LIC Multifamily Tower Secures $111M Bridge Loan From PGIM
American Lions, a joint venture of Fetner Properties and Lions Group, obtained a $111 million bridge loan from PGIM Real Estate for The Bold, a 28‑story, 164‑unit multifamily tower in Long Island City. The financing was arranged by JLL Capital Markets, with senior team members leading the transaction. The Bold, designed by SLCE Architects, sits opposite its sister building The Italic and includes a shared public park. The loan underscores confidence in the project’s market positioning and the developers’ long‑term commitment to the neighborhood.
NJ Clothing Distributor Concludes Lengthy Search with Fontana Acquisition
DAUM Commercial Real Estate Services facilitated the $30.2 million sale of 6260 Mango Ave., a 113,930‑square‑foot Class A industrial distribution facility in Fontana, California. The buyer is a New Jersey‑based clothing distribution firm seeking to expand its logistics footprint on the West Coast. The transaction...
Inland Real Estate Acquires Luxury LI Multifamily for $190M
Inland Real Estate Group’s affiliate closed on The Arboretum, a 292‑unit luxury multifamily development in Farmingville, New York, for $190 million. The 62‑acre, 491,071‑square‑foot community, delivered in 2024, blends single‑family homes with garden‑style apartments featuring two‑ and three‑bedroom units averaging 1,682 sq ft....
Well-Located Neighborhood Strip Center Sells for $11M
Atlantic Capital Partners closed the sale of the 18‑20 Main St. neighborhood strip center in North Reading, Massachusetts for $11 million. The 46,738‑square‑foot property is fully leased, anchored by a 13,225‑square‑foot CVS and nine additional service retailers. Its location near Interstates 93, 95...
Two Davis Apartment Complexes Sell for First Time Since 1980s
Transwestern brokered the sale of a 140‑unit multifamily portfolio in Davis for $42.8 million, equating to $306,000 per unit. The deal comprised Temescal Apartments (100 units) sold for $33.44 million and Pepperwood Apartments (40 units) sold for $9.36 million. Both complexes, developed by...
Illinois Ranks No. 2 for Corporate Expansion Projects
Illinois has secured the No. 2 spot for corporate relocations and expansions for the fourth consecutive year, according to Site Selection. The Illinois Economic Development Corporation reported 680 qualified projects, underscoring a sustained influx of businesses. Chicago’s metropolitan area marked its...
CBRE Appointed Exclusive Sales Agent for Former Mall Site in St. Louis
CBRE has been named the exclusive sales agent for the former Jamestown Mall site, a 144‑acre parcel in north St. Louis County. The property, owned by the St. Louis County Port Authority, is zoned for both commercial and residential development, making it...
Development Site Across From UCLA Fetches $38M in Off-Market Sale
Newmark brokered the off‑market sale of 10918‑10926 Le Conte Avenue in Westwood for $38.2 million. The 1.16‑acre parcel includes a 9,647‑sq‑ft office building and sits directly across from UCLA and the Ronald Reagan UCLA Medical Center. The transaction was co‑represented by Newmark...
JLL Secures $36M Acquisition Financing for Chicago Industrial Portfolio
JLL arranged $35.6 million in acquisition financing for a 411,781‑square‑foot Chicago infill industrial seed portfolio comprising four shallow‑bay assets. The financing backs a newly formed joint venture between Matterhorn Venture Partners and TPG Angelo Gordon U.S. Real Estate, which has pledged...
LightBox CRE Activity Index Rebounds in January
The LightBox CRE Activity Index surged 28% in January, reaching 110.7 – the first triple‑digit reading since October and well above the 88.2 recorded in January 2025. The rebound was powered by an 81% month‑over‑month jump in commercial listings, a...
Former Fiesta Mall Site Adding Two Hotels
Sunny Day Sports announced a mixed‑use development on the former Fiesta Mall site in Mesa, dubbed the Palo District. The plan includes two hotels totaling about 600 rooms—a 400‑room flagship that would become the largest hotel in Mesa and a...
Partners Lands Houston Highrise Leasing Assignment
Partners Real Estate has been named the exclusive leasing agent for 1000 Main, a 36‑story, 837,161‑square‑foot office tower in downtown Houston. The building is poised to reach 74 % occupancy, anchored by tenants such as Shell, Porter Hedges and UBS, while retail outlets...
GTIS to Develop New Headquarters for Santander Brasil
Santander Brasil announced it will relocate its corporate headquarters to Campus JK, a new office development being built by U.S.-based GTIS Partners. The 101,000‑square‑metre campus, occupying an entire city block on Avenida Presidente Juscelino Kubitschek, is slated for completion in...
Phoenix Continues Industrial Market Dominance
Greater Phoenix solidified its position as a leading U.S. industrial market in 2025, according to Colliers. Vacancy slipped 10 basis points to 9.7% in Q4, while net absorption reached 3.2 million square feet, totaling 18.2 million for the year – the strongest...
Black Mountain Acquires 917K-SF Benbrook Warehouse Project
Black Mountain Capital closed a $61 million acquisition loan to purchase the 917,000‑square‑foot Chisolm 20 industrial complex in Benbrook, Texas. The four‑building warehouse, opened in November 2024, is 82.6 % leased to five tenants. It represents the first development of this size in...
Beacon Adding Apartments to Charlotte Development
Beacon Partners submitted a land development plan for a 342‑unit multifamily community on a 3.8‑acre parcel at 122 Freeland Lane in Charlotte. The project will sit beside the Station at LoSo office and retail towers and feature courtyards, a dog park,...
Atlantic Cos. Converting Former Roswell Police HQ Into Mixed-Use Project
Atlantic Cos. broke ground on Hillrose Market, a 7‑acre mixed‑use village in Roswell that repurposes the former police headquarters. The $140 million project is backed by a $61 million loan from SouthState Bank and will feature 143 luxury rental apartments, 16 brownstone‑style...
RXR Closes on Financing for FiDi Office-to-Resi Conversion
RXR and One Investment Management have closed a $500‑million‑plus financing package to convert the historic 61 Broadway office building in Manhattan’s Financial District into a 796‑unit residential tower. Construction is slated to begin this month with the first apartments expected in...
Betches Media Relocates Headquarters to Park Avenue South
Savills brokered a 23,038‑square‑foot lease for Betches Media, securing the entire sixth floor of the newly renovated 360 Park Ave South building. The digital media company, known for its women‑focused content across social, video, podcasts and events, is moving from its 43 W. 24th St location...
GSA, CBRE Put Laguna Niguel’s Ziggurat Building on the Sale Block
The U.S. General Services Administration announced it will sell the former Chet Holifield Federal Building, known as the Ziggurat, in Laguna Niguel, partnering with CBRE to market the property. The 90‑acre, one‑million‑square‑foot, 1971‑era landmark sits on a prime Southern California...
Meridian Arranges Freddie Mac Loan for Northern NJ Apartments
Meridian Capital Group arranged a $63,503,000 Freddie Mac loan for Wayne Village, a 275‑unit garden‑style apartment complex in Wayne, New Jersey. The financing was secured through Capital One by Meridian’s Matt Texler. Wayne Village offers one‑ and two‑bedroom units, including town‑house‑style...
Greenstone Partners Closes Sale of 225K-SF Lake Forest Office Complex
Greenstone Partners has closed the sale of Conway Park, a 225,000‑square‑foot office complex in Lake Forest, Illinois, for $8.9 million. The transaction emerged from a competitive auction that attracted 15 qualified bidders, with The STG Group acting as the buyer. The property is currently 43%...
Marcus & Millichap Closes Sale of Apartments Near MBTA Station
Marcus & Millichap closed a $4 million sale of the Pine Street Apartments in Attleboro, Massachusetts. The 19‑unit, mixed‑size complex sits less than half a mile from the Attleboro MBTA commuter rail station, offering transit‑oriented appeal. The seller’s diligent upkeep and...
Sword Industrial Partners Acquires Tulsa Warehouse, Distribution Park
Sword Industrial Partners acquired the Braniff Park West warehouse and distribution park in northeast Tulsa for $20 million. The two‑building, 21.67‑acre site offers 261,692 square feet of space, currently 89% leased to tenants such as HSM Transportation, Forward Air, and Ramsey Industries. Formed in 2025...
MBK Rental Living Divests Class A Multifamily in Duarte
MBK Rental Living completed the sale of its 344‑unit, Class A, transit‑oriented Esperanza at Duarte Station to an undisclosed buyer, ending a joint venture with Haseko Corporation that began with the property’s 2022 opening. The transaction was brokered and financed by...
Talonvest Structures Permanent Loans for Self-Storage Trio
Talonvest Capital arranged $42.6 million of permanent financing for three Class A self‑storage properties owned by The William Warren Group. The largest loan, $25 million, funds a 1,261‑unit facility in Hawthorne, California, with a five‑year interest‑only structure. Two additional loans of $9 million and...
New York People and Company News, Week of Feb. 27, 2026
The week’s New York CRE roundup highlighted several high‑profile appointments and a major financing boost. Allen Matkins added Jeannine M. Olmo to its Global Real Estate Group, while Machine Investment Group brought in Charlie Leonard as Partner, Investments and Capital...
Nauset Completes Makeover of Circa-1949 Brookline Apartments
Nauset Construction finished a full renovation of Forte at 1440 Beacon, a 136‑unit luxury apartment complex in Brookline’s Coolidge Corner. The upgrade modernized the lobby, common areas, exterior and MEP systems of the 1949‑built property while residents remained occupied. Wingate...
Leominster Sale Reflects “Surge” In Worcester County Industrial
Marcus & Millichap closed the sale of 44 Mead St., a 62,259‑square‑foot industrial complex in Leominster, MA, for $4 million to The Lexvest Group. The eight‑tenant, 4.1‑acre site features high clear heights, multiple loading docks, and direct access to Route 2 and the North Leominster...
OpenAI Commits to Silicon Valley Presence with 439K-SF Lease
OpenAI has signed a ten‑year lease for a 439,000‑square‑foot campus at 350 and 380 Ellis Street in Mountain View, securing its first right of purchase before the property is marketed by KKR Real Estate Finance Trust. The lease follows advanced...
ViaWest, Walton Sell Tempe Warehouses for $24.5M
Speed Bay acquired the Farmer Industrial Center in Tempe for $24.5 million, adding a 93,900‑sq‑ft, two‑building industrial park to its portfolio. The property, sold by ViaWest Group and Walton Street Capital, is 94.1% leased to seven tenants spanning aerospace, logistics, home‑improvement...
$4B Sherman Chip Fab Starts Production
GlobalWafers has launched Phase II production at its Sherman, Texas silicon‑wafer fab, a $4 billion expansion that brings total regional investment to $7.5 billion. The 12‑inch wafer line will supply Texas Instruments, TSMC and other partners producing chips for Apple. The project receives...
Data Center Supplier Eyeing FW for $80M Plant
Stellar Energy, a data‑center cooling equipment maker, is planning a 1.1‑million‑square‑foot plant in Fort Worth’s AllianceTexas development, with a total investment of roughly $80 million. The project includes $34 million in property improvements and $45.5 million in equipment, and could break ground this...
Work Underway on 99K-SF McKinney Kroger Marketplace
Kroger is constructing a 99,000‑square‑foot Marketplace anchored store with a fuel station at the Custer Frontier site in McKinney, Texas. The development will be part of a 170,000‑square‑foot mixed‑use complex that adds 54,000 sq ft of small‑shop and freestanding retail space plus...
Greystone Provides $80.9M to Rehab 640-Unit NC Affordable Housing Portfolio
Greystone is financing the rehabilitation of a 640‑unit affordable housing portfolio in rural North Carolina with a total commitment of $80.9 million. The deal combines $52.5 million of USDA Section 538 construction‑to‑permanent debt and $28.3 million of Low‑Income Housing Tax Credit equity. The...
Toll Brothers Nabs West Chelsea Development Site for $53M
Toll Brothers purchased the 118 Tenth Ave. site in Manhattan’s West Chelsea for $53 million. The 85,000‑square‑foot parcel, adjacent to the High Line, is one of the last undeveloped lots in the sub‑market. The acquisition follows a shift from office‑centric plans to residential...
Brentwood Apartments Trade for $825K Per Unit
Institutional Property Advisors arranged the sale of Luxe Villas, a 60‑unit multifamily building in Brentwood, Los Angeles, for $49.494 million, or $824,900 per unit. The transaction is one of only three post‑2000, 50‑plus‑unit deals in Brentwood over the past 25 years....
Lone Star Lands $235M Refi on 10 Florida Sr. Housing Communities
Lone Star Funds secured a $235 million mortgage refinancing for an 11‑property senior‑housing portfolio, primarily located in Florida’s Tampa, Boca Raton, Sarasota and Naples markets, with one asset in Texas. The loan was originated by Marathon Asset Management’s commercial‑real‑estate platform and...
Gantry Secures Second Loan for Sponsor Assembling Carlsbad Office Portfolio
Gantry secured a $13.25 million permanent loan to acquire the 130,019‑square‑foot Carlsbad Pacific Center office campus. The financing, a seven‑year fixed‑rate non‑recourse loan with a partial interest‑only period, marks Gantry’s second office acquisition loan for Strauss Investments, following an $11 million loan...
Landmark Completes 1031 Exchange with Luxury NJ Apartment Deal
Landmark Companies completed a $35.075 million purchase of The Grove at Piscataway, a 110‑unit luxury multifamily community built in 2020. The acquisition finalizes a 1031 exchange, allowing Landmark to divest legacy 1970s properties for a modern, high‑occupancy asset. The Grove sits...
IPA Closes Hartford-Area Sale of Value-Add Multifamily
Institutional Property Advisors (IPA) closed the sale of Rivers Bend Apartment Homes, a 432‑unit multifamily property in Windsor, Connecticut, to Charger Ventures. The transaction’s financial terms were not disclosed. IPA highlighted the asset’s value‑add potential, citing a high‑income renter pool of...
GEICO Selects Development Team to Revamp Chevy Chase Campus
GEICO has agreed to sell its 26‑acre Chevy Chase campus to Bethesda‑based developer EYA, which will lead a joint venture with Washington, D.C. firm JM Zell Partners. The partnership will transform the former corporate site into a transit‑oriented development featuring...
ESRT Taps Newmark to Lease Up 130 Mercer Offices in SoHo
Empire State Realty Trust (ESRT) purchased the 130 Mercer building in SoHo for $386 million in a late‑2025 sale‑leaseback and appointed Newmark as the exclusive leasing agent. The 112,600‑square‑foot property, formerly the Scholastic headquarters, has been upgraded with modern infrastructure and...
Pathfinder Acquires Low-Density Complex in Off-Market Deal
Pathfinder Partners acquired the 160‑unit San Carlos Village multifamily complex in San Diego through an off‑market transaction arranged by Newmark. The sale price was $31.6 million, with Newmark’s Debt & Structured Finance group securing $18.6 million of acquisition financing via a Fannie...
$21M Lincoln Park Refinance Arranged by Essex Capital Markets
Essex Capital Markets arranged a $20.8 million refinance for a 90‑unit, two‑property portfolio in Chicago’s Lincoln Park. The loan carries a 5.35 % interest rate, 75 % loan‑to‑value and a twelve‑month interest‑only period, delivering cash‑out proceeds to the sponsor. The assets include a 35‑unit...
81K-SF Skilled Nursing Facility in Wisconsin Changes Hands
Marcus & Millichap brokered the sale of the Portage County Health Care Center, a 48‑bed skilled nursing and rehabilitation facility in Stevens Point, Wisconsin. The 81,562‑square‑foot property on a 16‑acre campus sold for $2.7 million. The buyer intends to invest in capital...
Single-Tenant Parsippany Office Scores Life Company Refi
Arrow Real Estate Advisors arranged a $21.45 million refinancing for Signature Acquisitions, using a 203,506‑square‑foot Class A office in Parsippany, New Jersey as collateral. The loan was supplied by Symetra Life Insurance and the property is fully leased to Travel + Leisure on a triple‑net...
Metropolitan Realty Refis Last-Mile Distribution Facility for $33M
Metropolitan Realty Associates LLC refinanced its 315,000‑square‑foot last‑mile distribution facility at 456 Sullivan Ave. in Windsor, Connecticut with a $33.2 million loan from Webster Bank, replacing the original Bank of America mortgage. The property, acquired in February 2021, remains 100 % occupied by a single...
Entre Commercial Realty Completes Sale of 17K-SF Crystal Lake Retail Building
Entre Commercial Realty has finalized the sale of a 16,780‑square‑foot retail and automotive building on 2.71 acres at 7218 Virginia Road in Crystal Lake, Illinois. The buyer, represented by Averta Realty, intends to operate automotive repair, body work, and car...
Downtown Burlingame Offices Now Fully Leased
Dostart Development Company and Sares Regis Group have fully leased the 168,000‑square‑foot office portion of the 220 Park Rd. mixed‑use project in downtown Burlingame. The 185,000‑square‑foot development also houses 17,000 sq ft of retail and restaurant space. New occupants include SkyKnight Capital, Confluent (soon...
