What happened, and who moved.
Essex Three-Twelve completed the sale of 3141 N. Oakley Ave., a turnkey three-unit multifamily property located in Chicago’s Roscoe Village neighborhood. The property sold for $1.24 million, with Essex Three-Twelve Director Mitir Patel representing the seller. Turnkey three-unit properties are rarely available in…
Ambrose has broken ground on Buildings I & II at Plainfield Innovation Park, a 720-acre business park in Plainfield, Indiana, a southwest suburb of Indianapolis. Building I will be approximately 181,000 square feet, while Building II will be approximately 217,000 square feet, each including a 2,925-square-foot…
Veteran multifamily investment brokerage professional Debbie Pomerantz has launched an independent commercial real estate brokerage firm, DLP Real Estate. The firm’s debut aligns with the $13.25-million sale of Raritan Riverside, a newly constructed, 42-unit luxury multifamily community located at 21 Orlando Dr. in…
Keystone recently closed on a $22,000,000 permanent loan on a multifamily property located in Belmont. The financing wasprovided by Voya Financial at a fixed interest rate of 5.47%. The borrower was not disclosed. The transaction reflects continued lender appetite for well-located multifamily assets in…
Illustrating the strong demand among artificial intelligence hardware companies for Silicon Valley manufacturing space even before it’s built, a unit of Taiwan-based MiTAC Holdings Corp. has committed to the second phase of the new Campus at Bayside, a nearly 470,000-square-foot development in Fremont, reported the…
Terra Nova Plaza, a 96,000-square-foot retail property, in San Diego County trades hands
JLL Capital Markets led the sales efforts for The Station at LoSo in Charlotte’s Lower Southend submarket
NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) and Rudin Management announced today that they have formally agreed to enter into a joint venture with an affiliate of Kenneth C. Griffin, Citadel’s Founder and CEO (“KG”), for the development of a 1.9 million square foot trophy office…
Fermi finally landed its first tenant for the data center campus Project Matador, which had run into construction and financial setbacks.
Longfellow sold the Long Island City building for $6M less than it paid before redeveloping it, plus more of this week's biggest CRE deals in NYC.
Greystone Capital Advisors arranged a $103 million bridge loan from Benefit Street Partners for Vantage Communities' 864-unit Texas multifamily portfolio.
JLL has arranged $42 million in financing for Portola Bridge Creek, a 270-unit, garden-style apartment community in Vancouver, Washington. JLL worked on behalf of the borrower, SB Real Estate Partners (SBREP), which has owned the property since 2022, to secure the five-year, fixed-rate loan through Fannie Mae. The…
Capital Group, the world’s largest active global investment manager, is adding a new office at Rudin’s 345 Park Ave. in Midtown Manhattan’s Plaza District. The firm will occupy the entire 70,400-square-foot fourth floor of 345 Park in a 10-year lease and will move in during the fall of 2027 while maintaining its…
Friedman Real Estate announced the successful onboarding and transition of a 1.2 million-square-foot portfolio of retail, office, and industrial properties throughout Illinois during the first half of 2026. This includes 290,000 square feet on Michigan Avenue, as well as properties in suburbs like Highland Park,…
Artificial intelligence-powered wealth management platform Vise is moving from SoHo to 50 Ninth Avenue in the Meatpacking District, where it will quadruple its office space to 11,949 square feet. The space spans the second floor of several combined historic townhomes along the Ninth Avenue frontage and therefore…
Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR partnered with Nvidia for an AI boost, aiming for a $500B investment.
The Hollywood power agent will take over a sizable portfolio of Broadway and West End entertainment properties.
GO Residential REIT leads $4.8B H&R REIT asset acquisition with Blackstone, Crestpoint and PSP.
Meta CEO Mark Zuckerberg announced the fund to support AI infrastructure communities and ensure sustainable development.
PRP Real Assets, a Washington, D.C.–based real estate investment management firm, has acquired 900 19th Street NW, a 116,385-square-foot office tower in the heart of the city’s Central Business District. Positioned at the corner of 19th and Eye Streets, between K Street and Pennsylvania Avenue, the corner building…
SRS Real Estate Partners completed the $14.95 million sale of a two-tenant retail property located at 540 Maple Avenue in Vienna, Virginia, about 15 miles from Washington, D.C. Built in 2019 and situated on 1.19 acres, this unique two-story property is fully occupied by Chick-fil-A on the ground floor with a…
Chicago mayor Brandon Johnson formally called for a moratorium on new data center development within city limits as lawmakers mull additional regulations on the increasingly-controversial projects. Johnson signed an executive order demanding new regulations on existing and proposed data center developments within…
Private investment firm SME Capital Ventures is handing ownership of 441 West 37th Street to the condominium board after an investigation by the New York Attorney General’s office. SME acquired the building out of foreclosure in 2023. It then failed to pay bills related to the Hudson Yards property and neglected…
Vantage Communities has secured $103 million in bridge debt to refinance a three-property, 864-unit multifamily portfolio in three cities in Texas, Commercial Observer can first report. Benefit Street Partners provided the debt, which will finance the property toward full stabilization and is structured as a…
A 170-year-old monastery in Bay Ridge, Brooklyn, has sold for $42.25 million. The Sisters of the Visitation’s 7.5-acre campus at 8902 Ridge Boulevard –– a campus behind 30-foot stone walls, with a monastery, chapel and school –– was bought by a group of Brooklyn- and Miami-based developers and investors with a…
Marcel Arsenault is making a contrarian bet on the United States office market. In fact, it’s in his company’s latest real estate fund’s name. Colorado-based Real Capital Solutions launched RCS Contrarian Office Fund, the Commercial Observer reported. The fund launched with $350 million already raised, including…
Designed by Italian studio NOA and rooted in Georgian heritage, the five-star, four-season “Caucasus Mandili” resort places a Rotana ski destination in the Caucasus within easy reach of the Gulf. Designed by Italian studio NOA and rooted in Georgian heritage, the five-star, four-season “Caucasus Mandili” resort…
Cedarwood Companies is advancing Topaz at Light Farms Way, a 272-unit multifamily community in Celina. The development will feature a mix of studio, one-bedroom and two-bedroom apartments. Residents will enjoy a clubhouse with a cybercafé, a pool with a fire pit, a fitness center, a dedicated dog park with a pet…
Francis Property Management inked a $68.7 million refinancing on three Texas multifamily communities. Northmarq’s Debt + Equity deal team led by Taylor Francis, along with David Blum, Joe Giordani, Charlie Buckingham and Matt Radich arranged the permanent fixed-rate financing for the three-property Class A…
Coastland Residential has nabbed a $84.5 million construction loan for a multifamily development near Tropical Park in southwest Miami-Dade County. The debt from PNC Bank covers the Vybe 75, which will house 366 apartments and 5,000 square feet of ground-floor retail space. The eight-story development at 4383…
The Tollway North Office Park in Plano was picked up by one California-based firm and sold by another. Los Angeles-based BH Properties purchased the seven-building campus within Legacy Business Park from Oceanside, California-based KBS. The buildings are just down the road from the new AT&T campus, and were sold…
The smells still coming from the husk of the Lineage Cold Storage warehouse, which caught fire in the Boyle Heights neighborhood of Los Angeles on June 17, defy common description. Nearly 4,000 odor complaints have been lodged with the South Coast Air Quality Management District (SCAQMD), with various descriptions…
Green Street introduced its inaugural Canadian Commercial Property Price Index to provide investors with real-time tracking of commercial real estate value trends.
A joint venture between Spitzer Enterprises and Arden Group has sealed $109.5 million of permanent financing for a newly-built multifamily tower in Jersey City, Commercial Observer can first report. Northwestern Mutual supplied the loan to retire construction debt following the lease-up and stabilization of…
A major media company is moving its advertising headquarters to Broadway. Comcast Advertising, the advertising sales and technology division of Comcast, has signed a 140,000-square-foot lease at 1540 Broadway, owned by GFP Real Estate and BDT & MSD Partners. The deal represents a relocation for Comcast from 55 West…
Real Capital Solutions is looking for $350M to buy Class-A and Class-B offices facing distress.
A former Kroger location in Hedwig Village is being transformed into a Sprouts Farmers Market. The store is currently scheduled to open in 2027. The Houston Business Journal reports construction crews are renovating the 46,268-square-foot former Kroger space at 9325 Katy Freeway in the Echo Lane shopping center.…
Mack Real Estate Group (MREG) and McCourt Partners are kicking off Phase I of an industrial project within Halo Vista, a 2,400-acre master-planned community in North Phoenix, not far from the Taiwan Semiconductor Manufacturing Company plant. Designed by Ware Malcomb, Phase I is planned to include seven buildings…
VanTrust Real Estate has begun construction on Phase 1 of 121 Commerce Park, the company’s first industrial park in McKinney. Phase 1 will include more than 512,000 square feet of Class A industrial space across two speculative buildings. Phase 1 includes Building A, totaling 242,393 square feet, and Building B,…
Illinois Realtors are set to launch a partnership program with municipal leaders aimed at confronting housing shortages. The group is calling the venture the Illinois Housing Supply Accelerator program, and it is set to function by having Illinois Realtors governmental affairs directors work with local governments…
Anthropic is angling to rival OpenAI in the race for data centers, partnering with a pair of prominent firms to ease the cost of the endeavor. The Claude company is teaming up with Macquarie Asset Management and Singaporean wealth fund GIC to form Theseus Infrastructure, Bloomberg reported. Macquarie and GIC will…
🏆New Construction: Ashton Woods and Starlight filed plans for more homes, infrastructure and an amenity center in the Carmel East development in Pflugerville, totaling $542 million. The homes and the amenity center are in phases three and four of the Carmel development. The amenity center is set to span more than…
Amazon Web Services has begun construction on a two-building, 438,500-square-foot data center campus in Gilroy, a roughly $2 billion project that advanced through entitlement under decades-old industrial zoning even as data center approvals grow harder to win across California. The post Amazon Advances $2B, 439,000…
Wismettac Asian Foods, the century-old Asian food importer and distributor, has committed to 174,578 square feet of warehouse and distribution space at BlackRock's The Crossings @ 880 in Fremont, one of the marquee Class A logistics addresses along the Interstate 880 corridor. The post Wismettac Asian Foods Leases…
A server-manufacturing unit of Taiwan's MiTAC Holdings Corp. has committed to the final three buildings at Fremont's Campus at Bayside, taking control of the entire 473,250-square-foot complex as artificial intelligence hardware demand pushes the city's industrial vacancy to roughly 2 percent. The post MiTAC Locks…
Bank of America paid $155 million for five buildings and two parking garages that it had been leasing at its Southside Boulevard operations center campus. The banking giant acquired the property from Ladder Capital of New York City. Bank of America bought about 820,000 square feet of space spanning Buildings 200,…
The community offers assisted living and memory care across 124 units
JLL Capital Markets arranges loan for community in Texas
The affordable housing development push continues in New York City. The Domain Companies has secured $175 million in construction financing to build Elara, a two-building, 429-unit mixed-income housing development in the historic Astoria neighborhood of Queens, Commercial Observer can first report. Wells Fargo…
Architecture and design firm SWA Group has signed a 5,789-square-foot lease at Olmstead Properties’ 381 Park Avenue South in Midtown South, the landlord announced Tuesday. The 10.5-year lease for the global landscape architecture, planning and urban design firm will stretch across part of the building’s 12th floor.…
Legacy Drive Village, a fully leased retail asset in one of Dallas-Fort Worth’s most affluent submarkets trades hands
The dreams of Texas’ hemp retailers are going up in smoke, leaving landlords scrambling. Nearly eight years after Congress legalized hemp-derived THC products through the 2018 Farm Bill, the Texas Supreme Court upheld a rule to restrict which of those products can be sold in the Lone Star State. The rule, which…
BROOKSHIRE, TEXAS — Local owner-operator Clay Development & Construction Inc. has broken ground on two industrial buildings totaling 552,240 square feet in Brookshire, a western suburb of Houston. The 291,720-square-foot Twinwood Distribution Center IV and the 260,520-square-foot Twinwood Distribution Center V are…
NEW YORK CITY — Affinius Capital has provided a $40.7 million construction loan for an 84-unit multifamily project in Upper Manhattan. The borrower is Haussmann Development. The site is located within a Qualified Opportunity Zone at 16–20 Convent Ave., adjacent to Columbia University’s campus, and the mixed-income…
PERTH AMBOY, N.J. — CBRE has arranged $18.4 million in financing for ≈, a 91,280-square-foot shopping center located in the Northern New Jersey community of Perth Amboy. A 60,665-square-foot ShopRite grocery store anchors the center, which was fully leased at the time of the loan closing to 15 tenants with a…
SAN ANTONIO — JLL has negotiated the sale of Union Square, a two-building, 323,949-square-foot office campus located on the north side of San Antonio. Building I was constructed in 1986 and offers 192,763 square feet across 10 floors, and Building II, which was completed in 2006, houses 131,186 square feet across…
BLUE MOUND, TEXAS — Zenith IOS (industrial outdoor storage) has purchased a 7.5-acre facility in Blue Mound, a northern suburb of Fort Worth. The property at 1151-1201 Cantrell Sansom Road consists of three buildings totaling approximately 29,300 square feet with 12 drive-through bays and four dock-high loading…
NEEDHAM, MASS. — Onyx Partners has purchased a historic building in Needham, a southwestern suburb of Boston, for its new headquarters. The regional investment and development firm will redevelop the former You-Do-It Electronics Center building at 40 Franklin St., which was completed in 1965 and closed in 2024.…
KATY, TEXAS — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a two-property industrial portfolio totaling 299,520 square feet in the western Houston suburb of Katy. Known as Heritage West and completed earlier this year, the portfolio comprises front-load buildings totaling…
JLB Partners plans to redevelop a seven-story building at 470 E. Paces Ferry Road in Buckhead Village. The Atlanta Business Chronicle reports the project consists of 314 apartments in what was once a mid-century office building. On Maple Drive, the 1960s-era office building is the longtime home of Logility Supply…