What happened, and who moved.
The head of the General Services Administration signaled that the U.S. government could take an active role in the reimagining of the 250 acres between the National Mall and D.C.’s southwest waterfront. The government has been moving quickly to sell...
Morgan Stanley is leveraging hybrid bonds, private-credit vehicles, and chip-backed loans to position itself as a leading financier of data-center investments driven by AI infrastructure demand.
Public Storage announced pricing of a $900 million senior notes offering at 4.855% effective interest rate to finance its acquisition of National Storage Affiliates Trust.
Berkadia arranged the sale and acquisition financing of two value-add, neighboring Castro Valley multifamily communities with a total of 135 units. They included the Cedars, an 83-unit property that sold for $21.45 million, and Creekside Terrace, a 52-unit property that sold for $14.1 million. Senior managing…
United Talent Agency (UTA) and Empire State Realty Trust, Inc. announced that the agency will move its New York offices to the Empire State Building next summer. The new office will feature 100,948 square feet across four floors and will house the agency’s filmed entertainment, creators, news, publishing, theatre,…
Two tenants have signed on for 6,960 square feet each at Midtown East’s 757 Third Avenue, Commercial Observer has learned. Yuco Management, a New York City-based real estate development and management firm, inked a deal to take over the entire 27th floor of the 26-story Class A office building owned by New York…
Starwood Capital Group is advancing plans for a pair of data centers in Fairfax County, Va., near the Alexandria border. The investment firm filed plans last week for the first building at its Plaza 500 development, according to the Business Journals, which cited Fairfax County records. Plaza 500 South, the…
ISAIA, a luxury menswear brand out of Naples, Italy, has signed a 13,000-square-foot lease renewal on the 10th floor of the Feil Organization’s 257 Park Avenue South, the property owner announced Tuesday. Feil said the brand has “recommitted” to its corporate showroom space at the property, also known as the…
Los Angeles Mayor Karen Bass said Tuesday that graffiti removal and blight abatement will now begin following a confirmation hearing earlier Tuesday for the sale of Oceanwide Plaza. The hearing followed Monday’s announcement by the U.S. Bankruptcy Court for the Central District of California that it would approve…
Marcus & Millichap completed the sale of a 113-room Fairfield Inn & Suites property in Omaha, Nebraska. Adam Lewis is Marcus & Millichap’s Nebraska broker of record. The firm had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investor groups. Fairfield Inn…
Brennan Investment Group has acquired a three-building, 439,600-square-foot industrial portfolio in Nampa, Idaho. The acquisition marks Brennan’s entry into the Boise industrial market through a fully leased, institutional-quality asset. Completed in 2023, the three tilt-up industrial buildings are strategically…
Calare Properties has acquired One Westinghouse Plaza Building K, a 42,000-square-foot industrial warehouse/flex condominium in Boston’s Hyde Park section. Terms were not disclosed. The urban property sits within a 22-acre, 10-building industrial and mixed-use site with a manufacturing history dating back to the…
The Mogharebi Group (TMG) represented JBT Property Management in the sale of Maroa Park Apartments, a 248-unit multifamily community located at 475-585 W. Sierra Ave. in Fresno, to a private buyer for $44 million. TMG’s team of EVP Otto Ozen, SVP Brian Nakamura and Svp Nazli Santana represented the seller. “As a…
Inland National Development Company (INDC) plans to co-develop Citywalk Apartments, a 342-unit, market-rate multifamily community in downtown Rochester, Minnesota, directly across from Mayo Clinic’s downtown campus. “We are excited to bring Citywalk Apartments to the heart of downtown Rochester,” said Anthony…
Monday Properties announced that the Arlington County Board granted approval of a major site plan amendment for 1401 Wilson Boulevard and 1400 Key Boulevard. With the approval, a transformative mixed-use development at the 2.1-acre site encompassing both 1401 Wilson Boulevard and 1400 Key Boulevard in Rosslyn can…
Pearlmark announced that it closed on a $24.2 million debt investment for the acquisition of 1201 W Lake Street, a seven-story, 141,771 square foot office building located in Chicago, Illinois. The investment was originated and structured on behalf of Pearlmark Realty Senior Mortgage Partners I, L.P. The property…
One World Trade Center is almost 100 percent leased thanks to the latest deal with an artificial intelligence company, Commercial Observer has learned. Mercor, which employs human experts to train AI algorithms, has inked a five-year, 25,550-square-foot deal on the 77th floor of the Lower Manhattan office tower,…
Los Angeles’ Oceanwide Plaza, a massive downtown development stuck in limbo so long it became tagged and transformed into the infamous Graffiti Towers, has been cleared for sale. The long process of selecting a new developer after the original Chinese developer went bankrupt may finally be coming to a close. KPC…
BlackRock flexed its muscle as one of the artificial intelligence data center boom’s most powerful players this week. The investment giant executed roughly $57B in data center transactions by financing Meta’s massive Texas campus and closing its...
In addition to professional hockey, the Dallas Stars’ planned $3B sports and entertainment district in Plano will bring an injection of new trophy office space to a city that hasn’t had any Class-A deliveries since 2024. Dallas-Fort Worth leads...
Dallas-based data center provider Csquare completed a $1.05 billion initial public offering, selling 50 million shares at $21 each amid strong investor demand for AI infrastructure assets.
Lee & Associates of Illinois has negotiated the purchase of a 455,858-square-foot industrial building located at 16801 Exchange Avenue in Lansing, Illinois. Walter Murphy, Principal at Lee & Associates of Illinois, represented the buyer, RBT Industries (The Great Escape), a retailer of the leading home leisure…
CBRE has arranged the sale of Shops at Crossroads, a 133,717-square-foot grocery-anchored shopping center located at 3560 Route 611 in Bartonsville, Pennsylvania. Chris Munley, Colin Behr, Ryan Sciullo, and Casey Smith of CBRE’s National Retail Partners team represented the buyer and the seller in the transaction.…
Nack Development is moving forward with a 55,000-square-foot mixed-use project in Celina, with the help of a $3 million incentive package. Trackside Junction will include retail, restaurant, office, event and residential space. Community Impact reports that the plans for the two buildings include a four-story,…
A $71 million affordable housing complex is coming to the northeast corner of North Main Street and 29th Street near the Fort Worth Stockyards. Fort Worth Housing Solutions and Oldham Goodwin Development plan to build The Exchange Apartments on a 14-acre site at the Stockyards North mixed-use development. The Fort…
A joint venture between the Ardent Companies and StepStone Real Estate has secured a $140 million loan to refinance a portfolio of eight, Class A self-storage properties in seven northeastern U.S. states, according to a release. ACORE Capital provided the debt, structured as a floating-rate loan, while a JLL…
GO Residential REIT has been on a bit of a buying spree this year, and it just completed its previously announced acquisition of an approximately 81 percent managing interest in a multifamily building in Crown Heights, Brooklyn. The real estate investment trust, using the LLC GO 409, acquired control of the…
A new nontraded multifamily REIT was born this week as part of a $617M recapitalization of more than 60 properties, including an under-construction apartment tower in Manhattan.
Cracker Barrel Old Country Store Inc. sold an underperforming asset and entered into a sale-leaseback deal to bolster its finances and increase future profitability.
A major conglomerate is offloading one of the nation’s most recognizable auto service chains, but not some of the real estate it occupies.
SAN ANTONIO — Dallas-based Rosewood Property Co. has begun leasing a 359-unit multifamily project in the Alamo Heights area of San Antonio that represents Phase III of a larger development known as Tobin Estates. In addition to the 265 apartments that will be housed in four-story wraparound buildings, Phase III…
NEW CANEY, TEXAS — Partners Real Estate has brokered the sale-leaseback of a 55,700-square-foot industrial building in New Caney, a northeastern suburb of Houston. According to LoopNet Inc., the building at 18913 Phillip Way was constructed in 2020 and features 30-foot clear heights. Griff Brandy, Ryan Osborn,…
HOUSTON — Holt Lunsford Commercial Investments (HLCI) has completed Par 1960, a two-building, 254,186-square-foot industrial project in northwest Houston. Building 1 spans 204,375 square feet and features 32-foot clear heights and a front-load configuration. Building 2 totals 49,811 square feet and features 28-foot…
HOUSTON — Cooler Master Corp. has signed a 97,285-square-foot industrial lease in West Houston. The deal is for the entirety of Building 2 within Grand West Crossing, a development that is ultimately planned to feature six buildings, two of which are now complete and two of which are under construction. Richard…
PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinance of Everly at Morrison Ranch, located at 4353 E. Elliot Road in Gilbert. Built in 2025, the 236-unit Class A garden-style multifamily community is 97% leased and is within Morrison…
JLL’s M&A and Corporate Advisory, Corporate Banking Advisory and Debt & Equity Advisory teams collectively secured $617 million in financing for Link Apartments REIT and Link Apartments Opportunity Zone REIT. Both are Grubb Properties-managed REITs, along with Link Apartments 8 Carlisle, a 64-story, Class A…
KKR and AEW Capital Management seek to sell commercial property holdings in China as global investors continue to retreat from the country’s prolonged real estate downturn, Bloomberg News reported. KKR is marketing nine properties across China, including a high-end apartment complex in suburban Beijing and a hotel…
Blueprint Investment Properties purchased the 100%-leased Broadmoor Plaza in Mesquite. About the same time, Newport Capital Partners purchased the Towne Crossing development.(shown). The Dallas Business Journal reports that David Disney of Disney Investment Group, who helped facilitate both deals, said both deals…
The NRP Group announced the financial closing and groundbreaking of Catalina, a 336-unit affordable housing community in Travis County near Austin, Texas. Developed in partnership with the Housing Authority of Travis County (HATC), the community will provide affordable housing for families and working professionals…
Crescent Communities closed on a parcel of land for NOVEL Norterra, a new four-story multifamily community planned in northern Phoenix, Arizona. Situated on an 8.5-acre site just east of I-17 in the Norterra neighborhood, the development will include 248 for-rent residences near the TSMC Arizona semiconductor…
The myriad headwinds facing New York City hotel investors just got even stiffer. The Big Apple’s hospitality industry confronted rising operating and borrowing costs from persistent inflation in recent years that was further compounded by a big drop in international tourism since President Donald Trump assumed…
GFP Real Estate has signed three new deals at its Midtown office tower at 515 Madison Avenue, totaling nearly 9,000 square feet of space, the landlord announced Tuesday. In the largest deal, investment management firm T7 Capital signed a five-year, 3,956-square-foot lease on the building’s 29th floor. It’s unclear…
For a few days last week, two buckling steel columns at the Pfizer Building became the biggest real estate story in America. If you only read the headlines, you might conclude that office-to-residential conversions are suddenly in trouble. The opposite is closer to the truth. Quietly, New York has become the…
The Swig Company has refinanced its historic Mills Building in San Francisco’s Financial District with a $96 million loan from Invesco Real Estate, a vote of confidence in a downtown office market that is finally clawing back demand after years of contraction. The San Francisco-based operator completed the…
A metal-finishing operator has planted a direct-lease flag in one of the few East Bay industrial submarkets still posting positive momentum this year. Electro Coatings, an industrial metal-finishing and coatings firm, has committed to 17,500 square feet at 661 Garcia Ave in Pittsburg, California, in a direct lease…
Travelers Insurance has committed to 46,219 square feet at 1390 Willow Pass Road in Concord, the single largest office lease signed anywhere in the North I-680 Corridor during the second quarter. The direct lease, struck at a moment when the East Bay’s suburban office market is showing its first real signs of life…
Mountain View captured the largest affordable housing grant in its history, a $50 million state award that will bankroll a 268-unit complex on a former safe-parking lot while financing new Caltrain cars and a protected bike corridor along Middlefield Road. The California Department of Housing and Community…
Wells Fargo has committed to 15,608 square feet at 2033 N Main St in Downtown Walnut Creek, folding operations into a single office footprint as the corridor logs its first occupancy gains in more than two years. The banking giant’s consolidation lands in the North I-680 Corridor’s marquee submarket at a moment…
The Napa and Solano Counties office market clawed back occupancy in the second quarter of 2026, but landlords paid for the gains by cutting asking rents to their lowest level in years. Office vacancy across the two-county market fell to 12.7 percent in the second quarter, down 150 basis points from the prior…
NEW YORK CITY — Nashville-based brokerage firm Matthews has negotiated the $15.2 million sale of a 19,873-square-foot mixed-use building in Lower Manhattan. The five-story building at 158 Lafayette St., which was originally constructed in 1915 and renovated in 2017, was vacant at the time of sale and is zoned to…
SAN DIEGO COUNTY, CALIF. — Marcus & Millichap has brokered the sale of a seven-building memory care campus in San Diego County. Developed in 2002, the property contains more than 55 units licensed for over 85 residents. The community was operating with negative net operating income (NOI) at the time of sale. Nick…
NAMPA, IDAHO — Chicago-based Brennan Investment Group has acquired a three-building, 439,600-square-foot industrial portfolio in Nampa, located just west of Boise. Details of the transaction were not released. This purchase marks Brennan’s entry into the Boise industrial market. Completed in 2023, the tilt-up…
NEW YORK CITY — HDR has signed a 74,500-square-foot office lease at 7 Penn Plaza in Midtown Manhattan. The architecture and engineering firm will occupy the 15th, 16th and 17th floors of the 18-story, 357,000-square-foot building, which is located at 370 Seventh Ave. Andrew Wiener and Kyle Young represented the…
RALEIGH, N.C. — Blue Heron Asset Management has broken ground on Rosewood, a 269-unit apartment development located at 611 W. South St. in Raleigh. The locally based developer acquired the site earlier this year for nearly $12.9 million. The design-build team includes architect Cline, which is also providing…
MADISON, WIS. — Lincoln Avenue Communities has selected McShane Construction Co. to build Timberline Terrace, a 93-unit affordable housing community in Madison. The podium-style building will feature five wood-framed stories atop a below-grade precast garage. Timberline Terrace will offer one-, two- and…
CASTRO VALLEY, CALIF. — Berkadia has arranged the $35.5 million sale of The Cedars and Creekside Terrace, two neighboring, value-add multifamily properties located in the Northern California city of Castro Valley. Felson Cos., the original developer, sold the assets to San Francisco-based Prime Residential for…
GAINESVILLE, FLA. — JLL Capital Markets has secured a $24 million refinancing for The Row, a 182-bed student housing property located at 407 S.W. 13th St. near the University of Florida campus in Gainesville. Melissa Rose, Mike Brady and Christian Johnston of JLL represented the borrower, The Ardent Cos., in…
WAUSAU, WIS. — Marcus & Millichap has brokered the $15 million sale of The Apartments at Riverlife, a 75-unit multifamily property in central Wisconsin’s Wausau. Dan Bowar of Marcus & Millichap represented the seller, Riverlife Wausau LLC, and procured the buyer, a Wisconsin-based investor. Built in 2020, the…
SALISBURY, N.C. — Cushman & Wakefield has arranged a 472,890-square-foot industrial lease for American Eagle Outfitters Inc. in the metropolitan Charlotte area. The retailer will occupy a distribution center within Innovation Logistics Center in Salisbury on a long-term lease. Patrick Decker, Ben Brenner and Mark…
GASTON, S.C. — Red Rock Developments plans to develop a new 519,792-square-foot industrial facility at Sandy Run Industrial Park, a 760-acre campus in Gaston, a Columbia suburb. Situated on a 54-acre site in Calhoun County along I-26, the cross-dock facility will be built on a speculative basis and include 40-foot…