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Commercial ObserverNews
Midwood Buys Mixed-Use Building Across From Former Downtown Brooklyn Macy’s
Midwood Investment & Development purchased 423 Fulton Street in Downtown Brooklyn, a four-story mixed-use building with ground-floor Panda Express retail and office space occupied by Staywell Medical Group, for $9.5 million from an LLC that included real estate investor Ralph Braha and the Nakash family. The transaction occurred amid a retail resurgence in the neighborhood following plans to redevelop the former Macy's building across the street into a retail and amusement destination called BKX.
Capital MarketsRetailMultifamilyU.S. NationalNew York
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Commercial ObserverNews
JPMorgan Funnels $205M to Refi Blackstone’s East Hotel in Miami
JPMorgan Chase provided a $205 million refinancing loan for Blackstone's East Miami hotel, a 39-story, 352-room property in the Brickell district that Blackstone acquired for approximately $300 million in 2025. The property, completed in 2016 and located within the Brickell City Centre mixed-use complex, represents the first debt loaded onto the asset and marks the second major South Florida hotel refinancing JPMorgan has provided to Blackstone in recent months.
Capital MarketsHospitalityDebt & FinancingU.S. NationalNew York
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BisnowNews
Meta Ups Investment To $50B For Its Largest Data Center Project
Social media giant Meta has expanded its already massive data center development in Richland Parish, Louisiana. The company announced Monday that its Hyperion data center campus will have 5 gigawatts of computing capacity and bring more than $50B...
Capital MarketsData CentersU.S. NationalLouisiana
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BisnowNews
Brookfield Eyes Stake In $3.5B Manhattan Office Campus
Brookfield is in talks to take a 10% stake in Hudson Square Properties, a 13-building office complex on the West Side of Manhattan. The deal would value the 6.2M SF campus, which is positioning itself as a nucleus for tech and media tenants in the city,...
Capital MarketsOfficeU.S. NationalNew York
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Commercial ObserverNews
Apollo Provides $71M Loan for Tribeca Luxury Condo Conversion
Apollo Global Management provided $71 million in construction financing to a joint venture of Broad Street Development and TPG Angelo Gordon for 139 Franklin Street, a Tribeca luxury condominium conversion project expected to deliver up to 18 units with three- to five-bedroom homes and private outdoor space. The developers acquired the former self-storage facility site for $43.5 million in 2025 and are marketing the boutique residential offering to luxury buyers in Manhattan's sought-after Tribeca neighborhood.
Capital MarketsDebt & FinancingMultifamilyU.S. NationalNew York
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BisnowNews
Hines Pays $151M To Buy Austin Office Tower From Brandywine
Hines is returning to the office market with a $151M bet on Austin. The global real estate investment management giant acquired a 206K SF office at 405 Colorado St. from Brandywine Realty Trust as it selectively targets trophy office assets with high...
Capital MarketsOfficeU.S. NationalAustin
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BisnowNews
MEAG Expands Dublin Residential With Fourth Irish Acquisition In 6 Months
Munich Re asset manager MEAG has strengthened its growing Irish real estate portfolio with the acquisition of the Seafield Strand apartment scheme in Sutton, North Dublin, for an undisclosed sum, marking its fourth investment in the capital in little...
Capital MarketsMultifamilyU.S. NationalMunich
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PropmodoNews
Tech Leasing Surge Pushes Hudson Square Portfolio to $3.5 Billion Valuation
Brookfield is buying into the $3.5 billion Hudson Square Properties as AI firms drive Manhattan West Side leasing and rents up 20%. The post Tech Leasing Surge Pushes Hudson Square Portfolio to $3.5 Billion Valuation appeared first on Propmodo . ]]>
PropTech & DataOfficeU.S. NationalNew York
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PropmodoNews
Sovereign Wealth Funds Double Down on Grocery-Anchored Retail Real Estate
Norway's $2.2 trillion sovereign wealth fund partners with Asana on a $500 million U.S. retail property investment focused on grocery-anchored centers. The post Sovereign Wealth Funds Double Down on Grocery-Anchored Retail Real Estate appeared first on Propmodo . ]]>
PropTech & DataRetailAlternativesU.S. NationalNorway
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REBusiness OnlineNews
Ascendant Purchases Eight-Hotel Portfolio Across Virginia Beach, Outer Banks
LOS ANGELES — Los Angeles-based Ascendant Capital Partners has acquired an eight-property hotel portfolio across Virginia Beach and North Carolina’s Outer Banks region. CBRE Hotels, the hospitality division of CBRE Group, represented the seller, Coastal Hospitality, in the transaction. CBRE also served as financial…
Capital MarketsHospitalityU.S. National
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REBusiness OnlineNews
Concord Summit Capital Arranges $115.5M Construction Loan for Multifamily Development in Fort Collins, Colorado
FORT COLLINS, COLO. — Concord Summit Capital has arranged a $115.5 million construction loan for Collins at Union Park, an apartment community in northern Colorado. Daniel Eidson, Keegan Burger and Ben Applebaum of Concord Summit Capital secured the nonrecourse loan, which features an 88 percent loan-to-cost ratio,…
Capital MarketsMultifamilyDebt & FinancingU.S. NationalColorado
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REBusiness OnlineNews
Merchants Capital Arranges $10.8M in Financing for Affordable Housing Development in Kansas
LAWRENCE, KAN. — Merchants Capital has arranged $10.8 million in permanent financing for Floret Hill, a 121-unit affordable housing development in Lawrence. Merchants Capital secured a Freddie Mac Unfunded Forward TEL loan for the project. The capital stack also includes federal and state low-income housing tax…
Capital MarketsAffordable HousingDebt & FinancingU.S. National
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REBusiness OnlineNews
JLL Arranges $56.1M Sale of Industrial Property Near Orlando Airport
ORLANDO, FLA. — JLL Capital Markets has arranged the $56.1 million sale of Cypress Park, a 256,838-square-foot industrial property located along Satellite Boulevard in Orlando. Luis Castillo, Cody Brais, Taylor Osborne, David Orta Jr. and Mia Gian of JLL represented the seller, Herbert Management Corp., in the…
Capital MarketsIndustrial & LogisticsU.S. NationalOrlando
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REBusiness OnlineNews
StreetLights Residential Completes 134-Unit Apartment Building in Houston
HOUSTON — Dallas-based developer StreetLights Residential has completed The Langley, a 134-unit apartment building located near Rice University in Houston’s Museum District. The Langley is a 20-story building that houses two- and three-bedroom units that range in size from 2,165 to 3,396 square feet. Residences are…
Capital MarketsMultifamilyU.S. NationalDallas-Ft. Worth
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REBusiness OnlineNews
Quantum Negotiates $5.8M Sale of Shopping Center in Aurora, Illinois
AURORA, ILL. — Quantum Real Estate Advisors Inc. has negotiated the $5.8 million sale of a 23,000-square-foot shopping center located at 405 N. Eola Road in Aurora. The center consists of 13 suites and is home to local, regional and national tenants. Brett Berlin of Quantum brokered the transaction. A local…
Capital MarketsRetailU.S. NationalIllinois
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REBusiness OnlineNews
SummerHill Breaks Ground on 251-Unit Multifamily Property in San Carlos, California
SAN CARLOS, CALIF. — SummerHill Apartment Communities has broken ground on 11 El Camino Real, a 251-unit multifamily community situated on 2.2 acres in San Carlos, located about 23 miles south of San Francisco. Completion is slated for 2028. SummerHill is a subsidiary of Marcus & Millichap and is based in Palo…
Capital MarketsMultifamilyU.S. NationalCalifornia
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REBusiness OnlineNews
Spear Street Capital Buys Lower Manhattan Office, Retail Building for $50.5M
NEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million. The 35,620-square-foot building was completed in 2022 and was fully leased at the time of sale, with Wells Fargo occupying the retail…
Capital MarketsOfficeRetailU.S. NationalSan Francisco
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Commercial ObserverNews
Crestline, PLG Lend $59M on Dallas-Area Condos
Crestline Management and PACE Loan Group provided $58.7 million in construction financing for the Maranello Luxury Garages, an 80-unit luxury garage condominium project in Plano, Texas, with Crestline supplying $36.2 million in senior debt and PLG providing $22.5 million in C-PACE financing. The project is expected to reduce annual energy use by 28 percent and water use by 14 percent through sustainability improvements funded by the C-PACE component.
Capital MarketsMultifamilyDebt & FinancingU.S. NationalNew York
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Commercial ObserverNews
Jemal Equities Refinances D.C. Office Building With $27M CMBS Loan
Jemal Equities secured a $27 million commercial mortgage-backed securities loan from Citibank for the refinancing of 1750 H Street NW in Washington, D.C., arranged by Meridian Capital Group. The 123,000-square-foot office building was purchased by Jemal in July 2025 for $28.5 million when it was nearly vacant, and the new permanent debt replaced the initial bridge financing after the property achieved significant leasing momentum within a single year.
Capital MarketsOfficeCMBSU.S. NationalNew York
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Commercial ObserverNews
Douglaston Realty Offloads 7 Cornelia Street in West Village for $25M
Douglaston Realty sold 7 Cornelia Street, a five-story prewar West Village building containing 47 apartments and two ground-floor retail spaces, for $25 million, with the buyer masked behind a shell corporation and a $17.6 million mortgage from Woori America Bank. The property was originally acquired by Douglaston in 2013 for $24.6 million, and investor Hyun Jun An, who signed the mortgage documents, has been involved in recent acquisitions including 893 Broadway in the Flatiron District for $31 million and 16 East 18th Street for $16.3 million.
Capital MarketsRetailU.S. NationalNew York
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Commercial ObserverNews
Twain Capital Supplies $65M C-PACE Loan for Colorado Hotel Project
Twain Capital Partners provided a $65 million Commercial Property Assessed Clean Energy (C-PACE) loan for the Foote's Rest mixed-use development in Frisco, Colorado, which will include an 80-key Marriott Tribute Hotel and an underground entertainment venue with bowling and golf facilities, with completion slated for October 2027. The St. Louis-based lender has originated $265 million in C-PACE loans since launching its platform in late 2025 and maintains a pipeline of $140 million under contract expected to close by the end of 2026.
Capital MarketsHospitalityDebt & FinancingU.S. NationalNew York
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Commercial ObserverNews
Siemens Financial, First Horizon Lend $65M on Palm Beach Gardens Medical Complex
Siemens Financial and First Horizon provided $64.8 million in construction financing for the Health Park at Avenir project in Palm Beach Gardens, Florida, a hospital and medical outpatient complex fully leased to Jupiter Medical Center. The project, located at 12001 Northlake Boulevard, comprises a two-story neighborhood hospital and three-story medical outpatient building totaling 101,517 square feet, with an approved future phase for 24,000 additional square feet of medical outpatient space.
Capital MarketsHealthcareDebt & FinancingU.S. NationalNew York
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BisnowNews
Blue Owl Launches Data Center Infrastructure Venture
Blue Owl Capital is launching a new venture that will develop, own and operate fiber networks in an effort to capitalize on the data center boom. Funds managed by Blue Owl announced the creation of Kirkwood Infrastructure Group to carry out the development...
Capital MarketsData CentersAlternativesU.S. National
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BisnowNews
Stanhope And Norges Go Hunting As Sovereign Fund Pivots Strategy
UK developer and asset manager Stanhope has won a mandate to manage a £4B portfolio of London and Paris office assets on behalf of Norges Bank Investment Management, the world’s largest sovereign wealth fund. The companies will also partner up to look...
Capital MarketsOfficeREITsU.S. NationalLondon
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Multifamily & Affordable Housing BusinessNews
Marcus & Millichap Arranges $4.6M Sale of Regents Park in Holly Hill, Florida
HOLLY HILL, FLA. — Marcus & Millichap has arranged the sale of Regents Park, a 32-unit property in Holly Hill, 3 miles north of Daytona Beach. The asset sold for $4.6… The post Marcus & Millichap Arranges $4.6M Sale of Regents Park in Holly Hill, Florida appeared first on Multifamily & Affordable Housing Business . ]]>
MultifamilyAffordable HousingSenior HousingFloridaU.S. National
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Multifamily & Affordable Housing BusinessNews
PCCP Provides $80M Refinancing for Foulger-Pratt’s The Rae in Bethesda, Maryland
BETHESDA, MD. — PCCP has provided an $80 million refinancing loan to Foulger-Pratt for The Rae, a 343-unit property at 10401 Motor City Drive in Bethesda. The Potomac, Maryland-based investment… The post PCCP Provides $80M Refinancing for Foulger-Pratt’s The Rae in Bethesda, Maryland appeared first on Multifamily &…
MultifamilyAffordable HousingDebt & FinancingMarylandU.S. National
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