News & Deals · Global Real Estate Intelligence

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REBusiness OnlineNews

JLL Negotiates $25.1M Sale of Two Multifamily Development Sites in Brooklyn

NEW YORK CITY — JLL has negotiated the sale of two multifamily development sites in the Crown Heights area of Brooklyn for a combined price of $25.1 million. The sites at 1029 Dean St. and 1104 Pacific St., which traded in separate off-market deals, have a combined buildable square footage of about 129,000 square…

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Capital MarketsDebt & FinancingAlternativesU.S. National

Blackstone Leads $5.34B Investment in Williams Power Innovation Projects

Energy infrastructure company Williams said Monday it has signed an agreement led by funds managed by Blackstone Credit & Insurance, in partnership with Apollo and insurance vehicles and accounts managed by KKR, for $5.34 billion of committed capital to support the development of its five announced behind-the-meter…

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Capital MarketsMultifamilyRetailU.S. NationalFort Lauderdale

Fort Lauderdale Developer Inks Financing for Condos, Apartments, Retail

Dependable Equities, an affiliate of Sky Equity Group, secured $54 million in pre-construction financing from CDK, with Valley National Bank serving as a participating lender to advance a residential development south of the New River, near downtown Fort Lauderdale. The financing, arranged by Daryl Hagler and Allen…

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Capital MarketsMultifamilyRetailU.S. NationalAtlanta

Financing Secured for Centennial Yards Mixed-Use Project

Centennial Yards Co. plans to build a 12-story building with approximately 280 apartments, 62,000 square feet of retail space and a 509-space parking garage. A CIM Group subsidiary is still ironing out last minute details before construction starts. A groundbreaking is tentatively scheduled for early 2027.…

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Capital MarketsIndustrial & LogisticsU.S. NationalWashington, DC

Newmark Arranges $132M Sale of Northern Virginia Industrial Portfolio

Newmark has arranged the $132 million sale of the Featherstone Industrial Portfolio, a 13-building, 734,606-square-foot industrial portfolio in Woodbridge, Virginia, approximately 23 miles south of Washington, D.C. Senior Managing Director Ben McCarty, Executive Managing Directors Cris Abramson and Will Bradley,…

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Capital MarketsDebt & FinancingSingle-Family RentalU.S. NationalTexas

Sundance Bay Snags $95.7M Financing on Two Texas Rental Communities

Sundance Bay obtained financing totalling $95.7 million for a 626-unit two-property Texas portfolio. Cushman & Wakefield’s Texas Equity, Debt & Structured Finance (EDSF) arranged the financing, which consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan…

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Capital MarketsMultifamilyDebt & FinancingU.S. NationalNashville

UDR Offloads Nashville Apartments After 31 Year Hold

Covenant Capital Group paid $41.5 million for Legacy Hill, a 206-unit multifamily community in Nashville. Multihousing News reports UDR sold the property after 31 years of ownership. Walker & Dunlop facilitated the transaction through a $29.4 million Freddie Mac loan. Legacy Hill occupies approximately 14 acres at…

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Capital MarketsSingle-Family RentalU.S. NationalPhoenix

Cavan Spins Off Phoenix BTR Community for $112.5M

Cavan Cos. has sold The Bungalows on Camelback, a 334-unit, build-to-rent asset in Phoenix, for $112.5 million. That comes out to about $337,000 a unit. A private individual acquired the property. This deal marked the biggest single-asset BTR sale in the metro’s history. Located on more than 29 acres at 4747 N.…

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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

Posted 2 days ago·Published Jul 13, 2026Read

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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

Posted 2 days ago·Published Jul 10, 2026Read

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Capital MarketsMultifamilyU.S. NationalNew York

Commercial ObserverNews

In Likely a Culver City Record, Black Equities Buys Multifamily Asset for $106M

Black Equities, an investment firm, purchased Access Culver City, a 115-unit multifamily property with 31,000 square feet of ground-floor retail, for $106 million, with the deal priced at $704,000 per residential unit and $805 per square foot for retail. The acquisition is described as likely a record for Culver City and reflects the city's emergence as one of Southern California's hottest multifamily investment markets, driven by media and technology employers and pro-development housing policies.

Posted 2 days ago·Published Jul 10, 2026Read

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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

Posted 2 days ago·Published Jul 10, 2026Read

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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

Posted 2 days ago·Published Jul 10, 2026Read

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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

Posted 2 days ago·Published Jul 10, 2026Read

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