National

TC Investments plans to transform a Nashville office tower it recently bought into a hotel. The Nashville Business Journal reports that the company and a handful of other investors paid $29 million for the 21-story Philips Plaza office building and plan to convert it into 360 hotel rooms. The hotel is expected to open in …

Northwood Ravin demolished a dated Charlotte public library in order to make way for a 300-unit apartment development. The Charlotte Business Journal reports the plan is to include 21,400 square feet of retail as well. The 4.5-acre south-end property is at 101 Scaleybark Road. The retail component is part of a larger mixed-use development that …

Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy …

The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive …

BKM Capital Partners has acquired Goldenwest Circle Business Park in Westminster for $62 million. BKM purchased the 12-building park in an off-market transaction on behalf of BKM Industrial Value Fund III. The fully occupied, 231,000-square-foot park sits on 12.3 acres at Bolsa Avenue and Interstate 405, with direct frontage on one of Southern California’s most …

Pembroke said Monday that Ent has joined 100 California St., leasing the San Francisco property’s newly completed 10th-floor spec suite. An AI endpoint security company, Ent committed to the 10,952-square-foot space for 80 months. Pembroke acquired 100 California in 2014 and has continued investing in the property as the way people use and experience the …

Marcus & Millichap announced the exclusive listing of 53.54 acres near the Enrico Fermi Nuclear Power Plant and existing high-voltage transmission infrastructure in southeast Michigan. “The property’s proximity to established electrical infrastructure and major transportation routes makes it an opportunity worth evaluating for developers and investors with significant power requirements,” said Joseph Carrizales, associate of …

Harrison Street Asset Management and Harbert Management Corporation’s South Bay investment team have announced a joint venture to develop two senior housing communities in Pasadena, California and Potomac, Maryland.    The Palmer in Pasadena and The Belle Mare in Potomac are designed to add 80 and 94 units to their respective communities. Together with projects already under …

Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean …

Gencom, with White Bridge Capital, acquired the iconic InterContinental Miami, a 652-room waterfront hotel for $300 million (Bloomberg). The 34-story hotel is situated at 100 Chopin Plaza. It has a prominent waterfront location in the heart of Miami’s business and cultural center. Strategic Hotels and Resorts was the seller. The new owners plan to rework the …

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 …

Northmarq’s Pacific Northwest Investment Sales team, led by Sean Tufts, Kevin Adatto, Joe Dugoni, and Jack Hallberg, completed the $19 million sale of Canyon Ridge Plaza, an 86,909-square-foot multi-tenant retail community center located at 26015 104th Ave. SE in Kent, Washington. The property was acquired by Kimco Realty. “Shopping centers continue to be one of …

Multifamily borrowers with maturing loans face a significantly higher interest rate environment to refinance, with Newmark reporting a 41% increase in interest costs. Loans maturing in the third quarter of 2026 carried an average interest rate of 4.04%, compared with the current 5.69% for new loans. At the same time, cap rates have averaged 5.5%, …

The U.S. investment sales market continued to gain momentum through the third quarter of 2026, recording approximately $389 billion in sales across office, multifamily, industrial, retail and development properties, Avison Young reported. Q3 volume reached $143 billion, the strongest Q3 since 2022. Multifamily continued to account for the largest share of investment dollars, while industrial …

Avison Young arranged a 20,748-square-foot lease on behalf of LG Ads, the advertising division of LG, at 115 Broadway in Lower Manhattan, establishing the global adtech company’s first permanent New York City headquarters. The relocation from coworking space more than doubles the company’s footprint in the market. Senior director Peter Johnson and associate Ryan Grecco …

Marcus & Millichap finalized the sale of 17 E. 48th St., a mixed-use office and retail property in Midtown Manhattan’s Plaza District. The asset sold for $13.45 million. “This property was a good deal of fun to market. The retail tenant, Hatsuhana, is New York City’s oldest sushi restaurant and recently celebrated its 50th anniversary …

Walmart recently opened a 100,000-square-foot Pharmacy Central Fill facility in Litchfield Park, west of Phoenix. The company is expanding a regional prescription-processing network designed to give store pharmacists more time for patient care. Located at 6600 N. Sarival Avenue, Suite 130, the facility is designed to fill up to 100,000 prescriptions daily and support more …

Blueprints Capital has plans for a mixed-use development in Gilbert’s Morrison Ranch. It’s expected to include restaurants, retail and office space within the 3,000-acre master-planned community. The 16-acre project is called Lakeside Village. The 160,000-square-foot upscale development would include 14 buildings ranging in size from 858 square feet to 11,834 square feet, with outdoor patios …

Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists …

The Seattle Social Housing Developer (SSHD) announced its second acquisition, a six-story building with nearly 200 homes in the heart of West Seattle.  The Developer’s Board approved the acquisition, and SSHD plans to buy Youngstown Flats for about $68 million. In addition, the current owner of Youngstown Flats recently allowed an affordability program to lapse …

DML Capital has acquired a 123,272-square-foot office building in Austin, Texas, from Brick Row Holdings for an undisclosed amount. The three-story building was completed in 1998. Brick Row Holdings increased occupancy at the property from 36 percent to 98 percent after acquiring it in June 2025. Its amenities include an underground parking garage and direct …

Crow Holdings has obtained refinancing for Old Parkland East Campus, a recently completed, 289,113-square-foot addition to the Old Parkland campus in Dallas. JLL worked on behalf of Crow Holdings to secure the seven-year loan from capital accounts advised by KKR. This transaction follows the May 2026 refinancing of Old Parkland West Campus, which JLL also arranged. JLL’s Capital …

MacKenzie Management Company has secured five new assignments to provide comprehensive property management and maintenance services for approximately 310,000 square feet of commercial office, medical condominium, retail, and warehouse/industrial space across the Maryland region. The assets are 901 Ostend Street and 1212 65th Street in Baltimore City; 7257 Parkway Drive in Anne Arundel County; 111 …

Comstock Holding Companies, Inc. has completed a comprehensive refinancing for the first three trophy office towers delivered at Reston Station in Virginia. The company earned approximately $2.6 million in debt origination fees in connection with the closing. “Refinancing these three Trophy office towers during a tumultuous time in the financial markets is a strong statement …