Marcus & Millichap Sells Minnesota Apartments in 1031 Exchange
Marcus & Millichap brokered the sale of Falcon View Apartments, a 36‑unit multifamily asset in Falcon Heights, Minnesota, for $5.09 million through a 1031 exchange. The property sits on 1.56 acres adjacent to the University of Minnesota’s St. Paul campus and features renovated interiors, larger units, and solid rents. Investment specialists Michael Jacobs, Abe Roberts and Tommy Hartwell handled the exclusive listing for a local ownership group. The transaction underscores continued investor interest in the Falcon Heights submarket despite broader market headwinds.
399K-SF McAllen Shopping Center Trades for $81.6M
CTO Realty Growth purchased the Palms Crossing Shopping Center in McAllen for $81.6 million, adding 399,000 sq ft of retail space on a 47‑acre site. The center, anchored by Best Buy, Hobby Lobby and Barnes & Noble, was 98% leased at the time of the deal. CTO...
TCC Executes Full-Building Lease at Washington Industrial Park
Trammell Crow Company (TCC) has finalized a full‑building lease for the 276,092‑square‑foot East Building at Woodland Industrial Park in Woodland, Washington. The park, located two miles from Interstate 5 and 22 miles north of Portland, is a speculative 931,186‑square‑foot development that is...
Town Lane, Gillon Acquire 460K-SF Allen Retail Center
Town Lane and Gillon Property Group have acquired Watters Creek Village, a 460,000‑square‑foot mixed‑use center in Allen, Texas. The purchase, financed with debt from an Ares Real Estate fund, includes 360,000 sf of retail anchored by a Market Street grocery and...
American Ventures to Get Moving on $250M Elgin Development
American Ventures is moving forward with Elgin Commons, a $250 million mixed‑use project on 46 acres in Elgin, Illinois. The development will feature roughly 300,000 sq ft of retail space, a 125‑key hotel, and anchor tenants including a national breakfast chain, an automotive...
Hasbro to Relocate LA Teams to West Hollywood
Hasbro has secured a long‑term lease for 31,435 square feet in the historic Formosa West building at The Lot at Formosa in West Hollywood. The company will occupy the third floor and part of the fourth floor, with move‑in planned...
Longtime Pharma Tenant Renews Norwood Lease
Corbus Pharmaceuticals has renewed its lease for 36,471 sq ft at 500 River Ridge Drive in Norwood, Massachusetts. The renewal, brokered by Colliers with JLL representing the landlord, extends the biotech firm’s presence in the River Ridge Office Park after more than a...
NY State Seeks Community Input for Aqueduct Racetrack Redevelopment
The Hochul administration, through Empire State Development, has launched a community‑engagement process to reimagine the 100‑acre state‑owned Aqueduct Racetrack in Queens. Starting this month, ESD will host an in‑person workshop on May 12 at John Adams High School and a virtual...
Grand Peaks Sells Miami-Area Apartments for $65.5M
Grand Peaks Properties sold the 264‑unit Cascade at the Hammocks complex in West Kendall for $65.5 million to Bowery Properties. The deal included Bowery assuming a $40.58 million CMBS‑backed mortgage from JPMorgan Chase, pricing the transaction at roughly $248,106 per unit. The...
Boring Company Announces Nashville Stations
The Boring Company secured its first residential station agreement for the Music City Loop, placing a tunnel entry in the parking garage of Tony Giarratana’s Prime tower at 805 Church St. Residents of the Prime, Alcove and upcoming Paramount towers...
Kennedy Wilson’s Mac Bernie Sees Deal Market Become Increasingly Competitive
Kennedy Wilson’s debt investment team, led by managing director Mac Bernie, reports a shift from refinancing toward more multifamily acquisitions, with sales now matching take‑outs and bridge financing. The firm originates roughly $3.5 billion of senior non‑recourse construction debt annually and...
Cushman & Wakefield Arranges Refi for South Bronx Class A Multifamily
Cushman & Wakefield arranged a $26.35 million two‑year fixed‑rate loan for JCAL Development Group to refinance The Bridgeline, a 91‑unit Class A multifamily building in the South Bronx. Webster Bank supplied the financing, attracted by the property’s transit‑oriented location and strong occupancy. The...
Greenstone Partners Brokers Sale of Skokie Retail Center
Greenstone Partners arranged the sale of Gross Point Crossing, a 19,000‑square‑foot suburban retail center in Skokie, Illinois, for $3.875 million. The Chicago‑based seller was represented by Brewster Hague and AJ Patel, while the buyer is an Ohio‑based private real‑estate investment firm....
Owner/User Acquires Corona Drive-Thru Restaurant
Progressive Real Estate Partners completed a $2.45 million sale of a 2,230‑sq‑ft free‑standing drive‑thru restaurant building at 4330 Green River Rd., Corona. The buyer, a private investor, will open a Troy’s Burgers location in the coming months. The transaction employed seller‑carry...
Williamsburg Mixed-Use Secures $72M Construction Loan
Lorimer Capital closed a $72 million construction loan for 83 Wythe Ave., a 13‑story, 187,000‑square‑foot mixed‑use tower in Williamsburg, Brooklyn. The development, led by Double U Development, already has about 71,000 sq ft pre‑leased to Life Time, Inc., with the remaining space slated for retail, medical offices,...
Walker & Dunlop Arranges $55M for Ohio Mixed-Use Development
Walker & Dunlop arranged a $55.16 million floating‑rate, interest‑only construction loan for Phase I of the Belle Oaks Marketplace redevelopment in Richmond Heights, Ohio. The financing, sourced from Genesis Capital on behalf of DealPoint Merrill, will fund 181 multifamily units across two buildings. The...
Bellevue Approves Move to Build, Preserve 5,700 Affordable Housing Units
The Bellevue City Council approved more than $37 million in funding, the largest single affordable‑housing allocation in the city’s history. The money will launch two new developments later this year and support four projects that add 271 affordable units in Bellevue...
Albion Residential Completes Construction on Luxury Apartments in Pittsburgh
Albion Residential has finished construction and opened Albion Lawrenceville, a six‑story luxury apartment complex in Upper Lawrenceville, Pittsburgh. The development comprises 267 units ranging from 475‑sq‑ft studios to 1,300‑sq‑ft two‑bedrooms, plus 5,700 sq ft of ground‑floor retail and a restored historic firehouse....
46K-SF Self-Store Property in Fort Wayne Trades Hands
Marcus & Millichap brokered the sale of The Storage Place, a 45,950‑square‑foot self‑storage facility in Fort Wayne, Indiana. The property, sitting on four acres with 423 non‑climate‑controlled units and 36 outdoor parking spaces, was purchased by two Indiana‑based LLCs. The...
Coral Charge Brings Solar Power to EV Chargers
Los Angeles startup Coral Charge, founded in 2022, builds off‑grid DC fast‑charging stations that draw electricity directly from on‑site solar arrays. Its modular cabinet combines solar panels, battery storage and a charger, delivering near‑zero electricity cost for the next two...
Dwight Capital Arranges HUD 223(f) Loan for Harlem Luxury High-Rise
Dwight Capital closed a $114 million HUD 223(f) refinance for 224 W 124th St., a 168‑unit luxury high‑rise in Harlem. The loan will retire a $105 million bridge loan, cover closing costs and fund a replacement reserve. The building includes 51 units reserved for residents...
Skender Completes Office Interior Construction Projects in Indianapolis
Skender, acting as general contractor, finished common‑area upgrades and four office buildouts at the 1.1 million‑sq‑ft Keystone Crossing office park in Indianapolis, totaling 57,000 sq ft of new space. The work includes a 15,000‑sq‑ft gut remodel for WestPoint Financial Group, a 7,000‑sq‑ft buildout...
Logistics Firm Signs for 156K SF with CIM Group
Columbia Container Lines (CCL) signed a 68‑month lease for a 156,096‑square‑foot industrial campus in Fullerton, valued at over $13.6 million. The move, brokered by The Klabin Company and CIM Group’s CBRE representatives, shifts CCL from Gardena to a larger, purpose‑built facility....
PVOLVE Signs 10-Year Lease for First Philadelphia-Area Fitness Studio
Silverstein Properties and Arden Group have signed a 10‑year lease with PVOLVE for its first Philadelphia‑area fitness studio at 1735 Market Street. The 2,086‑sq‑ft studio will open in late 2026 in the 54‑story tower, which is 90% leased and recently...
Ariel Markets Longtime Brooklyn Bar Association Headquarters
Ariel Property Advisors has been hired to market 123 Remsen St., a French Second Empire building in Brooklyn Heights, for $12 million. The 14,000‑sq‑ft, four‑story structure served as the Brooklyn Bar Association headquarters for over a century and is now listed for the...
IPA Capital Markets Arranges $116M Construction Financing for PNW Industrial Property
IPA Capital Markets, the financing arm of Marcus & Millichap, arranged a $116.52 million construction loan for a 1.4‑million‑square‑foot industrial development in the Pacific Northwest. The loan provides 95% loan‑to‑cost financing at a five‑year fixed rate of 5.28%, with yield‑maintenance prepayment terms...
Brixton Capital Adds Escondido Shopping Center in Off-Market Deal
Brixton Capital, a vertically integrated retail and multifamily operator, purchased the 89,252‑square‑foot Escondido Gateway shopping center for $28 million in an off‑market deal. The center, built in 2003, is 96.8% occupied and requires little immediate capital investment. The acquisition expands Brixton’s...
Vineyard Park Senior Living Acquires Property in Seattle’s First Hill Neighborhood
Vineyard Park Senior Living announced the acquisition of the Truewood First Hill senior‑housing community in Seattle, which will be rebranded as Union Grand. The move adds a new property in the First Hill neighborhood, known for its proximity to hospitals,...
TradeLane Pays $30M For 584K-SF Warehouse in Montgomery
TradeLane Properties acquired a 584,000‑square‑foot warehouse in Montgomery, Illinois for $30.1 million, expanding its footprint in the Chicago industrial market. The 1974‑built facility sits near Interstate 88 and is currently 49% occupied, offering 30‑foot clear heights, 55 dock‑high doors, and extensive parking....
Frisco’s $1.5B Firefly Park Taking Shape
Wilks Development’s $1.5 billion Firefly Park mixed‑use project in north Frisco is moving forward, with Phase 1 slated for completion between late 2027 and early 2028. The first phase will add 120,000 sq ft of retail, 170,000 sq ft of Class A office, 233 high‑rise apartments, 187...
Vacant Jamaica Plain Church to Be Repurposed Into Mixed-Use Project
Pennrose and the Hyde Square Task Force broke ground on the Blessed Sacrament redevelopment, converting a vacant 1913 historic church in Boston’s Jamaica Plain into a mixed‑use, mixed‑income community slated for completion by the end of 2027. The project will...
NYC Comptroller Raises Questions About Pied-a-Terre Tax’s Revenue Potential
New York City’s Comptroller Mark Levine warned that the mayor’s proposed pied‑a‑terre tax, aimed at owners of luxury secondary residences, could generate over $500 million a year but might fall short by as much as one‑third. The levy would apply to...
229-Unit Tempe Apartments to Open in September
Greenlight Communities is set to complete Cabana Kyrene, a 229‑unit workforce multifamily complex in South Tempe, by September. The development, Greenlight’s first in the city, occupies nearly eight acres and features six three‑story buildings with studio, one‑ and two‑bedroom units....
Walmart Commits to 176K-SF Santa Rita Ranch Location
Walmart will break ground next month on a 176,000‑square‑foot Supercenter and distribution hub at the Santa Rita Ranch Center in Liberty Hill, Texas. The retailer recently bought the anchor parcel, and the facility is slated to open in fall 2027....
Foreign Direct Investment Adds 33K Jobs Across California
Foreign direct investment in California rose in 2025, with 19,717 foreign‑owned enterprises supporting 847,245 jobs and paying roughly $96.2 billion in wages. The sector added 33,143 jobs compared with the previous year. Japan reclaimed the top spot, backing 130,008 jobs across...
Cousins Offloading 30-Story Austin Tower
Cousins Properties is putting its 30‑story One Eleven Congress tower up for sale. The 503,344‑sq‑ft building, the seventh‑largest office tower in Austin, was 84% leased as of June 2025 and hosts the popular Fareground food hall. Cousins, the fourth‑largest office landlord...
Rithm Capital Rebrands Paramount Group as Elecor Properties
Rithm Capital Corp. has rebranded its commercial‑real‑estate platform Paramount Group as Elecor Properties, marking a strategic pivot from a pure Class A office portfolio to a flexible workplace operating platform. The company announced roughly $250 million in capital improvements to modernize the...
JLL Lines Up $144M Construction Loan for Santa Ana Multifamily
JLL Capital Markets arranged a $144 million construction loan for The Carina, a 408‑unit multifamily development in Santa Ana. The three‑year floating‑rate facility was provided by QuadReal and secured by senior staff from JLL and Affinius Capital. The Carina will rise nine...
YS Developers Acquires Clinton Hill Development Site for $121M
YS Developers purchased the full‑block 47 Hall St. site in Clinton Hill, Brooklyn for $121.4 million. The 2.6‑acre parcel comes with land‑use approvals for roughly 650,000 sq ft of residential floor area and will be delivered vacant after demolishing the existing 550,000 sq ft structure. YS...
Redlands City Council Approves Whole Foods-Anchored Retail Center
Regency Centers’ new development, The Marketplace, received unanimous approval from the Redlands City Council. The 71,400‑square‑foot, Whole Foods‑anchored retail center will sit on an 8.18‑acre site at Lugonia Avenue and Tennessee Street. Designed by KTGY, the project targets the rapidly...
Life Company Loan Retires Debt on Long Island Self-Storage
Gantry has arranged an $11.5 million permanent loan to retire the maturing debt of Central Self‑Storage, a 740‑unit, climate‑controlled facility in Island Park, New York. The five‑year, fixed‑rate, non‑recourse loan was supplied by a correspondent insurance‑company lender and closed in just 45 days....
Nauset Completes Final Phase of Upgrades to Kendall Square Data Center
Nauset Construction has completed the third and final phase of a comprehensive renovation at 300 Bent St., a 100,000‑square‑foot, three‑story data center in Cambridge’s Kendall Square. The upgrades include structural reinforcements, a newly designed accessible lobby, a freight elevator, and...
Nonprofit Relocates San Francisco Offices to Civic Center
Avison Young negotiated a 91‑month lease for Larkin Street Youth Services, securing 19,350 square feet in the Lighthouse Building at 1155 Market St., San Francisco. The Class A office space offers onsite parking, 24/7 security, bike storage, and open patios, with the...
ANALYSIS: Fed Hold Keeps Markets Anchored as Rate-Cut Timeline Slips
The Federal Reserve left its policy range unchanged at 3.5%‑3.75%, cementing a "higher for longer" stance despite inflation still above target and heightened geopolitical risk from the Iran conflict. The vote revealed four dissenting governors—the most opposition since 1992—signaling deep...
Meta Forges Partnerships for Space Solar, Long-Duration Energy Storage to Power AI
Meta Platforms announced partnerships with Overview Energy and Noon Energy to secure up to 1 gigawatt of clean power for its AI data‑center fleet. Overview will launch geosynchronous satellites by 2028 that harvest solar energy in space and beam it as...
Signorelli Breaks Ground on New Caney Planned Community
The Signorelli Company has broken ground on the Azalea District at Valley Ranch, a 328‑acre master‑planned community in New Caney. Situated along the fast‑growing U.S. 59/I‑69 corridor, the development blends residential units with a 125‑acre commercial zone focused on healthcare. The...
University Acquires Downtown Pomona’s Armstrong Building
Progressive Real Estate Partners closed a $2.98 million sale of the 27,980‑sq‑ft Armstrong Building to Western University of Health Sciences. The historic mixed‑use property, featuring seven ground‑level commercial units and eight residential lofts, will become an extension of the university’s downtown...
Hyundai Taps SL Green for Leasing, Management of Boutique Tribeca Offices
Hyundai Motor Group has appointed SL Green Realty Corp. to lead leasing and asset‑management for its newly built 15 Laight St. office tower in Tribeca. The 109,000‑square‑foot boutique building will be marketed by SL Green alongside CBRE, which continues as the leasing broker. The...
Private Investor Divests San Diego Mixed-Use After Decades of Ownership
Marcus & Millichap closed the sale of La Mesa Mixed‑Use, a 12,196‑square‑foot office‑retail building in San Diego, for $2.3 million. The property, built in 1976, comprises 13 suites and sits on a high‑visibility corridor near San Diego State University. The seller, a private investor, cited...
Vornado Taking 49% Stake in Fisher Brothers’ Park Avenue Plaza
Vornado Realty Trust announced it will purchase a 49% stake in the 45‑story, 1.2‑million‑square‑foot Park Avenue Plaza for a gross asset valuation of $1.1 billion. The deal includes Vornado assuming its share of a $575 million, 2.99% fixed‑rate loan that matures in...