What happened, and who moved.
BOSTON — A partnership between Pennrose and the Hyde Square Task Force (HSTF) has broken ground on a 55-unit affordable housing redevelopment in the Jamaica Plain area of Boston. Designed by DiMella Shaffer, the project will convert the former 71,000-square-foot Blessed Sacrament Church, which was built in 1913 and…
EAST SYRACUSE, N.Y. — Marcus & Millichap has brokered the sale of a 250-room hotel in East Syracuse. Opened in 1977 and renovated in 2016, the DoubleTree Syracuse is located in the Carrier Circle area and comprises a central building that houses public spaces in addition to four-story and seven-story guestroom…
RICHMOND, VA. — Capital Square has sold 2000 West Creek, a 373-unit apartment community in Richmond, for $115 million. The locally based company purchased the property in 2019 in a Delaware statutory trust program (DST) for $103 million, giving the trust’s 115 exchange investors a 137 percent total return and more…
JUSTIN, TEXAS — An undisclosed packaging company has signed a 1 million-square-foot industrial lease in Justin, located north of Fort Worth. The space spans a full building within 114 Logistics Park and features 40-foot clear heights and “significant” car and trailer parking allotments. Nathan Lawrence and Krista…
CARROLLTON, TEXAS — A partnership between Birtcher Anderson & Davis Associates and Belay Investment Group has sold a 49,650-square-foot industrial complex in the northern Dallas metro of Carrollton. The two-building property at 1415-1425 Whitlock Lane was fully leased at the time of sale. Stream Realty Partners…
THE WOODLANDS, TEXAS — EōS Fitness will open a 40,000-square-foot gym in The Woodlands, about 30 miles north of Houston. EōS will join Elite Pickleball Club and Slick City Action Park as anchor tenants at Dudley Sports Plaza, located at the corner of FM 1488 and Kuykendahl Road. NewQuest represented EōS in the…
MEDLEY, FLA. — NAI Miami | Fort Lauderdale has brokered the $6.6 million sale of a 2.6-acre industrial site located at 7501 N.W. 72nd Ave. in Medley, about 14 miles northwest of Miami. Locally based Tekton Construction Corp. purchased the site from the seller, an entity doing business as 7501 Medley Civil LLC.…
West Palm Beach gave tentative approval to a measure that would pause redevelopment in a waterfront area of the city’s downtown. It will mostly affect the seven apartment and condo projects on S. Flagler Drive and Washington Road. The S. Florida Business Journal reports the measure would halt any new projects in…
Taiwan Semiconductor Manufacturing Co. (TSMC) plans to spend an extra $100 billion to grow its U.S. business. The company says that money will likely help add four new fabrication plants in Arizona, which would make some of the world’s most advanced computer chips, 2-nanometer and smaller. Those new factories would…
Boston-based Intercontinental Real Estate Corporation has acquired Lakeland Town Center, a 125,233-square-foot grocery-anchored retail center located in Auburn, Washington, for $69.5 million. Geoff Tranchina, Gleb Lvovich, Dan Tyner, and Tess Berghoff with JLL Capital Markets marketed the property on behalf of the…
It’s taken 10 years for the developers of a River Walk boutique hotel to reach the point where they can announce their opening date. The San Antonio Business Journal reports the Aztec Hotel, at the site of the Aztec Theatre building, will open near the end of August. The owners of the downtown property, led ... The…
Peerless Development is pursuing the construction of a 713-bed student housing project on Crest Road directly behind North Carolina State University’s South Campus. The Triangle Business Journal reports that the site plans show a 7-story mixed-use building — the height would range from 5 to 7 stories due to grade…
This is a news article from Commercial Observer published July 16, 2026, reporting on an action plan released by Mamdani in response to findings from a rental ripoff hearing, covering national and New York markets within the capital markets sector.
Affinius provided a $177 million construction loan for a student housing project in Central Florida, according to this deal announcement published by Commercial Observer in July 2026. The transaction involves debt financing in the student housing sector.
Green Street has introduced a new commercial property price index covering the Canadian market, providing a benchmark for tracking property valuations and market trends.
Green Street roundup covering a significant self-storage acquisition, hotel loan activity, and capital deployment challenges in real estate.
An entity tied to Group i President and Chief Executive Officer Joy Ou has hired Newmark to sell 1301 Folsom Street, a three-story South of Market R&D building leased in its entirety to AI robotics company Medra, testing whether a single credit-thin but capital-rich tenant and unusually heavy electrical…
A sweeping code-cleanup ordinance now before the San Francisco Board of Supervisors would delete ten sections of the Planning Code outright, repeal the Housing Balance monitoring regime and eliminate the periodic review that asks whether the city’s Proposition M office cap should survive at all, consolidating…
Panattoni Development Company has finished construction on Amazon’s newest last-mile delivery station in Redding, California, delivering a 95,000-square-foot facility that caps nearly two decades of the city’s effort to turn a shovel-ready industrial park into a magnet for major employers. The facility, at 5855…
San Francisco office leasing has surged to all-time highs in the first half of 2026, and a Newmark building-by-building analysis argues the market’s real vacancy is closer to 15 percent than the high-20s figure that has defined its post-pandemic reputation. San Francisco’s office market has produced what may be the…
Ensemble Real Estate Investments’ second residential community in Santa Clara’s Clara District has broken into construction, one of the first Bay Area multifamily projects to reach that stage since interest rates spiked between 2023 and 2025, as the developer bets a second time on the neighborhood it is building…
The Bay Area’s technology corridor has emerged as the strongest single-family rental market in the country during the first half of 2026, with San Francisco, San Jose and a string of Peninsula cities posting mid-single-digit rent growth even as nearly half of the 1,099 U.S. markets tracked by Rentometer recorded…
One of Uptown Oakland’s most symbolically important apartment buildings is headed to the auction block, even as the city’s broader rental market shows its first real signs of stabilizing after a brutal, oversupply-driven downturn. Lenders have scheduled a July 28 foreclosure auction for Mason at Hive, a 105-unit…
CHICAGO — Kiser Group has arranged the $5.7 million sale of a 43-unit apartment building located at 5123-31 S. University Ave. in Chicago’s Hyde Park neighborhood. Lee Kiser brokered the transaction. The Norm Levin Trust sold the property to Florin Pavel. Situated a few blocks from the University of Chicago, the…
ROHNERT PARK, CALIF. — Slatt Capital has arranged $12 million in acquisition financing for a multi-tenant, 68,094-square-foot office building in Northern California. Located at 5900 State Farm Drive, the property was built in 1973. The Standard, a life insurance company lender, provided the nonrecourse loan, which…
ROCHESTER, MINN. — Inland National Development Co. LLC, a member company of The Inland Real Estate Group of Cos. Inc., and Reuter Walton Development LLC will co-develop Citywalk Apartments, a 342-unit multifamily community in downtown Rochester directly across from Mayo Clinic’s campus. Construction is expected to…
LANSING, ILL. — Lee & Associates of Illinois has brokered the sale of a 455,858-square-foot warehouse located at 16801 Exchange Ave. in Lansing, a south suburb of Chicago. Walter Murphy of Lee & Associates represented the buyer, RBT Industries (The Great Escape), a retailer of home leisure products. RBT will occupy…
HAMPSHIRE, ILL. — Principle Construction Corp. has completed a warehouse renovation for POLI FILM America Inc. at One Elgiloy Drive in Hampshire, a far northwest suburb of Chicago. The project provides the protective plastic film manufacturer with a streamlined, rectangular floor plan designed to optimize…
LOS ANGELES — Winstar Properties has purchased The Flat, a 205-unit apartment complex located in the City West neighborhood of Los Angeles. Terms of the transaction were not released. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the…
WESTLAKE VILLAGE, CALIF. — LTC Properties has acquired two seniors housing communities in Colorado and New Mexico from Harbert Management Corp. for a combined purchase price of $73 million. Offering both assisted living and memory care, the properties are the 69-unit MorningStar of Albuquerque and the 64-unit…
The post Return to Lender: Week of July 16, 2026 appeared first on Connect CRE .
Trinity Capital Advisors and Town Lane kicked off the makeover of the 15-story, 388,657-square-foot office tower at 440 S. Church St. The Charlotte Business Journal reports the $20 million project will focus on the 17-year-old building’s two lobbies and include upgrades to existing tenant amenities, common areas…
The Trepp CMBS special servicing rate increased by 34 basis points in June to 11.20%, reversing May’s decline. Special servicing rates increased in four of the six major property types in June, reported Trepp. Lodging posted the largest increase, rising 44 bps to 8.89%, and office climbed 36 bps to 17.11%, also led…
This is a news article from Commercial Observer published in July 2026 reporting on the Center for Justice Innovation's expansion to a 34,000 square-foot space at 520 Eighth Avenue, a property developed or managed by GFP.
This is a news article published by Commercial Observer in July 2026 examining a new stakeholder entity in data center development, with a focus on capital markets implications and coverage spanning national markets with reference to New York.
Mayor Zohran Mamdani released the highly anticipated findings from his administration’s “Rental Ripoff” hearings on Thursday and laid out a list of ways that the city plans to target landlords it says are operating housing in bad faith. The series...
Data center developer and operator Switch is pursuing an initial public offering, adding to a growing wave of digital infrastructure companies tapping public markets.
Presumptive D.C. mayor-elect Janeese Lewis George will come into office next year with a slate of policy priorities aimed at protecting tenants and stabilizing rent. But she hasn’t yet offered specifics on how exactly she would accomplish those goals...
The clouds of debt maturities and nonperforming loans haven’t entirely cleared from the country’s largest banks, but the shine of artificial intelligence and data center development is erasing the shadows cast by Wall Street's anxieties over pandemic-era...
Restaurant openings are on the rise across the nation, and Denver wants to help more restaurateurs launch locations in the Mile High City. The Denver Permitting Office outlined new initiatives to ease the permitting process and requirements for restaurants...
Companies seeking massive warehouse space have come back to Atlanta’s industrial market after smaller tenants last year dominated the sector.
After a year of caution, America’s industrial occupiers are once again taking leaps by signing megadeals. The tenants are backfilling the surplus of big-box warehouses that were built to meet projected post-pandemic demand before tariffs and a war...
Milhaus and SRG Residential completed a merger, forming a national multifamily platform to develop, own and manage apartment communities in more than 20 markets. Together, Indianapolis-based Milhaus and Newport Beach-based SRG Residential, a subsidiary...
The growing shipbuilding industry in Philadelphia's Navy Yard is getting a boost from the world's largest bank.
Surinder Arora remembers clearly the night in 2008 when he thought he had lost everything. “It was 2, 3 a.m. in the morning. You can't sleep. I must have cried so much that you could squeeze water out of the pillow,” recounted Arora, a hotel and...
An affiliate of Equus Capital Partners, Ltd. has acquired the 300,075-square-foot Centech Park North in Shrewsbury MA for an undisclosed sum. The acquisition was completed through a programmatic joint venture. Developed by NorthBridge Partners and completed in 2023, Centech Park North is comprised of two Class A…
Lee & Associates of Illinois has closed a $5.18 million sale transaction for a 39,879 square-foot building located at 1951 Lively Boulevard in Elk Grove Village, Illinois. Dustin Albers, senior vice president at Lee & Associates’ Illinois office, represented the buyer, Sonica International, Inc., a global logistics…
Specialty investment bank Ziegler has closed on Fairview’s Vista Point Project, one of the largest senior living tax-exempt bond transactions to date in the state of Connecticut. The $304-million financing will be used to fund construction of the project, repay all outstanding indebtedness of the organization,…
Scoop N Scootery, a rapidly expanding ice cream franchise with 10 locations across seven states, has selected Bleecker Street for its first New York City location. Lee & Associates NYC arranged the 1,325-square-foot retail lease at 162 Bleecker St., where the company signed a 15-year lease for the ground-floor…
Walker & Dunlop arranged a $60-million bridge loan to refinance Bell Works Fort Monmouth,a mixed-use campus in Tinton Falls, NJ. The Walker & Dunlop Capital Markets Institutional Advisory team led by Dustin Stolly, Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Ari Hirt and Stanley Cayre…
The Bascom Group acquired Castlewood Park Apartments, a low-density, 183-unit value-add apartment community in Buena Park. The purchase price was $53,125,000, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, and Jake Vitta of IPA Capital Markets arranged the acquisition financing, with…
NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia. The bridge loan, which was used to finance the purchase of the extended-stay…
CPC Mortgage Company, a subsidiary of The Community Preservation Corporation, has structured a $42.1 million loan for the preservation and rehabilitation of Parkside Estates and Demby Terraces, a 315-unit affordable housing community in Inkster, Michigan. Developed by Good Housing Partnership in partnership with…
This is a news article published by Commercial Observer in July 2026 reporting on a leasing activity involving Pure Paws Veterinary Care relocating to a 5,000 square foot space at 1 Putnam Avenue in Brooklyn, New York.
Greystar has unveiled its first UK garden-style rental housing development, with the company targeting delivery of up to 20,000 such rental homes over the next four years. The new strategy has launched with the acquisition of a development site at Waterbeach,...
Cox, Castle & Nicholson LLP served as real estate and permitting counsel to IPX Power, LLC on the committed financing for the construction and operation of its Darden renewable energy projects in Fresno County, California. The financing encompasses $4.95 billion of construction debt. It includes a $403-million…
First Washington Realty (FWR) has acquired Evergreen Village, a 123,562-square-foot grocery-anchored community shopping center in Bellevue, Washington, expanding the firm’s Pacific Northwest portfolio to 2.3 million square feet. Anchored by a Safeway supermarket, Evergreen Village features a diverse mix of fitness…
BKM Capital Partners has acquired a five-building Metro Seattle industrial portfolio. The assets, located in the market’s premier South King County industrial corridor, were acquired on behalf of BKM Industrial Value Fund III. Totaling 401,000 square feet across approximately 19 acres of infill industrial space,…
Mapletree Investments has broken ground on a 419,520-square-foot best-in-class industrial facility in Chicago’s Joliet submarket. The property sits on a 29.36-acre site at 1851 Brandon Road with delivery scheduled for 2027. “This groundbreaking brings another high-quality logistics asset to one of the most…
Cushman & Wakefield arranged the sale of a three-building industrial portfolio totaling approximately 667,024 square feet (sf) at Interchange Logistics Center in San Bernardino. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan represented both the seller, Cabot Properties, and the buyer, EQT. Terms…