Grocery-Anchored Folsom Center 90% Pre-Leased a Year Ahead of Opening
Hunter Partners reported that Alder Creek Marketplace in Folsom is now 90% leased, more than a year before its slated fall 2027 opening. The latest agreements include a 4,500‑square‑foot lease by Bank of Montreal and a 3,300‑square‑foot lease by Pacific Dental Services. The center is anchored by a Safeway grocery and fuel station, with additional tenants such as MOD Pizza, Chipotle and Jersey Mike’s already confirmed. The rapid pre‑leasing underscores strong demand for grocery‑anchored mixed‑use developments in the region.
Family Office Collective Teams with Delshah, A.M. Properties on Midtown Office Condo
REALM, together with Delshah Capital and A.M. Properties, bought the 377,000‑square‑foot CitySpire office condominium in Midtown Manhattan. The 24‑floor, 98% occupied asset was purchased at an 8.5% cap rate and has seen roughly $22 million in recent capital improvements. With no...
Hudson Valley Property Group Expands California Presence with Elk Grove Acquisition
Hudson Valley Property Group (HVPG) has purchased Mosa Apartment Homes, a newly built 387‑unit affordable multifamily community in Elk Grove, California, for $83.6 million including debt. The garden‑style development, completed in 2025, is structured under three Low‑Income Housing Tax Credit partnerships,...
Mott Haven Affordable Project Is First to Complete NYC’s New Expedited Land Use Review
The New York City Council approved the first Expedited Land‑Use Review Procedure (ELURP) application for 351 Powers Ave., a city‑owned site in the South Bronx’s Mott Haven neighborhood. The ELURP framework compresses the public review timeline to 90 days, a dramatic reduction from...
Santikos Boosting San Antonio Expansion Plans
Santikos Entertainment announced a regional expansion strategy that will rely on selling existing retail assets to finance new theater‑anchored mixed‑use projects. The company recently closed the sale of its 360,000‑square‑foot Legacy Oaks property near Loop 1604 to Rio Capital Investments. Proceeds...
Avison Young Markets Echo Park Multifamily Portfolio
Avison Young has been hired to market a newly built Class A multifamily portfolio of 190 units across three Echo Park properties in Los Angeles. The assets—Park, Vista, and Zag—are offered by Vancouver‑based developer Aragon Properties and are currently unpriced. All three buildings...
Marcus & Millichap Brokers $14M Sale, Financing of Indiana Property
Marcus & Millichap facilitated the sale of The Villas at Green Valley, an 84‑unit multifamily complex in New Albany, Indiana, for $14.1 million. The firm’s capital arm, MMCC, arranged $9.2 million in acquisition financing for the buyer, a California investor. The loan carries...
CBRE Arranges 150K-SF Lease at Fargo Industrial Park
CBRE brokered a 150,000‑sq ft long‑term lease for Horwitz, LLC in Building 4 of the Dakota Commerce Center, a 633,200‑sq ft industrial park in Fargo, ND. The lease, negotiated by CBRE’s Chance Lindsey, Kyle Ferderer and Levi Gross, filled the park’s first full‑building, single‑tenant...
Berkadia Finalizes Sale of Garden-Style Elizabeth Apartments
Berkadia closed the sale of Aberdeen Arms Apartments, a 52‑unit garden‑style multifamily building in Elizabeth, New Jersey, for $8.775 million, or $168,750 per unit. The property was fully occupied at the time of transfer and dates back to 1965, featuring ten one‑bedroom...
The NHP Foundation Acquires 218-Unit Germantown MF Property
NHP Foundation closed its purchase of the Hadley Germantown apartment complex, adding a 218‑unit affordable‑housing asset in Montgomery County, Maryland. The property, built in 1990 and last renovated in 2011, will have rent caps of 60% of area median income for...
StreetLights Converting Vintage Charlotte Theater Site to Apartments, Retail
StreetLights Residential and Eastern Federal have secured Charlotte City Council approval to redevelop the historic Regal Manor Twin Theatre site, branded as The Manor. The mixed‑use project will add 120‑130 multifamily apartments and roughly 35,000 sq ft of new retail space, supplementing...
Insignia Pursuing Embassy Row Redevelopment
Insignia LLC is advancing the redevelopment of Embassy Row, a sprawling office park in Sandy Springs, Georgia. The new phase, to be branded Embassy Row Grove, will add 111 townhomes, 1,068 apartments, 15,300 sq ft of retail and retain 159,463 sq ft of existing...
Berkadia Lines Up Construction Loan for Seachange Partners
Berkadia arranged a $15.6 million non‑recourse construction loan for Seachange Partners’ two affordable‑housing projects in Los Angeles. The five‑story developments at 1723 Corinth Ave. and 3751 Delmas Terr. will deliver a combined 79 deed‑restricted units, with construction underway and completion slated for...
Ally Bridge Relocates U.S. Headquarters to Rudin’s 560 Lexington
Ally Bridge Group, a global investment‑management firm specializing in healthcare and life‑science innovation, will relocate its U.S. headquarters to Rudin’s 560 Lexington in Manhattan. The firm signed a 10‑year, 10‑month lease for 6,440 square feet on the building’s 18th floor,...
Gould Property Co., Konterra Realty Break Ground on 400-Acre MD Project
Konterra Realty, the development arm of Gould Property Co., broke ground on the first phase of the Konterra Town Center East project in Prince George’s County, Maryland. The initial phase includes 220 townhomes called The Marais, built by Caruso Homes, and two...
Prosperity Partners Signs Full-Floor Lease at 575 Madison Ave.
Prosperity Partners, a New York‑based accounting and consulting firm, signed a full‑floor lease for the 11th floor at 575 Madison Avenue, covering 24,426 square feet. The lease was brokered by CBRE, with Newmark and Colliers representing the tenant. Prosperity will...
Haussmann Development Closes on Construction Loan for Manhattanville Mixed-Income
Haussmann Development closed a $40.75 million construction loan with Affinius Capital and Axonic Capital to fund an 84‑unit mixed‑income residential building at 16–20 Convent Ave. in Manhattanville, an Opportunity Zone adjacent to Columbia University. The project will be built under New York...
Upland Apartments’ Original Developer Divests for $48M
Institutional Property Advisors (IPA), a Marcus & Millichap unit, closed the sale of Upland Village Green, a 24‑building multifamily complex in Upland, California, for $48.5 million. The property, owned by its original developer for more than four decades, offers strong cash...
Brown Commercial Secures Lease for Developer Cratos Industrial
Illinois Tool Works (ITW) has leased a 60,050‑sq‑ft industrial building in Bartlett, Illinois, at Blue Heron Business Park. The space, owned by developer Cratos Industrial and brokered by Brown Commercial Group, offers 32‑foot clear‑height ceilings, 36 truck docks and three...
Hollywood Multifamily Sale Reaches Three-Year High in Pricing
Colliers brokered the sale of Sophia Hollywood, a 28‑unit Class A multifamily complex in Los Angeles, for approximately $16 million—about $571,000 per unit, the highest price per unit in Hollywood in over three years. The property’s newer construction, condominium‑quality design, and larger floor...
Chicago-Based Stotan Industrial Launches NASA Causeway Logistics Center in Florida
Stotan Industrial, together with CrossHarbor Capital Partners, has closed on a 28.63‑acre parcel in Titusville, Florida, to build the NASA Causeway Logistics Center. The project will comprise two industrial buildings totaling 306,980 square feet, positioned just five miles from Kennedy...
Colliers Completes Sale of 321K-SF Kansas City Office Building
Colliers finalized the sale of 2323 Grand Boulevard, a 321,000‑square‑foot, 11‑story office tower in Kansas City’s Crown Center sub‑market. The property, built in 1985 and owned by Stanton Road Capital since 2017, was sold to Crain Company, a Wichita‑based multifamily...
Quantum Space to Build New Production Facility in Tulsa
Quantum Space, a builder of advanced maneuverable spacecraft for defense and commercial use, will open a new manufacturing facility in Tulsa, Oklahoma. The plant will focus on large propulsion tank production and precision spacecraft parts, initially occupying 25,000‑40,000 square feet...
DAUM Arranges Industrial Outdoor Storage Lease in Rialto
DAUM Commercial Real Estate Services brokered a lease for a 5.18‑acre industrial outdoor storage (IOS) site in Rialto, California. The property offers roughly 225,640 sq ft of IOS space zoned for general manufacturing and is owned by Stockbridge Capital Group. The tenant...
Three Trends Shaping the Multifamily Outlook
Over the past five years builders added 2.1 million multifamily units, expanding the stock by 11.2%. The Sun Belt alone contributed a 17.9% increase in apartment inventory, now facing a supply glut that pushed vacancy rates to 6.3% and cut construction...
Retail Q1: Low Availability and Construction Slow Absorption
Q1 2026 retail reports show negative net absorption across most firms, with only CBRE indicating a modest gain. Construction delivered a net 5.2 million square feet of space after accounting for 2.6 million square feet of demolitions, tightening overall availability. Demand remains...
JLL Closes Industrial Portfolio Sale to Two Separate Buyers
JLL Capital Markets closed Project Bronco, a 365,774‑square‑foot industrial portfolio spanning Los Angeles’ San Gabriel Valley and Orange County. The five‑asset package was marketed by JLL and ultimately divided between two buyers, EQT Real Estate and Berkeley Partners, in separate closings. Transaction...
California People and Company News, Week of May 15, 2026
California’s commercial real‑estate landscape saw a flurry of senior appointments and technology rollouts this week. Marcus & Millichap hired Michael Puline, a former Blackstone portfolio leader, to steer its national retail advisory. Gantry elevated Alicia Sabanero in Los Angeles, while Transwestern...
Twin Cities Retail Plaza Adds to Retail Tenant Lineup
Rosedale Center, a 1.14‑million‑square‑foot mall between Minneapolis and St. Paul, announced a wave of new tenants. Abercrombie & Fitch will debut a 5,500‑sq ft store this summer, while Hammer Made is set to open a 576‑sq ft boutique later this month. Swarovski recently...
RCLCO Fund Advisors Teams with Pension Fund for SFR Investments
RCLCO Fund Advisors (RFA) has created a joint venture with a Top 50 domestic pension fund to target purpose‑built single‑family rental (SFR) communities. The partnership’s first deal closed on an 82‑home detached residential community and sets a template for future investments...
Mapletree Acquires Central NJ Land for 953K-SF Logistics Development
Mapletree Investments has purchased a 96.8‑acre parcel in Manalapan, New Jersey to build a 952,720‑square‑foot logistics campus slated for completion in the first quarter of 2028. The development will consist of two warehouses—300,220 sq ft and 652,500 sq ft—with 40‑foot clear heights, 172 dock...
Greystar, Haseko Break Ground on Mixed-Income Needham Apartments
Greystar and Haseko North America have broken ground on a 189‑unit mixed‑income apartment complex at 100 West Street in Needham, Massachusetts. The development includes 24 affordable units and is one of the largest projects approved under the state’s Section 3A MBTA...
SURMOUNT Facilitates $12M Net Lease Transaction of Kentucky FedEx Ground Facility
SURMOUNT arranged the sale of an 82,754‑square‑foot FedEx Ground distribution center in Paducah, Kentucky. After a 17‑year hold, the private investor monetized the asset at $144 per square foot, roughly $12 million, following a newly signed 10‑year lease extension with FedEx....
Alterra IOS Picks Up 5 Colorado Sites
Alterra IOS acquired five industrial outdoor storage (IOS) sites in Colorado, adding 36.4 usable acres and 128,200 sq ft of e‑warehouse space. The properties include three locations in Denver and two in Colorado Springs, bringing Alterra’s Colorado portfolio to 14 sites covering...
Empire Group Brings On SimonCRE to Oversee Carefree Retail Center Venture
Empire Group of Companies has replaced Diversified Partners with SimonCRE to manage the Carefree Quarter retail center in Arizona. The 120,000‑square‑foot project, costing about $60 million, will feature a 30,000‑sq‑ft grocery anchor, a 16,000‑sq‑ft annex, three shops and eight pad buildings....
$103M Financing Supports Ontario Airport Hotel Repositioning
GreenRock Capital closed a $103 million financing package for the Ontario Airport Hotel and Conference Center, owned by National CORE, to convert it into a Hyatt Regency. The deal blends $26 million in tax‑exempt C‑PACE bonds with $77 million in tax‑exempt mortgage revenue bonds,...
Redfearn Lands Refi on 8-Building Jax Warehouse Facility
Redfearn Capital secured a $48 million refinancing package from Prospect Ridge for an eight‑building industrial portfolio in the Jacksonville area. The assets range from 7,000 to 70,000 square feet and sit near Interstates 95, 10 and 295, offering direct access to Jaxport and Jacksonville...
IPA Arranges First 50-Unit-Plus Encino Multifamily Sale Since 2017
Institutional Property Advisors arranged the sale of Park Encino, a 52‑unit apartment complex in Los Angeles’ Encino neighborhood, for $28 million ($538,462 per unit). The deal marks the first institutional‑sized multifamily transaction of 50 plus units in Encino since 2017. IPA also secured...
Using Automation to Win Deals: Q&A with Henry AI’s Sammy Greenwall
Henry AI, founded in 2024 by Sammy Greenwall and Adam Pratt, offers an AI copilot that transforms raw commercial‑real‑estate data into polished deal decks within hours. The tool has quickly become a daily asset for top CRE brokers, cutting pre‑pitch...
Indianapolis-Based Ambrose Executes 190K Square Feet of Industrial Leases in Several States
Indianapolis‑based developer Ambrose announced three new industrial leases covering more than 190,000 sq ft across Denver, Cincinnati and Orlando. Sky Café secured 16,640 sq ft at Denver’s Ascent Commerce Center, OSH Cut took 69,659 sq ft in Cincinnati Logistics Park‑Airport West, and a confidential Fortune 500 tech subsidiary leased...
Anaheim Industrial Outdoor Storage Site Secures Bridge Loan
JLL Capital Markets arranged a $26 million bridge loan for a 7.75‑acre industrial outdoor storage facility at 1477 N. Jefferson St., Anaheim. The non‑recourse, three‑year floating‑rate loan was secured for North Palisade Partners. The Class A property, 337,590 sq ft, is fully leased to a...
QuikTrip Expanding Chicago Footprint with Three New Locations
QuikTrip Corp., the Tulsa‑based gasoline and convenience‑store chain, opened a 7,300‑square‑foot Remote Travel Center in Minooka, Illinois, marking its latest move in the Chicagoland market. The company also announced two additional sites—a 5,300‑square‑foot store in Bridgeview and a 7,300‑square‑foot location...
Sterling Realty Organization Appoints Executive Board Chairman, Names New President
Sterling Realty Organization (SRO) announced a leadership overhaul, moving President Tom Gilchrist to executive chairman and appointing Matthew Skager as the new president. The transition follows the retirement of longtime chairman David Schooler, who led the firm for over two decades....
Woodfield Delivers 360-Unit San Marcos Apartments
Woodfield Development has completed Strait & Nelson, a 360‑unit apartment community in San Marcos, Texas, positioned midway between Austin and San Antonio. The complex offers one‑, two‑ and three‑bedroom units ranging from 719 to 1,387 sq ft, with one‑bedroom rents starting around $1,300 per...
Prime Data Centers Breaks Ground on Second Sacramento Facility
Prime Data Centers has broken ground on SMF02, a 150,000‑square‑foot data center in Sacramento that will provide 18 megawatts of critical IT load. The new facility expands the company’s existing SMF01 campus, reinforcing its presence in California’s growing tech corridor. SMF02...
Pharma Company Planning $280M Denton Plant
Novartis broke ground on a new 46,000‑square‑foot manufacturing facility in Denton, Texas, investing roughly $280 million. The plant will specialize in producing radioligand therapy drugs, a targeted radiation treatment for advanced cancers. Scheduled to open in 2028, it will be Novartis’s...
California People and Company News, Week of May 8, 2026
Alexandria Real Estate Equities’ founder Joel S. Marcus was honored with the Richard J. Bolte Sr. Award, highlighting leadership in chemical and molecular life sciences. RSG 3‑D announced a two‑person advisory board featuring veteran real‑estate executive Ken Hubbard and climate‑resilience entrepreneur...
Newmark Represents Anheuser-Busch in $360M Sale of Former Newark Complex
Newmark Group acted as exclusive advisor to Anheuser‑Busch in the $360 million sale of its former Newark, New Jersey, brewery complex to Goodman Group. The 86‑acre site includes more than 1.7 million square feet of existing structures, making it one of the largest...
Kennedy Wilson Hires Colliers to Lease Downtown Oakland Office Tower
Kennedy Wilson has hired Colliers International to lead the exclusive leasing of 601 City Center, a 24‑story, 607,000‑square‑foot Class A office tower in downtown Oakland. The tower, built in 2019, is the city’s first new high‑rise office building in about a decade...
Chicago/Midwest People & Company News, Week of May 8, 2026
McHugh Construction hired veteran construction attorney Alec Miller as general counsel, overseeing legal, risk and compliance functions. JLL promoted Jeff Lepley to senior managing director of its Minneapolis capital markets team and added Brandon Keesee while promoting Michael Martin to...