What happened, and who moved.
Downtown Miami’s largest landowner Moishe Mana just made his portfolio even bigger, adding $33 million worth of properties within 10 days. Mana’s firm, Mana Common, paid $20.3 million for the 35,550-square-foot Historic U.S. Post Office Building at 100 Northeast First Avenue and the adjacent 15,000-square-foot…
Lee & Associates NYC announced that Treeswift Inc., an AI-powered infrastructure technology company helping electric utilities modernize field operations, has relocated its New York headquarters to 256 W. 38th St. after signing a four-year, full-floor lease for 7,487 square feet. The Philadelphia-based tenant is…
Marcus & Millichap closed the sale of 7203 Rubio Ave., a 30-unit multifamily property in the Lake Balboa neighborhood of Van Nuys. The property sold for $9.5 million or $316,667 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured $6,223,000 in acquisition financing.…
New York State Homes and Community Renewal (HCR) Commissioner RuthAnne Visnauskas announced that the first project under the Housing Acceleration Fund launched last year has closed on construction financing. North White Plains, a $178-million mixed-use transit-oriented development in Westchester County and located…
Marcus & Millichap closed the sale of 235-237 Kent Ave., two mixed-use buildings in Brooklyn’s Williamsburg neighborhood, for $16.4 million. “We are happy to successfully complete a round trip for our seller, whom we previously sold the property for $12.3 million in 2021 during the pandemic,” said Shaun Riney of…
Cushman & Wakefield, along with locally based buyers DMJ Capital Partners, LLC and StoneSteps Real Estate, LLC, announced the acquisition of a multi-tenant office property, located at 169 Saxony Rd. in Encinitas, for $13.5 million. The property was previously held in a family trust, having been owned and operated…
Sterling Bay and a JP Morgan Asset Management fund scored a three-year, $213 million refinancing loan from Barings for the high-rise building at 360 North Green Street. The building in Fulton Market boasts 500,000 square feet of office space across its 24 stories, a 5,000-square-foot roofdeck on the fourth floor, a…
R.W. Holmes Commercial Real Estate has been retained as leasing agent for 846 University Ave., a Class A office property in Norwood, MA. Previously the headquarters of National Amusements and Showcase Cinemas, the property is now being marketed for lease for the first time since 2006. “Today’s tenants are looking…
Colliers completed the sale of The Ridge Apartments, located at 1718 West 55th Avenue in Merrillville, Indiana. Morgan Properties acquired the community. The sale was led by the Colliers team of Bryce Wetzel, Tyler Hague, Lauren Stoliar and Ryan Roegner, who represented the owner, Parkmont Group, a real estate…
Northmarq’s San Diego Debt + Equity team led by Conor Freeman and Aaron Beck arranged a $34-million refinance of Northwoods Apartments, a 324-unit garden-style multifamily community located at 1662 W. Arrow Hwy. in Upland. Northmarq arranged the permanent-fixed financing on behalf of the borrower through the firm’s…
JLL has closed the sale of Twelve 501 Apartments, a 336-unit multifamily community in Burnsville, Minnesota. JLL represented the seller, FPA Multifamily and secured the buyer, Osso Capital, marking their first-ever investment in Minnesota. The JLL Capital Markets team was led by Managing Director Josh Talberg,…
The redevelopment plan for a nearly 7-acre shopping complex in a North Shore suburb by contract purchaser and developer Pulte Group courted heated public debate ahead of its development application review with the Village of Northbrook. The proposal — demolishing Meadow Plaza shopping center at 1901 Cherry Lane and…
Avison Young’s cash flow issues are catching up to its UK companies.
Hollywood is poised to relax some of its development rules to allow oceanfront towers in the area where BH Group and Related group have a historic hotel under contract. The city is considering an overhaul that could bring up to 340-foot projects under restrictive regulations near the historic Hollywood Beach…
Lee & Associates of Illinois has closed a pair of lease renewal transactions totaling 73,513 square feet in Itasca, Illinois. Jeff Galante, SIOR, principal at Lee & Associates’ Illinois office, represented the tenant, Richards Building Supply, a national building exterior material supplier, in a 58,513-square-foot…
Slate Property Group said Friday it has closed on a new Separately Managed Account (SMA) with up to $1 billion of capital dedicated to sourcing and originating lower-leverage senior secured residential construction and bridge loans. Loans for residential developments in high-growth, transit-oriented East Coast…
With the sale of the unfinished Oceanwide Plaza site in Los Angeles recently approved by a bankruptcy court, another project left in limbo by China-based Oceanwide Holdings’ collapse is gaining renewed momentum. The San Francisco Recovery Fund has hired BXP as a development advisor on plans to build a 910-foot…
OpenAI has leased the Tropical Fruit Warehouse as its new European headquarters, taking 88K SF to support its growing workforce. The artificial intelligence giant, which has circa 100 employees in Dublin today, is planning to create 250 new roles over...
The redevelopment of the former Mars Wrigley factory has not been as easy as taking candy from a baby. Plans to convert the shuttered factory at 2019 N. Oak Park Ave. in Galewood have stalled after a series of contentious public meetings.
Transwestern has been retained by Maryland REALTORS to provide asset services for two office buildings totaling 64,708 square feet in Annapolis, Maryland. The properties include 200 Harry S. Truman Parkway, the association’s 54,762-square-foot headquarters office building, and 2594 Riva Road, a 9,946-square-foot…
A 107-key hotel in Midtown has traded for roughly $95 million. Eurostars Hotel Company, a Spanish hotel chain managing more than 300 properties globally, has purchased the Chemists’ Club Hotel at 52 East 41st Street from Azora, another Spanish company specializing in large-scale hotel investments, according to a…
Garfield Investments, in partnership with Broad Creek Capital, announced the acquisition of 1667 K Street NW, a nearly 200,000-square-foot office building located on the prominent corner of 17th Street and K Street NW, overlooking Farragut Square. The property was acquired for $26.2 million. The purchase is…
CBRE has arranged the sale of Langara, a 134-unit garden-style apartment and townhome community in Issaquah, Washington, for $55.1 million. CBRE represented the seller, JB Matteson, Inc., in the transaction. The buyer was not disclosed. Kyle Yamamoto, Eli Hanacek, Jordan Louie, and Natalie Kasper of CBRE’s Pacific…
An upscale part of Center City has long been one of its most coveted retail hubs. Some of that activity is now starting to spill into a growing residential neighborhood nearby.
The Dallas Fort Worth International Airport is inching closer to owning every single one of the hotels on the property. On Wednesday, the Public Facility Improvement Corporation of the airport approved the purchase of the Terminal C-adjacent Hyatt Regency International Airport, according to the Dallas Business…
Skender has started the 500 N. Michigan Avenue adaptive reuse project, a transformative conversion of a 400,000-square-foot office tower into 320 residential units on Chicago’s Magnificent Mile. Developed by Connecticut-based Commonwealth Development Partners and designed by GREC Architects, the 24-story building…
Sundance Properties has sealed $25.6 million of construction financing to bring a multifamily development in Alpine, Wyo., across the finish line, Commercial Observer has learned. Izo Capital supplied the 24-month senior construction loan to fund the completion of Phase 1 of the developer’s planned the Flats at…
CW Realty Group closed on a deal to acquire a parking facility in Downtown Brooklyn, Commercial Observer has learned. Cheskie Weisz’ CW Realty entered into a contract to purchase 55 Smith Street in December from New Jersey-based firm Edison Properties, Crain’s New York Business reported at the time. The sale closed…
Kimco Realty, one of the biggest owners of grocery-anchored retail centers in the country, has acquired two more in Broward County for a combined $109 million from KPR Centers, property records show. In the largest transaction, the Jericho, N.Y.-based REIT paid $56 million for Sunshine Plaza, a 245,744-square-foot…
Camden Property Trust sold its 11-property California portfolio for $1.63B, roughly seven months after it disclosed it was looking to leave the state.
Churchill Downs Inc., the owner of the famous race track that hosts the Kentucky Derby and other gaming properties, is selling off nine casinos as part of a plan to focus on its horse racing and online betting platforms.
Austin’s seventh tallest tower sold for $208 million this week, according to an SEC filing. Cousins Properties offloaded One Eleven Congress to Canyon Creek Real Estate on Wednesday, according to the Austin Business Journal. The price comes out to $413 per square foot. As of June 2025, One Eleven Congress was 84…
Punia & Marx Real Estate sold the Whitestone Shopping Center in Queens for $56 million. Long Island-based Schuckman Realty purchased the Key Food-anchored property at 153-15 Cross Island Parkway, according to a deed transfer in property records filed Friday. The purchase could be a play for assets tied to grocery…
The DFW Airport already owns the Grand Hyatt DFW, Hyatt Place DFW and Hyatt House, which is under construction and slated to open in summer 2027. It’s now eyeing a fourth Hyatt hotel property. DFW Airport’s Public Facility Improvement Corp. board recently approved the purchase of Hyatt Regency DFW International…
AvalonBay Communities, Inc. and Equity Residential announced Vivmark Residential as the name for the combined company resulting from their merger of equals. The new company, which expects to trade under the ticker symbol VMRK, will have a pro forma equity market capitalization of approximately $53 billion and an…
OHT Partners has begun construction of a 360-unit apartment complex called Park Row at 14192 Park Row Blvd. in Houston. OHT recently broke ground on another project, 5 miles to the west on Park Row Boulevard. Dubbed Park Row, it will have 11 three-story buildings, a clubhouse, a pet spa and a bike storage facility…
A historic downtown Denver office building that once lined up $17 million in public financing for a residential conversion is on the market after a foreclosure. The 98,600-square-foot, eight-story building at 820 16th Street, marketed as The George rather than its previous name of the Symes Building, is being…
Acquisition expands FGC's footprint in Western North Carolina Acquisition expands FGC's footprint in Western North Carolina
An affiliate of South Korea's Hana Asset Management and Southern California's Ocean West Capital Partners has defaulted on the $88.1 million Deutsche Bank loan secured by a four-building North San Jose office campus that has sat empty since eBay walked away in 2020, clearing a path toward foreclosure on one of…
New Jersey developer Fadi Samaan has landed $23.5 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a multifamily complex in Passaic, NJ., Commercial Observer has learned. Dwight Capital supplied the HUD 223(f) loan on the 104-unit Station at Passaic Phase II development,…
🏆 Residential: Fort Lauderdale had the priciest home sale recorded in South Florida. A company managed by Michael D. Snyder, founder and CEO of MDS Energy Development, parted with the home at 340 San Marco Drive for $9.5 million. The buyer was a company tied to Margaret Yu and Thomas Lee. The property last sold…
Kimco Realty went on a $109 million grocery-anchored shopping spree in Broward County, picking up a pair of retail centers from KPR Centers. The Jericho, New York-based real estate giant dropped $56 million for Sunshine Plaza in Tamarac and $53 million for Pompano Marketplace in Pompano Beach, records show. The…
The rapper whose hit single “Hustlin’” debuted two decades ago is bringing his hustle to real estate development. Rick Ross joined the development team of EnSima, an eight-story 670-unit residential project in Miami Gardens, Bisnow reported. The Grammy-nominated artist is partnering with EnSima Miami I, led by…
Cousins Properties Inc. has sold the One Eleven Congress office building in downtown Austin to Canyon Creek Real Estate. Cousins sold the One Eleven Congress office building for $208 million. Eastdil Secured brokered the sale. The Austin Business Journal reports building improvements may include modernizing common…
Pacific Retail Capital Partners defaulted on a $107.4 million loan backed by the Yorktown Center mall in Lombard, sending the suburban Chicago mall toward a deed-in-lieu of foreclosure. Los Angeles-based Pacific’s floating-rate commercial mortgage-backed securities debt transferred to special servicer KeyBank on…
Technological features have long been viewed as attraction and retention tools for commercial properties. Now, there’s more to them. In addition to multifamily, mixed-use and hospitality end-users demanding advanced tech for a seamless living experience,...
A 179,376-square-foot retail center in Fort Worth has traded hands. JLL represented the seller, Dunhill. The buyer was EDENS. The Village at Camp Bowie sits along Camp Bowie Boulevard. The property’s tenant roster features a mix of grocery, dining and service concepts, including Sprouts Farmers Market The center…
A Kroger Marketplace is taking over a former Walmart store near Perimeter Mall in Dunwoody. The Atlanta Business Chronicle reports that Kimco, the owner of Perimeter Village since 2022, worked out the deal with Kroger’s to take over 118,000 square feet of the 183,000 square foot building. Walmart vacated its space…
Link Logistics purchased a two-building industrial portfolio totaling 352,396 square feet in Texas’ Dallas-Fort Worth and Austin metropolitan areas. The portfolio includes two infill industrial properties: a 291,285-square-foot warehouse property at 450 Airline Drive (shown) in Coppell, Texas, located within the…
Billionaire Charles Koch is the latest in a long line of real estate players ready to cash in on the data center boom. Koch Real Estate Investments, a subsidiary of Koch Inc., is receiving bids for its data center business, Edged. Unknown parties already submitted multiple bids that could result in a valuation of…
Blackstone is wheeling and dealing when it comes to its industrial real estate holdings, selling a portfolio to a joint venture for a ten-figure sum. PCCP and Stonemont Financial Group acquired the 38-property, 5.9-million-square-foot portfolio from Blackstone for upwards of $1 billion, the Commercial Observer…
A new company brings a new name. Two months after multifamily giants AvalonBay Communities and Equity Residential merged to form one of the country’s largest real estate companies — the total enterprise value is calculated at $71 billion — the two firms announced Friday that their new company will be called Vivmark…
Woodfield Development opened the doors to Tides at Palm Bay, a 318-unit, $100 million luxury apartment community in Palm Bay, Florida. Located at 2485 Port Malabar Blvd. NE Palm Bay, it features apartments in two five-story buildings & townhomes, alongside 19,000 square feet of commercial space. The development…
Waterton paid $128.11 million for Franklin’s Wyndchase Aspen Grove development, a high price to pay for a rental community. Despite the sale price, the Nashville Business Journal reports that the seller, Berkshire Residential Investments, lost money on the deal. Berkshire paid $138.1 million for the apartment…
Adam America Real Estate and Stellar Communities successfully refinanced the Havens at Hickory Tree Reserve, a newly completed 134-townhome build-to-rent community in St. Cloud, Florida. The joint venture secured a $35.1 million bridge loan from CoreVest American Finance Lender, LLC (“CoreVest”), replacing the…
MARLBOROUGH, MASS. — Advocates, a nonprofit organization that supports people with behavioral health disorders, disabilities and brain injuries, has signed a 95,182-square-foot office lease in the western Boston suburb of Marlborough. The deal brings the 160,649-square-foot building at 251 Locke St. to full…
CLIFTON, N.J. — Nashville-based brokerage firm Matthews has negotiated the $4.4 million sale of a portfolio of three contiguous mixed-use buildings totaling 14,500 square feet in the Northern New Jersey community of Clifton. The buildings at 233, 235 and 237 Dayton Ave. house one- and two-bedroom apartments in…
SALT LAKE CITY — Seefried Industrial Properties, in partnership with Clarion Partners, has broken ground on a speculative industrial development at 4950 West 1100 South in Salt Lake City. The project is the firms’ first joint development in the Salt Lake City market. Slated for completion in third-quarter 2027, the…
CORPUS CHRISTI, TEXAS — Mega Furniture has signed a 52,677-square-foot retail lease in Corpus Christi. The building at 4818 S. Padre Island Drive was originally constructed in 1973 and was formerly occupied by Conn’s HomePlus. Lynann Pinkham of local brokerage firm Cravey Real Estate Services represented the…
PARMA, OHIO — Hendon Properties, in a joint venture with Axiom Realty and Peaceable Street Capital, has acquired The Shoppes at Parma in the Cleveland suburb of Parma. Anchor tenants at the 734,199-square-foot shopping center include Walmart Supercenter, Burlington, Dick’s Sporting Goods and grocer Marc’s. The deal…