and its competitors' stock prices also dropped Thursday,...
OpenAI will spend $20 billion on its first self-developed data center in Georgia, securing 3.2 gigawatts and 50% tax abatement. The post AI Giants Take Direct Control of Data Center Development and Power Supply appeared first on Propmodo .
RIPCO Real Estate announced it has successfully arranged a $28.3 million bridge loan for The Arbor College Park, a 134-unit multifamily community located at 4800 Berwyn House Road in College Park, Maryland. The financing represents a modified bridge upsizing with RMWC, the same lender that provided the property’s…
Pacific IOS Ventures, a West Coast-focused industrial real estate investment company, has acquired 10001 N. Rivergate Boulevard, a 15-acre industrial property located within Portland’s Rivergate Industrial District. Strategically positioned within one of the Pacific Northwest’s premier industrial and logistics…
Hines has placed an Uptown apartment development up for sale. The 22-story, 345-unit Maple Terrace Residences is being marketed by JLL. The Dallas Business Journal reports the property at 3003 Maple Ave. is part of a mixed-use property that includes 155,000 square feet of office space and more than 15,000 square…
Colliers announced that Working America has signed a 14,354-square-foot lease at 1725 Eye Street, NW in Washington, D.C. The transaction was led by Colliers Executive Vice President Mark Sullivan, Senior Vice President Matt Venos and Client Services Coordinator Cassidy May on behalf of the landlord, Cafritz.…
Associated Bank announced the completion of a $6.98 million term loan to Transport Properties and GFH Partners to finance a 75,250-square-foot industrial building located at 3003 Etna Parkway in Pataskala, Ohio, 20 miles west of Columbus. The building, completed in 2022 and leased to Thayer Power & Communication,…
Skanska announced continued progress on Bevel, its planned 12-story mass-timber office tower in downtown Bellevue. The project remains in the architectural design and entitlement phase with the City of Bellevue, as Skanska, Mithun + Waugh Thistleton, and other project partners continue to advance plans for the…
111 Point, an office-to-apartment conversion, has surpassed the 65 percent leased milestone, with 100 of its 153 luxury apartment residences now leased since pre-leasing kicked off in April and the property first welcomed residents in May. Designed by Pappageorge Haymes Partners and developed by Path Construction…
Metropolitan Realty Group has sealed $46.8 million of agency debt for the acquisition and refinancing of a Long Island affordable housing complex, Commercial Observer has learned. Greystone provided the nonrecourse, fixed-rate Fannie Mae-backed loan on the developer’s Pine Town Houses Section 8 garden-style…
If at first Prologis doesn’t succeed, it tries, tries, tries … and tries one last time.
A local school district is finding itself in choppy waters as it weighs the best way to provide teachers and other employees with affordable housing. In 2024, the San Jose Unified School District issued a general obligation bond, Measure R, to fund the renovation of classrooms and facilities, as well as provide…
HOUSTON – (Realty News Report) – Sugar Land Town Square, a 32-acre mixed-use district in the heart of Sugar Land, welcomes several new restaurants and retailers. New leases, totaling more than 17,000 square feet, include: Escapology Escape Rooms, which has opened in a 5,366-SF space, offers themed adventures that…
Facility the result of $1.2bn in investment
Company goes vertical in Umatilla
ABILENE, TEXAS — New York City-based Dwight Capital has provided a $66 million HUD-insured construction loan for The Lariat at Abilene, a 312-unit multifamily project in West Texas. Situated on 13 acres, the garden-style property will comprise 13 three-story buildings that will house 186 one-bedroom units and 126…
MANSFIELD, TEXAS — Marcus & Millichap has negotiated the sale of Premium Storage, a 165-unit self-storage facility in Mansfield, located southeast of Fort Worth. The facility offers 12 climate-controlled units, 107 covered parking spaces and 46 uncovered parking spaces for a total of 47,891 net rentable square…
SLINGERLANDS, N.Y. — Regional brokerage firm Adirondack Capital Parters (ACP) has negotiated the sale of Meadowbrook Apartments, a 98-unit building in Slingerlands, about 10 miles west of Albany. The property offers one- and two-bedroom units with private balconies/patios and amenities such as an outdoor pool,…
LIVERPOOL, N.Y. — Locally based brokerage firm Jacobson Properties has arranged the $13 million sale of a 38,913-square-foot medical office building located at 8324 Oswego Road in Liverpool, part of the Syracuse metro area. Lisa Menin of Jacobson Properties represented the undisclosed seller in the transaction and…
HOUSTON —Partners Real Estate has brokered the sale of a 14,572-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 5414 Larkin St. was originally constructed in 1983. Wyatt Huff and Hunter Stockard of Partners represented the undisclosed seller in the transaction. The…
NEW YORK CITY — Corporate Suites has signed a 13-year, 34,857-square-foot office lease in Midtown Manhattan. The provider of flexible workspace solutions will occupy the entire 18th and 19th floors of the 22-story building at 16 E. 34th St. David Rosenbloom and Matthew Etlinger of Cushman & Wakefield represented…
Foxlink Group purchased Alliance Gateway 17 at AllianceTexas in Fort Worth, Texas, where the company will establish a new PCBA manufacturing operation. The 147,780-square-foot facility at 4600 Alliance Gateway Freeway is expected to create approximately 900 jobs at full capacity. The Group integrates AI-driven…
Dallas Cowboys owner Jerry Jones’ real estate company sold one of its towers. The 313,417-square-foot office tower at 17 Cowboys Way was purchased by Hobbs Brook Real Estate, the real estate investment arm of FM Investment. The Dallas Business Journal reports the 11-story building, owned by Blue Star, is currently…
Diversified Partners is advancing a new 24-acre mixed-use development at the southeast corner of Ironwood Road and Ranch Road in San Tan Valley. The project includes approximately 25,000 square feet of proposed retail space and an approximately 50,000-square-foot medical building, which is under contract with…
Trepp Inc. has reported mixed data on CMBS distress levels lately. The volume of private-label securitized loans that are at least 30 days late declined by $3.49 billion, or 3.7%, in June. Conversely, while the volume of CMBS delinquencies shrunk to $43.98 billion, or 7.35% of the overall CMBS universe, the volume…
A venture between Formation Interests and Crescent Real Estate has broken ground on Phase II of Formation Park 10, a 261,168-square-foot industrial development in Goodyear, Arizona. The three-building expansion follows the completion of Phase I and will bring Formation Park 10 to nearly 689,000 square feet of…
Empire State Realty Trust is parting ways with its mixed-use building at 1359 Broadway and marketing it for sale, sources familiar with the move told Commercial Observer. The property is expected to fetch around $225 million, with the winning buyer owning the fee simple interest in the 486,000-square-foot, 22-story…
Blackstone’s growth continued unabated in the first half of 2026, as the firm leveraged its enormous data center and AI platform to report strong shareholder returns. In the second quarter, the firm delivered more than 20 percent year-over-year growth across total revenues, fee revenues, fee-related earnings, net…
On July 14, New York Gov. Kathy Hochul signed the nation’s first statewide moratorium on the building of new hyperscale data centers, pausing all state environmental permits for up to one year. The purpose, according to the governor’s announcement, is to take the time to establish “a nation-leading regulatory…
Another artificial intelligence firm is planting roots in Midtown South. Chalk AI, a data platform that provides companies with infrastructure to deliver data to AI agents, has signed a lease for 26,607 square feet at Castro Properties’ 43 West 23rd Street in the Flatiron District, according to landlord broker…
The Durst Organization has announced three leases totaling 11,223 square feet for prebuilt office suites at the company’s 1133 Avenue of the Americas, Commercial Observer has learned. In the largest of these, software company Quantexa signed a new lease for 5,263 square feet at the building. The U.K.-based firm…
A West Texas-based entrepreneur with wastewater and natural gas assets positions the region as an ideal location for AI data center development, leveraging abundant cheap power and water infrastructure.
Billionaire Lim Kok Thay's Genting is developing a major casino resort project in New York including a new hotel and arena as part of a $5.5 billion investment.
Madison, Wis. — Villas Student Housing has broken ground on a 466-bed student housing development located near the University of Wisconsin-Madison campus. The project was designed by Rhode Partners and will… The post Villas Student Housing Breaks Ground on 466-Bed Development Near University of Wisconsin-Madison…
A Sunnyvale R&D building fully leased to German engineering giant Bosch has traded hands for $46 million, the latest sign that investors are circling the blocks surrounding Applied Materials’ multibillion-dollar semiconductor research buildout. An affiliate of SFF Realty Partners purchased a 104,000-square-foot…
Preservation Equity Fund Advisors has purchased Quail Run Apartments, a 104-unit income-restricted community in San Leandro, and plans a capital campaign to modernize the aging property while locking in its affordability for the long term. Preservation Equity Fund Advisors, LLC (PEF Advisors) has acquired Quail Run…
State housing regulators hauled Half Moon Bay and Turlock into court over years-overdue housing plans, the Northern California front of a five-city enforcement campaign that puts local zoning power and mounting monthly fines at risk. California pushed its housing enforcement campaign into the Bay Area and Central…
A New York distressed-debt specialist has taken control of the buildable heart of San Francisco’s largest apartment complex, using a construction loan it never got repaid to foreclose on land approved for nearly 1,700 new homes. Yellowstone Real Estate Investments has completed a foreclosure takeover of the…
Robotics developer Sunday AI has committed to 51,550 square feet at 305 Walnut Street in Downtown Redwood City, a direct lease that injects fresh demand into one of the Peninsula’s most vacant submarkets. Sunday AI signed a direct deal for 51,550 square feet at 305 Walnut Street, a Menlo Equities-owned building in…
Brex takes all 200,000 SQFT at 270 Brannan St in a nearly 10-year San Francisco lease, reversing its earlier remote-first retreat. The post Brex Leases Entire 200,000 SQFT Building at 270 Brannan St in San Francisco appeared first on The Registry Northern California Real Estate .
First-Citizens Bank has started foreclosure proceedings against two prime Union Square retail buildings after their owner failed to repay a matured $40 million loan, with the lender now claiming more than $40.1 million due on collateral that sits at the doorstep of San Francisco’s marquee shopping district. A…
KANSAS CITY, KAN. — The Kansas City Chiefs have released initial concept renderings for the team’s new enclosed stadium set to open in Kansas City, Kan., in 2031. The Chiefs are still finalizing details, but the $3 billion stadium will hold 70,000 fans, feature a fully enclosed roof with translucent panels and…
ATLANTA — Space Shop Self Storage has three self-storage properties underway in Florida and Virginia totaling 2,088 units. With these projects, the Atlanta-based firm is nearing 80,000 units under management across more than 100 facilities. The newly announced properties include a 715-unit facility located at 134…
LONG BEACH, CALIF. — CBRE has arranged the $30 million sale of Mosaic, a six-building retail portfolio located in downtown Long Beach. An entity doing business as Mosaic Promenade Holdings LLC acquired the property from a partnership between Turnbridge Equities, Waterford Property Co. and Monument Square Investment…
GOODYEAR, ARIZ. — A venture between Formation Interests and an affiliate of Crescent Real Estate has broken ground on Phase II of Formation Park 10, an industrial development located just west of Phoenix in Goodyear. The three-building expansion will bring Formation Park 10 to nearly 689,000 square feet of…
FREDERICKSON, WASH. — Bridge Logistics Properties (BLP) has purchased a 782,775-square-foot distribution facility in Frederickson, located within the Seattle-Tacoma metro area. Terms of the transaction were not released. The property was developed by Panattoni and delivered in 2024 as part of a larger industrial…
BISMARCK, N.D. — Berkadia has arranged the equity placement and financing for the development of Vibra Hospital of the Central Dakotas, a 50-bed inpatient rehabilitation facility and long-term acute care hospital (LTACH) in Bismarck. The build-to-suit facility will be fully leased to Vibra Hospital of the Central…
SHELBYVILLE, KY. — Colliers has negotiated the sale of a 302,400-square-foot industrial facility located at 530 Logistics Drive in Shelbyville, a suburb roughly 30 miles east of Louisville. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel of Colliers, along with Doug Butcher and Alex Grove of…
JERICHO, N.Y. — Grassi, a provider of tax and accounting services, has renewed its 41,000-square-foot office lease in the Long Island community of Jericho. The space is located within 50 Jericho Quadrangle, which is situated at the intersection of Exit 40 of the Long Island Expressway and the Jericho Turnpike. Rob…