What happened, and who moved.
Fort Worth's Ridgmar Mall to become Ramrock Real Estate's logistics hub.
Sagard Real Estate announced the $91 million acquisition of 7001 Quad Avenue, a 621,144-square-foot distribution facility in Rosedale, Maryland. Located in Baltimore County East, the region’s largest industrial submarket, the asset is fully leased to users across food and beverage distribution and third-party…
JLL Capital Markets arranges sale of Newmans Crossing in Gallatin, Tennessee, where population has surged 66% since 2020
Post Brothers is putting a pair of multifamily buildings on the market in Philadelphia, trying to seize on the rising rental market in the city. Post listed The Darien at 815 Poplar Street and The Poplar at 900 North 9th Street for sale, the Philadelphia Business Journal reported. No asking price was given for the…
Berkadia announced the recapitalization of Enclave at 127th, a 340-unit value-add apartment community in Plainfield, Illinois. The transaction was led by Senior Managing Directors Gordon Reynolds and Brian Myers and Vice President Conner Adkins of Berkadia Strategic Capital, in collaboration with Senior Managing…
Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit multifamily community in Sumner, Washington. Delivered in 2024 by the sponsor, Sumner Mill Apartments is a 3.89-acre garden-style community located at 5816 162nd…
Life sciences developer Longfellow Real Estate Partners has parted with its first-ever New York City project at a discount. Longfellow’s Hatch Life Sciences Building, located at 43-10 23 Street in Long Island City, Queens, has sold for $86.9 million, according to city records filed Friday. Pearl Realty Management’s…
Barry Sternlicht’s Starwood Asset Management has acquired two affordable housing properties in Miami-Dade County from the Gatehouse Group, paying a combined $63.8 million, property records show. In the largest deal, the investor paid $34 million for the 150-unit Magnolia Landing Apartments in the Naranja…
An international advertising agency is more than doubling its office footprint with a new headquarters lease in El Segundo, Calif. Innocean USA signed the 101,000-square-foot deal at Hackman Capital Partners’ creative office campus in the small enclave just south of Los Angeles International Airport. The agency…
BPS Purestone bets £500M to disrupt London's office market with swift value-add asset acquisitions.
Architecture firm Selldorf Architects has renewed its 10-year, 13,815-square-foot lease at Gordon Property Group’s 860 Broadway. Selldorf has called the Flatiron District’s 860 Broadway home for the last two decades, according to landlord brokerage Colliers. The asking rent was not disclosed. However, the average…
Blackstone sold a 28-building, 1.9 million-square-foot industrial portfolio in Sacramento’s North Natomas submarket to Blue Rise Ventures and DRA Advisors, marking the region’s largest portfolio transaction since 2017 as Colliers points to tightening supply ahead. Blackstone has sold a 28-building industrial…
JLL Capital Markets advises on apartment sale reflecting sustained investor demand in west Denver corridor
One of downtown Chicago’s landmark office buildings is getting closer to becoming a partial data center in the midst of pushback from preservation groups. The Permit Review of the Commission on Chicago Landmarks greenlit plans to transform the bottom half of 300 West Adams Street into a data center, thrusting the…
Agora Realty (Agora) has completed construction for Hylo Park South, its 90,750-square-foot grocery-anchored retail center located at the southeast corner of Lake Mead Blvd. and Rancho Drive in the city of North Las Vegas. This retail center will be a central gathering place for Agora’s 73-acre master-planned,…
BH Properties, a value-add real estate investment firm with regional offices in Dallas, Austin, and Houston, completed the acquisition of Tollway North Office Park, a 297,591-square-foot, seven-building business park in Plano, Texas. The acquisition follows the firm’s February 2025 purchase of the adjacent R&D at…
Blackstone sold a 28-building, 1.9 million-square-foot industrial portfolio in Sacramento’s North Natomas submarket to Blue Rise Ventures and DRA Advisors, marking the region’s largest portfolio transaction since 2017 as Colliers points to tightening supply ahead. Blackstone has sold a 28-building industrial…
Cabot Properties sold an eight-building modern industrial portfolio totaling approximately 2.4 million square feet across Dallas-Fort Worth and Houston, Texas. The portfolio was acquired by a private real estate investment firm. Five of the properties are in the Dallas-Fort Worth submarkets of South Dallas,…
Condo shoppers can find deals in the Denver market. Median condo values in the region have fallen 14.3 percent from their 2022 peak of $370,000, Denverite reported, citing an analysis by local real estate agent Cooper Thayer. For the broader attached-home market that includes condos, townhomes and duplexes, median…
RXR, together with Halpern Real Estate Investments, Korman Communities and Invent Development Partners, secured $125 million in construction financing for AVE Station House, a 301-unit luxury multifamily development in Denver, Colorado. The property was financed with a $100 million senior loan from Madison Realty…
Commercial and multifamily mortgage loan originations were 16% higher in the second quarter of 2026 than in the year-ago period, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Dollar volume increased 12% from Q1 of 2026, MBA said.…
FORT WORTH, TEXAS — Tampa-based brokerage firm Franklin Street has negotiated the sale of The Reserve on Willow Lake, a 138-unit multifamily property in southwest Fort Worth. Built in 1996, the property offers two- and three-bedroom apartments, as well as townhomes. Amenities include a pool, fitness center and a…
Moshe Popack’s YMP Real Estate Management has secured $30 million to refinance Park Towers, a 210-unit multifamily complex in Miami, Commercial Observer can first report. Valley National Bank provided the loan, structured at a fixed-rate of 6.09 percent, while Meridian Capital Group’s David Hayum and Michael…
MIDLAND, TEXAS — Marcus & Millichap has brokered the sale of a 12,000-square-foot industrial building in the West Texas city of Midland. The single-tenant building was constructed on 6.6 acres in 2019 and was fully leased at the time of sale to water transfer equipment and services provider Coastal Production…
DESOTO, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged an $8.2 million loan for the refinancing of Grizzly Self Storage, located in DeSoto, a southern suburb of Dallas. The number of units was not disclosed, but Grizzly Self Storage spans 132,265 net rentable square feet and offers both personal and…
PITTSBURGH — JLL has arranged the recapitalization of Tower Two-Sixty, a mixed-use property in downtown Pittsburgh. Completed in 2016, Tower Two-Sixty consists of 130,000 square feet of office space, 14,000 square feet of retail and restaurant space, a 197-key Hilton-branded hotel and a 321-space structured parking…
An artificial intelligence-driven document processing firm is relocating within the Flatiron District, Commercial Observer has learned Extend AI signed an 8,750-square-foot lease across the entire sixth floor of 119 Fifth Avenue in a relocation from its current offices at 135 West 29th Street, according to the…
TRUMBULL, CONN. — Locally based brokerage firm Vidal/Wettenstein has negotiated the $6.4 million sale of a 57,000-square-foot industrial building in the southern coastal Connecticut city of Trumbull. The building at 205 Spring Hill Road and formerly housed the operations of the Trumbull Printing Co. Bruce…
NEW YORRK CITY — Local owner-operator Tredway has purchased Restore Housing, a 138-unit affordable housing property in Brooklyn’s Bedford-Stuyvesant neighborhood, for $41.5 million with plans to implement renovations. Units at the property are reserved for households earning 60 percent or less of the area median…
DOVER, N.J. — CBRE has brokered the $6.8 million sale of a 6.5-acre industrial development site in the Northern New Jersey community of Dover. The parcel is part of the newly opened, 80,000-square-foot headquarters facility of Dover Tubular Alloys at 220 W. Clinton St. Thomas Mallaney and Denise Kokulak of CBRE…
A Delray Beach-based private equity real estate firm and its partners acquired a 53-building industrial portfolio valued at $628 million that spans seven states. Redfearn Capital, TPG Redfearn, Atlanta Property Group and Matterhorn Venture Partners purchased 5.4 million square feet of distribution, logistics and…
Wood Partners, in partnership with Marcus Partners, has broken ground on Altera Heights, a 280-unit multifamily community located in Apex, North Carolina, a suburb of Raleigh. The Triangle Business Journal reports Woods acquired 13.5 acres north of Highway 64 for $4.9 million. Located at the intersection of Jenks…
Delray Beach-based Redfearn Capital has partnered with private equity giant TPG to acquire a 53-building industrial portfolio in seven states for $628 million. DRA Advisors was the seller. The Portfolio comprises approximately 5.4 million square feet of distribution, logistics and manufacturing facilities across…
Harbor Group International has bought Emerald Palms, a 505-unit garden apartment complex near Zoo Miami in Kendall, for $109 million from Milestone Group, which paid $107 million for the same property in 2021. The South Florida Business Journal reports the buyer assumed the seller’s mortgage, which Berkeley Point…
SAN BERNARDINO, CALIF. — Commercial mortgage banking firm PSRS has arranged a $11.2 million loan for the refinancing of a nine-story office building in San Bernardino. At the time of financing, the 126,000-square-foot property was 89 percent leased to tenants such as the Internal Revenue Service (IRS) and the City…
WASHINGTON, D.C. — PRP Real Assets has acquired 900 19th Street NW, a 116,385-square-foot office tower located in Washington D.C’s Central Business District, roughly three blocks west of the White House. According to the Washington Business Journal, the property sold for $30 million. The previous owner, Tishman…
PHOENIX — Marcus & Millichap has brokered the sale of a 984-unit Extra Space Storage facility in Phoenix. Located at 6316 N. 7th St., the gated-access property features fully climate-controlled units, drive-in loading areas, multiple elevators, onsite management office, 24/7 video surveillance and an interior…
HANAHAN, S.C. — New York City-based Obelisk Real Estate Partners has acquired a two-building industrial park spanning 516,000 square feet (5801 N. Rhett Ave.) and an adjacent 305,250-square-foot industrial building (1020 N. Pointe Industrial Blvd.) in Hanahan, approximately eight miles outside North Charleston. Oak…
WEST PALM BEACH, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $90.5 million sale of Pointe Verde Beach Lakes, a 400-unit condominium property located in West Palm Beach. Marcus & Millichap confirmed that the buyer, New Jersey-based apartment operator Kamson Corp.,…
AUSTIN, TEXAS — Canyon Creek Real Estate has acquired One Eleven Congress, a 533,711-square-foot office tower located in downtown Austin, for $208 million. Eastdil Secured represented the seller, Atlanta-based Cousins Properties (NYSE: CUZ), in the transaction. “One Eleven Congress is a well-established and highly…
Opus Vastgoed heeft de bedrijfslocatie aan de Elbe 23 in Den Haag gekocht.
Invictus Real Estate Partners has secured $67.2 million to refinance Eliot on Ocean, a 194-unit multifamily property in Revere Beach, Mass., a coastal submarket five miles outside of Boston. Bridge Investment Group Holdings provided the debt, structured as a three-year, floating-rate loan, while a JLL Capital…
Fancy adding a 770,386-square-foot trophy office property to your portfolio? You’re in luck. Tishman Speyer is marketing 6 Grand Central for sale, sources told Commercial Observer, with an asking price somewhere around $450 million. The fee simple interest in the property is being marketed by Eastdil Secured’s Gary…
Predication and betting site Polymarket has doubled its footprint at 78 Crosby Street to 12,700 square feet, adding the fifth floor to the space it already leases on the fourth floor. Polymarket has been headquartered at the Lower Manhattan building since 2023. Its original lease for 6,350 square feet was also…
SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments in Sumner, approximately 30 miles south of Seattle. Joshua Westerberg led the Mesa West Capital team that originated the loan. Jake Roberts of BWE’s Los Angeles…
LAS VEGAS — CONAM Strategic Investments Fund IV, a discretionary investment fund sponsor by The CONAM Group, has acquired the 232-unit Alicante Apartments Homes in Las Vegas’ Spring Valley submarket. Terms of the transaction were not released. Built in 2001 on 11.2 acres, Alicante features one-, two- and…
PHOENIX — Marcus & Millichap has brokered the sale of a 984-unit Extra Space Storage asset in Phoenix. Located at 6316 N. 7th St., the gated-access property features fully climate-controlled units, drive-in loading area, multiple elevators, onsite management office, 24/7 video surveillance and an interior concrete…
SAN BERNARDINO, CALIF. — PSRS has arranged a $11.2 million loan for refinancing for a nine-story office building in San Bernardino. At the time of financing, the 126,000-square-foot property was 89 percent occupied, as it has been since 2000. Tenants include the IRS and the City of San Bernardino. Jacob Lee and…
Construction hasn’t even begun on Ritz-Carlton Residences Houston, but the developers behind the $290 million project are already mired in legal trouble. Jacob Sudhoff, Texas real estate wunderkind and former CEO of Douglas Elliman Texas, sued an entity affiliated with the forthcoming branded condo-hotel project’s…
A three-tower Live Local Act project is proposed to take the place of a former Winn-Dixie in Fort Lauderdale. An entity linked to property owner John Thompson Loos III and Amy Loos Mergler filed an application for a residential project with 306 workforce housing units on a 3.1-acre site at 1625 and 1645 Cordova…
U.S. employers unexpectedly shed 23,000 jobs in July, falling far short of the 88,000 gain projected by economic consensus, according to data released by the U.S. Bureau of Labor Statistics. The drop was compounded by sharp downward revisions to prior months. May payroll additions were revised down by 66,000 to…
KANSAS CITY, MO. — American House Senior Living Communities and Winterpast Capital Partners have acquired St. Anthony’s Senior Living, a 192-unit community in Kansas City. Helios Healthcare Advisors brokered the sale. Situated on a 4-acre campus in the Brookside neighborhood, the property consists of independent…
JEFFERSONVILLE, IND. — Northmarq has arranged the sale of Jeff on 10th, a 190-unit multifamily property in Jeffersonville, a suburb of Louisville. Bobby Schiavone, Adam Klenk and Jordan Arand of Northmarq represented the seller, a regional multifamily developer. The buyer was S&S Properties Investment. Noah Juran…
COLUMBUS, OHIO — The NRP Group has broken ground on OSU East, a 336-unit apartment development in Northwest Columbus. The project marks NRP Group’s first market-rate community in Columbus. The 27.5-acre development site on West Dublin Granville Road will also include 138 for-sale townhomes developed by M/I Homes of…
CHICAGO — The Shops at North Bridge will undergo a multi-million-dollar reinvestment that will reposition the Michigan Avenue property at the gateway to Chicago’s Magnificent Mile. The multi-phase restoration will introduce a new street presence, hospitality-inspired interiors and a reimagined mix of retail and…
Nine months after acquiring a shuttered West Sacramento bottling plant that had put more than 350 people out of work, Redwood Beverage Group has leased an entire 236,716-square-foot distribution building nearby, signaling that the private-equity-backed co-packer intends to operate at a scale well beyond the plant…
Sacramento’s office vacancy declined and absorption turned positive in the second quarter, but every one of the market’s five largest leases went to a government or healthcare tenant, leaving the sector’s recovery resting on public-sector demand as private companies continue to sit on the sidelines, according to…
Silicon Valley’s retail landscape has shifted into a landlord’s market, where ethnic grocers, medical users and drive-thru coffee chains are competing over a shrinking supply of well-located, high-infrastructure space even as single-tenant net-lease investment sales slide for a second consecutive year. Silicon…
Amazon has agreed to a multi-year extension of its roughly 300,000-square-foot lease at 525 Market St., adding about 30,000 square feet even as the company shutters its downtown artificial general intelligence lab and pares back its office footprint elsewhere in San Francisco. The post Amazon Renews 300,000 SQFT…
Blackstone sold a 28-building, 1.9 million-square-foot industrial portfolio in Sacramento’s North Natomas submarket to Blue Rise Ventures and DRA Advisors, marking the region’s largest portfolio transaction since 2017 as Colliers points to tightening supply ahead. Blackstone has sold a 28-building industrial…