News & Deals · Global Real Estate Intelligence

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REBusiness OnlineNews

Lee & Associates Negotiates 20,092 SF Industrial Lease in McKinney, Texas

MCKINNEY, TEXAS — Lee & Associates has negotiated a 20,092-square-foot industrial lease in the northern Dallas suburb of McKinney. The space is located within Building 2 at McKinney Trade Center. Brett Lewis and Taylor Stell of Lee & Associates represented the tenant, Blount Fine Foods Corp., in the lease…

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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 & 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 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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Capital MarketsAlternativesU.S. National

From NAIOP to CREDA: New Name, Expanded Scope, Same Mission

The rebranding of NAIOP to the Commercial Real Estate Development Association didn’t occur overnight—the association has worked for years on crafting its new identity. Nor is it the first time the organization has undergone a name change; in fact, President and CEO Marc Selvitelli told Connect CRE, the new name is…

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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. NationalJacksonville

Trevato Lands $76.8M Construction Loan for Jax Apartment Complex

Trevato Development Group obtained a $76.8 million construction loan to build a mixed-use development in Jacksonville. The four-year, floating-rate loan was provided by Ameris Bank. A JLL Capital Markets team led by Mark West secured the loan. The development, located at 1944 Beach Blvd. in Jacksonville Beach, will…

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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 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 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 MarketsREITsU.S. NationalNew York

REIT Values Are Hard to See Sometimes

REITs are outperforming the S&P 500 by more than 5 percentage points year-to-date as of late June 2026, driven by sector diversification including data centers (up 27 percent), hotels and lodging (up nearly 40 percent), and senior housing, while traditional sectors like office have declined to roughly 3 percent of the REIT market index. The article attributes the valuation gap between REIT stock prices and their underlying real estate values to factors including earnings-focused investors with short time horizons, interest rate cycles, management quality and strategy, and market sentiment that has been slow to shift despite improved fundamentals in certain sectors.

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Commercial ObserverNews

More Commercial Real Estate Owners See Value in Special Servicing Platforms

More commercial real estate owners, including RXR and SL Green, are establishing special servicing platforms to manage distressed CMBS loans, leveraging their operational expertise in asset resolution while creating potential conflicts of interest when servicing loans of competitors. Rating agencies and pooling and servicing agreements provide oversight to mitigate conflicts, though Fitch has previously flagged concerns about affiliate influence, and industry experts remain divided on whether these arrangements ultimately benefit or harm bondholders despite structural post-2008 protections limiting special servicers' ability to acquire distressed assets.

Capital MarketsCMBSU.S. NationalNew York

Posted 1 day ago·Published Jul 13, 2026Read

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Commercial ObserverNews

Allen Féliz of MRI Software: 5 Questions

The article presents an interview with Allen Féliz, vice president of innovation for affordable and public housing at MRI Software, discussing the 21st Century ROAD to Housing Act's impact on real estate and proptech. Féliz describes how the legislation aims to increase housing supply by removing regulatory barriers and modernizing housing programs, which he argues will drive increased demand for proptech solutions in compliance management, workflow automation, asset management, and data visibility, while also expanding public-private partnerships in affordable housing development.

Capital MarketsPropTech & DataU.S. NationalNew York

Posted 1 day ago·Published Jul 13, 2026Read

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Commercial ObserverNews

From Builder to Partner

Wharton Smith Construction, a New York City commercial construction firm founded by Elliott Mishan, has scaled its operations to handle increasingly complex projects including office fit-outs, corporate headquarters, medical facilities, and adaptive reuse work while maintaining service quality through dedicated staffing roles, proprietary estimating systems, and experienced project leadership. The company has completed major projects including a 100,000-square-foot hotel-to-residential conversion in Lower Manhattan and a 110,000-square-foot luxury corporate headquarters build-out, emphasizing preconstruction planning, data-driven budgeting, and disciplined execution as competitive advantages in New York's evolving commercial real estate market.

Capital MarketsU.S. NationalNew York

Posted 1 day ago·Published Jul 13, 2026Read

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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 1 day ago·Published Jul 13, 2026Read

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Capital MarketsOfficeU.S. NationalNew York

Brookfield in Talks to Replace Hines in $3.5B Hudson Square Properties JV: Updated

Brookfield is in exclusive talks to acquire a 10 percent stake in Hudson Square Properties, a 13-property portfolio valued at $3.5 billion on Manhattan's West Side, which would replace Hines as the joint venture's operating partner after a decade. The deal is expected to close in the coming months and comes as Hudson Square has attracted major tech and media tenants including Anthropic, PayPal, and Notion amid a citywide shortage of desirable office space.

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Commercial ObserverNews

John Roesch Exits Meridian to Start Roesch Real Estate Group

John Roesch, after nearly a decade at Meridian Retail Leasing, founded Roesch Real Estate Group (RREG), a new retail leasing firm that plans to eventually add an investment sales team and focus on middle-market institutional-style execution. Roesch brought two colleagues from Meridian—Griffin Hanes and Jessica Blocker—to the five-person startup, which aims to grow by combining AI systems with traditional business development methods such as cold calling and in-person networking.

Capital MarketsU.S. NationalNew York

Posted 1 day ago·Published Jul 13, 2026Read

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Capital MarketsOfficeU.S. NationalNew York

Sunday Summary: Unpacking the Near-Collapse at Pfizer HQ

On July 7, 2026, two steel support structures buckled at the former Pfizer headquarters at 235 East 42nd Street in Manhattan, causing five floors to begin caving in; the building was an office-to-residential conversion by Metro Loft and David Werner Real Estate Investments, and nobody was injured, though union leaders and city officials criticized the construction quality. The same week saw significant office leasing activity in New York, including Loeb & Loeb expanding to 178,959 square feet at 345 Park Avenue, NBCUniversal renewing 244,185 square feet at 1221 Avenue of the Americas, and Ralph Lauren adding 22,000 square feet to reach 280,000 square feet total at the Starrett-Lehigh Building.

Posted 1 day ago·Published Jul 12, 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 1 day 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 1 day ago·Published Jul 10, 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 1 day 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 1 day ago·Published Jul 10, 2026Read

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Capital MarketsMultifamilyU.S. NationalNew York

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 1 day ago·Published Jul 10, 2026Read

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Capital MarketsDebt & FinancingU.S. NationalNew York

Redstone Bank, Goldman Sachs, New York State Provide $217M for Alafia Project

Apex Building Group and L+M Development Partners secured $217 million in construction financing for the third phase of the Alafia Project in East New York, Brooklyn, which will deliver 273 units of affordable housing and public green space, with funding provided by Redstone Bank, Goldman Sachs Urban Investment Group, New York State Energy Research and Development Authority, and New York State Homes and Community Renewal through Low-Income Housing Tax Credits and tax-exempt bonds. The broader Alafia redevelopment project will ultimately transform 27 acres of the former Brooklyn Developmental Center into approximately 2,600 affordable housing units, a 50,000-square-foot community medical facility with senior health services, and over 20,000 square feet of public green space, with Phase 3 expected to complete in 2029.

Posted 1 day ago·Published Jul 10, 2026Read

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Commercial ObserverNews

Event Company Glasshouses Inks 70K SF at 175 Greenwich Street

Event company Glasshouses has leased 70,000 square feet at 175 Greenwich Street in the Westfield World Trade Center complex in Lower Manhattan to establish its flagship venue, Glasshouse Downtown, designed to accommodate nearly 1,500 guests across two full floors of Tower 3 with completion targeted for 2028. CBRE brokers Anthony Dattoma, Chris Mansfield, and Zachary Weil represented landlord Unibail-Rodamco-Westfield in the transaction, and the lease represents a long-term commitment by Glasshouses to host corporate events, conferences, galas, and other large-scale social gatherings.

Capital MarketsOfficeU.S. NationalNew York

Posted 1 day ago·Published Jul 10, 2026Read

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Capital MarketsData CentersU.S. NationalNew York

Palm Beach County Pauses Data Center Applications

The Palm Beach County Commission voted 5-2 to freeze new data center applications in unincorporated areas pending zoning changes, and directed staff to draft a year-long moratorium expected to be finalized the following month, citing concerns about infrastructure impact and resident opposition. The pause affects future proposals but allows one pending 3.7 million-square-foot development called Central Park Commerce Center (Project Tango) on 202 acres in Loxahatchee to proceed with its review.

Posted 1 day ago·Published Jul 10, 2026Read

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