What happened, and who moved.
The development team behind Berkeley’s Ashby BART Station project has released its first design images, showing five buildings and roughly 600 apartments rising from a surface parking lot that transit and city officials have spent years trying to convert into housing. Adeline Alliance Partners this week unveiled…
A San Francisco Superior Court judge has placed the historic Central Tower into receivership after owner CIM Group defaulted on a $98 million loan, and lenders are now advancing toward a foreclosure that could strip the Los Angeles investor of the two-building property by the end of the year. One of San Francisco’s…
The lease extends a pattern Apple has repeated across its recent Sunnyvale buying spree — occupy first, then acquire — as the South Bay office market posts its third straight quarter of improving vacancy The post Apple Leases 125,800 SQFT Sunnyvale Office Building from Peery Arrillaga appeared first on The Registry…
Prologis singled out the San Francisco Bay Area as the clearest early sign of a broader shift back toward coastal industrial markets, ranking the region among its strongest performers and committing fresh development capital as demand firms. Prologis, Inc., the world’s largest owner of logistics real estate, told…
Facing a $30 million hole that has kept one of the Embarcadero’s marquee waterfront projects frozen for the better part of a decade, the Port of San Francisco has agreed to rewrite developer TZK Broadway’s ground lease and layer on public subsidies to drive the Teatro ZinZanni hotel and dinner-theater toward a…
BEVERLY, MASS. — JLL has negotiated the $8.5 million sale of a 60,666-square-foot grocery building in Beverly, a northeastern suburb of Boston, that is fully leased to regional operator Stop & Shop. The freestanding building sits on a 4.9-acre site that originally served as the site of the first Marshalls store in…
FRESNO, CALIF. — JBT Property Management has sold Maroa Park Apartments, a 248-unit multifamily property in Fresno, to a private buyer for $44 million. Located at 475-585 W. Sierra Ave., Maroa Park features one- and two-bedroom units with an average size of 878 square feet. Otto Ozen, Brian Nakamura and Nazli…
ST. LOUIS — King Realty Advisors and Colliers have arranged the sale of the 217-acre office campus at 8000 W. Florissant Ave. in St. Louis. Bryan King of King Realty Advisors represented the buyer, Jim Onder. Joe Hill of Colliers represented the seller. According to the St. Louis Business Journal, the most recent…
CHICAGO — Kiser Group has brokered the $11.5 million sale of a 78-unit apartment building located at 6748-50 N. Ashland Ave. in Chicago’s Rogers Park neighborhood. Originally constructed in 1927, the property features Art Deco architectural influences. There are eight studios, 69 one-bedroom units and one…
UNION, OHIO — Scannell Properties has selected Peak Construction Corp. to build Interstate Aviation Hub in Union near Dayton. The 305,480-square-foot speculative industrial building will feature a clear height of 36 feet, 34 docks, two drive-in doors, 2,755 square feet of office space and parking for 130 cars and…
CHANTILLY, VA. — Finmarc Management Inc. has sold an 83,300-square-foot office/flex building and an adjacent 6.4-acre parcel within Park East Corporate Center in Chantilly, about 28 miles west of Washington, D.C. The Bethesda, Md.-based investment company sold the parcels, which total 14 acres, to Pulte Homes for…
JACKSONVILLE, FLA. — TSCG has brokered the $20.7 million sale of The Plaza at Normandy, a Publix-anchored shopping center located at the intersection of Normandy Boulevard and Chaffee Road South in Jacksonville. An unnamed 1031 exchange buyer purchased the 58,691-square-foot center from the developer, Wagner…
WEST VALLEY CITY, UTAH — The State of Utah has purchased Franklin Campus, a five-building office development in West Valley City, part of the Salt Lake City metro area, for $40 million. The Utah Department of Health and Human Services will use the 312,234-square-foot office campus, which is situated on 21.7 acres,…
TUCSON, ARIZ. — A public-private partnership (P3) between the University of Arizona, Mortenson and Mortenson Development has broken ground on The Catalina, a 1,300-bed residence hall project on the institution’s campus in Tucson. The community is being developed utilizing tax-exempt financing through a partnership…
BALTIMORE — JLL has secured a $621 million loan for the refinancing of a 58-property, 6.3 million-square-foot industrial portfolio in Maryland owned by Merritt Properties, a Baltimore-based industrial developer and operator. Pete Pittroff, Anthony Fertitta, Travis Anderson, Evan Parker and Christopher Pratt of JLL…
WEST PALM BEACH, FLA. — A partnership comprising LD&D, IGEQ and FrontRange Capital Partners has broken ground on a 21-story apartment tower and hotel in downtown West Palm Beach. The properties, the 181-unit Alida Residences and the 112-room Tribute Portfolio hotel by Marriott, will be developed simultaneously as…
NORWOOD, MASS. — Corbus Pharmaceuticals has signed a 36,471-square-foot office lease renewal in Norwood, a southern suburb of Boston. The space is located within the building at 500 River Ridge Drive, which according to LoopNet Inc. was constructed in 1988 (renovated in 2016) and totals 100,261 square feet. Curtis…
OMAHA, NEB. — Marcus & Millichap has negotiated the sale of a 113-room Fairfield Inn & Suites hotel property in downtown Omaha. Adam Lewis is Marcus & Millichap’s Nebraska broker of record. The firm marketed the property on behalf of the seller and procured the buyer, both private investor groups. Fairfield Inn &…
EDISON, N.J. — Marcus & Millichap has brokered the $8.8 million sale of a 5,585-square-foot retail building in the Central New Jersey community of Edison. Convenience store operator Wawa occupies the single-tenant building at 1095 U.S. Route 1, which was built last year and includes a fuel station, on a triple-net…
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 cash-neutral refinancing of Everly at Morrison Ranch, a apartment community located in Gilbert. Built in 2025, the Class A, garden-style community features 236 apartments that…
Trilogy Investment Company closed on Solomon Farms, a 219-acre master-planned community in Statesboro, Georgia. The joint venture with landowner RLB Squared. Diversified Investment Group supported the transaction as a co-investment partner of Trilogy. Just outside the main entrance of Georgia Southern University,…
TSCG brokered the sale of The Plaza at Normandy, a newly developed, Publix-anchored shopping center in Jacksonville, Florida, for $20.6 million. Located at the intersection of Normandy Boulevard and Chaffee Road South, the fully leased center was sold on behalf of Wagner Property Group to a 1031 exchange buyer.…
JPMorgan Chase has lent Blackstone $205 million to refinance East Miami, the 352-room hotel. EAST Miami is a 352-key full-service hotel in Miami’s Brickell neighborhood. Blackstone purchased the property in 2025 for $300 million. Trinity Investments and Certares Real Estate Management were the sellers. The 39-story…
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily buildings in much of the city in…
The New York City Rent Guidelines Board (RGB) recently voted to freeze rents on both one- and two-year rent-stabilized lease renewals, fulfilling one of Mayor Zohran Mamdani’s signature campaign promises. For the approximately 2 million New Yorkers living in rent-stabilized apartments, the decision was…
U.S. bank real estate loan balances totaled $6.14 trillion in the first quarter of 2026, according to CRED iQ data. Since the first quarter of 2019, the composition of that real estate loan balance book has shifted measurably. Multifamily balances grew the fastest in percentage terms, rising about 53 percent, while…
HOUSTON – (Realty News Report) – Houston-based National Property Holdings announced plans to develop nearly 1.1 million square feet of speculative industrial space across two buildings in Katy Prairie Business Park to meet the growing demand for logistics and manufacturing space in west Houston. Located just north…
Will help supply Applied's under-construction 430MW data center
The question haunting commercial real estate borrowers two years ago has been answered, and the debt markets that froze after a wave of bank failures have swung back to a posture Newmark’s Ramsey Daya describes as a fist fight for good deals. Speaking at The Registry’s annual San Francisco Mid-Year Broker Forum in…
LOS ANGELES — San Francisco-based Prime Residential has acquired Palm Court Apartments in the Miracle Mile neighborhood of Los Angeles for approximately $51.3 million. The seller was a private investor.… The post Prime Residential Buys Palm Court in Los Angeles for $51.3M appeared first on Multifamily & Affordable…
CHICAGO — Tree Street Group, along with development partners Magellan Development Group and Mark Goodman & Associates, has closed on an undisclosed amount of construction financing obtained through Bank OZK,… The post Joint Venture Closes on Financing for Two-Tower Mixed-Income Development in Chicago appeared first…
The Ballmer Group has launched a new affordable housing initiative.
Office property valuations in Bellevue have declined sharply amid rising vacancy, signaling broader challenges in the Seattle-area office market.
Law firm Norton Rose Fulbright executed a planned expansion at its namesake tower in Downtown Houston, bringing its total footprint to 139K SF. Skanska developed the 28-story Norton Rose Fulbright Tower at 1550 Lamar St., which opened in August 2024....
The head of the General Services Administration signaled that the U.S. government could take an active role in the reimagining of the 250 acres between the National Mall and D.C.’s southwest waterfront. The government has been moving quickly to sell...
KKR Real Estate Finance Trust explores sale or merger after losses mount. The mortgage REIT's shares have dropped 65% in five years. The post Mortgage REIT Backed by KKR Explores Exit Amid Sector Losses appeared first on Propmodo .
White Elephant Resorts opened a 54-room hotel in Aspen featuring contemporary interiors and locally inspired design elements.
Equinix announced multiple agreements to secure advanced nuclear power for its data center operations.
Blackstone executed a secondary offering of Digital Realty common stock.
A 452-unit residential tower is being developed as part of the Water Street Tampa mixed-use expansion project.
Pinellas Park, Florida is considering a temporary one-year moratorium on new data center development.
A multifamily property in downtown Sarasota traded hands for $4.85 million.
Orlando Health has opened a new hospital facility at Wiregrass Ranch as part of its expansion into Pasco County, Florida.
A shopping center in Riverview, Florida sold for $14 million in a completed real estate transaction.
St. Petersburg has launched a new program designed to support churches in developing affordable housing projects within the city.
A developer has proposed a 144-room hotel redevelopment at a Clearwater Beach landmark property.
A residential development project comprising 90 apartments has been proposed for Manatee County.
A retail shopping center property in the Carrollwood area sold for approximately $12 million.
An apartment complex in Tampa secured a $107.7 million loan, according to Tampa Bay Business & Wealth.
A senior living community in Tampa changed ownership in a $38.5 million transaction.
Multiple homebuilders have acquired initial homesites at a Pasco County development project.
A homebuilder has purchased an interest in a large residential community development in Pasco County, Florida comprising 2,500 homes.
Morgan Stanley is leveraging hybrid bonds, private-credit vehicles, and chip-backed loans to position itself as a leading financier of data-center investments driven by AI infrastructure demand.
Public Storage announced the anticipated closing date for its acquisition of National Storage Affiliates following shareholder approval.
Public Storage announced pricing of a $900 million senior notes offering at 4.855% effective interest rate to finance its acquisition of National Storage Affiliates Trust.
Public Storage investor presentation on its acquisition of a Canadian self-storage portfolio.
Waste Connections acquired the 12-acre industrial outdoor storage property from CenterPoint Properties, gaining a strategically located facility with 370 truck parking spaces near Interstate 95 and Florida’s Turnpike.
Berkadia arranged the sale and acquisition financing of two value-add, neighboring Castro Valley multifamily communities with a total of 135 units. They included the Cedars, an 83-unit property that sold for $21.45 million, and Creekside Terrace, a 52-unit property that sold for $14.1 million. Senior managing…
United Talent Agency (UTA) and Empire State Realty Trust, Inc. announced that the agency will move its New York offices to the Empire State Building next summer. The new office will feature 100,948 square feet across four floors and will house the agency’s filmed entertainment, creators, news, publishing, theatre,…
Two tenants have signed on for 6,960 square feet each at Midtown East’s 757 Third Avenue, Commercial Observer has learned. Yuco Management, a New York City-based real estate development and management firm, inked a deal to take over the entire 27th floor of the 26-story Class A office building owned by New York…