National

Thorofare Capital closed on a $35 million floating-rate senior mortgage loan for the cash-in refinance and lease-up of Gateway Commerce Park. The newly constructed, two-building Class A industrial warehouse and distribution facility totals 449,280 square feet and is located in Hardeeville, South Carolina, near the Port of Savannah. Thorofare provided a floating-rate, interest-only senior mortgage …

Sagard Real Estate acquired 5070 Phillip Lee Drive SW, a 400,800-square-foot industrial property in Atlanta’s Fulton Industrial submarket. SkyREM was the seller.  The investment was made on behalf of Sagard Real Estate’s open-end core-plus real estate fund (the “Fund”). The property comprises four contiguous warehouse buildings across 15.5 acres along the Fulton Industrial Boulevard corridor. Located approximately …

M&T Realty Capital Corporation closed on a $31.9-million bridge loan for Estelle New Haven, a newly constructed 96-unit Class A multifamily community located at 19 Elm St. in downtown New Haven, CT. The financing will support the property’s continued lease-up and stabilization while refinancing existing construction debt. Developed by Eight West, an affiliate of The …

JLL Capital Markets has arranged $45.75 million in construction financing for 7 Hartwell Ave., a 130-unit ground-up luxury multifamily development located in Lexington, MA due for completion in June 2028. Managing director Anthony Cutone and director Madeline Joyce, along with associates Michael Schwarze and Joe Marinaro, worked on behalf of Dinosaur Capital Partners to secure a …

Hanley Investment Group Real Estate Advisors represented the buyer in the acquisition of a Walgreens‑anchored, 39,146‑square‑foot center located at 10901–10927 Atlantic Ave. and 4351 E. Imperial Hwy. in Lynwood. The purchase price was $15 million. VP Ayda Kach represented the all-cash buyer, a longtime client and a privately held retail real estate investment firm and …

CBRE facilitated the $27.8-million sale of Fairway Center II, a 135,308-square-foot office property located at 675 Placentia Ave. in Brea. CBRE represented the institutional seller. The Whittier Comstock, LLC, a subsidiary of MW Investment, LLC and owned by Matt Waken, acquired the property. CBRE’s Anthony DeLorenzo with National Office Properties, along with Sammy Cemo, Bryan …

The Harold E. Eisenberg Foundation is expanding its real estate mentorship program to Indiana. Headquartered in the north suburbs of Chicago, the foundation’s mentorship program has worked with more than 2,200 college and university students and over 100 professionals committed to advancing the knowledge of the next generation of real estate professionals. The mentors have …

Dermody broke ground on the LogistiCenter at Berkeley, a 357,619-square-foot facility located at 5300 St. Charles Road in Berkeley, Illinois. The redevelopment of an older, functionally obsolete industrial building is part of a plan to attract industries that bring jobs to the community and expand the tax base. Dermody is represented by JLL, including Senior …

Volta Global landed a $17.35 million acquisition loan for Westland Plaza, a 110K square-foot mixed-use retail and self-storage center in Hialeah, Florida. JLL worked on behalf of Volta Global to secure a two-year, floating-rate acquisition loan through Shelter Growth Capital Partners (SGCP). Westland Plaza was built in 1979 and renovated in 2008. The site comprises …

Redfearn Capital paid $39.2 million for a 23,290 square foot retail and restaurant in Delray Beach. DHBH was the seller. The price comes out to $1,640 a square foot, one of the highest prices paid for a retail property in the area, according to Cushman & Wakefield, who brokered the deal. Cushman & Wakefield’s Mike …

Realty Income Corporation and KKR have formed a euro-denominated joint venture that is expected to own a diversified portfolio of existing European net lease real estate assets contributed by Realty Income, spanning four markets and a broad mix of industries and tenants. Capital accounts advised by KKR intend to make an initial investment of €528 …

Ares Management Corporation has reached the final close of Japan Logistics Development Partners V LP, the latest vintage in its Japan-focused logistics real estate development fund series. Raising ¥612 billion (approximately US$4 billion), including LP equity commitments and GP commitment, JDP V closed at its hard cap and is nearly 50% larger than its predecessor …

The Federal Reserve raised interest rates by a quarter point Wednesday, delivering its first increase since July 2023 as persistent inflation and higher energy costs forced policymakers to reverse course after easing policy in 2024 and 2025. The Federal Open Market Committee voted unanimously to lift the federal funds rate’s target range to 3.75% to …

As data center development across the Americas reaches a record 37.7 gigawatts under construction, access to power and infrastructure is playing an increasing role in determining where that growth can occur, Cushman & Wakefield reported. The shift is creating new opportunities far beyond the traditional data center hubs. “Everyone knows the demand is insatiable. The …

Naftali Group said that CorePower Yoga, the nation’s largest yoga studio brand, will open at The Willow, Naftali’s new luxury residential development located at 201 E. 23rd St. in Manhattan’s Gramercy neighborhood. Marking CorePower Yoga’s first location in Gramercy, the forthcoming studio will bring a new wellness destination to the ground floor of the boutique-scale residential building, which …

Cord Meyer Development broke ground on its new residential community at the Bay Terrace Shopping Center, which the company developed more than 60 years ago. The $100-million-plus development will bring 145 new rental residences to Bayside in two five-story buildings being constructed on currently underutilized upper-level parking areas off 26th Avenue. “Cord Meyer has been …

Prologis has sold The Collection at Airport Central, a fully-leased, five-building industrial portfolio totaling 604,429 square feet in Denver’s Airport Central micro-market to Berkeley Partners. The portfolio was 100% leased at the time of sale and includes a diversified roster of 12 tenants across five strategically located industrial assets. Jeremy Ballenger, Tyler Carner and Keiffer …

29th Street Capital sold the Peakline at Copperleaf apartments for $72.5 million, a significant dip from the price the company paid for the property four years ago. The company paid $104 million from the development iin 2022. Multifamily News reports that the Michelson Organization acquired the property with the help of a $30.6 million five-year …

Following the recent announcement that the Freeman family, owners of Kemper Development Company (KDC), was exploring a sale of The Bellevue Collection, KDC has selected Eastdil Secured Savills to provide guidance for the next phase of the sales process. The Bellevue Collection is one of the country’s largest mixed-use retail, dining, residential, hotel, office and …

CBRE arranged the sale of Boulder Creek, a 204-unit multifamily community in Sammamish, Washington. Eli Hanacek, Kyle Yamamoto and Natalie Kasper with CBRE’s Pacific Northwest Multifamily team represented the seller, Nuveen, in the transaction. The buyer was not disclosed. “Multifamily communities of this quality rarely come available in Sammamish, particularly assets that combine large floor …

Prime real estate may help customers through the door once, but applying guest intelligence is what keeps them coming back. For modern restaurant tenants and the landlords who lease to them, site viability and long-term lease performance no longer depend solely on foot traffic — they depend on data depth. While the restaurant industry has …

Cedar Park has agreed to economic incentives for two manufacturers who plan to spend over $40 million on their prospective businesses. Community Impact reports Machine Sciences Corporation is an Oregon-based company with existing operations in Florida that specializes in manufacturing complex, high-precision components for space, aerospace and defense industries. That includes parts for satellites, unmanned aerial …

American Real Estate Partners (AREP) and Brookfield Asset Management announced that affiliates of Brookfield have agreed to acquire a minority interest in AREP for an undisclosed amount. The investment brings together AREP’s vertically integrated data center development platform with Brookfield’s global scale, investment capabilities and experience across real estate, energy and infrastructure. The partnership will …

Foodservice distribution company Saval Foods, in partnership with Howard Hughes Communities, has broken ground on a new headquarters facility. The company is constructing a 230,000-square-foot space in Columbia that will include a new distribution center and a multi-story office building. Saval Foods will retain its existing 391 full-time employees and create an additional 107 new …