National

Pickering & Co. Real Estate has offloaded The Bridge of Cabarrus, a 144-unit project the company built in Kannapolis in 2021. ESJ Capital Partners paid $29.5 millon for the apartment complex. The Atlanta Business Chronicle reports Pearlmark provided $19.9 million in financing for the acquisition. Brian Gaswirth, Brad Woolard and Luke Maganas of JLL Capital …

For more than a decade, the Hollywood Bread Building at 1770 S. Young Circle sat vacant, once a revered structure in Hollywood. BTI Partners bought the property, demolished the aging building and replaced it with 362 residences and 15,407 square feet of ground-floor retail. The newly opened structure is fully leased. BTI Partners and partner …

Atlantic Capital Partners arranged the $10-million sale of Quarry Square, a 56,004-square-foot, stabilized neighborhood strip center in Milford, MA, anchored by local fitness and restaurant operators. The transaction was led by head of capital markets Justin Smith, EVP Chris Peterson, senior associate Danielle Turpin and associate Matt Ericson, representing the sellers, RJ Kelly. Quarry Square …

Genentech, a member of the Roche Group, held the grand opening of the Roche Genentech Innovation Center Boston in Allston. Roche and Genentech have signed a 10-year lease for the 95,000-square-foot center, which has capacity for up to 500 people and which anchors the first phase of the Enterprise Research Campus (ERC), a nine-acre development …

Pegasus has completed project management engagements for two prominent retail developments: Raising Cane’s first location within the City of Los Angeles (Westwood Village) and a new Honey Baked Ham franchise in Sherman Oaks. Serving as the owner’s project management advisor, Pegasus helped guide each project from planning through completion. “Successful projects are built on thoughtful …

Marcus & Millichap closed the sale of The Molokai Apartments, a 39-unit multifamily property in San Diego. The property sold for $11.2 million, or $287,179 per unit. “The property received a tremendous amount of attention from the investment community due in part to its spacious floor plans, which average more than 800 square feet and …

Inland Real Estate Acquisitions negotiated and closed the purchase of an 859-unit self-storage facility in Joliet, Illinois, located 40 miles southwest of Chicago. Mark Cosenza, senior vice president of Inland Acquisitions, with assistance from Brett Smith, VP and senior counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of …

Essex Realty Group is marketing 1628-1630 North Wells Street for sale, a mixed-use property ideally situated in Chicago’s Old Town neighborhood. The offering features four residential apartments, ground-floor retail space, a two-unit coach house, and 12 outdoor parking spaces.Essex Realty Group Principal Jim Darrow, Principal Jordan Gottlieb and Director Brian Keegan exclusively represent the seller …

Knighthead Funding provided a $63 million loan to Midtown Capital Partners to finance the acquisition of a portfolio of 13 urban-infill, small-bay industrial assets in Doral, Florida. Midtown Capital Partners acquired the portfolio in an off-market transaction for a final purchase price of $86 million.  The Knighthead team led by Jonathan Daniel, Alexandra Wiggins, and …

For more than a decade, the Hollywood Bread Building at 1770 S. Young Circle sat vacant, once a revered structure in Hollywood. BTI Partners bought the property, demolished the aging building and replaced it with 362 residences and 15,407 square feet of ground-floor retail. The newly opened structure is fully leased. BTI Partners and partner …

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 …

For the seventh year in a row, Connect CRE has opened nominations for our annual Lawyers in Real Estate Awards. This program spotlights attorneys nationwide who have made an impact through their practice in commercial real estate-related matters as well as the contributions they have made as members of the industry and the community. Accordingly, we’re inviting industry members …

Risk and uncertainty in the U.S. office sector look poised to grow due to increasingly volatile economic conditions compounding the challenges stemming from office loan maturities, which are expected to peak throughout the next few years. Yardi Matrix research data show that 14,000 office properties are encumbered by loans that have recently matured or are …

The Durst Organization announced that Mesa Bar, a new Southwestern-inspired cocktail and wine bar, has signed a lease at 220 Front St. in the South Street Seaport Historic District. Expected to open this year, Mesa will pair a creative cocktail program and curated wine list with cold beer and a concise menu of bar snacks …

JLL Capital Markets arranged the $83.5-million sale of the Bridge & Fulton Development Site, a large-scale mixed-use development opportunity located at 485 Fulton St. and 147 Lawrence St. in Downtown Brooklyn. Borough Developers acquired the property from ICER Real Estate. JLL’s Michael Mazzara, Ethan Stanton and Brendan Maddigan represented the seller and negotiated directly with …

R.D. Olson Construction has broken ground on the $116 million, 70-key Senoa Resort & Spa on 11.5 acres in Sedona, Arizona, with an opening slated for late 2028. The villa-style wellness resort will be located at 150 Schnebly Hill Road in Sedona. The site is minutes from downtown Sedona. R.D. Olson Construction is working with R.D. …

Authentic Capital Group acquired Miro at the Parc, a 164-unit multifamily community located at 1651 American Pacific Dr in Henderson, NV, in a $41 million transaction. Newmark’s Jonathan Merhaut and Curt Allsop arranged the sale on behalf of seller, Sares Regis Multifamily Investment Management. Newmark’s Lee Redmond and Alec Newman arranged the $24.75 million financing on behalf of Authentic …

Seattle House, a new 1,131-home luxury rental community in Seattle’s Denny Triangle, is now actively pre-leasing ahead of its fall opening. Located in the heart of Denny Triangle at 2340 6th Avenue, Seattle House offers residences ranging from studios to two-bedrooms.“Seattle House was designed around how people live in the city today, moving between home, …

National homebuilder Taylor Morrison has purchased Rose Hill Village, a vacant shopping center in Kirkland, for $27 million to build townhomes. The new townhome development will be called Rose 85, and the project is scheduled to be completed by late 2027. Taylor Morrison paid $27 million for the 3.42-acre Rose Hill Village at 12631 NE …

Endura Advisory Group broke ground on The Oaks of Cibolo Creek, a 324 unit apartment complex in Boerne, Texas. The project will sit on 20 acres about 2.5 miles from the downtown area. Designed by Dallas-based UD Architects, with Franklin Construction, Ltd. as the contractor, the property will feature units averaging 918 square feet, with select …

Newmark announces approximately 180,000 square feet of new leasing activity at 10000 Energy Drive in Spring, Texas over the past 16 months. The leasing momentum, which includes six headquarters commitments, brings the Class AAA, 10-story office property to nearly 90% occupancy.  Newmark’s David Baker, Elliott Hirshfeld and Kristen Baker serve as exclusive leasing agents at …

Hyatt Commercial announced a new lease at 19638 Leitersburg Pike in Hagerstown, Maryland. Staffmark, a national workforce solutions and staffing company, leased approximately 1,400 square feet at the property. Hyatt Commercial brokers Treva Ghattas and Laurie Murphy-Zuiderhof represented the landlord in the transaction. The recently renovated suite features updated finishes and an efficient floor plan …

The Washington Commanders and global design firm HKS are releasing the first renderings of the new stadium’s seating bowl. The design team increased the lower bowl capacity and improved seating angles throughout the stadium. The first row is elevated above the playing surface for unobstructed sightlines over the sideline. The focus on the venue’s inside …