National

PCCP provided a $71 million senior construction loan to a joint venture between EMBREY Partners and Southstar Development for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, TN. Completion of the project is anticipated for Q1 2028. Spring Hill is about a half hour from …

Western Wealth Capital (WWC) acquired two Tennessee apartment communities; the River City North Apartment Homes in Chattanooga, Tennessee, and Meadow Creek Apartment Homes in Goodlettsville, Tennessee, just north of Nashville. WWC and its investment partner, FSO Capital Partners (FSO), closed on the 192-unit portfolio for a purchase price of $20.7 million. The transaction was brokered …

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 …

LogosFaith 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 market. …

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 …

A developer will soon begin construction on a 1.35 million-square-foot speculative warehouse in Polk County. The Tampa Bay Business Journal reports that Tratt Properties will develop the warehouse as part of its 8.1 million-square-foot logistics park, Central Florida Integrated Logistics Park, in Winter Haven. Tratt Properties purchased the site for the warehouse in 2021 for …

An affiliate of Hathaway Development has started work on The Exchange at Wyle Oaks, a 325-unit apartment community is Apopka, near Orlando. The project is one of the first at the 215-acre Wyld Oak mixed-use project. Financing for the approximately $71 million development includes a $47 million construction loan from Ameris Bank and $22 million …

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 …

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 …

Lynn Pinker Hurst & Schwegmann LLP (LPHS) inked a 51,800 square foot lease in The Epic in Deep Ellum for its new offices. Westdale is the building owner. LPHS will occupy the 13th and 14th floors of Epic I, located at 2550 Pacific Avenue. The firm is expected to relocate from its current downtown Dallas …

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 …

Data center growth is driving additional industrial demand in the Washington, D.C. region, particularly in Northern Virginia, which has accounted for nearly 40 percent of U.S. data center permit activity since 2022. More than 3.3 million square feet of newer industrial space was absorbed over the past year, helping reduce the market’s supply overhang, according …