National

Aspen Square Management offloaded the Legacy at West Cobb in Marietta, Georgia, for $48 million. The 395-unit apartment complex was sold to Acento Partners. Andrew Mays and Paul Vetter of Berkadia Atlanta represented the seller. Berkadia also arranged a $36 million acquisition loan. The property was 88% occupied at the time of sale. Berkadia’s Mays …

Broadshore Capital Partners closed a $68.5 million senior bridge loan secured by J Optimist Park, a newly delivered 350-unit Class A multifamily community located at 1130 North College Street in Charlotte. Broadshore completed the transaction in partnership with borrower entity Jefferson Apartment Group. CBRE’s Nate Sittema and Kristen Reilley served as brokers on the transaction. The …

The Washington Trust Company has provided $8.5 million in financing to VVO Real Estate Holding, LLC for the reconstruction of the Harborside Inn, a landmark hotel with retail space located at 41 Water St. in New Shoreham, RI. The building, directly across from the Block Island Ferry terminal, was destroyed in a fire in August 2023. …

EOS Investors LLC has acquired the Hyatt Centric Faneuil Hall Boston, a 163-key hotel located in Downtown Boston, adjacent to Faneuil Hall and Quincy Market. Published reports put the acquisition price at $58.6 million. The acquisition marks EOS’ first in Boston. “We are thrilled to establish our presence in Boston through the acquisition of the …

A joint venture between affiliates of 1754 Properties and Vander Capital Partners has closed on the acquisition of 40 Jessie St., a 49,560-square-foot office building in downtown San Francisco that is 100% leased to Google. The property traded for nearly $28 million, according to the San Francisco Standard. The building has been leased to Google …

Marcus & Millichap Capital Corporation (MMCC) has arranged $12,062,500 in financing for three multifamily properties located in the Central Valley. The borrower was not disclosed. Senior managing director David Campbell, of MMCC’s Palo Alto office, secured the financing with a regional credit union on behalf of a private client. The loans feature a 10-year term, …

JLL announced that BakerHostetler, one of the largest law firms in the U.S., has signed a five-year lease renewal for its 66,625-square-foot office space at 200 Civic Center Drive in downtown Columbus. The transaction marks the largest private-sector office lease signed in the central business district since the start of the pandemic. Following the renewal, …

NAI Hiffman brokered the sale of a 30,000-square-foot office and flex building at 9026 Heritage Parkway in Woodridge, Illinois, to GlitterStarz Inc., a provider of custom cheerleading and dance apparel. NAI Hiffman Executive Vice President Aubrey Englund represented GlitterStarz in the acquisition, while NAI Hiffman Executive Vice President Adam Johnson and Vice President Tom Gnadt …

Kadima Developers closed on a $32.5 million construction loan, accelerating its plans to build Seven Park, an 8-story condominium project in Hallandale Beach. S3 Capital Partners was the lender. Carlos Vazquez of Nexos Invest arranged the construction financing. Designed by SKLARchitecture, the 200,000-square-foot development features 124 residences ranging from studios to three-bedroom units, alongside 4,500 square …

The Related Group has obtained $176.5 million in financing for an apartment project at the ODP Headquarters site in Boca Raton. It covers the 9.9-acre site at 6600 North Military Trail. Balfour Beatty Construction is the general contractor. The South Florida Business Journal reports that the Broken Sound Residences will be divided into three types …

Gencom, a Miami-based investment firm, has acquired Rosewood London, a landmark 308-key luxury hotel situated at 252 High Holborn in Central London. The acquisition for a reported £300 million (approximately US$402 million) represents Gencom’s first luxury hotel asset in Europe. The transaction strengthens Gencom’s long-standing relationship with the Rosewood brand, marking the firm’s second owned …

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 …

U.S. consumer prices rose 0.4% in October on a seasonally adjusted basis, slowing from a 0.6% increase in September as energy prices climbed at a much slower pace, the Bureau of Labor Statistics reported. Food prices picked up, while shelter accounted for more than 30% of the overall monthly increase.  Core consumer prices, which exclude …

Founded nearly 40 years ago with a single stand for valet parking, Towne has expanded and evolved its services, its technology and its customer base. At the same time, customers’ requirements and priorities have also evolved. Here, CEO Andrew Kerin discusses how his company assists property owners in making positive impressions as tenants and visitors …

During the recent CREtech New York conference at the Jacob K. Javits Convention Center, Connect CRE asked industry experts, “What’s one technology you believe will have the biggest impact on CRE over the next five years?” Unsurprisingly, artificial intelligence loomed large on their radar screens. “The one technology that I think is going to have …

Newmark arranged a $47.6-million loan on behalf of The Hudson Companies to refinance The Clark, a 170-unit multifamily property located at 310 Clarkson Ave. in Brooklyn’s Prospect Lefferts Gardens neighborhood. Benefit Street provided the financing. Senior managing director Daniel Fromm, senior associate Samuel Speciale and analyst Lance Tillman of Newmark’s Global Debt & Structured Finance …

Meridian and Harrison Street Asset Management sold El Dorado Medical Plaza, a 182,900-square-foot, three-story healthcare campus in Tucson, Arizona. The buyer was Insight Medical Realty, based in Franklin, Tennessee. The Class B property includes medical office space, a surgery center and hospital uses. The property is on an 11.77-acre parcel within Tucson’s primary medical corridor, …

A buyer group comprising Holualoa Companies and David Walter of DWRE acquired Thunderbird 101, a 143,000-square-foot office park in Peoria, Arizona. The group paid $19.7 million for the property at 14100 North 83rd Avenue. CBRE identified the buyer group and worked with the parties to assemble equity and debt through closing. CBRE’s Geoffrey Turbow and Anthony DeLorenzo represented the seller. …

A 44-unit mixed-use apartment community located at 840 E Denny Way in Seattle’s Capitol Hill neighborhood sold for $17.5M, or $397,727 per unit. The property, 101 Broadway, was sold by Cairn West. The six-story building sits within easy walking distance to Cal Anderson Park and Seattle Central College, along with numerous restaurants, shops and entertainment …

Pak-A-Nut Storage, a 58,410 sf self-storage facility in northwest Washington, was purchased by an institutional self-storage owner in an $8M transaction. The property is located at 840 Marine Drive in Bellingham, about 20 miles south of the Canadian border. Built in 2006, the facility sits on 5.88 acres. Public Storage will serve as third-party manager …

Crescent Communities opened HARMON Melissa, a new 146-unit rental community offering townhome living in Melissa, Texas, one of North Dallas’ fastest-growing towns. Residents can choose from nine distinct three- and four-bedroom townhome floor plans ranging from 1,798 to 2,168 square feet. Every home includes an attached two-car garage. Rents range from $2,500 to $3,190 a month. Community amenities include a resident …

The Georgetown City Council has given tentative approval to Serenity Ranch, a master-planned community one mile east of I-35 and bordered by the Dry Berry Creek. In addition to 300 multifamily units and 30,000 square feet of commercial space, Serenity Ranch will offer approximately 40 acres of open space and ponds, a 2.9-acre amenity center …

The Prince George’s County Planning Board has unanimously approved the $1.4 billion National Harbor Sphere during a recent hearing. Developers also provided new images and details about the project, which will sit adjacent to MGM National Harbor. Plans call for a 2,100-space parking garage that would be built nearby. One of the updated project images …

VeryBest Wholesales, a general merchandise distribution and digital ordering platform, has acquired 4665 Hollins Ferry Road, a single-story warehouse building comprising 105,732 square feet of space for $11.45 million from Saver Automotive Products. MacKenzie Commercial Real Estate Services Senior Vice President and Principal Matthew Curran, SIOR and Andrew Meeder brokered the transaction. VeryBest Wholesales is …