What happened, and who moved.
The Watermark at Oro Valley, a 101-unit assisted living community at 9005 N. Oracle Road in Oro Valley, sold for $23 million. The buyer was Steller Senior Living. The seller was PGIM Real Estate. Built in 2018, the two-story assisted living facility contains 83,059 square feet on 3.42 acres in the Shadow Mountain…
Gov. Kathy Hochul has selected a team of Gotham Organization, Fisher Brothers and Mural Real Estate Group to develop 1,127 housing units on a state-owned site currently used for parking near the USS Intrepid Sea, Air, and Space Museum on Manhattan’s Far West Side. Thirty percent of the units in the two-tower…
PCCP provided a $61.3 million loan to PGIM and Kennedy Wilson for the refinance of Parc Riverside East, a luxury mid-rise apartment community in the Navy Yard neighborhood of Washington, D.C. Built in 2014 and located at 1011 First Street SE, the 287-unit, 13-story property features studio, one-bedroom, and…
This is a commercial real estate deal announcement published by Commercial Observer in July 2026 reporting that Bridges Development Group purchased Kingswood Center in Brooklyn for $31 million. The item is classified as a capital markets transaction.
This is a profile interview published by Commercial Observer in July 2026 featuring Iris Escarrá of Greenberg Traurig, focusing on capital markets topics with national and New York scope.
The Fremont Marriott Silicon Valley has changed hands for the first time in more than a decade, giving a Dallas-based hotel REIT working through its own mounting debt problems a fresh infusion of cash and handing a new owner one of the East Bay’s largest full-service hotels just as the city touts its rise as […]…
StreetLights Residential has secured $54 million in equity, along with $111.5 million in construction loans, for a new 22-story Plano apartment complex expected to open in 2029. The project will be part of the conversion of The Park of Legacy, a 107-acre office campus into a mixed-use development with apartments,…
A Mesa planning board will consider a nearly 268,000 proposed expansion to an existing Boeing manufacturing facility on the east side of Greenfield Road north of McDowell Road. (Photo courtesy of Todd Photographic Services) AZBEX reports the one-story building is proposed as a Boeing Fabrication Center, adjacent to…
The Signorelli Company announced Commerce District at Valley Ranch, a mixed-use destination that represents the next phase in the evolution of the 1,400-acre Valley Ranch master-planned community in New Caney, Texas. Situated on 55 acres, Commerce District will encompass 400,000 square feet of commercial…
This is a news article published by Commercial Observer in July 2026 reporting on Governor Hochul's selection of developers to construct 1,127 housing units in the Hell's Kitchen neighborhood of New York.
This is a news article published by Commercial Observer in July 2026 reporting on property values in Los Angeles County, noting a total valuation of $2.27 trillion amid wildfire impacts and market conditions. The piece covers capital markets developments with national scope.
This is a podcast episode published by Commercial Observer in July 2026 featuring an interview with DealGround CEO Dan Mosher discussing how artificial intelligence assists real estate brokers with prospecting activities.
This is a news article published by Commercial Observer in July 2026 reporting on the departure of Kevin Miller from his role as CEO of Thorofare Capital after 17 years with the company. The article covers a capital markets leadership change affecting a New York-based firm.
This is a news article published by Commercial Observer on July 15, 2026, reporting on a $30 million construction financing deal for a Jewish high school backed by real estate investor Jeff Sutton. The item covers a capital markets transaction with national scope and New York geography focus.
This is a news article published by Commercial Observer in July 2026 reporting on a leasing activity involving restaurateur James O'Brien opening a wine bar at Naftali's Williamsburg Wharf location in New York.
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Hospitality company Travel + Leisure Co., which owns more than 280 resorts around the globe, is purchasing 23 more through two separate acquisitions.
The Volunteer State is throwing its hat into the ring as a potential new home for Paramount as a legal battle rages over the company's $111B takeover of Warner Bros. Discovery.
The price of power is set to jump more than 60% for PJM, the largest electrical grid in the country, amid insatiable demand from data centers. “Demand for electricity continues to grow faster than electricity supply,” PJM CEO David Mills said in...
The San Francisco Board of Supervisors voted 9-2 on Tuesday to cut the city’s inclusionary housing requirement from 15 percent to 5 percent and to exempt developments of fewer than 24 units entirely, delivering the market-rate half of a bargain that also sent a $125 million-a-year affordable housing fund to the…
Blue Owl Capital has placed the five-building Milpitas R&D campus it bought from Western Digital in a 2023 sale-leaseback back on the market, offering investors a 12.5-year triple-net lease to SanDisk, 13 megawatts of power and more than $375 million of tenant capital sunk into flash memory laboratories now feeding…
ATHENS, GA. — CCI Real Estate has begun construction on 290 Lumpkin, a 353-bed student housing development located near the University of Georgia campus in Athens. The community is being developed in partnership with the Georgia Baptist Mission Board and will include ministry space for Baptist Collegiate…
HUMBLE AND ROWLETT, TEXAS — Cushman & Wakefield has arranged $95.7 million in financing for a portfolio of two affordable housing properties totaling 626 units. Grove East is a 324-unit, garden-style property located in the northern Houston suburb of Humble, and Rowlett Station is a 302-unit midrise building…
SHENANDOAH AND RICHMOND, TEXAS — Pinecroft Realty has refinanced two medical office buildings totaling approximately 70,000 square feet in metro Houston. The loan amount(s) was not disclosed. The buildings include the 57,000-square-foot Vision Park Medical Office Building in Shenandoah, located north of Houston,…
SAN ANTONIO — Andover Properties has acquired Rail Drive Commerce Center, a 134,500-square-foot industrial flex building in northeast San Antonio. Completed in April and acquired by Andover in May, Rail Drive Commerce Center offers small-bay and flex spaces that are configured as move-in ready suites and feature…
MCDONOUGH, GA. — Highline Warren, a distributor of cleaners and other fluids for the automotive and industrial sectors, has announced plans to invest $170 million in a new logistics hub in metro Atlanta. The Memphis-based company will build-out and occupy the former Zinus building, a 1.1 million-square-foot…
LUBBOCK, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of All American Storage, a 464-unit facility located in the West Texas city of Lubbock. The facility spans 54,453 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster, Hugh Horne and Kirk Silas of Versal represented the…
JACKSONVILLE BEACH, FLA. — JLL has arranged a $76.8 million construction loan for a 415-unit multifamily development in Jacksonville Beach. Mark West led the JLL team in arranging the four-year, floating-rate loan through Ameris Bank on behalf of the borrower, Trevato Development Group. Located along Beach…
OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, an apartment community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller,…
CHARLOTTE, N.C. — Trinity Capital Advisors and Town Lane have begun renovations on 440 South Church, a 15-story, 388,657-square-foot office building in Uptown Charlotte. Current tenants at the Class A property include Driven Brands and HDR Engineering. Updates to 440 South Church will include a redesigned lobby,…
Extant Aerospace broke ground on a new 376,000-square-foot industrial manufacturing facility in Melbourne. Michael Moss II of Lightle Beckner Robison represented Extant Aerospace securing the building. The Orlando Business Journal reports the new facility is part of the Harbour Logistics Center development, an…
JLL has recently been selected as the exclusive leasing team for Heritage Plaza. The 1.15 million-square-foot, 51-story property is located at 1111 Bagby Street JLL’s Jon Dutton, Tyler Garrett, and Paul Frazier will lead leasing efforts on behalf of Brookfield Properties and AEW Capital Management. Heritage Plaza…
Richland Capital Holdings broke ground on Lakeview Corporate Park, a new 310,000-square-foot logistics space, at 6700 Lakeview Center Drive. The Tampa Bay Business Journal reports the project will redevelop a three-story office building into two rear-load distribution buildings designed to serve a wide range of…
After a decade with almost nothing to show, San Francisco is set to receive applications for three office-to-residential conversions totaling more than 300 units this month, even as a resurgent tech market drives up building prices and threatens to shrink the supply of properties cheap enough to convert. San…
A freestanding, three-story Class A office building in Pleasanton’s Bernal Corporate Park has hit the market as a rare owner-user opportunity, fully occupied by Rimini Street under a lease that runs into January 2027 in a submarket where roughly two of every five Class A square feet sit empty. The…
Mountain View is preparing to sell off an entire public street to clear the way for a seven-story, 216-condominium tower from DeNardi Wang Homes, doubling the size of a project the city first approved half a decade ago and marking the second time this year the city has agreed to relinquish a road for housing. […]…
The space-based solar power startup founded by Robinhood co-founder Baiju Bhatt leased 14,825 square feet at 1710 Industrial Road in San Carlos, then renamed itself Cowboy Space Corporation and raised $275 million at a roughly $2 billion valuation, a sequence that placed a satellite company on the San Francisco Bay…
The residents of Salinas’ 82-space Alisal Country Estates Mobile Home Park have collectively purchased the property for $12 million, converting a rented-land community into one of the region’s first resident-owned parks and shielding dozens of farmworker and fixed-income households from the rent hikes reshaping the…
BELLEVUE, WASH. — First Washington Realty has acquired Evergreen Village, a 123,562-square-foot grocery-anchored community shopping center located across Lake Washington from Seattle in Bellevue. Terms of the transaction were not released. Tenants include Safeway, Edgeworks Climbing, Puetz Golf Superstore and…
CHICAGO — Greenstone Partners has negotiated the $4 million sale of a fully leased property located along Restaurant Row in Chicago’s Fulton Market neighborhood. Located at 1012 W. Randolph St., the four-story asset totals 6,500 square feet and includes a ground-floor retail space leased to Rōti Modern…
NORTHBROOK, ILL. — Nonprofit developer Housing Opportunity Development Corp. (HODC) has opened Poupard Place, a permanent supportive housing community in Northbrook. The 48-unit, four-story community at 1593 Shermer Road provides affordable housing for individuals and families living with disabilities. The…
ROCKY RIVER, OHIO — JLL Capital Markets has arranged the $28.2 million sale of Westwood Town Center, a shopping center in Rocky River near Cleveland. Built in 1988, the property totals 226,155 square feet. Anchor tenants include Home Depot, which accounts for 30 percent of income and recently extended its lease,…
WILMINGTON, MASS. — JLL has brokered the sale of a 237,880-square-foot logistics facility located at 800 Salem St. in Wilmington, a northern suburb of Boston. Completed in 2025, the building features a clear height of 32 feet, 47 dock-high loading positions, two drive-in doors, 130-foot truck court depths, parking…
NEW YORK CITY — San Francisco-based Airbnb has purchased 281 Park Avenue South, an office building in Midtown Manhattan, for $81.5 million, according to reports from multiple news outlets, including The Wall Street Journal (WSJ) and the New York Post. The landmarked, six-story building is known locally as Church…
ISLAND PARK, N.Y. — San Francisco-based intermediary Gantry has arranged an $11.5 million loan for the refinancing of a 740-unit self-storage facility located in the Long Island township of Island Park. Public Storage operates the three-story, climate-controlled facility. Robert Slatt and Alex Poulos of Gantry…
SANDY, UTAH — ARKA Properties Group has purchased a 98,820-square-foot industrial property located on Parkland Drive in the Salt Lake City metro area from a Southern California-based private developer. Lucas Burbank, Jeff Heaton, Kyle Roberts and Kelsie Akiyama of the DRAY Logistics Group at Newmark Mountain West…
TUKWILA AND KENT, WASH. — BKM Capital Partners has purchased a five-building, 401,000-square-foot industrial portfolio located in metro Seattle. Terms of the transaction were not disclosed. Spanning 19 acres of infill industrial space, the portfolio includes Southcenter West Business Park, a three-building,…
OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, a multifamily community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller,…
CHICAGO — Marcus & Millichap has brokered the sale of a 916-unit Public Storage property in Chicago. Completed in 2024, the self-storage facility consists of climate-controlled units totaling 72,899 rentable square feet. Jeffrey Herrmann and Sean Delaney of Marcus & Millichap represented the seller, an…
LBA Logistics recently purchased two industrial properties in the Union Cross Industrial Park near Winston-Salem for $38.16 million. The seller was Westcore. The Triad Business Journal reports Westcore purchased the two Millennium Drive properties from developer Front Street Capital for a combined $36.9 million in…
Dallas-based Lincoln Property Company (“Lincoln”), a global full-service real estate firm, acquired The Spectrum Companies (“Spectrum”), a Charlotte-based, full-service real estate firm. The acquisition enhances Lincoln’s full-service real estate platform in the Carolinas region, combining complementary…
U.S. wholesale inflation followed the example of consumer price inflation in June with a monthly decline. The Producer Price Index for final demand fell by a seasonally adjusted 0.3% in June after rising 1.1% the previous month, the U.S. Bureau of Labor Statistics reported Wednesday. Analysts had expected the June…
Slate and RiseBoro secured a $163 million loan for two housing projects located in Williamsburg, as reported by Commercial Observer. This is a debt-financing transaction in the capital markets covering New York real estate.
This is a news article published by Commercial Observer in July 2026 discussing New York's Fair Fares program expansion and its relationship to affordable housing. The article covers topics related to capital markets and affordable housing with geographic focus on New York.
A Reichmann family scion just placed one of his biggest bets yet on Union Square’s recovery, closing on a Bulgari-anchored building days after the deal seen as the strongest proof of downtown San Francisco’s retail comeback collapsed. Silver Gate Property II LLC, a Delaware entity affiliated with investor Ian…
This is a news article published by Commercial Observer in July 2026 covering Major League Soccer's headquarters design at Vornado's 2 Penn property in New York, with focus on capital markets implications.
One of the largest undeveloped sites in Manhattan overlooking the Hudson River is set to become a massive housing project. Gov. Kathy Hochul selected a team of The Gotham Organization, Fisher Brothers and Mural Real Estate to build 1,127 housing units...
New York City renters have never paid more for their housing — and their options on where to live are dropping.
PPR Capital Management just began investing in the build-to-rent housing sector last year, and now it is looking to pounce on a market it sees as benefiting from the new federal housing law. The Wayne, Pennsylvania-based firm this week is launching...
Michael Lavipour still remembers the bank office where executives laughed him out of the room. It was 13 years ago, and the head of lending for Affinius Capital was on the hunt for a credit facility to support the investment management firm’s real estate...