What happened, and who moved.
BUFFALO, N.Y. — Pennrose has broken ground on North Aud Block, a $225 million mixed-use project in Buffalo’s historic Canalside district. Plans call for 251 affordable and market-rate apartments, 18,000 square feet of commercial space, 20,000 square feet of open community space and 137 parking spaces. Developed in…
NEW YORK CITY — Cushman & Wakefield has arranged a $26.3 million loan for the refinancing of The Bridgeline, a 91-unit apartment building in The Bronx. The 12-story building was completed in 2018 and offers amenities such as a fitness center, a resident lounge and a rooftop terrace. Brad Domenico, Frank Stanislaski…
AUBURN, WASH. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located approximately 20 miles south of Seattle in Auburn. Built in 2002, Lakeland Town Center is situated on 12.6 acres within the Lakeland Hills master-planned community. The…
PATASKALA, OHIO — Associated Bank has provided a nearly $7 million loan to Transport Properties and GFH Partners to finance a 75,250-square-foot industrial building in Pataskala, about 20 miles west of Columbus. The property, completed in 2022 and leased to Thayer Power & Communication, is situated on 20 acres that…
Adler Real Estate Partners acquired four industrial assets in Arrowridge Business Park for $41.4 million. BankUnited provided a $25.6 million loan for the acquisition. Adler acquired 8041, 8107, 8227 and 8301 Arrowridge Blvd. in the transaction. All four buildings are about 48,600 square feet with 16-foot clear…
Stonemont Financial Group is looking to build a 568,720-square-foot industrial facility in Winder. The Atlanta Business Chronicle reports the estimated value at build-out would be about $70 million. Winder is between Atlanta and Athens. Stonemount does not own the land. The Winder-Barrow Industrial Building…
A joint venture consisting of Global Holdings, MAG Partners and Safanad has sealed $141.4 million of bridge debt to refinance a newly built luxury apartment tower in Midtown Manhattan’s Turtle Bay neighborhood, Commercial Observer has learned M&T Realty Capital Corporation provided the loan on the sponsorship’s…
Not many proptech companies have been able to scale their technology to take advantage of the data center construction boom, but one that has cracked the code in servicing the sector’s gargantuan growth is OpenSpace. The San Francisco-based visual intelligence platform has worked on more than 1,000 data center…
When he isn’t home tending to his alpacas — yes, he has alpacas — Craig Deitelzweig, the chief executive officer of owner Marx Realty, is working out ways to beautify the company’s office portfolio, intent on making where people go to work a destination, not a chore. Deitelzweig, a former lawyer who graduated from…
The life science industry has climbed out of one of the most complicated stretches in its history, and while the underlying business is healthier than it has been in years, the region’s glut of high-quality but unbuilt lab space remains stubbornly locked up. The life science sector has weathered “one of its most…
MSCI reports that commercial property prices increased in June, marking the first gain after 18 months of consecutive declines.
MSCI's RCA Commercial Property Price Index fell 11.2% year-over-year in May, reflecting continued annual declines across all major commercial real estate sectors.
Real Capital Analytics reported that U.S. commercial property prices declined in October while remaining above year-ago levels.
Real Capital Analytics reports U.S. commercial real estate property prices grew at double-digit rates in June amid sustained demand.
World Bank Exits DC Ground Lease With $165M Deal Steven Sharp Thu, 09/25/2025 - 11:07 The World Bank Group, parent of the World Bank and its affiliates, has paid about $165 million to extricate itself from the ground lease at one of its multiple buildings in downtown Washington, D.C., according to the Washington…
Brookfield Sells DC Office Building Steven Sharp Thu, 04/03/2025 - 08:45 Rockwood Capital has acquired a 1909-vintage, 316,000-square-foot Class A office building in Washington, D.C., from Brookfield Properties for $153 million, according to CommercialEdge information. In pursuit of this acquisition, Rockwood…
Amtrak to take control of Union Station with $505M payment Doug Clark Thu, 02/13/2025 - 04:00 A $505 million buyout to gain leasehold interest in Union Station is the latest update in a long-standing battle between Amtrak and the real estate firm Rexmark. Gaining control of the major D.C. train station allows the…
Interstate Equities and PGIM acquire four properties in the Bay Area and Seattle Steven Sharp Sat, 01/24/2026 - 09:05 Mesa West Capital has announced a $201-million acquisition loan to Interstate Equities Corporation and PGIM for the purchase of four properties totaling 547 homes in Seattle, as well as the San…
Alamar Senior Living offers 105 assisted living and 29 memory care units that are 96% occupied.
Wall Street banks including BlackRock and Morgan Stanley are emerging as key winners of the AI boom, arranging tens of billions of dollars in data center financing and reshaping capital markets.
An emerging technology drawing billions of dollars of investment from the likes of Amazon, Google and Microsoft is spurring a new real estate sector — and it isn’t AI. Quantum computing, once seen as a moon shot, is now hurtling toward commercial...
The sale of the $1.2B Oceanwide Plaza may finally be able to proceed after a bankruptcy judge told attorneys she intended to approve the plan to sell it off. In a critical turn, attorneys for the city of Los Angeles on Monday withdrew their objections...
The number of roles tied to artificial intelligence is picking up in the Chicago market, with companies’ bets on new hires potentially bolstering the city’s office market in the coming years. Hiring momentum for AI-related roles has picked up in...
DivcoWest has lured a pharmaceutical company from the suburbs to its One Lincoln office tower downtown.
John Malone-backed MHL Hotel Collection has agreed its biggest acquisition in a decade, purchasing two Dublin Airport hotels from Tifco Hotel Group in a deal worth around €95M. The transaction, which was marketed by CBRE Hotels and JLL, involves the...
Industrial developer Merritt Properties is eyeing an undersupplied segment of the market with strong demand, and it just secured a major investment to fund more projects.
San Diego’s multifamily and affordable housing markets are heading into a “transition” phase, according to Chase Rongé, principal and director at MVE + Partners, a California architecture firm. But what does that look like across the city? Multifamily...
Berkadia has arranged the sale and financing of Masons Keepe, a 270-unit garden-style multifamily community located in Manassas, Virginia. Senior Managing Director Brian Crivella, Managing Directors Bill Gribbin and Yalda Ghamarian, and Associate Director Jack Canepa of Berkadia DC Metro, along with Senior Managing…
UTEX Storage Partners closed on a $42.5 million construction loan to finance a two-property self-storage portfolio in the Miami metropolitan area. Affinius Capital and Axonic Capital originated the loan. The financing was arranged by Daniel Hartnett of Greysteel. The first property, located in Pembroke Pines, FL,…
MDH paid $67.7 million for the Lakeland Commer Center Buildings 100-300 in Lakeland, Florida. The three-building portfolio totals 557,000 square feet of space. Stonemount was the seller. A JLL Capital Markets team representing Stonemount was led by Cody Brais, John Huguenard, Luis Castillo, Taylor Osborne, David…
Blue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called Rosewood, will be at 611 West South Street. Blue Heron completed the $12.85 million land acquisition earlier this year. Spanning 399,000 square feet across two buildings and a…
ESR Group completed its privatisation and announced leadership changes across its business units.
AshbyCapital has acquired the 55 Old Broad Street office building from Landsec in a £282 million transaction in London's City.
CIM Group completed the acquisition of Domain WeHo, a 166-unit apartment community in West Hollywood, in partnership with Hulic Co., Ltd. Although terms were not disclosed, LA Business First reported that the previous owner, RREEF Property Trust, paid more than $103 million in 2019. Domain is a seven-story building…
JLL represented global private markets investment firm HarbourVest Partners in securing its first New York City office at Soloviev Group’s 9 W. 57th St. The 10-year lease is for 19,752 square feet on a portion of the building’s 49th floor. Headquartered in Boston, HarbourVest is among the world’s leading private…
A talent agency known for its star-studded client list is moving into New York City’s most iconic building.
Indian real estate market received $1.7 billion in institutional capital investment.
Mexico's stock exchange (BMV) facilitated over 355 billion pesos in financing during the first half of 2026, with debt markets leading growth.
Brazilian investors are allocating a larger share of their overseas real estate capital to Portugal (18.7%) than to the United States (15.7%), according to Idealista reporting.
Global flexible workspace provider Mindspace has signed a new 54,000-square-foot lease at Two Transamerica Plaza, located at 505 Sansome St., San Francisco, within the Transamerica complex, marking the company’s second location in San Francisco and its largest in the U.S. The new lease nearly triples Mindspace’s…
Colliers’ Dan Arends, Dougal Jeppe, Corby Marx, Joe Stevens and John Arends recently represented Swanson, Martin & Bell, LLP in a 56,760-square-foot long-term, headquarters lease restructure and renewal at 330 N. Wabash Ave. in Chicago. The 52-story riverside office tower is the last building in the U.S. designed…
Schnitzer West is under exclusive agreement to purchase The Bravern Office Commons and Garage, a two-tower, 749,694-square-foot office property that the company originally developed in downtown Bellevue. The Bravern Office Commons and Garage were developed and delivered by Schnitzer West in 2009. The property…
Colliers has facilitated the successful sale of 4501 Boston Way and 4701 Forbes Boulevard, two highly specialized manufacturing and engineering facilities totaling approximately 76,000 square feet in Lanham, Maryland. The acquisition reunites Genesis Engineering Solutions’ headquarters and manufacturing facilities…
NAI Hiffman and GREA announced the closing of the Downtown Hinsdale Portfolio, a four-parcel, multi-tenant commercial property located at 10 W. Chicago Avenue in downtown Hinsdale, Illinois. NAI Hiffman Senior Vice President Arthur Burrows, along with GREA Senior Managing Directors William Montana and Christopher…
Kiser Group Directors Jacob Price and Katie LeGrand facilitated the sale of a 78-unit apartment building located at 6748-50 North Ashland Avenue in Chicago’s Rogers Park neighborhood for $11.5 million. The property was acquired by a local owner-operator with an existing portfolio in the neighborhood. Originally…
Resource Realty of Northern New Jersey (RRNNJ) negotiated a 173,475-square-foot, long-term industrial lease at the newly constructed Spring Brook Commerce Center, located at 128 Iron Mountain Rd. in Mine Hill, NJ, on behalf of closeout retailer Amazing Savings. The transaction was led by the RRNNJ executive…
Law firm Hodgson Russ spearheaded a rush of new leases at Fisher Brothers’ 605 Third Avenue. The firm renewed its 19,900-square-foot lease on the 23rd floor of the tower, located between East 39th and East 40th streets, in June, according to the landlord. Newmark’s Brian Cohen and Kyle Ciminelli negotiated the…
A joint venture consisting of PGIM, Tribeca Investment Group and Meadow Partners has landed a $228.9 million loan to refinance a newly-renovated 19-story office tower in Manhattan’s Midtown South neighborhood. Rialto Capital Management, as part of a joint venture partnership with Hines, supplied the floating-rate,…
If these walls could talk, they’d talk about all the new leasing in Midtown. Infinium Wall Systems, a company that designs, engineers and installs wall systems and doors for offices, has inked a new office and retail lease spanning 30,017 square feet at Empire State Realty Trust (ESRT)’s 1359 Broadway, the landlord…
A joint venture went shopping near SoHo and didn’t come away empty-handed. Infinity Real Estate and KB Realty Partners just acquired the retail condominium at 75 Kenmare Street in Manhattan’s Nolita neighborhood—just outside of SoHo — for $11.75 million, Commercial Observer can first report. The transaction, which…
Somerset Development has secured $211 million in construction financing to build LIDO Asbury Park, an eight-story, 112-unit luxury condominium on the oceanfront of Asbury Park, N.J., according to a release. Madison Realty Capital and Cottonwood Group provided the construction debt. No broker was listed on the…
City approval clears a low-friction path to new AI infrastructure — no rezoning, no new footprint, just a rewiring of space Nvidia already occupies San Jose has cleared the way for a Silicon Valley research building already leased by Nvidia to become a full-fledged data center, the latest sign that the AI boom is…
JLL announced the $50.3 million monetization of a fully leased, 157,296-square-foot multi-specialty medical outpatient building located at 1200 Hilyard St. in Eugene, positioned two blocks from the University of Oregon. JLL represented the seller, PeaceHealth, as part of the disposition of its larger University…
Concord Summit Capital arranged $28 million in mid-construction financing for The Albritton, a 163,176-square-foot mixed-use project midway between Houston and Galveston, Texas. The debt was structured on a non-recourse basis at a 70% loan-to-cost ratio. Tannos Development Group is the developer. The Albritton,…
DivcoWest said Monday that Collegium Pharmaceutical has signed a headquarters lease for 40,288 square feet on floors 11 and 12 at One Lincoln in Boston’s Financial District, relocating from suburban Stoughton, MA. Slated for the first quarter of 2027, Collegium’s arrival adds a life science presence to a tenant…
Walker & Dunlop, Inc. arranged $228.9 million in financing to refinance 295 Fifth Ave., a newly redeveloped, 19-story Class A office tower in Manhattan’s Midtown South submarket. Better known as the Textile Building, the century-old landmark long served as a hub of New York City’s textile industry. Dustin Stolly,…
A joint venture between Core Spaces and Harrison Street Asset Management closed on a refinancing of a 408-unit build-to-rent community in Princeton, Texas. Multifamily News reports the note retires a previous $86 million construction loan issued by Western Alliance Bank in 2023, Newmark’s Jonathan Firestone, Blake…
Affinius Capital funded a $35 million loan to refinance Village Green at Bridgeland Central, a Class A mixed-use commercial development totaling approximately 198,000 square feet in Cypress, TX. Completed in 2025 and nearly fully leased, the property is located in Bridgeland, an 11,500-acre master-planned community…
A joint venture between Trinitas Ventures and Harrison Street Asset Management obtained a floating-rate bridge loan to refinance Atmosphere Tempe, a 530-bed student housing community in Tempe, Ariz. TSB Capital Advisors arranged the deal, while PGIM originated the debt. Multifamily News reports that previous…
Lovett Industrial and NewQuest are teaming up to develop Seguin Exchange Commerce Park, a 164-acre Class A industrial campus in Seguin, Texas. Upon full build-out, Seguin Exchange Commerce Park will deliver more than 2.0 million square feet of industrial and manufacturing space, with building sizes ranging from…