Development Site Sale Sets Carroll Gardens Pricing Record
Marcus & Millichap closed the sale of 101‑103 Luquer St. in Brooklyn’s Carroll Gardens for $5.25 million, translating to $503 per buildable square foot—a record price for the neighborhood. The 5,217‑square‑foot lot provides roughly 10,434 buildable square feet, suitable for condos, townhouses or rentals, and boasts over 50 feet of street frontage. The transaction underscores the high demand for well‑located residential development sites amid limited land supply. It signals continued upward pressure on land values across Brownstone Brooklyn.
Silverstein Secures High-Profile Leases at DTLA’s US Bank Tower
Silverstein Properties announced new leases covering 53,146 square feet at the US Bank Tower in Downtown Los Angeles. International law firm King & Spalding added 18,971 square feet, extending its stay through 2033, while Zurich North America signed a 10‑year...
Biosciences Tenant Inks Full-Building Allendale Lease
Avison Young brokered a full‑building lease of 60,215 sq ft for Regenity Biosciences at 59 Rte. 17 So. in Allendale, New Jersey. The industrial space, owned by Faropoint and listed by NAI Hanson, will serve the biotech firm’s regenerative‑technology operations. The deal underscores a recent...
126K-SF Industrial Asset in Milwaukee Acquired by Brait Capital
Brait Capital, a Minnesota‑based private equity firm, acquired a five‑building, 126,335‑square‑foot flex industrial complex in Milwaukee for $6 million. The property, located at 6601‑6669 West Mill Road, sits on a 10.05‑acre site with dock‑high and drive‑in loading doors and is positioned...
AI Firm Lovable Chooses DivcoWest’s One Lincoln for U.S. Go-to-Market Hub
Lovable, an AI‑driven platform that lets users build full‑stack apps and websites through conversational prompts, has chosen DivcoWest’s One Lincoln building in Boston’s Financial District as its U.S. go‑to‑market hub. The company will initially occupy 6,000 sq ft with the option to...
Colliers Arranges Sale of 100-Unit Multifamily Property in Minneapolis
Colliers completed the sale of Anderson Plaza Apartments, a 100‑unit multifamily community in Northeast Minneapolis. The property, family‑owned since its 1963 construction, changed hands for the first time, being acquired by Quarry Apartments LLC. At closing the building was about...
GID Residential Expands MF Development Platform With Mid-Atlantic Launch
GID Residential Partners is extending its national multifamily development platform into the Mid‑Atlantic, covering Maryland, Washington D.C., Northern Virginia and North Carolina. The expansion will be overseen by industry veteran Duncan Jones, who joins as Senior Managing Director. Jones brings 20...
Bridge Logistics Acquires Fontana Warehouse in Off-Market Deal
Bridge Logistics Properties, a unit of Bridge Investment Group, has purchased a 133,115‑square‑foot Class A distribution center in Fontana’s Inland Empire West submarket. The off‑market deal was struck at a price below current replacement costs, offering immediate acquisition upside. The warehouse,...
Goodman, DataBank Partner on 32-MW LA Data Center
DataBank and Goodman Group have formed a joint venture to develop a 32‑MW data center in Vernon, Los Angeles, slated to open in December 2026 with an initial 6 MW and full capacity by September 2027. The project is part of...
Harbor Freight Opens Second Anne Arundel County Store
Harbor Freight has signed a lease for 21,202 sq ft at Robinson Crossing in Severna Park, marking its second location in Anne Arundel County alongside an existing Glen Burnie store. The retailer joins a 115,000‑sq‑ft shopping center anchored by ALDI, Dollar Tree and other national and...
CRE Pricing Notches Up in March; Near-Term Outlook Uncertain
The Green Street Commercial Property Price Index rose 0.4% in March, bringing its 12‑month gain to 2.6% but keeping it 15.5% below the 2022 peak. Investors hoped lower rates would boost prices, yet a brief dip in 10‑year Treasury yields...
Houston’s Toyota Center Slated for $180M Makeover
The Houston Rockets announced a $180 million renovation of the Toyota Center, set to begin after the 2024‑25 season and finish by fall 2027. The overhaul will add a 20,000‑sq‑ft glass‑front atrium, fully modernize all suites, and introduce a 6,000‑sq‑ft Summit...
Bascom Adds The Ellison to Las Vegas Portfolio
The Bascom Group acquired The Ellison, a 294‑unit apartment complex in Las Vegas’ Summerlin/Spring Valley submarket, for $103 million—about $350,000 per unit. Completed in 2024, the five‑story property offers studio, one‑ and two‑bedroom layouts averaging 901 sq ft and premium amenities such as...
Sterling Buys 1.2M-SF Allen Retail Center
Sterling Organization, via a proprietary fund, purchased the 1.2‑million‑square‑foot Village at Allen retail complex in the Dallas suburb of Allen. The 109‑acre center, anchored by Best Buy, Nordstrom Rack, Target and Dick’s Sporting Goods, was 89% occupied at the time of...
BMC, Rockpoint Close $71M Loan for Denver-Area Apartments
BMC Investments and Rockpoint have secured a $71 million floating‑rate, interest‑only bridge loan from Prime Finance to fund construction of The Fillmore at Copperleaf, a 229‑unit multifamily project in Arapahoe County, Colorado. The loan was arranged by Walker & Dunlop Capital...
