What happened, and who moved.
HOUSTON — New Hope Housing has completed NHH Avenue C, an affordable seniors housing project in Houston’s Magnolia Park/East End neighborhood. The number of units in the age-restricted (55-plus) complex was not disclosed, but residences come in one-, two- and three-bedroom floor plans. Amenities include a…
WEST CHESTER, PA. — Charter Senior Living has broken ground on a 162-unit project in West Chester, located roughly 30 miles west of Philadelphia. Charter Senior Living of West Chester will offer independent living, assisted living and memory care residences. Charter is developing the project in partnership with…
WALLER COUNTY, TEXAS — Clay Development & Construction Inc. has broken ground on a 31,800-square-foot speculative industrial project in Waller County, located northwest of Houston. The building will be situated on a 2.4-acre site within Pederson West Business Park and will feature 120-foot truck court depths, 23…
JERSEY CITY, N.J. — CBRE has arranged a $109.5 million permanent loan for 425 Summit, a 27-story apartment building in Jersey City’s Journal Square neighborhood. Completed in 2024, 425 Summit houses 390 units in studio, one-, two- and three-bedroom floor plans, as well as ground-floor retail space. Matthew…
Cardone Capital paid $89.9 million, including 282 Bitcoin, for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller. Berkadia’s Matt Mitchell and Chris Burtner arranged the sale on behalf of The Inland Real Estate Group. Completed in 2015, Orchid…
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing, acquired a newly developed 1.5 million-square-foot distribution facility in Kansas City, Missouri, for $158.5 million. The property was acquired from Hunt Midwest, which developed the logistics facility…
A joint venture between Alpha Development Group and Bow River Capital has sealed $58 million of bridge debt to refinance two newly delivered adjacent multifamily developments in Utah’s Heber Valley, Commercial Observer has learned. ArrowMark Partners provided the three-year fixed-rate loan to retire past…
Tankhouse and Lonicera Partners — a pair of Brooklyn-based developers — are in contract to acquire a church property in Downtown Brooklyn and build a new residential building on the site. The developers are set to buy the development site at 360 Schermerhorn Street on the border of Boerum Hill for $28.3 million…
PHOENIX — INDUS Realty Trust has aacquired 418,000-square-foot warehouse in Phoenix. Terms of the transaction were not released. Fully leased at the time of sale, the cross-dock building can support distribution uses and features “ample” loading doors and trailer parking with 180-foot deep, fully secured and gated…
In einem Anlegerschreiben kündigt die Geschäftsführung des DF Deutsche Finance Investment Fund 17 – Club Deal Boston II den Insolvenzantrag für den geschlossenen US-Immobilienfonds an. Ein Totalverlust sei absehbar.
GREENWOOD, IND. — Matthews has brokered the $9.5 million sale of a Goodwill distribution facility in Greenwood. The transaction marked the highest-priced industrial property sale in the Johnson County submarket over the past year, according to Matthews. Built in 2016, the approximately 125,000-square-foot property…
LAKE ELMO AND ARDEN HILLS, MINN. — JLL Capital Markets has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, two Class A communities totaling 216 units in the Twin Cities market. JLL represented the seller and developer, Trident Development, and procured the buyer, LTC Properties Inc.…
NAPLES, FLA. — Berkadia has arranged the $89.9 million sale of Orchid Run, a 282-unit, garden-style apartment community located at 10991 Lost Lake Drive in Naples. Matt Mitchell and Chris Burtner of Berkadia represented the seller, an affiliate of The Inland Real Estate Group of Cos. Inc., in the transaction. The…
CHICAGO — Skender has completed the 83,000-square-foot build-out of Harrison Street Asset Management’s headquarters at The Fulton, an office property located at 919 W. Fulton Market in Chicago. The real estate and infrastructure investment management firm is relocating from its prior location at 444 W. Lake St.…
BROWNSBURG, IND. — Wafra Inc., a New York-based alternative investment firm, has acquired Brownsburg Logistics Park Portfolio, a collection of three industrial buildings totaling 899,080 square feet in Brownsburg. Funds advised by Wafra are acquiring the assets from a venture between Scannell Properties and…
A New York-based investor has acquired The Wilson, the 68-unit adaptive-reuse apartment building at 973 Market Street, from Raintree Partners for $19 million, adding one of the Market Street corridor's most distinctive historic conversions to its holdings. The post Raintree Partners Sells Historic 68-Unit Wilson…
TikTok's move to end hybrid work for most U.S. employees in September will send its Mountain View and San Jose staff back to their desks full time, adding a jolt of demand to a Silicon Valley office market already on the mend. The post TikTok Mandates Five-Day Office Return, Refilling Its Silicon Valley Desks…
FORT COLLINS, COLO. — Landmark Properties has completed The Mark Fort Collins, a 397-bed student housing development located at 255 Johnson Drive near the Colorado State University campus in Fort Collins. The six-story community was developed in partnership with Silverpeak Real Estate Partners and Peninsula…
AUBURN, ALA. — Morrison Avenue Capital Partners has completed Hilltop Auburn, a 128-bed student housing property located near the Auburn University campus in Alabama. The community offers four- and five-bedroom townhomes with bed-to-bath parity and attached garages. The development team for the project included…
ANAHEIM, CALIF. — Newmark Pacific has arranged the $16.5 million sale of Link OC, a shopping center in Anaheim. An undisclosed seller sold the asset to Northpond Acquisition. Located at 1071, 1081 and 1095 N. Tustin Ave., Link OC features 26,385 square feet of necessity-based retail space. At the time of sale, the…
RALEIGH, N.C. — JLL has brokered the $36 million sale of Townridge Shopping Center, a 273,105-square-foot shopping center in Raleigh. Tom Kolarczyk, Michael Nieder and Brian Page of JLL represented the seller, Zeisler-Morgan Properties, in the transaction. Travis Anderson and Ward Smith, also with JLL, secured…
MANASSAS, VA. — Bethesda, Md.-based Finmarc Management Inc. has sold Festival at Manassas, a 117,675-square-foot shopping center in Northern Virginia, for $24.5 million. JCR Cos. purchased the grocery-anchored property, which is located at 10288-10388 Festival Lane in Manassas. Ryan Sciullo, Chris Munley, Colin…
CHULA VISTA, CALIF. — JLL Capital Markets has arranged the $30.4 million sale of Terra Nova Plaza, a retail center in the San Diego Bay city of Chula Vista. A global investment manager sold the asset to an undisclosed buyer. Located at 390 H St., Terra Nova Plaza features 96,114 square feet of fully occupied retail…
PHOENIX — INDUS Realty Trust has purchased a 418,000-square-foot warehouse and distribution facility in Phoenix. Terms of the transaction were not released. Fully leased at the time of sale, the cross-dock building features ample loading doors and trailer parking with 180-foot deep, fully secured and gated truck…
The Minkoff Group has filed preliminary permits to redevelop the vacant former Oracle campus at 10 Twin Dolphin Drive in Redwood City with a two-building, 331,300-square-foot research-and-development complex designed by Gensler, roughly half the size of the lab project its predecessor had planned for the waterfront…
A metal additive manufacturing company has secured a sizable Fremont research-and-development footprint, joining a roster of advanced-manufacturing tenants that drove Silicon Valley’s R&D leasing during the second quarter. Velo3D has signed a direct lease for 81,394 square feet at 2710 Lakeview Court in Fremont’s…
Two historic Embarcadero warehouse piers slated for a full renovation are being offered for long-term lease to major credit tenants, positioning up to 279,876 square feet of San Francisco waterfront space for occupancy in late 2029. The post Pacific Cornerstone Brings 280,000 SQFT Piers 38 & 40 Waterfront…
Sacramento’s industrial market posted its strongest leasing quarter since the 2021 building boom stalled, with vacancy edging down, sublease space contracting for the first time in five years, and tenants increasingly favoring Class A warehouse space despite a single West Sacramento move-out still weighing on…
San Mateo-based developUrban has cleared an early procedural hurdle for its proposed five-story, cross-laminated timber office building at 1430 Chapin Avenue in Burlingame, where city planners have opened public comment on the project's environmental review through August 25. The post developUrban Advances 103,000…
One co-owner of multifamily investment platform ESG Kullen is suing the other for alleged fraud, forgery, concealed financing deals and unauthorized equity transfers. Kullen King Properties and its managing member, Thomas DelPonti, filed a complaint last month in New York County Supreme Court against Eric…
An Uptown Manhattan landlord has purchased a Little Italy office building. Washington Heights-focused Artifact Real Estate Development purchased 165 Grand Street for $28 million from Bijan Nassi of Bijan Royal, according to a deed filing in property records Tuesday afternoon. Nassi, a controversial residential…
Governor initiated a pause in interconnections earlier this month
GOLDEN, COLO. — Monarch Investment & Management Group has sold Fox Hill Apartments in Golden for $32 million. Sierra Parkway Communities was the buyer, and JLL arranged the transaction on… The post Monarch Sells Long-Held Colorado Asset Fox Hill for $32M appeared first on Multifamily & Affordable Housing Business .
MARINA DEL REY, CALIF. — An affiliate of San Francisco-based Jackson Square Properties has acquired Shores, a 544-unit community in Marina del Rey for $170 million. Law firm Cox, Castle… The post Jackson Square Acquires Marina del Rey Asset for $170M appeared first on Multifamily & Affordable Housing Business .
OLATHE, KAN. — Chicago-based 29th Street Capital has acquired Chestnut Heights Townhomes in Olathe. The 161-unit townhome community will be managed by 29th Street Living, the company’s property management division.… The post 29th Street Capital Buys BTR Property in Metro Kansas City appeared first on Multifamily &…
VANCOUVER, WASH. — JLL has arranged a $42 million Fannie Mae refinancing loan for Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real… The post JLL Arranges $42M Refinancing for Portola Bridge Creek in Vancouver, Washington appeared first on…
🏆 Residential: The top recorded home sale was in Key Biscayne. Gusisa Limited, whose president is Concha Dominguez, sold the waterfront residence at 591 North Mashta Drive for $14 million to a company managed by Alvaro Castro Mendivil. The home measures 4,300 square feet, pricing the sale at $3,300 per square…
120-day moratorium aims to give the city time to re-evaluate its data center stance
Proposal called for rezoning of a 500-acre property
Brookfield and Canada Pension Plan Investment Board have agreed to acquire LXP Industrial Trust in a $5.2 billion transaction that will take the REIT private.
Benefit Street Partners completed a $1 billion commercial real estate collateralized loan obligation, marking activity in a historically quiet capital markets segment.
The multifamily market is entering a new phase defined less by broad national narratives and more by local realities, operational discipline, and selective opportunity. In a recent conversation on “Inside the Deal, a CRE Podcast by Berkadia®,” host Ernie Katai, executive vice president – head of production for…
Activist Erez Asset Management pushes UMH Properties toward a sale as private equity interest in manufactured housing communities grows. The post Manufactured Housing REIT Faces Sale Pressure as Private Equity Eyes Sector appeared first on Propmodo .
Gov. Greg Abbott's pause on data center connections aims to regulate power demands and boost established developers in Texas.
Venture One acquires a 132K SF industrial portfolio in the Chicago suburbs. Read more of the latest deals this week.
KHP Capital Partners sells Kimpton La Peer West Hollywood to APA Group. The Tokyo-based buyer is looking to grow its overseas holdings.
Pennsylvania officials must submit 217 census tracts for OZ 2.0 by Sept. 28. Philly could see fewer tracts included than in the first iteration.
Developers adapt to rising home prices and mortgage rates in South Florida, finding options to lure in buyers and lower expenses.
NYC's pied-à-terre tax caused short-term market shifts, but developers say the market will adjust.
Behring Cos. is transforming an Oakland facility into a 20-megawatt artificial intelligence data center, enhancing the East Bay Area's AI infrastructure.
RCS has announced a new $350 million fund with a contrarian investment strategy focused on distressed office properties in the United States.
Saratoga Capital takes over 17-story luxury Atlanta apartment tower after foreclosure.
Bell Partners buys Reading Commons for $96M, expanding its Boston portfolio.
The Domain Companies has closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in Astoria, Queens. Domain’s equity partners on the deal are Canyon Partners Real Estate and BLDG Management. The financing was brokered by Chris…
Brixton Capital, a vertically integrated owner and operator of retail and multifamily properties, has secured a lease with La La Land Café to occupy the mezzanine terrace and café space at its upscale Del Mar Plaza retail destination. La La Land will occupy 1,168 square feet of interior space, with additional…
JLL has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, a 216-unit portfolio of seniors housing communities located in Lake Elmo and Arden Hills, Minnesota. JLL’s Seniors Housing Capital Markets team represented the seller, Trident Development, in the transaction and secured the…
Silverstein Properties announced that Dunn Isaacson Rhee LLP has signed a new lease for 11,167 square feet of office space on the 34th floor of 7 World Trade Center. The lease establishes a New York office for the firm, an elite litigation boutique. “Dunn Isaacson Rhee represents the caliber of organization that…
Newmark arranged the sale of a note secured by Topaz Tower, a fully entitled adaptive reuse development project located at 222 W. 6th St. in San Pedro. The 12-story, 309,732-square-foot office tower is entitled for conversion to 246 market-rate multifamily units. Executive Managing Director Ryan Plummer, Co-Head of…
After the $6 billion Lincoln Yards megadevelopment failed to launch, at least one nearby property owner is cutting his losses. Longtime Chicago investor and founder of Belgravia Group, David “Buzz” Ruttenberg, sold a shopping center at 2070 North Clybourn Avenue for $18 million to Ohio-based real estate investment…
In Chicago’s downtown area, 35 office to residential building conversions that are either proposed, undergoing the conversion process or completed, now tally $2.1 billion in new investment. Data first reported by Crain’s shows that there are at least 4,466 new residential units being created out of the data set.…