National

Wood Partners and Sarofim Realty Advisors are moving forward on Village Park, a 372-unit multifamily community in Charlotte’s Highland Creek and Prosperity Church area. The project is slated to open in May 2028. J.P. Morgan is providing financing. Located at the corner of Prosperity Church and Benfield Roads, Village Park sits immediately next to Prosperity …

Switzenbaum & Associates has broken ground on an $80 million development in Monroe, N.C. Expected to open in Spring 2027, the project includes 275 apartments on a 23.4-acre site at the intersection of U.S. 74 and Morgan Mill Road.  It’s the city’s first midrise apartment building at four stories. One-bedroom floor plans range from 792 …

Pennrose, The Cloud Company and the Borough of Naugatuck, CT cut the ribbon on Platform at Naugatuck, the first phase of a multi-phase redevelopment of a vacant, seven-acre site on Old Firehouse Road. The development delivers 60 apartments, approximately 3,000 square feet of ground-floor commercial space and an array of resident amenities. “After years of …

Alexandria Real Estate Equities disclosed in an earnings report that it has entered into a purchase and sale agreement with an institutional user for the sale of 421 Park Dr. on the Alexandria Center for Life Science – Fenway Megacampus in Boston. The disposition of the office and lab building is expected to generate significant sales …

Truist recently closed a $152-million construction loan for Marina Shores, a 390-unit multifamily community at 6615 E. Pacific Coast Hwy. in Long Beach. The project is being developed by Carmel Partners. The six-story project will transform an aging office complex and surface lot into a mixed-income community with approximately 5,400 square feet of ground-floor retail …

Logos Faith Development, in partnership with San Diego’s Logan Temple AME Zion Church, commemorated the official groundbreaking on Logos Logan Legacy Place at the project site. The 43-home affordable housing community is located at 3186 and 3190 Franklin Ave. in San Diego’s Logan Heights neighborhood. The project marks the affordable housing developer’s expansion into the San Diego …

NAI Hiffman represented a private ownership group in a 7,941-square-foot lease with Chicago Speech Therapy at 3436 N. Kennicott Avenue in Arlington Heights, Illinois. Chicago Speech Therapy, a provider of services for children with speech and language disorders, will open its newest location within the two-building office campus. The practice has multiple locations in Chicago …

The Boulder Group completed the sale of a single-tenant net-leased restaurant property occupied by Steak ’n Shake in Aurora, Illinois, for $1.27 million. The property is located at 4333 Fox Valley Center Drive, near the intersection of Illinois Route 59 and New York Street. The property sits across from Fox Valley Mall, a roughly 1,500,000-square-foot …

The Nora Hotel has opened its doors to guests in West Palm Beach’s Nora District. BD Hotels, along with a group led by Sean MacPherson, is behind the hotel’s concept. The South Florida Business Journal reports that NDT Development, Place Projects and Wheelock Street Capital developed the property, which has an estimated development value of …

HTG secured financing and broke ground on Kissimmee Cove, a new 73-unit affordable housing community located in the City of Kissimmee. Apartments are reserved for income-qualifying residents, with monthly rents ranging from approximately $592 to $1,660. Average rents in the submarket now exceed $1,500 for a one-bedroom apartment. The community is supported in part by an …

Brookfield has opened a Doha office, anchored by its global credit platform including the recently acquired Oaktree. The Qatar News Agency reported that the move builds on Brookfield’s existing investments and partnerships in Qatar, notably its planned $20-billion joint venture with Qai, the artificial intelligence subsidiary of the Qatar Investment Authority, to develop AI infrastructure …

Northmarq’s Pacific Northwest Investment Sales team, led by Sean Tufts, Kevin Adatto, Joe Dugoni, and Jack Hallberg, completed the $19 million sale of Canyon Ridge Plaza, an 86,909-square-foot multi-tenant retail community center located at 26015 104th Ave. SE in Kent, Washington. The property was acquired by Kimco Realty. “Shopping centers continue to be one of …

Denver-based Vantage, a leading global provider of digital infrastructure, and Heron Power Electronics, a manufacturer of next-generation power electronics and a participant in NVIDIA’s 800-volt direct current MGX ecosystem, have reached a gigawatt-scale manufacturing capacity agreement. Under the agreement, Vantage has secured more than 1GW of manufacturing capacity of Heron Link, Heron’s solid-state transformer, to …

Multifamily research has wrestled with tensions and conflicts between data, technology, judgment and experience. Brad Dillman, founder of Florey Street Advisors, believes that agentic AI can help multifamily investors access institutional-grade strategic research, combining domain expertise, proprietary data and advanced analytics to improve decisions at greater speed, scale and efficiency. He recently answered several questions …

Tishman Speyer has sold 148 Lafayette St., a fully leased, 12-story, Class A boutique office building in Manhattan’s SoHo neighborhood, for $132.5 million to Shorenstein Properties. Marking its first U.S. office acquisition since 2021, Tishman Speyer acquired 148 Lafayette for $105.5 million just 17 months earlier. “We acquired 148 Lafayette with a clear plan and …

CBRE has been retained by Merchants Bank to market for sale the fee interest in 19 W. 55th St., a vacant, nine-story residential property with continuous retail frontage in Midtown Manhattan. CBRE’s Daniel Kaplan was appointed by the bank to spearhead the sale. “Opportunities to acquire the fee interest of an asset in this premier …

Stream Realty Partners has been selected by Southwest Value Partners to provide property management services for Esplanade III, a 222,820-square-foot Class A office building located at 2415 E. Camelback Road in Phoenix’s Camelback Corridor. The 10-story property was acquired by Southwest Value Partners in August for $86 million, marking the largest single-building office sale in …

Leon Multifamily started construction on Soltra Ironwood, a 343-unit luxury multifamily community in North Phoenix, Arizona. The nearby Taiwan Semiconductor Manufacturing Corporation has committed to a total of $265 billion in Arizona investment across up to 10 fabrication facilities, two advanced packaging plants, and a research and development center — a build-out expected to support …

The Central Building in downtown Seattle, a 119-year-old historic landmark, has been listed for sale. The property’s assessed value is $24.3 million, reported the Puget Sound Business Journal. The building was listed by Newmark without an asking price, and the approximately 200,000-square-foot structure is 30.6% leased. In 2018, New York-based companies Brickman and GreenOak Real …

Skanska announced that Sea Creatures, a family of locally owned and operated Seattle restaurants, has signed a lease at The Eight, a 25-story, 541,000-square-foot office tower located at 10770 NE 8th St. in downtown Bellevue. The new restaurant will mark Sea Creatures’ first expansion to the Eastside, adding to The Eight’s fully leased ground-floor retail …

Sorrento Property Group sold Holly View Apartments, a 324-unit garden-style community in northwest Houston, for $31.5 million. Holly View offers one- and two-bedroom floor plans, a resort-style pool, landscaped grounds and covered parking. The buyer of the property at 5555 Holly View Drive was Accel Equity Group. The price works out to roughly $97,222 per …

Developers Jonas Woods and 3-O Real Estate Partners have proposed a $600 million, two-tower project called Ivy Park and The English on a 2.2-acre parcel near McKinney and Webb Avenues along the Katy Trail. The Dallas Morning News reports the project could have both a 30-story hotel and residential tower and a 20-story residential tower …

Newmark has arranged the $108 million sale of Bainbridge Midlothian, a 310-unit multifamily community located in Midlothian, Virginia. Frontier Group of Companies acquired the property from a joint venture between The Bainbridge Companies and BVT National Partners, marking the buyer’s first multifamily acquisition in Virginia. “In today’s capital markets environment, the sale of Bainbridge Midlothian …

Affinius Capital announced the closing of a $97.9 million loan for the refinancing of The Lydian, a 14-story, multifamily property in Washington, D.C.’s Mount Vernon Triangle submarket. Built in 2018, the property comprises 324 apartment units and 13,551 square feet of ground-floor retail. The loan was made to a joint venture that includes affiliates of …