What happened, and who moved.
American power-electronics startup Heron Power has committed to a 286,000-square-foot building at 850 Jarvis Drive in Morgan Hill for Heron Factory One, its first large-scale U.S. plant, capping a ten-month site search that spanned multiple states. The post Heron Power Leases 286,000 SQFT in Morgan Hill for First…
Dallas-Fort Worth's industrial market soars with record 40.3M SF leased in the first half, driven by data centers and logistics.
Tishman Speyer has signed Madewell to a long-term lease for 7,340 square feet at 1 Rockefeller Plaza. Slated to open in 2027, the new store marks Madewell’s first location at Rockefeller Center. Madewell offers premium denim, apparel, and accessories for women and men. Best known for its denim expertise, the brand…
City, county and state officials joined together to celebrate the topping off of QWest Towers, a new $158-million workforce housing development that is nearing completion in Mount Vernon, NY. Located at 1 and 25 North MacQuesten Pkwy., the project is being developed by QWest Towers LLC, a joint venture between…
Green Street reports on refinancing activity, Signature Bank loan sales approaching $1 billion, and Whitestone REIT's Austin portfolio disposition.
Roundup covering government shutdown impacts, GSE workforce reductions, and industrial real estate market pricing trends.
A roundup covering fiber-bond issuances, Miami office refinancing activity, and a residential rental purchase transaction.
A market roundup covering collateralized loan obligation trends, lender activity for the coming year, and a $1B real estate project in Florida.
Rafael Weiss is the co-founder of Sytes, a marketplace platform that connects commercial real estate landlords, developers, and brokers with tenants actively looking for space in real time. Rafael came to the problem as a developer who lost a deal because tenant demand was invisible until it was too late, and built…
Multifamily developers are building hundreds of units in the Lehigh Valley as the region contends with population growth and a housing shortage.
Skender has completed the 83,000-square-foot buildout of Harrison Street Asset Management’s (HSAM) headquarters at The Fulton, 919 W. Fulton Market in Chicago. The real estate and infrastructure investment management firm is relocating from its prior location at 444 W. Lake Street. HSAM’s new three-floor buildout…
Streamside RV Resorts & Campgrounds, one of the fastest-growing owner-operators in the outdoor hospitality sector, today announced the acquisition of Sandy Pines Campground in Kennebunkport, ME. The transaction marks the 40th property in Streamside’s rapidly expanding national portfolio. The acquisition of the…
Whitewater Commercial Real Estate, a San Diego-based commercial real estate brokerage specializing in multifamily, arranged the sale of 3013 C St., a value-add complex in Golden Hill. The property sold for $5,337,276. Cole Silverman, Connor Stolle and Carson Trujillo of Whitewater represented the seller, Stephanie…
Liberty Center, a 64-acre mixed-use property in Liberty Township, Ohio, announced more than $20 million in completed, ongoing and planned investments designed to support the mixed-use destination’s next phase of growth, including future hotel and residential development opportunities. Real estate developer…
Barry Sternlicht’s Starwood Asset Management has bought two more affordable housing properties in Miami-Dade County, following two acquisitions last week, bringing the total to $115.4 million and 570 units. The investment firm purchased the remaining piece of the Lafayette housing complex in Miami’s Little River…
Google is slowly but surely moving into its full-building lease in Downtown Austin’s Sail Tower. Before it eventually occupies the entire building, it’s improving 69,000 square feet of shell-condition office space, according to the Austin Business Journal. Work on the minor renovations is expected to cost $25…
Brickell homeowners’ fight against 13th Floor Investments’ planned branded condo tower behind a historic church has been resurrected. A court overturned the city of Miami’s previous decision to quash the landmark status for a portion of the First Miami Presbyterian Church lot where 13th Floor Investments wants to…
SparrowHawk-Almanac Realty joint venture secures loan for 4.4 million-square-foot portfolio across six markets
The federal government is scrapping its El Paso warehouses plan as DHS pivots its strategy for detention facility capacity.
Developers have come to rely on IDA subsidies to build housing, but critics have argued they go against what IDAs were created to support.
The plans involve a 1.1M SF HSBC office retrofit to create a new mixed-use scheme with hotel and retail space in Canary Wharf.
In broad strokes, Chicago’s office market has seen better days. At the upper end of office buildings, however, premier space is shrinking rapidly as high-profile companies are scrambling for Class A space. Sidley Austin is set to pay upwards of $115 per square foot for space in a planned Fulton Market office tower…
Houston-based industrial real estate investment and management firm SparrowHawk snagged a 20-property, 4.4 million-square-foot portfolio across six markets in the Midwest. The acquisition price was $400 million, and Stockholm-based global investment firm EQT was the seller, according to a statement from the…
Montgomery County's rent control law stifles new multifamily projects, necessitating creative financing solutions.
Donald Trump Jr.-backed 1789 Capital aims to invest billions in Sun Belt real estate with partner Easton Street.
Fabletics aims to double revenue in part by expanding its U.S. retail footprint within the next 12 months.
The Port of Seattle Commission has approved initial funding for a $2.5 billion renovation of Seattle-Tacoma International Airport’s S Concourse, with major construction scheduled to begin in 2027 and continue through 2034. Commissioners authorized $1.1 billion to fund the project through 2029. The commission will…
Newmark arranged a $58-million Fannie Mae loan for Everleigh San Clemente, a newly constructed 150-unit Class A active-adult (55+) apartment community in San Clemente. The Fannie Mae financing was arranged by vice chairman Lee Redmond, managing director Alec Newman and VP Nick Schroeder of Newmark on behalf of the…
Cambridge Health Alliance (CHA) has renewed its 73,500-square-foot lease at Combined Properties’ 195 Canal St. in Malden, MA. Under terms of the lease, CHA will continue to operate its Malden Family Medicine Center there for at least another five years. The Malden Family Medicine Center has operated at 195 Canal…
The Westphal Company has secured $56.1 million in permanent financing for a 354-unit apartment complex in eastern San Diego County. Northmarq arranged the fixed-rate financing through the firm’s Fannie Mae platform. The nonrecourse loan carries a 10-year term with interest-only payments for the full term. Property…
Five years after the Javits Center underwent a $1.5 billion expansion, the Hudson Yards convention venue is continuing to expand its bandwidth to boost its events business and the adjacent New York City hospitality industry. The 3.3 million-square-foot facility recently underwent a $5 million technology upgrade…
Average Manhattan apartment rents reached an all-time high of $6,655 in July, according to Corcoran Sunshine Marketing Group. Median rents held steady at June’s record-setting level of $5,295, up 6% from a year ago. “Meanwhile, the number of signed leases rose 3% annually, while inventory dropped a substantial 22%…
The River School, a private school based in Washington, D.C., has purchased Under Oak, a two-lot estate in Tenleytown, with plans to build a new campus on the 2.27-acre property. Located at 4220 Nebraska Ave. NW, a block south of American University’s Tenleytown campus, the property sold for $8.75 million, reported…
Waterway Family Funds secures financing through Busey Bank for 180,000-square-foot manufacturing and distribution property
The Trepp CMBS special servicing overall rate declined 11 basis points in July to 11.09%, partially reversing the increases of recent months. However, decreases in special servicing rates were not seen across the board in all property types. The improvement was led by office, the largest special servicing category,…
Cushman & Wakefield has arranged $37.37 million in floating-rate construction financing for Derby Place, a 94,587-square-foot retail development anchored by Whole Foods Market in Bel Air, Maryland. The property is already 92% committed with retailers and service providers. Located at 610 Baltimore Pike, Derby Place…
JLL has secured a $40.5 million refinancing for The Payton, a 162-unit multifamily property in Portland, Oregon. JLL represented the borrower, ColRich, in arranging the five-year, floating-rate loan through Prime Finance. The Payton, located at 2020 NE Multnomah St., is a seven-story mid-rise community built in…
MDH Partners (MDH) has acquired 70 Connect III, a 1,005,776-square-foot industrial building in Greenfield, Indiana, part of the Indianapolis metropolitan area. The building, developed by Lauth, was delivered on a speculative basis and sits along West 350 North in the East industrial submarket. JLL represented the…
Blackstone Real Estate Income Trust is slamming the door shut on the self-storage sector. BREIT sold its final 79 assets in the sector during the second quarter, Bisnow reported, citing the firm’s second-quarter earnings report. BREIT scored an $852 million deal from the sale, netting $177 million in gains from the…
Fortress Investment Group has refinanced the Design Center of the Americas in Dania Beach, Fla., following a nasty foreclosure fight with its previous owner, New York-based billionaire Charles Cohen. City National Bank of Florida supplied a $45 million loan backing the 780,000-square-foot office and design showroom…
JLL is in talks to move its headquarters to 100 N. Riverside Plaza. It's evaluating lease options.
KS Group has secured $60.5 million to refinance a 51-acre industrial site in Newark, N.J., that will be repositioned as an industrial outdoor storage property, Commercial Observer can first report. Keystone Equities provided the debt, structured as a senior bridge loan, marking $660 million in capital the firm has…
🏆 New Building: The largest permit issued was an $85.6 million new construction permit for Mohawk at Wynwood, a 300-unit apartment project at 50 Northeast 29th Street in Miami. The permit covers 488,880 square feet for Miami-based Rilea Group’s development. In January, the developer secured a $149.2 million…
Ross Perot Jr.’s Hillwood closed on 618 acres of land for a planned 2,000-home community near Pilot Point north of Fort Worth. The new community, dubbed Lantern, is expected to eventually be annexed into Pilot Point city limits, according to the Dallas Business Journal. Hillwood purchased the land from the…
Invesco Real Estate's loan originations jump 112% in H1 2026, reflecting strong transaction volume of $3.2B globally.
Vantage Communities has obtained a $103 million refinancing for a three-property, 864-unit multifamily portfolio located in the Austin and San Antonio metro areas. Benefit Street Partners provided the financing in a deal arranged by Greystone Capital Advisors. The properties in Austin include Vantage at McKinney…
Constellation Real Estate Partners wants to build two warehouses — a 464,400-square-foot cross-dock and a 205,200-square-foot front-load facility in Seabrook, near the Port of Houston. The project will be on 60 acres on Red Bluff Road just east of State Highway 146. The project still needs city council approval.…
Jackson-Shaw broke ground on Horizon 35, a master-planned business park at the northeast corner of Interstate 35 and Loop 288 in Denton, Texas. Phase I will deliver 543,550 square feet across three rear-load buildings and is now pre-leasing for delivery in the third quarter of 2027. At full buildout, the…
Zimmet Law Group is relocating its practice inside Manhattan’s Plaza District. Zimmet signed a 5,476-square-foot lease for a newly completed space inside GFP Real Estate’s 515 Madison Avenue, also known as the DuMont Building. Located at the corner of East 53rd Street, the 42-story office tower is just one block…
An iconic luxury hotel in Key West, Fla., is changing hands. Sixth Street Partners and Riller Capital have acquired Pier House, a longstanding 142-room oceanfront resort in downtown Key West, from Braemar Hotels & Resorts in a $190 million deal, according to a release from Sixth Street. Starwood Property Trust…
Porter Kyle, a Scottsdale-based Build-to-Rent (BTR) developer and general contractor, opened the doors to The Wayne, a 100-unit BTR townhome community in Chandler, Ariz. Residents are moving in, and the clubhouse and first four buildings at the community have been transitioned to Mark-Taylor for ongoing lease-up…
The City of Mesa authorized the town’s city manager to negotiate a deal with a developer to construct a 5-story AC Hotel by Marriott on the northeast corner of Main Street and Centennial Way. The 85,000-square-foot hotel would consist of 150 rooms, an outdoor pool and a lounge open to guests and the public. The ...…
A vacant 19-story office tower in downtown Phoenix is getting a second life as a 340-room J.W. Marriott, marking a $200 million bet on the city’s still-evolving hospitality market. Las Vegas-based LaPour Partners is converting the tower at 400 East Van Buren Street in the Arizona Center, adding restaurants, a pool,…
JLL is looking to bail on 601W’s Aon Center and potentially move to 100 North Riverside Plaza. The real estate services firm is in preliminary stages of negotiations to exit the Aon Center, and is considering other options around the city, according to a report from CoStar. The scope of the deal is still currently…
Heights Advisors, a Brooklyn-based development and investment firm led by founder and president Rachel Foster, is planning to bring 606 affordable housing units to the Bronx’s Soundview neighborhood. The firm filed a land use application Wednesday with the New York City Department of City Planning requesting a…
WILMER, TEXAS — Logistics Plus has signed a 744,452-square-foot industrial lease in the southern Dallas suburb of Wilmer. The Pennsylvania-based provider of freight and fulfillment services will occupy the entirety of Building 2 within Southport Logistics Center, an approximately 1.5 million-square-foot…
Longfellow Real Estate Partners handed its newly completed 210 Adrian tower in Millbrae back to its lender through a deed in lieu of foreclosure, and CBRE is now marketing the 309,461-square-foot building at roughly $120 million to a new class of power-hungry tenants after the life science bet that financed it…
Google’s landlord next door to its own headquarters just swapped lenders on identical terms, locking in continuity on one of North Bayshore’s most closely watched office assets even as the surrounding submarket carries some of Silicon Valley’s highest vacancy. Broadreach Capital Partners has secured a $150 million…
Famed denim and clothing brand Madewell is opening a new store at Tishman Speyer’s 1 Rockefeller Plaza, the landlord announced Thursday. The retailer signed a 7,340-square-foot lease at the Midtown landmark, where its new space will open in 2027. The asking rent and the length of the lease were not disclosed, but…
HOUSTON — Local owner-operator Clay Development & Construction has broken ground on Kennedy Greens Distribution Center V, a 63,440-square-foot speculative industrial project in North Houston. The project marks the final phase of development for the 145-acre Kennedy Greens South Business Park. Building features will…