National

LBA Logistics recently purchased two industrial properties in the Union Cross Industrial Park near Winston-Salem for $38.16 million. The seller was Westcore. The Triad Business Journal reports Westcore purchased the two Millennium Drive properties from developer Front Street Capital for a combined $36.9 million in 2022. LBA purchased the industrial buildings at 4991 Millennium Drive and …

Dallas-based Lincoln Property Company (“Lincoln”), a global full-service real estate firm, acquired The Spectrum Companies (“Spectrum”), a Charlotte-based, full-service real estate firm. The acquisition enhances Lincoln’s full-service real estate platform in the Carolinas region, combining complementary capabilities, closely aligned cultures, and deep regional expertise. Johno Harris, Senior Executive Vice President at Lincoln and Stephen McClure, …

Related Beal, Related Affordable, The Commonwealth of Massachusetts and MassHousing announced a complete upgrade and renovation of the Loring Towers affordable housing community built in Salem in 1974. With financing secured, Related will begin a comprehensive, multi-phased renovation of the 250-unit property in August, extending long-term affordability to 2056. The $38-million renovation, expected to be completed by 2028, …

Coworking operator Workbar will open a 10,000-square-foot new location in Somerville’s Union Square, within the new USQ mixed-use development adjacent to the Union Square MBTA station. Housed in the Prospect Union Square residential tower at 50 Prospect St., the company will be the second commercial tenant signed to Magellan Development’s USQ project. Founded in 2009, Workbar established itself through …

Cox, Castle & Nicholson LLP served as real estate and permitting counsel to IPX Power, LLC on the committed financing for the construction and operation of its Darden renewable energy projects in Fresno County, California.  The financing encompasses $4.95 billion of construction debt. It includes a $403-million letter of credit facility, a $911-million tax equity bridge loan, a $1.81-billion tax credit transfer bridge loan, and …

Cushman & Wakefield arranged the sale of a three-building industrial portfolio totaling approximately 667,024 square feet (sf) at Interchange Logistics Center in San Bernardino. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan represented both the seller, Cabot Properties, and the buyer, EQT. Terms weren’t disclosed. “This portfolio represented a rare opportunity to achieve immediate scale …

Mapletree Investments has broken ground on a 419,520-square-foot best-in-class industrial facility in Chicago’s Joliet submarket. The property sits on a 29.36-acre site at 1851 Brandon Road with delivery scheduled for 2027. “This groundbreaking brings another high-quality logistics asset to one of the most established distribution hubs in the country,” said Richard Prokup, Chief Executive Officer, …

Northern Builders, in partnership with Affinius Capital, announced a long-term lease agreement for a 1,200,000-square-foot industrial facility at Cherry Hill Business Park in Joliet, Illinois. The undisclosed tenant was represented in the transaction by Adam Mitchell and Matt Carolan of JLL, and Northern Builders was represented by Jason West, Sean Henrick, and Ryan Klink of …

Richland Capital Holdings broke ground on Lakeview Corporate Park, a new 310,000-square-foot logistics space, at 6700 Lakeview Center Drive. The Tampa Bay Business Journal reports the project will redevelop a three-story office building into two rear-load distribution buildings designed to serve a wide range of logistics, manufacturing, distribution and light industrial users seeking immediate access …

Extant Aerospace broke ground on a new 376,000-square-foot industrial manufacturing facility in Melbourne. Michael Moss II of Lightle Beckner Robison represented Extant Aerospace securing the building. The Orlando Business Journal reports the new facility is part of the Harbour Logistics Center development, an industrial center with a total of 530,000 square feet of Class-A space …

Artificial intelligence infrastructure startup Nscale Global Holdings has closed a $900-million revolving credit facility to accelerate its AI data center build-out and capital deployment across the U.S., Europe and Asia Pacific The facility was syndicated across a group of banks including J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC Capital Markets, Bank of America, Crédit …

Accounting giant PwC has agreed to lease approximately 350,000 square feet at One Eden, a redevelopment of an office property currently known as 33 Canada Square at CWG’s Canary Wharf mixed-use complex in London. Currently occupied by Citigroup’s EMEA headquarters, the space will be redeveloped in advance of PwC’s arrival. The new space will address …

U.S. multifamily advertised rents increased by an average of $4 in June to $1,763, continuing the recent trend of moderate growth, Yardi Matrix reported. Rents rose 0.7% during the second quarter of 2026 and 1.0% in the first half of the year. Both metrics fall well below the pace seen in both the immediate pre-pandemic …

U.S. wholesale inflation followed the example of consumer price inflation in June with a monthly decline. The Producer Price Index for final demand fell by a seasonally adjusted 0.3% in June after rising 1.1% the previous month, the U.S. Bureau of Labor Statistics reported Wednesday. Analysts had expected the June figure to be in line …

Gov. Kathy Hochul has selected a team of Gotham Organization, Fisher Brothers and Mural Real Estate Group to develop 1,127 housing units on a state-owned site currently used for parking near the USS Intrepid Sea, Air, and Space Museum on Manhattan’s Far West Side. Thirty percent of the units in the two-tower development at 621 …

Brookfield is in exclusive talks to acquire a stake in Hudson Square Properties in a deal that would value the complex at $3.5 billion, the Wall Street Journal reported. The asset management giant would own 10% of the 13-building, 6.2 million-square-foot portfolio, and would take over as its long-term operating partner. The Hudson Square office …

The Watermark at Oro Valley, a 101-unit assisted living community at 9005 N. Oracle Road in Oro Valley, sold for $23 million. The buyer was Steller Senior Living. The seller was PGIM Real Estate. Built in 2018, the two-story assisted living facility contains 83,059 square feet on 3.42 acres in the Shadow Mountain Estates area. …

A Mesa planning board will consider a nearly 268,000 proposed expansion to an existing Boeing manufacturing facility on the east side of Greenfield Road north of McDowell Road. (Photo courtesy of Todd Photographic Services) AZBEX reports the one-story building is proposed as a Boeing Fabrication Center, adjacent to an existing Boeing Fabrication Center totaling 158,000 square …

BKM Capital Partners has acquired a five-building Metro Seattle industrial portfolio. The assets, located in the market’s premier South King County industrial corridor, were acquired on behalf of BKM Industrial Value Fund III. Totaling 401,000 square feet across approximately 19 acres of infill industrial space, the portfolio is 84% occupied. “The portfolio offers several features …

First Washington Realty (FWR) has acquired Evergreen Village, a 123,562-square-foot grocery-anchored community shopping center in Bellevue, Washington, expanding the firm’s Pacific Northwest portfolio to 2.3 million square feet. Anchored by a Safeway supermarket, Evergreen Village features a diverse mix of fitness and dining tenants, including Edgeworks Climbing, Puetz Golf Superstore, and Starbucks. “Evergreen Village is …

StreetLights Residential has secured $54 million in equity, along with $111.5 million in construction loans, for a new 22-story Plano apartment complex expected to open in 2029. The project will be part of the conversion of The Park of Legacy, a 107-acre office campus into a mixed-use development with apartments, hotels and restaurants. It used …

The Signorelli Company announced Commerce District at Valley Ranch, a mixed-use destination that represents the next phase in the evolution of the 1,400-acre Valley Ranch master-planned community in New Caney, Texas. Situated on 55 acres, Commerce District will encompass 400,000 square feet of commercial development and a 600-unit luxury multifamily community. Developed in two phases, …

PCCP provided a $61.3 million loan to PGIM and Kennedy Wilson for the refinance of Parc Riverside East, a luxury mid-rise apartment community in the Navy Yard neighborhood of Washington, D.C. Built in 2014 and located at 1011 First Street SE, the 287-unit, 13-story property features studio, one-bedroom, and two-bedroom floor plans averaging 785 square …

Finmarc Management, Inc. has completed the $26.36 million sale of an 83,300 square foot flex and office building, as well as an adjacent 6.4-acre parcel located within the Park East Corporate Center in Chantilly, Virginia, to Pulte Homes. Finmarc acquired the three-building business park comprised of nearly 200,000 square feet of flex and office space in 2021. …