National

An affiliate of LBX Investments bought a retail and office development in West Nashville. The development has about 95,000 square feet of space. The Nashville Business Journal reports the company paid $37.5 million for the Stateline in The Nations. Vintage South was the seller in the recent transaction. The firm bought the 3.42-acre property for $6.5 million …

Flagship Healthcare Properties spent $51 million on a Class A, 100% leased medical outpatient building (MOB) and ambulatory surgery center (ASC) in Hickory, North Carolina. The transaction represents the largest single-asset acquisition by purchase price in the history of Flagship Healthcare Trust, the company’s private REIT. The property is anchored by Graystone Eye. Hickory is about 60 …

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 …

JLL arranged $113 million in construction financing and joint venture equity for 500 North Michigan Ave. on behalf of Commonwealth Development Partners. The project is currently underway and will involve a 25-story office-to-residential conversion delivering 320 luxury apartments in Chicago’s Magnificent Mile district. The adaptive reuse project will feature 253,024 square feet of space comprising …

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 …

RIVANI obtained a $114.3 refinancing of a newly completed 165,170 square foot office and retail destination near Lincoln Road in Miami Beach.  Berkadia’s Brad Williamson, Scott Wadler, Michael Basinski, Mitch Sinberg and Matthew Robbins secured the financing on behalf of RIVANI.  BridgeInvest provided the loan. The financing will retire existing debt. BridgeInvest’s Alex Horn, Jon …

The University of South Florida (USF) and its development partners have broken ground on the $500 million first phase of Uptown Landing, a new mixed-use project in Tampa, within walking distance of the planned USF on-campus football stadium.  The first phase of the project comprises 30 acres and will include 717 beds of student housing; …

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 …

Although the Federal Reserve’s quarter-point increase in the federal funds rate certainly made headlines last week, it was hardly unexpected. Moreover, Sam Chandan, founding director of the Chen Institute for Global Real Estate Finance at the NYU Stern School of Business, told Connect CRE co-founder and EVP Sarah Quinn, “the implications for real estate are less …

Industrial construction costs are rising across the Americas amid improving demand and a recovering development pipeline that create renewed competition for materials and skilled labor, Cushman & Wakefield reported Monday. The firm’s 2026 Industrial Construction Cost Guide found that construction costs increased across all three project sizes tracked. Small industrial projects rose an average of …

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 …

Garden Communities plans to develop a 504-unit apartment community near Desert Ridge Marketplace in north Phoenix. The Phoenix Business Journal reports the Wilf family, owner of the Minnesota Vikings football team, owns the property. The property is adjacent to Vestar Development Co.’s 1.2 million-square-foot Desert Ridge Marketplace and JW Marriott Phoenix Desert Ridge Resort and …

Developer Jonathon Gandhi is hoping to replace a Denver bank branch at 606 W. Colfax with a seven-story hotel. Gandhi is pursuing a 168-room hotel, still unbranded, near the Colorado Convention Center. The Denver Business Journal reports the plan calls for demolishing the former 1,226-square-foot Bank of Denver branch, built in 1981, to make way …

Marcus & Millichap completed the sale of Cynergy Centre, a 20,284-square-foot medical office building in  in Kennewick, Washington, for $5.1 million. “This transaction generated multiple offers within days of hitting the market, underscoring continued demand for well-located medical office investments in the Tri-Cities,” said Ruthanne Loar, associate investments. “It was especially notable that the buyer …

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, …

Regent Properties has inked a $406 million refinancing CMBS loan for the Trammell Crow Center, a 1.2 million-square-foot office high-rise in downtown Dallas. Commercial Search reports Wells Fargo and Morgan Stanley will be the lenders. The note features interest-only payments for its five-year duration at a fixed rate of 7.45 percent. Regent will use the …

The site plan will span 54 acres and will include a $1.35 billion campus for AT&T. KDC is developing the site. While a construction start date has not been set, the Dallas Business Journal reports that employees could begin moving in the second half of 2028. Employees are currently housed at the 37-story Whitacre Tower …

JLL has completed the sale of 1676 International Drive and 8260 Greensboro Drive, a 466,230-square-foot office portfolio in Tysons, Virginia. JLL represented the seller in the sale of the property to Cummings Capital Partners and JSB Capital Group and arranged acquisition financing on behalf of the buyers. JLL’s Capital Markets Investment Sales and Advisory team, …

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 …