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The first half of 2026 generated considerable concern among commercial real estate investors and occupiers. Inflation remained sticky, prompting the Federal Reserve to hold interest rates steady. Tariff and trade uncertainty continued to generate pricing pressures, the Middle East conflict impacted oil prices, and the labor market softened despite a still-low unemployment rate. Yet commercial ... The post CRE Continues Holding Up as Occupiers and Investors are More Selective appeared first on Connect CRE.
Quantum computing infrastructure is scaling faster than the real estate needed to support it, according to JLL’s “Future of Quantum Real Estate” report. Today, much of the space and infrastructure is concentrated on university campuses. But over the next decade, JLL said it expects the private sector to play a much larger role. Unlike conventional ... The post The Real Estate Question About Quantum Computing appeared first on Connect CRE.
Tishman Speyer has signed Madewell to a long-term lease for 7,340 square feet at 1 Rockefeller Plaza. Slated to open in 2027, the new store marks Madewell’s first location at Rockefeller Center. Madewell offers premium denim, apparel, and accessories for women and men. Best known for its denim expertise, the brand is recognized for its thoughtful design, innovative approach ... The post Madewell to Open Its First Rockefeller Center Store in 2027 appeared first on Connect CRE.
NAI Capital Commercial has listed 530–532 E. Colorado Blvd. in Pasadena’s Playhouse Village District for sale, presenting an owner-user opportunity encompassing approximately 99,280 square feet across eight stories. Executive managing director Ryan Campbell, SIOR, and EVP Scott Martin are representing the property. Built in 1924 and currently vacant, 530–532 E. Colorado Blvd. features a marble-tile lobby, ... The post NAI Capital Lists Owner-User Opportunity in Pasadena’s Playhouse Village District appeared first on Connect CRE.
The post New York People and Company News, Week of August 14, 2026 appeared first on Connect CRE.
The post California People and Company News, Week of August 14, 2026 appeared first on Connect CRE.
City, county and state officials joined together to celebrate the topping off of QWest Towers, a new $158-million workforce housing development that is nearing completion in Mount Vernon, NY. Located at 1 and 25 North MacQuesten Pkwy., the project is being developed by QWest Towers LLC, a joint venture between Simone Development Companies and Stagg ... The post Joint Venture Tops Off Construction on Mount Vernon Workforce Housing appeared first on Connect CRE.
Skender has completed the 83,000-square-foot buildout of Harrison Street Asset Management’s (HSAM) headquarters at The Fulton, 919 W. Fulton Market in Chicago. The real estate and infrastructure investment management firm is relocating from its prior location at 444 W. Lake Street. HSAM’s new three-floor buildout supports the need for a more flexible and functional workplace ... The post Skender Completes New Fulton Market HQ for Harrison Street Asset Management appeared first on Connect CRE.
Streamside RV Resorts & Campgrounds, one of the fastest-growing owner-operators in the outdoor hospitality sector, today announced the acquisition of Sandy Pines Campground in Kennebunkport, ME. The transaction marks the 40th property in Streamside’s rapidly expanding national portfolio. The acquisition of the 46-acre coastal property was completed through a court-approved sale process. Located at 277 Mills Rd., ... The post Streamside RV Resorts Adds Maine Campground to National Portfolio appeared first on Connect CRE.
Bradford Allen has added to its leadership team, welcoming Nick Placek as executive vice president, development. In this role, Placek will oversee the firm’s multifamily, office, hospitality and mixed-use development and redevelopment projects from acquisition through completion. He comes to Bradford Allen with a background that incorporates expertise in construction, engineering and finance. Throughout his ... The post Chicago/Midwest People & Company News, week of August 14, 2026 appeared first on Connect CRE.
Whitewater Commercial Real Estate, a San Diego-based commercial real estate brokerage specializing in multifamily, arranged the sale of 3013 C St., a value-add complex in Golden Hill. The property sold for $5,337,276. Cole Silverman, Connor Stolle and Carson Trujillo of Whitewater represented the seller, Stephanie Ranum, and the buyer, Pfeiffer Properties, LLC. “Golden Hill continues ... The post Value-Add Golden Hill Apartments Trade in 1031 Exchange appeared first on Connect CRE.
Cushman & Wakefield arranged the sale of 73-75 Sullivan St., a newly constructed mixed-use property totaling 32,957 square feet and comprising 11 residential units and a ground-floor commercial space anchored by The Montessori School. The final sale price was $43,333,000. A Cushman & Wakefield team of Dylan Walsh, Niko Nicolaou, Ryan Dowd and Andrew Berry ... The post AV Management Nabs SoHo Mixed-Use for $43M appeared first on Connect CRE.
The U.S. multifamily market gained momentum in the second quarter of 2026 as apartment demand accelerated and new construction continued to moderate, CBRE said Wednesday. Net absorption of 167,500 units nearly doubled the Q1 tally, while the national multifamily vacancy rate declined by 50 basis points quarter-over quarter to 4.3%, below its long-term average of ... The post U.S. Multifamily Gains Momentum in Q2 2026 as Absorption Surges appeared first on Connect CRE.
SRS Real Estate Partners arranged the $41-million sale of San Dimas Commerce Center, a 19-building light industrial park located at 410-490 W. Arrow Hwy, in San Dimas. VP Dave Faris and EVP and senior managing principal Richard Schwartz represented the seller, San Dimas BP LLC. The buyer is an institutional investor with a national presence. ... The post Institutional Investor Snares San Dimas Light Industrial Park appeared first on Connect CRE.
Permits have been approved for a new 10-story affordable senior housing development at 105 W. Tremont Ave. in the Morris Heights neighborhood of the Bronx. Developed by Crown Holdings in partnership with The Community Builders, one of the nation’s largest affordable housing organizations, the project will provide 95 Affordable Independent Residences forSeniors (AIRS) and form ... The post Morris Heights Seniors Housing Project Secures Permits appeared first on Connect CRE.
JLL Capital Markets arranged the $30.4-million sale of Terra Nova Plaza, a fully leased, 96,114-square-foot retail property positioned within a 301,000-square-foot regional shopping center in Chula Vista. Senior managing director Gleb Lvovich, managing director Daniel Tyner and senior managing director Geoff Tranchina. represented the seller, a global investment manager. Located at 390 E H St., Terra Nova Plaza sits ... The post Fully Leased Chula Vista Retail Fetches $30M appeared first on Connect CRE.
Walker & Dunlop, Inc. has arranged $147.5 million in debt and equity capitalization for the construction of 2 South Main, a 322-unit multifamily project in downtown Port Chester, NY. The sponsorship group is a joint venture between Hyperion, Winter Properties and AIP. The Walker & Dunlop Capital Markets team of Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin, and Dawson Jessee arranged ... The post Walker & Dunlop Arranges Debt, Equity for Port Chester Multifamily Project appeared first on Connect CRE.
Barnes & Noble announced the upcoming opening of its newest bookstore in Chicago, Illinois. The new store is to open on State Street in The Loop, in the historic building that was once a flagship Borders Bookstore. More recently, the building was occupied by Old Navy. The store, located at 150 N State Street, is ... The post Barnes & Noble Opens New Store in Chicago appeared first on Connect CRE.
The Hamilton Company has leased approximately 10,000 square feet to Sprit Halloween at 55 Riverside Ave. in Medford, MA, which formerly housed a CVS. The retailer will open more than 1,550 seasonal locations this year across strip malls and shopping centers throughout North America, signaling the start of the Halloween season. “We are excited to have Spirit Halloween in our ... The post Spirit Halloween Inks Seasonal Lease for 10K SF in Medford appeared first on Connect CRE.
L&G’s Asset Management business in the U.S. has acquired a development site in Concord, Massachusetts, and plans to begin construction on a new two-building, 201-unit multifamily community. The investment and property development is being made on behalf of L&G’s Institutional Retirement business, which is deploying long-term retirement capital to support new housing supply. The project ... The post Chicago-Based L&G Acquires Site to Build Multifamily Property in Boston appeared first on Connect CRE.
The Levin Johnston team at Marcus & Millichap directed the $12.1-million acquisition of Alamo Park Apartments, a 33-unit multifamily community in Mountain View, on behalf of a private investor. The acquisition completes a 1031 exchange that began with July’s $5.6-million sale of The Colony House Apartments in Sacramento. Located at 620 Alamo Ct., the original 25-unit community ... The post Levin Johnston Completes 1031 Exchange with Mountain View Apartment Deal appeared first on Connect CRE.
Steel Peak has acquired an industrial outdoor storage (IOS) property located at 1031 4th Avenue North in Kent, Washington, for $9 million. This is Steel Peak’s fourth IOS property acquisition in the Seattle area in the past 12 months and 15th overall. Will Schmidt of CBRE represented Steel Peak in its acquisition. “This acquisition checks ... The post Steel Peak Acquires Seattle-Area IOS Property appeared first on Connect CRE.
Gov. Gavin Newsom announced nearly $239 million in construction-gap funding for 20 affordable multifamily developments across California. The projects underwent a streamlined approval process to keep development on track and cut red tape, according to the governor’s office. With project costs totaling more than $1.2 billion, the development will bring 1,700 affordable units to market. ... The post California Awards $239M in Gap Funding to 20 Affordable Projects appeared first on Connect CRE.
Gantry has secured a $13.65 million permanent loan to refinance maturing debt for Parkway Village at Sherwood, located at 21174-21430 SW Langer Farm Parkway in Sherwood, a Portland suburb approximately 15 miles from the city center. The 45,653-square-foot center is anchored by Walmart and features tenants such as Starbucks, Chipotle, The Old Spaghetti Factory, Panera ... The post Walmart-Anchored Retail Property in Portland Secures $14M Refinancing appeared first on Connect CRE.
Compass Health Center, a provider of mental healthcare, has signed a lease to occupy 22,203 square feet of space at 3160 Fairview Park Drive in Falls Church, Virginia. The Savills team of Vice Chairman Eric Feinberg, Corporate Managing Director Brandon Nasatir, Managing Director Nick DiChiara, and Executive Vice President Jon Glass represented Compass Health Center ... The post Savills Arranges Compass Health Center’s First Location in Virginia appeared first on Connect CRE.
L&G’s Asset Management business in the U.S. has acquired a development site at 292-294 Baker Ave. in Concord, MA and plans to begin construction on a two-building, 201-unit multifamily community. The company’s first ground-up development in the U.S., the project continues L&G’s partnership with Taurus Investment Holdings, LLC. The investment is being made on behalf ... The post L&G, Taurus Partner on Ground-Up Multifamily Project in Greater Boston appeared first on Connect CRE.
Vornado Realty Trust and Rudin Management have formally agreed to enter into a joint venture with an affiliate of Kenneth C. Griffin, Citadel’s founder and CEO (KG), to develop a 1.9-million-square-foot trophy office building at 350 Park Ave. In connection with the development, Citadel will lease 1.05 million square feet for 15 years as its ... The post Ken Griffin, Vornado, Rudin to Form JV for $6B 350 Park Ave. Development appeared first on Connect CRE.
LaPour Partners plans to transform a once-thriving 19-story Phoenix office tower into a 340-room hotel. The Phoenix Business Journal reports the repurposed property at 400 E. Van Buren St. will be across the street from another signature hotel, the 1,000-room Sheraton Phoenix Downtown. Arizona Center was built in the early 1990s but has fallen into ... The post Vacant Arizona Center Office Tower Converting to JW Marriott Hotel appeared first on Connect CRE.
Silverstein Properties announced that Dunn Isaacson Rhee LLP has signed a new lease for 11,167 square feet of office space on the 34th floor of 7 World Trade Center. The lease establishes a New York office for the firm, an elite litigation boutique. “Dunn Isaacson Rhee represents the caliber of organization that continues to define 7 ... The post Law Firm Dunn Isaacson Rhee Establishes NYC Office at 7 World Trade Center appeared first on Connect CRE.
Newmark arranged the sale of a note secured by Topaz Tower, a fully entitled adaptive reuse development project located at 222 W. 6th St. in San Pedro. The 12-story, 309,732-square-foot office tower is entitled for conversion to 246 market-rate multifamily units. Executive managing director Ryan Plummer, co-head of U.S. Capital Markets Kevin Shannon, vice chairman ... The post Newmark Closes Note Sale on San Pedro Adaptive Reuse appeared first on Connect CRE.
The Domain Companies has closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in Astoria, Queens. Domain’s equity partners on the deal are Canyon Partners Real Estate and BLDG Management. The financing was brokered by Chris Peck and Nicco Lupo of ... The post Domain Lines Up $176M Financing for Mixed-Income Astoria Rentals appeared first on Connect CRE.
Brixton Capital, a vertically integrated owner and operator of retail and multifamily properties, has secured a lease with La La Land Café to occupy the mezzanine terrace and café space at its upscale Del Mar Plaza retail destination. La La Land will occupy 1,168 square feet of interior space, with additional sitting and queueing space extending ... The post La La Land Cafe Signs with Brixton Capital for First San Diego Location appeared first on Connect CRE.
JLL has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, a 216-unit portfolio of seniors housing communities located in Lake Elmo and Arden Hills, Minnesota. JLL’s Seniors Housing Capital Markets team represented the seller, Trident Development, in the transaction and secured the buyer, LTC Properties, Inc. Lifespark will remain the ... The post JLL Arranges Sale of Two Twin Cities Seniors Housing Properties appeared first on Connect CRE.
Veteran multifamily investment brokerage professional Debbie Pomerantz has launched an independent commercial real estate brokerage firm, DLP Real Estate. The firm’s debut aligns with the $13.25-million sale of Raritan Riverside, a newly constructed, 42-unit luxury multifamily community located at 21 Orlando Dr. in Raritan, NJ. Pomerantz represented the unnamed seller and procured the buyer. The newly completed Raritan Riverside offers a mix of ... The post Debbie Pomerantz Launches Independent Multifamily Brokerage appeared first on Connect CRE.
Ambrose has broken ground on Buildings I & II at Plainfield Innovation Park, a 720-acre business park in Plainfield, Indiana, a southwest suburb of Indianapolis. Building I will be approximately 181,000 square feet, while Building II will be approximately 217,000 square feet, each including a 2,925-square-foot office area and minimum divisibility of 50,000 square feet. ... The post Ambrose Breaks Ground on Buildings at 720-Acre Indiana Business Park appeared first on Connect CRE.
Essex Three-Twelve completed the sale of 3141 N. Oakley Ave., a turnkey three-unit multifamily property located in Chicago’s Roscoe Village neighborhood. The property sold for $1.24 million, with Essex Three-Twelve Director Mitir Patel representing the seller. Turnkey three-unit properties are rarely available in Roscoe Village, where strong demand and limited inventory continue to create a ... The post Roscoe Village MF Sells in Deal Brokered by Essex Three-Twelve appeared first on Connect CRE.
Hunneman has been appointed as the exclusive leasing agent for Highwood Office Park, a three-building office campus located in Tewksbury, MA, on behalf of KS Partners. The property is comprised of more than 265,000 square feet of office and flex use space across 1, 2 and 3 Highwood Dr., with available suites ranging from approximately 4,000 ... The post Hunneman Named Leasing Agent for Tewksbury Office Complex appeared first on Connect CRE.
Keystone Mortgage Corp. recently closed on a $22,000,000 permanent loan on a multifamily property located in Belmont. The financing was provided by Voya Financial at a fixed interest rate of 5.47%. The borrower was not disclosed. The transaction reflects continued lender appetite for well-located multifamily assets in supply-constrained California markets, and demonstrates Keystone’s ability to ... The post Keystone Arranges $22M Permanent Loan for Belmont Multifamily appeared first on Connect CRE.
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has topped out construction on the firm’s first Manhattan project, The Marq, a 25-story luxury residential tower in SoHo. Slated for completion in the fourth quarter of 2027, the project will include 99 units, 2,072 square feet of ground-floor retail and 25 affordable apartments. Located on ... The post High Street Residential Tops Out on First Manhattan Development appeared first on Connect CRE.
CBRE has arranged a 7,000‑square‑foot retail lease for Vietnamese beauty retailer Hasaki at Cudahy Plaza in Cudahy, marking the brand’s first U.S. store. Hai T. Dang with CBRE’s San Jose office represented the tenant. The landlord is Excel Realty Partners, LP. Cudahy Plaza, located at 7903–8017 South Atlantic Ave., is an open‑air retail center anchored by national retailers ... The post Vietnamese Beauty Brand Hasaki Makes U.S. Debut in Cudahy appeared first on Connect CRE.
SL Green Realty Corp said Monday that OceanSound, LP has signed a new five-year, 32,032 square foot lease covering floors 8, 22 and 23 at 450 Park Ave. The private equity firm, which focuses on the technology sector, currently subleases 21,640 square feet “We’re proud to extend and expand our valued relationship with OceanSound at ... The post PE Firm OceanSound Expands Presence at SL Green’s 450 Park Ave. appeared first on Connect CRE.
Marcus & Millichap Capital Corporation (MMCC) arranged $7,380,000 in financing for Beaumont RV and Self Storage, a 49,958-square-foot self-storage property located at 251 W. 1st St. in Beaumont. Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the 10-year financing with a national federal credit union on behalf of a private client. The loan carries a ... The post MMCC Arranges Financing for Riverside County Self-Storage Property appeared first on Connect CRE.
3650 Capital has provided an approximately $24-million senior construction loan to finance the completion of 1060 Nepperhan Avenue, a 949-unit self-storage development located in Yonkers, NY. The project will be branded and operated by CubeSmart. The development is sponsored jointly by Cayre Equities and KCT Inc., the property’s original developer. The 3650 financing was provided ... The post 3650 Capital Furnishes Construction Loan for Yonkers Self-Storage appeared first on Connect CRE.
MassDevelopment announced that Bran Shim has joined the agency as EVP and CFO. Shim will serve as a member of the agency’s executive team and provide enterprise-wide financial leadership and stewardship, including oversight of all financial and accounting functions for the agency. “Bran Shim has spent more than a decade helping strengthen the Commonwealth’s financial foundation through ... The post MassDevelopment Adds Bran Shim as New CFO appeared first on Connect CRE.
Talonvest Capital closed a $105,000,000 refinancing for a two-hotel campus in Sunnyvale on behalf of K1 Dev, LLC, an entity controlled by T2 Hospitality, a vertically integrated hospitality real estate investment and development company. The properties include the 186-key TETRA Hotel, Autograph Collection, and the 164-key AC Hotel by Marriott Sunnyvale Moffett Park. The refinancing consists ... The post Talonvest Closes Refi for Two-Hotel Sunnyvale Campus appeared first on Connect CRE.
The City of Boston put much of its $560 million in pandemic-era relief funds into building housing. As a result, Boston has seen more than 6,200 new income-restricted units built or under construction during Mayor Michelle Wu’s first term, the highest level of production in the past 25 years, according to a new report from ... The post Boston Sees Building Boom in Subsidized Housing appeared first on Connect CRE.
SRS Real Estate Partners has completed the $6.92 million sale of a single-tenant grocery property located at 2103 Parkview Avenue in Kalamazoo, Michigan. The 29,000-square-foot freestanding grocery property is situated on 2.33 acres and is occupied by D&W Fresh Market, operated by a subsidiary of C&S Wholesale, under a corporate-guaranteed absolute triple net lease. Originally ... The post SRS Real Estate Partners Completes Sale of Grocery Property in Michigan appeared first on Connect CRE.
Gantry has secured a $30.5 million permanent loan to refinance maturing debt for a 603,000-square-foot warehouse facility located in the Skyport Industrial Center at 7501 NW 106th Terrace in Kansas City’s Northland submarket. The multi-tenant facility underwent a full renovation in 2023 and is now 100%-leased in a multi-tenant format for a range of logistics ... The post Gantry Secures $31M for Kansas City Warehouse Facility appeared first on Connect CRE.
Colliers SVP Seth Hecht has secured a 10-year, 13,815-square-foot lease renewal for architecture firm Selldorf Architects at 860 Broadway. Hecht represented Gordon Property Group in completing the long-term renewal transaction. Selldorf Architects was represented by Erik Schmall and Scott Weiss of Savills. Led by internationally acclaimed architect Annabelle Selldorf, the firm has called 860 Broadway ... The post Selldorf Architects Signs Long-Term Renewal at 860 Broadway appeared first on Connect CRE.
Advertising agency Innocean USA has signed a new 101,000-square-foot office lease at Hackman Capital Partners’ 888 N. Douglas property in El Segundo. The space will serve as the company’s U.S. headquarters and represents a relocation from 50,000 square feet of space in Huntington Beach. The tenant will move into its new space after construction concludes in 2027. JLL’s Jason Fine, Jeff Ingham, and Mitch Lundquist represented Innocean USA in the new lease. Hackman ... The post Innocean USA Signs 100K-SF lease with Hackman Capital in Headquarters Relocation appeared first on Connect CRE.
Ariel Property Advisors closed the sale of 425 Devoe Ave., a vacant multi-story industrial property in the West Farms neighborhood of The Bronx, for $10,750,000. The property spans 60,000 square feet above grade, which translates to $180 per square foot, with an additional 30,000 square feet below grade. An Ariel investment sales team led by senior director Jason ... The post MADDD Equities Scoops Up Vacant West Farms Industrial appeared first on Connect CRE.
Shopoff Realty Investments has secured unanimous approval from the Buena Park City Council for 5600 Beach Blvd, a 13.76-acre residential development in Buena Park. The property is currently occupied by the Amway Corporation with a corporate sale-leaseback in place until the end of 2026 and consists of two industrial buildings totaling approximately 370,031 square feet. “5600 Beach ... The post Shopoff Secures Approval for Buena Park Residential Development appeared first on Connect CRE.
Marcus & Millichap completed the sale of Park Plaza, a retail center in Matawan, NJ. The asset sold for $14.67 million. “Park Plaza attracted significant investor interest due to its diverse tenant mix, strong visibility and strategic location within one of Monmouth County’s most established retail corridors,” said Seth Goldberg, associate director investments in Marcus & ... The post Matawan Retail Trades to Private Investor for $15M appeared first on Connect CRE.
Dana-Farber Cancer Institute and Sturdy Health have opened a new clinic in Attleboro, offering expanded outpatient medical oncology and hematology care for patients in Southern Massachusetts. Dana-Farber will operate the new ambulatory cancer clinic within the newly constructed Sturdy Health Specialty Care Building on the Sturdy Health campus. The new center, with 10 exam rooms ... The post Dana-Farber Opens Outpatient Oncology and Hematology Clinic in Attleboro appeared first on Connect CRE.
RAF Pacifica Group (RPG), a commercial real estate investment firm focused on acquiring and developing retail, industrial, mixed-use, and office properties across San Diego, has acquired a fully leased, five-tenant retail building at 548-568 South Coast Hwy. 101 in downtown Encinitas. The acquisition price was not disclosed. “Properties like this rarely make it to market, ... The post RAF Pacifica Group Acquires Fully Leased Retail in Downtown Encinitas appeared first on Connect CRE.
Following its recent funding announcement, advanced metals company Foundation Alloy has selected 45 Industrial Pkwy. in Woburn, MA as the home of its first dedicated manufacturing headquarters..Relocating from MIT’s The Engine, the company has leased approximately 36,055 square feet, which will support the manufacturing, laboratory and research infrastructure needed to scale production and support its ... The post Foundation Alloy Moves to Woburn for First Dedicated Manufacturing HQ appeared first on Connect CRE.
Hadrian ,a Torrance-based advanced manufacturing company building highly automated factories, has raised $1.37 billion in Series D financing. The capital raise values Hadrian at $7.87 billion. The company said it will use the financing to construct new factories, expand its research and development and advance its artificial intelligence-powered production capabilities. WCM Investment Management, Washington Harbour ... The post Automated Factory Builder Hadrian Raises $1.37B in Series D Round appeared first on Connect CRE.
Newmark has arranged a long-term, full-building industrial lease totaling 150,316 square feet on behalf of the tenant, Dynamic Manufacturing, at 7801 Industrial Drive in Forest Park, Illinois. Newmark Senior Managing Director Corey Chase represented the tenant in the lease negotiations. The landlord is First Industrial Realty Trust, Inc. Dynamic Manufacturing will utilize the facility for ... The post Newmark Arranges Full-Building Lease for Dynamic Manufacturing in Forest Park appeared first on Connect CRE.
Trident Capital Group and O’Connor Capital Partners announced the closing of a joint venture with Clarion Partners for the next phase of its Rickenbacker Industrial Center, a 959,579 square-foot speculative industrial facility located at 1669 Rohr Road in Columbus, Ohio. The partners also announced that construction has broken ground on the project, with delivery targeted ... The post 960K-SF Speculative Industrial Development in Columbus Breaks Ground appeared first on Connect CRE.
Link Logistics, an operator of last-mile industrial real estate and warehouse properties, announced the addition to its portfolio of a 402,444-square-foot industrial asset located at 5100 Jeff Commerce Drive in Louisville, Kentucky. Link Logistics was represented by CBRE in the transaction. The seller was represented by NAI Fortis and Lee & Associates. Located in Louisville’s ... The post Link Logistics Acquires 400K-SF Industrial Asset in Louisville appeared first on Connect CRE.
Newmark said Friday it has advised on the sale and arranged $155 million in acquisition financing for 10 E. 53rd St., a 385,224-square-foot Class A office tower in Manhattan’s Plaza District. Meadow Partners acquired the property from seller SL Green Realty Corp. for $312 million. The acquisition loan was provided by Corebridge Financial, according to published reports. Co-Head ... The post Newmark Arranges $312M Sale of Plaza District Office Tower appeared first on Connect CRE.
Savills has represented Lasko Products, Inc. in the sale of its 132,736-square-foot industrial facility located at 525 Mill Street in Columbia, Pennsylvania. Associate Director Michael Styer and Associate Director Jonathan Kays represented Lasko in the transaction. The facility was sold to Kleen-Rite Corp for $8.95 million, equating to $67.50 per square foot. “From day one, ... The post Savills Represents Lasko Products in Pennsylvania Industrial Property Deal appeared first on Connect CRE.
Newmark Group, Inc. said Friday that Barry Gosin will step down as CEO at the end of 2026. Gosin has served in this role since 1979. He will continue as chairman of Newmark & Company Real Estate, Inc., Newmark’s operating company, to focus on relevant and impactful topics, as well as to support a seamless ... The post Newmark Group CEO Barry Gosin to Step Down at Year’s End appeared first on Connect CRE.
The U.S. industrial market showed signs of stabilization in the second quarter of 2026, with demand beginning to outpace new deliveries while developers remained disciplined about adding new supply. Quarterly reports from CBRE, Colliers, Cushman & Wakefield, JLL and Lee & Associates discuss a sector that is moving beyond the oversupply concerns of the past ... The post Q2: U.S. Industrial Market Moves Toward Balance as Demand Outpaces New Supply appeared first on Connect CRE.
When JLL introduced its six forces reshaping global commercial real estate in late 2025, the 2026 outlook was relatively optimistic. The forecast suggested renewed momentum supported by shrinking supply pipelines, economic growth, easing trade concerns, moderating inflation and lower interest rates. Six months later, things have greatly changed. The Middle East conflict, the closure of ... The post The Forces Impacting CRE as AI, Energy and Supply Constraints Take Hold appeared first on Connect CRE.
Transitional lending was once viewed as a temporary financing solution. Today, it’s becoming a core strategy for life insurers as banks continue moving out of commercial real estate lending, according to a new report from Nuveen. The report said that lower property valuations, tighter banking regulations and a wave of loan maturities are changing the ... The post The New Role of Transitional Debt in Commercial Real Estate Finance appeared first on Connect CRE.
GFP Real Estate said Thursday that Maybern, a financial technology company specializing in fund management solutions for private markets, has signed a long-term lease expansion at 10 Astor Place, more than doubling its footprint at the property from approximately 11,000 square feet to 30,000 square feet. The expansion encompasses the property’s entire fourth floor. Maybern ... The post Fintech Firm More Than Doubles Footprint at 10 Astor Place appeared first on Connect CRE.
DAUM Commercial Real Estate Services completed a 10-year lease agreement for a 35,333 square-foot industrial property at 2945 East Maria St. in Rancho Dominguez on behalf of landlord Crown Associates Realty, Inc. The facility will serve as the West Coast operations hub for Cactus Fabrication, a company specializing in production fabrication for television, film and music ... The post Production Fabrication Firm Relocates to Rancho Dominguez appeared first on Connect CRE.
The post New York People and Company News, Week of August 7, 2026 appeared first on Connect CRE.
St. Louis-based McCarthy Holdings, Inc., announced that Dhruv Patel has been named President and Chief Operating Officer. Patel will report directly to Chairman and Chief Executive Officer Ray Sedey. He will be responsible for strengthening alignment across McCarthy’s regional and national businesses. Patel replaces Chief Operating Officer Joe Jouvenal, who is transitioning into a new ... The post Chicago/Midwest People & Company News, week of August 7, 2026 appeared first on Connect CRE.
The post California People and Company News, Week of August 7, 2026 appeared first on Connect CRE.
In the years following the pandemic, industrial and multifamily properties were the darlings of commercial real estate investors. Meanwhile, the office sector, weighed down by high vacancy rates and screaming headlines about “urban doom loops,” was relegated to the bottom of many investment strategies. That dynamic could be changing. According to MSCI’s Q2 2026 Real ... The post MSCI: Office Prices Show Signs of Recovery as Industrial, Apartments Lose Momentum appeared first on Connect CRE.
The NRP Group announced the groundbreaking of OSU East, a 336-unit housing community in Columbus, Ohio. OSU East marks The NRP Group’s first market-rate community in Columbus. The project is situated on a 27.5-acre site on West Dublin Granville Road that will include an additional 138 for-sale townhomes developed by M/I Homes of Central Ohio ... The post The NRP Group Breaks Ground on 336-Unit Multifamily in Ohio appeared first on Connect CRE.
JLL Capital Markets arranged permanent financing for a fully leased industrial facility at 111 Fieldcrest Ave. in Edison, NJ, within the Exit 10 submarket. Senior managing director Michael Klein, senior director Max Custer and analyst Kevin Badger. worked on behalf of the borrower, Summit Associates Inc., to secure a loan through a life insurance company. The closing ... The post JLL Arranges Permanent Loan for Industrial in NJ’s Exit 10 Submarket appeared first on Connect CRE.
Chicago-based Lexington Homes announced its second new townhome community, Northbrook Row, in Northbrook, Illinois. The new development will offer 53 townhomes and feature a combination of homes from the builder’s redesigned Mews floor plans. Located at 1825 Shermer Road, Northbrook Row will offer 33 single-family rowhomes with three levels of living space, a private yard ... The post Lexington Homes to Build 53 Townhomes in Chicago’s North Shore appeared first on Connect CRE.
Marcus Partners has acquired 6 Industrial Way in Salem, NH. The 155,000-square-foot warehouse/distribution asset was sourced off-market in the supply-constrained Southern NH market. “As we follow durable sector trends tied to supply chain and logistics network modernization, advanced manufacturing, and defense technology, 6 Industrial enhances our Greater Boston portfolio and increases our presence in the ... The post Marcus Partners Grows Greater Boston Industrial Presence appeared first on Connect CRE.
Hawkins Way Capital and joint venture partner Varde Partners completed the acquisition of 81 E. 3rd St., a student housing property located in Manhattan’s East Village. Acquired for $28 million, the off-market transaction marks a strategic addition to the growing FOUND Study student housing portfolio and expands the platform’s presence in one of New York ... The post Hawkins Way, Varde Acquire East Village Student Housing appeared first on Connect CRE.
NAI Capital Commercial executive managing director Ryan Campbell, SIOR, represented The Olson Company in its $24,850,000 acquisition of a 7.9-acre office campus at 601 Potrero Grande Dr. and 2100 Saturn St. in Monterey Park. The campus includes two office buildings totaling 120,191 square feet. The buyer plans to redevelop the property into a new residential community. Originally ... The post Former Blue Shield of CA Offices Trade for Residential Conversion appeared first on Connect CRE.
Rudin has secured an agreement with JAMS, a provider of alternative dispute resolution services, to relocate its New York Resolution Center to 3 Times Square. The tenant will occupy 55,335 square feet across the entirety of the building’s top two floors. As part of the 11-year lease, JAMS is expected to move from its current offices at 620 Eighth Ave. ... The post JAMS Relocating New York Offices to 3 Times Square appeared first on Connect CRE.
Shopoff Realty Investments has sold a proposed 1.06-acre condominium development, Park Palm in Newport Beach, to Shea Homes for an undisclosed sum. The property is part of Shopoff’s master plan community, Uptown Newport Village, and is entitled for 23 townhomes. Shopoff acquired the 25-acre Uptown Newport Village site in December 2010. The firm set out ... The post Shopoff Sells Site of Proposed Newport Beach Condo Development appeared first on Connect CRE.
JLL Capital Markets has been retained by Traingle Equities as sales advisor for Lighthouse Point, a newly completed, transit-oriented, Class A multifamily waterfront development located at 5 Bay St. in the St. George neighborhood of Staten Island. The asking price is $45 million. Lighthouse Point is a mixed-use development situated adjacent to the Staten Island ... The post JLL Lists Staten Island Waterfront Development for $45M appeared first on Connect CRE.
The Ardent Companies and Ironwood Development Partners announced the opening of a Class-A self-storage facility in Woonsocket, RI. Located at 153 Hamlet Ave., the three-story, 80,000-square-foot property features 913 climate-controlled units. It will be managed by Extra Space Storage. The project marks Ardent’s first completed development in Rhode Island and the 10th asset delivered through its Self-Storage Development ... The post Ardent, Ironwood Open Self-Storage on Former Brownfield in Woonsocket appeared first on Connect CRE.
Lightstone Capital, Lightstone’s real estate debt platform, recently closed three originations totaling $70 million across California and Texas. The financings include two multifamily communities in the San Diego region and an industrial property in the greater Houston logistics corridor. In California, Lightstone Capital originated a senior loan for Kaya Apartments, a 78-unit multifamily community at 2700 Third Ave. in San ... The post Lightstone Capital Originates Senior Loans for Two San Diego Multifamily Properties appeared first on Connect CRE.
An office property in San Francisco’s South Financial District that’s home to software firm Docusign Inc. is hitting the market with one of the highest asking prices seen locally since the pandemic, the San Francisco Business Times reported. The 383,000-square-foot 221 Main St., owned by Pimco Prime Real Estate and managed by Columbia Property Trust, ... The post Docusign Headquarters Hits the Market at Reported $250M appeared first on Connect CRE.
Bell Partners has acquired Reading Commons, a 204-unit apartment community completed in 2006 and located in Reading, MA, roughly 30 minutes north of downtown Boston. The deal brings the multifamily investment manager and operator’s Greater Boston ownership and management portfolio to more than 1,450 units. Located near Interstate 93 and Route 128, the property has been ... The post Bell Partners Expands Greater Boston Presence with Reading Property appeared first on Connect CRE.
Zenith Industrial Outdoor Storage, a vertically integrated industrial outdoor storage investment platform, in partnership with institutional investors advised by J.P. Morgan Asset Management, has closed on a $215-million senior secured credit facility with an accordion feature allowing for total commitments up to $500 million. The facility, provided by KeyBank as administrative agent and joint lead arranger, ... The post Zenith IOS, J.P. Morgan Asset Management Close on $215M Credit Facility appeared first on Connect CRE.
Drever Partners announced the start of pre-leasing for Live Oak Apartments, a new apartment community offering a mix of studio and one-bedroom homes in the heart of Branson’s Theater District. Located at 3011 W. 76 Country Blvd., Live Oak Apartments transformed a former hotel into a residential community that expands Branson’s housing inventory while helping ... The post Drever Partners Launches Pre-Leasing at Missouri Hotel-to-Residential Conversion Property appeared first on Connect CRE.
Quantum Real Estate Advisors, Inc. has brokered the sale of a five-property shopping center portfolio located throughout the Midwest. The properties are in Illinois, Ohio, and Wisconsin and consist of roughly 67,000 square feet. The portfolio featured a diverse tenant lineup, including local, regional, and national tenants. The purchaser is a global real estate investment ... The post Quantum Real Estate Advisors Brokers Sale of Midwest Retail Portfolio appeared first on Connect CRE.
Zoneomics, a zoning data and intelligence company, has launched Bassett.ai, an AI operating system for zoning and the built environment. Designed for real estate developers, urban planners, architects, brokers, lenders and legal teams, among other professionals, Bassett.ai is reportedly the first publicly available intelligence product to optimize Zoneomics’ library of streamlined zoning data, which includes every ... The post Zoneomics Introduces AI Platform for Zoning and Built Environment appeared first on Connect CRE.
Colliers arranged the $18.4 million sale of Sunset Self-Storage, a newly constructed self-storage facility at 5514 152nd St. E. in Puyallup, Washington. Executive Vice President Jacob Becher and Vice President Nate Fliflet represented both the buyer, BVDSS Puyallup Owner LLC, and the seller, Mitchell RE Holdings LLC. “Strong institutional demand and a highly competitive bidding ... The post Colliers Brokers $18M Sale of Newly Constructed Self-Storage appeared first on Connect CRE.
The Union Station Redevelopment Corporation (USRC) announced a new wave of food and beverage and retail tenants coming to Washington Union Station. Five newly signed tenants are expected to debut in the coming months, adding to the station’s mix of retail and amenities. This lineup of upcoming tenants includes Andy’s Pizza, Housebar, Capo Deli, Joe ... The post Five New Retail Tenants to Debut at Washington Union Station appeared first on Connect CRE.
Savills announced that Adams Street Partners, a private markets investment management firm, has signed a long-term lease for approximately 46,000 square feet at 120 South Riverside Plaza, relocating its headquarters from One North Wacker. The firm is expected to move into the new space next summer. The Savills team of Vice Chairman John Goodman, Vice ... The post Savills Announces Adams Street HQ Relocation to 120 South Riverside Plaza appeared first on Connect CRE.
Comstock Holding Companies announced the signing of a 77,000-square-foot office lease with QTS Data Centers at 1800 Reston Row Plaza in Reston Station. The long-term lease encompasses the entire 11th, 12th, and 13th floors of the building. Blackstone owns QTS Data Centers, an independent data center operator. “Reston Station’s premier location, accessibility and vibrant business ... The post Data Center Operator QTS Signs HQ Lease at Reston Station appeared first on Connect CRE.
AmTrustRE has signed the New York City Taxi and Limousine Commission (TLC) to 39,000 square feet at 250 Broadway for its new headquarters. Occupancy is expected in Q1 2027. “We’re proud to welcome the Taxi and Limousine Commission to 250 Broadway as they establish their new headquarters,” said Jonathan Bennett, president of AmTrustRE. “Our relationship with the City of New ... The post NYC Taxi and Limousine Commission Moves Headquarters to 250 Broadway appeared first on Connect CRE.
Colliers completed the $8,500,000 sale of a multifamily complex located at 1775 Beloit Ave. in West Los Angeles. Vice chair Kitty Wallace represented both the buyer, UCLA Housing Group, and the seller, Enterprise Bank. The sale was completed through a court-appointed receivership process. UCLA Housing Group plans to convert the property into student housing. Constructed ... The post Co-Living Complex Near UCLA Will Become Student Housing appeared first on Connect CRE.
JLL Capital Markets closed the $23.5-million sale of 1150 Broadway, a residential development site in the Bedford-Stuyvesant neighborhood of Brooklyn. The team of Brendan Maddigan, Steve Rutman, Mike Mazzara and Ethan Stanton represented the seller, A-PLUS International Realty, and negotiated directly with the buyers, Brooklyn-based YS Developers and Rabsky Group. Situated at the crossroads of ... The post Development Site with Uncommonly Long Frontage Sells in Brooklyn appeared first on Connect CRE.
Hanley Investment Group Real Estate Advisors and Progressive Real Estate Partners arranged the $2.64-million sale of a renovated, single‑tenant AutoZone in Bakersfield. The building, originally constructed in 2013, underwent a full renovation in 2025 and is leased to AutoZone on a new 15‑year triple-net lease. EVP and partner Jeff Lefko and EVP Bill Asher of ... The post Triple-Net AutoZone Sells to Private Investor from LA appeared first on Connect CRE.
Resource Realty of Northern New Jersey arranged the sale of a high-utility, standalone industrial facility located at 36 Pine St.in Rockaway, NJ. The transaction was brokered and finalized by firm Principals Greg Sabato and Scott Peck, who represented the buyer, Commerce Park Investors. The property encompasses 53,252 square feet of functional industrial space. Suitable for intensive manufacturing, assembly or specialized logistics, the building features heavy-duty infrastructure, including two tailboard exterior dock doors and one ... The post Northern NJ Industrial with Heavy Power Trades to Commerce Park Investors appeared first on Connect CRE.
Related Midwest announced the start of leasing for the North Tower of 400 Lake Shore Drive, the 72-story residential tower in Chicago’s Streeterville neighborhood. Once complete in March 2027, the 857-foot high-rise will deliver 635 rental apartments. “This is more than a residential tower; it is a revitalization of a significant piece of land in ... The post Related Midwest Begins Leasing for Downtown Chicago Residential Tower appeared first on Connect CRE.
The Davis Companies, headquartered in Boston, announced the appointment of Douglas Doughty as managing director of equity capital markets. Based in Davis’ New York City Office, Doughty will work working closely with the company’s Investor Relations, Investments and senior leadership team headed by CEO Stephen Davis. “Doug joins Davis at an exciting point in the firm’s growth – as we ... The post Davis Companies Names Equity Capital Markets Lead appeared first on Connect CRE.