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 …

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 …

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 …

Sagard Real Estate (SRE) on Wednesday announced the acquisition of 6691 Clark Ave., a fully leased industrial outdoor storage (IOS) property in Newark, within the infill East Bay submarket. Seller and pricing were not disclosed. The acquisition marks the second Bay Area IOS investment and further expands the IOS joint venture between SRE and global …

KKR and Alexandria Real Estate Equities, Inc. announced on Wednesday a $475-million joint venture investment by capital accounts advised by KKR in Alexandria’s majority ownership interest in Campus Point by Alexandria Megacampus, a nearly two-million-square-foot life sciences campus in San Diego. KKR has acquired a 49% noncontrolling equity interest in Alexandria’s Campus Point investment entity, …

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 …

The median asking rent for New York City apartments reached a record $3,785 in the third quarter of 2026, up $162, or 4.5%, from a year ago, while buying a median-priced home cost $6,952 more per month than renting. With mortgage rates above 7%, the estimated monthly cost of that home would rise to about …

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 …

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 …