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BWE secured $42.5 million to refinance the Baggage Building, a Class A mixed-use office and retail property that has an iconic place in Nashville’s storied history. DZL was the sponsor. BWE’s Nick Harb arranged the financing. Sourced from a regional bank, the loan also features an interest-only payment period. The property, located at 111 10th Avenue South, ... The post BWE Secures $42.5M Refi for Historic Nashville Building appeared first on Connect CRE.
Trammell Crow Company (TCC) has broken ground on Caldwell Commerce Center, a two-building, 233,335-square-foot speculative industrial development in Charlotte, North Carolina. Delivery is expected by July 2027. TCC’s joint venture partner in the development is a consortium of investors led by CBRE Japan and including Mitsubishi Logistics Corporation. Located on 24 acres at 6122 & 6125 ... The post Trammell Crow-Led Team Starts Work on Charlotte Warehouse Project appeared first on Connect CRE.
Related Urban Development Group (RUDG), part of The Related Group, inked a $167 million financing package for the Gallery at Lummus Parc. Greystone provided the financing. The Greystone team included Greg Voyentzie and Jay Reed of Greystone Real Estate Capital (GREC), Jason Kaye of Greystone Housing Impact Investors LP (GHI), and Jeff Englund and Pharrah ... The post Related Affiliate Obtains $167M Loan Package for Miami Apartment Community appeared first on Connect CRE.
Newmark has arranged the $125 million sale of Deer Park Town Center, a 352,257-square-foot open-air lifestyle center located in Deer Park, Illinois. Newmark President and Head of Retail Capital Markets Conor Lalor and Senior Managing Directors Kyle Minter and Keely Polczynski represented the seller, PGIM, in the transaction, with support from Director James Sharpe V ... The post Newmark Arranges $125M Sale of 352K-SF Deer Park Town Center appeared first on Connect CRE.
Executive Summary The Treasury market’s sharp September selloff is better understood as a repricing of real rates, policy expectations and the neutral rate than as a broad loss of confidence in long-run inflation control. The 10-year Treasury yield reached 5.xx% on Sept. 23, its highest level since 2007, while the five-year yield rose above 5% ... The post Treasury Selloff Signals Real-Rate Shock, Not Inflation Panic appeared first on Connect CRE.
infinitSpace, a Europe-based flexible workspace provider and technology platform, announced its entry into the U.S. through a long-term partnership for 612 S. Broadway in Downtown Los Angeles. The company’s first U.S. location, known as beyond Broadway DTLA, is scheduled to open on 2 November 2026. The new location will occupy approximately 32,000 square feet across ... The post European Flexible Workspace Provider Enters U.S. Market with DTLA Location appeared first on Connect CRE.
SL Green Realty Corp. announced that private equity firm Sentinel Capital Partners has signed a lease expansion covering 7,134 square feet on a portion of the 54th floor at One Vanderbilt Ave. The expansion increases the tenant’s total commitment within the building to 34,737 square feet. “We’re proud to expand our valued relationship with Sentinel ... The post Private Equity Firm Expands at SL Green’s One Vanderbilt appeared first on Connect CRE.
Westwood Financial has acquired Peninsula Marketplace, a 95,416-square-foot, Ralphs-anchored shopping center in Huntington Beach, for an undisclosed amount The property is 99% leased. The acquisition comes as Southern California’s retail market continues to strengthen, according to Westwood. In the second quarter of 2026, Orange County led Greater Los Angeles in positive net absorption. Westwood is ... The post Westwood Financial Acquires Grocery-Anchored Huntington Beach Center appeared first on Connect CRE.
JLL and GA Group Real Estate announced today that it closed a $74.7 million sale-leaseback for a 47-property Family Dollar retail portfolio totaling 387,945 square feet across 19 states. JLL’s Net Lease Team and GA Group Real Estate exclusively represented the seller, FD Retail Properties LLC. The assets were acquired by an institutional real estate ... The post Family Dollar Closes $75M Sale-Leaseback for 47 Retail Locations appeared first on Connect CRE.
JLL Capital Markets arranged the $55-million sale of 441–467 Prospect Ave., a residential development site in Brooklyn’s Park Slope neighborhood. The team of Mike Mazzara, Ethan Stanton and Brendan Maddigan represented Arrow Linen Supply Company in the sale and negotiated directly with the buyer, Goose Property Management. The site occupies two lots on the north ... The post Arrow Linen Site in Park Slope Sells for Residential Development appeared first on Connect CRE.
KLNB has represented Gorjana Jewelry, a Southern California-based jewelry brand, in securing a new retail location at 724 King Street in Old Town Alexandria, Virginia. The deal was overseen by KLNB Vice President Forrest Morrill and Principal Joe Fleischmann. This is Gorjana’s sixth location in the Washington, D.C. region, and KLNB’s first deal with the ... The post KLNB Secures Lease for Gorjana Jewelry in Old Town Alexandria appeared first on Connect CRE.
A joint venture comprising Regal Ventures, Snowball Developments and Devli Real Estate has acquired a 186,603-square-foot, single-tenant industrial asset located at 600 Day Hill Road in Windsor, CT, near Hartford’s Bradley International Airport. The acquisition price was not disclosed. All three partners are based in the New York City area. Built in 1975, the site ... The post JV Acquires Hartford-Area Industrial with Long-Term Tenant appeared first on Connect CRE.
Northmarq’s Fresno Investment Sales team, led by Robin Kane and Brendan Kane, brokered the $2.23-million sale of 1550 W Swift Ave., an 18-unit multifamily property located at 1550 W. Swift Ave. in Fresno. The Northmarq team represented the seller, a Colorado-based family office. The buyer was a local family office. “This was an asset held by ... The post Family Office Acquires Fresno Apartments from Long-Term Owner appeared first on Connect CRE.
RiverTown Crossings, an indoor shopping mall and entertainment destination in Grandville, Michigan, is expanding its offerings by adding 11 new tenants, bringing a mix of retail, dining and entertainment options to the center. The new leases total 33,208 square feet. “We’re excited to welcome these new tenants to RiverTown Crossings and continue bringing more variety ... The post Michigan Retail Center Welcomes 11 New Tenants appeared first on Connect CRE.
Price Brothers has appointed CBRE as the exclusive leasing agent for Valencia Place, a 10-story, approximately 250,000-square-foot office building at 444 W. 47th St. in Kansas City, built in 2000. Designed by CDFM2 before its merger with HOK, Valencia Place has long served as home to Lockton Companies, which plans to relocate to a larger footprint ... The post Price Brothers Awards CBRE Leasing Assignment for KC Office Asset appeared first on Connect CRE.
Boston continues to be a hub for office conversion enthusiasts, with Kendall Capital planning to convert a landmark office building in Boston’s Financial District into a 155-unit residential property. The 155,000-square-foot project would be financed through historic tax credits, according to a report by Banker & Tradesman. Kendall Capital manager Mai Luo acquired the property ... The post Plans Filed for 155-Unit Office-to-Apartment Conversion in Boston appeared first on Connect CRE.
Biotech firm Invivyd is more than tripling its headquarters space in downtown New Haven, CT by signing a long-term lease for about 33,000 square feet at a landmark building neighboring Yale University. The transaction was reported by Hartford Business Journal. Invivyd will take space at 205 Church St., an historic building originally constructed in 1832 ... The post Growing Biotech Firm Leases 33K SF in New Haven appeared first on Connect CRE.
A local developer has purchased a commercial unit in Long Island City for $6.1 million, or approximately $407 per buildable square foot, with plans to redevelop the building into high-end condos. Marcus & Millichap negotiated the sale of the now-vacant property at 49-03 Fifth St., which was formerly home to an auto repair shop. The ... The post Long Island City Commercial Building Changes Hands for $6M appeared first on Connect CRE.
Marcus & Millichap announced the sale of Shoaff Park Villas, a 206-unit multifamily property in Fort Wayne, Indiana. “Shoaff Park Villas presented a rare opportunity as it was the first time the property had been offered for sale since 1976 after being owned by the same family for 50 years,” said Jack Friskney, director of ... The post Marcus & Millichap Arranges Sale of 206-Unit Indiana MF Property appeared first on Connect CRE.
Becovic Residential has acquired the historic mixed-use property at 5154 N. Clark Street for $20 million and is introducing it under its new name, The Quarters at Andersonville. Built in 1923 and occupying a full city block at the intersection of Clark Street, Foster Avenue and Ashland Avenue, The Quarters at Andersonville includes 81 apartments ... The post Becovic Residential Acquires Historic Andersonville Property appeared first on Connect CRE.
Oxford Companies and Crawford Hoying announced that Arbor South, a 20-acre mixed-use community, has received final state approval from the Michigan Strategic Fund Board. Located at 2845 S. State St., near Eisenhower Parkway, Arbor South is envisioned as a natural extension of the energy, creativity and community that define Ann Arbor. The development will include ... The post Mixed Use Development Advances in Ann Arbor appeared first on Connect CRE.
Seven Equity Group acquired 875 and 899 Howard, a two-building office property totaling roughly 280,000 square feet in downtown San Francisco, for $65.5 million. Commercial Search reports that Genesis Capital Group originated a $51 million acquisition loan. Hudson Pacific Properties was the seller. The two buildings debuted in 1920. The one at 899 Howard is a retail-to-office ... The post Vintage San Francisco Office Properties Trade Hands appeared first on Connect CRE.
The Puget Sound development pipeline is seeing a significant reset, with a meaningful number of developers formally shelving projects rather than continuing to extend timelines and hold entitlements while waiting for market conditions to improve. As a result, both the approved and in-review pipelines contracted over the past year. According to a report by Kidder ... The post Report: Puget Sound Multifamily Pipeline Undergoing Reset appeared first on Connect CRE.
Blackstone and LBA Realty are ready to close on a $270 million CMBS refinancing for One Culver, an 8-story office building in Culver City, a town teeming with prominent companies. The 378,377-square-foot office property is near Apple’s 536,000-square-foot office building. Nomura Holdings originated the loan. Commercial Search reports that the loan proceeds will retire $310 ... The post Investor Duo Obtains $270M Refi on 387K-SF Culver City Office Property appeared first on Connect CRE.
Northmarq’s Philadelphia Debt + Equity team, led by John Banas and Kris Wood, along with David Singer and Jeff Steigerwalt, has lent $19.1 million for the refinancing of Dover Run Apartments located at 2670 Springhouse Bend in Dover, Pennsylvania. Northmarq arranged the deal on behalf of the borrower, Boyd Wilson. The financing was secured through ... The post Northmarq Lends $19M for 154-Unit Multifamily Property in Pennsylvania appeared first on Connect CRE.
Longpoint Partners acquired a 10-building industrial portfolio in Miami-Dade County for $195 million. Brookfield Asset Management was the seller. The portfolio comprises 729,901 square feet on approximately 41.8 acres in established Miami industrial submarkets. At acquisition, the portfolio was 90% occupied by 74 tenants, with an average tenant size of approximately 9,864 square feet. The ... The post Longpoint Pays $195M for 10-Building Miami-Area Warehouse Portfolio appeared first on Connect CRE.
The National Multifamily Housing Council (NMHC) said its Quarterly Survey of Apartment Construction & Development Activity for the third quarter of 2026 points to a challenging development environment characterized by increasing construction costs, economic uncertainty and low rent growth. However, even as fewer projects break ground, builders and developers remain optimistic in their 6-12-month outlook on ... The post NMHC Survey Highlights Challenging Environment for Apartment Development appeared first on Connect CRE.
Avison Young has been retained to market Savoy Apartments, a 302-unit, Class A multifamily community located at 650 E. Brooklyn Village Ave. The six-story property also features four ground-floor retail suites. An Avison Young team comprised of James Nelson, Erik Edeen, James Hanson, Steven Peden and Kim Troeller is leading marketing efforts. Savoy Apartments features a ... The post 302-Unit Charlotte Rental Asset Hits the Market appeared first on Connect CRE.
Waymo is nearing a deal to lease three floors of space at Elecor Properties’ One Market Plaza in San Francisco, including two floors once occupied by Alphabet Inc.’s Google, the San Francisco Business Times reported. The self-driving car company, which reportedly has signed a letter of intent for the space, would occupy a total of ... The post Waymo Nears Deal for 120K SF of Office in San Francisco appeared first on Connect CRE.
Parkside Partners bought The Peachtree, a 21-story building at 1355 Peachtree St., intending to undertake a significant makeover. Coastal States Bank provided acquisition financing. The seller was a joint venture led by Banyan Street Capital, represented by Eastdil Secured Savills in the deal. The Atlanta Business Chronicle reports the joint venture had purchased it for ... The post Parkside Adds to Atlanta Office Holdings appeared first on Connect CRE.
Economic uncertainty drove many investors toward retail properties offering potential stability, according to Marcus & Millichap. The company’s recently released third-quarter national retail report found that many investors favored single-tenant, net-leased properties because of their perceived lower risk. Others gravitated toward shopping centers with upside through re-tenanting, upgrades and improved management. The number of $20 ... The post Retail Investors Seek Safety and Upside Amid Market Uncertainty appeared first on Connect CRE.
JSB Capital inked a $238 million refinancing of The Landmark South, a 631-unit, Class A multifamily community in Doral, Florida. Walker & Dunlop Capital Markets Institutional Advisory arranged the financing. Aaron Appel, Michael Stepniewski, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian, and Stanley Cayre arranged the floating-rate, interest-only bridge loan from Torchlight Investors. Completed in two phases in 2017 and ... The post JSB Capital Lands $238M Refi on Doral Apartment Community appeared first on Connect CRE.
Brixmor Property Group Inc. and Everview Partners said Monday they have entered into definitive agreements to acquire Toronto-based Slate Grocery REIT in a transaction valued at $2.34 billion. Under the terms of the transaction and joint venture agreements, Brixmor will effectively acquire a portfolio of 23 grocery-anchored shopping centers aggregating approximately three million square feet ... The post Brixmor, Everview to Acquire Slate Grocery REIT for $2.34 Billion appeared first on Connect CRE.
Koeppel Rosen LLC, leasing and management agent for the Rosen family portfolio, arranged a 15,038-square-foot lease expansion for Distyl AI, Inc at 135 Madison Ave. In 2025, Distyl signed a 15,038-square-foot lease for the entire 10th floor at 135 Madison. The company now occupies 30,076 square feet across two floors. Distyl AI develops AI-native operational ... The post Distyl AI Doubles Footprint at 135 Madison Ave. appeared first on Connect CRE.
Colliers has been retained as advisor for the sale and leasing of Enclave @ Carpinteria, a three-building, 121,230-square-foot advanced manufacturing and office/flex campus located at 6303-6309 Carpinteria Ave. on the Santa Barbara South Coast. The opportunity provides owner-users and growing occupiers a rare chance to establish a large-scale coastal headquarters in one of Southern California’s ... The post Colliers Named Sale and Leasing Advisor for Oceanfront Innovation Hub appeared first on Connect CRE.
Legion Investment Group, alongside SMA Equities as co-developer, completed the recapitalization of three parcels on the Upper East Side. Demolition of the existing structures on the site is already underway. “We’re closing on 201 E. 84th St., a corner assemblage that will become a new residential development on the Upper East Side,” said Victor Sigoura, founder ... The post Legion, SMA Equities Partner on Upper East Side Residential appeared first on Connect CRE.
RealSource Group, a national commercial real estate brokerage company specializing in investment sales, sale‑leasebacks and tenant representation, has arranged the sale of two new-construction, single-tenant Quick Quack Car Wash properties in Murrieta and Riverside. Each property is secured by a new 20‑year absolute triple-net ground lease. The combined sales price was $8.63 million. SVP of investment ... The post New-Construction Car Wash Properties Sell in Murrieta, Riverside appeared first on Connect CRE.
Hudson Pacific Properties, Inc. said Friday it completed the sale of 875 and 899 Howard, two downtown San Francisco properties totaling approximately 284,000 square feet, for $65.5 million before prorations and closing costs. The buyer was not disclosed. Formerly occupied by Snapchat, 875 Howard is an approximately 188,000-square-foot office building that was 36% occupied at ... The post Hudson Pacific Sells Nearly Vacant San Francisco Office Complex for $65M appeared first on Connect CRE.
Against a backdrop of high interest rates, inflation and the conflict in Iran, the “tale of two markets” scenario that began in the post-pandemic office sector now encompasses multifamily, Trepp’s Lonnie Hendry told the audience at Connect Apartments 2026 in Los Angeles. Not only is the have/have-not dichotomy market-specific, he added, “you could have two ... The post At Connect Apartments 2026, Experts See “Generational Buying Opportunities” appeared first on Connect CRE.
Newmark has arranged a $310-million construction loan on behalf of Namdar Group for 555 Summit Ave., an 873-unit multifamily development in Jersey City. The property represents the first phase of a planned two-tower development totaling 1,542 units across 555 and 547 Summit Ave. The financing was provided by TYKO. Co-head of Global Debt & Structured ... The post First Phase of Jersey City Multifamily Secures $310M Financing appeared first on Connect CRE.
Affordable Housing and Services Collaborative, Inc. (AHSC) and The Peabody Companies have been awarded funding from the state to redevelop the Linden Street Community in Needham. Built in the 1960s and 1970s and currently comprising 76 studio apartments for lower-income seniors, the Linden Street Community will be completely renovated in two phases to provide larger ... The post Partnership Awarded State Funding to Redevelop Needham Seniors Housing appeared first on Connect CRE.
Danish biopharmaceutical firm H. Lundbeck A/S, which focuses on brain health, said Friday it will establish an innovation hub in Greater Boston and relocate its U.S. headquarters to the region from Deerfield, IL. The transition will occur over the next year. “The US has been an important driver of Lundbeck’s commercial progress and remains central ... The post Danish Biopharma Firm to Relocate U.S. Headquarters to Boston Area appeared first on Connect CRE.
HFO Investment Real Estate has completed the $27.3 million sale of Fieldstone Luxury Apartments, a 154-unit community at 20650 NE Halsey St. in Fairview, Oregon. Affordable Housing Associates of Irvine, Calif., sold the property to Benedict Canyon Equities of Los Angeles. The transaction closed at a price of $177,272 per unit. The sale price marks ... The post HFO Investment Real Estate Closes $27M Sale of Luxury Apartments in Fairview appeared first on Connect CRE.
Gilbane Development recently received the green light from the Raleigh City Council to build a 7-story, 308-unit student housing project near North Carolina State University. Site plans show there will be 98 one-bedroom units, 104 two-bedroom units, 32 three-bedroom units and 74 four- and five-bedroom units. The property is 3.61 acres and currently holds ... The post Gilbane Building 308 Raleigh Student Housing Units appeared first on Connect CRE.
The One West Fourth building in Winston-Salem is up for sale. Ardent Companies is the owner of the 14-story, 439,000 square foot office tower. JLL has the marketing assignment. The property sits on about 2.3 acres and has an on-site fitness center and attached parking garage. A deli and cafe is located on the building’s ... The post Winston-Salem Office Tower For Sale appeared first on Connect CRE.
Transwestern brokered the acquisition of a 112,000-square-foot industrial property at 2100 NW 88 Court in Doral, Florida, for $29.5 million. Transwestern’s Carlos Gaviria, Ben Eisenberg, Walter Byrd and Thomas Kresse represented the buyer, Jet Engine Technology Corporation, while Casal Group represented the seller, Century Properties. The building is down the street from Jet Engine’s headquarters. ... The post Aviation Repair Company Pays Nearly $30M for Doral Warehouse appeared first on Connect CRE.
Photo: 100 Wall Street, VTS Marketplace Office-to-residential conversions might bring to mind occupier relocations, gutted interiors and retrofitted systems. Then, there are the partial office-to-residential conversions, in which some space is allocated to office occupiers, while upper floors are converted into for-rent units. “We are seeing partial conversions become an increasingly relevant option for certain ... The post Partial Office-to-Residential Conversions and Financing: The Case for a Floor-by-Floor Approach appeared first on Connect CRE.
Rilea Group broke ground on the Mohawk at Wynwood, a 300-residence mixed-use development located at 50 NE 29th St. Comprising 12- and eight-story residential towers, Mohawk will feature 300 apartments and 29,118 square feet of ground-floor retail, organized around an open-air, cobblestone pedestrian paseo connecting Northeast 28th and 29th streets. The project is being built by Coastal Construction ... The post Rilea Group Starts Work on 300-Unit Wynwood Rental Community appeared first on Connect CRE.
What was once considered an effort for sustainability is now an essential part of the commercial real estate operating budget. The main reason is money. A recent JLL article reported that the most efficient office buildings in seven global markets cost 43% to 75% less to operate annually than the least efficient buildings in the ... The post JLL Suggests that Energy Efficiency Can Be a CRE Operating-Cost Advantage appeared first on Connect CRE.
Commercial real estate executives are conflicted as they look toward 2027. On the one hand, more capital will likely be available and continue to move. On the other hand, there will be “less certainty about where to deploy it,” according to Deloitte’s 2027 Commercial Real Estate Outlook. Based on a survey of 950 industry executives, ... The post Deloitte: CRE Investors Get More Selective With Capital Heading into 2027 appeared first on Connect CRE.
“Flight to quality” has been a recurring theme in the office market. As companies consolidate and upgrade workspaces, they’re looking for newer, flashier, heavily amenitized buildings to lure workers back to the office. Or so the headlines suggest. But for many occupiers, quality doesn’t mean newer. Experts told Connect CRE that many older office buildings ... The post Quality Doesn’t Always Mean Newer Office Space appeared first on Connect CRE.
Newmark arranged an $85-million loan on behalf of InterVest Capital Partners to refinance 300 Lafayette St., a boutique mixed-use office and retail property in Manhattan’s SoHo neighborhood. Hudson Bay Capital provided the financing. Newmark Co-Head of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Director John Caraviello and Associate Director Ryan ... The post Newmark Arranges $85M Refi on Mixed-Use SoHo Property appeared first on Connect CRE.
The post California People and Company News, Week of Sept. 25, 2026 appeared first on Connect CRE.
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JLL Capital Markets completed the sale of Sunroad Plaza, a 23,540-square-foot retail center at 485 Hacienda Dr. in Vista. The price was not disclosed. Managing directors Daniel Tyner and Jeff Cicurel, alongside senior managing directors Gleb Lvovich and Geoff Tranchina, represented the seller, Sunroad Enterprises. An all-cash institutional investor acquired the asset. Built between 2022 ... The post New-Construction Vista Strip Center Goes to Institutional Buyer appeared first on Connect CRE.
Lee & Associates NYC arranged the $28.1-million sale of three adjacent mixed-use properties at 780 Lexington Ave., 782 Lexington Ave. and 136 E. 61st St. on Manhattan’s Upper East Side. Executive managing director Chris Varjan led the transaction with support from Peter Braus, James Wacht and George Steffani. The Lee NYC team represented the seller and sourced the buyer directly. The ... The post David Burris-Led Investor Group Acquires Upper East Side Assemblage appeared first on Connect CRE.
L&G’s Asset Management business in the U.S. and Taurus Investment Holdings, LLC broke ground on a new two-building, 201-unit multifamily community at 292–294 Baker Ave. in Concord, MA. Thursday’s groundbreaking ceremony brought together local officials, community representatives and project partners to celebrate the start of site work. The investment and property development is being made ... The post L&G, Taurus Break Ground on Concord Multifamily appeared first on Connect CRE.
Marcus & Millichap arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. Totaling 11 units, the properties sold for a combined $6.25 million after more than 50 years under the same family ownership. “This was the first time either property had been brought to market ... The post Russian Hill Apartments Trade After 50 Years of Family Ownership appeared first on Connect CRE.
The Los Angeles City Council voted unanimously to approve a Notice of Funding Availability (NOFA) backed by $466.6 million to build and renovate affordable housing. The largest pool of its kind in the city housing department’s history, pending approval by Mayor Karen Bass, the money will be distributed as grants and loans to developers, nonprofits ... The post LA City Council Approves Largest-Ever Funding Pool for Affordable Housing appeared first on Connect CRE.
Kroenke Sports & Entertainment (KSE) has committed to spending $135 million to renovate Ball Arena, the home arena for the Denver Nuggets and Colorado Avalanche. In addition, KSE has unveiled plans for a mixed-use project using some of the outdoor parking lots as building space. The Denver Business Journal reports the upgrades include a large ... The post Denver Arena Owner Planning Improvements, Mixed-Use Venture appeared first on Connect CRE.
Daniel Management Group (DMG), a Chicago-based multifamily management and investment company, announced the promotion of Lauren Evett to vice president of property management. The promotion reflects Evett’s expanding role at DMG as she takes on a larger and more diverse portfolio spanning a wider array of assets, clients and staff. She has become an increasingly ... The post Chicago/Midwest People & Company News, week of September 25, 2026 appeared first on Connect CRE.
KBS completed the sale of 515 Congress, a 26-story, 267,956-square-foot Class A office tower at the corner of Congress Avenue and Sixth Street in downtown Austin, Texas. A joint venture of Palmatum Ventures, AQUILA and Glendon Capital Management acquired the property. JLL represented KBS in the transaction. 515 Congress was owned by KBS Real Estate Investment Trust III. Located in ... The post KBS Acquires 26-Story Austin Office Tower appeared first on Connect CRE.
The post Texas People & Companies, September 25, 2026 appeared first on Connect CRE.
Talonvest Capital, a commercial real estate advisory firm, has secured a $63 million bridge loan on behalf of 1784 Holdings, a privately held real estate development company specializing in the development, construction, and operation of self-storage facilities. The loan, totaling $63 million, is a pre–Certificate of Occupancy bridge financing for a Class A self-storage facility ... The post Talonvest Arranges $63M for Bethesda Self-Storage Property appeared first on Connect CRE.
Darwin Investment Group announced the completion of a $130 million refinancing of a 39-building industrial portfolio totaling more than 2 million square feet across the greater Chicago area and Southeast Wisconsin. The financing was provided by a dedicated Middle Market Real Estate team within Wells Fargo Commercial Banking. In conjunction with the refinancing, Darwin Investment Group principals George Cibula and ... The post Darwin Investment Group Completes $130M Refinance of Industrial Portfolio appeared first on Connect CRE.
Fred Hutchinson Cancer Center has completed the $18 million acquisition of a former DaVita office building in Federal Way. Realty Income sold the building, which it acquired from Weyerhaeuser for $19.8 million in 2012. The 87,617-square-foot property is located at 32275 32nd Ave. S., reported the Puget Sound Business Journal. The 10.3-acre site includes 632 ... The post Fred Hutch Cancer Center Buys $18M Federal Way Office Building appeared first on Connect CRE.
In a rising interest rate environment, apartment owners face $757 billion of loans coming due between 2026 and 2028, the Wall Street Journal reported, citing Mortgage Bankers Association data. Nearly $300 billion of these loans mature in 2026 alone, at borrowing rates that are roughly twice the level of 2021, when many of the loans ... The post Apartment Investors Face $757B of Loan Maturities appeared first on Connect CRE.
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Prominent Miami-area investor Moishe Mana purchased the 110 Tower office building downtown for $89 million. GEM Realty Capital, was the seller of the 394,057 square foot office property at 110 S.E. 6th St. The S. Florida Business Journal reports National Bank of Florida provided a $66.25 million mortgage to the buyer. The 110 Tower last ... The post 30-Story Fort Lauderdale Office Tower Trades for $89M appeared first on Connect CRE.
A Morgan Properties affiliate bought a 500-unit apartment complex at 9135 Morning Ridge Road for $56.5 million. Independence Realty Trust was the seller. The Memphis Business Journal reports that Independence Realty purchased the property for $29.8 million in 2014. Morgan Properties currently owns two local apartment communities in the Memphis area: Crescent at Wolfchase and ... The post Morgan Properties Buys 500-Unit Memphis Rental Asset appeared first on Connect CRE.
Taconic Partners and Nuveen Real Estate signed a long-term lease with Sephora for approximately 4,200 square feet of ground-floor retail space at 401 W. 14th St. in Manhattan’s Meatpacking District. The current Meatpacking location on Ninth Avenue will be relocated to the new store, which is expected to open in the first quarter of 2027. ... The post Sephora Relocates Meatpacking District Store with Long-Term Lease appeared first on Connect CRE.
Avatar Financial Group LLC provided a $4.75-million bridge loan secured by a fully leased warehouse and distribution building in Santa Ana. The two-year, first-lien loan was originated at approximately 60% loan-to-value. The financing replaced two loans with one, retiring the property’s existing first mortgage along with a junior loan that had passed its maturity date. ... The post Avatar Furnishes Bridge Loan on Fully Leased Santa Ana Warehouse appeared first on Connect CRE.
George Comfort & Sons, and its partners Loeb Partners Realty and Jamestown, completed a $386-million refinancing of 200 Madison Ave., a 750,000-square-foot Grand Central district office tower. New York Life provided the five-year floating rate loan, structured with a three-year initial term and two 12-month extension options. Proceeds will be used to pay off 200 ... The post George Comfort & Sons Refinances 200 Madison for $386M appeared first on Connect CRE.
Cushman & Wakefield has arranged the sale of 410 Townsend, a historic 78,455-square-foot office building in downtown San Francisco. An affiliate of Zurich Alternative Asset Management purchased the building for $47.4 million from New York Life Real Estate Investors and Bridgeton Holdings. Seth Siegel and Ryan Venezia of Cushman & Wakefield’s Northern California Capital Markets ... The post Zurich Affiliate Acquires San Francisco Offices with Leasing Upside appeared first on Connect CRE.
JLL Capital Markets arranged joint venture equity and acquisition financing for Jasmin Terrace II, a 56-unit, newly built, luxury apartment building in Jersey City. Senior managing directors Thomas R. Didio and Thomas E. Didio Jr., senior director Gerard Quinn, associate Michael Mataras and senior analyst Joseph Gruber worked on behalf of the borrower, Tower Management Service ... The post JLL Arranges JV Equity, Acquisition Debt on Jersey City Multifamily appeared first on Connect CRE.
MassDevelopment has signed a letter of intent with Metro West Collaborative Development, a nonprofit affordable housing developer, for the sale of a 6.6-acre site at Adams Cir. in Devens. Metro West Collaborative Development intends to build 65 new apartments on the site. The proposal is among the first housing developments made possible by the Mass ... The post Devens Site Will Yield 65 Affordable Apartments appeared first on Connect CRE.
SRS Real Estate Partners completed the $4.72-million ground lease sale of a Chick-fil-A property located at 560 W. Shaw Ave. in Clovis. Situated on 2.19 acres, the 4,847-square-foot property was developed in 2026 and has a 15-year, absolute triple net ground lease in place. SVP Alexander Moore represented the seller, a Bay Area-based investor. The ... The post SRS Closes 1031 Deal for New-Construction Chick-fil-A appeared first on Connect CRE.
Hendrie Lane Capital, V12 Investments, and The Zaro Group acquired 3 & 6 Riverside Dr., a two-building, 170,771-square-foot research and development and advanced manufacturing portfolio in Andover, MA, for $43.5 million. The seller was Ciminelli Real Estate Corporation. The properties are 100% leased to a roster of established research and development and advanced manufacturing companies.Three ... The post Hendrie Lane JV Acquires Andover Manufacturing Portfolio appeared first on Connect CRE.
CIP Real Estate has acquired a multi-use business center in the supply-constrained San Gabriel Valley submarket for $60.65 million. The Walnut Tech Business Center at the intersection of Valley Boulevard and Lemon Avenue in Walnut is a 200,049-square-foot shallow bay complex comprising 11 buildings. The property is currently 92% leased. CIP will launch a $3.5-million ... The post CIP Pays $61M for San Gabriel Valley Business Park appeared first on Connect CRE.
The Mamdani administration has launched public review of the redevelopment of 100 Gold St. in Lower Manhattan, a major step toward transforming a city-owned site into approximately 4,000 new homes, including around 1,000 permanently affordable, rent-stabilized homes. The updated plan adds roughly 300 additional homes to previous estimates. Following a competitive request for proposals process, ... The post NYC Launches Public Review of Plan for 4,000 Apartments on City-Owned Site appeared first on Connect CRE.
JPMorgan Investment Management sold The Polo Lakes Apartments in Wellington for more than twice what it paid. The South Florida Business Journal reports JP Morgan paid $47.75 million for the property in 2002. TA Realty paid $105.45 million for the same 366-unit rental community in 2026. Totaling 520,918 square feet, Polo Lakes was built on ... The post TA Realty Pays $105M for Wellington Rental Community appeared first on Connect CRE.
Executive Summary The Federal Reserve’s quarter-point increase to a 3.75% to 4% target range began its first tightening campaign since July 2023, with policymakers signaling that at least one more increase may be needed before year-end. Past hiking cycles have ranged from modest adjustments to the aggressive inflation-fighting campaigns of the 1970s and early 1980s. ... The post What Past Fed Hiking Cycles Signal for Yields, Recession Risk appeared first on Connect CRE.
Piedmont plans to build a relocation hospital for Piedmont Newton Hospital, located in Covington, GA, at a cost of nearly $600 million, all of which will be borne by Piedmont. The existing hospital is licensed for 128 beds but is currently limited by its aging and landlocked physical plant. This will be the second-largest capital ... The post Piedmont Building $600M Covington Hospital appeared first on Connect CRE.
The former United Natural Foods distribution center at 6100 McIntosh Road in Sarasota is available for lease. The 766,579-square-foot space, representing approximately 82% of the 929,856-square-foot Gulf Coast Gateway building, includes 202,857 square feet of cold storage, believed to be the largest block of its kind that is available in the state. Nick DeVito II ... The post 766K-SF Sarasota Cold Storage Facility Available for Lease appeared first on Connect CRE.
Jeff Swickard, president and CEO of Swickard Group, has acquired a 90% interest in Park Avenue West, the fourth-largest building in downtown Portland and the latest prominent high-rise in his nearly $250 million investment in the city over the past year. Swickard’s commitment of more than $100 million for the majority interest in Park Avenue ... The post Swickard Acquires 90% Stake in Portland’s Park Avenue West appeared first on Connect CRE.
Vintage South offloaded a retail center portfolio made up of two Nashville properties. The 134,000-square-foot package was acquired by LBX Investments for $54.3 million. The Infill Nashville Portfolio comprises Breeze Block at 6100-6110 Robertson Ave. and Stateline at 5300 Centennial Blvd. JLL represented Vintage South. The team was led by Brad Buchanan, Richard Reid and ... The post Nashville Retail Portfolio Trades for $54.3M appeared first on Connect CRE.
JLL has been retained by the Rubin Museum of Himalayan Art to market its New York City flagship location for sale. Located at 140–154 W. 17th St. in Chelsea, the property represents a rare opportunity to reposition a historically and architecturally significant asset at the nexus of Chelsea, the Flatiron District and Greenwich Village, according ... The post JLL Lists Chelsea’s Rubin Museum for Sale appeared first on Connect CRE.
Gantry has secured a $9-million life company loan to retire a CMBS loan on Vail Ranch Town Square, a low-rise suburban office building located at 32605 Temecula Pkwy. in Temecula. Principal Tony Kaufmann and associates Toby Judge and Jake Davis with the firm’s San Francisco production office represented the borrower, a private real estate investor ... The post Gantry Arranges Life Company Loan on Temecula Offices appeared first on Connect CRE.
The Brooklyn Navy Yard Development Corporation (BNYDC) announced the third rotation of small businesses at its Yard Opportunity Shop (YOS) storefront. Now entering its third season, the YOS x Made in NYC Bodega will bring Doosra, Gracie Baked, Live Loud Foods and Oso Cacao together under one roof. Hosted in Building 92 of the Brooklyn ... The post Brooklyn Navy Yard Brings New Rotation of Small Businesses to Yard Opportunity Shop appeared first on Connect CRE.
Marcus & Millichap closed the sale of 229 Shady Ln., a circa-1969, 59-unit multifamily property located in El Cajon. The asset sold for $13.25 million, or $224,576 per unit. “Value-add apartment communities in East County San Diego continue to attract investor interest because of strong renter demand, limited housing supply and opportunities to improve operations ... The post Value-Add Rentals Go for $13M in El Cajon appeared first on Connect CRE.
Childcare franchise The Learning Experience plans to add nine locations across the New York Tri-State area and five in Upstate New York over the next 18 months. The company currently operates 43 locations in the Tri-State region. Plans call for a new Learning Experience location in Fair Lawn, NJ during the fourth quarter of 2026. ... The post The Learning Experience Plans Expansion in NY Tri-State, Upstate NY appeared first on Connect CRE.
Marcus & Millichap has the exclusive listing for sale of 85-95 Salem St. in Boston’s historic North End neighborhood. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap are leading the marketing campaign on the seller’s behalf. “This is a generational opportunity to acquire a single-story urban retail property on one of the most highly ... The post Retail and Redevelopment Site Comes to Market in Boston’s North End appeared first on Connect CRE.
McCourt Partners and Lincoln Property Company said Tuesday that the San Francisco Planning Commission has approved plans for 536 Mission St., with the commission signing off on two distinct plans for the project. Designed by Skidmore Owings & Merrill and among the first new towers in San Francisco to receive approval since the pandemic, the ... The post McCourt and Lincoln Secure Approvals for San Francisco Tower Under Two Distinct Plans appeared first on Connect CRE.
CBRE has signed three office leases across Minneapolis–St. Paul for its advisory local brokerage and business service organization businesses. CBRE signed a 15,586-square-foot lease at Arcadia, 5115 Arcadia Ave. in Edina, for its advisory employees. CBRE’s John Ferlita and John Lorence represented the company. Opus is currently constructing the 118,000-square-foot, six-story building and CBRE is ... The post CBRE Signs Three Workplace360 Office Leases in Minneapolis appeared first on Connect CRE.
Entre Commercial Realty announced the sale of a 142,370-square-foot industrial facility located at 24210 W 143rd Street in Plainfield, Illinois. Mike DeSerto, Cory Kay, and Elisabeth Lazzara of Entre Commercial Realty represented the buyer, while Colliers represented the seller in the transaction. Situated on approximately 20 acres, the freestanding industrial facility features 19 loading docks, ... The post Entre Commercial Realty Facilitates Sale of 142K-SF Facility on 20 Acres in Plainfield appeared first on Connect CRE.
Pacific Retail Capital Partners (PRCP) has formed a joint venture with Conversant Capital LLC to acquire Pacific View Mall in Ventura for an undisclosed sum. The JV combines PRCP’s retail operating and leasing expertise with Conversant’s flexible capital capabilities and deep experience investing across real estate asset classes to acquire the 884,000-square-foot property. PRCP will ... The post PRCP, Conversant Acquire Super-Regional Ventura Mall appeared first on Connect CRE.
Cushman & Wakefield arranged two full-floor office leases totaling 16,734 square feet at 61 W. 23rd St. in Manhattan’s Flatiron District, bringing the recently repositioned property to full occupancy. AI companies Normal Computing and Inspiren have each leased an entire floor at the building. Normal Computing’s space will become its new headquarters in New York ... The post AI Companies Sign Full-Floor Leases at Repositioned Flatiron District Building appeared first on Connect CRE.
CBRE facilitated the $32-million sale of Commons at Valencia, a two-building Class A office campus totaling approximately 157,189 square feet, located at 25124 and 25152 Springfield Ct. in Valencia. Strauss Investments LLC acquired the property from Harbor Associates. The CBRE team of Mark Shaffer, Anthony DeLorenzo, Sean Sullivan and Gerard Poutier represented Harbor Associates. “Commons ... The post CBRE Arranges Valencia Office Sale for Harbor Associates appeared first on Connect CRE.
Alchemy Ventures announced the sale of 310 W. 80th St., a 36-unit residential elevator building on Manhattan’s Upper West Side, to Japan-based Phoenix Co. Ltd. for $24.8 million. Alchemy originally acquired the property in February 2024 for $11.2 million, with the sale representing a significant increase from the company’s acquisition price after a gut renovation. Ian ... The post Japanese Firm Acquires Upper West Side Apartments for $25M appeared first on Connect CRE.
Hoag on Monday announced the opening of the Hoag Hospital Irvine Sun Family Campus, a $1-billion expansion that brings specialized hospitals, outpatient facilities, advanced surgical services and nationally recognized clinical programs together on one integrated campus in Irvine. The expansion adds six new buildings to the hospital campus, as well as 155 inpatient beds, bringing ... The post Hoag Hospital Opens $1B Expansion in Irvine appeared first on Connect CRE.