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 …

Savills advised Year Up United on its new Boston headquarters at 2 Center Plaza while also supporting the workforce development organization’s expansion in Providence and Chicago. Savills arranged Year Up United’s approximately 33,700-square-foot Boston lease and provided project management services to prepare the headquarters for occupancy. Managing director Brett Tynes worked alongside senior managing director …

Colliers arranged the $8.75 million sale of 1590 Blue Hill Ave., a 1.63-acre site in Boston’s Mattapan neighborhood. A partnership between the Planning Office for Urban Affairs, a nonprofit housing developer affiliated with the Archdiocese of Boston, and JGE Development acquired the property from the McKeen family. The partnrship has secured city approvals for a …

William Warren Group (WWG), parent company of StorQuest Self Storage, said Wednesday the William Warren Group Self Storage Income Fund, L.P. has closed a $110.9-million contribution of nine operating StorQuest Self Storage facilities. The transaction more than doubles the fund, growing it from eight to 17 assets and to $196 million in gross asset value. …

Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange …

Standard Real Estate Investments and Endeavor Development announced the sale of Cobalt Business Center, a 174,288-square-foot industrial facility located in Mendota Heights, Minnesota. The project had strong leasing activity throughout construction and was fully pre-leased prior to construction completion. The property was subsequently acquired by a private investor. Located on a 10.1-acre infill site in …

Newmark has arranged the recapitalization of Fritz Farm, a 330,077-square-foot lifestyle center and mixed-use destination in Lexington, Kentucky. The transaction adds Kimco Realty as a preferred equity investor in the property, which Hendricks Commercial Properties acquired in 2025. Newmark President and Head of Retail Capital Markets for North America Conor Lalor represented Hendricks Commercial in …

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 …

The Federal Reserve held its benchmark interest rate steady Wednesday, pausing after September’s increase as policymakers weighed persistent inflation against the effects of higher borrowing costs. The decision has shifted attention to the timing of another potential hike and whether elevated Treasury yields will continue tightening financial conditions on their own. The Federal Open Market …

The Federal Reserve held its benchmark interest rate steady at 3.75% to 4% in a 10-2 vote, with two policymakers favoring a quarter-point increase as inflation remained elevated. Fed Gov. Lisa Cook and Cleveland Fed President Beth Hammack dissented, voting to raise rates. The policy statement described inflation as “elevated” and emphasized the need for …

Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate …

JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank …

PREP Property Group paid $63.1 million for the Promenade at Casa Grande, a 470,000-square-foot power center in Casa Grande, Arizona, about an hour west of Phoenix. Lamar Companies was the seller. Lamar purchased the mall in 2018. PREP focuses on the redevelopment of properties like the one it just purchased. The complex, built in 2007, …

Plaza Companies and Fayth Hospitality will break ground on Hotel Six Four, Mayo Blvd, a new 257-room dual-brand Hilton hotel at the southeast corner of 64th Street and Mayo Boulevard in North Phoenix. The six-story hotel will combine the boutique lifestyle experience of Tapestry Collection by Hilton with the extended-stay accommodations of Homewood Suites by …

Kidder Mathews has arranged the sale of a 54,886-square-foot multifamily development site at 9755 NE Juanita Drive in Kirkland, Washington. Dylan Simon, Jerrid Anderson, and JD Fuller of the Simon | Anderson Multifamily Team represented the seller, an institutional developer, and served as the sole brokers in the transaction. Located in Kirkland’s Juanita neighborhood, the …

Lincoln Property Company and DRA Advisors announced the acquisition of a fully leased, five-building industrial portfolio totaling approximately 299,000 square feet across two established industrial parks in Portland, Oregon. JLL marketed the offering on behalf of the seller. The portfolio includes Kittridge Distribution Center, a three-building,103,000-square-foot park at 4931-5043 NW Front Ave., and Columbia Corporate …

Baylor College of Medicine has debuted its new Lillie and Roy Cullen Tower, a 503,000-square-foot medical education facility. The 11-story tower will become the new home of Baylor’s School of Medicine and School of Health Professions. Baylor reported reaching a $150 million fundraising goal for Cullen Tower. Construction began in May 2023. The development is the first phase …

The Prosper Town Council approved a rezoning for The Marco, a 143-acre Italian-themed development on the corner of Dallas North Tollway and University Drive. The $2 billion mixed-use development features waterfront homes, hotels, offices and a 15-acre lagoon. The Dallas Business Journal reports that Jeff Blackard, founder of Blackard Cos., is the developer. He previously …

Avison Young announced more than 75,000 square feet of new leasing activity at 901 K Street NW, a recently repositioned trophy office property in Washington, D.C.’s East End. Since acquiring the asset in 2025, Shorenstein has transformed the property through a series of strategic upgrades that have helped attract new tenant commitments, including Capstone, Monument …

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 …