National

Waterstone Properties has paid $87 million for Windsor Square Shopping Center, a 659,222-square-foot power center in Matthews, N.C. Commercial Edge reports United Bank originated a $63.1 million acquisition loan. Hackney Real Estate Partners sold the asset after nearly two years of ownership. The firm had acquired Windsor Square from Sterling Organization for $70.1 million in November 2024. …

Federal Realty Investment Trust acquired The Summit, an Alabama retail destination, for $508 million ($498 million on a net basis). The retail center is a 100-acre, approximately 870,000-square-foot open-air property developed over more than 30 years. It was owned by Bayer Properties, which has since opened a number of other retail hubs with “The Summit” moniker. …

The Davis Companies has appointed Melissa Schrock to the newly created position of managing director of mixed-use development. Schrock will oversee Davis’ growing portfolio of mixed-use properties nationwide, supporting all project aspects including acquisition, entitlement and ground-up development. “Davis has deep experience navigating complex development opportunities and working collaboratively with tenants, partners, stakeholders and communities,” said …

Mass General Brigham (MGB) has leased approximately 100,000 square feet of lab space on the lower floors of Greystar’s 74M at 74 Middlesex Ave. in Somerville, MA, becoming the property’s first tenant. The building will house MGB’s central pathology laboratory services, consolidating existing pathology functions from across the system. Formerly an industrial brownfield site, 74M …

The San Francisco Recovery Fund said Friday that BXP and JLL have joined the multidisciplinary team leading Fifty at First, the 915-foot, 1.5-million-square-foot office tower planned for First and Mission streets in downtown San Francisco. Upon completion, Fifty at First will be the second tallest building in the city. BXP is serving as a consultant …

Faris Lee Investments completed the $38.7-million acquisition of a 155,000-square-foot, two-tenant retail investment featuring The Home Depot and Albertsons at Lakewood Center in Lakewood. Managing principals Don MacLellan and Jeff Conover, senior managing director Scott DeYoung and director Greg Lukosky represented the seller, a consortium of multiple owners, as well as the buyer, a high-net-worth …

Chicago has overtaken Miami as the most competitive rental market in the country, with about 17 renters lining up for every available apartment and vacant apartments filling in 27 days, the fastest of any large market, according to a recent report by RentCafe. Chicago is the most competitive large rental market in the country, with …

Cresa announced that it has re-entered the Minneapolis market, establishing a presence where it has a history of brokerage and longstanding client relationships. Cresa has tapped local veteran commercial real estate executive Dan Lofgren, SIOR, as managing principal to activate the new office, which will offer occupier-focused office and industrial services. The return to the …

As it’s likely to do, Publix Super Markets bought out its landlord at Airpark Plaza in Miami. The company paid $83.25 million for the 204,000-square-foot shopping center. The S. Florida Business Journal reports First Washington Realty was the seller. Airpark Plaza last traded for $36.82 million in 2008. Publix often buys out its landlords, allowing …

Front Range Partners inked a $75 million loan to refinance EVO St. Petersburg, a high-rise apartment complex in downtown St. Petersburg. Walker & Dunlop Capital Markets Institutional Advisory, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela, arranged the fixed-rate financing provided by Freddie Mac on behalf of FrontRange Capital Partners. Delivered in 2023, …

KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a 2.7-million-square-foot portfolio of eight UK logistics assets from Ares Real Estate funds. According to published reports, the portfolio is valued at approximately £400 million (US$529 million). The fully occupied portfolio comprises modern, high-quality assets across established distribution markets in the …

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 …

The number of new AI office leasing requirements rose 27% over the past year, from 644 to 820, VTS reported. Twelve of the 17 markets VTS tracks contributed to that growth. Most of the demand is concentrated in three markets: San Francisco, New York and Silicon Valley. Combined, they account for 64% of the 16.9 …

The employment picture and unemployment rate changed little in September, the Bureau of Labor Statistics said Friday. Nonfarm payrolls increased by 29,000 for the month, while the unemployment rate ticked up to 4.2%. CNBC reported that economists surveyed by Dow Jones had predicted 84,000 new jobs and a jobless rate of 4.1%. The government also …

Rithm Capital Corp. has closed on a joint venture with a fund managed by DRA Advisors LLC for the ownership of 1301 Ave. of the Americas, one of the flagship assets in the New York City office portfolio of Elecor Properties, Rithm’s real estate operating platform. Rithm, through Elecor, will continue to hold majority ownership …

Marx Realty announced that Patricof Co, a specialized investment and advisory platform serving professional athletes, has signed a 10-year lease at 545 Madison. At the Plaza District office building, the firm will occupy 7,500 square feet comprising the entire 16th floor. “Patricof’s move to 545 Madison speaks to the high quality of tenants that are attracted …

A three-building, 98,500-square-foot medical office portfolio in the Phoenix Metro area sold for $12.8 million. The properties were sold by Evernorth Care Group (formerly operated as Cigna Medical Group). MCR Companies, completing a 1031 exchange, acquired the properties in Glendale and Chandler. A Phoenix Property was purchased by Empower College Prep. The portfolio consists of the following …

Everview Partners purchased an 85-building, 1.25 million square foot shallow bay industrial portfolio across Tucson for $165.75 million. The portfolio was roughly 90 percent leased to 452 tenants at the time of sale. The portfolio spanned 14 properties. The seller, Pegasus Tucson Owner LLC of Newtown Square, PA, is associated with Equus Capital Partners. Real …

Gantry has secured a $12.3 million bridge loan to refinance existing debt and provide capital for continued redevelopment and lease-up of Workshop St. Johns, a historic adaptive-reuse campus. Located at 6635 N Baltimore Avenue in Portland’s St. Johns neighborhood, the historic property benefits from prominent Willamette River frontage and views. Situated on five acres, the …

Maverick Washington LLC is set to close eight casinos across Washington, putting 850 people out of work. The affected casinos are Great American Casino in Everett, Chip’s Casino, Macau Casino and Palace Casino in Lakewood, All Star Casino in Silverdale, Casino Caribbean in Yakima, Crazy Moose Casino in Pasco and Coyote Bobs Casino in Kennewick. …

A residential component of Frisco’s Fields West development is taking shape, with leasing now underway for the first phase of The Wentwood at Fields West. Units at The Wentwood are expected to be ready for move-in in January. Additional phases are scheduled to open throughout 2027 and into 2028. The community’s amenity package includes three …

The Frisco planning board okayed a Trader Joe ’s-anchored mixed-use project, and next week the town council will vote on the plan. Community Impact reports the proposed development would include a 12,500-square-foot Trader Joe’s and a 158-unit senior living facility, along with other mixed-use elements. It would be located at the southwest corner of Majestic …

Marcus & Millichap announced the sale of 6145-6149 Kansas Ave. NE in Washington, D.C.’s Riggs Park neighborhood. The asset sold for $1.3 million. “Multifamily rental properties are in short supply in this pocket of the Manor Park and Brightwood submarket, making this a rare investment opportunity,” said John Slowinski, associate director of investments in Marcus …

MCB Real Estate has selected David Germakian as senior managing director, retail development. Germakian brings more than 19 years of real estate and development experience to his new role. He was formerly managing director for EDENS, leading its Mid-Atlantic region and specializing in the development and redevelopment of open-air retail and mixed-use centers. Germakian will …