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 Goodman’s $12.4 billion pipeline of industrial and low‑latency data centers worldwide. DataBank will operate the facility, its second L.A. site, leveraging its network of over 2,500 enterprise customers. The partners intend to replicate the model in other capacity‑constrained U.S. markets.
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...
Financing Secured for Miami’s Casa Cipriani
13th Floor Investments and Midtown Equities have secured $105 million in financing to develop Casa Cipriani, a 19‑story condo‑hotel in Miami’s Mid‑Beach district. The project will feature 23 residential units and 36 hotel rooms on a 1.1‑acre site purchased for $73 million. BH3...
Northwood Ravin Adding to Charlotte’s Providence Row
Northwood Ravin is expanding its Providence Row development in Charlotte with a new phase that will add 144 apartment units and 26 townhomes. The addition will raise the total rental inventory across the site to 829 units, complementing the 326‑unit...
LIC Parcel Trades to Developer at Full Price
Marcus & Millichap closed the sale of a 5,000‑square‑foot corner lot at 28‑04 41st Ave. in Long Island City for the full asking price of $9.375 million. The buyer, Jade Century Properties, will develop up to 30,000 sq ft of residential, commercial or mixed‑use space under...
Ellis Realty Repositions Hingham Offices as South Shore Business Hub
Ellis Realty Advisors will move its headquarters to the former 4 Pond Park office building in Hingham, Massachusetts, a property it bought in November 2025. The firm plans a nine‑month build‑out to transform the vacant space into a business‑growth ecosystem for the South...
Western Alliance Provides $78M Financing for Low-Income Housing in Mission District
Western Alliance Bank is committing $77.9 million in construction financing and Low‑Income Housing Tax Credit equity to The Marvel, a 400‑unit permanent supportive housing project in San Francisco’s Mission District. The development, the city’s largest affordable‑housing effort in the area, will break...
On Location Signs DTLA’s Largest New Office Lease Since 2024
On Location LA signed a 108,272‑square‑foot lease at 445 S. Figueroa St., occupying six floors as its Los Angeles headquarters. The deal, facilitated by CBRE for landlord Washington Capital, is the largest new office lease in downtown LA since Q4 2024. The space will serve as a...
Living Proof Leases Entire Floor at Brick-and-Beam Property in Seaport District
Life sciences company Living Proof has leased the entire fifth floor—14,085 square feet—of the GENESIS 12 Farnsworth building in Boston’s Seaport District. The space combines office and laboratory facilities and replaces the company’s previous location in the Innovation & Design Building. The...
AI Tenants Double Their NYC Leasing Activity Year Over Year
AI companies are leasing New York office space at twice last year's pace, according to JLL, with leasing volume through March already representing half of the projected full‑year 2025 total. The average lease size jumped from 16,600 to 34,500 square...
Associated Bank Finalizes $33M Loan for Wisconsin Multifamily Project
Associated Bank completed a $32.75 million loan to Toonen, Inc. for the Strata Apartments multifamily project in Grand Chute, Wisconsin. The development will feature 25 low‑rise buildings and 236 rental units on a 30.32‑acre site. Construction is underway with a target completion...
Gibraltar Tower in Seattle Trades for Conversion to Lofts
Gibraltar Tower, a historic 1910 seven‑story office building in Seattle’s Pike‑Pine Corridor, sold for $2.75 million. The 41,705‑square‑foot property, located across from Westlake Station, was brokered by Lee & Associates for HCP Properties. Buyer Parnassus LLC intends to convert the structure...
Historic Post Office in Bend Redeveloped Into Boutique Hotel
The historic 1930s United States Post Office in downtown Bend has been transformed into The Westman, a 23‑room boutique hotel. The adaptive‑reuse project retained original features such as 175,000 bricks, terrazzo flooring and 44 windows, blending preservation with modern comforts....
Colliers Completes 157K-SF Industrial Lease in Northeast Philadelphia
Colliers arranged a long‑term lease extension of roughly 157,000 square feet at 9901 Blue Grass Road in Northeast Philadelphia. The agreement, between landlord Brickman and tenant KRG Enterprises, secures space for a custom‑millwork designer that blends manufacturing and distribution functions....
NRP Group, MHCDO Break Ground on 109-Unit MF Project DC
The Waymark, a 109‑unit mixed‑income apartment building, broke ground in Washington, D.C.’s Ward 7, just a block from Benning Road Metro. The transit‑oriented project blends market‑rate and subsidized units in a nine‑story structure, addressing the city’s inclusionary housing goals. Financing combines...
IRG Secures 1.4M-SK Hyundai Translead Lease in Joliet
Industrial Realty Group (IRG) has signed a long‑term lease with Hyundai Translead for 1.38 million square feet at the former Caterpillar plant in Joliet, Illinois. The agreement, overseen by IRG senior vice president Onno Steger, also includes a second Will County...
Denver Grocer to Take Former Lowe’s Site
Kroger’s King Soopers brand is acquiring the former Lowe’s property at 1171 Dillon St. in Louisville for $22.6 million. The retailer will develop a 122,000‑square‑foot Marketplace store featuring pickup, delivery, a drive‑thru pharmacy and a fuel center. The site, bought from DRA...
Hopewell Offloads Building I of Irving Warehouse Project
Colliers brokered the sale of Building I, a 69,363‑square‑foot warehouse at TriStar Business Park in Irving, for roughly $16 million. The transaction involved Hopewell Development as seller and GEO Plastics as buyer, while Newmark arranged the joint‑venture equity placement. Building II, at 104,520 sq ft,...
800K-SF Anna Development Taking Shape
Rosamond Crossing, an 800,000‑square‑foot retail complex in Anna, Texas, is nearing completion on its first phase. The Seitz Group and Big V Property Group are developing the site at the intersection of Rosamond Parkway and U.S. Highway 75, with Kroger constructing...
Mesa Okays 62-Unit Affordable Sr. Housing Project
The City of Mesa approved a ground lease with Commonwealth Development to build The Helix, a 62‑unit affordable senior housing project at 37 W. University Dr. The development is budgeted at roughly $18 million and will provide one‑ and two‑bedroom apartments for low‑income...
Florida People & Companies, April 10, 2026
The Astor Companies announced the launch of condominium sales for Havana Enclave, a 179‑unit project in Miami’s Little Havana, now slated for completion at the end of 2026. Marcus & Millichap brokered the sale of Citi Centre, a 46,324‑sq‑ft office...
Temple Battery Plant Moving Ahead on $110 Million Expansion
East Penn Manufacturing is allocating $110 million to expand its Temple, Texas battery plant. The 175,000‑square‑foot addition will increase the facility’s total size to 568,000 sq ft and raise AGM SLI battery finishing capacity by at least three million units annually. Construction is...
N. Carolina Greenlights Two Hospital Projects Worth over $500M
North Carolina’s Department of Health and Human Services approved two major hospital projects near Asheville, totaling over $500 million. Mission Hospital will add up to 95 acute‑care beds, raising its capacity to 828, with an estimated cost of more than $198 million...
Venture Capital Firm Signs SoHo Lease for NYC Headquarters
Venture‑capital firm TQ Ventures has signed a 10‑year lease for the entire seventh floor at 96 Spring St., SoHo, adding 7,415 sq ft of office space. The lease, brokered by Savills and Newmark, represents a 70 % increase over TQ’s prior New York footprint and will...
Report: Penn Station Submarket Emerges as Dynamic Office Destination
Manhattan’s Penn Station submarket has become a leading office destination, driven by extensive renovations and new high‑end developments. Between 2023 and 2025, over 3.5 million square feet of office space relocated there, representing roughly a quarter of all Manhattan moves. The...
Mata Construction Completes Wedbush Headquarters in Pasadena
Mata Construction Services has completed a new 20,000‑square‑foot headquarters for Wedbush on the Pasarroyo campus in Pasadena’s South Lake district. The two‑floor tenant improvement, designed by global firm HLW, incorporates executive boardrooms, an active traders’ area, a dedicated podcast studio,...
Multi-Story Warehouse Sale Sets Pricing Benchmark for LIC
Marcus & Millichap closed the sale of 43-10 21st St., a two‑story, 40,400‑sq‑ft warehouse in Long Island City, for $14.5 million, or $359 per square foot. The price markedly exceeds recent comparable trades that hovered in the low $200s per square...
E.V. Bishoff Company Expands Cincinnati Presence with Office Acquisition
E.V. Bishoff Company has purchased the 125,000‑square‑foot 30 Merchant Street building in northern Cincinnati, expanding its regional footprint. The acquisition follows recent buys of the Triangle Park Campus in Sharonville and the historic Shakely Building, now Princeton Hill. Bishoff plans a redevelopment...
Melvin Mark Investors Acquire Office Building in Downtown Portland
Melvin Mark Investors has purchased 200 SW Market Street, a 19‑story, 400,000‑square‑foot office tower in downtown Portland. The deal brings Jeff Swickard of Swickard Group on board as a joint‑venture partner alongside local investors. Melvin Mark Brokerage will handle leasing and property management,...
Mid Atlantic Port Services Acquires Industrial Warehouse in Maryland
Mid Atlantic Port Services purchased a 30,253‑square‑foot industrial warehouse at 6101 E. Lombard Street in Baltimore for $5.7 million. The seller, Pastore’s Inc., transferred its manufacturing and logistics operations after being acquired by Saval Foods. The buyer plans to relocate from its leased...
Worldwide Logistics Leases 450K SF in Sayreville
Trammell Crow Company and CBRE Investment Management brokered two major leases at the Arsenal Trade Center in Sayreville, New Jersey. Worldwide Logistics USA LLC signed a 451,916‑square‑foot lease for the entire Building 3, with occupancy slated for May 1, while Nekteck, Inc....
Tax-Exempt Bond Helps Finance New Seniors Housing in Lynn
MassDevelopment issued a $29 million tax‑exempt bond for 2Life Solimine 4% LLC to finance the construction of 105 of 150 senior‑housing units in Lynn, Massachusetts. The bond was bought by Citizens Bank, while the Massachusetts Executive Office of Housing and Livable...
AFIRE’s Gunnar Branson: U.S. CRE Continues to Be Seen as Safest Investment (VIDEO)
Gunnar Branson, CEO of Afire, told Connect CRE’s new podcast that U.S. commercial real estate (CRE) remains the safest global investment despite rising geopolitical tensions. European investors, while frustrated by recent tariffs, continue to allocate capital to the United States....
Innolabs in LIC Reaches Full Occupancy with Rover Diagnostics Lease
Innolabs in Long Island City reached full occupancy after signing a 15,763‑square‑foot lease with Rover Diagnostics, a point‑of‑care PCR diagnostics company focused on women’s health. The lease secures a ground‑floor, pre‑built lab suite within the 267,000‑square‑foot facility. King Street Properties...
RPG Sells Rivian-Leased Industrial in Vista
RAF Pacifica Group (RPG) has completed the sale of a 59,828‑square‑foot industrial building in Vista that is fully leased to electric‑vehicle maker Rivian Automotive. The transaction, brokered by Cushman & Wakefield and partnered with CenterSquare Investment Management, disclosed no price terms. RPG...
Cushman & Wakefield Tapped to Market Large-Scale Site on Yonkers Waterfront
Cushman & Wakefield has been hired by American Sugar Refining to market the sale of The Refinery District, a 33‑acre waterfront site at 1 Federal Street in Yonkers. The parcel offers up to 2,650 residential units and roughly 2.6 million square feet...
Merrimack Premium Outlets Adds Three New Tenants
Simon’s Merrimack Premium Outlets in New Hampshire announced three new tenants: Feng’s Chopsticks, which has already opened, Naughty Waffle, slated for later this month, and Hyperclaw Arena, set to debut on Memorial Day weekend. The additions expand the center’s dining...
Colliers Team Brings Sacramento Deal Across the Finish Line
Colliers' Sacramento Multifamily Team closed a $16 million sale of the 100‑unit 2850 Cottage Way apartment complex. The deal was priced at a 6.53% cap rate and involved a buyer executing a 1031 exchange. The team navigated hurdles including the seller’s...
California Bill Could Require Apartment Developers to Fund Grocery Construction
California’s AB 1674 would force developers of new apartments, townhomes, condos and mobile home parks to preserve or fund grocery‑store space when projects threaten food‑desert areas. The bill requires local governments to assess a development’s impact on grocery‑store capacity within a...
CRE Trends Amid Demographic Shifts and Geopolitical Tensions
Cushman & Wakefield’s latest Market Matters report links slowing U.S. population growth and modest job losses to softer demand for multifamily and office space, while noting that recent CRE transaction volume and debt liquidity remain resilient. Energy price volatility from...
Pumps and Property: Global Oil Tensions Could Cloud Housing
Rising tensions with Iran have driven global oil prices higher, pushing gasoline costs up and stoking inflation concerns. In the United States, mortgage rates climbed to a six‑month peak of 6.57% for a 30‑year fixed loan, while existing‑home inventory reached...
Self-Storage: Resilient Sector Recovers From ’20-’21 Oversupply
The self‑storage sector remains resilient despite a sluggish housing market, maintaining national occupancy near 93% and modest rent growth of 2‑4% annually. New construction has sharply declined, falling to 59 million square feet in 2025 from a 2020 peak of 79.2 million,...
Oil Price Increases Vs. Cap Rates
CBRE notes that the recent jump in Brent crude from about $70 to $115 per barrel has a modest direct effect on commercial real‑estate cap rates, but indirect pressures are mounting. Higher energy costs threaten tenant margins and could dampen...
Harbor Group’s 55 Broadway Draws Tenants From Planned Resi Conversions
CBRE finalized 77,000 square feet of office leases at 55 Broadway over the past six months, adding AFS Intercultural Programs, Argus Research Group, Axon Health and Meaden & Moore as new occupants. Existing tenants such as Summit Management and 1000 Heads also renewed and...
MBK Rental Living Opens Doors to Santa Maria Project
MBK Rental Living announced that leasing has begun at Las Brisas, a new 340‑unit luxury apartment community in Santa Maria, California. The development offers one‑, two‑ and three‑bedroom units ranging from 739 to 1,295 square feet. Residents can access a resort‑style...
