Ardent Opens Bridgeport Self-Storage, Ninth to Be Delivered in Development Fund
Ardent Companies opened a new Class A self‑storage facility in Bridgeport, Connecticut. The five‑story, 127,411‑sq‑ft building, developed with Diamond Point Development and operated by Extra Space Storage, is the ninth asset delivered under Ardent’s Self‑Storage Development Fund II. The opening follows strong lease‑up across Fund II projects, highlighting robust demand for modern, climate‑controlled storage in dense Northeast markets. The Bridgeport location targets infill neighborhoods, offering convenience for residents and small businesses.
Kidder Mathews Arranges Sale of 79‑Unit Apartment Property in Seattle
Kidder Mathews arranged the sale of the John Winthrop Apartments, a 79‑unit, 1925‑built multifamily building in Seattle’s First Hill neighborhood. The buyer, Nordic Partners Investments, specializes in value‑add multifamily acquisitions. The property offers studio and one‑bedroom units and sits just...
NMHC Survey Charts Moderate Improvement in Apartment Construction Market
The National Multifamily Housing Council’s March 2026 quarterly survey shows modest signs of recovery in the apartment construction sector. About 31% of developers say they are launching more projects, while the same share report fewer construction delays. Only a small minority...
Greystone Provides $33M Financing to Bayshore Properties for Chicago MF Acquisition
Greystone has extended a $32.56 million Freddie Mac loan to Bayshore Properties for the purchase of the 253‑unit Aspen Ridge Apartments in West Chicago. The financing is complemented by a $5.5 million preferred equity investment from Mandelbaum & Associates, together covering the acquisition...
MacroValor, Favis Will Build Hydrogen-Powered AI Mega Campus
MacroValor Corporation and Favis Advanced Robotics announced Mount Hydrogen, a 3,000‑megawatt AI, robotics and semiconductor mega‑campus in Austin, Texas. The site will be powered entirely by MacroValor’s hydrogen energy network, delivering zero‑emission, continuous operation. It will host Subvertio AI, a...
Northmarq Report Puts DFW #2 in BTR Units
The Dallas‑Fort Worth metro area has emerged as the nation’s second‑largest build‑to‑rent (BTR) market, now boasting roughly 25,000 units, most delivered in the past five years. Net absorption surged to over 4,000 units in 2025, a 30% increase year‑over‑year, while...
NRP Starts Work on 297-Unit Denton Affordable Housing Community
The NRP Group broke ground on Arbor Ranch, a 297‑unit affordable housing community in Denton, Texas, developed with the Denton Housing Authority. Truist Bank is providing a $149 million financing package that includes a $68 million construction loan, $48 million permanent loan, and...
Mangat Staking $250M on Small-Bay Phoenix Warehouses
The Mangat Group announced a more than $250 million investment in four small‑bay industrial developments in the Phoenix metro area. The projects will deliver 219 flex‑space units totaling roughly 527,000 square feet, with the first site on Glendale Avenue entering...
Investor Duo Acquire Dallas Highrise
Pillar Commercial and Ascent Real Estate Advisors have jointly acquired Rambler Park, a 310,943‑square‑foot, 14‑story office tower in northern Dallas. The property, built in 1981 and featuring a fitness center, conference facilities and on‑site food service, was financed through First Bank...
Sun Life Gains Full Ownership of BGO, Crescent Capital; Acquiring Bell Partners
Sun Life announced a series of multi‑billion‑dollar commercial‑real‑estate transactions, acquiring 100% of BGO for $1.16 billion USD and Crescent Capital for $608 million USD. It also agreed to buy Bell Partners, a U.S. multifamily manager with 70,000 apartments, for $350 million USD. The...
NAIOP Report Highlights Growing Lending, Transaction Volumes
The NAIOP Research Foundation’s new report finds commercial‑real‑estate lending is expanding, with banks increasing credit across property types while conduit lenders retreat. Federal agencies, government‑sponsored enterprises and mortgage‑backed‑securities investors remain the top purchasers of multifamily loans, and private buyers dominate...
SF Capital Secures $31M Refinancing for Multifamily Property in Green Bay
SF Capital secured a $31.2 million refinancing from a life‑insurance company for a multifamily asset in Green Bay, Wisconsin. The loan is structured at 75% loan‑to‑value with a 10‑year fixed term, delivering long‑term stability and stronger capital positioning for the owner....
Entre Commercial Realty Leases 26K-SF Maintenance Facility in IL
Entre Commercial Realty has leased a 25,600‑square‑foot freestanding maintenance facility at 167 Flannigan Road in Hampshire, Illinois, to a local transportation company relocating its headquarters. The building, constructed in 2023, was purpose‑built for fleet‑maintenance operations and features 12 drive‑in doors, two loading...
Ariel Arranges Condo Inventory Loan for Newly Constructed Residential Project
Ariel Property Advisors’ Capital Services Group arranged an $11.8 million condominium inventory loan for a 20‑unit new‑build project in Upper Manhattan. The loan is interest‑only at 9.5%, runs 18 months, and is priced at 70 % loan‑to‑value. By borrowing at a 20 % premium...
VersaBank Sells Only Minnesota Branch Back to Stearns
VersaBank announced it will sell the assets of its sole Minnesota branch back to Stearns Bank Holdingford, a transaction approved by the Office of the Comptroller of the Currency and slated to close in Q2 2026. The deal will generate...
POAH to Invest $40M in West Side Apartment Renovation
Preservation of Affordable Housing Inc. (POAH) will spend $40 million to renovate the 94‑unit Corcoran Place senior apartments on Chicago’s West Side. The overhaul adds new kitchens, bathrooms, all‑electric HVAC, upgraded plumbing, electrical, roof, windows, and façade repairs, with work on...
Lendlease Launches Pre-Leasing at Habitat’s Residential Component
Lendlease has opened pre‑leasing for Habitat Residences, a 12‑story, 260‑unit multifamily tower in Los Angeles that will debut this spring. The building offers studio, one‑ and two‑bedroom layouts plus penthouses on the top two floors with private balconies or terraces....
Habitat SKKC Completes 40-Home Community in Burien
Habitat for Humanity Seattle‑King & Kittitas Counties (SKKC) has finished the 40‑home Miller’s Creek community in Burien, marking the first major U.S. rollout of its “Let’s Open the Door” campaign. The development offers three‑ and four‑bedroom affordable units, a playground,...
Marcus & Millichap’s Azzi Group Closes Van Nuys Sale
The Azzi Group of Marcus & Millichap closed the sale of a 45‑unit apartment building at 6121 Woodman Ave. in Van Nuys for $9 million, equating to $200,000 per unit and a 5.66% cap rate. The transaction priced at 93% of the...
Northgate Closes Bankruptcy Sale at 54% Premium Over Opening Bid
Northgate Real Estate Group closed on a seven‑building, 47‑unit Brooklyn multifamily portfolio for $18.6 million, paying a 54 % premium over the $12.1 million opening bid. The sale, approved by the U.S. Bankruptcy Court, was conducted via a live and online auction. Northgate...
BLT Acquires Carlsbad Site with Potential for Future Development
BLT Enterprises has purchased a 19.4‑acre industrial site near the Carlsbad Research Center for an undisclosed price. The property includes two manufacturing facilities and is being acquired via a three‑year sale‑leaseback as part of a 1031 exchange for a local...
Rental Project Breaks Ground on Long Branch’s Lower Broadway Corridor
Downeaster Development and TANTUM Real Estate have broken ground on The Elbie, a new rental community at 305 Broadway in Long Branch, New Jersey. The four‑story building, designed by Rotwein + Blake Associates, will contain 78 one‑ and two‑bedroom units, with some...
Triton Realty Group Closes $3M in Chicago Apartment Buildings Deals
Triton Realty Group closed three sales from the Gary R. Carlson Northwest Chicago portfolio, encompassing 99 units across 16 multifamily buildings. The transactions—located on New England Avenue, Kildare Avenue, and Tripp Avenue—totaled $2.99 million, marking the first wave of disposals from...
SparrowHawk, Almanac Realty Investors Acquire St. Louis Warehouse
SparrowHawk, together with Almanac Realty Investors, has bought Premier 370 DC II, a 366,900‑square‑foot distribution center in St. Louis, Missouri, for $28.5 million. The asset sits on 20 acres and includes 36‑foot clear ceilings, 60‑foot loading bays, ESFR sprinklers and LED lighting. The...
Newmark Lists Home of Contemporary Jewish Museum
Newmark has been chosen to market the sale of 736 Mission Street, the historic home of San Francisco’s Contemporary Jewish Museum. The museum plans to exit the building, using sale proceeds to fund a sustainable operating model for its Yerba...
Lowe Breaks Ground on Apartments at Santa Ana’s Mainplace
Lowe, together with Affinius and Centennial, broke ground on The Carina, a 408‑unit multifamily project at 2828 N. Mainplace Drive in Santa Ana. The development is part of a broader effort to transform the MainPlace shopping center into a mixed‑use destination, including...
Chicago/Midwest People & Company News, Week of March 27, 2026
Farbman Group announced ClimateGuard Pro, a temperature and environmental monitoring solution, and appointed Jordan Valasek to lead its sales, expanding the service beyond Farbman's own portfolio into the broader Midwest market. Friedman Real Estate completed the sale of a 17,000‑square‑foot mixed‑use...
New York People and Company News, Week of March 27, 2026
The CRE Finance Council announced CEO Lisa Pendergast will retire in August 2026 after a decade of steering a 30% membership surge. Houlihan Lokey hired Steven Loffman to head its U.S. real‑estate capital advisory, while CBRE named Anuj Kadyan chief technology...
Berkadia Completes Kansas City Seniors Housing Portfolio Sale
Berkadia has finalized the sale of six senior‑living communities in the Kansas City metropolitan area, comprising 413 assisted‑living and memory‑care units. The assets were sold on behalf of a joint venture between Hunt Midwest and Principal Senior Living. At closing,...
IPA Capital Markets Arranges $31M Financing for Nebraska Apartments
IPA Capital Markets, a Marcus & Millichap division, arranged a $31.61 million refinancing for The Flats at Leighton District, a 234‑unit multifamily complex with ground‑level retail in Lincoln, Nebraska. The loan carries a five‑year term, full‑term interest‑only payments and a fixed...
Bucksbaum Acquires Mixed-Use Office Campus in Coachella Valley
Bucksbaum Properties acquired One El Paseo Plaza, an 86,835‑square‑foot mixed‑use office campus in Palm Desert, for $25.75 million. The five‑acre site includes three office buildings and a single‑story restaurant, anchored by tenants such as Morgan Stanley, Royal Bank of Canada, Wells Fargo Advisors,...
CAPREIT Acquires Central LI Senior Living Property
CAPREIT, a $6 billion U.S. multifamily real‑estate operator, has acquired Broadway West, a senior‑living community in Brentwood, New York. The property comprises 114 one‑ and two‑bedroom units and was built in 2003. The purchase follows a series of early‑2026 acquisitions, including...
Lee & Associates Represents Buyer in 24K-SF Laurel Industrial Acquisition
JADAKA Holdings, LLC acquired the 24,245‑square‑foot industrial building at 9550 Lynn Buff Court in Laurel, Maryland for $4.5 million. The property, formerly owned by Professional Graphics Printing Company, sits on a nearly two‑acre parcel with 14‑ to 16‑foot ceilings, two dock‑high doors, and...
Trident Provides Financing for Future Tesla Supercharger Site
Trident Capital Partners has extended a $3 million, 18‑month full‑recourse loan to finance a future Tesla Supercharger station in Los Angeles. The loan, structured at a 55 % loan‑to‑value ratio, enabled the acquisition and redevelopment of a 0.52‑acre site in Studio City...
Arrow Secures Acquisition Loan for LIC Development Site
Arrow Real Estate Advisors arranged a $9 million acquisition loan for Century Development Group to purchase a 16,000‑square‑foot site at 10‑38 45th Rd. in Long Island City. The property, located within the newly proposed OneLIC rezoning district, carries roughly 62,400 square feet of zoning floor...
TailoredSpace Will Open 16th Coworking Location with Orange Facility
TailoredSpace announced the opening of its 16th coworking campus in Orange, California, occupying an 11,830‑square‑foot second‑floor space above a new Culinary Dropout restaurant. The location is situated in the historic Old Towne Orange district, marking the company’s first campus launch...
TopSide Marinas Expands Ozarks Footprint With Acquisition
TopSide Marinas has acquired Campbell Point Marina on Table Rock Lake in Missouri, marking its third Ozarks purchase after Cape Fair and Hideaway Marinas. The facility offers over 280 wet slips ranging from 24 to 80 feet, plus fuel, rentals, retail and an...
JLL Arranges Sale, Financing of Edison Industrial Service Facility
Capital Markets arranged the $24.5 million sale and acquisition financing of a 5.5‑acre industrial service facility at 76 National Road in Edison, New Jersey. The fully occupied property includes a 25,000‑square‑foot warehouse leased to FedEx Ground and additional space used by...
Gordon Brothers to Market Historic Office Building in Cleveland for Sale
Commercial real estate firm Gordon Brothers has been retained to market the sale of Cleveland’s historic Huntington Building at 925 Euclid Avenue. The 21‑story, 1.5 million‑square‑foot office tower, originally the Union Trust Building, was constructed in the early 1920s and was once...
Two At-Risk Rhode Island Hospitals Returned to Local Management
Centurion Foundation announced that Roger Williams Memorial Center and Our Lady of Fatima Hospital have been financially stabilized and returned to local nonprofit management. The turnaround was funded by more than $100 million in privately financed bonds and an $18 million reserve from the State of Rhode Island...
Sagard Real Estate Acquires Warehouse in Supply-Constrained East Bay
Sagard Real Estate has purchased the fully‑leased 68,114‑square‑foot warehouse at 20201 Mack Street in Hayward, California. While the purchase price remains undisclosed, the acquisition aligns with Sagard’s focus on supply‑constrained, high‑demand industrial markets. The property’s location along the I‑880 corridor...
Kolter Picks Up Vintage Tampa Bay Hotel
The Kolter Group acquired the 60‑year‑old Hilton St. Petersburg Bayfront from Ashford Hospitality for a total cash outlay of $96 million, which includes furniture, fixtures, and equipment. The headline purchase price for the hotel itself was $67.2 million. Kolter, active in both...
Amazon Adding 112K-SF Warehouse to Orlando-Area Holdings
Amazon announced plans to construct a 112,000‑square‑foot warehouse on a 45‑acre site in Titusville, Florida, near the Indian River. The facility is expected to support Amazon Leo, the company’s low‑Earth‑orbit satellite broadband network, following FCC approval for 3,236 satellites. Amazon...
Portman Adding 330 Rental Units to Savona Mill Project
Portman Holdings is expanding its Savona Mill adaptive‑reuse development in Charlotte with a Phase II add‑on of 330 multifamily units. The historic 108‑year‑old mill, which already delivered 319 apartments in Phase I, will also feature eight townhome pads and extensive amenities. Construction...
$134M Gainesville Port to Open in May
Georgia Ports Authority is set to launch a $134 million inland port in Gainesville this May, designed to handle up to 200,000 containers annually once fully built. The site will be anchored by a 540,000‑square‑foot warehouse from Alliance Industrial and a...
Avatar Lends on Vacant Industrial Campus in Hawthorne’s “Space Corridor”
Avatar Financial Group LLC has extended a $16.1 million bridge loan to acquire and revitalize The Yukon, a 52,074‑square‑foot industrial campus in Hawthorne’s “Space Corridor.” The two‑year loan, structured at a 62 % loan‑to‑value ratio, financed the sponsor’s bankruptcy‑sale purchase and funded...
Gowanus Refi Scores a First with Freddie Mac’s New Lease Up Program
JLL Capital Markets arranged a $136 million senior loan for 655 Union, a newly delivered 193‑unit trophy multifamily building in Brooklyn’s Gowanus neighborhood. The financing, provided by Freddie Mac and CenterSquare Investment Management, refinances an existing construction loan and marks the first...
Connect Industrial Midwest 2026 Recap (VIDEO)
At the Connect Industrial Midwest 2026 conference, commercial real‑estate leaders highlighted steady fundamentals, rising leasing activity and renewed capital flows in the Midwest industrial sector. Speakers noted that limited new supply kept the market disciplined, positioning Chicago as slightly undersupplied...
Champaign Workforce Housing Development Launches Lease Up
Royse + Brinkmeyer has begun leasing The Pilot, a mixed‑income residential community in Champaign’s In‑Town Neighborhood. The development will deliver 151 modern apartments, townhomes and lofts across five planned properties aimed at expanding workforce housing. Financing comes from PNC Bank...
Nonprofit Leases Two Floors for Largest Tenancy at 39 Broadway
Nonprofit Fedcap has signed a 37,760‑square‑foot lease for its new headquarters at 39 Broadway in Manhattan’s Financial District. The six‑year agreement covers the entire second and third floors, making it the largest tenancy in the 37‑story Art Deco tower. Fedcap, a...
